How do credit books survive?

Rolltideroll · Jun 8, 2008

I am just curious.How can they bank on gamblers in other countries to pay their debts?
While it would be convenient have a sportsbook that goes on credit,how can you count on the financial stability of a book that gets paid only after their customers lose (and pay from another country)?

teazeman · Jun 8, 2008

must have honest, trustworthy players. most of the younger crowd is full of shot taking free rolling punks who don't know what it means to be a man of your word.

ParanoidAndroid · Jun 8, 2008

teazeman said:
must have honest, trustworthy players. most of the younger crowd is full of shot taking free rolling punks who don't know what it means to be a man of your word.

No, JJ isn't that young

:lolBIG:

NES · Jun 8, 2008

Rolltideroll said:
I am just curious.How can they bank on gamblers in other countries to pay their debts?
While it would be convenient have a sportsbook that goes on credit,how can you count on the financial stability of a book that gets paid only after their customers lose (and pay from another country)?

If you have no idea how the credit business works it is better if we just keep it that way.

$tinky · Jun 8, 2008

usually a credit book deals with a bunch of agents. So instead of worring about a bunch of customers paying one agent may have 50 or so customers and he stands good for the group in return for a % of losses.

You are right though, agents are just like customers some are better than others and they are only as good as their word.

How do credit books survive?

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