Can a local bookie make money at 5% juice?

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"Deserves got nothin to do with it"
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Just curious thoughts on a local bookie charging 5% with really solid paying players. I think you would have to keep all action and move lines bc you couldnt lay anything off opening yourself up to middles. Would you be able to make any money long term?
 

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I would say no as a long term business plan..... 5% is just too low.... Howevr, if you are in a area that has a lot of competition with other bookies and you know you could very rapidly grow your client base, it may be good promotional item... couple months or even until start of MLB Season.. then have dime line in bases (which is unusally for a local in my experience) youll be fine
 

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Yes, it would still be profitable, but is it worth it when you can likely get just as many customers at 10% and make more on the same amount of action?

As for laying off...never understood why any bookie would do that, it's just giving away your profits.
 

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I know of 4 who offer -105. They are all in big markets and I think they like the sharper action to cover for the NY, Boston, LA, etc teams... that are always .5-1 pt off.
 

Rx God
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by 5% , I guess you mean -105 lines.I think it would be hard to do since you are illegal and will certainly get stiffed on some losing accounts with little recourse. I assume this would be a standard credit type deal.

You better be right up to the minute with your lines, too !
 

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Handicapper
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I had a local that had no juice on every straight wager. He owned an after hours club & you would hand him the wager on a piece of paper the night before & he took up to 2 domes a game. Im thinking he made a lot of money anyway.
 

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Totally depends on the group you're booking. I've seen sheets that you can't beat with -110 lines. I've seen sheets that you could book at even money and they'd never win. I think it also has a lot to do with if the business is internet or call in.

don't start booking and start with 105 juice, and if you do call me and give me an account.
 

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anything -101 or higher you will make money... obviously just not as much and the risk is higher. 99 percent of people cant finish above 50 percent consistently... especially the majority of squares who bet thru locals.
 

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i am not saying i would book bets at -101... i was simply answering the question "can you make money"... the answer is yes
 

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I used to work for an 'office' in Boston, yes you can make money charging -105, but my boss profiled, he knew what 75 percent of our clients were going to bet the second he picked up the phone and adjusted the line accordingly.
 

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This may be my rookie sense coming into play but I never understood when people say that a certain book would know what there playing ahead of time and shade the lines like saying he knows winners already.
I could be missing the whole saying accordingly but when i booked small i know some of the weaker bettors but i still wouldn't call up someone else and hammer oppo like he was poison if thats the gist of the whole saying
 

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I know locals who shade the lines for local teams, knowing that their clientele will bet it no matter what the line is. If a local NBA team is a -5 favorite, they might shade it to as much as -10 and still get a ton of action on that team. Surprises me in this day and age of information on lines at your fingertips that nobody notices how skewed the line is and bets the other side, but I guess they either don't know or don't care.
 

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10% is a misconception as at -110 is 5%.

Two rubes put $110 on opposite sides the bookie keeps $10 i.e. 5%

This is why you see Vegas casinos leasing out the sports books as 5% does not do it for them.
 

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This may be my rookie sense coming into play but I never understood when people say that a certain book would know what there playing ahead of time and shade the lines like saying he knows winners already.
I could be missing the whole saying accordingly but when i booked small i know some of the weaker bettors but i still wouldn't call up someone else and hammer oppo like he was poison if thats the gist of the whole saying

We used to have this guy, who had a thing for Ron Darling, especially when he started at Shea.
He would always bang in Darling at home versus anybody.
Whenever Darling had a start at Shea, and 'Johnny' called up, we knew he was going to say 'give me the Mets 100 times'
If the Vegas line was Darling (Mets) -165, the boss would give him -180, he'd still bet it.

I hear what you are saying though, it surprises me why none of the clients that got profiled never caught on.
 

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i could see that flying back in the day where you can't see other lines and books and only have 1 option. But i was referring to how some books or people say that they know who people will play and act as if there just auto collecting on games. If your that sharp your either just doing it as hobby or wasting a talent it seems.
 

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