1. 01-30-09 09:20 PM #1
    AgainstAllOdds
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    What is the probability of coming out ahead here/Good or bad opportunity?

    Say you are given the opportunity to refer players to a book/local and receive 30% of losses. But heres the twist...If the players wins, you have to pay 10% of player winnings.

    Would this be a good or bad thing?
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  2. 01-30-09 11:00 PM #2
    Peep
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    Good thing.

    But best way to do it is take a percentage of volume, then you don't have to worry about it either way, let the book worry about who wins and who loses and who they cut lose.

    One or two percent of gross bet adds up if the people you refer are players.
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  3. 02-02-09 09:43 AM #3
    Justin7
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    Quote Originally Posted by AgainstAllOdds View Post
    Say you are given the opportunity to refer players to a book/local and receive 30% of losses. But heres the twist...If the players wins, you have to pay 10% of player winnings.

    Would this be a good or bad thing?
    Don't do it if you are American. This makes you, in effect, a book maker. This is a federal felony.

    If you are in a country where it is legal to book action... Know your player. If he's a square and you can handle paying him out 3 weeks in a row, take 30%. If you have a bunch of players, book it. If he's sharp or you cannot handle the loss, ask for a different plan.
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  4. 02-02-09 12:17 PM #4
    durito
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    Here's your problem:

    Say you get 6 square guys signed up and all is going well. They each lose about $500 a month, so you are making about $900 a month. Then Justin signs up. You don't know Justin but you hear he is a big square. Problem is, he isn't. So say next month all 6 guys combine to lose $3,000 as usual, only Justin makes $15,000. Now you owe $1,200.
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  5. 02-04-09 08:33 PM #5
    cinpls081
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    is it black and white or per week. per week is better and maybe you can just get 10%. SO if your guys win say 5000 one week and then lose 4000 the next week the guy will pay you 400. next week 5000W etc etc. This is a very good way. I would do it 100% but like durito said it can be quite scary if your pool isn't big enough I know from experience.
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  6. 02-04-09 10:48 PM #6
    SlickFazzer
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    high volume and you will be ok. Get all your recreational buddies and you will be fine.
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  7. 02-05-09 01:59 AM #7
    tomcowley
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    Sign somebody up. Tell him to max bet one game per settlement period. Profit. Use profit for new kneecaps once they catch on.
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