How often does being completely hammered help the books...?

pat venditto · 11-29-08, 12:57 PM

books never lose because its a market. even action on both sides and they make a profit.

pat venditto · 11-29-08, 12:58 PM

1 million of action on both sides of a -110 spread books make 100,000.

InTheHole · 11-29-08, 01:01 PM

Originally posted by Tsoprano

Not talking about being drunk and it affecting your mind with picks & leans. I mean completely hammered where someone logs in and puts the entire balance or most of it on something they WOULD NEVER do when sober. Then they wake up and have a devastating new figure...

Must happen a lot in such a big industry with boat loads of degenrates.

Maybe in the casino...never been in a spot (at least in a long time) where I threw money on a game because of a hunch unless i have a freeplay to burn.

Jesse Black · 11-29-08, 01:02 PM

That is FBI propaganda. Less then 20% percent of games have even action on both sides.

Tsoprano · 11-29-08, 01:04 PM

Pat, I just mean day to day wins and losses between a player and a bookie, I guess I should rephrase the question along the line of:

How often does being completely hammered hurt the player.

pat venditto · 11-29-08, 01:04 PM

being hammered makes people bet too much which gives bookies the edge.

Mudcat · 11-29-08, 01:07 PM

As a recovering alcoholic/addict who now bets on sports for a living, this scenario gives me the creeping heebie jeebies. It is definitely incentive not to relapse.

Add alcohol and a huge chunk of discipline goes out the window. Mediocre ideas suddenly seem really great. I'm sure there are all kinds of people making extra-stupid bets based on drunk inspiration every day.

If I drank, my business would be fvcked.

durito · 11-29-08, 01:09 PM

Originally posted by pat venditto

books never lose because its a market. even action on both sides and they make a profit.

no

pat venditto · 11-29-08, 01:10 PM

durito explain then.

durito · 11-29-08, 01:11 PM

Originally posted by Mudcat

As a recovering alcoholic/addict who now bets on sports for a living, this scenario gives me the creeping heebie jeebies. It is definitely incentive not to relapse.

Add alcohol and a huge chunk of discipline goes out the window. Mediocre ideas suddenly seem really great. I'm sure there are all kinds of people making extra-stupid bets based on drunk inspiration every day.

If I drank, my business would be fvcked.

Thankfully I never had any interest in betting when drunk. Though it's certainly an incentive not to start drinking again. Mostly because I know I'll end up sleeping through hours I should have been working.

InTheHole · 11-29-08, 01:12 PM

Originally posted by Mudcat

As a recovering alcoholic/addict who now bets on sports for a living, this scenario gives me the creeping heebie jeebies. It is definitely incentive not to relapse.

Add alcohol and a huge chunk of discipline goes out the window. Mediocre ideas suddenly seem really great. I'm sure there are all kinds of people making extra-stupid bets based on drunk inspiration every day.

If I drank, my business would be fvcked.

Solid Post!

Tsoprano · 11-29-08, 01:13 PM

I could just imagine some horror stories of alcohol wiping out bankrolls. Especially with someone drunk with friends who wants to be a showoff and put thousands on an event and look like a big shot if it hits, not aware of the surroundings, or how many zeros they put when submitting the figure, picking the wrong team, etc.

Dashwood Clipper · 11-29-08, 01:19 PM

Its not necessarily about being hammered. For a lot, even the sober bettors, it is the mindset that if you start a day 0-2 and 0-3, you must make that money back. As a result, someone will make a play in haste, without a real edge, and put a lot more money on it than should be risked, and it spirals out of control. I am not a bookie, or a pro gambler, but I would imagine the books enjoy that kind of action.