What happened to the pay Vig on Winners concept ?

[Sam Odom]

Any Locals doing that these days ?

Examples:

Lose three $100 bets be down $300

Win three $100 bets be up $270

Win two , lose one $100 bets be up $80

[sweep]

[Sam Odom]

sweep , that concept was popular once

[sweep]

so was the typewriter

[Sam Odom]

Subject came-up over lunch yesterday... Father of 'kid bookie' did this about 35 yrs ago he said. Sammy remembers one Local in b'ham doing this also around that time.

kid bookie's father said he liked it and was easier on his players (losers)

[innovation]

kinda like a punch card


lose ten get one free....

[VegasInsider]

More like win 10, lose 10% of your profits

[VegasInsider]

It's like a 10% insurance policy for bookies. We'll call it winners insurance.

If you come out a winner, you'll only get 90%. Bookie saving money. On the losses, who cares? They already have 100, what's another 10

It's addition by subtraction. Great concept for bookies.

[billysink]

Subject came-up over lunch yesterday... Father of 'kid bookie' did this about 35 yrs ago he said. Sammy remembers one Local in b'ham doing this also around that time.

kid bookie's father said he liked it and was easier on his players (losers)

Sammy quit tellin on yourself.

You get that candy after you bought your man plenty.

Billy give you that just to keep you around a few more weeks, when you were deep into a cooler.

That shit to get you on the string or hang you from it.

Prolly lend it to you right about now Sammy.

[k4cowboys4k]

It always made sense to me. Paying a 10 dollar vig on a 100 dollar bet nets the bookie a 10% bonus. Paying a 10 dollar vig on a 90 dollar bet nets the book an 11% bonus.

Standard Concept (betting to win 100): 100 win, 110 loss
Proposes Concept (betting to win 100): 100 win, 111 loss

[Sam Odom]

Sammy quit tellin on yourself.

Yup... Sammy gave him a nice envelope

[Sam Odom]

but billy... the food & drink were good

he picked-up the tab - what a great guy !!

[Sam Odom]

Proposes Concept

Not really 'proposed'

Obviously an old and obsolete concept

Good math tho

[innovation]

brewsters millions

they are stealing the 0.09% and nobody is aware.

[billysink]

Sammy what a game before the interwebs though.

Fukk what a game.