Becoming a bookmaker?

ChuteBoxe · 01-13-10, 01:24 AM

Should be enough.

Local bookmaker, or website?

Ace_of_Spades · 01-13-10, 01:26 AM

Local, website would be to time consuming.

rm18 · 01-13-10, 01:28 AM

all depends on your limits

Ace_of_Spades · 01-13-10, 01:31 AM

1000 dollar limits and all payouts on handycaps and totals at evens. Thats how i would compete with online websites.

lakerboy · 01-13-10, 01:37 AM

Originally posted by Ace_of_Spades

1000 dollar limits and all payouts on handycaps and totals at evens. Thats how i would compete with online websites.

you need to up the limits. my locals have 25000 limits on sides and 10000 on totals. if you bet 5000 or more with them you need to be in attendance . they have over 250 clients and they they tell me they get 75-100 bets per week over 5000 and 5-6 a month over 20000.

Ace_of_Spades · 01-13-10, 01:43 AM

Originally posted by lakerboy

you need to up the limits. my locals have 25000 limits on sides and 10000 on totals. if you bet 5000 or more with them you need to be in attendance . they have over 250 clients and they they tell me they get 75-100 bets per week over 5000 and 5-6 a month over 20000.

That would kill me.

lakerboy · 01-13-10, 01:53 AM

Originally posted by Ace_of_Spades

That would kill me.

not neccessarily bro - remember the book wins in the long run- use pinny lines

mlb · 01-13-10, 02:15 AM

god i do not know my shit but yet i bet ... what are pinny lines?

Ace_of_Spades · 01-13-10, 02:40 AM

Originally posted by mlb

god i do not know my shit but yet i bet ... what are pinny lines?

Pinnaclesports.com

Probably the best bookmaker ever to exist alongside BetFair.

THE PROFIT · 01-13-10, 03:45 AM

I used to be a bookie. Started out with very little bankroll. Very small time though only about 100 clients $1000 max. The key is to make money, you don't need a bankroll for that LoL!

jjgold · 01-13-10, 06:06 AM

Forget it

You will end up in prison, simply not worth it unless your prepared to kill and shoot people for non payment

StarPicks · 01-13-10, 06:10 AM

Local bookies are now doing their booking on websites as its easier to balance and keep track of bets. BUT just make sure you don't make a mikey mouse site where your smart computer wise players can find a way to manipulate your website. That would suck.

thespeculator · 01-13-10, 08:08 AM

probably better to setup shop offshore ,than risk prison

Boner_18 · 01-13-10, 08:44 AM

Yeah man. This is a losing proposition in the long run. Use the 250k to invest in the market. Ladder some jumbo CDs, 20% remaining in fixed income, 80% remaining in equities. It ain't exciting but at least it is legal.

MrCivic · 01-13-10, 08:56 AM

if you have 250k im selling shares in a major european bookmaker.. they keep growing and generating huge amounts and expanding and its a sure investment.. im just short of cash right now so need to sell of little bit of my stocks.. you will get quarter reports and details about the buisness if you interested..

also.. what website offer good software for local bookies ? im also thinking of starting up something with a friend of me..

SBR_John · 01-13-10, 10:50 AM

250k is plenty. One guy said get your limits high...huge mistake. Very sharp action and shot takers and an occasional whale are the only ones making big credit line bets. Now if you can make a guy post up then give him $50,000 limits and hedge out what he does with Betfair, Matchbook and Pinny.