How much money do big sportsbooks make per year net net after all expenses?

**jjgold** · 11-14-21, 03:42 PM

The big ones millions

lol DSI maybe 200k they are small time

**EGrecu** · 11-14-21, 03:52 PM

Originally posted by jjgold

The big ones millions

lol DSI maybe 200k they are small time

I thought DSI been around for a very long time

**jjgold** · 11-14-21, 04:12 PM

They have but broke away from a bigger book

Smaller book

**EGrecu** · 11-14-21, 04:54 PM

Originally posted by jjgold

They have but broke away from a bigger book

Smaller book

So you think they only make like 200-500K a year?

You think betonline and my bookie make millions?

**pavyracer** · 11-14-21, 04:55 PM

Not a lot. Many bettors take them to the cleaners. That's why it takes forever to get paid when you win.

**jtoler** · 11-14-21, 05:03 PM

$38.50 after taxes

**EGrecu** · 11-14-21, 06:05 PM

Originally posted by pavyracer

Not a lot. Many bettors take them to the cleaners. That's why it takes forever to get paid when you win.

99% of gamblers lose money

It's very very very hard to win above 52%

**ChuckyTheGoat** · 11-14-21, 06:12 PM

Originally posted by EGrecu

99% of gamblers lose money

It's very very very hard to win above 52%

Pavy may be an exception. Most players get drilled. To the tune that they're even worse than COIN-FLIPPING.

Bookmaking expenses are pretty minimal. I think top books hold 4% of their gross revenue.

**pavyracer** · 11-14-21, 06:13 PM

Originally posted by EGrecu

99% of gamblers lose money

It's very very very hard to win above 52%

Didn't you request payouts from multiple books? Are you saying you are one of the 1%?

Post some plays and share your wisdom.

**ChuckyTheGoat** · 11-14-21, 06:14 PM

Ask any Local Bookmaker. They'll tell you that a FEW players might have a winning Football season, mostly based on luck and running good.

Most bookies will tell you that they literally don't have one player who clears a consistent profit year-over-year. Not one.

Bookmaking is one industry where IF you have half a brain, it's very hard to Net a Loss over time. Have to be prepared to pay off on the in-frequent bad swings. Over time, Bookmaking profit is a function of Betting $$ booked.

**wombat** · 11-14-21, 06:19 PM

Bookmaker and Heritage nets tens of millions per year guaranteed.

**mjsuax13** · 11-14-21, 06:23 PM

Why don’t you start a book and find out?

**pavyracer** · 11-14-21, 06:27 PM

Originally posted by mjsuax13

Why don’t you start a book and find out?

He is too busy cashing in from multiple books. This guy never loses.

**Fishhead** · 11-14-21, 07:30 PM

Originally posted by pavyracer

Not a lot. Many bettors take them to the cleaners. That's why it takes forever to get paid when you win.

BETONLINE/SPORTSBETTING pay most times in under 3 minutes............hundreds of thousands of payouts from them over the years.

**MiDNiTe** · 11-14-21, 07:38 PM

I remember seeing tab revenue 2.34 billion and their profit was something like 180 mil

**jjgold** · 11-14-21, 07:40 PM

Betus makes a fortune
Mybookie real big revenue

**EGrecu** · 11-14-21, 08:39 PM

Originally posted by MiDNiTe

I remember seeing tab revenue 2.34 billion and their profit was something like 180 mil

Tab?

**EGrecu** · 11-14-21, 08:42 PM

Originally posted by jjgold

Betus makes a fortune
Mybookie real big revenue

Wouldn't surprise me if they are 10 million +

They trick everybody with big bonuses that have stupid rollover requirements

**gauchojake** · 11-14-21, 08:52 PM

bear, how many times can you ask the same questions? Does it ever get old?