How high can sportsbook balances grow?

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  • SportsMozart
    SBR Sharp
    • 01-18-11
    • 377

    #1
    How high can sportsbook balances grow?
    I recently heard that some guy from UK has $11,2 million balance in Diamond sportsbook... That might or might not be true. I believe that exchange account balances can grow really high, but what about sportsbooks? In pro books I assume 7 figure balances are indeed possible. In recreational books one is labelled as a pro player when they have $3000 balance ( that is the real Oddsmaker case) Your thoughts?
  • Spedizzo
    SBR MVP
    • 12-16-11
    • 1557

    #2
    343242323524352
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    • Spedizzo
      SBR MVP
      • 12-16-11
      • 1557

      #3
      But seriously I would be scared if I had anything over 20k in a book. Regardless of what the reputation is of these A+ books is, it is still a big chunk of money to leave in an offshore Costa Rican website involved in an overall unethical business. Ignoring the fact that there will be fees and most likely multiple installments necessary to pay out a large amount, you are also leaving yourself vulnerable to potential new laws and regulations that can f you in the a. Anything larger I would rather just rather take to Vegas.
      Comment
      • ncat12
        SBR MVP
        • 11-24-09
        • 1170

        #4
        Originally posted by Spedizzo
        But seriously I would be scared if I had anything over 20k in a book. Regardless of what the reputation is of these A+ books is, it is still a big chunk of money to leave in an offshore Costa Rican website involved in an overall unethical business. Ignoring the fact that there will be fees and most likely multiple installments necessary to pay out a large amount, you are also leaving yourself vulnerable to potential new laws and regulations that can f you in the a. Anything larger I would rather just rather take to Vegas.
        o
        EXACTLY ..keep anywhere close to that much in vegas I'm pretty sure you find out what comping is really like
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        • Digo
          SBR Wise Guy
          • 01-21-12
          • 563

          #5
          Originally posted by Spedizzo
          But seriously I would be scared if I had anything over 20k in a book. Regardless of what the reputation is of these A+ books is, it is still a big chunk of money to leave in an offshore Costa Rican website involved in an overall unethical business. Ignoring the fact that there will be fees and most likely multiple installments necessary to pay out a large amount, you are also leaving yourself vulnerable to potential new laws and regulations that can f you in the a. Anything larger I would rather just rather take to Vegas.
          I couldn't agree more... Actually i would be scared if i had anything over 5k in any book other than pinnacle.
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          • prop
            SBR MVP
            • 09-04-07
            • 1073

            #6
            I've made this mistake several times and finally learning my lesson now. It's similar to an odometer; once balance hits 10,000,000 it actually displays as 0. 9,999,999 is the maximum allowed at most books.










            . I'm making this up, but sounded good.
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            • touchback
              SBR MVP
              • 02-08-12
              • 1227

              #7
              Interesting question... most established services have a post up side and a credit side, credit being either and or a credit sheet or perhead dataprocessing services sheets. Most old school shops have some really big players but you would never see them in a database. They are so highly protected only the owner or a very trusted longtime employee or partner would even handle or interact with a million dollar customer... no one else in the place would even know the customer exists. So that being said, these customers at any of the above A rated services could easily have multiple millions on account...
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