[byronbb]

Is it really hard to book action and hold a profit or is it more to do with operators being scammer con-men?

[lines freak]

Prolly cause there are so many to compete against. If you see one has an a+ rating you are going there. Takes years to build a rep.
Laws make it hard too. Not enough funds to cover themselves. could be the beer too

[relaaxx]

faiure from bad business decisions. then you have the guys who are just out to rip people off. start up a site. pay for awhile. stop paying keeping everyone's money. usually the same people open different shops in differrent names just to rip people off.

[Bill Dozer]

Without a huge amount of volume these guys are on paper thin margins or even operating at a loss some years. It take a huge investment of millions to do it right and build an operation that's scalable. Lets say an icecream man buys a delux2000 ice cream maker for a hefty sum. He'll immediately serve good cones and can pump out a lot of them but if he isnt turning out 300 cones per day he's in the red. He needs marketing to go with it. But, how much marketing and where to market? A bad campaign can sink a business without capital. Now that he is going to spend a million on marketing, he needs to have a staff in place to take care of the money, hire CS, pay bank fees, and maintain the shop. People think bookmakers get a license to print money once they decide to take the risk. A typical bookmaker isn't necessarily any more of a business man than an icecream man. That's why it's important to stay with books who have been in business a long time, made the investment in assets and have shown they have done well with the initial overhead. they are good at business along with being the house. If they can do all that and gamblers lose, as many new sportsbooks assume they will, they will be alright.

[Emily_Haines]

probably a lot of greedy owners who think they can just give themselves 5 million dollar annual salaries and when place goes up no players ever get pissed enough to bash their faces in.

[Monte]

Many reasons...but there are some that stick out.
First there would be weak line management, maybe combined with too high limits, Betphoenix was a good example.
You could often find arbs against Pinny without refreshing too often, and there's no way they can balance this big action without losing out themselves

So many books tighten up. No reduced juice, low limits and bonuses, kiss goodbye to ppl they suspect hunting weak lines.
The other side of the medal? This book becomes pointless to everyone who has a clue.
Why the hell would anyone use book xxx over estabilished places like Pinny, that also have way better lines?
Right, only a fool would. So now they get no action, and make not enuf profit.

Then ofc there are the scumbags who think they are out there to simply rip off their victims.
They know they cannot beat the Pinnys of this world, so they just decide to make money the easy way, cos who will help the player? Even SBR can't do shit if a book just doesn't talk, they can drop the rating but as if they'd give a crap, when it's not profitable anymore or the ground gets too hot they'll just disappear.

[wrongturn]

There are still many new gamblers each year that do not care about price that much and simply want to have some actions or fun on sports. Unfortunately, the funding and payout methods are so constrained that many players just give up betting online. So this is a bad business cycle.

[betbetter]

[QUOTE=Monte;15165006]Many reasons...but there are some that stick out.


So many books tighten up. No reduced juice, low limits and bonuses, kiss goodbye to ppl they suspect hunting weak lines.
The other side of the medal? This book becomes pointless to everyone who has a clue.
Why the hell would anyone use book xxx over estabilished places like Pinny, that also have way better lines?
Right, only a fool would. So now they get no action, and make not enuf profit.

QUOTE]

You underestimate the volume of fools.