How much late fee does your bookie charge you ???

[Jordano5354]

I'm asking this for a friend of mine that uses a local bookie. He's always on time to pay up and always get paid on time. But in case if anyone is ever late, his bookie has a policy of charging late fee 30% per week of whatever is being owed. For example, if someone loses 1000 and doesn't pay up on time, then it's 300 bucks per week of late fee since that's 30% of 1000 bucks. And if anyone try to screw his bookie over and not pay at all, then he'll send people to their house and work and make them pay.

Just wondering how much late fee does your bookie charges you?

[DontTailMe]

I’ve heard 10% is common. 30% is Flat out criminal. But when you’re dealing in an illegal business, what are you gonna do? Find someone else, I’d say.

But also, don’t bet with money that you don’t have or I sn’t disposable for you. Having to pay even 10% is stupid.

[littlekona]

30 points is typical shark juice. They all work with you though my local even will take payment plans like 50 a week. they know if they dont work with u you will disappear and then they get zero.

[stevenash]

Depends on the client.
I used to work in an 'office' in Boston back in the day.
If a long time regular that always paid on time and never caused trouble would call the boss and say he had some trouble and would it be all right if he paid the following week 99 times out of 100 the boss would OK that with no juice attached.

Like I said, depends on who needs the extended credit.

[Jordano5354]

I’ve heard 10% is common. 30% is Flat out criminal. But when you’re dealing in an illegal business, what are you gonna do? Find someone else, I’d say.

But also, don’t bet with money that you don’t have or I sn’t disposable for you. Having to pay even 10% is stupid.

I don't use local bookie. I always use offshore. My friend told me his bookie always pays customers on time when they win. But when his bookie's customers lose and doesn't pay up on time, he won't require them to pay the late fee right away. For example, if someone lose 1000 and wanted an extra week, 30% of that is $300. So that customer pays up the $1000 the next week by settle day. And his bookie will say just deduct $300 next time he win. If he lose $1000 again, then just pay up $1000 on time. But if he win let's say $800, then the bookie deduct $300 off of the winning and pay the customer $500.

Either or, just pay up on time and the customer won't ever have to worry about late fees. Pretty simple I would say. Collect on time, get paid on time. Don't want to be charged late fee, then pay up on time. Very simple.

[habitualwinning]

30 points is typical shark juice. They all work with you though my local even will take payment plans like 50 a week. they know if they dont work with u you will disappear and then they get zero.

Ironically, banks and cred card companies play by the same rules. It's almost like they copied each others business models. The bookie charges 30% late interest. Cred cards charge 29% apr. Bookie sends tough guys to harass for payments. Banks send collection agencies to harass you. It's comical. They both use the same business model. One is legal, one isn't. Imagine that hypocrisy!

[DontTailMe]

Ironically, banks and cred card companies play by the same rules. It's almost like they copied each others business models. The bookie charges 30% late interest. Cred cards charge 29% apr. Bookie sends tough guys to harass for payments. Banks send collection agencies to harass you. It's comical. They both use the same business model. One is legal, one isn't. Imagine that hypocrisy!

Not even close. The bookies are charging by the week, not the year. Their 30% vig equates to 84,149,939% APR. Try attracting customers to your credit card offering with those rates.

[Jordano5354]

Not even close. The bookies are charging by the week, not the year. Their 30% vig equates to 84,149,939% APR. Try attracting customers to your credit card offering with those rates.

Shit like that can be avoided to just play by the rule, obviously. Collect on time, pay up on time. If the bookie always pay the customers on time when they win, then obviously the customers have to always pay up on time when they lose. Pretty simple rule. Don't want to be charged late fees, then just pay up on time. Simple enough. Just saying. This business is a 2 way street.

[littlekona]

Shit like that can be avoided to just play by the rule, obviously. Collect on time, pay up on time. If the bookie always pay the customers on time when they win, then obviously the customers have to always pay up on time when they lose. Pretty simple rule. Don't want to be charged late fees, then just pay up on time. Simple enough. Just saying. This business is a 2 way street.

rules LOL...your in la la land. customers stiff bookies and sharks all the time. My local OTB and Poker games where the bookies and sharks do business regulars disappear all the time when they get stuck bad. They just dont come around some for good others for a good bit of time and some with big balls even are defiant and tell the bookie to screw off.... I've been stuck before too and they both will work with you payment plans even 50 bucks a week they dont care as long as they get some money. Being stiffed is part of the business if your a bookie or shark...

[DontTailMe]

Shit like that can be avoided to just play by the rule, obviously. Collect on time, pay up on time. If the bookie always pay the customers on time when they win, then obviously the customers have to always pay up on time when they lose. Pretty simple rule. Don't want to be charged late fees, then just pay up on time. Simple enough. Just saying. This business is a 2 way street.

You're confusing me with someone else. I already said in my first comment above that people should only bet with disposable funds and not make this an issue. But that doesn't mean a weekly 30% vig isn't criminal. It clearly is. Both things can be true at the same time.

[BrickJames]

Charging a 30% weekly vig sounds like a good way to ensure you never get paid.

[Jordano5354]

Charging a 30% weekly vig sounds like a good way to ensure you never get paid.

Only degenerates that always or mostly doesn't pay up on time would say that. LOL!

Either or, I prefer using offshore anyways. I never like dealing with local bookies myself. I just feel it's easier using offshore.

[BrickJames]

Only degenerates that always or mostly doesn't pay up on time would say that. LOL!

Either or, I prefer using offshore anyways. I never like dealing with local bookies myself. I just feel it's easier using offshore.

Imo local bookie is way better than offshore, you get a line of credit and cash in hand on Monday. No bullshit phone or ID verification.

Most give you a nice freeplay when you pay.

[Jordano5354]

Imo local bookie is way better than offshore, you get a line of credit and cash in hand on Monday. No bullshit phone or ID verification.

Most give you a nice freeplay when you pay.

Sure, whatever floats your boat. Just don't stiff a local bookie or he'll send people to your house and work place and have his tough guys break that leg. LOL!

[BrickJames]

Sure, whatever floats your boat. Just don't stiff a local bookie or he'll send people to your house and work place and have his tough guys break that leg. LOL!

I have no intention of stiffing anyone. Ever.

[habitualwinning]

Sure, whatever floats your boat. Just don't stiff a local bookie or he'll send people to your house and work place and have his tough guys break that leg. LOL!

Banks do the same thing. They send tough guys to tell you they're gonna lock you up, get you fired, retitle your house etc. Whatever lie they have to say to get you to pay. Not to mention call you 20 times per day. The reality is it's all mob mentality bs. They can't do any of that shit. Just like a bookie can't do shit if you skip town on em.

[mtneer1212]

And when the bookie needs a day or two to settle up?

[stake1]

It’s 15% either way with my local. In or out

[BrickJames]

And when the bookie needs a day or two to settle up?

Get a new bookie, the "house" should never have cashflow issues. They should be sitting on a pile of cash ready to pay you out instantly.

Guys slow paying bookies is what we call the pigeons prerogative, you know you're a pigeon, the bookie he knows you're a pigeon and he knows sometimes you're going to need a little extra time it's simple. The bookie however should never need extra time under any circumstances.

[BrickJames]

It’s 15% either way with my local. In or out

Really?

[BrickJames]

Get a new bookie, the "house" should never have cashflow issues. They should be sitting on a pile of cash ready to pay you out instantly.

Guys slow paying bookies is what we call the pigeons prerogative, you know you're a pigeon, the bookie he knows you're a pigeon and he knows sometimes you're going to need a little extra time it's simple. The bookie however should never need extra time under any circumstances.

That's what you're paying juice on bets for is liquidity. If you wanted to wait around two weeks to get your money you could just bet with the asshole at your work

[BrickJames]

The guys around here even if they're out of town even if their mom is dying and they have to bury her, they will still have their cousin or their right hand man come pay you on the settle day.

If a bookie ever tells you he needs an extra day run for the hills because that guy is probably some chumpdick with a $7,000 bankroll booking out of his mom's garage just hoping he wins every week.

Relying on losers to pay the winners. One bad week for him and you will get stiffed.

[Jordano5354]

Banks do the same thing. They send tough guys to tell you they're gonna lock you up, get you fired, retitle your house etc. Whatever lie they have to say to get you to pay. Not to mention call you 20 times per day. The reality is it's all mob mentality bs. They can't do any of that shit. Just like a bookie can't do shit if you skip town on em.

Banks are legal. Bookies arent. If you stiff one and they know you'll never pay up or if you're a snitch, most likely they will give you some broken limbs.

[Jordano5354]

The guys around here even if they're out of town even if their mom is dying and they have to bury her, they will still have their cousin or their right hand man come pay you on the settle day.

If a bookie ever tells you he needs an extra day run for the hills because that guy is probably some chumpdick with a $7,000 bankroll booking out of his mom's garage just hoping he wins every week.

Relying on losers to pay the winners. One bad week for him and you will get stiffed.

True. Really local bookies that are legit always pay up no matter what. If anyone stiffs them, theyll always fuk with you and your family. Guarantee on that.

[psiman]

Anybody live in Florida? I need a street bookie ... not an offshore book that likes to hold your $ as long as possible, charge high fees for withdrawal, leave you a paper trail and give you the BS run around.

[jacksonstreet]

I'm asking this for a friend of mine that uses a local bookie. He's always on time to pay up and always get paid on time. But in case if anyone is ever late, his bookie has a policy of charging late fee 30% per week of whatever is being owed. For example, if someone loses 1000 and doesn't pay up on time, then it's 300 bucks per week of late fee since that's 30% of 1000 bucks. And if anyone try to screw his bookie over and not pay at all, then he'll send people to their house and work and make them pay.

Just wondering how much late fee does your bookie charges you?

LOL @ 'send people to their house/work'. Real smart --- these debts are illegal. If he threatens anyone in any way he'll be in jail. Tell your friend to call the cops. penetrate all bookies.

[dmm]

Mine charges one broken bone per week.