1. 09-13-12 01:25 PM #1
    rwd201
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    Books vs Sharps

    Do Books make profit break even or just simply pay out to Professional Gamblers. Basicly what im trying to figure out is whats the Sharp/fan profit/debt ratio and are books making money or giving it away?
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  2. 09-13-12 01:39 PM #2
    taxer
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    i think some take a chance but when a sharp players goes into a rec shop they are just asking for trouble
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  3. 09-13-12 02:01 PM #3
    Easy-Rider 66
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    Quote Originally Posted by rwd201 View Post
    Do Books make profit break even or just simply pay out to Professional Gamblers. Basicly what im trying to figure out is whats the Sharp/fan profit/debt ratio and are books making money or giving it away?
    Most of the professionals are on the side of the House. If it were not this way, how could Vegas Sportsbooks stay in business?
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  4. 09-13-12 06:02 PM #4
    v1y
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    Quote Originally Posted by Easy-Rider 66 View Post
    Most of the professionals are on the side of the House. If it were not this way, how could Vegas Sportsbooks stay in business?
    Uhh... if the # of sharps was very small relative to the gambling public?
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  5. 12-24-12 11:53 PM #5
    louis
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    Problem is a lot of sharps make max bets, a lot more than the gambling public. A minority of sharps can in fact bring a sportsbook down. In particular a small one without any risk management. Having said this, with Bet Islands it went beyond this. You have a sportsbook that offered bonuses in a way that even a recreational bettor who bet big enough in proportion to his deposits could have had a positive expectation over time and drained this book of money. Bet Islands was in affect a sort of ponzi scheme, maybe not intentionally so, but there were elements of it in place. It was a book with great customer service, but terrible risk and financial management. SBR has to start rating books based on the quality of the management, not just simply whether or not they have made prompt payouts and are friendly and communicate often.
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  6. 12-25-12 01:15 AM #6
    Hankwins
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    what sports service can i use to become a "sharp" based on their plays. I wanna be banned from betting every book out there becuase i win too much.
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  7. 12-25-12 01:32 AM #7
    Bumble29
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    Quote Originally Posted by Hankwins View Post
    what sports service can i use to become a "sharp" based on their plays. I wanna be banned from betting every book out there becuase i win too much.
    there is only 1 RAS
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  8. 12-25-12 01:57 AM #8
    Hankwins
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    "
    Quote Originally Posted by Bumble29 View Post
    there is only 1 RAS
    i see RAS has CBB at +26 units, what does the CLV stand for?
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  9. 12-25-12 02:51 AM #9
    Hankwins
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    Quote Originally Posted by amydacus3 View Post
    I've got quite a bit on him.

    i see blocked content what are you speaking about?
    Last edited by SBR Jonelyn; 01-15-15 at 12:44 PM.
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  10. 12-25-12 05:12 AM #10
    ProlinePlayer
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    Quote Originally Posted by Easy-Rider 66 View Post
    Most of the professionals are on the side of the House. If it were not this way, how could Vegas Sportsbooks stay in business?
    Actually, the way most Vegas Sportsbooks stay in business in with : slot machines, blackjack tables, crap tables and roulette wheels.

    My understanding is that the sportsbooks are mostly seen as a something to bring people into the building. From a profit/loss on floor space, slot machines would be better.

    PLP
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  11. 12-25-12 05:19 AM #11
    Easy-Rider 66
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    Quote Originally Posted by ProlinePlayer View Post
    Actually, the way most Vegas Sportsbooks stay in business in with : slot machines, blackjack tables, crap tables and roulette wheels.

    My understanding is that the sportsbooks are mostly seen as a something to bring people into the building. From a profit/loss on floor space, slot machines would be better.

    PLP
    Maybe so, but I just do not believe that there a large % of sharps winning at this game. A lot of people like to brag that they win in the long run and that they are Sharps. Don't think as many books would be in business if this was as easy of a game to beat like some make it out to be.
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