Lets say a lousy book takes in $20,000 in bets...makes 3k profit

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  • winkyyy
    SBR Wise Guy
    • 08-05-19
    • 578

    #1
    Lets say a lousy book takes in $20,000 in bets...makes 3k profit
    pays 2000 operating fees expenses...


    Profit $1000 for owner...


    If he stiffs/slo pay/no pay another $2000 he has now made $3k


    and that is how its done...


    a % of the players may not get the quick pay
  • Optional
    Administrator
    • 06-10-10
    • 60727

    #2
    If you think a bookmaker earns 15% profit of turnover, I don't think you know how anything is done.
    .
    Comment
    • Foxx
      SBR Hall of Famer
      • 05-25-11
      • 5825

      #3
      Just when you think this guy couldn’t get any dumber, he somehow manages to pull it off.
      Comment
      • winkyyy
        SBR Wise Guy
        • 08-05-19
        • 578

        #4
        Last 2 posters are the dumb Phuc***

        Just an e.g.


        On "20k " wagers the profit could be a loss of say $60,000 @ +300

        or a $20k profit on alost wager....and everywhere in between.

        Don't be Fuc*** Doucheballs and knock every F**** post just to show how brilliant you are.


        $3k was used as an arbitrary number.


        You think every $20k churned is at -110?

        In this case we used 3k...PROFIT!....to make a point.

        Of course this does not equate to a 15% Profit on every transaction.


        Dont be Douchebags....and comment on the post....


        Don't need your imbecilic critiques.

        Go pork your sisters.
        Comment
        • jtoler
          BARRELED IN @ SBR!
          • 12-17-13
          • 30967

          #5
          Originally posted by Optional
          If you think a bookmaker earns 15% profit of turnover, I don't think you know how anything is done.
          I only make 4.5% what do others make?
          Comment
          • mtneer1212
            SBR MVP
            • 06-22-08
            • 4993

            #6
            Winkyyy has the crayons out again trying to do math. It's cute.
            Comment
            • jacksonstreet
              SBR High Roller
              • 10-19-20
              • 182

              #7
              Originally posted by winkyyy
              Just an e.g.


              On "20k " wagers the profit could be a loss of say $60,000 @ +300

              or a $20k profit on alost wager....and everywhere in between.

              Don't be Fuc*** Doucheballs and knock every F**** post just to show how brilliant you are.


              $3k was used as an arbitrary number.


              You think every $20k churned is at -110?

              In this case we used 3k...PROFIT!....to make a point.

              Of course this does not equate to a 15% Profit on every transaction.


              Dont be Douchebags....and comment on the post....


              Don't need your imbecilic critiques.

              Go pork your sisters.
              This guy just said "the profit could be a loss". Contradicted himself in his opening argument. Moron. Just remember that these people got to vote for our President.
              Comment
              • HedgeHog
                SBR Posting Legend
                • 09-11-07
                • 10128

                #8
                Originally posted by winkyyy
                pays 2000 operating fees expenses...


                Profit $1000 for owner...


                If he stiffs/slo pay/no pay another $2000 he has now made $3k


                and that is how its done...


                a % of the players may not get the quick pay
                If a Book has $2000 in operating expenses for a handle of $20,000 in bets, it has an unsustainable business model. It will go under sooner or later and stiff everyone.
                Comment
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