Most Money You Would Keep in an A+ Book?

jolmscheid · 08-14-11, 12:05 PM

As usual, thanks in advance for constructive help and insight!

Waterstpub87 · 08-14-11, 12:30 PM

I would be comfertable with 5 figures on Legends, Bookmaker or 5 dimes. Especially Bookmaker because they are used to handling that level of action.

jesuseatsnubs · 08-14-11, 12:40 PM

I'd be comfortable having high 5 figures close to 6 figures at Pinnacle .. but I usually don't wanna let my balance be more then $10,000

kostasgr · 08-14-11, 12:53 PM

Pinnacle of course but i do not know if i t s allowed to play at usa if you live there.

TryingMyBest · 08-14-11, 12:56 PM

Originally posted by jolmscheid

Hey guys...I was just wondering what the consensus is around here about how much money you would keep in a sportsbook? I believe it takes at least a $10,000 bankroll in order to make some good money each year if one is betting 1-3% per play...

Now is it safe to keep that kind of money in an A or A+ book like 5 dimes, Heritage, etc? The reason I ask is if one only keeps $1,000 - $3,000 in a book at any time, then one would maybe need to deposit multiple times if a cold streak occurs...

Thoughts?

Depends what you mean by "good money". The most you can expect with a 10K roll is about 11K a year. Good to some, crumbs to others

John Dough · 08-14-11, 01:47 PM

It's all relative. If one's BR and/or net worth is 7 figures, they should have a far higher risk tolerance as well as need/desire to keep a large balance than say someone with a $1000 BR and low-paying job. Kinda makes questions like these pointless.

Sawyer · 08-14-11, 02:42 PM

Advice: Don't keep all your betting bankroll in sportsbook(s). Keep some of the money in a seperate "bank"roll. Let's say your total betting money is 22k. Why keep the whole 22k at sportsbooks? Keep 10k at sportsook. If your bankroll gets low, you can always reload.

John Dough · 08-14-11, 03:06 PM

Originally posted by Sawyer

Advice: Don't keep all your betting bankroll in sportsbook(s). Keep some of the money in a seperate "bank"roll. Let's say your total betting money is 22k. Why keep the whole 22k at sportsbooks? Keep 10k at sportsook. If your bankroll gets low, you can always reload.

I don't necessarily disagree with your main point, but to play devil's advocate, here are a couple reasons you might choose to keep most of your BR in your sportsbook accounts (NOTE: this applies to US residents only)...

1. You are a high volume bettor who can easily have more than half your BR in action on a busy fall/winter weekend with so many sports going on.

2. It's hard to deposit large sums to some books.

jolmscheid · 08-14-11, 03:12 PM

Thanks for the insight so far guys....do any of you guys have your sportsbook account linked with your bank account for easier transfers back and forth?

Hareeba! · 08-14-11, 03:53 PM

Originally posted by John Dough

It's all relative. If one's BR and/or net worth is 7 figures, they should have a far higher risk tolerance as well as need/desire to keep a large balance than say someone with a $1000 BR and low-paying job. Kinda makes questions like these pointless.

Of course, this is the answer to what is a rather silly question.
Only as much as you need to meet your short term betting requirements.
US residents playing at offshore books probably have the need to leave more than that due to funds transfer difficulties and costs. But frankly if I were a US resident I wouldn't be playing at any of those places as I couldn't rate them A or better.

Hareeba! · 08-14-11, 03:55 PM

Originally posted by jolmscheid

Thanks for the insight so far guys....do any of you guys have your sportsbook account linked with your bank account for easier transfers back and forth?

for those books where I have funds in my home currency, yes
others are all linked to Moneybookers who pay direct to my bank account

crinkle · 08-14-11, 04:13 PM

The only way I could honestly answer your question is to tell you that nothing is safe at an online sportsbook these days. Doesn't matter if it's 500 or 10,000. Every time you put money in a book you should consider it gone. Of course it's not unless you get screwed by the book. A book is A rated today and then suddenly has a legal problem and your funds may go down the drain faster than taking the wrong side in a baseball game. Only risk what you can afford to never see again. Don't let anyone fool you into thinking these A plus places are the equivelent to a Bank. They're not!!

Legions36 · 08-14-11, 08:20 PM

Any A book would be good for any amount and why would u only want to use 1 why not use all of them if u can.

crinkle · 08-14-11, 11:20 PM

absolutely rediculous to think any A book is good for the money???? I would say Enron was regarded as an "A" american company and what happened? Gone out of business and all the shareholders were left with nothing and employees were left carrying cardboard boxes with all their belongings out the door on their way to unemployment line. I can't believe how many people think that an A book simply means no worries? Don't leave large sums of money online and you won't have to worry. It's all relative but 500 is a lot for me so I certainly wouldn't want to have that much ever at risk at these places.

jjones006 · 08-16-11, 10:59 AM

Originally posted by crinkle

absolutely rediculous to think any A book is good for the money???? I would say Enron was regarded as an "A" american company and what happened? Gone out of business and all the shareholders were left with nothing and employees were left carrying cardboard boxes with all their belongings out the door on their way to unemployment line. I can't believe how many people think that an A book simply means no worries? Don't leave large sums of money online and you won't have to worry. It's all relative but 500 is a lot for me so I certainly wouldn't want to have that much ever at risk at these places.

You would only leave $500 in a book? That is nothing

Jontheman · 08-16-11, 11:07 AM

Originally posted by jjones006

You would only leave $500 in a book? That is nothing

Everything is relative and to 95%+ of the world's population $500 is an enormous amount of money.

Anyway to answer the original question. 5 figures max in Pinny for me, but 6 figures in Betfair or TAB. Not that I'd generally need that, but who knows next world cup...

Dazs · 08-16-11, 03:03 PM

Little as possible, very easy and quick to deposit at bookies. Keep in it in the bank.