Dr.Mario wrote:
Spock wrote:
Dr.Mario wrote:
Ok,
In a perfect world, A bookie would get $1million on both sides of every game without the spread moving at all. That would give them $100k on each game. Back in the day, not really too long ago, the local bookies would move their line based on amount of money that was bet........Sometimes moving their line several points one way or the other. While other bookies may move their line several points the other way creating a middle.
Now, when the internet came out and Sportsbooks started posting their lines it became very easy to middle and scalp and basically day trade your way into wealth.......
It was way too easy back in the mid 90's all the way through the turn of the century. Plus the internet gave people a better source to study and research the bets they wanted to make. Making it by all intents and purposes a very "educated" guess.
NOW, the chances of balancing your amount of wagers on every game is almost impossible without hanging yourself out there for a middle. Like I said before, these original bookies either caught on or fell by the wayside......Now bookies rely on the fact that the average bettor has no idea what he is doing and
we make money on the ignorance of the general public........So that is how "those" at the top of the pyramid handle things now.......The biggest thing for the bookies now is advertising. Getting customers, that is the real art behind the bookie now.......Everything changes.....Boy do I miss the good ole days when this was easy...
So your whole pyramid thing would have to be in a vacuum with perfect conditions to work properly.........
So you're RICH then ? Who knew ?
And you're in the biz ? I would have thought you could have explained everything a bit more clearly,,,,, but whatever,,,,,
Boyd ?
Gary ?
Thoughts ?
So there was no insult of my post here? Yes I am in the business...No I am not rich, and what else do I need to explain? Were you clear on what you wanted to know? No......you were not. You made a statement about bookies that was absolutely not correct. So I tried to answer fairly and clearly to what you had posted before......Your arrogance stinks like your cologne that you wear for the girls.......If you leave your attitude behind and try to stop reading into my posts like you think they are a personal attack against you we might get somewhere here.
If you want me to explain something and be more specific and if can leave the sarcasm and the rest of your BS behind. As a gentleman I would be glad to explain anything pertaining to this business....I would even explain how I made my money before......Because with the right bankroll anyone could do this with the right work ethic.....And I have always told people I would be glad to teach anyone..... But you would have to ask for my references to make sure I am who I say I am......
Now if you wanna pick this post apart feel free.......But I openly made an offer to explain anything you may want to know about gambling and or bookmaking...... Ball is in your court......What matters is what you do with it now......Are you willing to prove you are interested in this and back up what you said or would you rather just keep up your bullshit attacks to feel cool from afar?????
You are so very vague,,,,, and all over the place. But I shall TRY to clear this up.
Yes, you offered to explain and yet, all this time, you haven't "explained" anything.
And, of course, you don't
have to explain anything, least of all why you're not rich, (and BTW, you're doing a GREAT job of it (not explaining that is
)), but most people *I* know, including myself of course, if confronted with an "EASY" way to make $$$ WOULD be rich.
YOUR words -
"Now, when the internet came out and Sportsbooks started posting their lines it became very easy to middle and scalp and basically day trade your way into wealth.......It was way too easy back in the mid 90's all the way through the turn of the century."Anyway, firstly, exactly what was "insulting" from the post of mine YOU quoted ? The fact that I thought you could have explained more clearly ? THAT is "insulting" ?
Well, HERE is why I said that. To MY post suggesting the bookies worked more or less as a broker, YOU posted
"Back when gambling did not have the internet, most bookies tried to have even action on both sides and make money on the vig. Nowadays, getting even action on every game or even one game is virtually impossible without making yourself vulerable to the "intelligent" gambler. Now you have to win some games.....which sucks and makes the booky business a lot harder than it used to be.
Back when people called their local guy who was sitting in a basement with the door barred shut it was much easier to get even action by moving your line. Now the old guys who used to make all the money have become obsolete. Computers and the internet changed everything....Now you have to rely on the fact that the average Joe knows dick about betting. "Now take another shot at explaining it. Or not. HOW did the internet "change everything" ? WHY was it "easier back then" to get even action by moving their line ? WHY can't bookies now make their commission by laying off excess bets to a "higher up" in the food chain ? NONE of these things did you answer expect for vaguely saying,,,,,, well,,,, blah, blah, blah.
Secondly, MORE vagueness. WHAT statement did I make about bookies that was totally incorrect ?
Thirdly, MY "arrogance" ?
Fourthly, what exactly do I need to "back up" ? Where did I make any "factual" statements that contradict YOURS ? I gave an explanation of MY understanding of how the lines were made and WHY they're made the way they are and how the books make their $$$.
And in your first post quoted HERE you again repeat the same statements, which I HIGHLIGHTED and you STILL didn't answer. "It was way too easy back in the mid 90's all the way through the turn of the century", "we make money on the ignorance of the general public", blah, blah, blah. Just lots of noise without ANY clear explanation(s).
And you explained what again ??? Oh, right. It's harder now with the computers.
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