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#1
10-22-05, 05:53 PM
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Well, everyone does, but in this case, it specifically comes from the winners, right? The losers bet and lost $1000, while the winners bet $1000 and only were paid $900 ($1900, counting their original bet).
As I see it, they took $1000 from both sides, but then only passed on $900 from the losers to the winners, keeping $100 in the process. Right? I would think they would want the betting to be as balanced as possible - not necessarily bet for bet, but in the long run. It should all work out for them provided they are making good lines. |
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#2
10-22-05, 06:05 PM
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Wow, I'm impressed. Most people mistakenly think the losers pay 10% juice because it is just standard that if you want a $100 bet and lose you owe $110 when in reality you wagered $110 wether you want to look at it like that or not.
Your description was right on. Initially, and it still holds true for small local bookies that they want equall action on both sides, or as close as they could get. Now though for the big guys and for Vegas books they just want as much action as they can get becasue they know most players are losers in the long run while the book basically has an unlimited bankroll to survive any potential short term loss, something most players don't have the luxury of.
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If aces didn't get cracked they would be writing books about me! |
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#4
10-23-05, 02:11 AM
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Of course it did. This is the second Penguinfan lock I've actually bet on. His picks aren't the problem - *I* am the problem!
Actually, I bet on Baylor too, so it's all good.... I'm 1-2 with the Penguin now. Hoping he posts his NFL picks soon. |
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#5
10-23-05, 09:57 AM
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Baylor came through so I think the running total is 7-3 thanks to the Crapitols not showing any sign of life whatsoever last night, I'm still scratching my head on that one, I mean how the hurricanes hang a shutout on anybody? WTF?
Couple 1-1 days in a row are a good example of variance in this game TP, 4-0 nets me $800 profit 2-2 loses me $80 or a -$880 siwng in this case, thats kind of swing is what makes this such a grind. Like I said, posted on here is 7-3, which of course I will take, which would be a profit of $350 for a $100 player, keep grinding........
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If aces didn't get cracked they would be writing books about me! |
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