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How do bookmakers make money? 4everhung?
- Thread starter Nobledude
- Start date
S
Spartacus
Guest
I don't bet for real anymore
haven't in almost 20 years
I won,but it becomes too time consuming
weekends become black holes
of course back then all I had was US Today and Richard Bomze's "Sports Reporter"
haven't in almost 20 years
I won,but it becomes too time consuming
weekends become black holes
of course back then all I had was US Today and Richard Bomze's "Sports Reporter"
gotmilk
New member
Nobledude said:
Profit only happens if more people lose than win....regardless of odds offered.
Your average bettor takes the favorite more often than not.....which is why the house minimizes the odds on the favorite....and raise the odds on the underdog in hopes that more people will take a chance.
S
Spartacus
Guest
01-02-2006, 01:45 AM #18 (permalink)
Yoda
Member
Join Date: Oct 2005
Posts: 44
Yoda is on a distinguished road
Default two cents
I'm old schooled...
Sports Reporter when Richard Bomze was the man, was as good as it gets in NFL... Mort Olshan was decent at gold sheet...
Other honest cappers were texas sportswire and inside information... win or lose they stood behind their selections.
Today's cappers are like people on crack... no nothing of their trade, but will dazzle you with their B.S. marketing.
The reason you see so many cappers on one team. the marketing squads wait for a decent capper to release a contest and then the marketing begins and the contest is resold as one of their own...
the times they are changing...
a suggestion from an ole' timer in this business. learn about numbers and the effect they have on market place.
example... Florida started out -3 and Iowa was +125 on money line.
ALL cappers are coming with Iowa... By kickoff - Iowa will be -2 and Florida will be +110 to +118...
Those who played Iowa on money line from +115 to +125 and wait till kickoff and buy florida +110 to +118 has a built in WINNER...
Most people know nothing about numbers on games. those who learn will attain success oveer the long haul...
good luck
Yoda
Member
Join Date: Oct 2005
Posts: 44
Yoda is on a distinguished road
Default two cents
I'm old schooled...
Sports Reporter when Richard Bomze was the man, was as good as it gets in NFL... Mort Olshan was decent at gold sheet...
Other honest cappers were texas sportswire and inside information... win or lose they stood behind their selections.
Today's cappers are like people on crack... no nothing of their trade, but will dazzle you with their B.S. marketing.
The reason you see so many cappers on one team. the marketing squads wait for a decent capper to release a contest and then the marketing begins and the contest is resold as one of their own...
the times they are changing...
a suggestion from an ole' timer in this business. learn about numbers and the effect they have on market place.
example... Florida started out -3 and Iowa was +125 on money line.
ALL cappers are coming with Iowa... By kickoff - Iowa will be -2 and Florida will be +110 to +118...
Those who played Iowa on money line from +115 to +125 and wait till kickoff and buy florida +110 to +118 has a built in WINNER...
Most people know nothing about numbers on games. those who learn will attain success oveer the long haul...
good luck
S
Spartacus
Guest
I lifted that off a sports betting forum when I googled Richard Bomze
S
Spartacus
Guest
# Born: Nov. 21, 1937
# Residences:Lawrence, N.Y., and Palm Beach, Fla.
# Family: Wife, Diana, daughters Dana and Jennifer
# Fourstars Allstar is scheduled to stand the 1996 breedingseason at Coolmore Stud in Ireland
# Bomze earned a Thoroughbred Owners and Breeders Award asNew York's top owner-breeder in 1990, 1991, and 1993. He bredthe New York-based millionaire full brothers Fourstars Allstarand Fourstardave Compliance:Broadway Joan. Both runners havewon New York-bred championships and their dam has won honors asNew York's Broodmare of the Year
# Bomze is a major shareholder in Compliance. He purchasedBroadway Joan for $2,500 at a Belmont Park paddock sale
# Fourstars Allstar, who is raced with Philip DiLeo, won the1991 Irish Two Thousand Guineas to become the first U.S.-trainedrunner to win a European classic. In 1991, he was New York's Horseof the Year and repeated in 1994
# Fourstardave, who was raced with Bernard Connaughton, became the second New York runner to go over $1 million in earnings.He is a cult hero by virtue of winning at Saratoga eight seasons from 1987-94. He was retired this year
# Bomze is owner and president of Star Sports Corp. publishers.The company publishes American Turf Monthly and a newsletterand phone service named Sports Reporter, which makes selectionson pro sporting events. One of Bomze's first horses was the steeplechaserSports Reporter
# Bomze became involved with racing first as a writer, thenthrough a friendship with two trainers, brothers Leo and MichaelO'Brien. He has had horses with Leo O'Brien, no relation to Irishtrainer Vincent O'Brien, ever since
# Mrs. Bomze also races a stable of runners
# Bomze enjoys other sports, writing, reading, and doing charitablework.
# Residences:Lawrence, N.Y., and Palm Beach, Fla.
# Family: Wife, Diana, daughters Dana and Jennifer
# Fourstars Allstar is scheduled to stand the 1996 breedingseason at Coolmore Stud in Ireland
# Bomze earned a Thoroughbred Owners and Breeders Award asNew York's top owner-breeder in 1990, 1991, and 1993. He bredthe New York-based millionaire full brothers Fourstars Allstarand Fourstardave Compliance:Broadway Joan. Both runners havewon New York-bred championships and their dam has won honors asNew York's Broodmare of the Year
# Bomze is a major shareholder in Compliance. He purchasedBroadway Joan for $2,500 at a Belmont Park paddock sale
# Fourstars Allstar, who is raced with Philip DiLeo, won the1991 Irish Two Thousand Guineas to become the first U.S.-trainedrunner to win a European classic. In 1991, he was New York's Horseof the Year and repeated in 1994
# Fourstardave, who was raced with Bernard Connaughton, became the second New York runner to go over $1 million in earnings.He is a cult hero by virtue of winning at Saratoga eight seasons from 1987-94. He was retired this year
# Bomze is owner and president of Star Sports Corp. publishers.The company publishes American Turf Monthly and a newsletterand phone service named Sports Reporter, which makes selectionson pro sporting events. One of Bomze's first horses was the steeplechaserSports Reporter
# Bomze became involved with racing first as a writer, thenthrough a friendship with two trainers, brothers Leo and MichaelO'Brien. He has had horses with Leo O'Brien, no relation to Irishtrainer Vincent O'Brien, ever since
# Mrs. Bomze also races a stable of runners
# Bomze enjoys other sports, writing, reading, and doing charitablework.
S
Spartacus
Guest
http://online.wsj.com/public/article/SB116796079037267731-wjPu4ACcg5J5Qvjh05IYEI_Ooeo_20070112.html
that's a link to a recent wall street journal article
"The man who shook up Vegas"
he works 18 hours a day during peak season
sleeps in his office kind of shit for 2-4 hours at a time
that's a link to a recent wall street journal article
"The man who shook up Vegas"
he works 18 hours a day during peak season
sleeps in his office kind of shit for 2-4 hours at a time
S
Spartacus
Guest
PERFORMANCE PEAK?
Since 1999, Bob Stoll has recommended 658 bets on college football, or about 81 per season. Here are his results. (When betting against a point spread in Las Vegas, bettors must win 52.4% of their wagers to make a profit.)
YEAR WIN/LOSS/TIE %
1999 49-31-1 61
2000 47-25-0 65
2001 35-28-0 56
2002 49-44-3 53
2003 46-55-2 46
2004 55-34-1 62
2005 51-21-2 71
2006 45-34-3 57
Since 1999, Bob Stoll has recommended 658 bets on college football, or about 81 per season. Here are his results. (When betting against a point spread in Las Vegas, bettors must win 52.4% of their wagers to make a profit.)
YEAR WIN/LOSS/TIE %
1999 49-31-1 61
2000 47-25-0 65
2001 35-28-0 56
2002 49-44-3 53
2003 46-55-2 46
2004 55-34-1 62
2005 51-21-2 71
2006 45-34-3 57
Nobledude
Well-known member
Interesting..4everhung said:
"While they make money, Las Vegas sports-betting operations are not especially profitable. A typical Nevada sports book produces about $600 in revenue per square foot -- less than one-third of the revenue generated by slot machines or "pit" games like craps and blackjack. All told, sports books generate only about 1% of the state's gaming revenue. If they weren't such a draw for casino visitors, they might have been paved over by now."
I always knew that those damn slots make the most money for a casino,,
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