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11-28-2007, 11:12 PM
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#1 (permalink)
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SBR Sharp
Join Date: 11-11-06
Posts: 365
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Being a bookie
Say an acquaintance of yours is dying to find a bookie but refuses to play online.
What kind of bankroll do you need to take one persons action? Say the better is a $20 player and will go $100 for a big play.
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11-28-2007, 11:19 PM
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#2 (permalink)
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Founder (semi-unemployed)
Join Date: 07-12-05
Location: Texas
Posts: 6,404
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He could run that to about $1,000 or a little more if he got on a tear. Keep in mind for 1 guy you will do a lot of work. If he is that small he may have a figure +/- $100 each week. Thats a lot of work for a single c-note.
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11-28-2007, 11:20 PM
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#3 (permalink)
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Moderator
Join Date: 08-10-05
Posts: 40,718
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Booking one persons bets is rather pointless IMO.
I guess considering the wager amounts (20-100 a game), I would say 5 dimes would be more than enough to cover it. 
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11-28-2007, 11:21 PM
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#4 (permalink)
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SBR MVP
Join Date: 07-20-07
Posts: 3,239
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Quote:
Originally Posted by shrax4
Say an acquaintance of yours is dying to find a bookie but refuses to play online.
What kind of bankroll do you need to take one persons action? Say the better is a $20 player and will go $100 for a big play.
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If this person is a friend, the friendship will be over if you do this.
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11-28-2007, 11:22 PM
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#5 (permalink)
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Banned
Join Date: 11-16-05
Location:
Posts: 18,146
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God I miss Pinnacle.
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11-29-2007, 04:29 AM
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#6 (permalink)
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SBR MVP
Join Date: 04-08-07
Posts: 2,193
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I have booked friends action, while I'm still on speaking terms not one of them is close friends anymore. When they are winning all is great, when they lose you get I didn't bet $50 on that game, or I didn't do that.... it always ends up in problems. Don't do it.
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11-29-2007, 05:51 AM
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#7 (permalink)
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SBR Sharp
Join Date: 04-20-07
Posts: 493
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I agree it is a big mistake. You'll argue over lines and getting paid.
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11-29-2007, 06:20 AM
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#8 (permalink)
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SBR Hall of Famer
Join Date: 07-20-05
Posts: 21,323
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forget it
it is pennies anyway
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11-29-2007, 10:58 AM
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#9 (permalink)
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SBR Wise Guy
Join Date: 09-22-07
Location: USA
Posts: 735
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If you do this it is not a matter of if you will get screwed, but a matter of when you will get screwed.
If your friend doesn't want to find their own bookie or open up their own on-line account, then how do you expect them to pay you if they lose? If they win, and win big, you may end up with tax problems if the amounts get too large. If you start expanding and operate a bookie service through your account, you may have your account closed by the book itself. What will happen if the book has problems with delayed payouts?
If you really, really want to do this, IMO, better get the money up front and only take an occasional bet here or there, or you will be looking for trouble later.
GL.
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11-29-2007, 11:11 AM
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#10 (permalink)
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SBR Hall of Famer
Join Date: 07-20-05
Posts: 21,323
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Also if your friend wears a wire you can go to jail for 5 years.
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11-29-2007, 11:33 AM
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#11 (permalink)
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SBR High Roller
Join Date: 09-20-07
Posts: 207
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i wouldnt go that far JJgold, if a "friend" wore a wire they wouldnt be a freind and I would have no problem breaking that "friends" legs......... i know a guy that started taking bets from about 15-17 people on NCAAF and NFL (SPREAD ONLY) and he had 20,000 to start(maybe a little much but hes an old guy) and NEVER TOUCHED IT!!!!!UP FROM DAY#1
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11-29-2007, 11:47 AM
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#12 (permalink)
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SBR Hall of Famer
Join Date: 07-20-05
Posts: 21,323
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If the guy starts losing way too much money and cannot pay he may wear a wire and go to feds, I know what I am talking about here.
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11-29-2007, 11:54 AM
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#13 (permalink)
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VIP Moderator
Join Date: 08-02-07
Posts: 17,005
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Why do people refuse to play online anyway? I understand there are crooks out there but that is why you scope out a legit business. These are probably the same people who are afraid to use a credit card to make purchases online, but are more than comfortable handing one to a cashier making $8/hr. at a gas station.
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11-29-2007, 11:58 AM
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#14 (permalink)
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SBR Hall of Famer
Join Date: 07-20-05
Posts: 21,323
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Crazy we like getting paid in cash, no better feeling.
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11-29-2007, 12:03 PM
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#15 (permalink)
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SBR Wise Guy
Join Date: 02-04-07
Posts: 985
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jj that is why many books will pay you in MG or WU these days.
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11-29-2007, 12:55 PM
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#16 (permalink)
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SBR Wise Guy
Join Date: 04-16-07
Posts: 894
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Can you explain why he wont play on a legit and trusted site?
for 20 bucks to call a bookie every day and have to bother him to get paid, it just doesnt make much sense
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11-29-2007, 06:38 PM
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#17 (permalink)
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SBR MVP
Join Date: 04-08-07
Posts: 2,193
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If you do it here's the way you do it. You tell him you will pass on the bets to your book. If he loses you will collect from him on tuesday as you pay your book on wednesday. If he wins you pay him on thursday as you collect on wednesday. It'll be a pain in the ass but that's what I'd do.
What ever you do pay him always and make him collect on the proper days.
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11-29-2007, 06:46 PM
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#18 (permalink)
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SBR Sharp
Join Date: 11-11-06
Posts: 365
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