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Thread Tools | Display Modes |
04-30-2008, 06:17 PM
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#1 (permalink) |
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SBR Sharp
Join Date: 04-04-07
Posts: 379
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Starting a Book?
A friend and I are considering starting up a small little book and get it going with about 10 clients going into the football season.
We are a bit reserved about the fact that most of our clients will be friends so we are considering telling people that we are just "working with someone" who lives up in the city. We would say this is my friend's Uncle who is known to be not the most fun guy to mess with. Our problem is attracting clients...I know some friends who gamble but not a ton. I have about 2-3 people who would place bets. I have another group of friends that would possibly want to place bets if I could offer them something their book doesn't. Perhaps a nickle line on every game? We are also trying to figure out how to set limits to start out slow and work our roll up. If most people are playing a bill a game, I would figure 2500 would be a decent roll to start up with? How do you guys handle phone calsl as well? I can't be available at all hours of the day, so we were thinking of setting up an email system that triggers a text message to our cell phones. A confirmation email would then be sent back within 2 minutes. |
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04-30-2008, 06:45 PM
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#4 (permalink) |
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SBR MVP
Join Date: 11-21-07
Posts: 4,134
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$10,000+ is my recommendation, and that's assuming your customers are pretty dumb.
__________________
2008-09 NFL Picks as of 10.6.08: 21-21 Record [50%] (+8.25 Units) 2008 MLB Picks as of 10.6.08: 264-298 Record [47%] (+35.03 Units) 2008 NCAAFB Picks as of 10.6.08: 11-15 Record [42%] (-19.87 Units) 2007-08 FINAL NBA Record: 218-192 Record [53%] (+90.94 Units) |
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04-30-2008, 07:07 PM
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#7 (permalink) |
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SBR Posting Legend
Join Date: 04-05-07
Location: the moon
Posts: 10,936
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can you take me as a client? my first wager 2.5k on kc bannister ml. you want to book it?
__________________
"But you can't have your dream without laying something on the line. The key is not to risk what you can't afford to lose. You might think you're different, but someday you gonna want more too. The quesiton is what are you willing to lay on the line." 钱 錢 argent Geld soldi お金 돈 dinheiro деньги dinero เงิน כסף, ממון raha λεφτά pengar danh từ money My Spreadsheet |
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04-30-2008, 08:21 PM
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#9 (permalink) |
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SBR Posting Legend
Join Date: 04-05-07
Location: the moon
Posts: 10,936
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bookmaking is illegal in the US. it could land you in jail.
__________________
"But you can't have your dream without laying something on the line. The key is not to risk what you can't afford to lose. You might think you're different, but someday you gonna want more too. The quesiton is what are you willing to lay on the line." 钱 錢 argent Geld soldi お金 돈 dinheiro деньги dinero เงิน כסף, ממון raha λεφτά pengar danh từ money My Spreadsheet |
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04-30-2008, 09:28 PM
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#11 (permalink) | |
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SBR Wise Guy
Join Date: 12-17-07
Location: Vancouver, BC
Posts: 924
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Quote:
I think it's risky. Wouldn't want to end up in jail. |
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04-30-2008, 09:32 PM
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#13 (permalink) |
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SBR High Roller
Join Date: 04-24-08
Posts: 215
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u wont go to jail... only way they would throw u in jail is if your an actually bookie taking anyones bets.. if u have ppl you know.. 10 ppl they cant do
 its like betting with friends.. ?? u wont go to jail dont listen to these ppl saying your gonna land in jail with 10 cleints that you KNOW
__________________
*My job is to provide you with winning picks! Forum Plays: 22-25-1 (+.45 Units) |
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04-30-2008, 09:44 PM
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#14 (permalink) |
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SBR Posting Legend
Join Date: 04-05-07
Location: the moon
Posts: 10,936
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if they can get computer records or written records of booked bets, that'll land you in jail. the only reason you can stay clear of the law is to keep all the booked bets in your head...then you're untouchable.
__________________
"But you can't have your dream without laying something on the line. The key is not to risk what you can't afford to lose. You might think you're different, but someday you gonna want more too. The quesiton is what are you willing to lay on the line." 钱 錢 argent Geld soldi お金 돈 dinheiro деньги dinero เงิน כסף, ממון raha λεφτά pengar danh từ money My Spreadsheet |
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04-30-2008, 09:56 PM
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#15 (permalink) | |
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SBR High Roller
Join Date: 04-24-08
Posts: 215
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Quote:
__________________
*My job is to provide you with winning picks! Forum Plays: 22-25-1 (+.45 Units) |
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04-30-2008, 10:12 PM
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#16 (permalink) |
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SBR Sharp
Join Date: 04-04-07
Posts: 379
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Picoman... thank you for the advice I know some people do get busted.
That said, what if all my records are on a website and stored in HDs that are in Costa Rica? Plenty of PPH companies make it so you don't have to have physical records ever! I dont know if that exactly protects you from the law, but I would imagine it'd make prosecution a bit tougher. You aren't technically giving anyone a line, taking any bets, or anything like that. You are settling disputes between a call center and a client. Hmm?  |
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