[dulm1204]

im quite about where does these books get all these $$$$$ to give for free with thier contest, bonuses ect. theres a contest by BetJamaica that gives thousands or sometimes even up to 1 million if the customer picks a certain amount of games right. my question is , how big is these books businuess wise, do they actually generate millions over the years in profits for them to give away $$$$ like that? im sure there are sharp bettors that take away some money from the books. and if u are a sharp and withdraw around like 2k a month , will the books boot u? maybe the books just close ur account and wont even pay u

[HeeeHAWWWW]

They do it to attract customers who will lose lots of lovely money to them.

Only something like 2% of gamblers win in the long run (and a fair chunk of those will be people who hit a freak huge parlay that leaves them in the +)

[tltaylor89]

They are trying to attract business

[Monk]

Bookies earn a lot of money, but they need to spend a lot for marketing. All these big books that are in red numbers have been there because of huge marketing costs. Bwin for example has an amazing customer base, huge profits every month. However they are in red numbers because of their marketing.

To earn 100k-200k during one match (live betting) is nothing special for relatively big bookies. I am not even counting the Asians here. If they offer those bonuses, they can afford them, don't worry.

[tblues2005]

I think it is a marketing thing also. They do have plenty of funds. They make a lot every year. They can afford to do it.

[andrew5]

yeah they make enough they did this weekend

[Peeig]

im quite about where does these books get all these $$$$$ to give for free with thier contest, bonuses ect. theres a contest by BetJamaica that gives thousands or sometimes even up to 1 million if the customer picks a certain amount of games right. my question is , how big is these books businuess wise, do they actually generate millions over the years in profits for them to give away $$$$ like that? im sure there are sharp bettors that take away some money from the books. and if u are a sharp and withdraw around like 2k a month , will the books boot u? maybe the books just close ur account and wont even pay u

For contests with large payouts for some speculative set of terms, they probably buy an insurance policy on the event in case it occurs.....so the 1 million that they are stating might not cost that much to them if it occurs

[moonbeam]

They do it to attract customers who will lose lots of lovely money to them.

Only something like 2% of gamblers win in the long run (and a fair chunk of those will be people who hit a freak huge parlay that leaves them in the +)

puh

[big joe 1212]

For contests with large payouts for some speculative set of terms, they probably buy an insurance policy on the event in case it occurs.....so the 1 million that they are stating might not cost that much to them if it occurs

If you win the big prize, they give it to you over periods of time (like the lotto). It is in the fine print of the contest.

[blix177]

They make money more than 1 way. The money you lose + interest on money you keep in the book. Just the interest would be a killer.

[GETMONEYKID]

from u noob