Is this how Sportsbooks Really Operate? - page 3.

Aanuoluwatofunmi

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Quote from: Davidvictorson on December 28, 2024, 03:16:59 PM

Is it true that a well-run sportsbook does not care who wins or loses, because they're just are paying you with the losers money not theirs? I find this hard to believe because they are a business and should have some money somewhere for payout. waiting to read your opinions

I don't believe on this, because to start a gambling business, you need money to do so, not only that, there is need for another backup fund to maintain it running's, same will it be when you first started and the first sets of gamblers that bet won and you have nothing to do than to pay them, even though for the advanced ones, they might have enough money that they keep in rotating within the gamblers fund for those that win with those that are loosing.

Quote from: Davidvictorson on December 28, 2024, 03:16:59 PM

Do you believe that successful sportsbooks focus on balancing the payout odds versus the bets on each side of the ledger, rather than caring about winners in sports books?

I may not know much on these since am not a sportsbook operator neither have i participated in any, but we all work by what the people are saying regarding it, only the experienced ones should have something to say regarding this.

Quote from: Davidvictorson on December 28, 2024, 03:16:59 PM

Is it true that when a sportsbook limits your bet size, it’s because they anticipate rapid changes in odds and want to avoid taking unnecessary risks?

I may go with this by saying yes, they try to set a limit in other for them to restrict the gambler from going beyond their budget.

Lida93

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Quote from: Davidvictorson on December 28, 2024, 03:16:59 PM

Is it true that a well-run sportsbook does not care who wins or loses, because they're just are paying you with the losers money not theirs? I find this hard to believe because they are a business and should have some money somewhere for payout. waiting to read your opinions

I have once thought about this once but not sure about my conclusion about what I think about them meeting up with payouts whether huge or small amounts. But I do believe that for a well established sportbook that have gained popularity with large user base then it's safe to say that it can be true about paying winners from losers money with the high ratio of losers to winners in every gambling day.
It's for newly developing sportbook that are in their building phase that would have to worry about keeping money somewhere to cover for any huge win since their user base isn't yet big and players losses to the sportbook can't be sufficient to cover for huge winnings.

ryzaadit

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Not true.

If they not care about losing and win, they will play a someone who are doing "arbitrage" system on the sportbooks. Did you want to know, sportbook having some limited bet size you can place (In case you're new).

Plus, they are restricted any user/player are really advantage player. Limiting the bet size, is one of the proof they are also care and protected their income from advantage player.

Ndabagi01

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This could be true and I don’t really know how they operate and payout to their customers that win bet on their platforms. Giving limitations to some users when betting could be as some limits set on their accounts but who cares if they are really serious to make more money. The inability of customers to place more bet due to the fear of not having enough money to payout could also be a major reason to why your claim may be true. And if it happens to be true, there could also be that some of this games might be fixed ones and they already know that it is highly probable for them to win and hence the limitations set on their accounts while making bets.

Davidvictorson

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Is it true that a well-run sportsbook does not care who wins or loses, because they're just are paying you with the losers money not theirs? I find this hard to believe because they are a business and should have some money somewhere for payout. waiting to read your opinions

Do you believe that successful sportsbooks focus on balancing the payout odds versus the bets on each side of the ledger, rather than caring about winners in sports books?

Is it true that when a sportsbook limits your bet size, it’s because they anticipate rapid changes in odds and want to avoid taking unnecessary risks?

Topic: Is this how Sportsbooks Really Operate? - page 3. (Read 282 times)