nick777 wrote:
For every $100 bet in your book you get $10-15 from the juice, i should get $3-5 of that
I do have turnover deals with several of the books I deal with – getting a tiny percentage (1%-2%) of their total action. That doesn’t pay out any more than rev share – but is more stable obviously.
Doesn’t that seem fair
Actually no it isn’t.
You know very well that they DON’T automatically make money on every bet – in fact the sports model is exactly like other net win models in casino.
While it’s true that bookmakers have an over-round (ranging from 6% to 15%) on odds – all that means is that IF they can get a balanced book within that threashold then the bookmaker will make a profit.
In reality, most sports betting will see one side heavily favoured over the other – which is what forces the handicap points start to move as bookmakers frantically try to balance the weight of money.
I do have turnover deals with several of the books I deal with – getting a tiny percentage (1%-2%) of their total action. That doesn’t pay out any more than rev share – but is more stable obviously.