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How it works if the betting agency thinks it will be close or a draw they offer odds of $1.90 same for both teams .meaning 90 cents back for every dollar bet.now if a person come in and bets big money say $1000 they will lower the odds for that team and raise the odds from $1.90 to $2.10 for the other team
If they get too much on one team they can lay off with another bookie. This has the effect of evening up the amount bet on the two options overall. It's a dark art but overall they clean up, as evidenced by all the ads and sponsorships.
Yes I have a mate who takes those bets very hit and miss can win big
Back in the 1960's had an uncle in Dorrigo who was an SP bookie. In those days before automatic telephone exchange.Used to have a line kept open to a bookie in Sydney so he could off load bets if needed.
SP bookie?
Starting Price Bookmaker. Term given given to then illegal bookmakers who largely operated in pubs and clubs when there were no in-house tab facilities. They largely became obsolete once pubs and clubs started having in house Tab
I have heard of the term before, I was unaware that they are illegal. Thanks.
You wouldn't be living in England by any chance?
