Risk management/maximum fund at sports book model?

[hazliam]

How do you handle how much maximum fund you carry at a sportsbook?

I am thinking something like the lessor of

1.5X their monthly withdrawal.
Or 4x their weekly limit.
Or 20X daily limit.

Because if a book starts slow playing or run into cash problem, you don't want to have huge amount of fund stuck while there is a run on the bank against them.

What model do you use if you have one?

 

[Wagerallsports]

Every bettor should think and plan according to your analogy

Unfortunately I personally don't

 

[slackerdude]

Hazliam how much do you have down at sportsbooks?

 

[hazliam]

Hazliam how much do you have down at sportsbooks?

Low 6 figures.

 

[Tuesday]

My model is to only use will established books or locals that have good record of not being slow paying out - the risk of being stiffed by a book should be the most important consideration before placing any bet.

Why bet if there is any risk of not getting paid? Might as well just air bet with ...

 

[slackerdude]

Low 6 figures.

You ask a lot of questions for a guy with that kind of money down.

 

[Tuesday]

You ask a lot of questions for a guy with that kind of money down.

Doesn't hurt to improve, the more money involved especially

 

[hazliam]

You ask a lot of questions for a guy with that kind of money down.

It’s good to ask questions, better to ask them before you run into an issue. But as a player I am net positive after bonus and rewards, but I have a load I don’t know or understand about the industry or even betting in general.

 

[hazliam]

My model is to only use will established books or locals that have good record of not being slow paying out - the risk of being stiffed by a book should be the most important consideration before placing any bet.

Why bet if there is any risk of not getting paid? Might as well just air bet with ...

I mean there are lots of well established that came and gone over the years. But I think most of them didn’t owe any money at the end. 5dimes, legend, thegreek comes to mind.

 

[slackerdude]

It’s good to ask questions, better to ask them before you run into an issue. But as a player I am net positive after bonus and rewards, but I have a load I don’t know or understand about the industry or even betting in general.

Yes, is good. Normally, it would be better to have the questions known before putting six figures down. But whatever works. Carry on.

 

[Tuesday]

I mean there are lots of well established that came and gone over the years. But I think most of them didn’t owe any money at the end. 5dimes, legend, thegreek comes to mind.

As well established as those books you listed are, they were never in the same class as any of the Las Vegas casino corporations or even Bet365 which is licensed in the UK - I never considered any of those books you mentioned in the same class as any licensed book.

Picking a book is like picking a bank, if you know banking regulations only insure up to $250G in government deposit Insurance, no point in putting more than that amount at one bank/book.