What happened at the meeting in CR?

[OLD MAN]

a 20 cent book cant move on air, because than they wont write any business, because most of the time their # will be higher than the 10
cent book.
ex.-if the 10 moves from 30/40 to 50/60
would the 20 move from 25/45 to 45/65
without taking a hit? the "real old timers"
will tell you that you shouldnt move the
line without taking a hit.

[reno]

If you believe Scott Shettler, who posts in this forum and who managed the Stardust for years, the books that move on air don't fare as well as those that only move on action. In an earlier post, he stated that the "dummies(read: other sportsbook) that copied (read: updated on air) our lines lost money." Meanwhile, the Stardust under Scott never had a losing month in baseball, even with a 10-cent line and Sam Brown making a mint because of his under-the-table deal with the supervisors.

[The Phantom]

Anybody else think this whole 10 cent /20 cent line issue will be like Y2K, not as much of a problem as the world made it.


The Phantom

[sterling]

We will be dealing a dime line in Baseball, as we always have.
Dan Lewis; Manager-Sterling Sports and Race

[Cashman]

Its only going to be a problem for the books going to 20cent line. They will lose tons of business during baseball season and will be begging for clients come football season. The bettor of 2000 is very well educated than in the past and will not be betting into 20 cent lines instead of 10. To do so would be suicidal. The smart bettors will stick to 10cent shops throughout the year.

[Birdman]

Just to let everyone know, this 10 cent line has no chance of sticking. I spoke to alot of the books that are going to a 10 cent line and several of them told me to call if I need something and if they need a buyback they will give me what I need. In other words they are going to work with the bettors and probably end up having a 10 cent line. If squares bury them on the favorites they will have no choice.

[DoggieStyle]

To compare the Stardust to any Illegal office would not be fair to anyone. Casinos don't have Stiffs, Splits, losing claims, not to mention the amazing amounts of idiot money being bet everyday (parlays). The Riv., Stardust, Mirage, Binions, and the Hilton? a monkey could have run them and made money!

[scott]

doggiestyle(are you the doggie or the dogger?)-Thats kind of abbusive to compare me to a monkey. I have a hunch you werent even old enough to get to the windows at the Stardust during the time Reno is reffering to. As an afterthought: When I took over in 1983 there were no computers. We did every job in the book by hand. You had to know your job. I see you are a ticket writer with a computer, of course. I got a guy I know could train a monkey to push those keys. Scotty

[bbuster]

Hey Dog - What book do you work at?

[reno]

Hey Doggie, our ol' buddy Looselines Polar--by the way, where the hell is he--who was as irreverent as any offshore linesmaker, even stated in this forum that the longer he worked in this business the more respect he had for the talent of many of the Vegas BMs and supervisors in the 80s. You got it backwards, the monkeys are the guys who update on air moves. Books like the Dust under Scottie and the Riviera under Jack Lysaught only moved on action. By any chance, do you work at a book that updates on air?

[thedevil]

Here's my 2 cents worth!

Between rent, clerks, telephones, advertising and the rest of expenses an offshore book with about 25 clerks goes for about a 100 thou a month. Meaning they have to win 25 a week to stay even. The average reader of this thread I don't think realizes that. Not to mention the half mill or so it cost to put the place together. These places are huge investments.

If a book wants to deal a 20c line that's his perogative. If a customer wants to play into a 20c line with them, that's their perogative.

Ten years or so ago, a bunch of NY books were getting killed on 6 and 10 point football teasers, they went to 5 and 9. The guys who dealt 6 and 10 wound up with a bulk of the tease business and wound up keeping the customers. The 5 and 9 guys eventually went back to 6 and 10. The same thing will happen to the 20c line unless everyone deals 20c and there is no one else to play with.

Come Nov or Dec when you see the same good# at 2 stores and you happen to be on the phone with 20c book (the guy you only give a play to if he has the absolute best #) are you going to hang up and risk not getting that # by calling the 10c book that you want to give that football play to. I don't think so.


THE DEVIL