Tweet
Originally posted by Curious:
Mickey:
As far as you saying that you couldn't squeeze out a profit "after expenses", since I don't have access to your records I can't verify the truthfulness of that remark, but it still doesn't ring true. Even if it was true, your expenses remain the same, and the small profit you say you were making helped to cover those expenses.
Mickey:
As far as you saying that you couldn't squeeze out a profit "after expenses", since I don't have access to your records I can't verify the truthfulness of that remark, but it still doesn't ring true. Even if it was true, your expenses remain the same, and the small profit you say you were making helped to cover those expenses.
Originally posted by Mickey:
CURIOUS,
BETCRIS does not discount any sport, period. The reason we don't discount is because it is come one come all, whether you are a wiseguy or a square. We work on a hold that is traditionally low compared to the industry because we accept all the sharp shooters and no one has ever been BOOTED (no pun intended) for winning. In other words, here is our numbers, play and get paid. Most people play into our store because our numbers move dramatically, especially at post. Most shoopers play here because they understand the value of a half point and that is the basic reason why you will never see a discount at CRIS.
CURIOUS,
BETCRIS does not discount any sport, period. The reason we don't discount is because it is come one come all, whether you are a wiseguy or a square. We work on a hold that is traditionally low compared to the industry because we accept all the sharp shooters and no one has ever been BOOTED (no pun intended) for winning. In other words, here is our numbers, play and get paid. Most people play into our store because our numbers move dramatically, especially at post. Most shoopers play here because they understand the value of a half point and that is the basic reason why you will never see a discount at CRIS.
BAR NONE!
NECESSARY FACTORS FOR THE COMPUTATION:
PLAYERS WIN %:6 WINS,4 LOSSES,60%
PLAYERS HANDLE:TOTAL AMOUNT WAGERED, 10 GAMES LAYING 11,000/10,000,TOTAL HANDLE 110,000.
THE COMPUTATION:
WIN PERCENTAGE x THE HANDLE= THE W.S.I.
IN THIS CASE:
.6O% X 110,000=66,000
THIS PLAYERS W.S.I. WOULD BE 66,000.
IT'S NECESSARY TO DEAL WITH THESE LARGE NUMBERS SO THAT IF A PLAYER COULD SUSTAIN A 60% WIN PERCENTAGE AGAINST HIS PLAY OF 1,100,000 HIS W.S.I.WOULD BE 660,000.
AND THIS HIGHER FIGURE WOULD REFLECT THE HIGH PERCENTAGE OF WISEGUY WORK IN AN OPERATIONS TOTAL HANDLE.
IF THIS DATA WERE AVAILABLE AND YOU COULD COMPUTE IT FOR EVERY PLAYER WITH A WINNING RECORD IN EVERY OPERATION YOU CAN GO TO THE BANK THE WISEGUY/SHARP INDEX WITH C.R.I.S. WOULD BE THE HIGHEST WITHOUT A DOUBT.
IF YOU WANTED TO BE MORE FINITE YOU COULD TAKE THE PREVIOUS THREE YEARS OF ALL THE SHOPS IN THE SURVEY AND COME UP WITH A YEARLY AVERAGE.
A MORE ACCURATE AND FAIRER BAROMETER YET STILL A CLEAR CUT INDICATOR OF C.R.I.S. HAVING THE HIGHEST W.S.I.IN THE BUSINESS.
YOU COULD ALSO DO THE EXACT SAME THING WITH THE LOSING PLAYERS FIGURE CALLING THAT FIGURE THE RECREATIONAL/PUBLIC INDEX (R.P.I.).
HOWEVER TO DO THIS YOU WOULD HAVE TO TAKE THE LOSING PLAYERS WIN PERCENTAGE OF 40% AND MERELY COVERT IS TO A LOSING PERCENTAGE OF 60%.
NECESSARY FACTORS FOR THE COMPUTATION:
PLAYERS WIN %:4 WINS,6 LOSSES,60%
PLAYERS HANDLE:TOTAL AMOUNT WAGERED, 10 GAMES LAYING 11,000/10,000,TOTAL HANDLE 110,000.
THE COMPUTATION:
LOSE PERCENTAGE x THE HANDLE= THE R.P.I.
IN THIS CASE:
.6O% X (-110,000)=(-66,000)
THIS PLAYERS R.P.I. WOULD BE (-66,000).
BY SUBTRACTING THE MINUS RECREATIONAL/PUBLIC INDEX (R.P.I.) FROM THE W.S.I. THAT FIGURE WOULD REFLECT THE CONCENTRATION OF THE WISEGUY/SHARP WORK IN A SHOP AND COULD ALSO DETERMINE IF THE SHARP/WISEGUY ACTION COULD BE OVERCOME BY THE EXISTING RECREATIONAL/PUBLIC WORK THAT EXISTS IN THE TOTAL HANDLE OF AN OPERATION.
THIS FIGURE COULD BE REFERED TO AS THE SHARP/PUBLIC BAROMETER (S.P.B.)
THE COMPUTATION:
AN OPERATION HAS TWO PLAYERS:
PLAYER A:
WIN PERCENTAGE x THE HANDLE= THE W.S.I.
IN THIS CASE:
.6O% X 1,100,000=660,000
THIS OPERATIONS W.S.I. WOULD BE 660,000.
PLAYER B:
LOSE PERCENTAGE x THE HANDLE= THE R.P.I.
IN THIS CASE:
.6O% X (-110,000)=(-66,000)
THIS SHOPS R.P.I. WOULD BE (-66,000).
IN THIS TWO PLAYER SHOP THE SHARP/PUBLIC BAROMETER (S.P.B.)IS COMPUTED AS FOLLOWS:
WISE./SH.INDEX - THE REC./PUB.INDEX=S.P.B.
IN THIS CASE:
660,000 - 66,000= 596,000
THE SHOP'S SHARP/PUBLIC BAROMETER = 596,000
THE HIGHER POSITIVE NUMBER REFLECTING A HIGHER CONCENTRATION OF WISEGUY/SHARP WORK.
THE HIGHER NEGATIVE NUMBER REFLECTING A HIGHER CONCENTRATION OF RECREATIONAL PUBLIC WORK.
AGAIN C.R.I.S.'S SHARP/PUBLIC BAROMETER (S.P.B) WOULD BE SECOND TO NONE AND BEAR OUT MICKEY OF C.R.I.S.'S CONTENTION ABOUT WHY THEIR OPERATION BY VIRTUE OF BEING AMONG, IF NOT THE LARGEST WISEGUY CLEARING HOUSE IN THE BUSINESS CANNOT FAIRLY BE COMPARED TO OTHER OPERATIONS.
REALITY
Comment