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Las Vegas is not Disneyland, Part 2

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  • Las Vegas is not Disneyland, Part 2

    First, I would like to correct two errors in my previous post "Las Vegas is not Disneyland Part 1." (1)I grievously erred when I stated that the Horseshoe takes $100 on baseball totals over the phone. In reality, they do not even allow you to bet totals over the phone. However, all is not lost. If you walk into the sportsbook, they actually let you bet, as a testimonial to the late old man Binion, up to $100 on a baseball total. 2)I was wrong about Leroy's owner Vic Salerno completely retiring from his dental practice. If you are a consistent winner, Vic will be glad to give you a root canal, sans the novocaine. During the procedure, Vic will also play his favorite movie, The Marathon Man, while he drills into your dental nerves.

    Second, I will respond to some replies to my previous post. 1) Vinny, didn't I tell you not to lay heavy lumber? -2000 that I'm over 50 is a loser. Stick with live dogs. I'm 47.
    2) Shify Sheik, the best bookmakers are not necessarily the ones on Don Best. I see all kinds of fundamental bookmaking errors, which it doesn't serve my livelihood to elaborate upon, made by Don Best sportsbooks. However, I will give you a couple of examples of the fallibility of Don Best sportsbooks: Olympic is usually the first sportsbook on the Don Best screen to follow CRIS, which posts the opening line. One morning, CRIS, for some reason, put up the line for a morning Cubs game real early--around 7:30--before they posted the rest of their lines, which usually go up at around 7:50. Well, the line was obviously wrong by about 20 cents to anyone who knows baseball, and I nailed it for a few dimes. Sure enough, a few minutes after CRIS posted the bad line, Olympic, like the stupid follower they are, posted virtually the same line. Then, when CRIS subsequently realized they had put up the wrong number and pulled the bad line off the Don Best screen, Olympic immediately followed suit. Like a whipped puppy with his tail between his legs, Olympic, for several days thereafter, did not quickly post their betting lines immediately after CRIS. A second example: When the Don Best sportsbooks open their lines, it is obvious to this pro, by the way the books shade their opening betting lines, which bookmakers are sharp and which aren't. The sharpest offshore bookmaker, who the other offshore books follow, is no doubt Monty at CRIS, who posts the opening offshore line on the Don Best screen. In my estimation, none of the Don Best bookmakers, aside from Monty, is on par with the Michael Roxborough group, which has definitely improved over the years. 3) Maximum Value, truth be told, I hate the Nevada Gaming Control Board so much that I doubt if I can be objective about them. In fact, if I were to adress the members at a meeting, my advice to each of them would be as follows: "Esteemed member, when you return to your home tonight, immediately go to the bathroom and fill the tub with water. Then stick your head into the water three times but only remove it twice." Even back in the 80s, when I was in Vegas, the Gaming Contol Board was a Nazi-like organization that screwed serious sportsbettors with their actions and lack of actions. I can't recall everything they have done, but here is some of it:

    1) Back in the 80s, there were a few private sportsbooks in Las Vegas that folded and stiffed players. There was one downtown joint whose name I'm not sure of (was it the Hollywood?),and two along the Strip: Gary Austin's and Santa Anita. The real reason that all private sportsbooks--including a legendary one called Churchill Downs, were destined to fold was their inability to afford the televised off-track horse race feed that became available in the mid-80s.
    The exorbitant--many hundred of thousands of dollars a year from what I understand--cost to get this feed was no big deal to huge casinos, but was beyond the reach of private race and sports books. Without the feed, the race customers, most of whom also bet sports, migrated to the casinos so they could view the live race action. Anyway, Gary Austin, who owned and managed Gary Austin's race and sports book, was a degenerate gambler, who, as many people know, bet millions on a World series (was it the one between Kansas City and St. Louis) and lost because of a blatantly bad call by a first base umpire. Anyway, because of the loss, Austin's set up a fake robbery of his race and sportsbook, and used this as an excuse to close his establishment and stiff the players, me among them. The investigation was a farce, and Austin got off scot-free. The Gaming Control Board did nothing to help bettors recoup their losses and took no legal action against Austin. Then, if memory recalls, a few months later, Santa Anita, which was almost next door to Gary Austin's, also folded, and the day they folded they were booking so as to maximize their rip-off of players. Again, the Gaming Control Board did nothing. If they'd had any sense or decency, the Gaming Control Board would have immediately bonded all race and sportsbooks after the Austin fiasco. What they should have done, in addition, for good PR and for what would have been a micro-dot in the Nevada state budget, would have been to cover what players were owed. Eventually, under immense pressure,the Gaming Control Board did bond all race and sportsbooks.

    In the 80s, prior to Don Best or Data Broadcast Service (which is a Don Best competitor), I was a partner for three years in a large betting, middling, and money moving operation. We employed numerous runners at the major sportsbooks. Each runner had a Motorola radio and would report to us with each line change and make bets. Since we got the "steam moves" first by virtue of our moving big money for the right people, we were in the catbbird's seat for making money.(However, although I made great money, I was also stiffed for humungus amounts from private bookies, runners, and, most unfortunately, a partner who turned out to be a cheat.) We also used private Vegas bookies, which are illegal in Nevada, and one offshore account, CRIS, which at the time was simply called "the Island," and was located in the Dominican Republic at that time. (We would simply settle up with an agent every week.) Well, to make a long story short, the Gaming Control Board outlawed radios and cellular phones in sportsbooks, and that was the beginning of the end for our operation. The feds busted bookies we worked with, interrogated my partner, had agents tailing him, and even had a helicopter periodically hovering over his apartment. The message was clear: Organized betting operations would not be tolerated, and Billy Walters,the biggest fish of 'em all, especially, became a government target. I knew it was time to get out, and soon thereafter I headed to Caliente.

    At the time I was in Vegas there were two other major operations competing with ours. I knew them well, since I had worked for each of them and learned the ropes that way before starting my own operation. Don Bessett also worked as a runner for one of these operations before starting Don Best.
    One of our competitors, the one that had employed Don Bessett, got out of the business not long after we did. That left one major group, and that group, due to huge financing by an outside source that I won't identify, has thrived despite government pressure. Now,in their latest attempt to stifle this particular group, a law has been instituted that I believe, but won't swear to,(someone correct me if I'm wrong),makes anyone who bets more than $3,000 at a Nevada sportsbook fill out a form with their social security number and show proof of personal identity.

    The latest Nevada Gaming Control fiasco has been their inept attempt to prevent people from calling Las Vegas phone accounts from outside of Nevada--as if anyone other than the Nevada Gaming Control Board even cares. Prior to this year, someone with call forwarding to a Nevada phone could call a Vegas phone account from another state. But the Gaming Control Board has demanded that sportsbooks with phone wagering install equipment that identifies where a phone call originates from. Hence the end of the call forwarding strategy. The big problem is that the equipment doesn't work right. There are all kinds of people in the state of Nevada whose calls, due to the faulty caller identification systems used by the sportsbooks, are not identified as coming from within the state. A friend of mine who lives in Mesquite, Nevada cannot call his phone accounts. He called the Gaming Control Board. He told them that the law should be rescinded until the technology was ready to be properly implemented. He told them that it was unfair to punish him just to catch out-of state bettors who could just as easily bet over the Internet. They told him that it was illegal to bet over the Internet from Nevada and that it was tough **** that he couldn't call his phone accounts. The Mirage computerized betting system cannot deal with the ridiculous new law that the technology can't support. Thus, only people who live in Las Vegas can now have Mirage phone accounts...Yes, as I was saying, Las Vegas is not Disneyland.


  • #2
    Thanks again for the very interesting sports betting history lesson! Echoing someone else on this forum - you should write a book - I'd sure buy a copy!

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    • #3
      Reno, I remember about 10 years ago there was a little rinky dink shop off the strip called Little Caesar's. The place was a hole with 3 card tables some nickel slots, a 50+ year old ****tail waitress and a small time sportsbook.

      In reality the whole thing was a ploy though as it was essentially a front for the big sportsbettors who went there since the owner was known to never refuse a bet. I believe every year he would take several $1,000,000 bets on the Super Bowl.

      When I first went to Vegas with a friend (about 13 years ago), the owner of the shop (I can't recall his name) was talking to us along with a bigger bettor that was showing us around (a friend of my friend's)and the owner of Little Caesar's almost echoed your sentiments (and that was over a decade ago).

      One comment I do remember from him (which makes this post somewhat ironic) was when he said "I think they want to turn this city into another Disneyland as the big corporations like Hilton International care more about the kids than the bettors. Seems appropriat to me since this place sure is becoming Mickey Mouse."

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      • #4
        Hartley, Gene Maday was the guy's name and apparently he has since died. Maday seemed to be a nice fellow and his life was sufficiently interesting to warrant a biography. Maday once took a million dollar bet from Bob Stupek who took the Bengals plus 7 in a rare underdog losing, but covering Super Bowl against the Niners. Stupek returned the favor by giving Maday a crazy looking rocket car that Maday parked in front of Little Cesars. Maday also once owned the City of LA Yellow Cab franchise after the City had revoked the former owners' license for screwing the Teamster-represented drivers. Maday did the same things to the drivers that the former owners had done; the City revoked his franchise too; and Maday, according to him, won millions from the City in a civil suit over his property loss.

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        • #5
          You're right Doug. Thanks.

          When we spoke to him, he seemed like a nice enough guy. Bob Stupek on the other hand.. .

          True Story - On that first trip down we were given some coupon books (don't forget we were just students in 3rd year university), and one of the coupons was a promotion at Vegas World whereby you spent $399 and they gave you your choice of $600 in chips and $400 in slot play or $1,500 in slot play. Seemed like a good deal to us so the 3 of us decided to take them up on it. I opted for the chips and stock play the others opted strictly for the slot play.

          For your investment aside from the play you got some show tickets, hotel stay for 2 nights, a couple of baseball caps and a picture.

          Fine. Needless to say, there was a catch - the chips worked such that if you won - they would take the chips and give you real money. So if you bet $100 on the pass line in craps (for example) and it came in they would take the fake $100 chip and give you a real $100 chip in its place - so essentially you had $300 in chips.

          I decided to play it safe and put $300 on the pass line, $300 on the don't pass line and then put $20 of real money on the #12. My thinking was that for $419 I was guaranteed a return of $300 so I only needed to get $120 in the slots to break even.

          Fine. The pass came in, I got my $300 and headed to the slots with my $400 in coins (which of course weren't real either. You put them in and if you won it spit out real coins). When we got there we found out that you had to use the "special slot machines" that were set up. Needless to say these were the worst paying $5 slots where a cherry paid $2, 3 bars paid $20 and the largest return was three blue 7's for $500. The maximum play for any spin was $5, so you had to put in 1 at a time. I spun the wheel 80 times - using up the $400 and for all the spins I had 1 cherry for a $2 return.

          My friend then spun himself. 300 spins at $5 a pop and got nothing - not a cherry, nothing.

          Then the other guy spun and for his 300 spins got 2 cherries - a $4 return.

          So for a total of 680 spins we ended up with a total return of $6. Boy was I glad I went with the tables instead of just the slots. We already had a hotel room at the Flamingo, so we couldn't be bothered with that and the guy that was supposed to perform that night cancelled and they replaced him with Ray Jay Johnson (Ugggghhh!!! - No thanks!).

          We essentially walked out of there shaking our heads and laughing at the way we were taken.

          I wonder where Bob Stupek is now?

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          • #6
            Last time I was in Vegas, circa 1990, another guy gave me the same story, thou not in such elaborate detail, about Stupek's scam. Hartley, the ad Stupek used to run in Playboy sure looked good and I bet you saw it there too. Stupek, who used to bet about $50,000/day in baseball, later tried to build a rollercoaster or something on top of his hotel and went belly up before completion. I'm sure that he is still a lot richer than any of us posters are. Now, I just go to Reno where I'm a relatively big fish in a small pond, get treated a lot better, and the rooms and food are cheaper. I don't give a damn about the shows and other amenities that Vegas has that are lacking in The Biggest Little City in the World. I'm real happy to go to Cal-Neva and the Turf Club, both seedy joints that treat the bettor like king. I could live without some of the other patrons though.

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            • #7
              I knew Gene Mayday, the owner of Little Caesar's, fairly well. He was a true professional bookmaker who would take absolutely huge bets--up to hundreds of dimes-- from select clientele, especially Hollywood stars. I used to see David Hasselhoff(not sure of spelling)the star of Bay Watch at Little Caesar's all the time. Gene didn't care about bull**** laws and took plenty of bets from outside of Nevada. He introduced the penny baseball line to Las Vegas, and offered bets--such as teasers on NFL football totals--that no one else did. He would also take bets on game after they started. More than once I bet games with him after they had started and a team had scored. He would simple make a new betting line according to the situation. However, although he was reputedly one of the richest men in Nevada, he was an incredible cheap skate. He used to reuse his lunch bags to save money--and, no, it wasn't because he was a tree hugger, either; it was because he was CHEAP. He used to swipe pens from the Castaways, which was located where the Mirage now is, and put them out for his clientele. Aside from the Bob Stupak rocket car, he drove an old economy car, when he could have easily afforded a Rolls Royce.

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              • #8
                Reno,
                While I enjoy almost everyone's posts in
                this forum, I have to say that your posts
                are by far the best that I have ever read here at Bettorsworld.
                Keep up the tremendous posts. You are a
                breath of fresh air in the forum. This is not a knock on anyone else here. It is just stating as others have, that you are unbelievably knowledgable about the Vegas scene and a great read. Thanks for your posts.
                Good Luck,
                Groz

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                • #9
                  -
                  Last edited by Don Best; 05-02-2002, 12:58 PM.

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                  • #10
                    Reply to Don Best: Although I subscribe to your service, it is, in all honesty, a mixed blessing. First, any new sportsbook that joins your lineup will quickly become what I call a "clone joint." In other words, its lines will immediately begin to mirror the lines of the other books on your service. This is because wise guys who watch your screen all day will immediately hit any line that is the least out of whack and move it back to the "norm." Therefore, whereas my goal is to find trustworthy sportsbooks whose lines vary from the clone joints on your grid, your goal, as a businessman, is to get more offshore books on your screen. Thus, it serves no purpose for me to identify prospective "sharp" sportsbook clients that you may wish to contact and entice to joint your service. Regarding Olympic, I stand by my criticism of them. Putting up an early overnight line doesn't mean diddly squat. I'm sure they gets it from Feist or CSW. Bowman's puts up an early overnight line, which comes directly from Jim Feist, and Bowman's doesn't know the first thing about American sports. Let me ask you a question. If Olympic is sharp, and can make their own lines without aping CRIS, why don't they just leave their overnight line up straight through the night into the next day? Why, instead, do they take them down, wait for CRIS to open, then virtually copy their lines?

                    Also, a caveat: I would like to recant my statement that Monty at CRIS is on par with the Michael Roxborough group. It is now gradually becoming evident to me that the Roxborough group has moved ahead. It used to be that the opening Stardust line would immediately be bet toward the CRIS line. This is no longer happening. On games where Roxborough differs from CRIS, the offshore line is now more apt to move toward the Stardust line.

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                    • #11
                      Reno - thanks for all this, very interesting.
                      Let a few other people know about it to read, too.

                      Not being up on all the islands, etc., barring my own large one, where is CRIS?

                      Thanks,

                      AV

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                      • #12
                        CRIS/CARIBI is in Costa Rica.

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                        • #13
                          .

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