Normally, they will start to find students which is still in form3~form 5. Not only that, they also find college or university students to expand their business.
For example, they always attract students by teaching them how to earn commission money. Let’s say a team which is name Arsenal and it give 0.90 for his winning rate in website. Then student who has website can refer to the odds and open 0.80 to their friends. It means that it can earn 0.1. If 1 gambler wants to bet rm100 on arsenal and it win, that student bookie can earn rm10. All he needs to do is follow what team his friends want to bet and bet in the website. If 5 person bet RM100 each, it is RM500. RM500x0.1=RM50. This is the amount that student earn. In other words, it also called “water money”. Of course it is not ONLY 1 match in 1 day only. If student’s gamblers who can bet 10 above match, try count the “water money” that the student bookie earn.
For other local bookies who do not have the website, they also do in this way. If the website show Arsenal -0.7, they also can tell their gamblers are -0.8 or -0.9. Therefore, no matters gamblers win or lose, they are 100% earn. This is why bookies more and more popular nowadays.
Because of website need gamblers to deposit before they bet in website, majority of them choose to bet through local bookies. It is because they do not need to deposit any money if they want to bet. They just pay the money once a week if they lose. Besides that, some bookies allow some gamblers for late payment too. If they are not willing to pay, then local bookie will call the gangster line what you mention in post out and collect money from gamblers. Normally, in Kuching, if bookie call gangsters go to collect money, it is 3/7. It means that the amount collect, gangsters can get 30% and bookie get 70%. Some even 4/6 and only this two types. I heard it from my 1 friend who name “ahwei” who is bookie too. He says that it is Sarawak bookie rules. It is a reason that there are more gangsters nowadays.
In your 1st scenario.. Wad will happen if Arsenal loses?
ReplyDeleteQuoting from Philip, “What will happen if Arsenal loses?”
ReplyDeleteFrom my experience that I come across, the student bookie will earn commission no matter the punter, which is the so called “customers” win or losses. If they win, they can receive an amount of money from the bookie. On the other hand, if the punter losses, they will still receive a commission from the bookies because the helped to promote the “business”. This of course is something illegal and we are not encouraged to be involved in this. We can see from many other people’s experience where how can these activities lead to undesirable outcomes, and to some point it may be suicidal.
However, in my view I would like to add some points where there is actually punter software that helped punters to make money in the punting and sports betting game. This software helps punters to pick the sides that will most probably be winning. As according to Articlesbase.com, there is also a review and statement by someone who claimed that they have used the software and it is not a scam. What do you think?
In my opinion, sometimes there are also fake punters that are trying to influence other punters including their decision making on which side to pick for the match. Now they may give fake reviews on this software so that other punters will be deceived into purchasing it. What do you think? Does this kind of software really exist or it is merely just a scam? In my opinion there is no such software, as the odds of betting are 50% of losing and winner each. Sometimes there might even be scams such as match-fixing where there are third parties that are involved in control the results of the game, such as the incident in Italy, Europe a few years back which involved Juventus and Inter Milan and a few other clubs and as a result, they got relegated to lower division.
References:
Underground Punter Scam – I tried it, Articlesbase, Dec 01, 2009, last viewed 25 October 2010, http://www.articlesbase.com/online-gambling-articles/underground-punter-scam-i-tried-it-1528695.html