Cappers and Sportsbooks, My 2 cents
footballpix
Senior Member
My opinions, for what it's worth...
No honest 'capper would ever take a percentage of client losses as
compensation for referrals.
If a Sportsbook is your sponsor and your clients get bad lines from that
book, this could turn wins and pushes into losses. Multiple outs are
mandatory.
Most any book knows that most gamblers play games on their own as
gamblers generally have little or no dicipline. The arrangement that Royal
has with NorthCoast is likely based on the premise that even if Phil
Steele had a record winning season, the average gambler will stray from
the formula and play other games as well as parlays, teasers, etc. so that
whatever NorthCoast may win, the client will likely give back in stupid
additional plays and risky bets.
Sportsbooks are in business to be profitable as is every other industy in
the free world. Whatever the arrangement is with Phil Steele, you can be
certain that it was well thought out on both sides and provides some
benefit for both the book, such as in the previously mentioned reasoning,
and for Phil Steele in a wider advertising base and new clients.
For what it's worth, the only reason that makes sense to maintain
credibility is that a 'capper would sponsor a book that created his
website, such as SportsGuru or if the 'capper was paid a percentage of the
signup bonus or funding by the client. This takes the responsibility off
the wins and losses and puts it squarely in the business relationship of
Book and Handicapper. It is also important that the Book provides fair and
honest lines for all bettors and does not move lines based on the
Handicappers selections to the client database.
Thanks for reading.
No honest 'capper would ever take a percentage of client losses as
compensation for referrals.
If a Sportsbook is your sponsor and your clients get bad lines from that
book, this could turn wins and pushes into losses. Multiple outs are
mandatory.
Most any book knows that most gamblers play games on their own as
gamblers generally have little or no dicipline. The arrangement that Royal
has with NorthCoast is likely based on the premise that even if Phil
Steele had a record winning season, the average gambler will stray from
the formula and play other games as well as parlays, teasers, etc. so that
whatever NorthCoast may win, the client will likely give back in stupid
additional plays and risky bets.
Sportsbooks are in business to be profitable as is every other industy in
the free world. Whatever the arrangement is with Phil Steele, you can be
certain that it was well thought out on both sides and provides some
benefit for both the book, such as in the previously mentioned reasoning,
and for Phil Steele in a wider advertising base and new clients.
For what it's worth, the only reason that makes sense to maintain
credibility is that a 'capper would sponsor a book that created his
website, such as SportsGuru or if the 'capper was paid a percentage of the
signup bonus or funding by the client. This takes the responsibility off
the wins and losses and puts it squarely in the business relationship of
Book and Handicapper. It is also important that the Book provides fair and
honest lines for all bettors and does not move lines based on the
Handicappers selections to the client database.
Thanks for reading.
Comments
I never have and never will profit from player losses at our sponsor
sportsbooks.
All sponsors pay us per client sign-up or by percentage of turnover.
Edward
this forum, Edward. Absolutely not my intent whatsoever...
Edward
shouldn't do it.
SG
looked at very closely by AG John Ashcroft. I thought some outfits in
Florida got fined for this, but I very well could be wrong.
The Attorney General in St. Louis is also going bonkers trying to crack
down on online gambling.