mkl654321
mkl654321
Joined: Aug 8, 2010
  • Threads: 65
  • Posts: 3412
November 27th, 2010 at 5:00:49 AM permalink
Quote: SOOPOO

Is this true? If I walked up to the MGM sportsbook with $5000 in cash and said i wanted the Bears plus 3 1/2 they would not take that action?
For major sporting events, does anyone know how much a book will take from a single bet?



Anything under $10K will be accepted with a smile at any major book. Some of the smaller books have a limit of $5K. None has a limit so small as $2K, except perhaps a satellite book,
The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality.---George Bernard Shaw
Mosca
Mosca
Joined: Dec 14, 2009
  • Threads: 172
  • Posts: 3390
November 27th, 2010 at 5:20:51 AM permalink
Quote: JerryLogan

There's no fear involved. I make very few sports bets in a season, and I only bet again when I collect any winnings. I keep the sports bankroll separate. Since two of my bets last week were made by a friend in Las Vegas and I made 3 of them on-line....and I've been away most of the week, I haven't collected anything as yet. Oh, if I had lost, there's no collection activity since bets are paid for up front. WTF??

Sportsbetting schooling for mkl: It's not easy making over $2000 bets on a game in LV sportsbooks. I don't think they take 25c bets either.



Thanks for the clarification, I think Doc had the right explanation, that your statement "if I do at all" modified the "I'm not betting again", not the "until I collect". As I said, I don't bet sports, so anything I write is worth what it cost to read. Thanks.
NO KILL I
Mosca
Mosca
Joined: Dec 14, 2009
  • Threads: 172
  • Posts: 3390
November 27th, 2010 at 5:24:22 AM permalink
Quote: thecesspit


I don't think it's a "lock", but I do think the better side is the +3.5 Bears.



Geez. Now see, my feeling is that the Bears aren't really all that good, and that the Eagles really are that good, and I figure the Eagles to win by about 14. But since I'm not betting.....
NO KILL I
Martin
Martin
Joined: Nov 20, 2010
  • Threads: 8
  • Posts: 149
November 27th, 2010 at 6:04:09 AM permalink
Quote: SOOPOO

Is this true? If I walked up to the MGM sportsbook with $5000 in cash and said i wanted the Bears plus 3 1/2 they would not take that action?
For major sporting events, does anyone know how much a book will take from a single bet?



The major books will take 5K on an NFL game - maybe not on Mother Teresa's School for the Blind and Gifted vs Little Willies Day Care and Detail Shop. But even if you were turned away what difference does it make? Take a 15 minute walk and bet $1000 at 5 different sports books.
JerryLogan
JerryLogan
Joined: Jun 28, 2010
  • Threads: 26
  • Posts: 1344
November 27th, 2010 at 8:21:23 AM permalink
Quote: Martin

The major books will take 5K on an NFL game - maybe not on Mother Teresa's School for the Blind and Gifted vs Little Willies Day Care and Detail Shop. But even if you were turned away what difference does it make? Take a 15 minute walk and bet $1000 at 5 different sports books.



I tried to make a $4000 bet at Sam's Town last year on a New Orleans game. They refused and told me there was a $2k limit. So rather than mkl making believe he knows everything again while never making such bets, I hope you have actual experience as I do. But I have not personally made bets at many of the "big" books. Do you consider Sam's Town a major book?
Martin
Martin
Joined: Nov 20, 2010
  • Threads: 8
  • Posts: 149
November 27th, 2010 at 8:43:30 AM permalink
I consider Sam's Town a "local's" casino - I like the place but I doubt it can afford large action or a single large loss - take yourself over to Caesars or similar. You can find four or five books within 15 minutes of there that will take all of the action you want.

I used to be a sports bettor - but after too many bad beats in the last quarter, last inning, last round I just gave it up. Also it seems as if you have to spend most of your time studying because lines these days are just too tight. When I do play now I mostly go for small parlays, teaser's, over/under, or, my personal favorite, the money line straight up (no points) mostly on a strong dog - the sort of low rent crap that keeps a body interested.
teddys
teddys
Joined: Nov 14, 2009
  • Threads: 150
  • Posts: 5431
November 27th, 2010 at 10:44:54 AM permalink
Quote: JerryLogan

I tried to make a $4000 bet at Sam's Town last year on a New Orleans game. They refused and told me there was a $2k limit. So rather than mkl making believe he knows everything again while never making such bets, I hope you have actual experience as I do. But I have not personally made bets at many of the "big" books. Do you consider Sam's Town a major book?

Considering Sam's Town is linked in with all the other Boyd casinos (all nine of them), yes, I would definitely consider it a major book. There are really only a few big books in Vegas, which all use the same line across their properties: MGM, Harrah's, Boyd, Stations, Cal-Neva, Leroy's, and South Point. Then you have the other independent books like Venetian, Wynn and Hilton that are also "major." The rest are minnows.

See here: http://wizardofodds.com/sports/sports_apx3.html
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
JerryLogan
JerryLogan
Joined: Jun 28, 2010
  • Threads: 26
  • Posts: 1344
November 27th, 2010 at 11:03:32 AM permalink
Quote: Martin

I consider Sam's Town a "local's" casino - I like the place but I doubt it can afford large action or a single large loss - take yourself over to Caesars or similar. You can find four or five books within 15 minutes of there that will take all of the action you want.

I used to be a sports bettor - but after too many bad beats in the last quarter, last inning, last round I just gave it up. Also it seems as if you have to spend most of your time studying because lines these days are just too tight. When I do play now I mostly go for small parlays, teaser's, over/under, or, my personal favorite, the money line straight up (no points) mostly on a strong dog - the sort of low rent crap that keeps a body interested.



OK. But I couldn't have made my $10k bet at a single casino anyway because I had a friend in Las Vegas make two $2000 bets for me after transferring my bank's max. amount to his. I'm not a big sportsbettor so it's not likely to happen again anyway.

BUT, for mkl and any other complainer that wonders why I did not bet the Chicago-Philly game: I checked and found my on-line wagers have been paid and are in my account. So I made a $1500 bet on Chicago when I really wasn't going to bet it. I am that sure it's a sure thing, but if I lose then I'm blaming 3 or 4 posters. I could also thank them if I win, but they ain't gonna get that.
Doc
Doc
Joined: Feb 27, 2010
  • Threads: 41
  • Posts: 6374
November 27th, 2010 at 11:51:28 AM permalink
Quote: JerryLogan

... But I couldn't have made my $10k bet at a single casino anyway because I had a friend in Las Vegas make two $2000 bets for me after transferring my bank's max. amount to his. ...

Off-topic question: What kind of (USA) bank limits how much of your money you can transfer elsewhere? And why? I know I have made a number of out-of-bank transfers larger than you are talking about using my BoA accounts. Recently they have, indeed, established a SafePass procedure that limits on-line transfers unless you take a couple of simple steps that assure you are not becoming a victim of on-line fraud, but I have never had them get in the way of legitimate financial transactions. Just curious about what you are encountering with your bank.
SOOPOO
SOOPOO
Joined: Aug 8, 2010
  • Threads: 89
  • Posts: 4002
November 27th, 2010 at 12:00:28 PM permalink
M and T bank. No problems with transfers approaching 30k. To a college... for just one semester... Talk about negative EV....

  • Jump to: