Many handicappers take action. Even it’s just the other side of the game with a friendly wager between friends. But this my friend is in fact bookmaking or being a bookie. Back in the day, I was living a bookmaking dream in Las Vegas building my bankroll, taking action then using where I lived in Las Vegas and turning around and I would post up the money booking any bets I couldn’t cover from my personal bankroll.
Currently, because all the new legalized sports betting is the bookie game finished? I think not, because the “I’ll pay you Tuesday for a wager today” is alive and well. Back to my story, I still have friends paying me back on these silly deals, $5000 on the Super Bowl that didn’t go well… For them 😉 So I think the Bookies future is very secure.
Just like handicappers, I have seen many bookies get broke. Good bankroll management still applies.