viewtopic.php?f=44&t=1420&hilit=heat
read this indictment. Perna's are some of the biggest in tristate
here is what I posted about it
Someone should post this in the general forums. This is such an important document cause it tells you exactly what it's like. Exactly. A couple things I took away. They made a lot of money but not as much as you'd think.
Joe M Pernas perspective. The guy they say is running it.
Whatever the take is multiply it by 4-7% depending on sport. That's what you're likely to win. Divide it all in half now cause the agents are on a half sheet per this report. $5-$10 for every player each week for the PPH. 5-10% for the runners. Uncle Matty and Uncle joey D get there taste. 20% goes uncollected and that's conservative. Then cut it all in half cause he's splitting it with Mike Cetta. Great money but not what media and LE make it out to be. 100k worth of bets in one day you hope to win 5 (before expenses) Hell you may lose. If you don't have long paper,you won't make it for all the reasons above. These kids now never answered a phone. Never wrote it down. They think you wake,up and check the bottom. Don't work like that. These guys were calling every hour checking it out. One guy was betting sharp plays before the line moved and Joe P was all over it. Cut his limits and wanted to know where the plays were coming from so he can bet them. I'm surprised these guys were so lax on the phone. Had to know they were being watched.
I meant to write whatever the handle is the take away is usually 4-7 percent. On average.