by Johnny1and1 » Sat Aug 13, 2022 7:02 am
Booking is actually more lucrative after the introduction of legal sports book. And I suspect it's larger than some on here think it is.
Shylocking is another story. Depends on how it is done. Either a misdemeanor or felony. And always either first party or third party. The issue is the way conspiracy is defined, and the other issue is shylocking isn't the largest risk, extortionate credit transactions are.
Shy is often forced on guys trying to prove themselves. So let's say I live in the Midwest, which is a college football area. Let's say I made book. Let's say that was over 5 years ago so the SOL has run. Let's say heavy action comes in on the college home team as it always does, and I need to lay off and risk manage. Let's say rather than work and play in my home town, I worked in my hometown, but played in SoFla, which is NYC. Chicago is too close, and going out of territory is another situation that needs to be deftly handled. Let's say some one defines my laying off / risk management as making me an associate. Let's say I was asked how I was going to handle credit. Let's say I laid off enough that I could answer that question with a very complicated word. NO. Others can't answer that question this way. Because others are at the bottom of the pyramid and don't produce as much They are fodder. There is a lot of fodder, and this also serves to somewhat mislead.
But then someone higher up is running shy, and they work their way up. The FBI always works up, not down. Always. Then they have conspiracy, and based on what they have, they could have extortionate extension of credit. First party or third party becomes very important. Some get it, some don't.
A lot of discussion on here about "rules". The one I was taught was always be third party, or do as much of it by yourself as you can. Another unwritten rule is when you dodged the bullet, and had some money washed and saved, be done with it. I've read made guys can never quit. I know second hand (you could make an argument it is first hand) this is not true, and I know a guy they make money from, such as the example in this post, can quit. All of course speculation and fiction on some anonymous internet message board.
Booking is actually more lucrative after the introduction of legal sports book. And I suspect it's larger than some on here think it is.
Shylocking is another story. Depends on how it is done. Either a misdemeanor or felony. And always either first party or third party. The issue is the way conspiracy is defined, and the other issue is shylocking isn't the largest risk, extortionate credit transactions are.
Shy is often forced on guys trying to prove themselves. So let's say I live in the Midwest, which is a college football area. Let's say I made book. Let's say that was over 5 years ago so the SOL has run. Let's say heavy action comes in on the college home team as it always does, and I need to lay off and risk manage. Let's say rather than work and play in my home town, I worked in my hometown, but played in SoFla, which is NYC. Chicago is too close, and going out of territory is another situation that needs to be deftly handled. Let's say some one defines my laying off / risk management as making me an associate. Let's say I was asked how I was going to handle credit. Let's say I laid off enough that I could answer that question with a very complicated word. NO. Others can't answer that question this way. Because others are at the bottom of the pyramid and don't produce as much They are fodder. There is a lot of fodder, and this also serves to somewhat mislead.
But then someone higher up is running shy, and they work their way up. The FBI always works up, not down. Always. Then they have conspiracy, and based on what they have, they could have extortionate extension of credit. First party or third party becomes very important. Some get it, some don't.
A lot of discussion on here about "rules". The one I was taught was always be third party, or do as much of it by yourself as you can. Another unwritten rule is when you dodged the bullet, and had some money washed and saved, be done with it. I've read made guys can never quit. I know second hand (you could make an argument it is first hand) this is not true, and I know a guy they make money from, such as the example in this post, can quit. All of course speculation and fiction on some anonymous internet message board.