Question: What would be considered a large sportsbook?

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CabriniGreen
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Question: What would be considered a large sportsbook?

Post by CabriniGreen »

In terms of amounts wagered, as well as net profit, say in a years time frame?
CabriniGreen
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Re: Question: What would be considered a large sportsbook?

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I'm doing the next Chapter in the Scoppa book, and it's all about the sportsbook. Trying to get an idea as how big the Montreal book was, compared to one in NY or Jersey, or Philly...
Cheech
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Re: Question: What would be considered a large sportsbook?

Post by Cheech »

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.
Salude!
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Re: Question: What would be considered a large sportsbook?

Post by Cheech »

2.2 billion WAGERED in 15 months
Salude!
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Wiseguy
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Re: Question: What would be considered a large sportsbook?

Post by Wiseguy »

CabriniGreen wrote: Mon Nov 16, 2020 5:54 amTrying to get an idea as how big the Montreal book was, compared to one in NY or Jersey, or Philly...
Look at the numbers.

The Lucchese operation in Jersey took in $2.2 billion in bets over a 15 month period from 2006 to 2007 (and they don't even run the biggest operations in New York/New Jersey.)

In another Lucchese bust, among the charges was a sports betting operation taking in $400 million in bets over a 2 year period from 2007 to 2009.

The Philly operation out of the Borgata took in $60 million in bets over a 20 month period from 2006 to 2007.

The Montreal Platinum sportsbook took in $103 million in bets over a 4 year period from 2009 to 2013.
All roads lead to New York.
CabriniGreen
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Re: Question: What would be considered a large sportsbook?

Post by CabriniGreen »

Wiseguy wrote: Mon Nov 16, 2020 6:43 pm
CabriniGreen wrote: Mon Nov 16, 2020 5:54 amTrying to get an idea as how big the Montreal book was, compared to one in NY or Jersey, or Philly...
Look at the numbers.

The Lucchese operation in Jersey took in $2.2 billion in bets over a 15 month period from 2006 to 2007 (and they don't even run the biggest operations in New York/New Jersey.)

In another Lucchese bust, among the charges was a sports betting operation taking in $400 million in bets over a 2 year period from 2007 to 2009.

The Philly operation out of the Borgata took in $60 million in bets over a 20 month period from 2006 to 2007.

The Montreal Platinum sportsbook took in $103 million in bets over a 4 year period from 2009 to 2013.
I plan on posting the next chapter tonight. If you feel like, check it out. You will see why I asked the board the question first. Hopefully it will generate some good discussion. Thank for the reply, guys like you, Cheech, you guys follow the sportsbooks closer than I do...

Wanted an informed opinion before posting.....
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