Cheech wrote: ↑Tue Sep 10, 2024 2:17 pm
The whole guy who cant pay gets sent to a loanshark is overblown. Does it happen? Sure. More than likely, no. @gohn
probably strictly a NYC thing at this point if it does happen ,
It rarely happens, most books will just take a payment plan, and the only time there laying off is on Super Bowl or another big event
Payment plans is what it is now. It sucks but that's what it is
I guess that sums up the original question I asked, which was how much do bookmakers rely on the vig payments of debtors.
Who are otherwise the main customers of loansharks in the 21st century if not degenerate gamblers? I understand legal payday lenders exist in New York just like anywhere else, and while their interest rates are stiff they're not quite usury.
Um. People that need loans are their customers
And the vast majority aren’t gamblers. You have a distorted vision.
The Perna’s fbi docs are all over this forum and loan sharking gets mentioned 0 times. That’s because its NOT prevelant!!!!!!! Youre driving me nuts saying the same thing. “But Guy Fatado said”. Jesus christ.
this is the most important sports betting document out besides the Perna Operation Heat doc. This breaks it all down. tell me what you see?
I see bettors not being able to pay. I see bettors not getting juiced via loan sharks. I see bookies acutally say if its a lump sum theyll take LESS. or if not theyll take the slow payments each week UNjuiced.
the exact opposite of your silly Guy Fatado argument.
Reminds me of when JD went at Bronx. You see how that worked out. One deleted all his posts and went away to start a new site (which is very good) the other still thriving. When will the nerds learn?
I will say that even down here in Elvis country there are bookmakers. No enforcement to speak of whatsoever and very little to no loan sharking. The threat is cutting the bettor off, and considering the relative lack of books compared to the Northeast, that's a big thing. I know of a guy that sold part of his bar just to settle gambling debts so he could continue betting. It's an addiction.
Snakes wrote: ↑Thu Sep 12, 2024 10:52 am
I will say that even down here in Elvis country there are bookmakers. No enforcement to speak of whatsoever and very little to no loan sharking. The threat is cutting the bettor off, and considering the relative lack of books compared to the Northeast, that's a big thing. I know of a guy that sold part of his bar just to settle gambling debts so he could continue betting. It's an addiction.
Nothing worse then being out of action for a gambler
"if he's such A sports wizard , whys he tending bar ?" Nicky Scarfo
Snakes wrote: ↑Thu Sep 12, 2024 10:52 am
I will say that even down here in Elvis country there are bookmakers. No enforcement to speak of whatsoever and very little to no loan sharking. The threat is cutting the bettor off, and considering the relative lack of books compared to the Northeast, that's a big thing. I know of a guy that sold part of his bar just to settle gambling debts so he could continue betting. It's an addiction.
Nothing worse then being out of action for a gambler
Snakes wrote: ↑Thu Sep 12, 2024 10:52 am
I will say that even down here in Elvis country there are bookmakers. No enforcement to speak of whatsoever and very little to no loan sharking. The threat is cutting the bettor off, and considering the relative lack of books compared to the Northeast, that's a big thing. I know of a guy that sold part of his bar just to settle gambling debts so he could continue betting. It's an addiction.
Nothing worse then being out of action for a gambler
We know this. The nerds dont
Don’t be too hard on gohn, he’s a good poster. There aren’t many of us on this board who have actually taken action. I started in high school and learned some hard lessons. I didn’t really do that well until my 20’s. Then I got a good job and didn’t need the headache anymore, though I still miss it.
Gohn, you’re comparing apples to oranges here. Philly under Scarfo had no competition. You either bet with an LCN bookie or someone paying them protection. You couldn’t just burn one book and go to another. They had the muscle to enforce juice on unpaid debts and violence was prevalent back then. You can’t get away with that today. Cheech is right that your best bet is to cut the guy off or come up with a payment plan that gets them caught up. They want to gamble more than anything. I found that the carrot is far more effective than the proverbial stick. A great example of this is Mastronardo brothers in Philly (well, the mainline). They had well over 1,000 bettors betting with them. If someone lost they simply cut them off and put the word out they were a deadbeat. They got caught with millions and walked away, because they didn’t use extortion or violence to collect.
Snakes wrote: ↑Thu Sep 12, 2024 10:52 am
I will say that even down here in Elvis country there are bookmakers. No enforcement to speak of whatsoever and very little to no loan sharking. The threat is cutting the bettor off, and considering the relative lack of books compared to the Northeast, that's a big thing. I know of a guy that sold part of his bar just to settle gambling debts so he could continue betting. It's an addiction.
Nothing worse then being out of action for a gambler
We know this. The nerds dont
Don’t be too hard on gohn, he’s a good poster. There aren’t many of us on this board who have actually taken action. I started in high school and learned some hard lessons. I didn’t really do that well until my 20’s. Then I got a good job and didn’t need the headache anymore, though I still miss it.
Gohn, you’re comparing apples to oranges here. Philly under Scarfo had no competition. You either bet with an LCN bookie or someone paying them protection. You couldn’t just burn one book and go to another. They had the muscle to enforce juice on unpaid debts and violence was prevalent back then. You can’t get away with that today. Cheech is right that your best bet is to cut the guy off or come up with a payment plan that gets them caught up. They want to gamble more than anything. I found that the carrot is far more effective than the proverbial stick. A great example of this is Mastronardo brothers in Philly (well, the mainline). They had well over 1,000 bettors betting with them. If someone lost they simply cut them off and put the word out they were a deadbeat. They got caught with millions and walked away, because they didn’t use extortion or violence to collect.
I said what I said. You just worry about paying me that hundo on Jan1. Hahahahaah. Write the check out to St Jude and send it to me via mail. Ill get u a po box.
Cheech wrote: ↑Thu Sep 12, 2024 8:45 am
Keep citing fucking Sonny Franzese and Guy Fatado. They arent even bookmakes. You’re completely lost. Im being nice because youre a good guy but your argument is completely wrong and really not even close to reality. Holy shit.
Ill show you thru court docs. One second. Im getting lunch.
It's not an argument. I'm asking questions. I'm sure you're right. You've always been a good poster and I have no reason to doubt you. As well, I'm sure that most gamblers in NY are not problem gamblers and that most bookmakers don't have the means nor the time to moonlight as extortionists or loansharks. But I doubt I'm the only one who was under the impression that gambling and loansharking in the Mafia are intertwined considering that it comes up so much in law enforcement and the media who report on it.
Cheech wrote: ↑Thu Sep 12, 2024 8:45 am
Keep citing fucking Sonny Franzese and Guy Fatado. They arent even bookmakes. You’re completely lost. Im being nice because youre a good guy but your argument is completely wrong and really not even close to reality. Holy shit.
Ill show you thru court docs. One second. Im getting lunch.
It's not an argument. I'm asking questions. I'm sure you're right. But I doubt I'm the only one who was under the impression that gambling and loansharking in the Mafia are intertwined considering that it comes up so much in law enforcement and the media who report on it.
You just wont give it up. You cited like 3 cases. 2 of which werent even bookmakers. What the fuck does guy fatado and sonny franzese have to do with bookmaking? You cited scarfo for christ sake. Just say you were wrong and go back to writing articles about tommy shots. Those were good.
Cheech wrote: ↑Thu Sep 12, 2024 8:45 am
Keep citing fucking Sonny Franzese and Guy Fatado. They arent even bookmakes. You’re completely lost. Im being nice because youre a good guy but your argument is completely wrong and really not even close to reality. Holy shit.
Ill show you thru court docs. One second. Im getting lunch.
It's not an argument. I'm asking questions. I'm sure you're right. But I doubt I'm the only one who was under the impression that gambling and loansharking in the Mafia are intertwined considering that it comes up so much in law enforcement and the media who report on it.
You just wont give it up. You cited like 3 cases. 2 of which werent even bookmakers. What the fuck does guy fatado and sonny franzese have to do with bookmaking? You cited scarfo for christ sake. Just say you were wrong and go back to writing articles about tommy shots. Those were good.
I'm not saying I'm right about anything? I'm not making an argument, I'm asking questions. I should've worded it better. If I'm the only person in the world who thought gambling & loansharking in the Mafia went hand-in-hand, then I guess I'm a retard. Is that the response you're looking for?
Cheech wrote: ↑Thu Sep 12, 2024 8:45 am
Keep citing fucking Sonny Franzese and Guy Fatado. They arent even bookmakes. You’re completely lost. Im being nice because youre a good guy but your argument is completely wrong and really not even close to reality. Holy shit.
Ill show you thru court docs. One second. Im getting lunch.
It's not an argument. I'm asking questions. I'm sure you're right. But I doubt I'm the only one who was under the impression that gambling and loansharking in the Mafia are intertwined considering that it comes up so much in law enforcement and the media who report on it.
You just wont give it up. You cited like 3 cases. 2 of which werent even bookmakers. What the fuck does guy fatado and sonny franzese have to do with bookmaking? You cited scarfo for christ sake. Just say you were wrong and go back to writing articles about tommy shots. Those were good.
I'm not saying I'm right about anything? I'm not making an argument, I'm asking questions. I should've worded it better. If I'm the only person in the world who thought gambling & loansharking in the Mafia went hand-in-hand, then I guess I'm a retard. Is that the response you're looking for?
No. Just that you're the only one in this thread that thought that.
But ill take it. Youre off the hook. Have a good night.
