- Joined
- Mar 22, 2006
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Vig is necessary for the books to profit. It's a hypercompetitive market. Bettors can switch books if they don't like the vig. 5D and Pinnacle have low vig and that's one of the main reasons they are popular.
Foolish people make bad investments all the time in the financial industry. Even smart people do it. Regulation is not free. Taxpayers fund it, and ham-handed regulation creates compliance costs. These costs are often passed onto the consumer.
Some books do that, others don't. To my knowledge, Bookmaker and Pinnacle don't do that.
Not really. Bookmaker and 5Dimes are two of the best books around and they are effectively unlicensed. Same went for Pinnacle until recently. I've been able to work out special treatment with management of these books which would be impossible at Pinnacle or any other regulated book.
You just got trolled by strectharmstrong. No one is that dumb. Politicians are more corrupt than bookies. No need for degenerate pot bellied pedophiles to get control of books.