Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Steve Lee who wrote (25204)	11/9/2002 9:10:59 AM
From: maceng2	Read Replies (2) of 74559

I used to work for a bookie (see profile). We made honest money from about 9% of the money betted. Never defaulted on a pay out, with a guarantee up to a million. (it's more these days, I'm talking more then 20 yrs ago) The government took another 8.5% for just sitting on it's butt as usual. I am happy to bet my money with those guys, as I am happy with my USA broker who takes a slice of each trade. By it's very nature, I do not trust a system that has no clear method of collecting regular profits. I know of other SI members who have used such a system though. Awaiting answers from pm.

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