For bookies there is nothing more frustrating than having to chase their losing sports bettors around to collect their hard earned money. Most sports bookies will settle their weekly figures on Sunday or Monday night and they will begin to make their weekly collections rounds every Tuesday.
Most bookies are overly cautious individuals and some are even a little superstitious. A sports bookie won’t discuss anything over a telephone for obvious reasons. Bookies will normally plan out their collection route in advance and because he may be picking up large amounts of cash he will do his best not to drive erratic or in any way that will attract any unwanted attention.
Over time, bookies develop a keen sense of awareness and can anticipate which of their players that they might have problems collecting from. Although the majority of bettors will pay their sports bookie in full, it seems every week without fail that there are always a few deadbeat bettors that the sports bookie needs to chase down in order to get paid.
On players like that who are sometimes hard to collect from, bookies need to get creative a walk a fine line in order to keep them playing and keep them paying. In the end it all comes down to risk management. Sports bookies must know their players, extend the proper credit line, limit them correctly and also have an overall Idea of what they can afford to lose on a weekly basis!
On the other side of the coin the best way for a sports bookie to quickly make a name for himself is to always pay his winning players on a right on time! Remember good news travels fast, but bad news travels even faster! So a sports bookie that is looking to grow his local bookmaking business and make a name for himself can’t afford one single misstep when it comes to paying his sports bettors!
A sports bookies motto is “fast Pay make fast friends.”
