3.0 out of 5 stars
Some good points, May 3 2011
This review is from: Book on Bookies: An Inside Look at a Successful Sports Gambling Operation (Paperback)
Decent book, some good points. The author or actually the bookie's cocky attitude really comes through in a majority of the book which I could've done without. Other than that it give a good starting point on how a sportsbook should be run although in 2011 it is pretty outdated.
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1.0 out of 5 stars
Out of date and inaccurate, Jan 9 2004
This review is from: Book on Bookies: An Inside Look at a Successful Sports Gambling Operation (Paperback)
"The Book on Bookies" is a manual on how to run a sports book in America. It must be noted that such an enterprise is illegal and carries various risk. The book constantly mentions large tax free income which adds tax evasion to your list of criminal activities.
My biggest gripe with the book is its deviation from factual and useful content. The "basics" chapter is riddled with glaring deficiencies - here are a few that I noted
(a) Book: there are no winning gamblers - truth: there are few winning gamblers, but the few winners can really hurt the bottom line
(b) Book: you cannot specify pitchers in baseball - truth: the standard way to book baseball is to offer listed pitchers
(c) Book: Dime line baseball is booked at -110 a side - truth: dime line baseball is booked at -105 a side
(d) Book: Soccer is booked without totals - truth: soccer is booked with totals, 2.5 being the most common number
(e) Book: Nascar is an easy money spinner - truth: Nascar is a sport where the lines are weak and the "wiseguys" can eat you alive
(f) Book: The "field" bet never wins in golf - truth: "No name" golfers are beginning to proliferate the winner's list at PGA and European golf tournaments
Aside from the factual inaccuracies, the book simply doesn't mention many of the important developments that have taken place in the bookmaking world. Important terms such as "beard", "middle" and "steam" are only mentioned in the glossary. Each term quite possibly deserves a chapter of its own. Finally, there is no mention of the ubiquitous "Don Best" screen, which governs the betting line from Vegas to the Caribbean. The way the author describes grading the wagers manually is almost comical.
The lack of professional writing skill is evident and the only thing that kept me reading to the end was the author's quirky sense of humour. My favourite line in the book is when he casually mentions "If you are going to be hiring someone to work with you in this business, you must...accept that at some time, he will probably steal from you". Although the author has a number of character flaws, this nonchalant attitude is something we could all use at times.
In summary I really cannot recommend this book to gamblers and especially not to anyone thinking of becoming a bookmaker!
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5.0 out of 5 stars
A glimpse into the secret world of bookies, Sep 11 2002
This review is from: Book on Bookies: An Inside Look at a Successful Sports Gambling Operation (Paperback)
This book makes for fascinating reading, and as far as I know is the only book of its kind, thoroughly explaining how a sports book is set up and run. It's written in an interesting, story-telling style that will hold your attention. You don't have to be a sports junkie to read this book; if you've ever bet on a game or wondered how bookies get rich, check it out.
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