madjack help

[PBRmeASAP]

I wouldn't take the action solely on your dime.

I'd hedge if possible or deposit into an offshore like others suggested.

I was booking bets thru my guy for a friend and forgot to include bet that turned out to be a winner. I ate that game and then decided I would take his action hoping it would even out, and the all of a sudden he's on like a 7-1 hot streak and I'm out a $1500.

I've also had a situation where I was betting with a buddy thru a friend's guy (my friend is a degenerate gambler/poker player...who we tell has a problem but he doesn't care) anyway...we killed in the last NCAA tourney hitting like 70% and won like $1200. Turned out he was booking the action with his bookie, but then decided to take the action himself without our knowledge. Pay day comes around for us and we think we're getting the money and he then admits to us he is broke and can't pay us and he took all the action. He's now unemployed and I still haven't seen the money. :facepalm:

That was it for me when it came to being friends with that guy. He puts gambling above the friendship and that's just not right.

Anyways....point being....unless you're totally willing and prepared to book the action, don't do it because it never turns out well in the end.

GL with your decision :0074

 

[carp]

here's another idea:

1) keep his action
2) talk him into the green bay total thus giving him 2 morning games and 1 afternoon game
3) bet a two team $400 parlay the same way he bets the morning game (gb + gb over)
4) if he's 2-0, you've hit a $400 2 team parlay (+1040) and you can hedge the late game straight up or let it ride (a $960 loss or $1440 win)
5) if he goes 0-2/1-1 he's down 400 and you're even

I liked this idea at first. Then I thought, what do you do if the early game side and/or total is still in doubt by the afternoon kickoff? :shrug:

 

[Full court press]

Used to hold my bosses action. He was good for an easy 5K just about every football season for 7 years. Just make sure you can afford an occasional hit. If he just bets parlays and teasers he will lose in the long run, there is no doubt about it.