The books don’t always win.
One four week stretch 10 years ago saw the gambling public have success like they enjoyed last Sunday in the National Football League. Ten years ago, a number of the casinos wilted with piled up losses and business managers suggested employing lower limits on wager amounts. Some books seemed to surrender that the public had the upper-hand that season by enacting lower limits on wagers they were willing to book.
The sportsbook manager I had the most respect explained his position this way, “The public has won four weeks in a row and their pockets are bulging with cash to wager. Why would I want to limit that? Does anybody really think the public is suddenly going to become winners? No way.”
He was counting on the gambling spirit … a factor that almost always ends with the bettors losing money.
The public has strung together two weeks currently that have the books on an unfamiliar losing streak against wagered money. Games the books usually win, exhibit ‘A’, the Patriots plus the points over the Dallas Cowboys, didn’t go their way last week. With more than 80% of the money backing the visiting and favored Cowboys, the underdog Patriots battled to overtime and won the coin toss for the extra period. The Patriots plus more than a field goal on the spread seemed nearly assured.
A Dallas stop and then touchdown when only needing a field goal to win, had the public collect on a very low percentage proposition.
When the public does win, as the book manager explained to me in verifiable numbers, they wager more in succeeding weeks. This usually leads to losing it faster than they made it.
To combat gambling tendencies, and produce a solid and verifiable profit margin, Qoxhi offers the Account Manager. Select one of the six money management strategies and set up your account based on a declared opening balance and selected method of wagering. On game days, click on the selections and the Account Manager will tell you exactly how much to wager on each game. This tool offers the user to adjust point spreads and vig to what they actually got when different from the default setting, which will always be the most readily available number before kickoff.
As important as the Account Manager is to generate a bottom line profit, only 23% of Qoxhi subscribers make use of the tool. The effort to click on the picks and learn exactly what amount to wager on each selection is not as attractive as betting what you want without clouding your enjoyment of the activity with rules.
Gamblers just want to have fun.
I’m not against fun, and those that choose it over structure have their reasons. Just like I have mine in suggesting most Qoxhi clients would benefit from utilizing the Account Manager.