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The Secret Life Of A Bookie

Not All the Big Bets Are on Wall Street
Marvin R. Shanken
From the Print Edition:
James Woods, May/Jun 97

(continued from page 9)

CA: The Steelers were the favorite?

Pete: They were the favorite. The early players took Dallas, they took plus three and a half. However, the smart money went on Pittsburgh. So we moved it to four and four and a half. All the late money came in on Pittsburgh, and they laid to four and a half. So now we have people taking plus three and a half and laying four and a half, and the game fell on four.

CA: So everybody lost?

Pete: Correct.

CA: That must have been like Christmas.

Pete: Santa Claus came that year.

CA: What happens when a customer calls on Saturday and wants to bet also on Sunday's pro games. Sometimes, you don't have the lines yet, and you don't get them until Sunday morning. What's that all about? Why can't a person bet sometimes until the day of the game?

Pete: Maybe at the particular time you called they were very busy with one sport. They'll just say they're busy to put you off. They get the lines as early as Tuesday.

CA: So people can bet Tuesday for Sunday's game?

Pete: Absolutely. You can bet every day, just like Vegas.

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