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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 10)

CA: Why do bookies' phone numbers change so frequently?

Pete: Well, for obvious reasons, we don't have a license. We wish we did. We'd love to pay tax, but unfortunately, we can't.

CA: Have you ever been raided?

Pete: Yes.

CA: How often does that happen? How do they find you?

Pete: A lot of people make very good money, they flash it around, high-roll it. It's kind of out in the open, and I guess it's obvious.

CA: How many times in your 25-year career have you been raided?

Pete: At least five times.

CA: When was the most recent time?

Pete: 1992.

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