
Illegal bookies base their lines (“money lines”) and spreads (“point spreads”) on calculations made by actuaries for Vegas casinos. These lines and spreads represent a handicapping that expresses which team bookies think is more likely to win. In the days and hours leading up to a game, bookies adjust their lines and spreads to account for the bets (“action”) in their books, fluctuations in the Vegas numbers and any other unexpected events that could affect the outcome, such as player injuries.There are many ways to use a bookie, but most customers stick to a few basic kinds of bets. To take this year’s Super Bowl as an example, when the Broncos were the obvious favorite leading into the game, the money line was set at Seattle +110, Denver -130. If you wagered $100 on Seattle and they won, you would get your $100 back, plus an additional $110 (minus the bookie’s “juice,” or commission, usually set at 5–10 percent). If you took the line on Denver instead, a $130 wager would net you only $100, but you would see the return of your $130 (less the bookie’s juice). But you also have to consider the point spread, which was set at 2.5 for this year’s Super Bowl. If you bet on Denver, you would need them to beat Seattle by more than two and a half points for it to count as a win. On the other hand, if you backed Seattle on the spread, you’d need them to lose by fewer than two and a half for your wager to become a winning ticket. Finally, on a “total wager,” gamblers bet on the total points scored by both teams combined. In this year’s Super Bowl, the “over-under” was 47.5, meaning that a wager on the under would pay off if the total points scored by both teams were fewer than 47.5. (This year the over was the winning bet, since the total point score was 51.)
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I shrugged.“I grabbed a fork and stabbed him in his fucking eye, is what I did. You have any idea how difficult it is to poke an eye out?”I told him I had no idea.“Neither did I, but it is.”Before I started hanging out with Dom, I assumed the world of bookmaking would be violent. But it isn’t, on the whole. Physical violence is very rare, and for the most part, the day-to-day is all about proving whose dick has the most swing. Maintaining control over the clerks, making the most money, not letting degenerates and sharps bankrupt the office, and making rivals look impotent are the bulk of the job description. Sometimes, when Dom made mistakes in setting adjusted lines, his unofficial head clerk, Sammy, would take great pleasure in announcing losses the wire room was taking on a game in play: “You see that field goal? That just cost the house $50,000, and it’s only the first quarter!” Despite their occasional quarrels, Sammy and Dom maintained a close friendship for many years until Sammy retired to Mexico. Even now, in retirement, Sammy occasionally returns to New York to help Dom out.
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