Wagering agents anyone?

[buckeyefan]

I keep having sports pick services call me soliciting. They always ask if I am betting offshore or with a local guy. 1 guy mentioned something about an "agent" service that (the way I took it) gets me qualified with a line of credit to wager with.

Has anybody ever used or heard of such a thing?

Thank you very much for your help and input!

[BangTheBook]

Yes my locals all use this now. Basically instead of a bookie answering the phone you will call an actual offshore sportsbook or can access it through the web. So its 24/7 betting and the bookies have no risk.

Basically they give you a limit say 3000. If you lose 3001 you are cutoff until the agent/bookie calls in and ups your limit or you pay down some of the debt. Its nice because you can bet any game anytime but thats also bad I guess if you have a high limit and bad run on the games.

Sportsbooks charge like 25-50 per player per month to let you use this service.

[GamblingInsiders]

It is actually called a Price-Per-Head system. It limits the Onshore Bookies exposure, and lets the bettor believe he is dealing with a much bigger and reputable operation. The Onshore Guy pays the offshore agent a fee per head, per week (in most cases) for having the offshore book take the bets, and keep track of them. The Onshore (local) bookie is soley responsible for collecting and paying out, but the offshore books keep track of the amount. Whether the Onshore Bookies clients Win or Lose, he still has to pay out the weekly Price-Per-Head (usually deducted from his pre-payed account - 2 weeks upfront per player is the norm, that I have seen.)

Hope this helps and clarifies it a bit.

GamblingInsiders