Quote:
Originally Posted by EmpireMaker2
Every agent has diff rules. I was wrong in saying that most have to cover both sides. That is what I believe is ethically right. I can assure you that most have deals where they are on the hook for something or won't be invited to continue if someone stiff. Why don't agents take take the bets because if they get reputable people they are making free money. Alot of agents are nits with small bankrolls who can't afford to be the bank.
I knew what u meant, I was just clarifying std practice in high % of what I've seen and known to be true. Most deals the agent is never on the hook per se but what happens is he has to make that $ up. Let's say as an agent u are getting 20%.
Player A loses 1k and doesnt pay
Player B wins 1k and he obv gets paid from the book.
The agent now has to have another one of his players lose the 1000 that goes to the bookie without getting his %. When he is at sum zero then and only then is he making $ again
Your bolded part is EXACTLY why most agents would NEVER vouch or take the risk to be on the hook