Quote:
Originally Posted by Aquarian Sports Cards
Betting with a bookie 101:
You aren't putting up any money up front. Money doesn't exchange hands until after the event. Even then, with a good client, a bookie may well be willing to let things roll for a while. $325,000,000 was bet but that money didn't move back and forth ten thousand times in small increments.
When the debt load got to the point where it was making the bookie nervous he asked for his $40 million. About $16 million had been stolen. That is the "only" money that ever left Ohtani's account. The bookie never had $325 million pass through his hands.
EDIT: Betting with a bookie 101 (Or so I've heard...)
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So to circle all the way back... Is it normal or plausible for a guy who makes $300K to even be able to rack up $40M of debt with a bookie? I do not gamble so I do not know anything about it, hence why I called it a possibly stupid question, but I would think that if one is allowing such huge sums to being gambled that one would take some steps to determine the person could actually pay the bet. Otherwise, I can't see how they would stay in business.