The following is an AIM conversation I had with my "bookie" after I had texted him requesting my payout for the week:
xxx620 (11:58:38 AM): yo
xxx620 (11:59:14 AM): you should text your boy xxx. he owes me money and some of that money he owes me is what i owe you
ME (12:48:04 PM): yo man.. do you realize how unethical this is on several levels?
ME (12:48:24 PM): i understand it sucks that he owes you, but i have people that owe me money and i'm not gonna tell you that once i get paid, you get paid
xxx620 (12:50:57 PM): i don't have any money. i had to spot him 2 weeks ago for not paying
ME (12:51:23 PM): so you have no one backing you?
xxx620 (12:51:30 PM): everyone else pays on time and i can pay the winners, that's how its supposed to be
xxx620 (12:52:39 PM): i've already had to take out my savings because ppl have jipped me before. i'm supposed to get a check in the mail for a few hundred bucks so if its there i'll cash it and pay you the rest tomorrow
xxx620 (12:53:07 PM): i'm sorry about this and i try to make everyone happy but its hard when ppl don't pay me for 2 weeks and i owe ppl.
ME (12:54:24 PM): i dunno i assumed you were working under someone and had a plan worked out, that's how a lot of bookies do it. i mean what happens if you get hit hard and everyone has a good week?
...and that's when he completely stops replying.
Just to educate you guys in the world of professional gambling, the way a lot of bookies and their "affiliates" work is this (and this is based on my rough understanding):
If you can book all your clients wins/losses, you get the full profit.
If you can't, you can make a deal with the bookie over you that he covers the losses and you get 10-20% of the profits, assuming you are making a profit. If this is the deal you have worked out and you have a week where you lose to your clients, you don't start making your 10% again until your clients have started losing again and you're making a profit again for your book.
Apparently the guy I'm dealing with has nothing of the sort and is running a bullshit operation.
Not only that, but according to my short convo with him, he wants me to track down the money that my friend owes him as if that's my job. This is where I have a big problem with the way he's handling the situation.
He should never be revealing how much someone else owes him or how long they have owed him, I don't care if it's my brother or whatever, it's supposed to be private.
This concerns me greatly because if this guy has a week where all of his clients win, he's going to be assed out. I mean, even if he has a week where his clients end up + more than he can cover, what is he going to do?
You can guess what my next move is.
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