There’s a moral in this story:
A man walks into the Emerald Poolroom/shoeshine/bookmaking emporium on the corner. He lays a dime ($1,000) on the counter and says he wants the local college basketball team at +16 tonight.
The clerk behind the counter says he’ll have to wait till the owner/BM comes back from lunch to see if he wants it. That’s fine with our bettor so he has a seat and watches a 6 ball money game in progress.
The clerk holding the money takes a Cecil ($100 bill) off the bottom and runs next-door to the bar and pays off his tab. The bartender takes the Cecil and pays off his bookie who is having a drink at the bar.
The bookie takes the Cecil and runs out to the hotel next-door and pays off a hooker who gave him credit. She takes the Cecil and pays her room rent for the week.
The hotel proprietor runs down the street to the poolroom and gives the Cecil to the clerk behind the counter to pay the weekly interest on his loan. The clerk puts the Cecil back in the money he’s holding and no one is the wiser.
Now the BM comes back from a big lunch, which by the looks of him he should have cut down on. He tells our bettor he doesn’t want the lay down. Our bettor scoops up his dime and leaves.
No one actually earned anything, nothing went into any ones pocket. Nothing was produced or added to anything in this flurry of action. However the neighborhood scufflers are now square with each other and all bills are paid.
That’s kinda how our politicians and bureaucrats run our government “for us.”
There’s a correlation to betting/bookmaking in this scenario. Bettors and bookmakers pass the same Cecil back and forth. The only hitch is the bookie, in a month, holds it for 20 days while the player only has it for 10. In horse betting this might be 25/5.
The cycle continues. Our BM goes to Miami for his vacation and us bettors spend our vacations looking for a fresh bankroll.
Scotty Schettler began his Las Vegas journey in 1968. By the time he quit the race and sports book business he had booked over $1.5 billion for different employers. He says he knows where most of the cans are buried. His book, is available on amazon.com. Contact Scotty at [email protected].