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How a longtime bookie built a successful sports gambling empire


One veteran sports bookie brings in eight figures at least $10 million a year since getting into the illegal sports betting business in the 1990s. One bettor owed him $1.3 million once. A bettor owes him $350,000 right now.

The anonymous bookie, asked to be identified as KC, is one of the most successful underground bookies in America and agreed to sit down with Yahoo Sports to discuss the industry, including how one might throw a game and if legalizing sports betting will impact his business.

The interview also covers:

  • How he got his start

  • How he deals with people who don’t pay

  • Violence involved in betting

  • Advice for sports bettors looking to get in

A veteran sports bookie tells Yahoo Sports about the inside world of sports betting, and fixing games. (AP Photo/John Locher)
A veteran sports bookie tells Yahoo Sports about the inside world of sports betting, and fixing games. (AP Photo/John Locher)

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