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Big Business of Illegal Gambling

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Big Business of Illegal Gambling

According to one full-time professional gambler and handicapper who goes by the name Vegas Runner, illegal betting is so popular because of simple economics. Bookies charge a lower fee.

"If they were to increase their vig (the fee charged by a bookmaker) I would have to find a new profession, because then their edge would be too great and ... you just wouldn't be able to maintain a winning percentage high enough to be able to beat the sports books."

Though Vegas could be prosecuted for placing bets, law enforcement tends to focus on the bookmakers, not the bettors.