I hate to be in the position where I have to disagree with mostly everything that has been said here (Lander for a change has made a good post...
).
I got one question for you guys:
Why would it be the RESPONSIBILITY of a tighly run book to absorb the liabilities of a failed competitor? Liabilities that were acquired through EXHUBERANT bonus offers to begin with. Why do people think it's somebody else's responsibility to assume the consequences of their mistakes?
Let me present 2 different business models:
A) CRIS, Hollywood and Cascade run a very cost efficient operation. They CHOOSE not to go crazy on bonus programs. They choose to post original lines, they choose to pay winners every time, they choose to NOT boot winners, but to book them.
It takes ENORMOUS amounts of work, perseverance and discipline to build a shop like that. Years of effort and commitment, sound management of enormous amounts of cash, the same cash that DOES NOT grow in the fields, but that is the product of hard work.
B) Other books choose to run different business models. Higher bonuses, smaller amounts of money invested in alternative forms of marketing campaigns. Less investement in the creation of lines and updated information on sports events.
So the players in these forums are presented with 2 options: A or B.
As adults we all are, we are free to choose. But as adults we are, we must LEARN TO DEAL WITH THE CONSEQUENCES OF OUR ACTS.
awesome baby:
Did Hollywood or Cascade or CRIS ask you to send your hard-earned cash to Blue Marlin? Did they ask you to not send them the cash and send it to a shop that was competing with them?
No, they didn't. Why would they be responsible to bail you out, when it was you and you alone who made a choice to not play with Hollywood, but with Blue Marlin? I'll tell you what, in the world of money, you're the only one responisble of choosing in which ways and in which places you invest your money.
TruthTeller:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Good point. This is the only reason I don't play with books like Hollywood and Cascade in CR.
They have let these rogue books get away with murder and don't do anything about it.
Lander, that analogy to Enron doesn't work.
Some of those Enron people will be spending time with Bubba while these thieves offshore go on with their lives. <HR></BLOCKQUOTE>
Who are Hollywood, Cascade or CRIS to police other bookmakers? Why should they? These shops are her to make money and they are honorable men with ethics of hard work and honesty.
You have said this (^) regarding Hollywood in the past. If they step up for a bailout or not, is simply going to be a business decision. If it's not good business, then they won't and they shouldn't be bashed becasue of it. Will you blemae them for not conducting bad business?
Of all people and after the Royal-Sting-GA situation, I thought you would've known better. Blue Marlin is the result of another forum-movers model gone sour. If Hollywood or anybody else steps up to bail out the less than 50 square active guys (they have quoted 250 active accounts, but out of those 250 accounts, 200 are sharp guys, bonus whores like Sick and other angle shooters that ARE already part of many shrap books' database anyway) and they bail the square guys only, then the forums will scream to the world how unfair the book is being by not absorbing all the rest of the movers and angle shooters. What's there positive about bailing out BM? Being the "saviour"? Business men are here to make business, not to save the world.
Intuition Bet:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>The books in CR will all benefit if they support each other in any way they can with this BM situation.<HR></BLOCKQUOTE>
I agree 100%. But I think these shops are nobody to reverse this darwinism process. They're simply the fittest ones, the ones that survive and they did it through hard work and a sustained effort.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>And in the long run they may be increasing their customer base by absorbing these players, which may be profitable in the future.<HR></BLOCKQUOTE>
As I have already posted, half of that data base already plays with the other shops. The other half is composed by angle shooters and bonus whores. Who would like to have Sick playing with them after the RIO situation? Why don't books like BO-DOG step up? They're the ultimate BOOKMAKERS according to various RX authorities.