Because of Wall St. Does anyone fear a run on the sportsbooks?

[CHOPTALK]

I am afraid that most of these books, or at least good percentage of the books dont have the cash to handle a massive run on withdrawls. Even if they did, there 3rd party processers would get so backed up it could take months and months to get you money anyway.

I have to say there is a real fear out there about this economy. People are looking to gather every dime they can get there hands on right now.

These sportsbooks are not FDIC insured.

I would have to think that some of the lower rated books will go under because of all of this mess.

Just my 2 cents.

 

[TheWolf]

Thank You George W. Youve really done a fine job in your 8 years in office.....much like every other thing youve touched in your life.

 

[Loren78]

Agreed...

 

[BC-Eagles]

Another thought is that when people start to hurt financially they often give up and start gambling. I think this is why the casinos are all being hit hard no doubt, but would be much worse were it not for the true degenerates...

 

[KennyB]

<HR style="COLOR: #fdde82" SIZE=1> <!-- / icon and title --><!-- message -->
Thank You George W. Youve really done a fine job in your 8 years in office.....much like every other thing youve touched in your life.

Anyone that thinks this mess that we are in is all because of George W is a fucking moron.
<!-- / message -->

 

[moethepuppy]

<hr style="color: rgb(253, 222, 130);" size="1"> <!-- / icon and title --><!-- message -->
Thank You George W. Youve really done a fine job in your 8 years in office.....much like every other thing youve touched in your life.

Anyone that thinks this mess that we are in is all because of George W is a fucking moron.
<!-- / message -->

You are correct about that Kenny, the problem is too many people are looking for an easy scapegoat in an incredibly complex situation.

 

[Kruser6]

<hr style="color: rgb(253, 222, 130);" size="1"> <!-- / icon and title --><!-- message -->
Thank You George W. Youve really done a fine job in your 8 years in office.....much like every other thing youve touched in your life.

Anyone that thinks this mess that we are in is all because of George W is a fucking moron.
<!-- / message -->

I was going to post this exact same thing. . .Couldn't have said it better.

 

[tatehill2000]

for what its worth, I can assure you there will be NO RUN on any sportsbooks lolol,,, that a ludicris thought, only because ALLLL of the books are based outside of the us, and for the most part, I would Imagine the TOP 6 books probably dont take much more than 30% of their business from the US,,,

as i write this ,, that number may be a bit higher, but I doubt it,,, Only higher because of the CLAMP the feds put on demand limiting the ammount of OUTS that the US customers have,

I too would like to say waht a fkn FARSE it is that bush has fkd everthing hes ever touched!!!!!!!

Just a thought,,, but has anyone seen that fktard CHENEY???? in the last 2 years??

Has anyone seen him??? Im not kidding?? has anyone even seen One report about him doing shit??? is he even alive? someone told me he was in a bunker Hideing becasue of how bad things were with the bush admin,

tater

 

[Doug]

I'd bet the books in CR get more like 70% of their bets from the US. Pinny seemed to take like 50% ?

 

[tatehill2000]

I'd bet the books in CR get more like 70% of their bets from the US. Pinny seemed to take like 50% ?

Pinny would be closer to 2% now???? wouldnt you agree doug??

(just a guess as to who would have the ability to circumvent the rules/laws)

and CR having 70% is prob close to accurate too,,, but in this specific situation,,, the books financial "ruin" couldnt be further from the financial collapse of our union,,,, only because the BIGGEST accounts probably arent going anywhere,,, who would you trust more? WAKOVIA AIG??? or an independant swiss bank? thats virtually off the grid?

I like my odds offshore (as does michael jordan, and 90% of the other smart investors)

tater

 

[romer]

<HR style="COLOR: #fdde82" SIZE=1><!-- / icon and title --><!-- message -->
Thank You George W. Youve really done a fine job in your 8 years in office.....much like every other thing youve touched in your life.

Anyone that thinks this mess that we are in is all because of George W is a fucking moron.
<!-- / message -->

This mess is caused by greedy motherfuckers like AIG and banks.

 

[bigplay]

This mess is caused by greedy motherfuckers like AIG and banks.

Treasury Secretary Paulson who came up with the Aig bailout is a former CEO of Goldman Sacks. GS was owed 20 billion by AIG, GS now gets paid in full instead of standing in line like the other creditors.

 

[krk1030]

No, people are probably more likely to blow their bankrolls trying to make money they need rather than withdraw it.

 

[KennyB]

For those that want to solely blame Bush I think you are ignorant. This is a very complicated situation where both political parties are to blame. This is not a Republican created problem and this is not a Democratic created problem. The real estate market has fully crashed worldwide, banks are failing and lets not forget our good friends from the middle east breaking it off in our asses for oil. They can't give oil away now.

 

[queposkid]

gamblers along with the regular JOE will start wagering more..where else can you double your $$$ over a 3 hour period..one thing though..bet with those who will pay..

 

[Doug]

gamblers along with the regular JOE will start wagering more..where else can you double your $$$ over a 3 hour period..one thing though..bet with those who will pay..

I don't think the regular JOE will gamble more with books in CR, where he has to post-up, maybe with a local.

 

[nhoj]

Don't worry it will only get worse and if you vote Obamma it will it will stay bad. On the sportsbook run I would think that most gamblers are not going anywhere. That's why they are gamblers. Most think of gambling as a way to get rich. hehehe

 

[Maniac]

for what its worth, I can assure you there will be NO RUN on any sportsbooks lolol,,, that a ludicris thought, only because ALLLL of the books are based outside of the us, and for the most part, I would Imagine the TOP 6 books probably dont take much more than 30% of their business from the US,,,

The only problem is that this Economic Meltdown is not just affecting the US - we are having exactly the same problems over on this side of the pond in the UK and the majority of Europe is as well so this argument is pretty irrelevant.

Having said that, I am not too worried about any of the major books going down because in my opinion the degenerates outweigh those with good money management - and the more desperate times become, the more people will be looking for that "quick and easy" solution to their financial problems...

 

[Doug]

The desperate guy is the guy that gets a $400 paycheck on Friday, needs to pay $750 rent on Monday. He can't send it to CR, win, get a cashable check back in time. This guy might head to a craps table, if he loses, there's still time to rob a bank, if he gets caught, his housing problem is solved.

I can't see books doing well in bad times, maybe not too bad in Vegas. Getting paid fast is part of being desperate, even the checks get holds on them, now.

I'd bet volume has been steadily declining at books. Locals may be increasing business ?

 

[Doug]

Pinny would be closer to 2% now???? wouldnt you agree doug??

(just a guess as to who would have the ability to circumvent the rules/laws)

and CR having 70% is prob close to accurate too,,, but in this specific situation,,, the books financial "ruin" couldnt be further from the financial collapse of our union,,,, only because the BIGGEST accounts probably arent going anywhere,,, who would you trust more? WAKOVIA AIG??? or an independant swiss bank? thats virtually off the grid?

I like my odds offshore (as does michael jordan, and 90% of the other smart investors)

tater

Hard to say with Pinny. I'm sure those that play there from the US, are large players.