I'd guess that BHB will be hit the hardest by this GA collapse ...

[lander]

I'm not saying that BHB is bad or good. I have no idea, but one can't help but wonder if the similarities in their business models & posting personas will spell doom for the guys at BHB.

I hope not - they're a cool bunch, but I don't play at BHB because I cannot trust a flawwed business model.

I simply do not think one can balance the books with huge bonuses, bandwidth cost, office soft, software/hardware costs, phone costs, salaries and office space costs.

 

[crazyivan24]

WEll I don't have any money at BHB currently, might have to give them a try (again)....

 

[SurfBoard]

wtf BHB has nothing to do with GA. I have a lot of faith in them. Why even start these childish rumors. BHB is right below WSEX. thats it.

 

[lander]

wtf? I never said they have anything to do with GA.

What I said was "but one can't help but wonder if the similarities in their business models & posting personas will spell doom for the guys at BHB."

If GA couldn't survive this business model of catering to bonus whores, then how can BHB? Because their pockets are deeper? So, it would take longer.

There is a VERY good reason that TOP TIER books like Pin, Oly, etc offer small bonuses. Think about it.

 

[Jazz]

Lander's not starting any rumors, just like I wasn't about Panam in another topic. If this forum ever gets to the point where honest discussion (in this case, of Lander's opinion of a 'flawed business model') cannot be tolerated, then it will have lost all purpose.

 

[TheGeneral+]

Actually Lander, I think Scott has made it clear they do not cater to sharps or bonus whores.

 

[lander]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by The General:
Actually Lander, I think Scott has made it clear they do not cater to sharps or bonus whores.<HR></BLOCKQUOTE>

What type of action does Scott anticipate with 20% bonuses and 15% reloads? The don't offer that much variety and they are rather vanilla.

I'd imagine that this equates to a rather significant percentage of players *trying to lose* at BHB. (ie, middling, hedging, scalping out of BHB and reloading).

 

[Samurai]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>If GA couldn't survive this business model of catering to bonus whores, then how can BHB?<HR></BLOCKQUOTE>
I think it has a lot less to do with a flawed business model and much more to do with undercapitalized, incompetent bookmaking and lying thieves being in charge.

 

[lakerfan]

First, I don't play at BHB - never have.

But at least in their case they are back by legendz. Would think that they are in a great position to survive a tough year of football or other issues.

I do, however, think the "cecil" rule is becoming more and more obviously true. Don't play at books that just get players from the forums. I think at best the forums should be just one part of getting players.

 

[Halifax]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by lander:
I'm not saying that BHB is bad or good. I have no idea, but one can't help but wonder if the similarities in their business models & posting personas will spell doom for the guys at BHB.

I hope not - they're a cool bunch, but I don't play at BHB because I cannot trust a flawwed business model.

I simply do not think one can balance the books with huge bonuses, bandwidth cost, office soft, software/hardware costs, phone costs, salaries and office space costs.<HR></BLOCKQUOTE>

They do have a similar business model, but I think they have a few more things going for them than GA did:

1. Backing by Legendzz.

2. Their 15% cash reload bonus, coupled with the 4x, 5x, 6x, or 7x rollover required (depending on the amount deposited) is far, far less dangerous than the 100% match play bonus, 10x rollover that Gamblers Avenue was offering the last few weeks. Rest assured, anyone depositing big bucks at GA knew what to do with a Match Play bonus - they were monetizing the Match Play bonuses into AT LEAST 70% cash.

3. Legendzz has the same bonus plan, and it seems to work for them.

4. Looking at the cheesy pictures on BHB's website, it looks like they sponsor a number of events in SoCal, and have their Hummer that they drive around with their logo. I would assume this translates into them having at least some squares at their shop, rather than 100% forum customers like GA.

 

[bucsfan67]

I SURE HOPE IT DOESNT....

THOSE GUYS ARE REALLY NICE, AND THINK THEY ARE REALLY TRYING.....

THEIR BONUSES DONT SEEM QUITE AS BIG, OR QUITE AS DESPERATE AS MIKE'S WERE.....

HOPE THEY MAKE IT THROUGH....

ANYTIME I TALK TO THEM, THEY SEEM TO BE QUITE BUSY, WHICH IS A GOOD SIGN...AND THEY HAVE MORE THAN ONE PERSON DOING PAYOUTS....U CAN "ALWAYS" REACH SOMEONE FOR A PAYOUT THERE...

 

[truthteller]

Lander, you know with this thread it will cause a mini run on the bank at BHB.

 

[Halifax]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by truthteller:
Lander, you know with this thread it will cause a mini run on the bank at BHB.<HR></BLOCKQUOTE>

Funny thing is, you're probably right. Won't be near as bad as GA's run, though.

I've been paid 2 or 3 times from BHB, always within an hour.

 

[MadCapper]

I have had no problems with BHB thus far.

 

[neilm]

Books need two key things to survive in my mind....

1. Skilled Management

2. A large customer base

#2 is paramount. Once a book hits critical mass it can sustain itself from operations. With an x% hold and a handle of y they can turn a profit, but if x*y can't cover the operating expenses it is a flawed business model that can't work.

That (x*y) is where I question not only BHB but most other new and newer books. Bonuses and advertising are an acquisition cost but if after spending the money on these promotions they have not created a sufficient client base, they will not survive.

That is the advantage the Olympic, Pinnacle, Bowmans, Grande, WWTS, WSEX etc. have. They have the customer base to generate an operating profit even when decisions go against them and hold% shrinks in the short term. Other books in the red or B/E can steal money and/or fold when things don't go their way.

 

[BeverlyHillsBookie.com]

We don't just depend on advertising on forums to get all of our business. As Halifax stated, we do sponser many events and get a lot of new customers from that. For many, it might be their first time gambling offshore. But a lot have had locals for their gambling means. I usually recommend new timers to the Rx as well. I tell them, that if they have any questions regarding us or gambling in general, that they can post it in the forums.

Pete
BHB

 

[chips]

Funniest Post I have read in a long time:


"BHB is right below WSEX. thats it." -Surboard


I am sure BHB is a great book but to compare them to WSEX is completely Ridiculous. WSEX is one of the original offshores and BHB is relatively new. where do people come up with their info?

 

[lander]

I'm not trying to cause a run on BHB. I happen to like them.

Maybe I overestimated the posters. I figured some would see GA fold with a high-bonus model, and something would click and say "oh shit, maybe it's hard to make money by giving it all away .. what other books do that?".

BHB, I sincerely appologize if I cause any troubles for your book and you were in complete financial control. I was just making an ovservation and stating my opinion.