If you had the desire and means to start an offshore Sportsbook...

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With a billion dollars you could offer NO JUICE and take on just about anyone at any amount... post up of course. That would definately be a way to see who really IS sharp. But with $1 Bil you could LOSE 10 mil a year and still saty in business 100 years.


You wouldn't even need to avertise. Just start a web site, post up your bank statements and say "come and get it boys". With no limits and a take no prisoner attitude you would put just about every book around out of business.

Also let guys name their own numbers. Say you have -110 and a guy calls in and says "Pin has -108", then give him -107 for whatever he wants. Basically say that you will beat any number out there.

That is all the advertising you would need.

the main things people want...

TO GET PAID (the billion takes care of that)

A GOOD number (the best number offer takes care of that)

NO LIMITS (the no limits and the billion take care of that)

Good customer service (with a billion dollars you could fly hookers to their houses with the checks [for a service fee])

That is all you need. Basically getting paid and not worrying about money are the tops of the list. Let evryone know the money you have, and it will be all you need.

Most of these offshore places don't have enough cash on hand to do anything with. It is all a balancing act for most of them. If they have 25% more than they owe out they are considered rich.

IMO a smart guy with soem saavy and the ability to play it straight with low overhead could start a book and be successful with a million dollars to cover bets. Probably another 50-65 grand for expences. Along with any other liscnecing and kick back fees he would need.

It isn't rocket science, but most people think that you have to be some sort of savant to make money running a book. All you need is a little cash and some steady clients.

I booked bets for 3 years in college. Covered most of them myself. It wasn't all that hard to make money. A little different now for sure. But 95% of bettors lose, the odds of getting the 5% that win all bettign with you is a stretch, but even if they did, the loser would mre than make up for the winners take.
 

Another Day, Another Dollar
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And once you attracted the 5% that were really sharp, imagine what you could do with that info.:smoker2:
 

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Even the supposed "sharp" guys are only right maybe 58% of the time over a life time, I would still takes my chances with all the losers. Let the winners take their swings and hope they varied their bet amounts enough to negate the winning percentage they obtained. i.e. let them hit 2 or 3 20K games and then lose one 50K game in there somewher, basically their 66% win rate is meaningless.

With that much cash it would be easy to overlook those guys. A necessary evil. Or a nuisance. Like how books look at scalpers and arbitragers. They let them (me) take there 2-3 hundred bux here and there, all the while raking it in from the long time losers. Many books frown on it, but fewer and fewer are kicking them out, because it looks bad. or is bad publicity. Basically the scalpers are doing what the books should be doing. balancing action and giving/getting the best of all numbers. Looking to make a small profit no matter what.

But with that much money, you could pretty much do what you wanted. You could also easilly run credit lines too, but would require a lot of trust if the wager sizes or balances owed you were very high.
 

Another Day, Another Dollar
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Thanks Want. Good stuff.

A man I respect tremendously once said "if you had the top 50 bettors in the world betting into your shop, then how can you lose?"
 

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