Everyone knew? How about the couple dozen threads a few months ago that named buying neteller a lock stock trade?
Several others swearing this bill would never be signed? Were you among those? I assume probably so.
Has this bill changed what Im doing? Not really, since I dont use neteller, dont play poker online, and never gave much action to the publicly traded books.
Has it changed what others are doing? Id say its changed what alot of people will be doing.
Stay the fuck out of the thread if you dont have anything informative to post.
Obviously your sentiment is still in the clouds and until that changes, the bottom has not been reached.
Have a great weekend.
:finger23:
Several others swearing this bill would never be signed? Were you among those? I assume probably so.
Has this bill changed what Im doing? Not really, since I dont use neteller, dont play poker online, and never gave much action to the publicly traded books.
Has it changed what others are doing? Id say its changed what alot of people will be doing.
Stay the fuck out of the thread if you dont have anything informative to post.
Obviously your sentiment is still in the clouds and until that changes, the bottom has not been reached.
Have a great weekend.
:finger23:
Tom Brady#1 said:
Basically what happened is that Neteller was caught up in the wave of panic selling that followed the passing of the Frist sneak attack. It regained a significant amount of its losses and its day to day trading ranges have been fairly normal since then. They were down something like 3% today which ain't exactly a sky is falling type scenario.
And this has little to do with anything Neteller has done or said--since there were so many of the public books/poker rooms that pulled a chicken little and bailed out immediately it appeared obvious that Neteller would lose revenue regardless of anything they did. Then someone started thinking about it and said "hey wait a minute...maybe this sort of intermediary is the future of the industry". Neteller stock rebounds and has been fairly stable since.
So in other words that big dip in their stock price may wipe a lot of equity value off the books, but that's not uncommon in financial markets and has very insignificant impact on their day to day operations.
DAWOOFDADDY said:
Listen Captain
Hey if someone said to buy Neteller (and I recall a few) then that is value investing and once again we will see in a year. Nothing more or less. It obviously dropped at that point.
You are negative and no reason for it.
The situation with the bill was OBVIOUS. It was less than 50/50 and took deceptive tactics to get passed...it stinks but it was a real possiblilty it could happen. You really need to state this obvious point right now??
You say you are a large bettor right? But I also saw you make a million plays? there may be a slight contradiction here. Do you bet BIG all those many plays?? hmmmmmmm.
da1prophet said:
Exactly. There was some panic and it may have been justified but lets wait an see what happens in the future. This is totally expected. It is not worth psoting the daily graph to illustrate this point. We obviously knew this could/did happen and it was noted for this board when it did.
punk boy brady
Same type of cloudy optimism was posted about Bos...what are those posters thinking about their optimism now?
The point of this thread...which you obviously still dont understand, is to measure the amount of panic among online bettors.
If most think nothing will happen, that isnt good. If most think the sky is falling, then there is probably not much to worry about.
We can always make a side wager if you really are interested in my weekly action and amounts per game. Net action is six figures per week from August-April. Dont believe it...name the amount you are going to risk to see the plays.
Fair enough?
Enjoy the weekend and quit worrying about what Im posting when its not directed at yourself.
:drink:
Same type of cloudy optimism was posted about Bos...what are those posters thinking about their optimism now?
The point of this thread...which you obviously still dont understand, is to measure the amount of panic among online bettors.
If most think nothing will happen, that isnt good. If most think the sky is falling, then there is probably not much to worry about.
We can always make a side wager if you really are interested in my weekly action and amounts per game. Net action is six figures per week from August-April. Dont believe it...name the amount you are going to risk to see the plays.
Fair enough?
Enjoy the weekend and quit worrying about what Im posting when its not directed at yourself.
:drink:
DAWOOFDADDY said:
My panic is a clear 5 I would say. I have always maintained that the only thing for sure is that we do not know what will happen. I have said that for a long while. Sorry if I snapped as I feel the pressure like many others do I am sure. Nice to be rich if you are betting six figures. Sorry again and did not mean to start with you. G/L on the games this weekend.
Good enough...no harm no foul.
What surprises me is alot of people that were warned about bos and later burned when bos folded the tent are the same ones that today are saying they are not at all worried. I never played at bos, but alot here did and have the hole in their wallet to prove that a little worry may have saved them alot of money.
If you play postup at big books (pinny, cris, greek), hopefully not much will change.
However, the poker players, bonus whores, scalpers, and others that use the recreational books to always get best # are most affected by the new law.
To say they are not, isnt being realistic.
Those that posted about buying a stock like neteller a few months ago, know nothing about the market. If anyone was going to buy neteller, it should be tomorrow or Monday, now the actual law has been signed.
What surprises me is alot of people that were warned about bos and later burned when bos folded the tent are the same ones that today are saying they are not at all worried. I never played at bos, but alot here did and have the hole in their wallet to prove that a little worry may have saved them alot of money.
If you play postup at big books (pinny, cris, greek), hopefully not much will change.
However, the poker players, bonus whores, scalpers, and others that use the recreational books to always get best # are most affected by the new law.
To say they are not, isnt being realistic.
Those that posted about buying a stock like neteller a few months ago, know nothing about the market. If anyone was going to buy neteller, it should be tomorrow or Monday, now the actual law has been signed.
I know there are "some " who are concerned about giving out too much info, but did they back you off or stop offering correlated parlays?
They backed me off. Given that I have friends I dont like to discuss which books take these and which dont.
A little work and anyone can find a number of good bets out there.
Sean
They backed me off. Given that I have friends I dont like to discuss which books take these and which dont.
A little work and anyone can find a number of good bets out there.
Sean
I don't recall anyone "swearing" this bill would never be signed at least in its current incarnation. I do recall people--myself included--making the observation that there were several scenarios having nothing to do with sports gambling that could produce a veto. My guess is that Bush's advisers floated the potential of a veto in front of him based on the labor union backed removal of several measures designed to keep convicted felons out of high security jobs. They likely convinced him that appearing to do something--signing a port security bill--that most of the public hadn't read was preferable to a veto--even on fairly legitimate grounds, not to mention grounds that could have gained some political traction. Someone probably suggested that the best thing at this point was for him not to appear to be "playing politics" with national security.DAWOOFDADDY said:
This wasn't a case of unbridled optimism that the bill wouldn't be signed, but an awareness of a "big picture" scenario that could preclude it from happening. It didn't have anything to do with "our thing", but that's an important thing to remember--this bill and the online gaming implications are very small potatoes. Pull up the CNN website right now--there's not a mention of this on the front page: either the signing of the port security bill in general, or the internet gambling provisions in particular. Fox News has a one line wire service blurb about the signing of the bill. MSNBC, one line though they do mention the online gambling angle. WSJ online--no mention (though there is a story about the sportingbet sale of its US facing websites).
The first step in dealing with any changing industry or marketplace is to have accurate information to work from. And 90% of the posts from the "doom and gloom crowd" is based on paranoia and anger, not accurate information. The poster did the smart thing--keeping his money out of public books, for example. The concern I had--and continue to have--with the endless "sky is falling" type posts is that the "signal to noise ratio" they create has a tendency to drown out accurate information and more thoughtful, balanced analysis. This runs the risk of denying less knowledgable posters of valuable information that they need to make reasonable decisions.
Bottom line--nothing has changed today following the bill's signing. WWTS may be something of a surprise, but my guess is that they're looking to pull a move similar to sportingbet. Everything else is business as usual. I'm going to use Neteller for the forseeable future, but will monitor their situation. I still maintain that it will be as easy--if not easier--to fund and bet offshore one year from today than it is today, and that longterm this might actually be a net benefit to the industry.
A lot of the problem with the gloom and doom set is the lack of perspective--sports betting is my job and the sole source of my income, as it is for many of you here. The obvious tendency is for us to be more focused on the industry, but the reality is that we're a very small priority for the Federal Government, the banks, the ISP, and everyone else in the food chain that can shut it down. Frist snuck the internet gambling stuff onto the port security bill because no one cared enough to pass it on its on. He did this to throw a bone to his fundamentalist Christian supporters in advance of a potential bid for the White House. Bush signed the bill more likely despite the online gambling ban than because of it. Bottom line is that the entire non gambling world doesn't care a fraction as much as we think they do.
You'll no doubt see some more "musical chairs" offshore as books shift ownership and strategies, but there will be plenty of options to move money and bet offshore. And since whatever short term political gain there was from Frist going after online gambling (and I would suggest outside of his Bible thumper constituancy there was a net loss of political capital) has abated by the minimal coverage of the issue today, it means that very soon the focus of the media, the politicans, the Justice Department, the banking industry, etc....will be on to some other illusory "problem" leaving us to bet in peace
