<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by ppeter:
I was one of the first Americans to open an account with Bowman's in 1992. It was a novel idea back then, they were marketing through a sportsbetting guide sold at the Las Vegas Book Club. Deposits were incredibly slow as you could only deposit via international money order sent by Fedex. They picked up the Fedex fees, which I thought was really cool. You could only bet by phone and the numbers were incredibly soft. However, being a total novice at the time, I could not take advantage of the soft numbers. Even if I did, my winnings were eaten up because by virtue of British law at the time, 10% was taken out of all winnings as a "winners tax" meaning you paid a 10% vig win or lose! Hard to make a profit, but I was hooked on the convenience of offshore bookmaking.
The winners tax law was repealed for accounts held by non-British citizens sometime in 1995, thereby launching Bowmans into the big time.
I love telling this story
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good story peter...you know your stuff that is for sure..