Messages

Forum Index : Las Vegas : Messages
Author: [Las Vegas] Topic: Sports Betting As A Business!
getpaid10 send a private message View Space | Blog | Friends | Playbook |
getpaid10
Participation Meter
Prospect
Joined: Jul 2010
Posts: 13
Location: United States
#1
Posted: 9/6/2010 6:38:16 PM
I have searched this forum all day for this answer and have had no luck, so if  have for some reason overlooked the answer please forgive me people its no need for the smart a!@ remarks. If anybody in the forum knows the answer to my question (If you can turn betting on sports into a legitimate business) And if that is possible and you know this for sure could you proceed to advise on how to do this this would be greatly appreciated, you have no idea how appreciative I would be my buddies and I are planning a trip to Vegas here real soon just want to explore all options on how we can GET PAID! Once again thanks for your help
quote
nc1capper send a private message View Space | Blog | Friends | Playbook |
nc1capper
Participation Meter
MVP
Joined: Aug 2007
Posts: 15948
Location: North Carolina
#2
Posted: 9/6/2010 6:39:57 PM
quote
VegasGourmet send a private message View Space | Friends | Playbook |
VegasGourmet
Participation Meter
Rookie
Joined: Mar 2010
Posts: 812
Location:
#3
Posted: 9/6/2010 10:56:21 PM

Get Paid........Again, I am going to respond to you; perhaps, this time you can respond to my posting.

I know of several betting operations that "make a living" here in Vegas. There are two foundational basics that are necessary to make a profit (as a business) on sports betting.

First, you have to have the ability (and staff) to create a line that is superior to the lines that Vegas offers on their sports bets.

Second, you would need, at a minimum, $5-10 million in "seed money" in order to generate enough capital to run the business and pay your employees (runners, tech staff, etc).

So, if you believe that you and your buddies have the capability to achieve parts one and two of the basics....then, I am sure, Vegas would be happy to welcome you to the industry of sports betting.

PS....The last I heard, Billy Walters was selling his golf club, Bali Hai (next to The Four Seasons)...you could start with that also.

quote
mr_bollox send a private message View Space | Blog | Friends | Playbook |
mr_bollox
Participation Meter
All-Star
Joined: Oct 2009
Posts: 10029
Location:
#4
Posted: 9/7/2010 12:04:50 AM
always love these ridiculous questions, if we knew the answer, do u think we'd even be here on these forums.
in any case, if you're just coming here for a trip, why do u need to make a business out of it?
quote
jesron1269 send a private message View Space | Blog | Friends | Playbook |
jesron1269
Participation Meter
MVP
Joined: Dec 2008
Posts: 18636
Location: South Dakota
#5
Posted: 9/7/2010 10:29:13 AM
QUOTE Originally Posted by VegasGourmet:

Get Paid........Again, I am going to respond to you; perhaps, this time you can respond to my posting.

I know of several betting operations that "make a living" here in Vegas. There are two foundational basics that are necessary to make a profit (as a business) on sports betting.

First, you have to have the ability (and staff) to create a line that is superior to the lines that Vegas offers on their sports bets.

Second, you would need, at a minimum, $5-10 million in "seed money" in order to generate enough capital to run the business and pay your employees (runners, tech staff, etc).

So, if you believe that you and your buddies have the capability to achieve parts one and two of the basics....then, I am sure, Vegas would be happy to welcome you to the industry of sports betting.

PS....The last I heard, Billy Walters was selling his golf club, Bali Hai (next to The Four Seasons)...you could start with that also.

VegasGourmet I really enjoy reading your answers.  Honestly cannot say I knew any of this and frankly it is interesting to read.  Thanks for your contributions.

quote
jesron1269 send a private message View Space | Blog | Friends | Playbook |
jesron1269
Participation Meter
MVP
Joined: Dec 2008
Posts: 18636
Location: South Dakota
#6
Posted: 9/7/2010 10:50:30 AM
QUOTE Originally Posted by mr_bollox:

always love these ridiculous questions, if we knew the answer, do u think we'd even be here on these forums.
in any case, if you're just coming here for a trip, why do u need to make a business out of it?

Couldn't agree more.

quote
nc1capper send a private message View Space | Blog | Friends | Playbook |
nc1capper
Participation Meter
MVP
Joined: Aug 2007
Posts: 15948
Location: North Carolina
#7
Posted: 9/7/2010 11:21:53 AM
Vegas Gourmet IS this forums GURU salutes from the tar heel state- His posts are always well thought out and make tons of sense
quote
VegasGourmet send a private message View Space | Friends | Playbook |
VegasGourmet
Participation Meter
Rookie
Joined: Mar 2010
Posts: 812
Location:
#8
Posted: 9/7/2010 1:43:21 PM

Thx guys....The one thing that we all have to remember BEFORE we respond to some posting is that the vast majority of posters are really clueless as to the industry of sports betting.

That does not mean that they are idiots or that their question is stupid....as your teachers used to say, "There is no stupid question, only stupid answers."....If we try to understand the nature of the question, we can, at the very least, be cordial and try to help somehow.

Whether or not the person posting the question understands the answer is another issue alltogether.

quote
getpaid10 send a private message View Space | Blog | Friends | Playbook |
getpaid10
Participation Meter
Prospect
Joined: Jul 2010
Posts: 13
Location: United States
#9
Posted: 9/7/2010 2:47:53 PM
First off, Mr. Bollox I guess I wasnt clear enough for you in my post and to be honest I have no idea why you are here in this forum your answer benefited nobody and im sure if you had the answer to any ? im sure we would all get the 5th grade answers from you that is expected, but anyways VG my ? was not starting a sportsbook business but betting on the sports games as a business and yes my boys and I are going to vegas next month and yes we will bust Vegas for all we can guarantee. So if anyone has any info on this matter then by shoot if not put your suggestions in a suggestion box.
quote
mr_bollox send a private message View Space | Blog | Friends | Playbook |
mr_bollox
Participation Meter
All-Star
Joined: Oct 2009
Posts: 10029
Location:
#10
Posted: 9/7/2010 4:21:11 PM
i'm guessing by your lame putdowns getpaid you're barely old enough to drink, here's a tip son from someone who's been around the block a few times. come to vegas to break even on a trip, dont think of it as a business and if you want information, be specific and ask clear questions.
quote
getpaid10 send a private message View Space | Blog | Friends | Playbook |
getpaid10
Participation Meter
Prospect
Joined: Jul 2010
Posts: 13
Location: United States
#11
Posted: 9/7/2010 5:22:47 PM

Mr. Bollox,

Hey ol man, you should be able to tell my level of intelligence from my ? and tell the way you think and the way we think (simple minds will never be wealthy) notice i didnt say rich, wealthy but no need for me to explain and a word of advice you should all ways think outside the box break even then why bother making the trip thats the difference between you and I will retire before the end of the year  and you will have to collect social security. Man if you only knew but i see im to deep and intelligent for you so miss me with any remarks i will not lower myself nor my standards to engage in conversation with someone who settles for mediocracy.

quote
VegasGourmet send a private message View Space | Friends | Playbook |
VegasGourmet
Participation Meter
Rookie
Joined: Mar 2010
Posts: 812
Location:
#12
Posted: 9/7/2010 5:39:31 PM

Paid...

You need to take it easy here....and correcting your spelling mistakes would add to your supposedly credibility also.

I did not misunderstand your question...My answer was correct, your interpretation of my answer was the problem.

I did not expect you to start a sportsbook, I don't think that the NGC is looking for anymore outsiders right now. My point, and to use current operations as the example...

YOU NEED TO HAVE THE COMPUTER AND INSIDER BACKGROUND TO CREATE YOUR OWN LINES, FIND THOSE LINES THAT OFFER YOU AN ADVANTAGE IN EXCESS OF 60%, AND A BANKROLL LARGE ENOUGH TO BET ON BOTH SIDES OF THE LINES IN ORDER TO ORCHESTRATE THE BETTING POOLS IN YOUR FAVOR. IN OTHER WORDS, YOU NEED THE $$$ TO MOVE THE LINE...AND IN EARLY BETTING, TYPICALLY, AWAY FROM WHERE YOU WANT THAT LINE TO END UP.

YOU NEED A TEAM OF RUNNERS WHO CAN, AT THE LAST SECOND, COORDINATE WITH HOME BASE AND PLACE MULTIPLE MULTI-DIME BETS UP AND DOWN THE STRIP TO TAKE ADVANTAGE OF YOUR EDGE.

IT ALSO WOULD BE A BIG HELP, ESPECIALLY IF YOU ARE LOOKING TO PLACE BETS IN EXCESS OF $50-100K ON A SINGLE GAME, TO HOOK UP WITH SOME LOCAL PERSONALITIES.....POKER PLAYERS, ENTERTAINERS, ETC ....WHO CAN MAKE THOSE BETS FOR YOU.

YOU CAN CHURN A BUNCH OF $5K BETS WITHOUT GETTING MUCH ATTENTION; BUT IF YOU ARE LOOKING FOR A BIGGER SCORE, YOU NEED CONNECTIONS HERE....

So, yes, I understood your initial question. I speak to, and have met, many people like you that believe they can hit that 60% number in order to make a good living.....in this town, you can count those doing it as a very small number.

quote
mr_bollox send a private message View Space | Blog | Friends | Playbook |
mr_bollox
Participation Meter
All-Star
Joined: Oct 2009
Posts: 10029
Location:
#13
Posted: 9/7/2010 5:43:43 PM
vegas, i wouldnt waste your time on this clown, he's going to retire by the end of the year after all 

as they say, one born every minute.
quote
VegasGourmet send a private message View Space | Friends | Playbook |
VegasGourmet
Participation Meter
Rookie
Joined: Mar 2010
Posts: 812
Location:
#14
Posted: 9/7/2010 7:50:13 PM

I know Bollox.....his newly-created screen name is the clue here. But, in fairness to others that can understand, and would like to, at the least, have some background on this, I thought it best to contribute here.....and one more addition to the above explanation.

JUST TO BE AS CLEAR AS POSSIBLE...."SPORTS BETTING AS A BUSINESS" HAS LESS TO DO WITH PICKING WINNERS THAN IT HAS TO DO WITH MANIPULATION OF THE LINES. IF YOU ARE INCAPABLE OF UNDERSTANDING OR DOING THAT, THEN, YES...AS MR. BOLLOX SUGGESTS....IT IS NOT GOING TO WORK FOR YOU.

quote
jesron1269 send a private message View Space | Blog | Friends | Playbook |
jesron1269
Participation Meter
MVP
Joined: Dec 2008
Posts: 18636
Location: South Dakota
#15
Posted: 9/7/2010 9:37:27 PM
QUOTE Originally Posted by VegasGourmet:

I know Bollox.....his newly-created screen name is the clue here. But, in fairness to others that can understand, and would like to, at the least, have some background on this, I thought it best to contribute here.....and one more addition to the above explanation.

JUST TO BE AS CLEAR AS POSSIBLE...."SPORTS BETTING AS A BUSINESS" HAS LESS TO DO WITH PICKING WINNERS THAN IT HAS TO DO WITH MANIPULATION OF THE LINES. IF YOU ARE INCAPABLE OF UNDERSTANDING OR DOING THAT, THEN, YES...AS MR. BOLLOX SUGGESTS....IT IS NOT GOING TO WORK FOR YOU.

LOL maybe it is just me but that just seems I don't know WORK!  I guess that is why sportsbetting has always been a hobby to me.  BOL!

quote
Rockford send a private message View Space | Friends | Playbook |
Rockford
Participation Meter
Veteran
Joined: Apr 2003
Posts: 3859
Location: New York
#16
Posted: 9/8/2010 10:21:51 AM
Wait a minute......


Walters Golf is selling Bali Hai???? 

Greens fees for visitors are steep but I played my best round of golf there EVER.
quote
VegasGourmet send a private message View Space | Friends | Playbook |
VegasGourmet
Participation Meter
Rookie
Joined: Mar 2010
Posts: 812
Location:
#17
Posted: 9/8/2010 1:08:08 PM
That's the word out here Rock......Gaming Today reported that it might become an industrial park....just not making enough $$$.
quote
Forum Index : Las Vegas : Messages
You have entered the forum as a GUEST. 
You must login/register to post or reply.