How much $ Would you need to start a legit book offshore?

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  • Louisvillekid1
    SBR Aristocracy
    • 10-17-07
    • 52143

    #1
    How much $ Would you need to start a legit book offshore?


    Million?
  • Pete0
    SBR MVP
    • 04-09-10
    • 3849

    #2
    10 million, but you will be forced to boot/limit sharp action.

    Its not just about the $. you need the contacts, right personal and ofcourse some man power in the third world countries.
    Comment
    • iifold
      SBR Posting Legend
      • 04-25-10
      • 11111

      #3
      Just buy 5 houses with your million, rent 4 of them out, and bet SBR points...

      Why you want to make things difficult??
      Comment
      • FindTheLock
        SBR Hall of Famer
        • 02-27-10
        • 7194

        #4
        this is a good question. I am curious about this myself.
        Comment
        • Waterstpub87
          SBR MVP
          • 09-09-09
          • 4108

          #5
          Some cash, some lines of credit. You could figure out a VAR for your daily handle, and the normally hold period on cash. Most likely operate like banks, holding little cash compared to the deposits, figuring that not everyone would want to cash out at the same time.
          Comment
          • JerseyLove
            SBR MVP
            • 02-15-10
            • 2183

            #6
            Dude you need to be connected think you can go to costa rica and set up shop? If you don't think the mob runs these books you are out of you're dame mind. You would be eaten alive. This is not like starting a restaurant pal. Don't be stupid you and sweep look like you have the iq of Brock landers
            Comment
            • Louisvillekid1
              SBR Aristocracy
              • 10-17-07
              • 52143

              #7
              Could start small, how would you market yourself to get clients?

              Bonuses? Reduced juice?
              Comment
              • Louisvillekid1
                SBR Aristocracy
                • 10-17-07
                • 52143

                #8
                Originally posted by JerseyLove
                Dude you need to be connected think you can go to costa rica and set up shop? If you don't think the mob runs these books you are out of you're dame mind. You would be eaten alive. This is not like starting a restaurant pal. Don't be stupid you and sweep look like you have the iq of Brock landers
                It's a discussion thread pal, Its not a realistic thing at this point... What's your deal today? Can't pick a winner or just been a while since you got some action...
                Comment
                • sneakerhead
                  SBR Hall of Famer
                  • 07-14-10
                  • 7727

                  #9
                  Originally posted by Louisvillekid1
                  Could start small, how would you market yourself to get clients?

                  Bonuses? Reduced juice?
                  Get on SBRs good side lol
                  Comment
                  • PhillyFlyers
                    SBR Hall of Famer
                    • 09-27-11
                    • 8245

                    #10
                    Be ready to give up your American citizenship.
                    Comment
                    • JerseyLove
                      SBR MVP
                      • 02-15-10
                      • 2183

                      #11
                      Originally posted by Louisvillekid1
                      It's a discussion thread pal, Its not a realistic thing at this point... What's your deal today? Can't pick a winner or just been a while since you got some action...
                      Sorry yea haven't got any puss in a little while. Didn't mean to snap sorry my nj brethren
                      Comment
                      • Louisvillekid1
                        SBR Aristocracy
                        • 10-17-07
                        • 52143

                        #12
                        All good
                        Comment
                        • Sam Odom
                          SBR Aristocracy
                          • 10-30-05
                          • 58063

                          #13
                          creditwagering started with 1,750

                          but you asked 'offshore' -nevermind

                          and you asked 'legit' - forgetaboutit
                          Comment
                          • Okiejoe
                            SBR High Roller
                            • 08-26-12
                            • 125

                            #14
                            Basically most shops down here are agents who had about a 100 guys and they decided to come and set up a credit shop. Post up is relativly new to this industry but i have a friend down here who never spent a dime of his own money and opened up shop and did very well. He got lucky but he had plenty of cash from his credit biz to back it if anything went wrong. He is by far one of the most intelligent bookmakers down here by far. Guys like Ron and Tony arnt actually that smart they just came down at the right time and know how to market better then the rest.
                            Comment
                            • Okiejoe
                              SBR High Roller
                              • 08-26-12
                              • 125

                              #15
                              Originally posted by JerseyLove
                              Dude you need to be connected think you can go to costa rica and set up shop? If you don't think the mob runs these books you are out of you're dame mind. You would be eaten alive. This is not like starting a restaurant pal. Don't be stupid you and sweep look like you have the iq of Brock landers
                              Mob doesnt run the books down here.
                              Comment
                              • UntilTheNDofTimE
                                SBR Hall of Famer
                                • 05-29-08
                                • 9285

                                #16
                                Originally posted by Louisvillekid1
                                Could start small, how would you market yourself to get clients?

                                Bonuses? Reduced juice?
                                The hardest part is clientel. People believe every new book is a scam. Their isnt much you can offer that the powerhouses dont already own.

                                I think the best way to start is through a PPH at a big book like Bookmaker, ppl trust the name. Hell if you bring in enough clientel you could just live off the 25% kick back your getting. In time once you have a big enough pool of people you open your own website. You take your mass clientel with you and no one will then just assume its a scam.
                                Comment
                                • jjgold
                                  SBR Aristocracy
                                  • 07-20-05
                                  • 388208

                                  #17
                                  impossible

                                  over crowded with mainly garbage books already for usa customers

                                  Those days are over opening books up
                                  Comment
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