Starting a sportsbook??????????????

[CashMoney]

A sportsbook can't lose. Heck, even if it was sportsbook that speciliazed in only 1 sport it would, for the most part, impossible to lose money.

I'm pretty sure that this topic is pretty much but I want some serious input. If you had the ability to raise $5,000,000 and open a sportsbook how in the hell could it possibly be a losing proposition????

[pavyracer]

Starting a hedge fund for professional bettors is more successful. All you have to do is be here find the lock threads and bet the opposite for your clients in a big hedge fund.

[MonkeyF0cker]

There are a lot of ways a sportsbook can lose, and if you have to ask how it could, then chances are yours would fail like the 98% or so that open up every year.

[SSLP]

There are a lot of ways a sportsbook can lose.

Ask

Cascade , Royal , Betruss, Lazerwager etc etc

Books that had a decent infrastructure and at least $250k in the back pocket all down the drain

[CashMoney]

Ask

Cascade , Royal , Betruss, Lazerwager etc etc

Books that had a decent infrastructure and at least $250k in the back pocket all down the drain

$250K in the back pocket is chump change. What I'm talkng about is $5,00,000 liquid. How in the hell could a solid company with a good infrastructure lose money??????????

Fact - 90% + of sports bettor lose

[MonkeyF0cker]

Who bets more? The winners or the losers? Are you going to clone lines? Are you going to move on action? How are you going to advertise? Are you going to pay your workers? Do you think you get players overnight? Are you going to offer bonuses? Do you think the office space, programming, and network infrastructure are all free or one time costs? Do you have an Internet security background? Do you really need me to go on?

[CashMoney]

Who bets more? The winners or the losers? Are you going to clone lines? Are you going to move on action? How are you going to advertise? Are you going to pay your workers? Do you think you get players overnight? Are you going to offer bonuses? Do you think the office space, programming, and network infrastructure are all free and one time costs? Do you have any Internet security background? Do you really need me to go on?

Sure... go on if you want but what you're talking about is a given. A sportsbook is a business. Obviously things such as office space, employee compensation, programming and network infrastructure are continuing costs. I do not have an internet security background but a person can be found who does. What I'm talking about is a sportsbook that can be set and ready to go with $5Mil liquid. How could it possibly lose money?????

I'm not dumb enough to say that I could start a profitable sportsbook by myself with no assistance. What I am saying is that if a person had the ability to raise the necessary funds to start a sportsbook and have the necessary infrastructure put in place then how in the hell could it lose money?????

[durito]

Are you targeting the US market?

Are you aware of how difficult it is to process payments these days?

Do you know how many sportsbooks have failed? (it's lots)

Will you take my bets?

[MonkeyF0cker]

Who is going to play at your book? Do you think people just come to your site by chance? Who is going to be your linesmaker? How much does an MLB -127 ML move on a $2540 wager?

[CashMoney]

Are you targeting the US market?

Are you aware of how difficult it is to process payments these days?

Do you know how many sportsbooks have failed? (it's lots)

Will you take my bets?

US market - That's where all the $$$ is.
Payment Processing? The book could have it's own.
Sportbooks that have failed? Sure but it's called building the better mouse trap.

[durito]

Surely the payment processing is that easy, you'd just set it up.

You might want to realize that it is illegal and you are going to have to be actively playing a game against the US gov't. Not really the line of business I'd like to get into these days.

I don't think $5million is enough.

[CashMoney]

Who is going to play at your book? Do you think people just come to your site by chance? Who is going to be your linesmaker? How much does an MLB -127 ML move on a $2540 wager?

You are way over thinking this. People will come to the site by advertising and providing something that very few are providing....a safe place to play. I couldn't tell you who the linesmaker would be but talent can be found for the right amount of $$$$. As far as the MLB wager of $2540 on a line of -127 it would of course depend on the amount of action on the other side and why the line as at -127 to begin with.

[CashMoney]

Surely the payment processing is that easy, you'd just set it up.

You might want to realize that it is illegal and you are going to have to be actively playing a game against the US gov't. Not really the line of business I'd like to get into these days.

I don't think $5million is enough.

Payment processing is that easy.....please see ********. As far as the US gov't is concerned What the hell do they know anyway? As long as you leave the U.S. for good you can't be touched.

[wtf]

cash

pm me

[MonkeyF0cker]

Really? So the millions of dollars that have been confiscated from sites like Bodog and Full Tilt can't be touched?

[pimike]

This is the same guy who thinks men who carry firearms are pussies.

[durito]

Payment processing is that easy.....please see ********. As far as the US gov't is concerned What the hell do they know anyway? As long as you leave the U.S. for good you can't be touched.

They arrested the neteller founders outside the USA?

If it's that easy, why do all the books struggle?

You think you are getting sharp people to be linesman? How much are you paying? You know much the sharps make on the other side? Why would they want to work for you for 1/4

As far as the MLB wager of $2540 on a line of -127 it would of course depend on the amount of action on the other side and why the line as at -127 to begin with.

Actually, it will depend on what the line is at pinnacle or you are going to end up broke.

[MonkeyF0cker]

You are way over thinking this. People will come to the site by advertising and providing something that very few are providing....a safe place to play. I couldn't tell you who the linesmaker would be but talent can be found for the right amount of $$$$. As far as the MLB wager of $2540 on a line of -127 it would of course depend on the amount of action on the other side and why the line as at -127 to begin with.

And how much do you think these things cost? You act like $5 million is an endless supply of money. Obviously, you need to attract customers somehow and generally, you attract more sharps than squares in the beginning because you're a new shop that certainly has to offer something the established shops aren't in order to garner clientele.

[CashMoney]

Really? So the millions of dollars that have been confiscated from sites like Bodog and Full Tilt can't be touched?

Obviously phuked up somewhere.... DO NOT REPEAT SAME MISTAKES!

[durito]

What kind of limits would you have?

[MonkeyF0cker]

The mistake was doing business with US customers. You think you have control of when and where the US government decides to confiscate online gambling funds from payment processors? All it takes is one customer or agent...

[CashMoney]

This is the same guy who thinks men who carry firearms are pussies.

No.... military and law enforcement are OK! Keep it on topic and respond to the "origial thread!" You will know be know as the offical ASSumption man!

[CashMoney]

And how much do you think these things cost? You act like $5 million is an endless supply of money. Obviously, you need to attract customers somehow and generally, you attract more sharps than squares in the beginning because you're a new shop that certainly has to offer something the established shops aren't in order to garner clientele.

Ok... $5,000,000 to start with plus the ability to obtain more money plus additional investors.

[MonkeyF0cker]

And what happens to your investors when you start hemmorhaging money the first two years you're in business? Where are you getting this extra money from? I hope you don't think it's via a bank loan.

[pimike]

No.... military and law enforcement are OK! Keep it on topic and respond to the "origial thread!" You will know be know as the offical ASSumption man!

Just admit you made a stupid statement. Iwasn't talking about crooks with guns.

Anyways you need DEEP Pockets to start a book now adays.

[CashMoney]

And what happens to your investors when you start hemmorhaging money the first two years you're in business? Where are you getting this extra money from? I hope you don't think it's via a bank loan.

Bank loan It "could" be profitable from day one if done correctly. How many A+ sportbooks does SBR have? Why can't 1 more be added to the category???

[MonkeyF0cker]

You think you start off at A+ with absolutely no proof that you're not a stiff book? And how do you think it will be profitable from day one? WHERE ARE THE PLAYERS? Are you fukkin nuts?

[tacomax]

As far as the US gov't is concerned What the hell do they know anyway? As long as you leave the U.S. for good you can't be touched.

You might want to have a quick chat with Gary Kaplan.

[MonkeyF0cker]

Yeah. He still owes me a chunk of change...

[anthonydiamondLC]

you can start a sportsbook by simply having people deposit through moneygram and **. You could also get a merchant account to charge all your credit cards. Bank wires would work as well. In terms of the line you could just shade off of bodog and adjust accordingly to the amount of action your getting on either side. I mean with 5 mill I could not see this ever losing. You could offer all the free plays and bonuses you want to attract new players. I'd prob put 1m aside for advertising and leave the other 4 mil to funding your book. You don't need a building or employees early on. I'm sure a group of 5-10 people could handle this. Give me 5 mill and I'll triple it for you.

[MonkeyF0cker]

All these clueless people think they can do what 99.9% of the people before them, who have actually had the funds, have been unable to do. Just mind boggling.