Originally posted by Edward-RAS
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So you don't feel confident enough to bet your own plays for $100k a piece but you want us to buy your picks?
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Did you misread what I said?Originally posted by pavyracerSo you don't feel confident enough to bet your own plays for $100k a piece but you want us to buy your picks?
I would love to bet $1 million on each of my totals. It is just not logistically possible, no book(s) would take that kind of action for long if at all.Other than RAS, I know of no way to just "join" a syndicate (and yes, obv, I'm labelling RAS a kind of a syndicate; it's a publicly available one). -PokerJoe Oct 2010Comment -
Not sure if this even deserves a reply but what in the world are you talking about? How do you support this claim?Originally posted by RichkasOther than RAS, I know of no way to just "join" a syndicate (and yes, obv, I'm labelling RAS a kind of a syndicate; it's a publicly available one). -PokerJoe Oct 2010Comment -
You can open accounts at 100 books and put $1000 on each game. If I had the secret you are promising I wouldn't be selling it but use it for my own benefit and be hush about it.
The secret of success is to know something noone else knows.Comment -
You obviously have never tried to max bet CBB totals before?Originally posted by pavyracer
I don't think there are even more than 20 reputable shops that will take a nickel on CBB totals.Other than RAS, I know of no way to just "join" a syndicate (and yes, obv, I'm labelling RAS a kind of a syndicate; it's a publicly available one). -PokerJoe Oct 2010Comment -
Poor LT Profits, losing baseball and tennis seasons on the forum, losing NFL Preseason tout plays, and now he doesn't make Justin's list...Originally posted by Justin7Dr Bob, RAS and Scott Kellen. I'm not saying all others are scams, but it's possible
Gambling (touting) is a harsh mistress, make no mistake.Originally posted by StraitShooterComment -
i would only find a service legit, if they limited the number of clients they accepted, if you are selling your picks to everyone and you are supposed to be a long term winner then wouldn't the books either stop taking your action or they would be out of business, i think they would stop your bets before they would go out of business, comparing yourself to a financial advisor only makes sense if you limit your clientele, the big hedge funds only acccept a certain number of customers and only if they have certain net worth, winning services are possible, the ones who just sell to everyone i truly doubtComment -
Excellent point. In a big market with a 54-55% type win rate and line movement up to 1.5 points or so, it is a lot more managable, but when win rates approach 60% and line movement is 3-4 points on average, no book is going to take the action from the masses.Originally posted by thespeculatorOther than RAS, I know of no way to just "join" a syndicate (and yes, obv, I'm labelling RAS a kind of a syndicate; it's a publicly available one). -PokerJoe Oct 2010Comment -
Edward,Originally posted by Edward-RAS
I wish RAS the best of luck in NCAAB.
I think a better business model might be to partner with a well-financed group. There are ways to bet anything big (and there are long-term costs to doing this). But if they payoff is worth it - i.e. hitting 57%, someone will make it work.Comment -
RAS is legit. I used them two years ago but as its been stated here it has become too hard to get money down after the plays are released. Pinnacle cut limits and even took games off the board right after the initial release. The picks were great if you could get the release number. After the number moved the value was gone.
Last years format no longer was worth the investment. I'm not sure that $10K for the service is going to work either but they had to try something. From my experience the service was good for 20-30 units per year. In order to make back that $10K you would need to be able to get a nickle down at the release number every time to break even or turn a profit. Not sure how realistic that will be as books adjust to the release times etc.
Whats to prevent Pinnacle from dropping $10K to get the picks, take them off the board and save themselves from getting hammered.Comment -
Exactly. With the proven track record it shouldnt be too difficult putting that together. Thats how I'd go about it.Originally posted by Justin7Comment -
With last year's format, any random person from the general public could sign-up and have access to the plays for $749. That made it easy for any sportsbook to subscribe. With the new semi-private option we will have much more control over who is getting the plays. We expect to have more than 25 people intrested in taking advantage of this opportunity. Priority will be given to those who have been with us longest and/or we have some familiarity with, others unfortunately will be turned away.Originally posted by TrojanOther than RAS, I know of no way to just "join" a syndicate (and yes, obv, I'm labelling RAS a kind of a syndicate; it's a publicly available one). -PokerJoe Oct 2010Comment -
Edward,
Even with just 25 subscribers, they will compete against each other. The markets will be uncontrollably crushed. If you had only one subscriber, he could bet a lot more than 25 separate subscribers.Comment -
I agree the lines will still move fast but all we hope for is that conditions will be at least slightly improved from last year and that the situation will be more sustainable.Originally posted by Justin7
Perhaps the one subscriber option will be something we explore in the future. You would have to have a great deal of trust in the one person or group. We would be putting all of our eggs in one basket. How sustainable would it be? One person or group would have the big advantage of coordination but they wouldn't have access to every good out in the world. Lots of variables.Other than RAS, I know of no way to just "join" a syndicate (and yes, obv, I'm labelling RAS a kind of a syndicate; it's a publicly available one). -PokerJoe Oct 2010Comment -
Even if you limit it to 10 subscribers the numbers will still be pounded. If there is a small window available you are going to have the players with the big bank rolls waiting for the number to be released and pound that number at any book they can. If they are paying such a high fee for the service they will not care if they destroy the number for anyone else...see the WNBA season. If you are not in within 2 minutes of the release the number will be gone...regardless of $10k or $749 service.
If you can find a book that will allow more then $250 limit this year I'd be surprised.Comment -
There is no doubt that the lines will still move quickly. That cannot be prevented. We are simply trying to improve the conditions and make things more sustainable. We believe reducing competition from 225 people to 25 people will accomplish both of these goals. The new format will also help us to keep sportsbooks from having direct access to the plays and release times which will be a big help as well.Other than RAS, I know of no way to just "join" a syndicate (and yes, obv, I'm labelling RAS a kind of a syndicate; it's a publicly available one). -PokerJoe Oct 2010Comment -
Its also harder for the books to know what games are being bet... as long as he keeps it off his main page and his clients keep there mouths shut...its just big money coming in..and books are reluctant to screw with big money clients...unless they have documentation or know they are using a service. Which is the clients stay quiet and the records are posted a couple of days later... or not at all because the service is private...then you would be good to go.
I actually think your better off putting the money into a fund and having 1 person bet it...but that's a whole new beast. I'm not sure all of Edwards clients play offshore either.... so that's something else to consider.Comment -
They wouldn't need to be, just watch the market.Originally posted by Doug
On the general topic, Justin is probably right in his assessment of services in the US market, give or take a couple. Elsewhere in the world there are of course others focussing on different markets who I would happily invest in.Comment -
That is why you need locals , I know many that take up to 10k per bet.
Most take 3k but if they have known you awhile many take as much as 5k to 10k.Comment -
IMO its only worth your money and time to play Edwards totals in November and December. I would be very interested to see if this works for him with such a low limit on College Totals at this time of the year offshore. I believe some books even posted their totals as late as they could, some 20 minutes prior to the game on Saturdays. I personally dont think this would work and was actually looking forward to the hassle/challenge to get money down on his released number.
Edward, do you bet on these games yourself?Comment -
There is no doubt that the edges are bigger in Nov & Dec, we have gone 113-61 (64.94%) during these two months the past two seasons combined, but January & February have also gone a very profitable 110-81 (57.59%) over the same period.Originally posted by Actionbrett
Clients we are targetting are those who can comfortably wager at least $1k at the release line. We netted +18.20 units in November alone last year. There is a very good chance subscribers will be freerolling by December 1st.Originally posted by Actionbrett
With a much smaller client base we can be much more flexible with release times. Lines we think are likely to move we can release earlier, and lines we think have a good chance of not moving we can release closer to start time.Originally posted by Actionbrett
We had to do something to not only try to improve conditions, but also stop them from getting any worse. It was also important to choose a format that could be sustainable for future years. We don't know how well it will work yet, but we believe we are going in the right direction.Originally posted by Actionbrett
EdwardOther than RAS, I know of no way to just "join" a syndicate (and yes, obv, I'm labelling RAS a kind of a syndicate; it's a publicly available one). -PokerJoe Oct 2010Comment
