New Sportsbook will be running by September with no charge on payouts.

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  • davidchong
    SBR MVP
    • 02-10-06
    • 1806

    #1
    New Sportsbook will be running by September with no charge on payouts.
    I heared the book will run by the second week of September, located in Panama.

    Lines will be -112 / -112

    Payouts will be totally free either by ** or ** and wire transfers, no checks.
    Loyalty: For every $100 wagered you get 2 points. For 100 points you get $100 cash bonus with 3x roll.
    Withdrawl: 2% of loyalty points will be deducted. Withdraw $1,000, 20 points is the cost of withdrawl.


    I dont like the idea of .12 cents lines.....
  • VegasInsider
    SBR Posting Legend
    • 12-12-10
    • 14593

    #2
    Any name for this book? Do we know who's opening it?
    Comment
    • mtneer1212
      SBR MVP
      • 06-22-08
      • 4993

      #3
      if the lines are -112/+112, there won't be many payouts to process. Stick with the solid books.
      Comment
      • notsosharp
        SBR Wise Guy
        • 10-25-10
        • 799

        #4
        with .12 lines payouts better be free. If you are a big bettor, you will lose alot of money with the extra .2 to .7 depending where you play.
        Comment
        • Spanks
          SBR MVP
          • 04-12-07
          • 2040

          #5
          new book...LMAO
          Comment
          • Microphone
            SBR MVP
            • 01-08-08
            • 2950

            #6
            Originally posted by notsosharp
            with .12 lines payouts better be free. If you are a big bettor, you will lose alot of money with the extra .2 to .7 depending where you play.

            Agree not very attractive.
            Comment
            • jjgold
              SBR Aristocracy
              • 07-20-05
              • 388179

              #7
              No thanks

              Just a bunch of crooks I bet
              Comment
              • NSN21
                SBR Sharp
                • 05-13-11
                • 322

                #8
                Can't see a shop surviving with -112 lines. I wouldn't even entertain the idea. Tough enough beating -110.
                Comment
                • HedgeHog
                  SBR Posting Legend
                  • 09-11-07
                  • 10128

                  #9
                  A new and unrated Book out Panama? I'm having flashbacks to the disaster that was BetPanam. No thank you.

                  If you want to try a new Book, take a look at BetIslands (B-) with your choice of 107 lines or a free half point. And they give you a free payout each month. Just my two cents.
                  Comment
                  • MartinBlank
                    SBR Hall of Famer
                    • 07-20-08
                    • 8382

                    #10
                    Not sure I like the idea of depositing into a book with no track record whatsover.
                    Comment
                    • YorkHunt
                      SBR Hall of Famer
                      • 12-11-10
                      • 7496

                      #11
                      Comment
                      • HoulihansTX
                        BARRELED IN @ SBR!
                        • 02-12-09
                        • 30566

                        #12
                        No name or url.

                        Awesome. You ust wasted 30sec of my life.
                        Comment
                        • Hoja Verdes
                          SBR MVP
                          • 08-23-06
                          • 1403

                          #13
                          A business model based on -112 lines is fundamentally flawed. I'm sure they are thinking it will keep winners away, but it just won't work. They shouldn't try to reinvent the wheel, because we all realize that the free payouts simply agent enough savings to offset the added juice.
                          Comment
                          • Raven66
                            SBR Wise Guy
                            • 09-21-09
                            • 824

                            #14
                            Originally posted by davidchong
                            I heared the book will run by the second week of September, located in Panama.

                            Lines will be -112 / -112

                            Payouts will be totally free either by ** or ** and wire transfers, no checks.
                            Loyalty: For every $100 wagered you get 2 points. For 100 points you get $100 cash bonus with 3x roll.
                            Withdrawl: 2% of loyalty points will be deducted. Withdraw $1,000, 20 points is the cost of withdrawl.


                            I dont like the idea of .12 cents lines.....
                            This is called.....Hearsay.
                            Comment
                            • trytrytry
                              SBR Posting Legend
                              • 03-13-06
                              • 23650

                              #15
                              For every $100 wagered you get 2 points. For 100 points you get $100 cash bonus with 3x roll.

                              this is quite an offer it if was at a real book it would be unique and $...
                              Comment
                              • aca
                                SBR MVP
                                • 03-20-06
                                • 2111

                                #16
                                -112 is near to unbeatable!

                                best of luck!
                                Comment
                                • trytrytry
                                  SBR Posting Legend
                                  • 03-13-06
                                  • 23650

                                  #17
                                  i think even with a -112 shop there will be times where that price is basically the same as your -110 book

                                  like 49 -110
                                  vs under 49 1/2 -112

                                  or maybe a time with -5 -115 + 5 -105

                                  and they hang -112 both ways, your -5 is better at this shop..worth shopping anyway..

                                  if they couple this -112 with a little slower moving lines u might find some decent stuff.

                                  so there can still be times where they have basically the same thing..and you could find some EV opportunities and grind out your profit with that bonus point thing...im dreaming I know as this is likely a scam 6 month shop..
                                  Comment
                                  • durito
                                    SBR Posting Legend
                                    • 07-03-06
                                    • 13173

                                    #18
                                    tons of euro books get by with equivalent or worse vig. you still want it to be regulated?
                                    Comment
                                    • Joe Dogs
                                      SBR MVP
                                      • 07-20-09
                                      • 1931

                                      #19
                                      I,ll Pass
                                      Comment
                                      • relaaxx
                                        SBR MVP
                                        • 06-15-06
                                        • 3281

                                        #20
                                        -112 makes it useless
                                        Comment
                                        • philswin
                                          SBR MVP
                                          • 04-18-07
                                          • 1279

                                          #21
                                          If true, probably looking to cater to the small bettos who like to make $100 - $400 deposits and withdrawl when they get up $100. We are going to continue to see the large books discourage the in and out of money with large transfer fees. We will probably also see min bet sizes increased and minimums on withdrawals. The money in and out creates a risk and cost for the book as well as a risk to all offshore gamblers.
                                          Comment
                                          • davidchong
                                            SBR MVP
                                            • 02-10-06
                                            • 1806

                                            #22
                                            racebook will be run in two ways:

                                            Due regulation and nature of the license:

                                            usa customers: booking
                                            non-usa customers and those countries that gambling is legal: commingle to the host track.
                                            Comment
                                            • davidchong
                                              SBR MVP
                                              • 02-10-06
                                              • 1806

                                              #23
                                              looks like after reach x points, lines can be 10 cents and 5 cents...
                                              Comment
                                              • MartinBlank
                                                SBR Hall of Famer
                                                • 07-20-08
                                                • 8382

                                                #24
                                                Originally posted by davidchong
                                                looks like after reach x points, lines can be 10 cents and 5 cents...
                                                You seem to know an awful lot about this book....

                                                Are you running it out of your basement apartment?
                                                Comment
                                                • davidchong
                                                  SBR MVP
                                                  • 02-10-06
                                                  • 1806

                                                  #25
                                                  wow!!, for those high rollers the account should be opened at main office in Panama...
                                                  Plane ticket and hotel for 3 days payed by the book if you open account with 20k or more.
                                                  Comment
                                                  • notsosharp
                                                    SBR Wise Guy
                                                    • 10-25-10
                                                    • 799

                                                    #26
                                                    Originally posted by trytrytry
                                                    For every $100 wagered you get 2 points. For 100 points you get $100 cash bonus with 3x roll.

                                                    this is quite an offer it if was at a real book it would be unique and $...
                                                    You are paying that extra 100 they give you in juice. If you wagered 5000 at a .10 you would pay 500 juice. If you wagered 5000 at their book you would pay 600. They are basically giving you the extra 2% juice back with a three time roll so you can lose it.
                                                    Comment
                                                    • davidchong
                                                      SBR MVP
                                                      • 02-10-06
                                                      • 1806

                                                      #27
                                                      Originally posted by MartinBlank
                                                      You seem to know an awful lot about this book....

                                                      Are you running it out of your basement apartment?


                                                      Nop, not mine...

                                                      I just applied for a job there...
                                                      Comment
                                                      • davidchong
                                                        SBR MVP
                                                        • 02-10-06
                                                        • 1806

                                                        #28
                                                        Originally posted by notsosharp
                                                        You are paying that extra 100 they give you in juice. If you wagered 5000 at a .10 you would pay 500 juice. If you wagered 5000 at their book you would pay 600. They are basically giving you the extra 2% juice back with a three time roll so you can lose it.
                                                        sorry, i should said you can exchange 100 points for $100 free...
                                                        that was i hear from the meeting
                                                        Comment
                                                        • bradleysnyder
                                                          Restricted User
                                                          • 04-18-07
                                                          • 6662

                                                          #29
                                                          Yeah,most likley 4-6 week payout waiting time like playersonly and sportsbook

                                                          i will never ever ever play any book but heritage
                                                          Comment
                                                          • djefferis
                                                            SBR MVP
                                                            • 08-16-08
                                                            • 1205

                                                            #30
                                                            -112 with a unique bonus structure and free payouts is going to equal a bonus whore haven.

                                                            - they'll primarily attract squares and uninformed players with that juice, in turn they'll probably favor chalk.
                                                            - because they'll lean towards big faves, the dogs lines will be juicier, and bonus hunters will pounce

                                                            = from the books perspective, this will be great until that one week in FB/BK when it seems every top college team gets upset, then they will be stressed if all these players have met RO and request a payout.

                                                            Hope they have deep pockets and unique deposit methods, otherwise they are a LazerWager in the making
                                                            Comment
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