Top 5 common scam businesses

[TheCentaur]

#5 Computer Repair
Maybe I'm wrong, but it seems like the vast majority of what a computer repairer does can be done by yourself by always saving important files to software and just restoring the comp to a date prior to the problems or just formatting the computer if it gets really bad. That's what the computer tech does half the time and charges you for it. The worst are these companies you see on tv commercials, loads of complaints about them stealing from people and doing nothing.

#4 Banking
Lending institutions, or usurers as they were formerly known, are scams from top to bottom. The hidden fees, bailouts, and preferential treatment from the government help make this business shady. It would take too long to go into all the details, but unfortunately banks have become integral to our economy while at the same time wreaking havoc upon it.

#3 Mechanic
Probably 90% of mechanics give the other 10% a bad name. If you walk in to an auto shop and don't seem to have a clue it's like feeding time for sharks. Especially for women, very common to go in for a burned out light and leave with an appointment for a new transmission installation.

#2 Drug dealing
While obviously unhealthy and predatory to the users it can't be number one as it does actually deliver goods that the customer demands and pays for. I'm not going to go as far as including big drug companies but they share many characteristics with the street dealer

#1 Sports touting
The biggest scam business IMO. Preys on desperate people with gambling addictions but offers no actual product for the payment received, just tricks and illusions


Feel free to comment on the list or make your own

[Iwinyourmoney]

I would replace banking with home repair

[Louisvillekid1]

I swear they intentionally put the spy/adware just so they can repair

[BIGDAY]

What about insurance..?

I swear. It's a form of a legalized Ponzi scheme..

[Louisvillekid1]

Big day start selling insurance on wagers

[King Mayan]

mechanics.

[BIGDAY]

Big day start selling insurance on wagers

Fukken brilliant!!!

[Louisvillekid1]

Don't forget about when you start racking in the points

[BIGDAY]

Don't forget about when you start racking in the points

I might actually think about this...

Crazy, but their might be a serious market for a third party wager insurance.

[Louisvillekid1]

No doubt I'm being for real

[Mitchell88]

Big day start selling insurance on wagers

Lkidd that is a great idea, im surprised some of the guys in the pts forum haven't started doing this. good thought

[Louisvillekid1]

Did we just get rich?

[BIGDAY]

Did we just get rich?

[BIGDAY]

Problem is...

I have roughly 231 Pts capital.

[TheCentaur]

Did we just get rich?

In my thread

Don't forget that

25% in betpoints royalties sounds fair

[747planes]

#3 Mechanic
Probably 90% of mechanics give the other 10% a bad name. If you walk in to an auto shop and don't seem to have a clue it's like feeding time for sharks. Especially for women, very common to go in for a burned out light and leave with an appointment for a new transmission installation.


#1 Sports touting
The biggest scam business IMO. Preys on desperate people with gambling addictions but offers no actual product for the payment received, just tricks and illusions


Feel free to comment on the list or make your own

Just like mechanics but here 99.5% of touts give bad name to the remaining good 0.5% of the good ones like bettingresource and ras. ras is no longer worth it because of line movement but he is not a scam. bettingresource is simply the best out there flying under the radar over the past few years.

[Louisvillekid1]

Problem is...

I have roughly 231 Pts capital.

we can work that out

send me the business plan

I like the swot analysis color coded

test it with points then take it market $$$

[Louisvillekid1]

In my thread

Don't forget that

25% in betpoints royalties sounds fair

ok 2 points a day lol

[Louisvillekid1]

Nice saloon lay Low

[bubblebuttluv]

A wager insurance thing wouldn't work.

Insurance works in things as financially perilous as insuring homes in "Tornado Alley" because of established mathematical models.

Insurance on wagers would be totally different because of the fact that degens could a) suck at betting and b) go on tilt.

Hypothetically say you had a "wager insurance business" where a poster gave you 500 points a month and you agreed to insure 400 points of lost wagers per month so that you had a profit of 100 bet points per poster who bought insurance (these numbers are decent numbers). One group of people on here wager so many bet points per month that they won't pay for the insurance because only being able to insure 400 points a month is basically meaningless to them. A second group wagers so little that they won't pay for the insurance because they may not even have 500 bet points to spare on something they don't feel they would need. Finally posters could decide to stiff you out of the insurance payment.

In my opinion the wager insurance thing presents too much risk and too little profit. I think a better route would be to do what the guys like Yisman do in the Points Sub-forum.

Granted it is almost 1:00 AM where I am and I have been up since 7:00 AM yesterday, so there may be some flaws in my logic.

[BIGDAY]

Salooooooooned.

That tells us this will be fought by SBR..

i'll make a few calls.

[BIGDAY]

A wager insurance thing wouldn't work.

Insurance works in things as financially perilous as insuring homes in "Tornado Alley" because of established mathematical models.

Insurance on wagers would be totally different because of the fact that degens could a) suck at betting and b) go on tilt.

Hypothetically say you had a "wager insurance business" where a poster gave you 500 points a month and you agreed to insure 400 points of lost wagers per month so that you had a profit of 100 bet points per poster who bought insurance (these numbers are decent numbers). One group of people on here wager so many bet points per month that they won't pay for the insurance because only being able to insure 400 points a month is basically meaningless to them. A second group wagers so little that they won't pay for the insurance because they may not even have 500 bet points to spare on something they don't feel they would need. Finally posters could decide to stiff you out of the insurance payment.

In my opinion the wager insurance thing presents too much risk and too little profit. I think a better route would be to do what the guys like Yisman do in the Points Sub-forum.

Granted it is almost 1:00 AM where I am and I have been up since 7:00 AM yesterday, so there may be some flaws in my logic.

We would have deductibles pal..

Also, we will have fine print clearly stating separate higher deductibles for tilt wagers, similar to separate wind/hail deductibles for homeowners coverage.

[bubblebuttluv]

We would have deductibles pal..

Also, we will have fine print clearly stating separate higher deductibles for lilt wagers, similar to separate wind/hail deductibles for homeowners coverage.

I really do wish you and LKid1 the best of luck in your joint-venture.

The forum will be watching.

Good luck, BIGDAY.

[BIGDAY]

I really do wish you and LKid1 the best of luck in your joint-venture.

The forum will be watching.

Good luck, BIGDAY.

We'll see. Most likely we are just talking through the brew flowing.

Cheers pal.

[Louisvillekid1]

Unreal

Big day gonna buy out sbr john with this

[Cuse0323]

College is the biggest scam going right now. They fckin print out new books every semester with the same information and make you buy it at an insane price while giving you nothing back for it when you're done because there's a new fckin book out. Shit isn't about education, it's about making money.

[Kermit]

Every business is just as big a scam as the next one for any gullible person who doesn't know shit about what they are getting involved in.

[robmpink]

College is the biggest scam going right now. They fckin print out new books every semester with the same information and make you buy it at an insane price while giving you nothing back for it when you're done because there's a new fckin book out. Shit isn't about education, it's about making money.

Yeah, that is why universities exist. Did something change in the last 15 years? I recall selling my books at the end of the semester for $10-$25 ish to stores in town. I don't think they paid that much so they could start a big fire and dance around it like wild engines.

[brooks85]

Healthcare should be number 1 really, not even close.

[Cuse0323]

Yeah, that is why universities exist. Did something change in the last 15 years? I recall selling my books at the end of the semester for $10-$25 ish to stores in town. I don't think they paid that much so they could start a big fire and dance around it like wild engines.

Gotta make money, they just take it to a different level. Shit is new to me, I'm not a smart man.

[High3rEl3m3nt]

add: any service that charged the poor to help them reduce their *********** debt.

[swiftyj]

What about insurance..?

I swear. It's a form of a legalized Ponzi scheme..

should be #2 on the list

[Louisvillekid1]

we can work that out

send me the business plan

I like the swot analysis color coded

test it with points then take it market $$$

[TheMoneyShot]

#5 Computer Repair
Maybe I'm wrong, but it seems like the vast majority of what a computer repairer does can be done by yourself by always saving important files to software and just restoring the comp to a date prior to the problems or just formatting the computer if it gets really bad. That's what the computer tech does half the time and charges you for it. The worst are these companies you see on tv commercials, loads of complaints about them stealing from people and doing nothing.

Met a guy who worked on my company computer. Found out I was talking to the owner. One of the electrical sockets fried my computer causing windows not to load properly. Cost me around $85.00

We ended up talking more. He said every computer problem he finds... he charges at least $85.00 per client. He said... I don't even look at your computer if I feel I won't get $85.00 from you. Smart man. $85 X 5 computers a day = $425 not a bad pay day.

[daneblazer]

College is the biggest scam going right now. They fckin print out new books every semester with the same information and make you buy it at an insane price while giving you nothing back for it when you're done because there's a new fckin book out. Shit isn't about education, it's about making money.

I work in that industry. Prices are mostly dictated by greedy publishers trying to maintain unrealistic profit margins. Customs and packages/loose leafs are cheaply made with the same material as a national edition and those customs/loose leafs have little resale value which is why you get shit for them. Cengage & McGraw Hill are terrible (or good) at doing this. E-books aren't much better as they are just as expensive as the regular book sometimes (with a considerably less cost to produce them). Things like nursing, law, economics merit edition changes often but most subjects don't. Bookstore's markup is usually about 20%...which is small compared to most any other division of retail. Book prices are out of control though and that balloon has burst. Cengage recently became insolvent despite their books being the most expensive in the industry. They're trying to make up ground with labor cuts and increasing their prices. The kids end up getting shit on.