I have been following the BetIslands issue for the past ten days. Only because a friend of mine lost a small amount of money ( under 1000) and he mentioned it to me in passing during a xmas get together. It is not stressing him and is not an issue at all in his life, nothing like some of the horrible stuff I have read on this site. My heart really goes out to all you guys that have life changing money in jeopardy. I am a small time bettor and use a local but reading all about BI and the industry in general has been quite eye opening. Finally to my question, ok questions.
How much start up would it cost for someone to open a REAL reliable book in costa rica or another of the sports book friendly nations. I mean a solid operation hiring the right people to manage the operation, quality customer service reps, etc etc. I am not talking
pinnacle, but a strong operation that takes decent limits
What is the cost of start up?
Bankroll needed behind the operation to assure players, staff and ownership that variance wont close up the shop
Also is there a way to show the betting public TRUE transparency so they know their funds are safe?
Is it possible to avoid getting complete crushed by the sharps?
Is it possible to pay your customers promptly, it seems to me the books just intentionally don't pay or slow pay.
How would the public find out about you? So many false advertisers and shills out there it is impossible to discern who is who.
Also is taking US customers a good idea or a bad one?
If you take US customers is legal issues a real possibility?
Answers to any or all of the questions would be appreciated