60 Minutes on a sports gambler

[yyz]

So how else is he getting down? I disagree with you.

10%

Tell me you wouldn't take 10% of zero risk, no money laid out be you, and millions invested?

 

[Trampled Underfoot]

Number of games per month doesn't matter. The %'s allways are the same so number of games don't matter at all. 10% vig and 25% out of profit, those don't change.

It does matter if you are trying to determine what his winning percentage must be.

 

[MadJack]

Week two, he goes 0-10, and is out $110,000

You are still up $25,000, and he is down $35,000????


Great business model there!

It that case he won't pay out 25% again until he's back into positive money. What's so hard to understand about that?

 

[Trampled Underfoot]

It that case he won't pay out 25% again until he's back into positive money. What's so hard to understand about that?

That was what I was trying to say. They don't settle up everyday. It's a long term agreement.

 

[yyz]

I'm sure he doesn't settle up by the day or week. You are also assuming that he is a 50% handicapper long term.

I'm not assuming that at all.

I would have to guess that he would settle by the year.


That's the only yardstick he's never "lost" by.

 

[MadJack]

That was what I was trying to say. They don't settle up everyday. It's a long term agreement.

That's exactly how it works. So 25% really ain't shit.

I wouldn't take that deal if he offered it to me. Too many fukin headaches especially the biggest one of not getting paid :scared

 

[DOGS THAT BARK]

I would really like to meet this Billy Walters.

Thats interesting Scott--considering he grew up in Munfordville Ky. It's about 30 miles from where I live. They have a little 9 hole golf course called Caveland Country Club I play at quite a bit. Interesting I know lots of people from there and is small town--and never heard one mention him.

I'd be happy to give you tour if your ever up this way.

 

[THE KOD]

Thats interesting Scott--considering he grew up in Munfordville Ky. It's about 30 miles from where I live. They have a little 9 hole golf course called Caveland Country Club I play at quite a bit. Interesting I know lots of people from there and is small town--and never heard one mention him.

I'd be happy to give you tour if your ever up this way.

............................................................

ok dogs thanks

sorry for your trouble.

it aint right and can happen to any of us on blogs

if you need a good lawyer or even cash I think we could get something going to help you out

 

[devil dave]

not to mention he said "he's been broke more times than he could count"

i thought the interveiw didn't ask any real questions, was more of a cheerleader for him. i would've asked what sports do you avoid and why. that's not giving any secrets away. or how about if he thought any sports/games are fixed. waste of time if you asked me.

 

[Trampled Underfoot]

not to mention he said "he's been broke more times than he could count"

i thought the interveiw didn't ask any real questions, was more of a cheerleader for him. i would've asked what sports do you avoid and why. that's not giving any secrets away. or how about if he thought any sports/games are fixed. waste of time if you asked me.

It was a waste for us but its good to see gambling not seem so harmful on 60 minutes. Maybe it will be legal one of these days.

 

[ageecee]

Just dont understand why the books wont take his action.


Cant he just set up an account at one of the Vegas books and say hey i want 150K on Kansas and 350K on the Jets? Why does he have to uses all these different accounts?

 

[The Sponge]

Bobby my work is finished in this thread. :0008

 

[Four Corners]

Thanks for the help...it has been aired and i am trying to get it directly from CBS.

 

[Eddie Haskell]

I like Lara.

Eddie