Poster's Sportsbook Poll: OctoberView Poll Results
1. 5Dimes 450 total points 5Dimes Review
2. Pinnacle 408 total points Pinnacle Review
3. Heritage 227 total points Heritage Review
4. Bookmaker 138 total points Bookmaker Review
5. BetIslands 129 total points BetIslands Review
SBR Top-Rated Sportsbooks Recommended List
1. Pinnacle Sports SBR Rating A+ Pinnacle Sports Review
2. 5Dimes SBR Rating A+ 5Dimes Review
3. BookMaker SBR Rating A+ BookMaker Review
4. Legends SBR Rating A+ Legends Review
5. Bodog SBR Rating A Bodog Review
 
 
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Old 11-08-09, 12:12 AM   #1
williams22
 
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Default Looking for Funding/Partners for a New Book

Hello Everyone:

I am looking for people who would be willing to join me (either as lenders or partners) to create a new book. I would handle all of the day to day required in running the book, but as you can see, I don't have nearly enough points to begin on my own.

Everyone knows that Mex's book is amazingly well run. I want to have a book that can offer higher limits, especially on quarter and half lines, and potentially can offer limited teasers and/or parlays as well.

I'm incredibly organized and good with Excel/VBA so I can develop methods to handle everything smoothly. I realize SBR may have a book soon, but until that happens no one know what it will really be like. Worst case scenario I will run this book for a short period of time, and then cash out all investors.

If you would be interested in either partnering with me in the venture or lending points with repayment terms, please let me know.

I hope everyone has had a profitable weekend so far, and best of luck to you tomorrow.
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Old 11-08-09, 12:54 AM   #2
williams22
 
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There have to be a few people here with either kind hearts or entrepreneurial spirits. No one interested?
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Old 11-08-09, 05:20 AM   #3
thadchr
 
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I don't exactly have a plethora of points either, but I'd be willing to work on something with you, at least to get you started. What were you thinking?
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Old 11-08-09, 09:15 AM   #4
ryanspeer2001
Costa Rica in '11
 
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I would be right in there in business with mex if I had the points but there is one key thing to remember. The higher your limits the more likely you will get slammed out of business on a bad day. Many books have fallen in the last few months because of this. Mex, by keeping his limits low and chalk low keeps damage control at its best.

My advice for you is start booking very very small point action on desired items that are not offered here yet like parlays and teasers than go from there.
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Old 11-08-09, 09:17 AM   #5
bigdog3580
 
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Quote:
Originally Posted by ryanspeer2001 View Post
I would be right in there in business with mex if I had the points but there is one key thing to remember. The higher your limits the more likely you will get slammed out of business on a bad day. Many books have fallen in the last few months because of this. Mex, by keeping his limits low and chalk low keeps damage control at its best.

My advice for you is start booking very very small point action on desired items that are not offered here yet like parlays and teasers than go from there.
Nick and I can vouch for that.
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Old 11-08-09, 10:21 AM   #6
mp5070
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I would like to join you, williams. PM the details. Thanks.
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Old 11-08-09, 12:38 PM   #7
williams22
 
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I've already got a few people interested in helping out. I still need a few more high-point backers. You would be able to choose to invest as debt or equity. If you choose debt, we can discuss loan terms. If you choose equity, you will earn a percentage of any profits from the book. Those that are interested please PM. We are very close to getting this started.
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Old 11-08-09, 06:09 PM   #8
williams22
 
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Anyone else interested? I'm like to get this started by offering small parlays which I'm sure will get lots of action.
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Old 11-08-09, 06:40 PM   #9
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Do you realize the SBR book is opening soon? The only thing that will be in demand is a loan bank and I wouldn't trust those at all with gamblers involved.
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Old 11-09-09, 03:59 PM   #10
williams22
 
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I am still looking for backers. The book will open initially offering 2 and 3-team parlays with low limits and will grow as the book's bankroll grows. Backers will either share in the profits or be paid interest on a set schedule. Please contact me if interested.
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Old 11-09-09, 10:18 PM   #11
williams22
 
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The initial offerings of the book have been decided. I will start by offering 2 and 3 team parlays, allowing bettors to risk 6 points on each (the daily amount you received from SBR). They will pay out 13 and 36 points respectively. Once the backing bankroll has grown, this will expand to allow 10 point wagers and then to allow 4-team teasers.

I currently have two other posters willing to help fund this but I am still in search of more. Please reply if you are interested in contributing.
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Old 11-09-09, 11:55 PM   #12
Jshap1515
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I'd be in. I only have 50 points but its a start?
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Old 11-10-09, 05:51 AM   #13
Shortstop
 
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Best of luck with your new venture guys!
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