[bigboydan]

LazerWager enters SBR rating guide at D+. The sportsbook is a turnkey operation serviced by GPS Global SA, which markets its services as Evolution Sports. The latest post-up sportsbook to utilize this operation and market its sportsbook was SexyWagers (SBR rating D), which closed in good standing last November. Although Lazerwager has employed former management of Nine.com (SBR rating B+), the book is owned by unknown "investors" and should initially be viewed as a high-risk turnkey sportsbook.

[SBR_John]

They picked a few good weeks to start a sportsbook. We tried to tell the Sexywager guys that concept had no leggs. All of the concept books have failed. Sports trivia, CPA tracked deposits, sex and soft porn, pier to pier early concepts and all the rest.

I haven't seen any feedback on this new book but its good to know they have more than just some ex credit guys taking a shot in postup....if indeed they do.

[bigboydan]

I know they paid everyone when they closed up at SexyWagers and all John. However, I'm always a bit skeptical about those turnkey operations myself. I'm not saying there going to fail at all, but you know the success rate of those things even with a solid backing.

[biggamer3]

Do all new startup books get a D for being high risk?

[Bill Dozer]

It's common but isn't the default rating. A lot of new books are turnkeys that inherit the rating to some extent. There is also the fly-by-night factor that comes with unknown "investors" with little initial investment.

[biggamer3]

It's common but isn't the default rating. A lot of new books are turnkeys that inherit the rating to some extent. There is also the fly-by-night factor that comes with unknown "investors" with little initial investment.

But how long of a period do you guys consider it safe to raise them to respectability?
one year of operation without many complaints?

[jjgold]

wilheim of rx says it is an outstanding book

lol...........I wonder how much he was paid?

[tacomax]

wilheim of rx says it is an outstanding book

He thought the same of BetOnSports as well.

[bigboydan]

He thought the same of BetOnSports as well.

Correct me if I'm wrong, but doesn't he feel the same way about Sportsbook.com?

[SBR_John]

But how long of a period do you guys consider it safe to raise them to respectability?
one year of operation without many complaints?

Over 80% of the new books fail within their first 2 years. That's not much different than businesses outside this sector actually.

In 2006 there were a rash of new books and I don't think a single one made it to year two.

So you need to give a book at least 3 years really. You could nibble after 2 years but to be safe, see if they are still around at the end of year two before throwing them any real money.

[Doug]

I know they paid everyone when they closed up at SexyWagers and all John. However, I'm always a bit skeptical about those turnkey operations myself. I'm not saying there going to fail at all, but you know the success rate of those things even with a solid backing.

I don't think it is correct to assume Lazer is the reincanation of Sexywagers because of same software. The "investors" behind Lazer could be totally different. It is tempting to try them because they are sponsoring a LOT of RX contests and even books that do fail usually will pay just fine when brand new. Trouble could start later when they fail to be profitable and chew up the start up capital.

I think they will attract a lot of players thru RX, but the amounts that get deposited could well be smallish, that's what I'll do if I go there.

[Bill Dozer]

I don't think it is correct to assume Lazer is the reincanation of Sexywagers because of same software. The "investors" behind Lazer could be totally different. It is tempting to try them because they are sponsoring a LOT of RX contests and even books that do fail usually will pay just fine when brand new. Trouble could start later when they fail to be profitable and chew up the start up capital.

I think they will attract a lot of players thru RX, but the amounts that get deposited could well be smallish, that's what I'll do if I go there.

Very true. I think a lot of the players who got burned at the TOW books waited a month or two for the "guinea pigs" to test payouts. The guinea pigs got fat in their hit-and-runs and the guys that followed in shortly after got trapped.

[jjgold]

willy is fukkin crook

[BAUS]

Eve, who was the main CS contact at Sexywagers is working at Lazer. FWIW.

BAUS

[Doug]

Eve, who was the main CS contact at Sexywagers is working at Lazer. FWIW.

BAUS

That would mean nothing to me. The guy known as Pornopaul may be behind their unusual advertising also, but no claims are being made to claim ties to Sexywagers ( that I've seen). I'd claim that since SW did pay.

Ownership gets fuzzy, like :

Betmania was thought to be part of Skybook
ties are always suspected between Skybook and RX
Empire/ Superior.... same book ?

That stuff always goes on. What I don't have a clue about is:

Who owns Lazer ?

They are doing the old 100/100 Promo that didn't work too well for others that did it a few years ago.

I think SBR's D+ is a fair rating given all that is unknown about this book. They will eat a lot of fees.

They are giving away a lot now. Will the customers they get deposit ( and lose) enough to make them profitable ? I don't know.

I suspect even the most loyal RXer's will only deposit smaller amounts. I assume they are unknown beyond the RX ?

None of these new books have made it in the last few years. It's harder now with no NT.


I wish them luck, but they need to do something better than trusted competitors like Jamaica,5D,WSEX, Bookmaker.

They will need volume, and pretty quick ! Giving away the store doesn't work to make profits and cover overhead.

[SBR_John]

Excellent post Doug.

Unlike the corporate world no one knows how well this book is funded. Like all new businesses the owners have just so much cash they are willing to risk. When it runs out its like stopping the music in musical chairs except without the chairs.

Doug and a very few others have a feel for long a book is going to last and get in and get out. They don't always get out but they have been around the block.

Players who want to take a high risk shot at making a few bucks can give it a try. But there is very little chance this book will be around in 1 or 2 years so you better know you are taking a great risk to try to get in and get out before the music stops.

[Doug]

Check out their parlay odds, pasted kind of poorly.



They have a cap on max odds, so don't parlay dogs on ML.

World's Highest Parlay Odds
# of teams

Standard payout

Max payout
2 Team

2.8 to 1

4 to 1
3 Team

7 to 1

12 to 1
4 Team

13 to 1

25 to 1
5 Team

25 to 1

35 to 1
6 Team

47 to 1

60 to 1
7 Team

80 to 1

100 to 1
8 Team

150 to 1

200 to 1
9 Team

300 to 1

350 to 1
10 Team

550 to 1

600 to 1
11 Team

750 to 1

900 to 1
12 Team

1100 to 1

1200 to 1

[Doug]

edit

[biggamer3]

Wow some great stuff in this thread, thx Doug

[Doug]

Wow some great stuff in this thread, thx Doug

You are welcome, Biggamer3, Ganchrow is always superior to me in math skills, but I think I can explain it better at times to guys that aren't math gurus.

I'm only a high school graduate, never even took any college math, or much else at the college level...just a few courses like History and Economics at community college level. College wasn't my thing, even though I know I could have done that.

The thing that bothers me about 7-1 on three teams is that every book (that I know of) that has offered that is now defunct.

That is giving the store away because a minor math guy (like me) can see how to get no vig on 1,2,or 3 teams.

I only tell this because if I get into Lazer, it will be short-term and small.

[biggamer3]

You are welcome, Biggamer3, Ganchrow is always superior to me in math skills, but I think I can explain it better at times to guys that aren't math gurus.

I'm only a high school graduate, never even took any college math, or much else at the college level...just a few courses like History and Economics at community college level. College wasn't my thing, even though I know I could have done that.

The thing that bothers me about 7-1 on three teams is that every book (that I know of) that has offered that is now defunct.

That is giving the store away because a minor math guy (like me) can see how to get no vig on 1,2,or 3 teams.

I only tell this because if I get into Lazer, it will be short-term and small.

Since you were good to me i will let you know that Lazer Wager is offering a 100 dollar instant bonus for a deposit of 100

just mention "Peta" when you deposit, preferably by phone

[Doug]

Since you were good to me i will let you know that Lazer Wager is offering a 100 dollar instant bonus for a deposit of 100

just mention "Peta" when you deposit, preferably by phone

I'm aware of the 100/100 bonus available, that stuff was one of my strongest points in the past.

Regarding your question at the censored site about parlaying two +600 dogs on ML, not being allowed. That says to me that the shop is underfunded, and therefore the limits on parlay payoffs. Very bad sign,IMO !

[biggamer3]

I'm aware of the 100/100 bonus available, that stuff was one of my strongest points in the past.

Regarding your question at the censored site about parlaying two +600 dogs on ML, not being allowed. That says to me that the shop is underfunded, and therefore the limits on parlay payoffs. Very bad sign,IMO !

You are correct that means they will have payout problems if things dont go well early on, Damn

[Doug]

You are correct that means they will have payout problems if things dont go well early on, Damn

limiting payoffs can be a sign that they intend to pay off , as they did as Sexywagers ( if it is indeed the same guys), but it still suggests underfunding ( at least to me).

I think they will be fine for at least a few months, but I honestly don't think they can become a major book, it's speculation on my part as I don't have any facts that are unique to me about Lazer.

I believe they'd have to operate at a loss for a year, then hope to break even in year #2, then if they get to year #3, they have a shot... much like SBRJohn's opinion.

[Doug]

I'd rather see them say something akin to "the max payoff on a parlay is 25k" instead off limiting the odds on a two-teamer, for those that want a lottery ticket type bet on ML dogs.

[biggamer3]

I'd rather see them say something akin to "the max payoff on a parlay is 25k" instead off limiting the odds on a two-teamer, for those that want a lottery ticket type bet on ML dogs.

Good point, maybe we can get that changed

[Doug]

This promo could get very expensive, looks their guy is 3-10, so almost everybody that entered gets $250 for free !

[Justin7]

Any book offering 3-teamers at 7:1 will go under with 100% certainty. This one promotion is enough to convince me to never look at the book again.

[Gary11746]

Caught them in lies,they don't pay out and wouldn't invest one dollar with them. They are crooks hiding behind a gaming site

[Doug]

are you saying then that betonline is doomed to fail? cuz i got money in there due to a high rating at a place called sbr.

I noticed that too,but you give up the -105 to get it.

[Gary11746]

Don't rust lazer wager. I used them and they failed to refund or payout. Stay clear use BoDog or anyone else who is reputable

[pokerking]

wilheim of rx says it is an outstanding book

lol...........I wonder how much he was paid?

William told me that Lenny had a solid reputation and refused to let me post about Lenny stealing my money.