RX New Policy - It won't happen

JoeyC · Nov 18, 2003

THIS POLICY WON'T WORK... HERE'S WHY

1. The solid and established offshores I know, won't send in finacial info to Rx or anyone else - Especially where that info could be given up to say the IRS under a Courts order.

2. If this becomes an absolute 'take it or leave it' Rx policy, they will leave it, and Shrink will lose too many advertisors, so he will have to change his tune.

While a cleaver thought, this is not a practical policy and is doomed to failure.

JC

ericdixon · Nov 18, 2003

As much as I hate to agree, I agree with you Joey. Though, I commend Shrink in his thoughts, the bottom line is always "the bottom line"!

PanchoSanza · Nov 18, 2003

Joey,

What else would you suggest?

thanks

Journeyman · Nov 18, 2003

I thought he meant any NEW BOOKS? Joey what do you suggest?

skirmish · Nov 18, 2003

JC ,

Hit the nail right on the head good idea but NOT practical .
For the books it would NOT be an acceptable option them giving out private information that could be used against them by the authorities under a judicial warrant .

NBAlive2005 · Nov 18, 2003

I tihnk shrink should change to:

"rule only applies to small/medium size sportsbooks"

JoeyC · Nov 18, 2003

Skirmish / J Man:

One of my biggest complaints with Rx has been the willingness to take on newcomers to offshore and promote them for a fee.

Shrink should concentrate his concerns for newer - say under 4 to 5 years offshore.

I don't think it is necessary or wise for an Oly, Cris or Grande for example, to comply with this policy, and I don't think they will.

Now what Book running into trouble is going to send 'bad numbers' to the Rx and risk having a further run on their bank.

HacheMan · Nov 18, 2003

Joey, in the end, Im not so sure Shrink, or whoever is running this site now, really needs many, if any advertisers to keep this site a'float........

Journeyman · Nov 18, 2003

What I am very surprised at , it almost looks like 100 dimes was about all a few of these small books had..if that.

Journeyman · Nov 18, 2003

Explain that one Hache?

JoeyC · Nov 18, 2003

Hache: I think u are right.

Alejocruz+ · Nov 18, 2003

Big books are not going to send figures, books with problems are not going to send figures, or at least not the real ones, my questions at this point is: who's going to send figures then?

Alejocruz+ · Nov 18, 2003

Another question is how is this policy not going to be used by a book in troubles, to keep deposits coming, by sending wrong figures?

TheGeneral+ · Nov 18, 2003

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Hache man:
Joey, _in the end_, Im not so sure Shrink, or whoever is running this site now, really needs many, if any advertisers to keep this site a'float........

<HR></BLOCKQUOTE>

It's all about the posters making the site/forum good. The posters are good, the forum is good. Another day, Another dollar. Advertisers are needed & great, especially when you got good people all around like we have here. Many more good than bad(Posters & Sportbooks). The bad just tends to stick out more.

WEEKENDALKI · Nov 18, 2003

Joey, you are right. It won't work and is too invasive, especially for the established Don best books, etc. The more quality people we can fill these forums with, the better for the bettors. We should strive to help one another genuinely, and look for REAL facts that indicate that a sportsbook is in trouble. Rumours help nobody unless their is a foundation behind them. Used properly, these forums, and good common sense can help most people avoid a disaster. My advice, follow your instincts, and keep reasonable balances with ALL of your sportsbooks and you won't get burned like your truly did by ACES GOLD slimeball Charlie Thercocksucker. Good luck to all, and lets win!

Angelle · Nov 18, 2003

I agree-
while it was a good attempt..

it isn't reliable or feasible

JoeyC · Nov 18, 2003

Weekend:

Good Post..

BTW, I actually lost $ betting into Aces.. if that makes you feel any better..

JC

TTinCO · Nov 18, 2003

If books continue to fall, and a few books actually start keeping and showing regularly AUDITED (really audited) escrow statements, it's only a matter of time before this becomes the norm.

JoeyC · Nov 18, 2003

TT:

A book has 20% post up & 80% credit.

The post ups = 150 dimes of deposits.

The book has 250 in the bank, verified by an accountancy firm. So far so good.

Lets take this senario one step further:

Post ups lose 30 dimes for the week, credit/ wise guys win 500 for the week.

Same thing week 2....

The book is done and nobody can figure it out.

JC

max1234 · Nov 19, 2003

Bottom line is the books could send whatever they wanted in.... does anyone think BM would have send in figures showing they're broke? It was an idea worth discussing but Joey's right, there's no way they cooperate on this one.