I NEVER GAVE IT A THOUGHT, IV'E JUST PUT MY MONEY IN AND PLAYED (AND LOST) ASSUMING VEGAS WAS BEHIND IT OR THE COUNTRIES GOVERMENT, I NOW RELIZE I WAS WRONG BUT I STILL DONT NOW WHO RUN'S THEM. IS IT JUST SOME MILLIONARE WHO OPENED UP A SHOP AS ONE OF HIS MANY BUISNESS VENTURES OR A GROUP OF GAMBLERS PUTTING THEIR MONEY TOGETHER AND TAKING A SHOT AT JOE PUBLIC? SORRY FOR BEING CLUELESS BUT I NEED TO KNOW
imo....you can put offshore books in two catagories
1. offshore books that have been in business for at least 10years.....most of these have roots in the U.S. going back 20 yrs or more, they moved offshore because of legal pressure...imo books that have been in business at least 10 years are very stable...
2. the "new books" books that seemingly spring up overnight, these are books that are started by "investors"...are more apt to go belly-up...mainly because they have no "bookmaking experience"......... having alot of money doesnt mean you can run a book.....
1. offshore books that have been in business for at least 10years.....most of these have roots in the U.S. going back 20 yrs or more, they moved offshore because of legal pressure...imo books that have been in business at least 10 years are very stable...
2. the "new books" books that seemingly spring up overnight, these are books that are started by "investors"...are more apt to go belly-up...mainly because they have no "bookmaking experience"......... having alot of money doesnt mean you can run a book.....
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Buzzsaw:
It's tempting to say go with the publicly traded books like WWTS. But all of those seem to be barely above penny stocks.
My All-Safety team with extremely conservative management would be:
WWTS
Olympic
Bet365
VIP<HR></BLOCKQUOTE>
All of these lists are fascinating, except that 6 or 8 weeks ago you would have seen a book like Cascade listed as well. I have found over the years that there are way less responsible, reliable books than I would have been led to believe.
For example, how many times have I heard about Lenny's deep pockets and stand-up-guy tendencies, only to learn that there was actually someone else who had the cash behind the outfit.
The truth is that you don't know with whom you are gambling unless you know with whom you are gambling. This is becoming more and more clear as each day goes bye.
VVV
It's tempting to say go with the publicly traded books like WWTS. But all of those seem to be barely above penny stocks.
My All-Safety team with extremely conservative management would be:
WWTS
Olympic
Bet365
VIP<HR></BLOCKQUOTE>
All of these lists are fascinating, except that 6 or 8 weeks ago you would have seen a book like Cascade listed as well. I have found over the years that there are way less responsible, reliable books than I would have been led to believe.
For example, how many times have I heard about Lenny's deep pockets and stand-up-guy tendencies, only to learn that there was actually someone else who had the cash behind the outfit.
The truth is that you don't know with whom you are gambling unless you know with whom you are gambling. This is becoming more and more clear as each day goes bye.
VVV
It amazes me that most of the posting that I read on forums like this have the two seperated, "offshore" and "USA". Most of the book started because the "bookie" or bosses had to. What better way to collect money with out uncle sam knowing than to pick a little country like Antigua or Gibralter to have people send their money to. Before the internet the money would either be collected in the USA or sent offshore by "Agents" who reported to the "boss". The "Sheet" would then be reconciled and the cash divvied up accordingly to "bosses", "Agents", "offshore operator" , and the Player.
Now a days the books have the internet , manageing the "sheet" is allot easier. The general betting public is a part of the "post up" crowd and the "credit" players are reconciled most likely state side. A good book is a mix of both. Enough post up to keep the bills paid and knowing that a bookie is watching the lines and action. The offshore operator is usually given some lee way in setting up the post up side of the operation seperate from the state side reconciled credit shop.
WWTS
WSEX
LAD
WHIll
And chase bonuses if you if you want to take a bit of achance with some loose change.
Just my opionion.
Canuck
Now a days the books have the internet , manageing the "sheet" is allot easier. The general betting public is a part of the "post up" crowd and the "credit" players are reconciled most likely state side. A good book is a mix of both. Enough post up to keep the bills paid and knowing that a bookie is watching the lines and action. The offshore operator is usually given some lee way in setting up the post up side of the operation seperate from the state side reconciled credit shop.
WWTS
WSEX
LAD
WHIll
And chase bonuses if you if you want to take a bit of achance with some loose change.
Just my opionion.
Canuck
As far as players safety is concerned Australia is the only regulated legislation that obliges books to maintain a separate escrow account.
Keeping Enron in mind even U.K. publicly traded books are to be considered as safe as any caribbean offshore.
The real issue is not books or their owners but jurisdictions that do oblige books to comply with rules.
Panama, for example, appears to be a missed opportunity for the caribbean/central america area.
WIth this thought in mind and in such volatile environment players easily understand and hopefully appreciate the role of Industry's watchdogs which are indeed far from perfection but do provide punters with overall reliable information.
Keeping Enron in mind even U.K. publicly traded books are to be considered as safe as any caribbean offshore.
The real issue is not books or their owners but jurisdictions that do oblige books to comply with rules.
Panama, for example, appears to be a missed opportunity for the caribbean/central america area.
WIth this thought in mind and in such volatile environment players easily understand and hopefully appreciate the role of Industry's watchdogs which are indeed far from perfection but do provide punters with overall reliable information.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by The General:
Many kinds of people with money. We can only hope that they are or have someone who knows how to book instead of just money to burn.<HR></BLOCKQUOTE>
personally i would rather it be someone with just money to burn as long as they pay.
Many kinds of people with money. We can only hope that they are or have someone who knows how to book instead of just money to burn.<HR></BLOCKQUOTE>
personally i would rather it be someone with just money to burn as long as they pay.
