Lots Of Sports Books Are Quietly Looking To Sell...

THE SHRINK · Mar 30, 2005

I have been informed that some well known and lesser known sports books are looking to sell...

It appears to be more of a BUYER'S market out there at this time due to the plethora of bookmakers wanting out...

The reasons vary from wanting to cash in on their hard work to barely scraping by...

I understand the need for anonymity regarding which books want to sell because that may wrongfully be confused with trouble...

But if and when I learn of any sales involving new ownership and management, I'll be happy to share...

THE SHRINK

ApolloKid · Mar 30, 2005

Shrink,

What is a ball park figure for a decent book? I am light years and a few winning lottery tickets away from that sum, I'm sure.

Thanks.

TOW · Mar 30, 2005

Quietly :>Grin> ?

THE SHRINK · Mar 30, 2005

Apollo Kid,

That figure varies tremendously based on the customer base and the average yearly "hold."

My guess would be that in order to buy a GOOD product, one would to have to pony up 3-5 million for starters...

This figure is just a guesstimate and depending on which book, can be a lot higher...

THE SHRINK

Concorde · Mar 30, 2005

I am waiting the wedding of the year between CRIS and the other costarican giant. Just wonder if they will have the white dressed.

Fishhead · Mar 30, 2005

Just like many sportsbettors do, bookmakers get burned out in this business as well.

Believe this is one subtle reason that could be contributing to some shops selling.

I would tend to think also that some find out that this is not an easy racket, considering the risks and time involved to become moderately successful.

As SHRINK has mentioned, I would not take a sportsbook selling as an indication that they were in trouble financially, as there are MANY factors that could lead to this.

-F-

krackman · Mar 30, 2005

Guess what? I cannot name one book that is NOT for sale for the right price. You think these guys want to sit around grinding out some money while every year the market becomes tougher to beat the rest of their lives?

assassin · Mar 30, 2005

THE SHRINK said:
Apollo Kid,

That figure varies tremendously based on the customer base and the average yearly "hold."

My guess would be that in order to buy a GOOD product, one would to have to pony up 3-5 million for starters...

This figure is just a guesstimate and depending on which book, can be a lot higher...

THE SHRINK

I don't remember if it was youor somwone else quoted a customer acquisition cost of approx $500 per head, does that correspond to your estimated $3MM-$5MM purchase price.

thanks

TheGeneral+ · Mar 30, 2005

I figure they are all for sale if the $$$$ is right. :drink:

JimFiestSux · Mar 30, 2005

This is a good time to sell, Baseball coming next week and many books HATE booking baseball. you won't see any sales or talks during football, now that college hoops are almost over, the sale rumors start!

RobFunk · Mar 30, 2005

someone go halves with me

lets build a winner

TheGeneral+ · Mar 30, 2005

RobFunk said:
someone go halves with me

lets build a winner

Dante will be back soon. :103631605

RobFunk · Mar 30, 2005

lmao

i think they already have a book that caters to gays. i just dont see any room to tap a market becuase freakn dante hes either been tapped or tapped it himself if you know what i mean general

DELSOLII · Mar 30, 2005

Those that buy and want to play "big shot" for a while will receive a huge wake up call.

It is not easy to run a book. Especially successfully. Many factors in place.

I believe that when a book is sold to a first timer, the book will most likely fail.

But, I think most owners want to sell just for burn out reasons. Running a book takes its toll.

Sol II

RPM · Mar 30, 2005

hmmm. maybe ill buy two or three. it would be fun.

:lolBIG:

Lots Of Sports Books Are Quietly Looking To Sell...

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THE SHRINK

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TOW

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assassin

It's like sum fucking Beckett play that we're rehe

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