Does any tout service do this, if not than why not?

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Rx Wizard
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Why don't a tout service run there service like this (not sure of anyone does it this way but seems like the best chance for people)

Have a starting fee(lets say 3k for discussion purposes) and the money gets pooled into the touts big "mutal" fund.

The service has full and total control shopping for the best prices and then decides when and if to pull the trigger on ALL wagers.

You as a customer has the right to see a seperate page that has all your pending plays and how well you are doing for the year. You would have the option to pull out of the fund whenever you want.

I beleive this would be the only way you could truly have a succesfull season because the service would be able to squeeze a extra point here and there out for you and the end of your service you pay the service a pct of what you are up. If you are down, no fee.

I have become more and more convinced "monitoring the lines" ALL DAY is the least talked about, best way to win and they could do this for you.

I guess peoples biggest fear would be if the service would actually pay them but like most gambling adventures trust would be a major factor.
 

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Sure I'd send Joe Wiseguy $3,000 any day of the week. :puppy:
 

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No tout would put that much effort into it for a possible zero return...the idea has some merit, but we're talking about touts here.
 

Virtus Junxit Mors Non Separabit
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good idea but little to do with the tout industry

sports mutual fund like you suggested
 

Rx Wizard
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Woody0 said:
Sure I'd send Joe Wiseguy $3,000 any day of the week. :puppy:

not sure if you could have written contracts, most likely not because of gambling being illegal


Journey,
I have heard of services that you don't pay them if they don't win or are you saying they jst wouldn't win enough for it to be worth it.
 

Rx. Senior
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1) That is illegal.

2) Touts are not in the service of picking winners, they are in the service of taking your money and giving you an opinion.

3) Touts are not winning bettors.
 

Rx Wizard
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Romanowski said:
good idea but little to do with the tout industry

sports mutual fund like you suggested

OK.

Tout is a dirty word, willl go with mutal fund.

The reason I brought this up is I have a buddy who doesn't gamble but keeps wanting me to give me money and thinks it will grow.

I don't want/need the headache as he would never be able to handle the daily UPS and DOWNS of this. I would have nothing to gain and alot to lose.

I imagine you could think of a way to figure out how someone would pay you for your service but the main point I am getting at would be the actual way it was run (like a fund manager having full control) could work.
 

Virtus Junxit Mors Non Separabit
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I think Mark Cuban mentioned this sort idea in an interview

I may be wrong
 

Rx Wizard
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GreenDoberman said:
1) That is illegal.

2) Touts are not in the service of picking winners, they are in the service of taking your money and giving you an opinion.

3) Touts are not winning bettors.

ok forget tout.

If you knew someone that has shown you and you beleive him, that he wins. Would you be willing to take on some risk and pool your money in with his.

Call it what you want but it is going into investment with someone.
 

And if the Road Warrior says it, it must be true..
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Iceman said:
The reason I brought this up is I have a buddy who doesn't gamble but keeps wanting me to give me money and thinks it will grow.

I have the same problem, close freinds will say "let me give you $100 and just wager w/ it like it was your own and we can split the profits". I dont do it because I hate having to tell a buddy that I lost his $100
 

Rx Wizard
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actually I never thought of this but this is what Fezzik is sort of doing right now with his Fezzdaq.

He started with 1k of another posters money and thru the ups and downs now has it around 3k. Not a bad little deal up 2k in 4 1/2 months.

I am pretty sure he is not getting paid for this service.

I guess I was wondering if anyone has heard of a service that does this?
 

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Romanowski said:
I think Mark Cuban mentioned this sort idea in an interview

I may be wrong

He has and i think it was quickly addressed in the backroom at the next NBA owners meeting, He's a gambler i believe, the rest are not!

Someone in the baseball forum started with this idea of using agreeing plays from some paticular cappers but everyone got off to such a shitty start it fell by the wayside.
 

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Touts are in it for the quick buck. They count on about a 4 day sales cycle to get their big $1000+ rip-off deal sold and then that's it. First day starts with a free pick, then the next day is the $19 next level pick, and then the next day you get the $50 weekend package with the games of the year included, and eventually followed by the big $1000+ sales pitch for the rest of the season.

They would never get into doing anything like what was mentioned. They want that money fast, fast, fast. It's marketing and impulse buying! Only question is how much money they can suck out of you, and how quickly they can do it. And then how much you will lose with the picks on top of that!
 

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I've seen this sort of this for horse racing, though they chose to call it a "syndicate" to make it sound sharper. You sign up and send them money and they bet using all the pooled money and you can withdraw at any time. I'm not sure what their fee was though. Still sounds a little sketchy to me.
 

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There was a mutual arbitrage fund floated some time ago:

http://forum.therx.com/showthread.php?t=193666&highlight=HedgeSyn

I believe the bottom line was that their site got hacked and all the money stolen.

Reminds me the CBC has started running a BBC series, called Hustle in Canada, that concerns con artists. Robert Vaughn (of man from U.N.C.L.E. fame) is one of the actors. One of my favourite shows.
 

Rx Wizard
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El Jefe said:
Touts are in it for the quick buck. They count on about a 4 day sales cycle to get their big $1000+ rip-off deal sold and then that's it. First day starts with a free pick, then the next day is the $19 next level pick, and then the next day you get the $50 weekend package with the games of the year included, and eventually followed by the big $1000+ sales pitch for the rest of the season.

They would never get into doing anything like what was mentioned. They want that money fast, fast, fast. It's marketing and impulse buying! Only question is how much money they can suck out of you, and how quickly they can do it. And then how much you will lose with the picks on top of that!

not always true. I have dealt with a few "touts" (not sure that is a fair word to describe them) like Dan Gordon, James Manos, and Sharp sports Betting, Fezzik and this couldn't be further from the truth.

These above guys were ALWAYS there to contact and were betting the same games as they were releasing.

Beleive it or not there are some decent people out there in this profession.
 

Rx. Senior
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You would have to have full disclosure a liability contract for this to work.

It reminds me of an old quote, "the only way two people can keep a secret is if one of them is dead".

Bottom line is you shouldn't trust someone else with your money and someone else shouldn't trust you with theirs.
 

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Sorry I'm joining this party late Ice, but I do exactly this for some of my friends. They let me take 30% of winnings, but they also realize it's a gamble and could lose everything. I bet the money like it's my own, and keep track of every bet of each "client" in an Excel spreadsheet. I email the plays out each day and can they check their balance or withdraw whenever they want. It's a nice little system to get some extra cash to boost the BR.

Of course, none of them know I now post my plays for free at TheRx!
 

#1 Spot
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The FCC shot down Cuban's idea pretty quickly from what I recall...
 

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