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'Official' Money Talks thread (1 Viewer)
- Thread starter bweiser
- Start date
Raider Nation
Devil's Advocate
So what happens if a client refuses to pay Darin his perfectly reasonable FIFTY PERCENT COMMISSION?
Is he gonna send some goons to collect?
I love how the sucker-of-the-week walked in all nervous and shaking.
Is he gonna send some goons to collect?
I love how the sucker-of-the-week walked in all nervous and shaking.
Raider Nation
Devil's Advocate
PLEASE DON'T KILL ME ON NATIONAL TV, DARIN!!!
mquinnjr
Footballguy
Pretty sure skipper could be bought off, or at least delayed, with a corned beef sandwich.So what happens if a client refuses to pay Darin his perfectly reasonable FIFTY PERCENT COMMISSION?
Is he gonna send some goons to collect?
ETA: He forgave pretty much most of the balance for the guy just showing up with a pulse and a peace offering of the "debt." Leads me to believe collect-ability is an issue at VIP Sports.
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Raider Nation
Devil's Advocate
Plain and simple!Pretty sure skipper could be bought off, or at least delayed, with a corned beef sandwich.So what happens if a client refuses to pay Darin his perfectly reasonable FIFTY PERCENT COMMISSION?
Is he gonna send some goons to collect?
Tom Servo
Nittany Beavers
So Dentist is on this show?
fantasycurse42
Footballguy Jr.
So you went 3-1 this weekend & broke even after my standard 50%. Good weekend.
SIDA!
Footballguy
It seems that they take 50% or whatever percentage of every win, regardless of the losses, right?
For example, three bets of a grand each at even money for simple math sake.
First best, lose $1,000.
Second best, lose $1,000
Third bet, win $1,000 (-$500 commission) = $500 profit.
Net winnings = -$1500?
NIU Kicker
Footballguy
I'm convinced the money they are actualy making is from the sale of the TV show and now the $250 a week fees they are getting people to sign up for. Nobody is giving that clown 50%.
SIDA!
Footballguy
Riiiight? How could you possibly make money when you are paying 50% on every bet you win and absorbing 100% of your losses.
The other aspect is paying the commission. Let's assume that you do like their pick and are happy with the win percentage. Why wouldn't you just bet the minimum with them, say $500 a play and then go off and bet larger size with someone else without them even knowing?
fantasycurse42
Footballguy Jr.
So this guy comes to Vegas, real high roller. Anyways we're down 100 large after losing 5 straight, so I say to hell with money management, I win 70% of the time! I'm due! So we up the bet to 50 a game, and we lose another 3 in a row. He's got one more game til he has to leave, so we put 100k down on North Dakota State Bison, and boom we hit on a last second field goal to win! Instead of going home down a quarter mill, he leaves down $150, less my standard 50%, so he goes home down $200k.
- Sports Betting GURU
- Sports Betting GURU
Good Posting Judge
Footballguy
Pretty much.
And nobody hits 67-70%, or whatever he's claiming, on football sides. Impossible over the short run. 60% is legendary, but I'm fairly certain that Captain Square Angle is hitting right around 50% overall.
Raider Nation
Devil's Advocate
He doesn't need to hit this bet. As long as he hits the next one or the one after that.
Good Posting Judge
Footballguy
It's a brilliant business model, really. They sell something that is limitless and doesn't cost anything, all they need is a supply of rubes. Getting on and getting free advertising from what's essentially an infomercial is even better. Doesn't matter if 99 out of 100 of us watch it and understand it's a scam.
Raider Nation
Devil's Advocate
On the one hand, I'm offended that CNBC is making him rich. On the other hand, I get enjoyment out of the show, so I shouldn't begrudge him getting paid. That would be like getting mad that the people on Top Chef are getting paid.
As for the scam itself, hard to feel sorry for anyone stupid enough to pay him.
As for the scam itself, hard to feel sorry for anyone stupid enough to pay him.
Timmay
Footballguy
Raider Nation
Devil's Advocate
New episode in five minutes.
fantasycurse42
Footballguy Jr.
Does anyone really pay him 50%?
That has to be scripted... Nobody is that stupid.
That has to be scripted... Nobody is that stupid.
mquinnjr
Footballguy
mquinnjr
Footballguy
Just came in to post this. Yeah, there's 0 reason why he can't do this from the East Coast.
Raider Nation
Devil's Advocate
Man, I would love to add a little something to Paula's makeup. 
Raider Nation
Devil's Advocate
Pirelli does this weird back-and-forth thing with his neck when he's being interviewed. Looks like a chicken.
Raider Nation
Devil's Advocate
Steve, frustrated that his heavy hitter is only in town for one day: "You KNOW I preach money-management!"
Episode 1: $15,000 bet loses. No problem, bet $30,000 on the next game. That also loses. No problem, bet $60,000 on the next game.
Episode 1: $15,000 bet loses. No problem, bet $30,000 on the next game. That also loses. No problem, bet $60,000 on the next game.
Raider Nation
Devil's Advocate
"Anything ELSE I can do for you???"
Yeah.... stop taking half my winnings?
Fair enough?
Yeah.... stop taking half my winnings?
Fair enough?
Raider Nation
Devil's Advocate
Impossible that it's real. How dumb does someone have to be to pay him half of a winning wager, while absorbing 100% of the losses. I refuse to believe it.
SIDA!
Footballguy
Because then he would see his wife every day. Plus he is a confessed degenerate gambler.
fantasycurse42
Footballguy Jr.
Gotta like the VIP Classic!! Start with $5k and winner goes home with $1800
SIDA!
Footballguy
When I first started watching the episode and they announced the VIP Classic, I was like..wait, why don't they just mark their bets and amounts on paper without actually betting, skip the casino and that way the winner has $5,000.Gotta like the VIP Classic!! Start with $5k and winner goes home with $1800
Probably would have made for a ####ty episode though.
Evilgrin 72
Distributor of Pain
I'm going to miss this show, but I guess I'll just have to imagine these guys are still out there, ripping people off and pissing away huge sums of money while acting like complete jerkoffs.
Good Posting Judge
Footballguy
Evilgrin 72
Distributor of Pain
That was a joke, kind of like when Cheers ended and people were saying they were happy they could imagine those characters continuing to sit around drinking beer and discussing trivial matters.They're on facebook.
Raider Nation
Devil's Advocate
In addition to Steve's 50%, don't forget about the IRS's cut. He had one guy playing $60K on a game. Anything over $10K and you're filling out paperwork. Even when you win a bet with ol' Steve, you barely get to keep any of it.
Were this real, they'd be spreading out the action in multiple joints.
Were this real, they'd be spreading out the action in multiple joints.
fantasycurse42
Footballguy Jr.
I actually thought about that during the last episode... If someone really was dumb enough to give this guy 50%, I wondered if they would only report half of their winnings.
The Ref
Footballguy
"For the record" it's not 50% of each win, its of winnings. Below is from another board......
SBRforum, some guy paid 2500, and they are just fading the guy.
he went like 3-15 over one stretch,
if he bet what Steven's told him to, he would be down like 190k,
and now stevens wants him to get 100k down on one game.
T-bone123
For the record he doesnt charge me 50% of every win. It's over all profit. I paid him $2500 up front to show i was a real player and haven't paid since but he's been trying to suck me into giving him more money. I don't know how long it will last before i have to pay to keep receiving picks but in the mean time im going to ride this fade until the wheels fall off.
He'll try to have me going 100k a game lol. This guy is an absolute animal with no concept of money management. If i totaled it up i would be down around 190k with this character.
http://forum.sbrforum.com/service-pl...e-stevens.html
The guy is obviously a sociopath.
I couldn't sleep w/ a job, in sales, where I knew every deal will end badly.
The one question/comment I'm sick of seeing , is the 50 % com when they are losing.
Like if a guy
loses 1100, then loses another 1100, so -2200,
wins the 3rd bet, so -1200 overall and people asking if they have to pay 50 % comm on that 1000.
I mean come on, who would be that stupid.
SBRforum, some guy paid 2500, and they are just fading the guy.
he went like 3-15 over one stretch,
if he bet what Steven's told him to, he would be down like 190k,
and now stevens wants him to get 100k down on one game.
T-bone123
For the record he doesnt charge me 50% of every win. It's over all profit. I paid him $2500 up front to show i was a real player and haven't paid since but he's been trying to suck me into giving him more money. I don't know how long it will last before i have to pay to keep receiving picks but in the mean time im going to ride this fade until the wheels fall off.
He'll try to have me going 100k a game lol. This guy is an absolute animal with no concept of money management. If i totaled it up i would be down around 190k with this character.
http://forum.sbrforum.com/service-pl...e-stevens.html
The guy is obviously a sociopath.
I couldn't sleep w/ a job, in sales, where I knew every deal will end badly.
The one question/comment I'm sick of seeing , is the 50 % com when they are losing.
Like if a guy
loses 1100, then loses another 1100, so -2200,
wins the 3rd bet, so -1200 overall and people asking if they have to pay 50 % comm on that 1000.
I mean come on, who would be that stupid.
Good Posting Judge
Footballguy
RN knows this book, but if anyone's interested in reading up on a real guy who beats sports betting huge, The Smart Money by Michael Konik is a good read. It's about his time being a runner for Billy Walters, who would usually employ guys to get down bets for him, and they'd take a cut in return. Ashton Kutcher's done it too for a bit, I think.
Raider Nation
Devil's Advocate
, Pardsy Wardsy.If there was a book I enjoyed reading more than this one, I can't recall it.
Evilgrin 72
Distributor of Pain
Just reserved it at my local library, thanks for the reco, guys.
If there was a book I enjoyed reading more than this one, I can't recall it.
mquinnjr
Footballguy
Just reserved it at my local library, thanks for the reco, guys.
If there was a book I enjoyed reading more than this one, I can't recall it.
IN
ETA: Ordered the book
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Binky The Doormat
Footballguy
Same here - thanks! I am not a big gambler but like to dabble a bit.Just reserved it at my local library, thanks for the reco, guys.
If there was a book I enjoyed reading more than this one, I can't recall it.
Frostillicus
Footballguy
Konik book is good stuff. Third the reco.
Good Posting Judge
Footballguy
"Let me root this game in" might be my favorite part of this show.
I don't get people on this show betting big on games and then not even watching them. getting updates on your phones isn't quite the same.
SIDA!
Footballguy
If I was the "Bookie Killer" I could see not wanting to watch it. That has to be stressful.
As a bettor, I don't think I could bet $50,000 and then head off to get a pedicure.
Good Posting Judge
Footballguy
Odds that Steve is betting the other side of his big games and locking in a guaranteed profit?
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