Half a croissant, on a plate, with a sign in front of it saying '50c'
h a l f b a k e r y
We are investigating the problem and will update you shortly.

idea: add, search, annotate, link, view, overview, recent, by name, random

meta: news, help, about, links, report a problem

account: browse anonymously, or get an account and write.

user:
pass:
register,


               

Offset betting shop

Always profit betting shop
  (+1, -2)
(+1, -2)
  [vote for,
against]

Run a betting shop which always offers odds slightly worse than some on-line bookie you find.

Whenever someone makes a bet -- offset the complete bet against the on-line bookie.

Therefore whether the bet comes in or not, you walk away with a profit. Ensure odds difference more than covers shop overheads -- job done!

britboy, Aug 16 2007

Please log in.
If you're not logged in, you can see what this page looks like, but you will not be able to add anything.
Short name, e.g., Bob's Coffee
Destination URL. E.g., https://www.coffee.com/
Description (displayed with the short name and URL.)






       This is what betting shops do, they will send runners to other shops to cover big bets.
miasere, Aug 16 2007
  

       They will certainly lay-off bets .. but this is traditionally at the same odds they took them on at, and is simply to dump risk.   

       As in someone bets £400 on horse 1, they bet £200 on horse 1 to offset some of their risk.   

       My idea is different -- is based on always offsetting the whole amount -- but at better odds.
britboy, Aug 16 2007
  

       you get a bun, too, cuz it's my birthday, although i think you've just reinvented betting in general. +
k_sra, Aug 16 2007
  

       All betting shops will want to do this. Therefore, all betting shops will offer worse-than-average odds, and they will implode.
MaxwellBuchanan, Aug 16 2007
  

       Anyone else think maybe [k_sra] is fishing for a happy birthday?   

       oh, all right then.   

       HAPPY BIRTHDAY, K_SRA !!   

       All the best. Hope you get/got nice presents, laid, or whatever it was you were after.
Custardguts, Aug 16 2007
  

       hday to you
hday to you
ay dear K_SRA
hday to you!
MaxwellBuchanan, Aug 16 2007
  

       thanks, [CustardGuts], i *was* shamelessly fishing for wishes. how did you know? and yes, i got everything a girl could want for thirty and then some. (thanks, [Max].)
k_sra, Aug 17 2007
  


 

back: main index

business  computer  culture  fashion  food  halfbakery  home  other  product  public  science  sport  vehicle