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

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

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.


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

random, halfbakery