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New site for laying horses or dogs in Aust.
New site for laying horses or dogs in Aust.
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Replies: 245
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catch is probably when you try to log on but cant...
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Hi *****,
Thank you for registering your interest. Unfortunately we are currently only open to a select few clients and their personal referrals. We are going to open to the public in the very near future. We will contact you as soon as this takes place. Regards Joseph Pacific International Gaming Limited |
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don't bother !!!
they lay at just over betfair odds and plough it straight back into betfair. if you can lay on betfair at $4 you get to lay it with them at 4.2 |
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I thought they lay at tote odds?
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and you know this how aachen???? why r punters on here obsessed with the line of thought that the betting shops all put a great share of their handle back thru the totes or betfair........it simply isnt true
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How do you know it isn't true logroller? Innocent question.
As far as this goes, is it possible they just simply put the lot on the tote? They make 2.9% anyway. So is it possible that you could simply get a group together, all lay max bet on the same horse, odds crash on the tote, back it big on BF, or just let it ride even. It is possible, that this would have the reverse effect on placing a back bet on the tote in that you know by backing it, you are getting a worse price because you backed it. No? And if you are laying at tote odds, or best tote odds, then surely you can simply lay everything, in every race, and make a profit? |
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Meaning, has to be something going on with it. All sounds too good.
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just do the maths BJT..........companies like sports-bet, sporting-bet,centre-bet just wouldnt be able to make 50 million ayear EBITDA, if they were throwing the money back, it doesnt make sense and the figures dont add up........
mate, 98% of punters lose, so why would you lay off there wagers to some one else |
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The maths say to me that if they were to bet any lays off, take 2.9%, and pay off a smaller dividend to bettors betting top tote with them, then they make more money.
How it sounds to me, is to get in while the going is good, because if it catches on and everything is being put through the totes, then there could be some very small divs getting around. Of course, the longer it goes, things will average out, but I can't see why they won't increase their profitability simply onbetting any lays, and taking 2.9% for the privelege of doing it. |
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I received an email from this mob some time ago say I was a VIP and given the offer to sign up, I took the trial which they gave me a small amount to play with in a fashion they stipulated, didn't like the site for a few reasons, don't know where they got my details from but if I'm a VIP they must be affiliated with a bookie that has the wood over me, I don't lay much so no good to me but if anyone would like a referral PM me and have a look
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BJT
As someone who is currently betting with this site, can you please explain how they " simply onbet any lays " ? |
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This is interesting. Because there are so many warning signs to stay away it isn't funny.
So they offer a product where you the punter can lay best tote. This means they (website) are effectively backing your lay selections with the 2.9% scrape. They are not Betezy and VM cut all ties to Betezy some time ago (although took some software with him). So I am not sure where the back money to offset the lay bets will be coming from. They are based in Vanuatu. They are not licenced in Australia but betting on Australian racing. Maybe the target is $5 million in deposits and the website gets switched off? Ask any older timer about those behind this scheme and I doubt they would be talking about some of those involved in the same breath as Mother Theresa. |
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The big test will be how hard is it to get your cash out, there is a smell about this, imo
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Looks very Dynabet to me.
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I used the site to bet on three trot meetings over the past few days. One of the first things, I noticed was that the maximum ammount I could lay a horse for was $1000. I'm not sure whether this was my personal limit or whether it was the limit for GDP trots, as I was advised the limit would be $4k. On a positive note, I laid about 30 horses for amounts ranging from $300 to a $1000, and never had one lay bet refused. Most times these lay bets were placed in the last two minutes of betting. Some were in the last 30 seconds.
I would estimate that 90% of my lay bets were at odds better than I could layed them on Betfair. Also it was a huge advantage knowing that my bet would be accepted, as many times on Betfair, there are horses, that I wish to lay, but can never find a backer. A good example of benifits of this site was a race yesterday at Globe. Smirking, who looked a good risk, ran $3.10 top tote, but was $4.50 to lay on Betfair at jump time. I ended up winning $60 over the period after laying 2 winners. My plan is to continuing using the site in conjunction with Betfair. |
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I used the site to bet on three trot meetings over the past few days. One of the first things, I noticed was that the maximum ammount I could lay a horse for was $1000. I'm not sure whether this was my personal limit or whether it was the limit for GDP trots, as I was advised the limit would be $4k. On a positive note, I laid about 30 horses for amounts ranging from $300 to a $1000, and never had one lay bet refused. Most times these lay bets were placed in the last two minutes of betting. Some were in the last 30 seconds.
I would estimate that 90% of my lay bets were at odds better than I could layed them on Betfair. Also it was a huge advantage knowing that my bet would be accepted, as many times on Betfair, there are horses, that I wish to lay, but can never find a backer. A good example of benifits of this site was a race yesterday at Globe. Smirking, who looked a good risk, ran $3.10 top tote, but was $4.50 to lay on Betfair at jump time. I ended up winning $60 over the period after laying 2 winners. My plan is to continuing using the site in conjunction with Betfair. |
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Thanks for the update Castiron, good luck with it.
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Suck the punters in with big promises, get them depositing money and bingo they disappear.
Hard not to be sceptical of new entrants especially ones whom are willing to back the horses that smarties are keen to lay. Where the edge in that is is anyones guess. When things sound too good to be true it is because they are. |
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They are in a tax haven, and collect 2.9%. If their books are balancing, then they simply make lots of money by not being dodgy. If their books don't balance in house, there are plenty of places they can bet top tote, to liability, to cover their books, and still make 2.9%.
Why be dodgy, when you are sitting on a multi million dollar legitimate business? |
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Sportinbet recently bought a bookie out in Vanuatu for 35 million dollars. Other bookies had travelled over there to get tips because the setup was so good.
Not saying this joint is, but why not? Plenty of money for them to make. |
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Which Vanuatu bookie would be worth $35 mil - that's pretty substantial
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Sorry, recently, as in the past. But 35 million 10 years ago, is worth a hell of a lot more now. Allan Tripp was bought out in 2002. Dialabet also operate out of Vanuatu. Although I make no comment about who they are.
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Fair bet they have a Dynabet website, and scrape the odds from BestBookies.com.au rather efficiently. :)
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You know when you read those stories about people getting burned with those Nigerian emails.......and you think how f'ken stupid can some people be..............Castiron is an example for all of you.
Seriously, I'm sure u just got upset...........but here's a question, if you wake up tomorrow and the website has vanished along with your $2000 what can you do about? I'll tell you what wont work - Calling Jose the police commissioner to investigate his third cousin Miguel. I got news for you, they're all sitting around the table laughing at you while they are splitting your money between them. Yeah i know, the money is still "in your account".........you cling to that f'ken dream and don't let go buddy. I don't mean to put any doubt in your mind, this website may well be legit and you have nothing to worry about.....I'm just glad it's your $2000 and not mine. Good luck The rest of you that want some "free" money - you may want to go open an account or another account for your wife at luxbet, they have a 100% bonus up to $500 running at the moment. |
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powerfan u have no idea man...............Unlike Australia (sportsalive) Vanuatu gambling regulations are better written and enforced than any state in Australia, no bookie in Vanuatu has taken the knock, and i wish i could say the same for Aussie bookies where the numbers of failed under regulated bookies are hitting the wall and leaving punters without sh!t.
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Pity if it is a scam, because they have the most impressive, efficient performing bookmaker site I have used.
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BJT - that's a big plug.
They do not operate a traditional bookmakers business so all they appear to be doing is deciding to back exactly what Castiron and others lay and hope they get it all wrong. It all smells far too fishy for me. Vanuatu being more tightly regulated than Australia? Yes of course. Those Pacific islands are never home to despotic leaders whom siphon off the wealth for them and there 477 siblings to live happy ever after in NZ. I hope for all of those who have accounts this is legitimate and foolproof. But as punters have a good look at what they are doing and ask how can they sustain it. |
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And of course my plug is purely in relation to the performance of the website. Not making comment as to how they are operating as I do obviously share some concerns, and they need to prove themselves, and even then they can simply disappear. But the reality is, their lay prices are adding up to around 102%, and around 5-10% higher than what you can back for. It certainly isn't all easy money, and with minimal tax, no turnover tax, and a 2.9% commission off the top, why can't they sustain it?
Their 70% deposit bonus all sounds good in theory and probably red flags, but the reality is it is simply a 70% liability. With laying that depends on the odds you are laying at. Deposit 1000, lay 100 @ 6.60, and your bonus is gone. If you get a 10% value bet, then they really aren't giving up much money at all on average. Yes 70% is a high number, but the reality is much different. I personally can't see why they couldn't sustain it. There are bookmakers everywhere in this country, and most profit purely from betting top tote, and other such products. They really aren't doing much different, except offering the ability to lay as well, by opposing the norm. Too good to be true? Why? Because you can lay? If that were the case, and doing something different was always a scam, then not one of us would be here on this forum today. |
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@Logroller - is that your nomination for king of the idiots is it?
Whilst the majority of my post was said in jest the main point was YOU DO NOT open an account with an online betting company that has been around for 60 seconds. Played with monopoly money last night and chucked in 2k today........... yeah ok, that sounds like the smartest thing i've ever heard. |
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i to have an account with this company as well
i have no problems |
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dhead........dont u think the guys that have opened accounts have done their research, dont u think they have a vague idea who is funding it?..........do u seriously think powerfan, that u r the all knowleagable about them.
think about it, guys here have opened up accounts, they must have faith somewhere with this new bookie. i dont give a flying fck either way, iam just stating a fact, australian state betting laws are a joke the way they are policed, and its got nothing to do with the jurisdiction, its all about who is behind it, and if u have checked that out....and have faith...go for it. |
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ffs
Where is the money coming from? The punters are laying at over 100% so they cant lose, vipbet are making their 2.9% no matter the outcome so they cant lose, where is the missing piece ffs? If its legitimate, its not sustainable. If its not legitimate, well you know how it ends |
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Powerfan, thanks for your concern. When I joined the site, I was well aware of the risks, but I figured the rewards counterbalanced that argument. I have known of Vince McDonald, the principal of the company for many years and I would often bet with him through a third party, when he was an oncourse bookie. I don't see the site being a scam, but I am concerned about my lay betting being restricted or the company ceasing with that side of the business altogether.
I will continue to give a report at the end of each week, and let people know if I run into any problems. If the site is still operating in three months time, I would expect to be betting with their money anyway. |
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The market I did was approximates a couple of minutes out. Just did a final market, and it come to 96.66%. Does that ease some of your concerns DT?
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Deposit bonus: Check
Instant betting: Check Withdraw to bank within 12 hours: Check. |
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Dubious location: Check
Dubious business model: Check Dubious links to dubious operators: Check |
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why do u say dubious location? Vanuatu (if that is where u elude too) is no more dubious than Gibraltar, Malta or NZ for that matter. Vanuatu has had betting shops for a lot longer than Australia and to my knowledge never infringed on a punter.
what evidence do u have that it is a dubious business model?..........just because it is new? or that u dont fully understand the equations behind it ? dubious links to dubious operators, who exactly are you referring too? if u make a statement at least try an offer some credence to it, just because your on a anonymous chat site doesnt mean u cant be judged as a dhead hiding behind your ambiguity. |
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Why don't they set up office in Dubai?
Good name for a horse. Dubious Dubai. |
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The Lay Price is based on a Tote Formula using the Home Tote.
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