General Betting
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i am looking for 10 people to put in £5000 each
all my bets will be on betfair
a camera will be fixed to my laptop so u can see what i am betting
i will take £300 per week wages
hopefully when i hit £100 grand
we will take out £50 grand and split it 11 ways.
u can withdraw your stake at any time , but u will only get
11th of the amount that is in the kitty
ANY QUESTIONS
all my bets will be on betfair
a camera will be fixed to my laptop so u can see what i am betting
i will take £300 per week wages
hopefully when i hit £100 grand
we will take out £50 grand and split it 11 ways.
u can withdraw your stake at any time , but u will only get
11th of the amount that is in the kitty
ANY QUESTIONS
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Replies: 86
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You should have held this post till 1st April.
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Duncan Bannatyne questions
1) Will you be backing or laying? 2) Whats the liquidity on greyhound races? 3) Can you post your 1 year PnL, we need to see your track record 4) Why are you taking a weekly wage? Will you take this even if you do not make a profit that week? 5) What timeframe are we talking of.. Lastly you said hopefully when i hit £100 grand An investment is not done on hope AND for that reason.... I'M OUT  Good luck! |
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Sounds better than TheGoodBet's offer though.
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1] we will be betting them
2] good liquidity morning and afternoon 3] broke in front last year, but will do better with the extra reponsibillity 4] i am putting all the work in, yes a wage , win or lose 5]within the year |
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Starship,
Your aim is to make a profit of £50k from £50k investment. Add to it your wages of £300 per week which is £15k in a year.. Its much more than £15k actually as you are taking reducing the future value of the money by taking out money every week... You can go for higher equity or bigger profit share which gives the investor confidence that your aim is to win them money so that you can earn your wages... PLUS it does not erode the bank and leaves maximum for betting.. you have to make it more attractive for potential investors. good luck with your hunt |
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Roughly how many bets per week on average?
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Theo: "What, you expect me to risk my children's inheritance on this half-baked idea?"
(Duncan Bananyne is keen to drill downinto the figures....) Dunc: "£300 a week, ya sae? I bought myself 10 ice cream vans with that kind of moooney. So I'm out." Debra: "Shall I tell you where I am with this....?" James: "Hi, starship, I'm Jamesssssssss. And I won't be investing, so I'm outttttttt." Peter: "You're an idiot, and I can't work with idiots." A 'lively' exchange there in the den. |
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 amusing thread |
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Hi footsoldiers. Welcome back.
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Roughly how many bets per week on average?
about 50 |
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BAGS only or are evenings and opens included?
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bags only
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The very fact you are asking for investors means you can't do it.
I'm out. |
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Dragons I want to use your bank accounts to open accounts with bookmakers I will give you 20% of the profit.....you should clear £5.63 before they close them down.
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Do you have any proof that the 100% growth rate is achievable?
How will the size of the stakes affect liquidity? |
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Debra quietly sits waiting for a dragon to make an offer. She then offers to go halves.
[;)] |
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Starship......are you putting in £5K?
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Starship......are you putting in £5K?
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Starship......are you putting in £5K?
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can it be done with betting on horses?
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you mentioned a camera, will you be doing this in the nude?
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do you think for one minute i'm going to waste my childrens inheritance on this
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OK I'll bite.
If you're that sure of returning a profit surely you can find a few hundred quid yourself from somewhere. Start with that and build up to higher stakes slowly. You're a nice bloke but there's no business here - so for that reason I'm out. |
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Harsh words from the dragons so far. Will anyone throw him the financial lifeline he so badly needs?
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Well I don't think there is enough meat in this to share it with another 9 dragons, so I must declare myself out. But if you email me I might have a position available in my organisation.
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Does the company give out free food /drinks ?
ALL at the same time "Ill try that !" |
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I don't think that there are 50 good BAGS bets per week, and for that reason I'M OUT!
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can we open up to allow non investors to watch the web cam for a small fee and run off tshirts that people can buy in support?
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Peter to starship 'how much cash have you spunked away already on this business?'
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Leaguer has seen something the other Dragons have missed
'I really like it and more than that I like you and that is very important' 'I'm going to make you an offer, but i want 15% of the business' 'If you want to go to the back of the room and think about it' |
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How much of this 50k will be used to pay off the debts the company has already accrued?
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i will help market this idea but i want 10% of the business and will need to be able to offer those in the pyramid errm networking scheme some affiliation fees for bringing in other funding.
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peter jones says if he wanted to he could copy your idea and have it up and running by 2moro,so for that reason im out.
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I will invest, but I want 125% of the business and total control over all bets placed.
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I will invest, but can't afford £5k.
What share can I get for €2.96  |
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will do hat they do on dragon den
in the first year turnover 500,000 ......50,000 profit second year turmover 1 million......100,000 profit third year turnover 2 mllion......200,000 profit NOW WHO IS INTERESTED |
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Oh well, now I am sold, is it okay if I take up all 10 spaces and pay you the £50k straight away?
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If you were on dragons den you would have been down those stairs and on the bus home long before now
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This is not a business. It's a ridiculous idea and I really hope it fails. I'm out.
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