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
What was the question again?

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

[link]






       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
  
      
[annotate]
  


 

back: main index

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