Half a croissant, on a plate, with a sign in front of it saying '50c'
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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

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       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
   


 

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