A classic case of thread hi-jacking, General. So flagrant, it could be use for Hi-Jacking 101...:lolBIG:
But we got marc, D2bets, Concorde and other gentlemen on it with some good opinions... so it's just a matter of sorting it out...
Even Landerette has made a couple of not so dumb statements :finger:
nimue77 said:
Let's not get carried away here, folks.
Forbes puts the guy's net worth at $1 billion. TOW estimates that he/Mansion lost $20 million so far.
That's 2% of his net worth that has turned into cookie dust, and if you think that's peanuts to him, think about this ...
If you're worth $100K, does losing $2K bother you ? It would bother me.
If you're worth $1 million, would losing $20,000 bother you ? I wouldn't be happy.
If you're worth $10 million, would losing $200 Grand bother you ? I wouldn't like it.
Does this train of thought carry on, all the way up to $1 billion. Not sure, but it might.
It still doesn't mean that the guy's going to stiff anyone, but he can't be particularly happy about losing that much money.
Hal good point, now how about some counter-point?
Forbes had him at $1.3B in 2001 with his net increasing at roughly $ .2B per year. It's now 2005 so lets assume he is closer to $2 Billion now. If he is invested in simply T-bonds, that's a return of $100m /yr or $8,000,000 USD a month. He has lost what? less than 3 months of interest?
The kind of money he has, continues to make, as well as the ongoing return on his billions makes it hard to draw an accurate analogy. What's more of a risk is he probably hates to lose which may cause him to scrap the project way way before he feels a finacial pinch.
Forbes had him at $1.3B in 2001 with his net increasing at roughly $ .2B per year. It's now 2005 so lets assume he is closer to $2 Billion now. If he is invested in simply T-bonds, that's a return of $100m /yr or $8,000,000 USD a month. He has lost what? less than 3 months of interest?
The kind of money he has, continues to make, as well as the ongoing return on his billions makes it hard to draw an accurate analogy. What's more of a risk is he probably hates to lose which may cause him to scrap the project way way before he feels a finacial pinch.
JohnBuzz said:
http://www.forbes.com/finance/lists/76/2004/LIR.jhtml?passListId=76&passYear=2004&passListType=Person&uniqueId=5SDU&datatype=Person
Forbes has him at $1 Billion flat for 2004 ... looks like he lost a few shekels since '01.
Maybe some of the states sued his ass off for selling the cancer sticks.
He most likely loves to gamble and is playing with mad money. He doesn't sound like a worry about the interest kind of guy. What better way to gamble than have your own high stakes book writing sharp punters for what to him is small money but yielding some nice plays he can follow. Remember guys with that kind of money get great deals from bookmakers so most likely getting the numbers he needs to play sharp Mansion action would not be a problem like it would be for the average bettor who happened to be getting the steam that is beating the book.
wil.
wil.
Sharp post, Wilheim. I tend to agree to a certain extent, God only knows what kind of market this guy controls in the Asian betting arena. Maybe as Halifax says, it's all a big scalp for him.
As much as everybody likes to speculate, there are some things that seem to be true at this time:
- "Even if their owner is a billionaire this is no guarentee of being paid if things go wrong. The laws are such that it is easy for a parent company/owner to slip out the door unscathed once a company goes into administration. They would have no obligation to pay, it would be a question of personal ethics of the owner." Quote from a player at arbbest.com (Thanks for the links Halifax!)
- If that statement is true, it's also true that EVERY other sportsbook that we regard as solid nowadays, went through a period of time when people doubted what they were doing. Many times I read about Pinnacle's model being too risky to prevail... over $4Billion (2004 only) in turnover after, Pinnacle has proven to be here to stay. Will Mansion be here 3, 4, 5 years from now? Only time will tell.
- Mansion is not on the screen. This means many sharpies hit their off- numbers here before they go anywhere else. This is probably why they have been anticipating the moves as of late. But if they intend to take on Pinnacle, they better learn how to manipulate that juice. The very essence of the reduced juice model is the fact that the straddle is not the same at -105/-105 as it is at -145/+135. Mansion needs to understand this.
- The changes in their top management positions indicate this company is still going through a period of adaptation. And it will likely take some time before it gets to where it wants to be. And they need to get more sharp oddmakers on that helm.
Little seems to have changed since the first posts on this book: http://forum.therx.com/showthread.php?t=247010
Good luck players. Let's hope the Mansion story will have a happy ending for all involved.
:toast:
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I've said this before and I'll say it again about Mansion...
I wish other sports books had as much money behind them as Mansion does, and I also like the fact thay when I ask for a withdrawel, I get paid in lightning fast speed...
As long as they cater to sharps and squares, how can anyone say anything bad about them?
THE SHRINK
I wish other sports books had as much money behind them as Mansion does, and I also like the fact thay when I ask for a withdrawel, I get paid in lightning fast speed...
As long as they cater to sharps and squares, how can anyone say anything bad about them?
THE SHRINK
They are simply the best!
They have money.
They put up original prices. (Not the wanker stuff Pinnacle has)
They are the only book where East meets West. (All others that tried so far failed)
They have big limits.
What more does one want, Shrink?
By the way whenever I read something negative about this book on another forum; I guess they are just jealous that they do not have them as an advertiser!
They have money.
They put up original prices. (Not the wanker stuff Pinnacle has)
They are the only book where East meets West. (All others that tried so far failed)
They have big limits.
What more does one want, Shrink?
By the way whenever I read something negative about this book on another forum; I guess they are just jealous that they do not have them as an advertiser!
