He was an online sports gambling pioneer:
Jay Cohen’s Background
Jay Cohen was born in 1968 in Long Island, NY. After graduating from UC Berkeley he worked as an options trader in San Francisco for Group One where he met Steve Schillinger. At work sports betting was an active topic among traders, and after much discussion, and taking the ideas from the active gamblers on their trading floors, Cohen and Schillinger decided that there was a fortune to be made by supplying sports gamblers with a legitimate business to make their bets offshore. In early 1997 the online sportsbook idea of Cohen and Schillinger was live on the internet. The sportsbook was called World Sports Exchange (WSEX).
The Early Years
While there were older, more established sportsbooks such as Intertops in existence, WSEX was one of the first sportsbooks to cater almost exclusively to online sports bettors. Bets could be made by phone but players were encouraged to make their bets on the website www.wsex.com. The bets flowed into their website and the money poured in. Their new internet business was an almost instant success.
It's amazing how far WSEX has fallen. I remember on one of the Derbies, a bettor bitched that he didn't get paid full track odds when that's what WSEX advertised. Even though WSEX had a disclaimer where the guy shouldn't have gotten paid full track odds, they wound up paying him...and anyone else the right price. I was so impressed, that I actually made a nice deposit there because of their honesty. Couldn't get me to put a dime in that place now. They had that betting exchange that was doing real well, and the they pulled out of the usa MARKET!
people and organizations find it easy to be fair, generous, and treat
other people (clients) well when things are going good and one is
successful. however the true measure of a man or a company is
how he/it acts or treats others during times of adversity.
WSEX's actions and the disappearance of jay, steve, + haden
during this difficult time tell you all you need to know about
their character.
other people (clients) well when things are going good and one is
successful. however the true measure of a man or a company is
how he/it acts or treats others during times of adversity.
WSEX's actions and the disappearance of jay, steve, + haden
during this difficult time tell you all you need to know about
their character.
