When Ed and I moved to Vegas we were aware that Nevada does not allow it’s citizens to wager online anywhere except through the Casinos. Meaning if for example we wanted to open a horse racing account with Churchill Downs who offers an online betting account in another State, we would not be allowed to open an account there because of this law. It’s a protection for the Casino’s and it ensures their patrons wager live and not through an out of state online betting account. We did however think that the Casino’s did pay cash rewards, particularly to big bettors and discovered this was not the case.
Undiscouraged because of knowing we will be wagering large amounts, I proceeded to contact each to see what they would offer and to my surprise three of them knew Ed and/or who he was; recalling his 4 + 30s and his Layoffs and Claims. One said he met Ed and me though I didn’t remember but I knew he was sincere cause he mentioned Ed used to call me the Blonde Bomber, meaning I focused on and scored “Signers” on exotic bets and my hair is blonde.
Though Ed and I had been to Nevada a few times through the years, twice when we hosted horse racing seminars, it was so long ago that I never expected anyone to remember. So when I soon discovered none of them offer Cash Rewards on bets but rather perks; Dining, Shows, Free hotel stays, Racing Forms, and special parking (though no yellow cheese sandwiches) I said We are Not interested in these. Each stressed how business was bad since Covid and that they would like the opportunity to see if anything additional could be offered and then asked what I would like this to be.
I replied first and foremost pari-mutual wagering and cash rewards on our bets, a way that I can deposit and withdraw funds electronically from our account, to be able to make our bets electronically or over the phone to avoid having to physically go in to the casino to make deposits, withdrawals or bets, a print out of each bet made along with the payouts for each win And perks (have to ask, you never know). Everyone said they had to present these requests to their administrators and would then get back to me with what they can do.
So…. the best offer and the one we agreed to shows how much they want our business;
The casino will give us half of the cash rewards they receive from the tracks, even on win, place and show which will be the bulk of our bets, electronic transfer of funds, a personal phone line to place wagers and/or a way I can place bets through an app, a print out of all wagers and an accounting of our wins and the cash rewards that will be credited to our account each following day and they offered all this if we agreed to take this in place of perks. To set this up I had to agree to keep the name of this Casino anonymous, and no one outside of our syndicate can know of this arrangement and its contents. They showed me a copy of their list so I could see their actual numbers and so we could see what half of the cash rewards represents. This is the first time we’ve seen cash rewards given on w/p/s and the cash rewards they are offering on all the other wagers are higher than Ed or me have ever received. My assistant transferred all the information to a spreadsheet showing what the 50/50 split the cash rewards in half represents.
With 108 thoroughbred race tracks in our database we will have potential wagers on almost all of the race tracks listed. Currently we do not have any data on quarter horse tracks or most race tracks in other Countries like Australia, Hong Kong, or Dubai with the exception of Canada where we have all.
Re: The Betting program. I’m waiting for an update from the developers. When we last spoke, mid last week they were running into apparently normal issues when setting the algorithms to the module. Apologize cause I don’t know technically how to relay what they say however, they said they were still shooting for being ready by the last day of this month. Usually when they don’t send a quick reply it’s because they’re still working on something and don’t want to answer until they are able to say when and even sometimes when they reply it’s when things are ready. So if we don’t hit the target date of making test bets by the end of the month, I don’t expect them to be too far off from being ready and when they are, with our syndicate betting account we’ll be all set on our end to test.
Just wanted to add that if any of you has someone that might have serious interest in investing and would like me to send them information, please let me know through email email@example.com and I will send them Ed’s books and the Benter article. In addition anyone that any of you know who would seriously consider an investment can for the same initial investment of $6K per share too only because they were referred by you.
We do have potential investors waiting for me to open up the remaining open shares that are outside of our group however, their investment will be for $10K per share. I initially was going to open these shares up to outsiders beginning February however there is a lot of reading for new investors to review before making a decision and I don’t wish to rush so I’m going to wait a few more weeks.
Last addition to this post for the day. One of our investor friends said he laughed when he read about my inability to intelligently relay what the developers are doing in correct terms for you guys. And then he sent me this photo from a previous post and said “You can’t decipher how to explain what they do to make this program function however You can explain this to the developers so we can make this syndicate happen. ” and added “I’d say that’s good enough” 🙂