nickolas rolf wrote: ↑Sat Jan 21, 2023 2:58 pmi am also open for cooporation anyone with strategies and bankroll
Hm, what do you think people think about when they see a first poster asking for... bankroll?
A gambling syndicate
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arbusers
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Hm, what do you think people think about when they see a first poster asking for... bankroll?
Re: A gambling syndicate
Hm, what do you think people think about when they see a first poster asking for... bankroll?
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Scammy!!!
Re: A gambling syndicate
arbusers wrote: ↑Sat Jan 21, 2023 4:32 pmnickolas rolf wrote: ↑Sat Jan 21, 2023 2:58 pmi am also open for cooporation anyone with strategies and bankroll
Hm, what do you think people think about when they see a first poster asking for... bankroll?
Scammy!!!
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arbusers
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Re: A gambling syndicate
FYI we do not encourage this kind of ventures and communication between members for obvious reasons. If you read back from the very start of the forum there are at least 10 people looking for cooperation with campeones. I didn't see campeones encouraging anyone, so I am wondering why people insist.
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Re: A gambling syndicate
Sweden is not on our focus right now, but we will dedicate some people and resources for testing the waters. Thank you.
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Re: A gambling syndicate
understood!
one question, how do you as an company handle taxes, do you invoice your runners, or ivoice them on software they use for the betting on the internet with VAT or without etc.
On the accounting side how do you classify the incomming profit splits from the people
one question, how do you as an company handle taxes, do you invoice your runners, or ivoice them on software they use for the betting on the internet with VAT or without etc.
On the accounting side how do you classify the incomming profit splits from the people
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You need to be more specific. As I said we operate in many countries (more than 20 as we speak) and every country needs a different approach. In most countries we invoice runners for their services only as in reality they provide services. In other countries we invoice them (or we don't invoice them) for the winnings. In some countries you need VAT while in others you don't.
I know the answer is not a great help, but you should be more specific.
Re: A gambling syndicate
nickolas rolf wrote: ↑Thu Mar 02, 2023 8:51 amunderstood!
one question, how do you as an company handle taxes, do you invoice your runners, or ivoice them on software they use for the betting on the internet with VAT or without etc.
On the accounting side how do you classify the incomming profit splits from the people
You need to be more specific. As I said we operate in many countries (more than 20 as we speak) and every country needs a different approach. In most countries we invoice runners for their services only as in reality they provide services. In other countries we invoice them (or we don't invoice them) for the winnings. In some countries you need VAT while in others you don't.
I know the answer is not a great help, but you should be more specific.
- moonbow
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Re: A gambling syndicate
Morning all, (it´s a Rainy Sunday had time to check the Bible here)
Let´s say this might be one of the best content explanatory how things really work! thanks for that @campeones @thomas wilson and off course the BOSS @arbusers
Have to say that most of the last questions related to Taxation do surprise me, IMO this is just an opinion...
MAKE THE MONEY FIRST!
Fiscal and Regulatory environments do shift on yearly based government programs, in my country we do not have Shops, only a government offline bookie called PLACARD with HUGE juice, still the stale lines sometimes allow us to have an edge, like so many other soft bookies around!
Some "payments" to collaborators are made off course has freeroll or profit percentages, Taxation is in my country on the bookie side, they use Turnover based fiscal approach.
I have many contacts from offices & Syndicates in Europe because of our “solid” bookies they have to pay, and are more resilient in Regulated jurisdictions, (Portugal, France etc…)
The problems that I think we all face nowadays is that liquidity has fallen to absurd levels, market makers do rely on $50 lines on opening so that hairdressers can shape the lines, and with so many soft bookies moving on “air” the market gets tougher and so we need new ways to make some money….
There are several types of edges, finding +EV is one, but Betplacing and Volume nowadays IMO are of the main edges we do have to find, do please guys, keep in mind we hold a percentage of the volume we bet… and the limits are not getting bigger…
Here in Portugal happy to help in case someone interested!
Regards
Moonbow
Let´s say this might be one of the best content explanatory how things really work! thanks for that @campeones @thomas wilson and off course the BOSS @arbusers
Have to say that most of the last questions related to Taxation do surprise me, IMO this is just an opinion...
MAKE THE MONEY FIRST!
Fiscal and Regulatory environments do shift on yearly based government programs, in my country we do not have Shops, only a government offline bookie called PLACARD with HUGE juice, still the stale lines sometimes allow us to have an edge, like so many other soft bookies around!
Some "payments" to collaborators are made off course has freeroll or profit percentages, Taxation is in my country on the bookie side, they use Turnover based fiscal approach.
I have many contacts from offices & Syndicates in Europe because of our “solid” bookies they have to pay, and are more resilient in Regulated jurisdictions, (Portugal, France etc…)
The problems that I think we all face nowadays is that liquidity has fallen to absurd levels, market makers do rely on $50 lines on opening so that hairdressers can shape the lines, and with so many soft bookies moving on “air” the market gets tougher and so we need new ways to make some money….
There are several types of edges, finding +EV is one, but Betplacing and Volume nowadays IMO are of the main edges we do have to find, do please guys, keep in mind we hold a percentage of the volume we bet… and the limits are not getting bigger…
Here in Portugal happy to help in case someone interested!
Regards
Moonbow
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arbusers
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Re: A gambling syndicate
Thank you all for the contribution to this thread. Let me comment on the bigger picture.
Let's talk about sizes first. Size's vary from a group of 2-3 people, up to the industrial level of exploiting things. We simply can't use a matrix to describe/build a gambling syndicate. There are so many factors that make every case a unique one.
Taxation. In my view, this is the starting point. Due to the fact that many of our members come from the UK where gambling winnings are tax free (for how long really?), we forget this is not the case in the rest of this planet. We have seen dozens of regulations these last years. Some of these regulations (minority) are for the players. For example Brazil is a paradise. Some other regulations (majority) are for the state and taxes, Greece/Germany for example. Others are somewhere in the middle. If you operate in more than average profits, you can't ignore taxes. It is not enough that you know the job and you ''make the money first''. Because some times big money becomes a problem and not a solution.
The liquidity issue is here unfortunately, accelerating after March 2020. These are not the years of plenty and fat cows. The industry is no longer expanding with the exception of the US and LATAM. There is more smart money around than ever. And less dumb money than ever. Let me remind of a prophetic article I wrote some years ago: portal/last-man-standing-pinnacle/
Lastly, some of these syndicates, and I am not referring to Campeones of course, are simply another face of European and Asian Mafia. You don't want to mess with them. Disguised behind companies and titles, these people are indeed Mafia. Also, I am of the opinion that people coming out publicly to brag about their betting record, are actually people with no betting record at all. They simply look for publicity and they get paid from that publicity and not from betting. It is exactly the same with these Crypto guys, BitBoy's Antonie's MoonBoy's MM's and other clowns, not to mention the Veles boys now expanding in the SPX field. People that call them selves ''Robin Hoods'', people that claim starting from syndicates to later buy fancy football clubs, most of them are tax avoidance mechanisms and not real bettors. Of course, exceptions do exist.
Let's talk about sizes first. Size's vary from a group of 2-3 people, up to the industrial level of exploiting things. We simply can't use a matrix to describe/build a gambling syndicate. There are so many factors that make every case a unique one.
Taxation. In my view, this is the starting point. Due to the fact that many of our members come from the UK where gambling winnings are tax free (for how long really?), we forget this is not the case in the rest of this planet. We have seen dozens of regulations these last years. Some of these regulations (minority) are for the players. For example Brazil is a paradise. Some other regulations (majority) are for the state and taxes, Greece/Germany for example. Others are somewhere in the middle. If you operate in more than average profits, you can't ignore taxes. It is not enough that you know the job and you ''make the money first''. Because some times big money becomes a problem and not a solution.
The liquidity issue is here unfortunately, accelerating after March 2020. These are not the years of plenty and fat cows. The industry is no longer expanding with the exception of the US and LATAM. There is more smart money around than ever. And less dumb money than ever. Let me remind of a prophetic article I wrote some years ago: portal/last-man-standing-pinnacle/
Lastly, some of these syndicates, and I am not referring to Campeones of course, are simply another face of European and Asian Mafia. You don't want to mess with them. Disguised behind companies and titles, these people are indeed Mafia. Also, I am of the opinion that people coming out publicly to brag about their betting record, are actually people with no betting record at all. They simply look for publicity and they get paid from that publicity and not from betting. It is exactly the same with these Crypto guys, BitBoy's Antonie's MoonBoy's MM's and other clowns, not to mention the Veles boys now expanding in the SPX field. People that call them selves ''Robin Hoods'', people that claim starting from syndicates to later buy fancy football clubs, most of them are tax avoidance mechanisms and not real bettors. Of course, exceptions do exist.
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Sport is Opium of people, and Bookies are striving to open new costumers, juristiction with these pools of players are great because 99% of them will shoot anywhere , they bet full of BIAS, this creates the perfect environment to sharp bettors.
Allot of loosing accounts, allot of patsy money, and off course, still no Taxation whatsoever.
Bookies are so hooked in getting new costumers that profiling / implementing mechanisms to avoid Sharp bettors are still not in their top of priority, a friend that operates in the industry told me that some Bookies (soft) have more then 450.000 Clients, i cannot corroborate that number but imagine the monthly Turnover on those numbers...
My only question with Brazil is the Currency compared to dollar & Euro has huge volatility, still like the boss said, its maybe one of the best if not the best jurisdiction to bet, for now.
Re: A gambling syndicate
Brazil is trying to implement Gambling Legislation, a country with 220M people were Flamengo has more then 30M fans.
Sport is Opium of people, and Bookies are striving to open new costumers, juristiction with these pools of players are great because 99% of them will shoot anywhere , they bet full of BIAS, this creates the perfect environment to sharp bettors.
Allot of loosing accounts, allot of patsy money, and off course, still no Taxation whatsoever.
Bookies are so hooked in getting new costumers that profiling / implementing mechanisms to avoid Sharp bettors are still not in their top of priority, a friend that operates in the industry told me that some Bookies (soft) have more then 450.000 Clients, i cannot corroborate that number but imagine the monthly Turnover on those numbers...
My only question with Brazil is the Currency compared to dollar & Euro has huge volatility, still like the boss said, its maybe one of the best if not the best jurisdiction to bet, for now.
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Re: A gambling syndicate
A question if you please would like to elaborate a thought, Do you think now that with the opening of China to more "normal" terms with people movements being normalized, the Liquidity on Asian Markets will be somehow recovered?arbusers wrote: ↑Sun Mar 05, 2023 11:47 amThank you all for the contribution to this thread. Let me comment on the bigger picture.
Let's talk about sizes first. Size's vary from a group of 2-3 people, up to the industrial level of exploiting things. We simply can't use a matrix to describe/build a gambling syndicate. There are so many factors that make every case a unique one.
Taxation. In my view, this is the starting point. Due to the fact that many of our members come from the UK where gambling winnings are tax free (for how long really?), we forget this is not the case in the rest of this planet. We have seen dozens of regulations these last years. Some of these regulations (minority) are for the players. For example Brazil is a paradise. Some other regulations (majority) are for the state and taxes, Greece/Germany for example. Others are somewhere in the middle. If you operate in more than average profits, you can't ignore taxes. It is not enough that you know the job and you ''make the money first''. Because some times big money becomes a problem and not a solution.
The liquidity issue is here unfortunately, accelerating after March 2020. These are not the years of plenty and fat cows. The industry is no longer expanding with the exception of the US and LATAM. There is more smart money around than ever. And less dumb money than ever. Let me remind of a prophetic article I wrote some years ago: portal/last-man-standing-pinnacle/
Lastly, some of these syndicates, and I am not referring to Campeones of course, are simply another face of European and Asian Mafia. You don't want to mess with them. Disguised behind companies and titles, these people are indeed Mafia. Also, I am of the opinion that people coming out publicly to brag about their betting record, are actually people with no betting record at all. They simply look for publicity and they get paid from that publicity and not from betting. It is exactly the same with these Crypto guys, BitBoy's Antonie's MoonBoy's MM's and other clowns, not to mention the Veles boys now expanding in the SPX field. People that call them selves ''Robin Hoods'', people that claim starting from syndicates to later buy fancy football clubs, most of them are tax avoidance mechanisms and not real bettors. Of course, exceptions do exist.
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arbusers
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Not really. Today, I read billionaire investor Mark Mobius told FOX Business he cannot take his money out of China due to the country's capital controls. Capital controls are not declared, but they are there.
Re: A gambling syndicate
Not really. Today, I read billionaire investor Mark Mobius told FOX Business he cannot take his money out of China due to the country's capital controls. Capital controls are not declared, but they are there.
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Re: A gambling syndicate
What qualifications should someone have to join a syndicate and in what ocassions is it worth it compared to chill low but steady profit value betting?
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Re: A gambling syndicate
I would like to inform this lovely community that Peru is going to offer some incredible opportunities for those willing to do the extra mile. Why am I saying that openly? Because we decided not to go after these opportunities.
We estimate the Peru will give at least 45 licenses to bookmakers to operate legally in the country. The number could go much bigger at a later stage. Many bookmakers operate in Peru right now, but they are at the grey area. Most of them will be licensed soon.
One of the good things with Peru is that all taxes will be at the operators back, and bettors will not be taxed, at least for the foreseeable future. Those who speak Spanish will have an advantage in this country. I hope that helps. Good luck to all.
Lastly, I am sorry that I do not answer to your questions here and in other threads.
We estimate the Peru will give at least 45 licenses to bookmakers to operate legally in the country. The number could go much bigger at a later stage. Many bookmakers operate in Peru right now, but they are at the grey area. Most of them will be licensed soon.
One of the good things with Peru is that all taxes will be at the operators back, and bettors will not be taxed, at least for the foreseeable future. Those who speak Spanish will have an advantage in this country. I hope that helps. Good luck to all.
Lastly, I am sorry that I do not answer to your questions here and in other threads.
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