Lazybet.com - The Punters Lounge

PAULM03 · 30-10-2004, 16:23

www.lazybet.com

Just come across this, and it looks attractive on the surface. Does anyone here have any experience of this kind of thing?

PLAYLORD · 30-10-2004, 22:39

I'm the MD and founder of lazybet.com. We're the first big betting syndicate comprised solely of 'ordinary punters' who only need to pay £20 to join. We've already sold enough shares in the tote ten to follow to have far and away the biggest perm ever in this £1m competition and we may well have a crack at the £2m pot in next Saturday's scoop6. Come in early on the revolution.

Joe McNally

DeepBlueDevilFish · 30-10-2004, 22:53

Always do your sums before joining this sort of syndicate. Just had a quick look at the site and, for example, they've set up a 2000 share group to target the Top Ten to follow comp for the jumps season with an estimated top prize of £700,000. If the group won this prize and you had one of those shares then you'd get back £350 which is OK but not exactly life changing. Even winning a £2M Tote jackpot with one of 2000 shares is only £1000 which is again very nice but you're not going to be retiring on it. And of course these examples assume you do win (and I haven't taken off the 7% management fee either !)

aa421 · 31-10-2004, 20:43

The way I read it was that, if they win the Tote Ten to Follow, then you don't get £350 as they are going to put £500,000 of the prize money into a draw, split into £250k, £150k and £100k prizes. I think you only get £100 if they win. (Unless you are one of the three lucky shareholders who gets one of the three big prizes).

Tulenos · 31-10-2004, 23:11

Well, well, well - does anyone even think of joining this kinda thing? This is called an airplane, pyramid and umpteen other names everywhere in the world. The same scheme - the chosen ones win, the lucky rest gets money back + some change, the unlucky rest loses so that the "management" can lead a "lazy" life. C'mon

DeepBlueDevilFish · 01-11-2004, 12:07

Well said Tulenos.

Rickturf5 · 28-10-2006, 23:06

Hi, can Malcolm Boyle please call me, Rick, either on Sunday or one day during the week please.
We have not spoken for a while Mal, but thought it would be nice to shoot the breeze, catch up etc..
Regards
Rick Poplawski.
xxxxxxxxxxxxx
xxxxxxxxxxxxx

Rickturf5 · 28-10-2006, 23:07

See you have a new book out by the way Mal, good luck with that.

Rick

30-10-2004, 16:23	#1 (permalink)
PAULM03 Sabbatical punter Join Date: 27 Nov 2000 Age: 29 Posts: 10,081	Lazybet.com www.lazybet.com Just come across this, and it looks attractive on the surface. Does anyone here have any experience of this kind of thing?

30-10-2004, 22:39	#2 (permalink)
PLAYLORD Newbie Punter Join Date: 30 Oct 2004 Posts: 1	Re: Lazybet.com I'm the MD and founder of lazybet.com. We're the first big betting syndicate comprised solely of 'ordinary punters' who only need to pay £20 to join. We've already sold enough shares in the tote ten to follow to have far and away the biggest perm ever in this £1m competition and we may well have a crack at the £2m pot in next Saturday's scoop6. Come in early on the revolution. Joe McNally Last edited by PLAYLORD; 30-10-2004 at 22:39.

30-10-2004, 22:53	#3 (permalink)
DeepBlueDevilFish God Punter Join Date: 29 Apr 2003 Posts: 6,244 Awards Showcase Total Awards: 1	Re: Lazybet.com Always do your sums before joining this sort of syndicate. Just had a quick look at the site and, for example, they've set up a 2000 share group to target the Top Ten to follow comp for the jumps season with an estimated top prize of £700,000. If the group won this prize and you had one of those shares then you'd get back £350 which is OK but not exactly life changing. Even winning a £2M Tote jackpot with one of 2000 shares is only £1000 which is again very nice but you're not going to be retiring on it. And of course these examples assume you do win (and I haven't taken off the 7% management fee either !)

31-10-2004, 20:43	#4 (permalink)
aa421 Senior Punter Join Date: 26 Oct 2004 Posts: 124	Re: Lazybet.com The way I read it was that, if they win the Tote Ten to Follow, then you don't get £350 as they are going to put £500,000 of the prize money into a draw, split into £250k, £150k and £100k prizes. I think you only get £100 if they win. (Unless you are one of the three lucky shareholders who gets one of the three big prizes).

31-10-2004, 23:11	#5 (permalink)
Tulenos Bohemian NHL Punter Join Date: 02 May 2001 Location: Prague Age: 37 Posts: 11,667	Re: Lazybet.com Well, well, well - does anyone even think of joining this kinda thing? This is called an airplane, pyramid and umpteen other names everywhere in the world. The same scheme - the chosen ones win, the lucky rest gets money back + some change, the unlucky rest loses so that the "management" can lead a "lazy" life. C'mon

01-11-2004, 12:07	#6 (permalink)
DeepBlueDevilFish God Punter Join Date: 29 Apr 2003 Posts: 6,244 Awards Showcase Total Awards: 1	Re: Lazybet.com Well said Tulenos.

28-10-2006, 23:06	#7 (permalink)
Rickturf5 Newbie Punter Join Date: 28 Oct 2006 Posts: 2	Re: Lazybet.com Hi, can Malcolm Boyle please call me, Rick, either on Sunday or one day during the week please. We have not spoken for a while Mal, but thought it would be nice to shoot the breeze, catch up etc.. Regards Rick Poplawski. xxxxxxxxxxxxx xxxxxxxxxxxxx

28-10-2006, 23:07	#8 (permalink)
Rickturf5 Newbie Punter Join Date: 28 Oct 2006 Posts: 2	Re: Lazybet.com See you have a new book out by the way Mal, good luck with that. Rick

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