Money Talks is an absolute farce
elwayisgod
Senior Member
Holy Moly,
First off I have been doing this for 20yrs and have heard of every service out there probably
. Never have I heard of Steve Stevens. Turns out he's really a felon named Darin Notaro anyways. I watched a few shows and what a complete joke. Dude takes 50% commission on winning plays? Player is stuck with losing plays. Who in their right mind would pay that kind of commission let alone not net it with losers? If his clients place all their bets at LVH for big $, they are getting a 1099 at end of year too. So if they hit 60% of his plays, which we know he doesn't, on 100K(To Win) in bets they would win 60K and lose 44K. Player would have to pay Notaro 30K of the 60K so they win 30K and lose 44K. 14K loss. In order to break even one would have to hit around 66.5% of their plays to break even.
People, please don't tell me anyone has fallen for this crap :thumbup1:
Sorry for rant, but it's a total sham.
First off I have been doing this for 20yrs and have heard of every service out there probably
. Never have I heard of Steve Stevens. Turns out he's really a felon named Darin Notaro anyways. I watched a few shows and what a complete joke. Dude takes 50% commission on winning plays? Player is stuck with losing plays. Who in their right mind would pay that kind of commission let alone not net it with losers? If his clients place all their bets at LVH for big $, they are getting a 1099 at end of year too. So if they hit 60% of his plays, which we know he doesn't, on 100K(To Win) in bets they would win 60K and lose 44K. Player would have to pay Notaro 30K of the 60K so they win 30K and lose 44K. 14K loss. In order to break even one would have to hit around 66.5% of their plays to break even.People, please don't tell me anyone has fallen for this crap :thumbup1:
Sorry for rant, but it's a total sham.
Comments
I watch it because I know that people will bring it up in conversation and I want to be able to criticize it intelligently/defend the sports trading industry. It's so hard to watch. I tape it and force it down my throat once a week while doing cardio. It's an absolute abomination.
They really need to more accurately describe the show, which is a boiler room operation. If they were honest about that, then I wouldn't have a problem with it. But the fact that they try to portray "Steve Stevens" as some type of big time sports betting advisor is misleading and unethical. It casts the industry in a bad light at a time that is pretty damn critical with NJ's case seeking writ of certiori from the Supreme Court and with this new Coalition Against Online Gaming trying to pass legislation. You'd think such elevated figures in our nation's legislature and judiciary would not be so naive as to be influenced by such garbage, BUT I'm afraid you'd be wrong...
Good post. Totally agree. The show only feeds the negative stereotypes of sports betting. The lack of transparency by CNBC is really sad. I mean, even Stevens' "clients" are not real; they're paid actors from other reality shows.
Pirelli "we're gonna buy that half point" pretty much regardless and the Pirelli Lounge. His GF is smoking.
Steve MJ Stevens "absolute blowout winner" has never taken an underdog of more than +1. And his rhetorical questions and self-answers
Paula is pretty good for 40
Lee Pappas. Mr B. , Joelllll, The British clown and the sports betting prada, gucci girl
It's laugh out loud funny.
It's is my guilty pleasure in comedy.. My wife keeps on asking me why I watch it, cause I do is laugh at how stupid it is and all the bullshit he does on the show.
Then I will ask her, why did you watch Jersey shore...lolll
Bigger picture, would have to agree completely. My comments were coming from my, or our, perspective just watching the show as a guilty pleasure.
It is a very critical time in legislation the next 5-10 years could see some major progress in the industry. Here's hoping Steve Stevens is not the face of that movement.