Is a bookmaker that offers odds of 1.99 vs 1.99 a good business model?

Bob G

New member
So i was thinking to create some new type of a betting website where people bet against each other, there are no commissions and the odds are super high like 1.99 vs 1.99. I guess (hope...) advertising here is the key. WHen betfair started it wasn't anything new since bookmakers made their money in a similar fashion - mathing bets against customers...but...advertising (think of lady gaga if you will :). No seriously, if i call the website like "p2p betting", "betting house" or any new type of name - then i guess people will see it like something new and might be interested. What do you think?

10x and best of luck in 2011!
 
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