Post
Topic
Board Securities
Re: [HAVELOCK] CasinoBitco.in CBTC Official Thread- BIT777/PEERBET ACQUISITION
by
casinobitco
on 13/03/2014, 00:34:46 UTC
What will you do if the sportbook is again not profitable this month? How many months are you willing to lose the gains of the casinogames to the sportbook?
This is no attack, i just want to know what are your plans if the sportbook is a bottomless pit, are you willing to cut it?

As I briefed earlier, I'm looking very hard to mitigate all sportsbook risk for CasinoBitco.in -- I agree, right now it's a big liability, but at the same time, it brings a lot of folks into our Casino and helps us differentiate ourselves from all the other Provably Fair Shops.  

I also stand by the fact that we can make money in the Sportbsook, but it needs to be managed a bit differently than how we're doing it today. Good news is that I've been in sessions with a few market makers, and I think we have a good solution moving forward. Where we are now is just determining the correct pricing, and technical implementation before signing the dotted line. I'm hopeful to have a report for all investors on a moving forward strategy for the monthly report due in Early April.