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Originally Posted by philcski
Scavarino and I discussed this the other day... if we could work out some of the logistics it'd be fun. Perhaps we could put a group together to chase the Spa meets' pools on both coasts- honestly, $10k would be the minimum to be competitive.
We can't be any worse than the Twinspires players' pool, who trumpeted that they had 5 of 6 yesterday four times... (on a $47,000 ticket  ) |
I just sent Byk a PM to talk about it, I want his blessing on this first before we get nuts. I already have 4k spoken for on this. My idea, since you decided to go public with it already, is....
-10k start, from November 1st to October 31st (BC is end)
-3 executors that buy in for 1k a piece, the other 7k is bought up by investors, minimun $250 (max 2 shares)
-tickets are played into pools with AT LEAST 1 million in the pool
There is a way that we can have a conference call each time, so people can actually gain some knowledge from us bozos. The conference call system is like $10 per call, unlimited people, and I think there is a way to mute everyone but the commentators.
I am all for running this shindig, I would just need some advice on how to handle taxes because you can do it a couple difference ways.
I would also have no issue starting this from July 1st to October 31st as kind of a feeler, we get 5k together for 4 months, play 5 tickets, with one of them being on the BC, and see how things work.
July 1st details
-Three people put in $500 each, the other $3500 put together by $250 shares (14 shares) (max 2 per person)