paulwrxboro

Not long

paulwrxboro

on now

harvey

iTrader: (48)

Finished now!

Trout

iTrader: (1)

"Chip on both shoulders!"

"Here, I'll give you a £1000 just to go away!"

Quality

paulwrxboro

the poker bloke should of went in wanting 100k i reckon

DavidBrown

The Poker bloke turned down Bannatyne (sp) who owns casinos, which would have been the ideal way to transition players from the pubs to the big games.. and he had "50,000" hits to his website. Big whoop ? How many page views ? Over how many weeks ? SN probably does that an hour.

EVOLUTION

Bannatyne would have bought him to squash him.


He needs people in his casino's, not playing in pubs. It was obviuos, he took a rather large interest in the domain names dont you think....


And the hits is nothing, you dont know if that figure was individual IP hits, which is far more likely. To compare that to SN, you would need to look at the amout of different members hitting the site a day. SN is used more often than not for chattin, therefore you get a lot of refreshing going on


If he was really that interested, he would have battled it out with the others to give him a deal, all IMO of course

Wish

iTrader: (2)

agreed .... he would have purchased the domain name and squashed the little bloke.


So how much is scoobynet worth ......... LOL

speedking

How can you run a training company if you can't give a presentation ? Those two stand no chance.

EVOLUTION

was that the 2 women, they were V funny

Fantom

I want one of them keyboard things!! Bet I could make it play a good tune LOL

Nick100

Choke a baby anyone ??
I thought a simple nylon mesh through the middle of the polymer would have cured that very easily (c) Nick for a small commission

The Snug Rhino

the ladies were funny...."20% of our companies" turned into 15% of one and 5% of the other..."thats not 20%" "yes it is...if you add it together" seems they were busy eating cake when they should have been at school!

EVOLUTION

i dont get it?

SJ_Skyline

It's spam

Glad to see the Mods are up to speed

paulwrxboro

get that muppet outa my thread

supertouring

PMSL

She saved the chips for he shoulders?

LG John

He was right to do so IMHO. A link with Casino's is not what is required here - he needs to know how to make the game popular in pubs and ironically the buisness will probably have to accept that the pub games side of things will be break-even or probably loss making.

For example say there is a league tourney at a decent local pub each saturday night. It might attract 30-40 players although I'd suggest it would probably be less. An agent of the company is required to go along, set things up, mediate debates over rules and manage the prize pools, etc. Presumably there will be an entry fee of something like £20+2 with the £2 fee going to the league company. The bar benefits from the additional trade for their cut. The £20 goes into the prize fund creating a prize pool of £700 to be split between 1st, 2nd, 3rd and so on. The total money take in fees is £70 and I would suggest the agent is going to want all/most of that for his nights work leaving very little for the business.

At this point none of the Dragons showed any interest and rightly so. The only way to make money with this would be with memberships perhaps where people could join the league and pay an annual fee of say £50 to compete in the leauge events at their pub. With 100 pubs averaging 35 players a pop through the UK you'd get £17,500 in fee's annually. You'd be right not to be impressed.

Now we come to the internet: If through making the pub wing of the business popular you establish a brand name (The Nuts Poker League) you will increase the awareness of that brand name considerably and can draw people to your site (especially if they can compare and contrast league performance, etc, etc). The hit rate on the site goes up attracting sponsors and critically affiliate banners. The guy mentioned that he has a deal to get 27% of a referred players rake for life and this is not uncommon in online poker affiliate deals. In the last 3 months I have played approximately 7-8 hours a week of part-time poker at the NL$.25/.50 and NL$.50/1 levels. In this time I have generated approximately $2000 in Mean Generated Rake. If I had signed up to the site via an affiliate banner I would have made the company hosting that banner $540 (or $180 a month). Now imagine you have 100 players playing in this manner or 1000, etc!? This is where the money in this business is and here alone. The Dragons bought into this becaue they saw the potential to create the name through putting the business out there in the pubs on a break even or loss making basis and in turn that name will generate mega money through its online site.

Nick100

Saxo Boy
I probably agree with your analysis of how to make more money, but you may have missed his business model.
I guess to get around needing a gaming license, there was no prize money. He said eveyone pays £3 to enter and he gets half and the agent gets half - so they might each get £50 per night. The players get points for wininng and the 10 best from each pub at the end of a season (month/year ??) go through to the regional (or national - can't remember) finals where there are big prizes put up by the sponsors - but again probably not cash.

He said he has 1600 members, so if 2 out of 3 play each week paying £3, thats the best part of £3000 a week split between the agents and himself.

Quite a reasonable amount of money, but not as much as the Dragons would be hoping to make !

LG John

I watched it but didn't fully take in what he's said hence avoided that topic fully in my post above. My comment still stands that it's not enough money per week due to the overhead costs. Each event will require an agent to run it and each event won't get more than 40 players in all likelyhood. I just checked out the website (HERE) and as I thought each pub seems to attract around 20-30 players. 30x£1.50 is only £45 profit for the company per event meaning to achieve a weekly turn over of £3,000 you need to be working 1000 pubs. Assuming in each week one agent worked around 4 pubs that's still 250 agents on your books and what happens when they let you down, are sick, etc, etc. It's not like you have much money power to deal with problems with one of your 250 staff! I still believe that the 'physical' side of this business is never meant or likely going to be any more than 'a bit of fun'. An arranged series of events that are popular localy but don't make massive money. The agent dudes are happy because they get £50 notes or so for overseeing a basic pub event and having a few quiet ones themself.

The real winners are the owner (who we saw on the programme) and the Dragon investors who all opperate behind the seen with the website. I notice the website they have hooked up with is Willyhill (cryptologic network), which I presume has a lot to do with it being a British site and being one of a very few networks in online poker that deal with pounds sterling.

As I said on an average night playing 4 tables of no-limit poker at the mickey-mouse £0.50/1 levels I generate around £30 in rake. If willyhill offer The Nuts Poker League 27% of that my few hours of an evening makes the company £8.1. Lets assume that the physical side of the business generates more interest in the community and the league grows in popularity to 6000 members. Lets assume that 15% of those members when accessing the league on line to see how they are doing follow the link to dabble at online poker. That's 900 people. Lets assume over the months another 300 visitors to the site follow the link. Now we have 1200 people - lets assume that each player is only 1/3rd as active as I am and that on average only 30% of the player pool plays online on a given evening. That's 360 players earning you an average of £2.70 a night. That's £6800 per week for doing NOTHING other than refering those players and there are pretty much zero overheads in this side of the buisness with the exception of website construction and maintenance.

HankScorpio

Is Dragons Den the new Property Ladder....?

LG John

Nah, not enough jugs

Andy Tang

iTrader: (3)

But there are a lot of **** on it!!!

sti-04!!

A few **** watching it also

NotoriousREV

Let's be honest, Debra Meaden (or however you spell it) is no looker. In fact, I think she's the Dragon I'd **** last. (Obviously I wouldn't **** any of the Dragons except at gunpoint)

Dracoro

Looks like he's done some deal with William Hill:
http://www.thenutspokerleague.com/

Dracoro

Ond only another 50k hits since filming How much of that is in the last coupla days

Dracoro

Think he also needs to buy nutspokerleague.com/co.uk and have them re-directed.

speedking

Don't get that bit 3000/45 = 68/4 = 17 agents, a far more manageable proposition. Or are you really saying only £3 turnover per venue?