Interest in this betting syndicate Requires Reading This Article prior to applying.
(To download a copy of this article Click Here )
Note: The only way this betting syndicate can have success is with a horse racing database. I am the only individual, separate from the horse racing corporations that owns a horse racing database that includes all the races tracks in the USA and Canada. In addition I have Benter’s algorithms (who amazingly was not a horse player) and with his success and my 30 years of tracking and betting with statistics. I have what it takes to create the necessary program for this syndicate to bet with.
This syndicate will be assembled in stages with the first one offering 40 shares into this syndicate at an investment of $6,000 per share. One person can apply for more than one investment. Acceptance is contingent upon accepting the terms of the agreement. After acceptance of the 40 investors no additional syndicate partners will be added and participation will be closed and we’ll proceed to Stage 2.
Stage 2 Setting up the Syndicate LLC. 40 Shares total $240,000 of which $40,000 will go towards setting up the LLC and paying for writing the betting program. (This will take approximately 3 to 3 1/2 months to build). The $200,000 will fund the syndicate bets. Me and my partners from my edbain.com company will maintain ownership of the database and these same partners will own 60% (60 shares) of the newly established Syndicate LLC. A horseracing database of this size has a value of 1 million dollars. edbain.com and it’s owners investment is an agreement to loan the database to the syndicate to build the algorithms for the betting program and will maintain the direct data feed to the syndicate for 1 year for no fee after which is defined in the terms.
Stage 3: Once the program is built Ed Bain will make all the decisions for the bets that this syndicate make and each bet will be for $2,000 a race. The syndicate will maintain a balance of $200,000 and at the end of every month all profits will be split among the investors and paid by percentage. As an example, if the syndicate made a profit of $100,000 after maintaining the balance of $200,000, each share will receive a payment of $1,000. It is important to note that the syndicate will send you a 1099-Misc at the end of each year for all profits paid and it will be up to each investor to pay the necessary taxes on the amount paid. Should the money wagered fall below $200,000, the amount of $200,000 must be rebuilt and then all profits above the amount will be dispersed to each investment.
In the future should any investor want to sell their shares in the syndicate the current members have the first right of refusal. If no one is interested in purchasing their shares and someone outside the syndicate wishes to purchase them, they must agree to the terms. Ed and/or Susan Bain will have the right to approve or disapprove new client.
At the end of one year the syndicate will pay edbain.com (the owner of the database) a monthly fee for the database feed.
For details or should you have any questions please visit the Syndicate Blog
For details as to what to expect after making an Investment Click Here .
To Invest: Click Here for 1/2 down now and balance in 30 days .
To invest in a full share Click Here .
To mail information via check please contact me at via email at firstname.lastname@example.org for syndicate mailing address.