Chapter 2099 Hell’s Kitchen Soros
Nate was a little surprised by Hudson's sudden statement.
Seeing his black man looking at Harry who was immersed in the mathematical model with admiration, Nate said helplessly: "Man, what's wrong with you?
What do these kids want to do? "
Hudson glanced at Nick, who hesitated and said, “I may be witnessing the birth of Soros in the gambling industry.
Although the legality of this company is open to question, there is nothing wrong with their business philosophy. "
Nate curiously walked over and stood behind little Harry and looked at it for a long time. This well-informed guy said a little dizzy: "What is this?"
Little Harry looked back at the dazed Nate, grinned and said: "This is a mathematical model of changes in betting odds.
With it, we can have limited control over the odds set by the bookmaker.
This was inspired by a book I read yesterday, and I studied the formulas used by bookmakers’ actuaries…”
As the MVP among swindlers, Nate probably understood what Harry and the others were thinking, but he still couldn't imagine how a gambling company that couldn't control the outcome could reap the benefits of a bookmaker.
Seeing his boss's ignorant look, Hudson curled his lips and glanced at the triumphant Nick, and then said a little enviously: "Theoretically, the betting company's odds can be controlled.
Bookmakers play a zero-sum game, and the odds are what equalizes the bets on both sides.
For example, in sports betting, most sports games in Las Vegas have individual betting limits.
And we all know that only high odds can lead to high income.
If you can control the odds and bet when the odds are the highest, you can force the bookmaker to pay for the unbalanced bets on both sides if the outcome is favorable.
Even if the outcome is unfavorable, the loss is not unacceptable.
This 'hedging arbitrage strategy' can help him avoid the biggest risks, win big when he wins, and lose less when he loses. "
Parker, who was interested, made a face at Mindy, then moved closer to Hudson and looked at the complex mathematical model on the computer. She said curiously: "Can you control the odds of gambling if you learn mathematics well?"
Hudson nodded and said: “Although you cannot control the outcome of sports events, you can obviously control the betting odds.
For example, before a game between two teams, I can first bet $50,000 on one team to win in an unnoticed game, and then immediately invest $80,000 on the same team to win.
At this time, the odds of the other team will change, and I will immediately invest $250,000 to buy another team to win.
If the team that invests 250,000 US dollars wins, although it will lose US$130,000 first, it will win several times the investment of 250,000 US dollars.
Even if he loses, the 130,000 yuan he invested in gambling can stop his losses, and even make a small profit if the odds are right. "
As Hudson looked at Parker's surprised expression, he smiled and said: "Of course, the reality is not like this. There is simply no way for one person to manipulate the odds, because there is an upper limit to the amount of gambling money a person can invest.
Unlimited gambling is generally illegal and the results can be manipulated, making it impractical to make a profit.
But in formal gambling, as long as someone can track the flow of funds, they can use this method to achieve hedging and arbitrage.
If you add professional intelligence analysis and hit the winner when the odds are highest, you can indeed get leeks from the bookmaker.
Of course, all of this requires you to have huge funds, enough people to help you place bets, and most importantly, you must have the vision to choose the winner. "
After speaking, Hudson glanced at Nick and said with a smile: "This kid is very powerful. If what he says is true, then he will have all the errand runners in Las Vegas in his hands...
If he can really use the 'betting on behalf of customers' method to attract gamblers from all over the country to place bets, with a simple analysis and integration, he can use the gamblers' gambling funds to leverage the odds. "
Parker watched Nick holding a chocolate bar as a cigar and pretending to be the boss in front of little Ginny. She said in disbelief: "This kid is so powerful?
I don’t think he is such a smart person…”
Richard looked at Nate, who fell silent, and said with a smile: "What Nick cares about is not winning money at all, what he wants is a sense of accomplishment.
You can also understand it as a kind of vanity..."
Nate squinted at Richard and said in a strange tone: "Is money laundering also part of your plan?
The black money from East Coast and West Coast gangs will eventually flow to Las Vegas casinos, and then be laundered into legal and tradable wealth.
Not only can you use those runners to place bets on behalf of clients and manipulate the odds, you can also use them to launder money.
What do you want to do?
This practice is illegal! "
Richard spread his hands indifferently and said: "We have not considered money laundering for the time being. We are not interested in users' information, nor are we interested in their sources of funds.
I only have 1 million US dollars in hand, which is only enough to invest in a qualified bar. This is only because Principal Alvin purchased the Metropolis Hotel.
The capital we needed to get started was huge, but we didn’t want to ask our family for help. "
As Richard looked at Nate's worried expression, he hesitated and said, "Nick's focus is not on the money.
He wanted to do something, wanted to help some people...
But I consulted some experts, and everyone told me it was a costly endeavor.
Even just establishing a network of errand runners in Las Vegas would require tens of millions in annual operating expenses.
We definitely don’t have money, but since we are all burning money, why don’t we burn the black money and the money earned from casinos? "
Nate looked at Richard in disbelief and said, "Don't you realize the value of your creativity in the Internet era?
When your network is spread and your company is listed on the stock market, you will become the richest young people.
You have all the formal methods to run this website..."
Richard and Nick, who were not far away, looked at each other, and then said to the well-intentioned Nate: "You misunderstood, the purpose of our website is not to make money.
An actuary has calculated for us that unless it goes public for financing, it is impossible for this website to make money in the United States.
The idea is to create a channel for communication between both sides, rather than becoming a sickle for harvesting from both sides.
It is impossible for President Alvin to allow such a company to go public, because capital will change its nature sooner or later. "
As he spoke, Richard looked at Nick with a serious expression and said with a smile: "If it really develops like this, I guess Nick will not be able to help but smash it with his own hands!
This is good for now. We will only try to roll it out in Las Vegas, Los Angeles, New York, and Detroit, and a few major cities for the time being.
In the past, if a young man in Hell's Kitchen wanted to deliver food, he had to have a restaurant owner willing to pay him a salary.
There will be no need for it in the future. Any young person who wants to work part-time can find a new path on our website.
The website may not be profitable, or even burn hundreds of millions of dollars every year, but the significance of this matter is more valuable to us.
We are people from Hell's Kitchen. Whether we break the law or not is not important to us. What matters is whether we can really help some people. "
Nate watched Nick jumping up and down and high-fiving little Ginny, and at the same time applauded Richard for clearly expressing his thoughts...
The veteran liar glanced at Harry, who was still busy, with emotion, and he shook his head helplessly...
Only now did he realize that Hudson's so-called advanced mathematical model was just something these kids used to suck blood from the casino to keep themselves running.
They gave up the opportunity to really make a lot of money, and just wanted to build a platform to help the unemployed make a living.
These children see it clearly better than many adults. What they want is not fancy capital expansion, nor the cruel harvest after cultivating consumption habits.
They adhere to the simplest ideas and work hard to realize their ideals. They have the capital to try and take risks.
They do not do things with the idea of making a lot of money, and even if the final result is not good, they will not cause any harm to the world.
Now Nate is looking back and thinking that the company Nick and the others have created is essentially an errand and part-time platform for a large gambling economic company with the core of profit.
It's just that he, a well-informed adult, thought this platform was too big and too promising from the beginning.
This is particularly in line with Hell's Kitchen or Alvin's style. I'm happy to help, but I can only give you one chance, and the rest can only be done by yourself.
Just when Nate was thinking about whether he should say something, Nick fidgeted with his suit, which was a little too baggy, walked over to him and looked at him and said, "Man, this is our business, I need some advice and help." .”
After hearing this, Nate smiled, spread his hands, and said, "I don't think I can give you much help. In fact, I personally think you are more mature than me.
At least you know the dangers of capital and know how to stick to your ideals. "
Nick frowned and looked at Nate and said, "Man, these are the paths Paxton of the Food Truck Alliance helped us plan. What does this have to do with capital?
We are using casino money to help poor people who want to find work. "
As he spoke, Nick pulled off his tie a little impatiently and said, "We are going to recruit enough errand boys. You guys can help us think of something.
I have to form a gang of errand boys, and then go beat up those bastard gangs and make them hand over all the errand boy business. "
Nate looked at Nick in disbelief and said, "You called us here because you just want us to help you come up with ideas to seize territory?"
Nick nodded matter-of-factly and said, "Otherwise? Do I have to go back to Hell's Kitchen for help for such a trivial matter?"
Feeling insulted, Nate said angrily: "We are liars, not thugs, what do you want us to do?
Go to the gangster's lair with a submachine gun and kill them all? "
Nick looked at Nate with disgust and said, "Alvin said, we in Hell's Kitchen believe in persuading people with virtue.
We have to find a way to get those gangsters to get out of here, and then I can take over their valet betting business. "
As he spoke, Nick glanced at Elliot, the thug who was eager to try, and he said a little excitedly: "Hurry up, I've even thought of a name for the gang, it's called 'Hell Ghost Gang'!"
Nate looked at little Ginny sitting with her cute face, and little Morgan sticking out her tongue and looking at him with a vicious expression...
He hesitated for a moment, and finally said with a helpless smile: "Okay, you guys look scary!"