'Money Talks' on prime time CNBC - this business model can't be real


OK, this show has an owner of a “sports betting service” named Steve Stevens who sells “sure thing” picks on football games. He has many employees and a gorgeous lifestyle although he is a greasy type himself.

Model = Stevens takes a 20% commission on winning bets! Plus he pays for a large office, commissions to “salesmen”, card fees, a flat rate of $250 week, expenses, and so on.

The show NEVER shows how they arrive at these surefire picks and Stevens is not a bright guy. There is no research or expert analysis shown. And on the show he loses at least 40% of games he picks.

Is CNBC paying the freight?

Is he taking 20% of the losses? I think not. That’s the business model.