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information Rick Schwartz sold BestOdds.com for $3.6 MILLION

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Rick Schwartz sold BestOdds.com for $3.6 MILLION

As he known as DomainKing He sold the domain bestodds.com for
3 6(1.8+1.8)M

1.8M would be the royalty and @estibot appraisal price was $730 and now it's showing even lower $530 .( Keeps changing)

Also he commented on estibot and other domain appraisal tools #fail #fake and #f¢ukedup .
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
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Get over it, it's his money.
There is nothing for me to overcome, I just answered your question.

No problem if you prefer to evade the question I stated (what R. S. exactly meant with "solid" deal), it is anyway only he who could answer it.
 
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There is nothing for me to overcome, I just answered your question.

No problem if you prefer to evade the question I stated (what R. S. exactly meant with "solid" deal), it is anyway only he who could answer it.

@Rick Schwartz has made 42 posts on nP. I'm afraid he won't explain or discuss this further with you. That's why I suggested to let it go. He made a great deal.

The number 42 is, in The Hitchhiker's Guide to the Galaxy by Douglas Adams, the "Answer to the Ultimate Question of Life, the Universe, and Everything", calculated by an enormous supercomputer named Deep Thought over a period of 7.5 million years.
 
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I'm afraid he won't explain or discuss this further with you.
No problem for me, I don't need to know it - but in case he wants, he can explain the community what he meant.
 
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Maybe he meant so lit with solid in this case, I don't know ...
 
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I agree that the sale should be verified. Maybe @Ron Jackson can help us with that. However, if it is a money laundry scheme, then wouldn't you think it would be a profound gaffe to announce it to the world via tweet or blog post?

It is very probable that the sale was not all pure cash.
No! It is not likely to be money laundry. You see there are three things in play there. One is the personalty of the seller and the second is that "the beauty is always in the eyes of the beholders" The pocket of the buyer is the third factor..
That is the worth of the domain by the buyer. You know it depends on what he wanted to do with the domain and his pocket worth.
 
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best odds com... gambling site.
best odds are always on the side of casino. only a fool does not know it.
bad name for gambling in terms of marketing.
a neutral name (with "odds" key) is at least better than this in this case. imo
 
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After a quick research on the matter, I believe the report by Rick about this sale is not fully truthful. It makes no sense from every angle you look at it, and here are the main reasons:

1. The basics: As noted previously here, “Before the page on his blog was removed in the last 12-hours, he stated: "The domain itself is priced at $1.8 Million (that was also the listing price) and then I get 10 years of royalties which will be another $1.8 Million." I'm quite surprised that no-one has noticed this."
Lol. So Rick did not even explicitly say that he sold the domain (why is he so reluctant), instead he said it was priced at xxx, and that he expects to get xxx royalties. And then he posted here "But you can't unring a bell. This is a solid deal." So solid, it is not reported anywhere independently.
Further, Rick is still the owner of the domain according to Whois. Why? Why would a company pay $1.8 (or double that) and not even ask for ownership of the domain? Have you seen something like this before at these levels? It is possible but probably indicates that it was not a cash sale we're made to think.
2. Value: Bestodds .net and .uk sold for $1K or less only (source: NameBio). I argue strongly, that the domain bestodds .com simply is not worth 7 figures. One does not need to be in the industry for 20 year to see that. The two word combination of bettingsodds however has a stronger connection. But “best” can be followed by countless words and no other best[some word].com domain sold for over 1 million in history, it appears (correct me if I'm wrong).
3. The product: The sold domain is now what looks like a wordpress-themed site with several dozen posts and affiliate links and an Insta page - it's nice, but wouldn't you expect from a company with a budget $3,600,000 just for a domain, to have bigger operation and revenue model? Had they relied on their affiliate links to cover the so called sale price, they can expect to wait 1800 years, no?

There’s no denying that this man has amazing domains which he got early in the game and obviously had great sales, but it doesn’t mean everything is true because he said so. So I join the users who doubted this, including DOMAIN ILLUMINATI and others. This “news” rather undermines Rick's general credibility, but if he wants to shed better light on this, he's welcome.
What may have happened, is he got some collaboration offer to use the domain from the new owner who appears to have experience in sports betting, and then declared that he sold it for twice the asking price without revealing that he didn't get cash for it as typically happens in domain sales. Why would he do it? Perhaps to maintain the reputation that is so important to him as a domain kind. Some people need this social affirmation, I mean, very few call themselves "kings" and display a picture of themselves next to a fancy crown. Anyhow, good luck to the new site management!
 
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After a quick research on the matter, I believe the report by Rick about this sale is not truthful. It makes no sense from every angle you look at it, and here are the main reasons:

1. The basics: As noted previously here, “Before the page on his blog was removed in the last 12-hours, he stated: "The domain itself is priced at $1.8 Million (that was also the listing price) and then I get 10 years of royalties which will be another $1.8 Million." I'm quite surprised that no-one has noticed this."
Lol. So Rick did not even explicitly say that he sold the domain (why is he so reluctant), instead he said it was priced at xxx, and that he expects to get xxx royalties. And then he said "But you can't unring a bell. This is a solid deal." So solid, it is not reported anywhere independently.
Further, Rick is still the owner of the domain according to Whois. Why? Why would a company pay $1.8 (or double that) and not even ask for ownership of the domain? Have you seen something like this before at these levels?
2. Value: Bestodds .net and .uk sold for $1K or less only. I argue strongly, that the domain bestodds .com simply is not worth 7 figures. One does not need to be in the industry for 20 year to see that. The two word combination of bettingsodds however has a stronger connection. But “best” can be followed by countless of words and no other best[some word].com domain sold for over 1 million in history, it appears.
3. The product: The sold domain is now what looks like a one-person managed wordpress themed site with a dozen articles and affiliate links, and an amateur Instagram page. Would you expect from a company with a budget $3,600,000 just for a domain, to have a stronger team and operation? Had they relied on their affiliate links to cover the so called sale price, they can expect to wait 1800/3600 years to achieve this.

Look, there’s no denying that this man has amazing domains which he got early in the game and obviously had great sales, but it doesn’t mean everything is true because he said so. So I join the users who doubted this, including DOMAIN ILLUMINATI and others. This “news” rather undermines Rick's general credibility. If he wants to shed better light on this, he's welcome.
What may have happened, is he got some collaboration offer to use the domain, or decided to do something with it himself, and then posted the baseless declaration that he sold it for twice the asking price. Why would he do it? Perhaps to maintain the reputation that is so important to him as a domain kind. Some people need this social affirmation, I mean, very few people call themselves "kings" and display a picture of themselves next to a fancy crown. A virtual one, that is.


cannot agree more. had the similar doubt...
 
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After a quick research on the matter, I believe the report by Rick about this sale is not truthful. It makes no sense from every angle you look at it, and here are the main reasons:

1. The basics: As noted previously here, “Before the page on his blog was removed in the last 12-hours, he stated: "The domain itself is priced at $1.8 Million (that was also the listing price) and then I get 10 years of royalties which will be another $1.8 Million." I'm quite surprised that no-one has noticed this."
Lol. So Rick did not even explicitly say that he sold the domain (why is he so reluctant), instead he said it was priced at xxx, and that he expects to get xxx royalties. And then he said "But you can't unring a bell. This is a solid deal." So solid, it is not reported anywhere independently.
Further, Rick is still the owner of the domain according to Whois. Why? Why would a company pay $1.8 (or double that) and not even ask for ownership of the domain? Have you seen something like this before at these levels?
2. Value: Bestodds .net and .uk sold for $1K or less only. I argue strongly, that the domain bestodds .com simply is not worth 7 figures. One does not need to be in the industry for 20 year to see that. The two word combination of bettingsodds however has a stronger connection. But “best” can be followed by countless of words and no other best[some word].com domain sold for over 1 million in history, it appears.
3. The product: The sold domain is now what looks like a one-person managed wordpress themed site with a dozen articles and affiliate links, and an amateur Instagram page. Would you expect from a company with a budget $3,600,000 just for a domain, to have a stronger team and operation? Had they relied on their affiliate links to cover the so called sale price, they can expect to wait 1800/3600 years to achieve this.

Look, there’s no denying that this man has amazing domains which he got early in the game and obviously had great sales, but it doesn’t mean everything is true because he said so. So I join the users who doubted this, including DOMAIN ILLUMINATI and others. This “news” rather undermines Rick's general credibility. If he wants to shed better light on this, he's welcome.
What may have happened, is he got some collaboration offer to use the domain, or decided to do something with it himself, and then posted the baseless declaration that he sold it for twice the asking price. Why would he do it? Perhaps to maintain the reputation that is so important to him as a domain kind. Some people need this social affirmation, I mean, very few people call themselves "kings" and display a picture of themselves next to a fancy crown. A virtual one, that is.

Its defenetly an interesting point of view.

But lets have a look at BestOdds.com:
Who is the new owner (or lets say holder, because according whois datas rick still owns the domain)?

Its is a company called "Stram Entertainment Ltd". By googling that company you'll find some results which says that Limited was set up on Thursday the 21st of January 2021. So that seems legit. We see that the Key Executive is a Mr. Armitage. That mister is also named at the "about us" page at BestOdds.com

When we google that Mr. we will find out that he is an investor who made a lot of investmens / seed rounds in the past (take a look at crunchbase -> https://www.crunchbase.com/person/will-armitage).
The lastest investment was: "Will Armitage invested $4.3M in Global 66."
So i think the numbers which rick published are real. But it is surely handled as a "leasing deal". By following rick for some time on social media for example you know that he prefer that kind of deals more than a simple buy-it-now transaction.

Why is there no other sale with best[word].com?
Domaining is a lot of a lucky game i think. Maybe there was no domainer holding a domain of that kind for a long time and waited till an offer of that volume came in? Or there were no buyers with that kind of budget for other names. Who knows... I mean - we all would that domain let go for... lets say 10k, 20k, 50k, 100k?
 
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@Domainication - excellent input. A reported sale in the domain industry usually means actual transfer of money, not some collaboration or lease/royalties agreement. Apparently, it seems they they did the latter of the two, and did not immediately pay $1,800,000 for this domain name. It's hard to determine what they did, I only noted the inconsistencies and my conclusion, because a sale of this size would have been very extraordinary.
The mister buyer and his new team at BestOdds look very legit; I truly wish them best of luck with their new website (might use it too), and that their agreement with Mr Schwartz pays off. They got a great start!
 
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