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Rick Schwartz sold BestOdds.com for $3.6 MILLION

Labeled as information in Domain Industry News, started by Debasis, Jan 27, 2021

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  1. Debasis

    Debasis Established Member

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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 .
     
    Last edited: Jan 27, 2021
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. lambo.com

    lambo.com CryptoCorp.com VIP

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  3. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    He sure knows the best odds of holding certain names!

    Congrats and if only we all decided to stop donating amazing names to people maybe others would become millionaires from domaining.
     
  4. Debasis

    Debasis Established Member

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    I couldn't hold my laugh 🤣 after seeing this news .,where as the domain buyers Most of them totally depend on these appraisal tools. (Check Buyer request tab)
     
  5. Big Mac

    Big Mac Established Member ★★★★★★★★★★

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    Last edited: Jan 27, 2021
  6. Way3

    Way3 TheMainDomains

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    Yes. Domain sellers should do themselves a favor and stop using those valuations. They're always working against the potential future value.
     
  7. Sourav Patel

    Sourav Patel Established Member

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    Such a great deal @Rick Schwartz
    I have also started to invest in some brandable (x2 keyword COMs). After this, I could never take the appraisal tools seriously. Hope to see some good sales this year. :xf.wink:
     
  8. ReallyBigIdea.com

    ReallyBigIdea.com Established Member

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  9. ecomslice

    ecomslice Top Contributor VIP

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    Scheme
     
    Last edited: Jan 27, 2021
  10. LUP

    LUP Top Contributor VIP

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  11. Mister Funsky

    Mister Funsky Top Contributor VIP

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  12. TCK

    TCK NameOptions.com VIP Gold Account ★★★★★★★★★★

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    Rick is a master negotiator who knows where the real money is.
     
    Last edited: Jan 27, 2021
  13. Samer

    Samer Top Contributor VIP

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    i will mention this every someone says “estibot valued”

    i ❤️ @Rick Schwartz

    Wish active in this forum man! Keep raking millions!
     
    Last edited: Jan 27, 2021
  14. xcloud123

    xcloud123 Restricted (Chatroom)

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    gobet.com.....bestodds.com.............
    The domainKing has even more gambling domains.
    as his list still has
    CasinoGambling.com............and so on..............
    really amazing !!!!
     
  15. TCK

    TCK NameOptions.com VIP Gold Account ★★★★★★★★★★

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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.
     
    Last edited: Jan 28, 2021
  16. DuDD

    DuDD Established Member

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  17. Jv1999

    Jv1999 Wander Aimlessly: Redeemed Knight of the Exo-Tower VIP

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    lol that estibot appraisal at $730 :D... I'm not even sure $730 exists when you're dealing with $3,600,000.00. Would you even notice if you lost $730?
     
  18. kam

    kam Top Member PRO VIP ★★★★★★★★★★

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    No, it's not money laundry scheme. I believed king will not do this.



    When you become a famous people, you may received an invite to have a insider deal with a insider that have power to buy a product / service for their company. Then, they will split the $$$ according to their private agreement after the deal. :xf.cool:

    Not many people can rejects the bait. No matters which products or service and they just keep happening, that's the reason why many people want to become a famous person.:xf.rolleyes:

    Many years ago, a Chinese business insider want to have a deal with me and I rejected it. :stop:
     
    Last edited: Jan 28, 2021
  19. jexi

    jexi Established Member

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    $1.8m price + royalties of $1.8m in 10 years. Well that's possibly not all cash deal, but still huge win for @Rick Schwartz. Cograts.
     
  20. pb

    pb Top Contributor VIP ★★★★★★★★★★

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    The domain was listed for 1.8M and he sold it for double that through negotiation. Let that sink in. :whistle:
     
  21. Goku

    Goku Established Member ★★★★★★★★★★

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  22. lock

    lock DomainUsed.com VIP

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    Don't believe the hype.
     
  23. william

    william Established Member ★★★★★★★★★★

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    Let's be honest, if any of us saw this on auctions today, how many would pay more than the estibot appraisal? Let alone 4, 5, 6, 7 figures as an end-user. Ridiculous. But it only takes one buyer who is in love with a name.
     
  24. johnn

    johnn WeSellName.com PRO VIP ★★★★★★★★★★

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    Rick and I started out at the same time and look at where he is and where I am now.
    I must do something wrong.
    Hang on, let me check with my wife.
     
  25. lock

    lock DomainUsed.com VIP

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    She is planning on spending everything anyway.
     

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