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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. DOMAIN ILLUMINATI

    DOMAIN ILLUMINATI Owner of ▲ the most expensive domain of all time. VIP Gold Account

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    I am in no way involved in this matter, I just don't consume food without getting first the producer's confirmation that it is edible ...
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. johnn

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

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    The only way to find out if the deal is for real is to call Rick's wife.
     
  3. CraigD

    CraigD Top Contributor VIP

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    BestOdds.com website is currently/still branded as DomainKing.com

    https://www.domainking.com/index.php#domenu
    The listing reads:
    BestOdds.com (SOLD) | VALUE: $1,800,000 | LEASE: $10,000


    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 (?)
     
    Last edited: Jan 29, 2021
  4. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    visit the domain it moved,
     
  5. CraigD

    CraigD Top Contributor VIP

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    Thanks - yes it has now
     
  6. Mytz.com

    Mytz.com Top 4L [email protected] ieie.com CuTu.com NeSu.com QAMI.com PRO VIP Gold Account

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  7. Dave

    Dave Top Contributor VIP ★★★★★★★★★★

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    Let's just say that the odds were in his favour.
     
  8. CraigD

    CraigD Top Contributor VIP

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    It's very simple.

    He holds out for what he calculates to be the maximum price an end-user will pay for prime domain real estate.
     
  9. DOMAIN ILLUMINATI

    DOMAIN ILLUMINATI Owner of ▲ the most expensive domain of all time. VIP Gold Account

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    upload_2021-1-29_2-53-34.png
    No doubt, SOLD means SOLD, sure - but VALUE means (VALUE and) in no way it means that this amount has been paid.
     
    Last edited: Jan 29, 2021
  10. DOMAIN ILLUMINATI

    DOMAIN ILLUMINATI Owner of ▲ the most expensive domain of all time. VIP Gold Account

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    This statement does nowhere say that it was sold (nor it does say it was sold for $1.8 Million) because the last part of the sentence ("... and then I get 10 years of royalties which will be another $1.8 Million.") can also be meant (and therefore understood) in a theoretical sense.
     
    Last edited: Jan 29, 2021
  11. WhoaDomain.com

    WhoaDomain.com WhoaDomain.com VIP Gold Account

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    yea. that's why I hand reg ForSaleBoat.com. Url Shortener for............

    ForSaleBoats.com regged 1998
     
  12. Rick Schwartz

    Rick Schwartz Domain King RicksBlog.com T.R.A.F.F.I.C. PRO VIP ★★★★★★★★★★

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    Buyer asked me to remove the blog post earlier today even tho no NDA was ever discussed.
    I simply granted his wishes in this particular situation.
    But you can't unring a bell. This is a solid deal.
    Hope that answers all questions and doubts. Good luck to all.
     
  13. clickcents

    clickcents 199Names.com-The $199 Domain Aftermarket Gold Account ★★★★★★★★★★

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    Hearty congratulations..Wonderful sale..!! You have shot the rocket in starting of the 2021 year itself..😇 Good luck for more to come...
     
  14. nametrekker

    nametrekker Established Member ★★★★★★★★★★

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    Bravo, Rick --- if you have the event in Asheville this fall, let's celebrate.

    Also thanks as your gobet.com and bestodds.com sales will spur me to finally put my betting/casino/sportsbet domains up for sale. I was waiting for online betting being passed in Florida and California.

    Most of my betting domains are .com, but many .de, .io, .org, ,uk, .it and .me ...in fact I own bestodds, topodds, freeodds, liveodds and odds in a few cctlds, but .com is the KING

    Crack out the good stuff, Rick! Cheers
     
  15. Debasis

    Debasis Restricted (Market)

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    Agree. Post vanished.As the news came i posted.
     
  16. Debasis

    Debasis Restricted (Market)

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    Thank you Rick for Clarifying.
     
  17. M Usman

    M Usman Established Member

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    I know he is king, but 3.6M for 8L domain.
     
  18. pb

    pb Top Contributor VIP ★★★★★★★★★★

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    What does that have to do with anything? BUSINESS is also 8L. :xf.rolleyes:
     
  19. M Usman

    M Usman Established Member

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    B
    Bestodds is 2W
     
  20. iTesla

    iTesla Established Member

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    Which is most expensive domain name in the world? facebook,com = 8L
    This is my own opinion.
     
  21. M Usman

    M Usman Established Member

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    Surprising Industry
     
  22. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    Don't confuse 'domain' with 'company' here.

    But I agree the domain certainly is an important asset for Facebook ;)
     
    Last edited: Jan 29, 2021
  23. DOMAIN ILLUMINATI

    DOMAIN ILLUMINATI Owner of ▲ the most expensive domain of all time. VIP Gold Account

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    The fact that you have removed your tweet about / and your blog post was not the causing reason for my doubts and it is a nice and exemplary gesture to comply with the buyer's wish.

    The reason for my doubt was (and still is) simply the room for interpretation that comes along with some of your statements - and exactly this is again the case in your reply above.

    To say it clear, your statement "This is a solid deal." is way too general (in this context) and could mean nearly anything - in other words, it is simply not a confirmation for DOMAIN ILLUMINATI, that you ...

    ... have sold your domain name bestodds.com for $3.6 million USD (without a discount) and that you already got (at least) the half of the money ($1.8 million USD) in cash or digitally transacted into your bank account (or crypto wallet)) from the buyer (I know that you never claimed that you already got the money - but "getting the money" is the most decisive part of any deal as we all know) and that ...

    ... this deal (especially the mentioned amounts) was (were) in no way cancelled or changed in any way and that all I described in this sentence ("To say it clear, your ... [...] ... happened.") happened.

    In other words, you are still (and will always be) welcome to post a solid (to use "your" term) information = confirmation here regarding this sale - a post that does not allow any interpretation - and I (+ all others who are not sure how to interpret your words in terms of this matter) will be convinced about it, then I will instantly congratulate you with all my heart to your awesome deal.

    All of this does not mean that I have missed your great criticism about the potential danger of "appraisal" - tools, you are absolutely right, they are not helpful and no seriously minded domainer will use these tools to valuate their or other's domain names, some even pay (?!) for using such tools - not knowing that the only valuation that effectively counts at the end is and will always be the one made by the owner.

    Last but not least, to go sure that you won't get me wrong I want add that I do not doubt your word in any way (its just that one has to interpret other's words in the right way and if there is more than one interpretation possible, I am trying to find out which is the applicable one and then it can cause a discussion like this) and if we should ever have a deal I would send you every authcode (or money) before receiving any money (or authcode).
     
    Last edited: Jan 29, 2021
  24. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    I'm sure the two of you will be TOP business partners together. Can't wait.
     
  25. Kingslayer

    Kingslayer Top Contributor VIP

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    This thread just warrants why I don’t report sales anymore and keep business to myself, I came to this decision about a year ago.

    A family member of mine who’s done quite well in life (money wise) told me, don’t tell anyone anything (money wise) not even family members, it will only make people jealous and you see that here and other threads where people report substantial sales, why I don’t know.

    But what I will say is 1) Rick and his sales over the years have been proved as credible, why would he need to lie?

    2) Rick (or anyone who reports sales) are not obligated to prove anything to you or anyone else for that matter, if you don’t believe them that’s for to decide. Only person they have to show credibility of a sale to is NameBio or Ron Jackson 'if' they want this sale officially documented.
     
    Last edited: Jan 29, 2021

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