Plp you started a thread the new Proline+ which was in reference to the new Proline but Proline+ is online and Proline is retail. I think people are confusing the two so I started this .
There has been alot of talk about OLG's epic failure with the new proline and lots of suggesting lower sales while I am unsure if they are receiving lower sales I am sure margins are to tight and possibly running a losing game for themselves. I for one think changes are inevitable but unsure if they benefit us any .Zoo has mentioned a boycott of sorts to force change but maybe opposite is better .
I am sure people have noticed the lower odds with Proline then Proline+ this is to do with they cannot offer same odds in store due to commissions. Not sure if everyone seen my post to why they cannot offer 1.91/1.91 in store but short form is they would lose money every bet they take in. So while they do in facted lower the odds in store they have chosen not to do so for superbowl likey for promotional purposes they are in facted offering 1.91/1.91 on coinflip/spread etc.. So they are running a loss any bet they take on these. So betting would actually hurt them
This got me to thinking of humorous ideas to fuck with them . Assuming with effort most can get 3-5% back on plays albeit much harder to get funds down . So if you bet heads and tails @ 1.91 odds its kinda a break even game if including the 3-5% back but OLG is running A LOSS. Furthermore if we a group lay a pile of action on one side together and move the line then bet other side it would the lessing cashback needed from credit cards but OLG still runs a loss. With enough people this could be interesting, So anyone all wanna bet heads tomorrow?
Any other silly ideas that could be comical and possible pointless?
The New Proline
Re: The New Proline
I can confirm that store sales have plummeted, and store owners are bewildered. Stores that previously generate 1K+ sales in a day now get <200 a day.
Rich you are right stores could just make a few % themselves if they just bet both sides of a coin flip prop (5% sales + 2% cashing). Would've been fun if you had excess OLG gift cards, which 2 years ago gave you 20% back in PC optimum points
Rich you are right stores could just make a few % themselves if they just bet both sides of a coin flip prop (5% sales + 2% cashing). Would've been fun if you had excess OLG gift cards, which 2 years ago gave you 20% back in PC optimum points
Re: The New Proline
Just more asides from within the convenience store industry in downtown Toronto. Heard more stories about stores closing. Safety has really gone down big time. 1 store on Bloor street west side of Toronto got window smashed 3x in last 2 years. Didn't lose too much stuff, but window repair was >1000 each time! Plus now installs iron bars throughout window. Just recently broke again, didn't even go into store to take stuff, seems just some crazy person wants to smash a window or two. Rent now about 6K a month for ~1500 sqft.
The above is 1 example but there are many other similar examples of various headwinds. Proline is just another straw on the camel's back. I'm expecting a wave of closures within next 6 months if no change in Proline.
The above is 1 example but there are many other similar examples of various headwinds. Proline is just another straw on the camel's back. I'm expecting a wave of closures within next 6 months if no change in Proline.
Re: The New Proline
OLG just doesn’t belong in the sports betting industry.
Even with single game betting, they would be better off posting odds competitive with those offered at offshore books. Now that they can adjust odds on games as lines move, they wouldn’t be nearly as vulnerable to the edge players out there.
Pinnacle, Bet365 and casinos everywhere are in business because bettors inevitably lose.
I understood in the old system why they would pull an event if a starting pitcher was scratched or a star player was rested. But I never understood why they would pull game(s) where the line movement was minimal. It was still parlay betting, and in the absence of significant edges, the corporation still would stand to win in those instances for the most part.
Even with single game betting, they would be better off posting odds competitive with those offered at offshore books. Now that they can adjust odds on games as lines move, they wouldn’t be nearly as vulnerable to the edge players out there.
Pinnacle, Bet365 and casinos everywhere are in business because bettors inevitably lose.
I understood in the old system why they would pull an event if a starting pitcher was scratched or a star player was rested. But I never understood why they would pull game(s) where the line movement was minimal. It was still parlay betting, and in the absence of significant edges, the corporation still would stand to win in those instances for the most part.
Re: The New Proline
when they update the list, why the hell they have 4 pages of events that are settled and cannot be wagered....
Re: The New Proline
Event list is nasty to look at and is incomplete Givaldo as there is so many offerings without a number so they do not even appear on the event list so no possible way to bet them with paper and must be done with a QR code .
From what I gather stores were booming during pandemic but now since everything is more less back to normal and pile on the typical start of year low sales the difference is quite dramatic . That about right Tshi?
From what I gather stores were booming during pandemic but now since everything is more less back to normal and pile on the typical start of year low sales the difference is quite dramatic . That about right Tshi?
Re: The New Proline
Stores have been struggling for 3-4 years now due to decrease in tobacco sales, rise in rent (especially in GTA). Some stores closed pre-pandemic mainly due to rise in rent, especially in GTA.
During pandemic, many downtown Toronto stores closed, due to lack of tourists and empty office buildings.
Since pandemic and inflation, safety and security has gotten much worse, this is quite noticeable in GTA. Last night my parents walked around their neighborhood Bloor street, within 500 meters of each other a convenience store and a restaurant had windows smashed. Window replacement routinely cost 1-3K on an urgent basis. Grab and go, break-ins have happened in neighborhood stores in last 6 months too.
Change in proline is likely just a last straw for many stores, especially in Toronto area. Remember stores earn 5% play, 2% redeem, so loss of 7% revenue during busy hockey season is quite noticeable. The rule of thumb is that if your OLG sales can cover 50-100% of your rent excluding utilities then it is a good sign. Therefore if a store lose 600-900$ per day of proline, multiple say 20 days a month with good plays, then that's 10000-15000 in lost proline sales, x7% = >1000$ in lost commission. If store rent is anywhere from 2500-5000 per month then that's a substantial loss.
Also I did mention before that store rent have been rising fast, so without more revenue streams, less and less stores are able to cover their rent using OLG commission = double whammy.
During pandemic, many downtown Toronto stores closed, due to lack of tourists and empty office buildings.
Since pandemic and inflation, safety and security has gotten much worse, this is quite noticeable in GTA. Last night my parents walked around their neighborhood Bloor street, within 500 meters of each other a convenience store and a restaurant had windows smashed. Window replacement routinely cost 1-3K on an urgent basis. Grab and go, break-ins have happened in neighborhood stores in last 6 months too.
Change in proline is likely just a last straw for many stores, especially in Toronto area. Remember stores earn 5% play, 2% redeem, so loss of 7% revenue during busy hockey season is quite noticeable. The rule of thumb is that if your OLG sales can cover 50-100% of your rent excluding utilities then it is a good sign. Therefore if a store lose 600-900$ per day of proline, multiple say 20 days a month with good plays, then that's 10000-15000 in lost proline sales, x7% = >1000$ in lost commission. If store rent is anywhere from 2500-5000 per month then that's a substantial loss.
Also I did mention before that store rent have been rising fast, so without more revenue streams, less and less stores are able to cover their rent using OLG commission = double whammy.
Re: The New Proline
Not good to hear Tshi . I have couple stores used to my business and I know they miss it allready . I believe most think I just need time to adapt and I will be back. I still do not concede it is over but I have told them to expect only cashing for a long time .
Looks like OLG has a new way to enforce limits. It appears limits per combination per store is $500. So at 2.00 odds wagering of $500 then of to next store because that store is maxed for that combo .Furthermore any bet over 10 odds max bet is $50 per store . Post if you find things to be different then I just explained as I am just pointing out my encounters and something is most likey a miss
Looks like OLG has a new way to enforce limits. It appears limits per combination per store is $500. So at 2.00 odds wagering of $500 then of to next store because that store is maxed for that combo .Furthermore any bet over 10 odds max bet is $50 per store . Post if you find things to be different then I just explained as I am just pointing out my encounters and something is most likey a miss
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hihiorange
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Re: The New Proline
stumble across this forum accidentally trying to google the new proline pool since the website is a bit wonky displaying the cards
are they taking away the Proline Pools? I was expecting to have basketball/soccer pools up for the weekend...
are they taking away the Proline Pools? I was expecting to have basketball/soccer pools up for the weekend...