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Thread: Oops! Star of CNBC Reality Show about sportsbetting expert is a scammer & fraud

  1. #21
    Platinum JimmyG_415's Avatar
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    Tonight its back. I need to read Todd Fuhrman's blog, looks like he ripped this guy and the network for how they chose him.

    Maybe CNBC has the same motto as Chino, 'you can't blame a guy for mistakes he made in the past.'


    2nd Season Of Sports Betting Reality Show ‘Money Talks’ Debuts Tonight

    http://www.gambling911.com/gambling-...ht-031914.html

    CNBC renewed the controversial sports betting reality show “Money Talks”, which premieres Wednesday night (March 19) at 10 pm EDT.



    "Money Talks" takes viewers inside the world of Steve Stevens, a sports handicapper who runs VIP Sports out of Las Vegas. Each one-hour episode follows Stevens and his agents who sell their picks to gamblers looking for any kind of edge. From small-time bettors to big-time whales who put six figures on the line, this is a world built on high risk, high reward and high emotions.

    But Steve Stevens has been called out by a number of Vegas bigwigs, some of whom just stopped short of calling the capper “a fraud”.

    Prior to the show’s first airing, Don Best TV’s Todd Furhman suggested Stevens is part of a “disturbing trend”.

    “We’re seeing a disturbing trend start to emerge; the proliferation of docudramas, movies and articles that lead to sensationalizing dishonest personalities within the sports betting industry,” Fuhrman, a former Caesar’s oddsmaker, wrote in a blog post on Monday.

    “The media consciously chooses to validate the wrong personalities, creating an aura around characters that are no better than modern-day carnies.”

    Fuhrman then went on to point out that “no one, and I mean no one” knows Stevens.

    “My disgust with the topic runs deeper and is with the supposedly reputable network for their half-baked attempt to do appropriate research on the featured personality,” Fuhrman wrote. “Did they talk to respected voices in the field? Did they reach out to actual sportsbook operators? Did they track Stevens for at least two seasons to see if his claims were warranted before giving him his own show?”

    Stevens, was convicted in a telemarketing scam that bilked elderly investors of at least $234,000 nearly 15 years ago.

  2. #22
    Platinum JimmyG_415's Avatar
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    So much BS in this one episode,
    I wouldn't recommend it.

    That article nailed the gist, but didn't catch the obvious mistakes. The days don't match up.

    Has a client in town for 3 days,
    Day 1 loses 11k, Friday nite on LAD in game 1 on the NLCS.
    Day 2 lost 22k, on Miami U, (appeared to be SAT night)
    So they have a big pow wow that night, the guy is down 33k, then he talks him into the 60k bet on the 3rd day W/ Sea (which appeared to be on Sun)

    well game 1 was on friday 10-11,
    Game 2 and 3, were both played, simultaneously, on Thursday nite 10-17, six days later?????
    Wow,

    And this tout using the client's girlfriend? I couldn't even watch those scenes, that guy is such a scum.
    She is stupid as F though. I'd say they have to be a new couple, as usually they only think gambling is cool for like a month to 6 weeks, but she said she wants to get married.........

  3. #23
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    I just watched that and it was terrible. He explains he has a client coming into town for week with a 50K betting bankroll. Stevens says he doesn't just pick the games he helps the client with money management and the plan is to bet 11k on 5 games. Putting 20% of your roll on one game is great money management.

    When he loses the 1st game he has the guy bet 22k or 40% of his roll. Lose that game and has him bet 66k almost doubling the amount of money the guy wanted to risk.

    All this jerk Stevens did was have his customer play a martingale system and then he wants his cut when the customer finally wins a bet. He did a little summary part for all the people who didn't follow that. Stevens talks about how he has the best percentage. WTF? He went 1 of 3 for a 33% win rate. That is really crushing things.

    Quote Originally Posted by JimmyG_415 View Post

    And this tout(Chris) using the client's girlfriend? I couldn't even watch those scenes, that guy is such a scum.
    She is stupid as F though. I'd say they have to be a new couple, as usually they only think gambling is cool for like a month to 6 weeks, but she said she wants to get married.........
    I don't think it is all scripted though. When that Chris guy was telling that other lady he could make her 2 units a week guaranteed, his girlfriend was wincing at his lame scummy salesman talk.

     
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      JimmyG_415: I agree 100 % w/everything written here.
    Last edited by bukowski72; 03-19-2014 at 10:26 PM.

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    I watched it too and echo what you guys are saying. It's laughable they mention "money management" and are doubling down or risking more then one is comfortable doing. To be fair no matter what tout service you bring if it's a commission based and not just selling picks they are all going to pressure their clients to bet bigger and then keep going bigger,etc...

    These guys don't give two shits about their client busting or not but they spend more quality time with the bigger ones in hopes if shit hits the fan they will stick with them longer or if they do win that they can pressure them to bet bigger.

    I wonder where the hell that office is located because it looks like it's in an extremely shitty lot imo.

     
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      JimmyG_415: I agree 100 % w/this post, too.

  5. #25
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    Quote Originally Posted by BeerAndPoker View Post
    To be fair no matter what tout service you bring if it's a commission based and not just selling picks they are all going to pressure their clients to bet bigger and then keep going bigger,etc...

    These guys don't give two shits about their client busting or not but they spend more quality time with the bigger ones in hopes if shit hits the fan they will stick with them longer or if they do win that they can pressure them to bet bigger.
    Exactly, but why not. The faster you turn them out, the more money you make.

    I'm watching the game going ok (I never saw his comm structure, but the other guy was 40-50 %???)
    So the "client" essentially has Cincy 1100 to win 500. And the other guy has 0 to win 500.
    No one is good enough to profit on that deal.

    Its just how can you meet a guy like that and not think total scum. Esp a chick.
    I thought it would be hard for him to get the client up to 1000 because she was there, turned out she helped.
    I'm sure like she felt like she owed him a good one in the sack later.

  6. #26
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    Quote Originally Posted by JimmyG_415 View Post
    Quote Originally Posted by BeerAndPoker View Post
    To be fair no matter what tout service you bring if it's a commission based and not just selling picks they are all going to pressure their clients to bet bigger and then keep going bigger,etc...

    These guys don't give two shits about their client busting or not but they spend more quality time with the bigger ones in hopes if shit hits the fan they will stick with them longer or if they do win that they can pressure them to bet bigger.
    Exactly, but why not. The faster you turn them out, the more money you make.

    I'm watching the game going ok (I never saw his comm structure, but the other guy was 40-50 %???)
    So the "client" essentially has Cincy 1100 to win 500. And the other guy has 0 to win 500.
    No one is good enough to profit on that deal.

    Its just how can you meet a guy like that and not think total scum. Esp a chick.
    I thought it would be hard for him to get the client up to 1000 because she was there, turned out she helped.
    I'm sure like she felt like she owed him a good one in the sack later.
    I didn't see what percent the big player or sucker as I prefer to call them has to pay but I believe it's probably negotiable. LOL @ 40-50% freeroll though.

  7. #27
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    Quote Originally Posted by bukowski72 View Post
    I don't think it is all scripted though. When that Chris guy was telling that other lady he could make her 2 units a week guaranteed, his girlfriend was wincing at his lame scummy salesman talk.
    She was probably also wincing that he was obv trying to hit on the buddies friend.

    The conversation Steve had w/his client after losing the 22k bet but before wining 60k, couldn't possibly have happened, those last 2 games were going at the same time, (probably why they didn't watch the Seattle game.)

    And the other BS, so this guy had 60 k on the game and just didn't know how to get an update himself? He had to rely on Stevens?
    Fucking joke, it seems like some tout from 1980 is consulting them.

  8. #28
    Serial Blogger BeerAndPoker's Avatar
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    Call me crazy but sometimes fail entertains me so I will probably watch more episodes of this show and laugh at how bad it is.

    They do have last nights episode up online if anyone really wants to see the fail that didn't:

    http://www.cnbc.com/live-tv/money-talks

  9. #29
    Platinum JimmyG_415's Avatar
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    Wow, this Chris Pirelli guy just opened a twitter and is just mixing it up w/every tout in town.

    VR, RJ, Todd Fuhrman, Wagering minds.

    Wow,
    https://twitter.com/ChrisMoneyTalks

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    fuhrman was at least talking shit about him and the show, but he went out of his way to talk smack w/VR.


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    The show said he had working been there 3 years or something, I'd bet you could prove that wrong.

  10. #30
    Platinum JimmyG_415's Avatar
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    And now, haralabob.
    Just challenged him to a 100k HU match.


    He just has no clue, he even said on TV, these are Steven's picks, (yet he wasn't handicapping either.)
    Bunch of salesman it looked like to me.
    I'd imagine most telemarketer offices, no matter the product, look like that place.

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    Last edited by JimmyG_415; 03-24-2014 at 08:30 PM.

  11. #31
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    That Chris Pirelli guy came off like a scummy/arrogant salesman in both episodes they have had so far (last week and the early trial pilot for a few months back). I think they said he makes a few hundred grand a year but pisses it all away living the Vegas lifestyle which I'm sure is partly true but wtf knows if he really makes that much.

    I will watch at least a few more episodes because like I said earlier it entertains me how bad it is.

  12. #32
    Platinum JimmyG_415's Avatar
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    That costume for the low man thing, had a ringing of that show. (if it is the one w/ the sat night sales infomercial)

    Would not be surprised if those 2 bosses are friends.


    The whole thing feels like “The Wolf of Wall Street” meets Towbin Dodge’s “The Chopper Show.”





    CNBC bets on Las Vegas ‘sports consulting agency’
    http://www.reviewjournal.com/columns...sulting-agency

    Christopher Lawrence
    is the movie critic for the Las Vegas Review-Journal.

    Email
    Follow on: Christopher Lawrence
    More Columns/Blogs

    By CHRISTOPHER LAWRENCE
    LAS VEGAS REVIEW-JOURNAL
    If the saying “If it sounds too good to be true, it probably is” doesn’t run through your mind while watching the new series “Money Talks” (10 p.m. Wednesday, CNBC), well, you’re just the type of person Steve Stevens is looking for.

    “I’m not a bookie. I’m a bookie killer,” boasts Stevens, owner of the Las Vegas-based “sports consulting agency” VIP Sports.

    Basically, he and his staff will supply bettors with sports picks, either by selling them outright as part of “investment packages” or by taking 40- to 50-percent commissions on winners.

    The VIP staffers will go through 300 names to land two or three new customers, and the process is depicted as a constant churn.

    His top salespeople, like Chris “Mother(expletive)-in’ ” Pirelli are shown dropping 15 grand on a watch at The Jewelers of Las Vegas and boasting of a life of strippers, jet skis and “poppin’ bottles.” (Do people still pop bottles? Really??)

    His least successful employees are shown in a competition to avoid having to come to work in a silly costume.

    The whole thing feels like “The Wolf of Wall Street” meets Towbin Dodge’s “The Chopper Show.”

    “Don’t call and waste my time” for bets of $2,000 or $3,000, says Stevens, aka Darin Notaro. And if you’re curious about just exactly whom you’d be buying these picks from, Google “Darin Notaro,” “fraud” and “prison.”

    “Money Talks” was filmed so long ago that when Stevens/Notaro advises a client to fork over $11,000 on the Dodgers to win the first game of last year’s NLCS, it takes some of the suspense out of it for anyone who follows baseball.

    But that’s nothing compared to the dirty feeling that will wash over you as the “Money Talks” team badgers clients into wagering more money than they’re comfortable with.

    “His biggest problem,” Pirelli says of one client, “is he has no balls.”

    It’s enough to make you wonder, if earning millions of dollars by wagering on sports is so easy, why are they selling these picks and not just wagering themselves?

  13. #33
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    From the last episode they once again have two games going on at once. The first one they watch on October 19th between Ball State vs Western Michigan started at 2pm and the Virginia vs Duke game at 3:30pm which they were supposedly in the studio messing around at that time.

    Stevens also tells this client about his past history doing some jail time for a telemarketing job he had,etc... I wonder if the info about him never got leaked on the net if that would have even made the show which my guess is no.

  14. #34
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    Quote Originally Posted by BeerAndPoker View Post
    From the last episode they once again have two games going on at once. The first one they watch on October 19th between Ball State vs Western Michigan started at 2pm and the Virginia vs Duke game at 3:30pm which they were supposedly in the studio messing around at that time.

    Stevens also tells this client about his past history doing some jail time for a telemarketing job he had,etc... I wonder if the info about him never got leaked on the net if that would have even made the show which my guess is no.
    No shit?, I didn't look that up again.
    I FF through most, I missed the entire fat guy w/his client and the 49er game.
    I missed the entire studio part. I just wanted to see how they got that one guy up 20k,

    It is just so fake, like when exactly is he handicapping these games.

    And the fact that another client doesn't know how to get scores himself???
    WTF is that part of this schpeel, you can't look at the score.





    I saw that part, I doubt he would have if that wasn't the case, but even so, he left alot out,
    He made it sound like he was a stand up guy by not ratting on the guys who taught him how to rip off old ladies.
    He left out the part that he changed his name
    and that he went to jail twice for the same exact thing.

  15. #35
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    I was 95 percent over 2 seasons.

    Just saying
    :freelewfather

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    Any expert of any field will say a reality show based on something they have a lot of knowledge on is fake and garbage.

    Every time.

    This is enough info to tell me that reality tv shows are fake and garbage.

    Every time.

  17. #37
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    I should just DM B+P at this point.
    I can't look away.

    2 things that stick out to me this episode
    # 1 he basically admitted keeping a client for more than 2-3 weeks is hard, all about "news", lingo for a new client.
    # 2 He did last night, and Touts in general, seem to be recommending buying points in too many situations.
    Buying from 19.5 to 19???? Fuck you.

    but if you are a scummy tout, why not????
    You got the guy on the hook already, it doesn't come out of the winnings, the client/sucker just pays more juice, and it gives you a slightly better chance of winning. Win win.
    Every now and then is fine, but 20 cents to get 6.5 over 7 is not worth it. I'll take the tie.

    Even then he was wrong again, he likes to buy the hook when the spread is 7 or 10, not 3???????????????

    It seems to me this guy doesn't know shit about sports,
    hard core sales tactics...............yes,
    football ...................................no.

    EDIT so at 40 % comm, she basically had 1650 to win 900.
    or 183 to win 100, (instead of 110 to win 100)

    you'd need to hit at 65 % to breakeven.
    Last edited by JimmyG_415; 04-03-2014 at 11:02 AM.

  18. #38
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    The keeping a client for no longer then a few weeks thing is probably true if he really comes off as scummy to them as the show has portrayed him to be.

    It seems crazy in today's world that anyone would pay a vig for 30-50% on winnings for his services. Their are so many other various tout's you can use if you really are into that which charge a flat fee for their picks and then you have many other smart handicappers that hand out free picks all the time now.

    Anyone who uses Steven's picks on a hefty commission basis are getting freerolled. The only thing they may get out of it if they lose is free drinks at a bar or the place he takes them for leisure time to try to build their confidence in him.

    From the way the show has gone he has various local clients in town for a weekend which he uses what he calls a bankroll management program betting 20-40% of what they have per game which is laughable because that is a high risk high reward play so I wish they wouldn't call it bankroll management. If the client wins he starts pushing them to bump bets and if they lose he may push them to bump as well to get ahead. This aggressive high risk nature will lead to clients leaving his ass when they bump up a few times and go bust because of his pressure or they just realize paying such a huge vig is completely asinine.

    One thing I'd like to know is for regular customers he may have how often are they settling up? Lets say Stevens wins a client $30k over a weekend and the client wants to continue betting. I'd assume he pays Stevens his cut of $12k or whatever then starts the guy off like he's betting new BUT from the way it appears Stevens likely tries to force the client to bet more now so the guy goes on a bad run, loses $60k, and just tells Stevens to fuck off which he does but only after he got $12k from the guy over the first weekend and had the attempt to make much more because of his aggressive pressure that the client got pulled into because Stevens won for him at first.

    I thought that line of bullshit where he forced the guy to buy the half point but claimed he wouldn't give someone a pick if he thought the game would be that close. REALLY??? I mean if your that confident so and so wins by much more then the spread why is the half point that necessary?

    When you break down the math I just don't know why anyone would use a tout service in today's world with lines that are more sharp then 10, 20, etc. years ago. One thing that is true that they seem to do in this show is bet a lot of small to mid major conferences which their are more spots to make money then with the bigger schools.

    Stevens is running a low budget with high reward business. What he does is scummy for sure but if someone is that much of a sucker to pay for these services then it's sort of hard for me to feel bad for them because they would likely throw away money elsewhere on whatever it might be.

    You can't hit 65% all the time and having to do that to break even is laughable but when you factor in they are forcing people to bump their bets up it's just a recipe for the client to go broke at which case the tout likely waits for that until they got at least one payday.

  19. #39
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    Quote Originally Posted by BeerAndPoker View Post
    One thing I'd like to know is for regular customers he may have how often are they settling up? Lets say Stevens wins a client $30k over a weekend and the client wants to continue betting. I'd assume he pays Stevens his cut of $12k or whatever then starts the guy off like he's betting new BUT from the way it appears Stevens likely tries to force the client to bet more now so the guy goes on a bad run, loses $60k, and just tells Stevens to fuck off which he does but only after he got $12k from the guy over the first weekend and had the attempt to make much more because of his aggressive pressure that the client got pulled into because Stevens won for him at first.
    Yup, get as much $$$ as fast as possible, before they realize they got got.
    Plus it is easy after a few wins, the client is going, "F I should have bet more."

    Yeah the buying points, totally contracting himself.

    And as for the small schools, that makes my point, when is he supposedly making his picks?????
    If you are a small school specialist, you don't watch the games? I just don't see this guy, watching all the games on tape later, or using saber metrics to breakdown the box scores, or anything like
    Even when they do say why they made a pick, its like "2 high scoring teams, so I took the over." ...................OK, good insight, I'm sure the guy setting the line didn't know that.

  20. #40
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    That kid Tyson he was terrible to a point that was so scripted (and by that I mean worse then other stuff) otherwise their is no way that guy has this job even if he's supposedly family.

    When your running a freeroll where the backer fronts the money you could be picking 50% winners and still show tons of profit for the times you do get ahead after a few games which gets settled up.

    I'm wondering as well how he is making his picks. I could see why anyone in his line of work wouldn't want to share exact specifics they should at least provide a sample of where these picks are coming from even though like I said with his heavy vig all he really needs to do is flip a coin, tell his client to bet on that team, and when he loses he's never out money that he already has.

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