Chapter 60

59, The Lottery Center’s Various Slick Moves!_1

Translator: 549690339

After finishing lunch, Lin Mo and Li Jinwen went to the bank to handle the transfer business.

The auction house had transferred the money to him through a public-to-private account before, but now they needed to handle a private-to-private large-sum transfer, meaning it could only be processed by the individual at the counter.

The entire process was smooth,

After filling out the “Anti-Fraud Notification” and repeatedly confirming the identities of Lin Mo and Li Jinwen, 1.32 million in cash was fully transferred to Lin Mo’s account.

Lin Mo also took the opportunity to manage the transfer limit on-site so that he didn’t have to run to the bank every time he needed to deal with a large amount of funds later on.

Afterward, they went to another bank, withdrew all the money from Lin Changshui’s bank card, which totaled 400,000, and, adding the previous 1.32 million, the sum in Lin Mo’s account reached 1.72 million.

Having completed all the transactions, they immediately headed to the sports lottery center to handle the qualification review for the lottery business.

Perhaps because fewer and fewer people were opening brick-and-mortar stores, the efficiency of the sports lottery center was impressively high, and the person who helped them was the lottery area manager from North City District.

A man in his forties, overweight but energetic.

In less than two hours, all the necessary procedures were completed, and the final location for the store was chosen to be at the Nanqiao Stall closest to Future Star Primary School.

At five o’clock in the afternoon, Manager Wang from the sports lottery center placed materials such as tax registration applications, original and photocopy of the business license, original and photocopy of the legal representative’s ID, and original and photocopy of the financial officer’s ID into a file bag and handed it to Lin Mo.

“Mr. Lin, there’s no problem with the procedures, but it will take five or six days for equipment installation and account setup, please be patient,” said Manager Wang.

“Yeah, thank you,” replied Lin Mo.

Lin Mo knew this couldn’t be rushed. After saying goodbye to Manager Wang of the sports lottery center, Lin Mo and Li Jinwen left with all the documents. As soon as they got into the car, Lin Mo suddenly clutched his stomach and said, “Ouch, honey, my stomach feels uncomfortable. I need to use the restroom, wait for me outside.”

Li Jinwen stopped looking through the documents and looked at Lin Mo with concern, asking, “What happened? Did lunch upset your stomach?”

“Shouldn’t be that, maybe just got up too quickly this morning. Let’s not talk much; wait for me a moment.”

Lin Mo opened the car door and quickly made his way back to the sports lottery center, then walked to the door of Manager Wang’s office and knocked.

Knock… knock, knock…

“Come in.”

Upon seeing Lin Mo enter, Manager Wang asked curiously, “Mr. Lin, is there anything else you need to handle?”

“Yeah, there’s something else,” Lin Mo didn’t waste time and got right to the point, “Manager Wang, 1 want to buy some lottery tickets, a fairly large amount. Can it count towards the revenue of my own store?”

He had already found out that the profit margin for the sports lottery was seven percent.

With an investment of over a million, that would be a profit of seventy to eighty thousand – it’d definitely be best if he could get that into his own hands. “How much does Mr. Lin wish to purchase?” Manager Wang didn’t give an immediate affirmative response.

“About 1 million or more, just for tonight’s match between the national team and Korea Country.”

The match was to start at 8 PM, and it was almost 5 PM already, which was why Lin Mo was so eager, feigning a bathroom break to come and buy lottery tickets.

“That much?”

Manager Wang was initially shocked, not expecting Lin Mo to place a bet of over a million right away. After adjusting his glasses, he said, “But the odds for this match aren’t high, you know.”

“Plus, for such a large amount, you can only place a parlay bet, which comes with a 20% tax. It doesn’t seem very cost-effective.”

He had assumed Lin Mo was preparing to bet on the outcome, betting heavily on Korea Country to win.

This kind of gambit was not uncommon.

Many daring company accountants would place large wagers on the stronger team in a mismatched game.

While the earnings might not appear significant, their stakes were large – betting tens of millions at a time.

The sports lottery also paid out quickly; winners could collect their rewards the next day at the sports lottery center and have the funds in their account by the afternoon.

Moving 10 million in funds for a day or two could net a profit of one or two million – too tempting for many to resist.

Of course,

whenever there was an upset, these accountants were often the most likely to jump off buildings.

Take, for instance, the last World Cup where Saudi Arabia beat Argentina; who knows how many people died because of that game.

Without much time to waste, Lin Mo said bluntly, “I’m betting on the score. Just tell me if it can count towards my profit margin.”

It didn’t matter if the sports lottery center couldn’t accommodate his request.

Xiaoxiao had also become acquainted with a lottery shop owner, who allowed her to place bets in his store, guaranteeing her at least half the profit margin.

It’s an open secret in the industry that lottery shops give rebates to major customers.

However, she had to hurry, as ticket sales would stop one hour before the start of a football match.

“That’s not possible, I can’t operate like that,” Manager Wang shook his head, but quickly added, “However, I can issue the ticket in my name, and I’ll just take a 15% cut of the profits.”

15% of 70,000…

Lin Mo roughly calculated, which would be about ten thousand yuan.

Acceptable.

“Okay, then it’s settled,” Lin Mo readily agreed, “Then please send me your corporate account, I will transfer the money into it shortly.”

Lin Mo would certainly not send over a million yuan to a private account, moreover, the sports lottery center already had a dedicated corporate receiving account.

Distinguishing between corporate and personal accounts is quite simple.

Personal accounts are in people’s names, corporate accounts are in the company’s name.

“All right, I will send it to you in a bit,” Manager Wang nodded and smiled, asking, “May I know which score Mr. Lin plans to bet on?”

“The national team just won 2-1 against Siam, and Yankovic’s coaching isn’t too bad; I suggest you may go for 0:2 or 1:2.”

Ha ha.

Good suggestion, but don’t bother next time.

Lin Mo thought to himself while keeping his expression calm, he said, “I’m betting on 0:3, Kore Country wins, I’m going for the big one, money is not an issue.”

That daring?

Manager Wang hadn’t expected Lin Mo to place such a large bet on this score.

But it didn’t matter to him.

As long as he could earn ten thousand yuan in profit, that was enough.

What does it matter what he buys? Whether he wins or loses has little to do with him.

“Okay, send the score you wish to buy to my WeChat later, transfer the money to the corporate account, and I will inform you once the ticket is successfully issued.”

“Thank you,” Lin Mo turned around to leave.

“Mr. Lin, wait a moment,”

Lin Mo turned back, puzzled, and asked, “Is there something else?”

Manager Wang rose from his chair, walked to the door, and after checking that the corridor was empty, lowered his voice and said, “Mr. Lin, I have a small personal request.”

“If you win, I can buy your lottery ticket in full, however much it wins, and I’ll take care of the taxes.”

Huh?

What does he mean?

Sell it to him for as much as he wins, and no need to pay taxes?

Over seven million yuan in winnings, that’s more than 1.4 million in taxes!

Has he gone mad?

Paying out of his own pocket?

Is this some new kind of scam?

Lin Mo had a certain understanding of lottery tickets, but Manager Wang’s request was clearly out of his depth.

Because of his lack of understanding, Lin Mo did not rashly agree, and deflected by saying, “Let’s talk about this if 1 really win, I’m not that confident in this score.”

“When I actually win, we can discuss these issues.”

[New book is here, seeking monthly tickets, seeking recommendation tickets]