First and foremost, let us all know that the idea for this topic emanated from users comments on my previous topic which is related to this subject, that previous topic can be found HERE.Now, would you like a feature that will officially allow you to copy bets from other bettors?,
by "officially", i mean that it is an official feature opened/implemented by the casino for users who would really like to bet on sports, but their daily jobs and activities would not allow them the time to follow sports and its related news , or even do any kind of research to increase their chance of winning before placing the bet.
Think of this as a feature similar to copy trading in forex, where traders who don't know how to trade, or don't have the time to follow the market news or do any research, simply copy trades from other professional traders, and at the close of the trade, the broker takes a certain percentage from the profit made to pay the trader whose trade was copied, as a commission.
Now, if this feature will be implemented in betting, then the casino will have to monitor and keep accurate betting stats of the bettor, make their profiles public, and also make public their win and loss ratios/stats in corresponding percentages, and maybe allow bet copiers to rate from 1 to 5( in star) the bettors they copied bets from, this rating should be purely based on the bet copiers experience, did he win the bet he copied?, did he loose the bet?, this will determine the level of rating he will give to the bettor he copied bet from.
And this rating, put together with the casino's win and loss stats on every bettors profile will help other bettors who want to copy bets, know who to copy bets from and who not to copy from.
And this will also encourage bettors who want their bets copied to work really hard to have a good win rate, so as to have more copiers who will in turn pay commission to him each time they win.
And what if I don't want my bets copied? That's simple, put your profile in private, and the casino should build this feature in a way that if a bettors profile is in private mode, his or her betting stats/log/slip should not appear in the casino's general betting logs/slips/events so other bettors cant copy bets from that bettors that are in private.
What is in this for me if i allow my bets to copied, and most of my bets wins because i work hard?More money in your pocket..- in the form of commission.
The casino can act as the middle man here, lets say bettor A copies bettor B's bet, and the bet wins, bettor B who is the original owner of the bet gets to keep all his winnings, and the casino will in turn deduct a certain percentage from bettor A's winning/profit and pay it to bettor B as a commission for allowing his bet(s) to be copied.
What is in for the casino?This is another way for the casinos to gain more customers and as well make more money, they gain more customers as a lot of people who know nothing about sports or what to bet on will now have a chance at placing some bets and possibly winning some cash, in the other way around, they are definitely not going to win every bet, and in this case, their loss is profit to the casino.
If its really necessary, then the casino can decide to take a very small percent from the commissions payed to bettors by their bet copiers, though I personally do not think this is necessary except if the casino is still a very small casino scraping for more money by all means, which I will personally also advice bet copiers to avoid such casinos, i would also advice such casinos not to implement the bet coping feature until they are big enough.
So guys, what do you think about a feature like this? I personally think its cool as f**k, take me for an example, I am somebody who really love to bet on sports but my daily job does not give me any atom of chance to follow sports, so as to have ideas on which game or what sports to bet on, and I believe there are thousands, if not millions of my kind out there , a feature like this would be really helpful.
Lets discuss.