Escrow for representative betting | Bitcointalksearch.org

Outlander

legendary

Activity: 1218

Merit: 1000

Quote from: bitbaby on September 20, 2015, 11:37:32 PM

Quote from: bong888 on September 20, 2015, 08:12:20 PM

Any escrow service for "representing client"?
Normal escrow is take and safe keeping fund total from party A and Party B, when the outcome
happen the fund will be disburse either to A or B.

I need escrow for :

I ask "X" to bet for me, so the fund I give to escrow,
If the result is "losing", "X" will received the fund from escrow to cover "X" initial help me to place bet fund.

If the result is "winning" "X" will only sent me the "winning" portion plus escrow will deliver the fund to "x" to cover "X"
initial help me to place bet fund

Of course I will add some more insentive to "X"

Any escrow service can do this?

Thanks

And what happens if after you have won, "X" doesn't sends you the winning? Also, what is in it for "X"? Why should he do this? Who covers the escrow fees?

For escrow to work efficiently he needs to make sure that both the parties can not scam each other, in the case you're mentioning, "X" is totally covered but you're only covered partially.

If you lose, "X" gets the bet amount from escrow, which he made for you and if you win, he gets back the bet amount and the winnings from the site he placed the bet at. "Completely Covered"

But if we see this from your perspective, if you lose then there is no issue, but if you win, the escrow sends you the bet money back but what about the winnings? How can escrow ensure that "X" will not just run away with the winnings?? Which is why I say you're only "Partially Covered", you won't lose your bet amount but if you lose the winnings then what's the point of doing this whole thing?

My point is that you could ask the escrow place the bet directly for you. After you send the money to the escrow, then he places the bet for you. It guaranteed you wouldn't get scammed. But I doubt any escrow will do this for you! OP, I am curious why you don't place the bet yourself.

bitbaby

hero member

Activity: 812

Merit: 1000

Quote from: bong888 on September 20, 2015, 08:12:20 PM

Any escrow service for "representing client"?
Normal escrow is take and safe keeping fund total from party A and Party B, when the outcome
happen the fund will be disburse either to A or B.

I need escrow for :

I ask "X" to bet for me, so the fund I give to escrow,
If the result is "losing", "X" will received the fund from escrow to cover "X" initial help me to place bet fund.

If the result is "winning" "X" will only sent me the "winning" portion plus escrow will deliver the fund to "x" to cover "X"
initial help me to place bet fund

Of course I will add some more insentive to "X"

Any escrow service can do this?

Thanks

And what happens if after you have won, "X" doesn't sends you the winning? Also, Who covers the escrow fees?

For escrow to work efficiently he needs to make sure that both the parties can not scam each other, in the case you're mentioning, "X" is totally covered but you're only covered partially.

If you lose, "X" gets the bet amount from escrow, which he made for you and if you win, he gets back the bet amount and the winnings from the site he placed the bet at. "Completely Covered"

But if we see this from your perspective, if you lose then there is no issue, but if you win, the escrow sends you the bet money back but what about the winnings? How can escrow ensure that "X" will not just run away with the winnings?? Which is why I say you're only "Partially Covered", you won't lose your bet amount but if you lose the winnings then what's the point of doing this whole thing?

Think it through..

tech_solutions

hero member

Activity: 504

Merit: 500

Quote from: steveds on September 20, 2015, 08:37:13 PM

no offense to anyone but jhanzo is correct. go with 1 of the reputable guys on here for this. not a good idea to just choose a random guy

You are absolutely correct if you want to earn and dont wanted to get scammed , you should follow the correct escrow services provider which this forum recommends , because they are analyzed and properly checked about their work and reputation.

steveds

legendary

Activity: 966

Merit: 1000

no offense to anyone but jhanzo is correct. go with 1 of the reputable guys on here for this. not a good idea to just choose a random guy

Jhanzo

hero member

Activity: 798

Merit: 506

Thank satoshi

you should use a proper AND reputable escrow service if what you're going to do involves a high amount of money.
I'm sure most of them will do it. it's just the usual hold and release, after all.

here's the list of bitcointalk escrows.
https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778

rz20

legendary

Activity: 1330

Merit: 1001

I can do this doesn't seems hard to do (For low amounts). Send me a pm.

bong888

newbie

Activity: 28

Merit: 0

Any escrow service for "representing client"?
Normal escrow is take and safe keeping fund total from party A and Party B, when the outcome
happen the fund will be disburse either to A or B.

I need escrow for :

I ask "X" to bet for me, so the fund I give to escrow,
If the result is "losing", "X" will received the fund from escrow to cover "X" initial help me to place bet fund.

If the result is "winning" "X" will only sent me the "winning" portion plus escrow will deliver the fund to "x" to cover "X"
initial help me to place bet fund

Of course I will add some more insentive to "X"

Any escrow service can do this?

Thanks

Topic: Escrow for representative betting (Read 427 times)