Topic: Potentially looking for someone to help me hedge, free BTC for whoever helps (Read 305 times)
January 23, 2017, 12:18:40 AM
I believe the person who would do this would need to bet on the opposite side. Since OP has already bet on the side that has a lower bet required then the person he needs is someone who has a lot of btc to gamble to hedge the bet. Which means somebody will have to bet 2-4btc, as he stated hew would be winning this amount from just his 0.1BTC.
January 22, 2017, 11:40:03 PM
I would be inclined to do this for you.
But you have to be more clear in what the conditions are. Cause from what I am reading I don't quite fully understand if you want the candidate to payout the 0.1btc or just a fraction of that.
So the payout to the lender would be double of what they put into this wager?
Also it would help to know what site you placed this predetermined bet on.
If it was on a sportsbook that I do not fully trust then I can not do this.
As you can see from my previous encounters with a sports book that locked over 1.15 bitcoin of my winnings in their site account.
You can look at my posts to see what I am talking about.
But you have to be more clear in what the conditions are. Cause from what I am reading I don't quite fully understand if you want the candidate to payout the 0.1btc or just a fraction of that.
So the payout to the lender would be double of what they put into this wager?
Also it would help to know what site you placed this predetermined bet on.
If it was on a sportsbook that I do not fully trust then I can not do this.
As you can see from my previous encounters with a sports book that locked over 1.15 bitcoin of my winnings in their site account.
You can look at my posts to see what I am talking about.
January 22, 2017, 11:05:21 PM
I don't have any BTC left
However...I have a 0.1 BTC bet on the Falcons to win the SB at 25-1 that I made in early Dec.
Therefore, obviously if the Falcons win the SB I win 2.5 BTC
Being I don't have BTC, and the methods I typically use to buy BTC involve a fee anyway, I'd potentially be interested in someone assisting me in hedging this bet, and pay a fee of 0.05 to 0.1 BTC.
Basically, I would choose the bet I want the person to make for me to hedge, and regardless of results, the person gets the agreed upon fee as profit, and I get the rest.
So for this person, the agreed upon fee is the guaranteed profit for you regardless of who wins. There is no scenario where you win or lose more or less.
The actual bet will depend on where the line goes between now and the SB. I accept escrow.
And to answer the likely question before it gets asked: "why don't you just hedge yourself"
I don't have any BTC left and I pay enough of a fee to purchase BTC as it is that it makes more sense for me this way.
However...I have a 0.1 BTC bet on the Falcons to win the SB at 25-1 that I made in early Dec.
Therefore, obviously if the Falcons win the SB I win 2.5 BTC
Being I don't have BTC, and the methods I typically use to buy BTC involve a fee anyway, I'd potentially be interested in someone assisting me in hedging this bet, and pay a fee of 0.05 to 0.1 BTC.
Basically, I would choose the bet I want the person to make for me to hedge, and regardless of results, the person gets the agreed upon fee as profit, and I get the rest.
So for this person, the agreed upon fee is the guaranteed profit for you regardless of who wins. There is no scenario where you win or lose more or less.
The actual bet will depend on where the line goes between now and the SB. I accept escrow.
And to answer the likely question before it gets asked: "why don't you just hedge yourself"
I don't have any BTC left and I pay enough of a fee to purchase BTC as it is that it makes more sense for me this way.
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