receives almost 100% from betting | Bitcointalksearch.org

equator

legendary

Activity: 1190

Merit: 1002

Quote from: dooglus on December 08, 2015, 03:47:04 AM

Quote from: enhu on December 08, 2015, 03:40:32 AM

Just wanted to know if this gambling site already exist?
Lets say I wanted to bet on a sports match and the gambling site will serve as an escrow to whom i can bet with. in other words, we get to give equal amount to the escrow if we agreed to bet a match. of course the site receives certain percent by acting as an escrow.

It sounds like you are describing a betting exchange. Like a currency exchange, which matches buyers and sellers and takes a fee off the top, a betting exchange does the same, matching people with opposing views.

https://betfair.com/ is the biggest fiat betting exchange.

https://www.fairlay.com/ is a Bitcoin betting exchange.

thanks for giving me the site names of betting exchanges. i was searching for betting exchange for bitcoins like betfair.com, just checked the fairlay.com site but it is not for live inplay matches i think it is just like other sites betting site, i need just like fiat currency betfair exchange where we can bet on live inplay also.

enhu

legendary

Activity: 2492

Merit: 1018

Quote from: dooglus on December 08, 2015, 06:49:36 AM

Quote from: Rubberduckie on December 08, 2015, 05:41:21 AM

even betfair takes a cut. I mean without juice there really
isnt a reason to even have a site.

Of course, but they generally have better odds than traditional bookmakers, since you're betting against other gamblers, not the site itself.

exactly!

Quote from: Rubberduckie on December 08, 2015, 05:41:21 AM

even betfair takes a cut. I mean without juice there really
isnt a reason to even have a site.

yes. it only needs an escrow i suppose as there are lots of people here willing to bet for sports. BUT I don't see it happening here. I can see threads but thats just it.

If lets say a user can create a bet option for a MMA fight to the said site and another user agrees to the amount, then whoever wins get to have the sum amount, not the odds.

of course escrow or the site gets a percentage.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: Rubberduckie on December 08, 2015, 05:41:21 AM

even betfair takes a cut. I mean without juice there really
isnt a reason to even have a site.

Of course, but they generally have better odds than traditional bookmakers, since you're betting against other gamblers, not the site itself.

Rubberduckie

legendary

Activity: 1442

Merit: 1000

even betfair takes a cut. I mean without juice there really
isnt a reason to even have a site.

hua_hui

legendary

Activity: 1386

Merit: 1016

Quote from: adaseb on December 08, 2015, 03:45:09 AM

Quote from: enhu on December 08, 2015, 03:40:32 AM

Just wanted to know if this gambling site already exist?
Lets say I wanted to bet on a sports match and the gambling site will serve as an escrow to whom i can bet with. in other words, we get to give equal amount to the escrow if we agreed to bet a match. of course the site receives certain percent by acting as an escrow.

Are you talking about PVP betting? There are some gambling sites that feature this already and the webmaster gets a percentage. Don't know if it applies to sports however.

i think this is just like any gamble website nowsaday. even those sport bet site u see, they also have to make sure there is enough opposite bet before ur bets on for or against goes through.

Shogen

legendary

Activity: 966

Merit: 1001

Quote from: skybot13x on December 08, 2015, 04:09:25 AM

Sevilla vs Juventus. I bet that there would be 1 goal or more scored. Both of us will send 0.01BTC to escrow, and the winner gets 0.02BTC. Do you consider the offer attractive?

Of course not. Someone could have bet "no goal" in that match on cloudbet to get an odds @ 10.6. Why would he/she engage in your deal for only @ 2?

enhu

legendary

Activity: 2492

Merit: 1018

Quote from: skybot13x on December 08, 2015, 04:09:25 AM

Are you really asking if there is someone who would bet at 2x for something that is less than 50% likely to happen?

There is no such site, if there is it would probably be bankrupt already. Probably you can start one? Grin

Sevilla vs Juventus. I bet that there would be 1 goal or more scored. Both of us will send 0.01BTC to escrow, and the winner gets 0.02BTC. Do you consider the offer attractive?

Why would the site gets bankrupt when the site don't spend anything at all but to escrow the bets of both parties.
Lets say you bet for Aldo and I for McGregor for 0.05btc we both send 0.05 to the site and if you win, you get 0.09 and the site get 0.01.

skybot13x

sr. member

Activity: 616

Merit: 251

Are you really asking if there is someone who would bet at 2x for something that is less than 50% likely to happen?

There is no such site, if there is it would probably be bankrupt already. Probably you can start one? Grin

Sevilla vs Juventus. I bet that there would be 1 goal or more scored. Both of us will send 0.01BTC to escrow, and the winner gets 0.02BTC. Do you consider the offer attractive?

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: enhu on December 08, 2015, 03:56:47 AM

Lets say I wanna bet for McGregor versus ALdo this 13th. I wanna bet for 0.05 btc only and if I win I get about 0.05 less the site fee.
if this what they mean here in page? https://www.fairlay.com/predict/registered/new/jose-aldo-vs-conor-mcgregor-5/

You won't get to exactly double you money - it will depend on how likely your guy is to win. If he's unlikely to win, you'll probably get better than a 2x payout if he does.

I don't know the site - I just heard about it, so I can't help further, sorry.

enhu

legendary

Activity: 2492

Merit: 1018

Lets say I wanna bet for McGregor versus ALdo this 13th. I wanna bet for 0.05 btc only and if I win I get about 0.05 less the site fee.
if this what they mean here in page? https://www.fairlay.com/predict/registered/new/jose-aldo-vs-conor-mcgregor-5/

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: enhu on December 08, 2015, 03:40:32 AM

Just wanted to know if this gambling site already exist?
Lets say I wanted to bet on a sports match and the gambling site will serve as an escrow to whom i can bet with. in other words, we get to give equal amount to the escrow if we agreed to bet a match. of course the site receives certain percent by acting as an escrow.

It sounds like you are describing a betting exchange. Like a currency exchange, which matches buyers and sellers and takes a fee off the top, a betting exchange does the same, matching people with opposing views.

https://betfair.com/ is the biggest fiat betting exchange.

https://www.fairlay.com/ is a Bitcoin betting exchange.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: enhu on December 08, 2015, 03:40:32 AM

Just wanted to know if this gambling site already exist?
Lets say I wanted to bet on a sports match and the gambling site will serve as an escrow to whom i can bet with. in other words, we get to give equal amount to the escrow if we agreed to bet a match. of course the site receives certain percent by acting as an escrow.

Are you talking about PVP betting? There are some gambling sites that feature this already and the webmaster gets a percentage. Don't know if it applies to sports however.

enhu

legendary

Activity: 2492

Merit: 1018

Just wanted to know if this gambling site already exist?
Lets say I wanted to bet on a sports match and the gambling site will serve as an escrow to whom i can bet with. in other words, we get to give equal amount to the escrow if we agreed to bet a match. of course the site receives certain percent by acting as an escrow.

Topic: receives almost 100% from betting (Read 585 times)