Topic: User vs User gambling : Preferred sport : Cricket (Read 456 times)

Quote from: MinerHQ on July 29, 2017, 07:43:42 PM

Guys if anyone wants to bet with me please add me on skype : [email protected]
and we will use a escrow who holds funds, will be fun I believe

Or you could simply find someone on one of those PVP gambling websites ? Undecided

I'll tell you why your skype + escrow plan wouldn't work out,

The types of bets you could have on cricket ranges from -> Toss - First Ball Score - First over Score -First over Wicket ->Man of the Match and everything in between.
The escrow you guys would be using should be equally interested about cricket sports betting that is a bookie in real life.If both players agree on a trade and the results are exactly opposite to the predicted events,where does the money go.
Ex : Player one bets -> First Over score = Above 10
Player Two bets -> First Over Score = Above 5
Result -> First Over Score = 0
No one won the bet.Does this mean escrow gets to keep all the funds ?

Escrow can't keep all the funds but he should take all his fees and return to the people. This is the issue with this kind of betting each time need to pay escrow fee and also transaction fee whether you win your bet or lose or no results. This kind of betting will not be lost for long.

This would really be the case on which you would really burden the escrow fees anytime you do make transactions or match up with other player. Why would really bother to have this kind of p2p bettings since you can able to play on sportsbooks without the hassle of making escrow or making conversations with other bettors? And also they would rather to play on sportsbook than betting on this kind of way,

keyrun

member

Activity: 143

Merit: 10

Quote from: anujjain on July 28, 2017, 04:12:40 AM

Quote from: MinerHQ on July 27, 2017, 10:21:38 PM

Quote from: anujjain on July 28, 2017, 04:12:40 AM

Guys if anyone wants to bet with me please add me on skype : [email protected]
and we will use a escrow who holds funds, will be fun I believe

How you want to bet. How you calculate odds. Will you prefer odds from exchange. Please explain here with full details.
May be I will interested if trusted escrow involve.

I think if he bet with another member it will always be the same amount means odds will be 2. But they need to pay the escrow fee, and for any reason, the outcome of the game is different from what both members chose then both of them will still lose money because they still need to pay escrow and transaction fees. This method gives better odds but more inconvenient process unless.

Odds not work like that. There is so many factor. Like You can't give India vs SL team match India odds 2 against SL. If you can give me that odds I will even bet for 50k$ and hedge in exchange where actual odds will be 1.4 or less. There is so many factor who determined real odds.

Please read my post one more time. I know if you bet on any casinos they need to consider many things before come up with the odds on each team. But here you're playing with any one player means how much you're going to bet for the same amount another player also need to agree. That means if you win you will almost get the double the money, but you need to pay the transaction and escrow fee.

Sites like fairlay provides such p2p bettings but they are no social at all. Creating a social website for mutual betting would really be beneficial. The site just works as an escrow (and profit from the fees) where two different people can socialize (to some extent) and bet against each other.

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: MinerHQ on July 27, 2017, 10:21:38 PM

Guys if anyone wants to bet with me please add me on skype : [email protected]
and we will use a escrow who holds funds, will be fun I believe

How you want to bet. How you calculate odds. Will you prefer odds from exchange. Please explain here with full details.
May be I will interested if trusted escrow involve.

I think if he bet with another member it will always be the same amount means odds will be 2. But they need to pay the escrow fee, and for any reason, the outcome of the game is different from what both members chose then both of them will still lose money because they still need to pay escrow and transaction fees. This method gives better odds but more inconvenient process unless.

Odds not work like that. There is so many factor. Like You can't give India vs SL team match India odds 2 against SL. If you can give me that odds I will even bet for 50k$ and hedge in exchange where actual odds will be 1.4 or less. There is so many factor who determined real odds.

Please read my post one more time. I know if you bet on any casinos they need to consider many things before come up with the odds on each team. But here you're playing with any one player means how much you're going to bet for the same amount another player also need to agree. That means if you win you will almost get the double the money, but you need to pay the transaction and escrow fee.

klf

legendary

Activity: 1344

Merit: 1000

Guys if anyone wants to bet with me please add me on skype : [email protected]
and we will use a escrow who holds funds, will be fun I believe

Or you could simply find someone on one of those PVP gambling websites ? Undecided

I'll tell you why your skype + escrow plan wouldn't work out,

The types of bets you could have on cricket ranges from -> Toss - First Ball Score - First over Score -First over Wicket ->Man of the Match and everything in between.
The escrow you guys would be using should be equally interested about cricket sports betting that is a bookie in real life.If both players agree on a trade and the results are exactly opposite to the predicted events,where does the money go.
Ex : Player one bets -> First Over score = Above 10
Player Two bets -> First Over Score = Above 5
Result -> First Over Score = 0
No one won the bet.Does this mean escrow gets to keep all the funds ?

Escrow can't keep all the funds but he should take all his fees and return to the people. This is the issue with this kind of betting each time need to pay escrow fee and also transaction fee whether you win your bet or lose or no results. This kind of betting will not be lost for long.

Colt22

hero member

Activity: 770

Merit: 500

Quote from: michkima on July 28, 2017, 05:36:26 AM

Guys if anyone wants to bet with me please add me on skype : [email protected]
and we will use a escrow who holds funds, will be fun I believe

Or you could simply find someone on one of those PVP gambling websites ? Undecided

I'll tell you why your skype + escrow plan wouldn't work out,

The types of bets you could have on cricket ranges from -> Toss - First Ball Score - First over Score -First over Wicket ->Man of the Match and everything in between.
The escrow you guys would be using should be equally interested about cricket sports betting that is a bookie in real life.If both players agree on a trade and the results are exactly opposite to the predicted events,where does the money go.
Ex : Player one bets -> First Over score = Above 10
Player Two bets -> First Over Score = Above 5
Result -> First Over Score = 0
No one won the bet.Does this mean escrow gets to keep all the funds ?

I have the same question. By the way, that’s a cool idea to bet this way but the problem is if both loses, who will keep the money. I have a solution for this. In that case, some portion should be given to escrow and rest must be divided equally between two players. In this way, escrow will also take the bet serious.

Patatas

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Merit: 1115

Providing AI/ChatGpt Services - PM!

Guys if anyone wants to bet with me please add me on skype : [email protected]
and we will use a escrow who holds funds, will be fun I believe

Or you could simply find someone on one of those PVP gambling websites ? Undecided

I'll tell you why your skype + escrow plan wouldn't work out,

The types of bets you could have on cricket ranges from -> Toss - First Ball Score - First over Score -First over Wicket ->Man of the Match and everything in between.
The escrow you guys would be using should be equally interested about cricket sports betting that is a bookie in real life.If both players agree on a trade and the results are exactly opposite to the predicted events,where does the money go.
Ex : Player one bets -> First Over score = Above 10
Player Two bets -> First Over Score = Above 5
Result -> First Over Score = 0
No one won the bet.Does this mean escrow gets to keep all the funds ?

That is a good insight you got there. Maybe the solution though for this is that when that happens, it will be considered as draw? Or maybe they just want to bet who wins and who loses. Problem is that is why sports books grades matches. There is a clearly a more dominant team and weaker team that would have lesser probably to win against their opponents.

Yes draw is one of the events if one player bets on winning while other on losing.They don't need a escrow,they need a bookie who should ready to pay profits from his own pockets at times.
I don't think the skype betting thing would work out.Too many complications without involving a bookie.

michkima

hero member

Activity: 896

Merit: 514

Guys if anyone wants to bet with me please add me on skype : [email protected]
and we will use a escrow who holds funds, will be fun I believe

Or you could simply find someone on one of those PVP gambling websites ? Undecided

I'll tell you why your skype + escrow plan wouldn't work out,

The types of bets you could have on cricket ranges from -> Toss - First Ball Score - First over Score -First over Wicket ->Man of the Match and everything in between.
The escrow you guys would be using should be equally interested about cricket sports betting that is a bookie in real life.If both players agree on a trade and the results are exactly opposite to the predicted events,where does the money go.
Ex : Player one bets -> First Over score = Above 10
Player Two bets -> First Over Score = Above 5
Result -> First Over Score = 0
No one won the bet.Does this mean escrow gets to keep all the funds ?

That is a good insight you got there. Maybe the solution though for this is that when that happens, it will be considered as draw? Or maybe they just want to bet who wins and who loses. Problem is that is why sports books grades matches. There is a clearly a more dominant team and weaker team that would have lesser probably to win against their opponents.

Patatas

legendary

Activity: 1750

Merit: 1115

Providing AI/ChatGpt Services - PM!

Quote from: MinerHQ on July 27, 2017, 10:21:38 PM

Guys if anyone wants to bet with me please add me on skype : [email protected]
and we will use a escrow who holds funds, will be fun I believe

Or you could simply find someone on one of those PVP gambling websites ? Undecided

I'll tell you why your skype + escrow plan wouldn't work out,

The types of bets you could have on cricket ranges from -> Toss - First Ball Score - First over Score -First over Wicket ->Man of the Match and everything in between.
The escrow you guys would be using should be equally interested about cricket sports betting that is a bookie in real life.If both players agree on a trade and the results are exactly opposite to the predicted events,where does the money go.
Ex : Player one bets -> First Over score = Above 10
Player Two bets -> First Over Score = Above 5
Result -> First Over Score = 0
No one won the bet.Does this mean escrow gets to keep all the funds ?

anujjain

sr. member

Activity: 434

Merit: 250

Guys if anyone wants to bet with me please add me on skype : [email protected]
and we will use a escrow who holds funds, will be fun I believe

How you want to bet. How you calculate odds. Will you prefer odds from exchange. Please explain here with full details.
May be I will interested if trusted escrow involve.

I think if he bet with another member it will always be the same amount means odds will be 2. But they need to pay the escrow fee, and for any reason, the outcome of the game is different from what both members chose then both of them will still lose money because they still need to pay escrow and transaction fees. This method gives better odds but more inconvenient process unless.

Odds not work like that. There is so many factor. Like You can't give India vs SL team match India odds 2 against SL. If you can give me that odds I will even bet for 50k$ and hedge in exchange where actual odds will be 1.4 or less. There is so many factor who determined real odds.

JackpotRacer

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Activity: 1974

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All Games incl Racer and Lottery game are Closed

Guys if anyone wants to bet with me please add me on skype : [email protected]
and we will use a escrow who holds funds, will be fun I believe

ok lets have fun

I dont use skype

please explain here a bit more in depth

who will be the escrow?

MinerHQ

legendary

Activity: 1456

Merit: 1023

Guys if anyone wants to bet with me please add me on skype : [email protected]
and we will use a escrow who holds funds, will be fun I believe

How you want to bet. How you calculate odds. Will you prefer odds from exchange. Please explain here with full details.
May be I will interested if trusted escrow involve.

I think if he bet with another member it will always be the same amount means odds will be 2. But they need to pay the escrow fee, and for any reason, the outcome of the game is different from what both members chose then both of them will still lose money because they still need to pay escrow and transaction fees. This method gives better odds but more inconvenient process unless.

anujjain

sr. member

Activity: 434

Merit: 250

Quote from: poordeveloper on July 27, 2017, 11:52:15 AM

Guys if anyone wants to bet with me please add me on skype : [email protected]
and we will use a escrow who holds funds, will be fun I believe

How you want to bet. How you calculate odds. Will you prefer odds from exchange. Please explain here with full details.
May be I will interested if trusted escrow involve.

piloder

legendary

Activity: 966

Merit: 1006

Is there any reason why you don't want to use a bookmaker? You would be able to bet on any match.

Also we can have peace in mind when betting with those bookmaker about security of our fund and we can place bets even during match so that we can lower our possible losses or increase possible profits.

I don't think people will prefer p2p sports betting where they can't get more than 2x in odd.

michkima

hero member

Activity: 896

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