Bitcoin Forum

If one wants to stake a bet with bitcoin or cryptocurrency with an individual offline is the service of an escrow employable or do escrow services avoid getting involved in gambling.
What are the best escrow services for this

This is completely risk involved, what you've asked is individual betting between users offline using bitcoin or other cryptocurrencies. For this it is a must to use a escrow service. This will ensure the trust of the pay once after the event gets ended. Because even with known person it isn't assured to get the winnings after the play. To make yourself into complications it is good to go with lots and lots of gambling sites available accepting bitcoin.

I fully agree with that. It is better to have escrow especially in the gambling department. The stakes are usually high in gambling, so much better to use an escrow before any betting happens.

you can escrow anything if you and the person offering the escrow service agree to the terms
there is a special escrow related topic you can start with:
https://bitcointalk.org/index.php?topic=2439910.0
be ready to pay at least 1% of the sum of the bet
and go only for the trusted escrowers, do not get tempted by a lower fee

I doubt there are specific escrows providing that service but if you just request for an escrow in the forum, you'd certainly find reputed users who provide that type of service. Since there are no critical judgments or ways where a bet can go wrong, it's fairly easier for an escrow to carry out a deal safely. Not only escrows but reputed gamblings on the forum can also help you out if that makes sense. I think there should be an automated service for doing this.

Unless if you are making a bet between your trusted friends offline then its not necessary for you to use up escrows but it entirely depends on you
but if you are mentioning or do talk about random people online then escrow is a must even paying up for a fee atleast you can somehow assure
that the possible winnings are intact but be sure to choose up the reputable ones which you can find here on this forum.

You can ask politely an escrow if he's okay with this kind of setup.

So it would be..

you --> escrow <-- opponent

escrows don't have a problem involving in a bet , but for that you need another guy who is willing to take the other part of your gamble
so it's too much of a work for simply placing a bet and personally never had an escrow for a bet

in case you are afraid of a bookie not paying you you can always use a betting exchange

I don't know if you can find an escrow agent in out there but you can find a good person in here, and I see that in this forum have many reliable escrow agents. You can choose from a person who has a good reputable, trustable and doesn't have a big fee for holding the money, so you don't have to feel afraid. I agree that we must use escrow if it's related to money especially if we make a deal with other people so there won't be any problem between us.

Honestly there's a bunch of casinos that have a much longer and established history than most escrow agent you'll find (e.g. see the verified operators on cryptogambling.org ) and they all provide proof you weren't cheated (provably fair).


No reputable escrow agent is going to get involved in a normal gambling deal as there's absolutely no way to mediate disputes (e.g. you can say you bet "low", the casino can say you bet "high" and the escrow agent can't objectively tell who's telling the truth).

Although if you wanted to involve an escrow for a large bet, there are people can help you come up with bespoke air-tight contract that can be objectively judged (e.g. "The stretched-block-hash of the block the payment goes into must end in '0', and you win 15x your money ), but unless you're trying to do a bet that is significantly higher than the limits of bustadice (aiming to win > ~41 BTC profit) you're far better off just doing it there.

That is really one trouble for the escrow.  Better use a trusted casino out there. No more hassle to talk about. At least, at the end of the game, you know that everyone got their fair share.

For this you can search escrow agents which you can trust and probably someone you know well because you were talking about offline betting which mean i suggest you have to know those people each other to ensure they're trustable but since you bets using cryptocurrencies and rather than seeking an escrow i think more better to bets for online casinos which is currently plenty available and some of them are trustable and deserve to try

You can avail the service of the trusted escrow members here if you agree with the terms.
I'm just curious, what type of bet you want to be in escrow ? I'm just thinking that we have a online betting here with variety of games, I'm wondering
if you are already aware with it. Let me guess, is it related to sports gambling?

While I think it doesn't matter who's telling the truth, as what mentioned above escrow will get 1% the sum of the bet. I mean at the end of the day he doesn't lose anything, right? He just act as a mediator and he didn't bet any money.

It's just about trust and conscience. lol!

Escrow services can be used for this purpose upon agreement,but what do you mean by "offline"?
So you want you and another guy to place bets on something and a third guy (the escrow) to keep your bets and pay the guy,who has the wininng bet?Is that what you want?
I really doubt that you will find any escrow with enough trust and authority to do this task offline.

The services of an escrow is very much possible when an individual want to avoid the uncertainty circumstances that surround gambling.

Recommendation: Locate the nearest escrow service that is close to you or be specific about your country in order for the escrow service team to locate you; as this has to do with offline service.

Escrows has nothing to do or not being affected on all the possible transactions that he would handled as long he hold up the funds with both parties and as long he would got paid for his service.

It is plausible to apply it offline but the question is, on how you would find out those people on your place?- trusting someone wont really be that easy.

Well said, escrow service will be depend on how both parties agrees and if the service will be paid correctly, not sure if I'm missing something with OP
maybe he also meant about not betting with game house but person to persons gambling, that's why he ask for escrow, but given that he meant
offline which maybe meant for someone from his place, he needed to have reputable person who resides near him.

If both parties agree and the the escrow who they trust hold the pot money, everything will be done according to what they've wanted to be.

The thing is that actualy are three parties involve, if we include investors and players.
If a casino owner trust someone doesn't mean that others will also trust him/her. For private tables or perhaps a tournament escrow can be used.
As far as i know though usualy the one that host the event/table etc, also keep the funds and be responsible/accountable for them.

It depends on the situation if the escrow service will accept the offer or not. Since it's about gambling, it would be difficult to find an escrow that would risk their funds for the services to be done.

I doubt any escrow would say no to extra money. Gambling is gambling and according to the game escrow wouldn't care. If the offline bet is something that is easily provable then yeah they can definitely escrow however if its a subject that is hard to actually call the result then it could potentially be a problem.

Long story short escrow doesn't care about what he is escrowing (unless its illegal stuff like drug money or something which depending on escrow they may do that as well) but they care about the result being provable, there are somethings that you can bet with someone that escrow can not clearly decide the winner and they rather not take that risk and put their own reputation at risk because reputation is the only thing an escrow has and they can't afford to lose it.

This is an issue that should be asked directly to an escrow. There is no rule, it is not a regulated service. Probably there are escrows that work with the most diverse services, including totally illegal activities like selling drugs.

And there are some escrows that specialize in this function you are looking for. Usually, they call themselves betting representatives. But I do not know if there is one working with this is in the forum.

I would recommend contacting the escrows who have a good reputation on Bitcointalk, like:

@OgNasty
 https://bitcointalk.org/index.php?topic=855778.740

@Dabs
https://bitcointalk.org/index.php?topic=234939.0

@SebastianJu
https://bitcointalk.org/index.php?topic=1102721.0

@DarkStar_
https://bitcointalk.org/index.php?action=profile;u=507936

@Hhampuz
https://bitcointalk.org/index.php?topic=5079097.0

FYI, using escrow service doesn't need to use their own money neither no one will agree on this, they're the one who'll being paid.

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Seems OP are satisfied with the opinions that posted here and hope this help him with his concern.

Exactly, maybe @Ranly123  has not tried to avail an escrow service before, or have no idea about how an escrow will work.
Being an escrow is actually a great business, they don't loss anything, they only make a certain percentage on the total amount escrowed
or whatever the terms will be, but in the forum, you need to be reputable and the road to being reputable is hard since you don't buy reputation here, you earn it.

If I want to start to use the escrow agents, I will choose one of them as my escrow agents because they have a good reputation and they also trusted by most people here. They can handle the money with smooth and without any problem as long as we can follow their rule and we agree with their fee. I am sure they will love to hold your money, and they will take care of that money until the time arrives to send the money.

Actually any bet on gambling will need some escrow but with so many of them that can give a good platform to bet, there is no need to have escrow in every bet that we need to take. Escrow becomes second priority to take when there is a disbelief on each other and sometimes they take it when there is a big amount that need to be traded