Bitcoin Forum

First and foremost, let us all know that the idea for this topic emanated from users comments on my previous topic which is related to this subject, that previous topic can be found HERE. (https://bitcointalk.org/index.php?topic=5420398.0)

Now, would you like a feature that will officially allow you to copy bets from other bettors?,
by "officially", i mean that it is an official feature opened/implemented by the casino for users who would really like to bet on sports, but their daily jobs and activities would not allow them the time to follow sports and its related news , or even do any kind of research to increase their chance of winning before placing the bet.

Think of this as a feature similar to copy trading in forex, where traders who don't know how to trade, or don't have the time to follow the market news or do any research, simply copy trades from other professional traders, and at the close of the trade, the broker takes a certain percentage from the profit made to pay the trader whose trade was copied, as a commission.

Now, if this feature will be implemented in betting, then the casino will have to monitor and keep accurate betting stats of the bettor, make their profiles public, and also make public their win and loss ratios/stats in corresponding percentages, and maybe allow bet copiers to rate from 1 to 5( in star) the bettors they copied bets from, this rating should be purely based on the bet copiers experience, did he win the bet he copied?, did he loose the bet?, this will determine the level of rating he will give to the bettor he copied bet from.

And this rating, put together with the casino's win and loss stats on every bettors profile will help other bettors who want to copy bets, know who to copy bets from and who not to copy from.
And this will also encourage bettors who want their bets copied to work really hard to have a good win rate, so as to have more copiers who will in turn pay commission to him each time they win.

And what if I don't want my bets copied?  
That's simple, put your profile in private, and the casino should build this feature in a way that if a bettors profile is in private mode, his or her betting stats/log/slip should not appear in the casino's general betting logs/slips/events so other bettors cant copy bets from that bettors that are in private.

What is in this for me if i allow my bets to copied, and most of my bets wins because i work hard?
More money in your pocket..- in the form of commission.
The casino can act as the middle man here, lets say bettor A copies bettor B's bet, and the bet wins, bettor B who is the original owner of the bet gets to keep all his winnings, and the casino will in turn deduct a certain percentage from bettor A's winning/profit and pay it to bettor B as a commission for allowing his bet(s) to be copied.

What is in for the casino?
This is another way for the casinos to gain more customers and as well make more money, they gain more customers as a lot of people who know nothing about sports or what to bet on will now have a chance at placing some bets and possibly winning some cash, in the other way around, they are definitely not going to win every bet, and in this case, their loss is profit to the casino.

If its really necessary, then the casino can decide to take a very small percent from the commissions payed to bettors by their bet copiers, though I personally do not think this is necessary except if the casino is still a very small casino scraping for more money by all means, which I will personally also advice bet copiers to avoid such casinos, i would also advice such casinos not to implement the bet coping feature until they are big enough.


So guys, what do you think about a feature like this? I personally think its cool as f**k, take me for an example, I am somebody who really love to bet on sports but my daily job does not give me any atom of chance to follow sports, so as to have ideas on which game or what sports to bet on, and I believe there are thousands, if not millions of my kind out there , a feature like this would be really helpful.

Lets discuss.

If you do not have the time to bet, then why betting? The fun is the game to play, with the little amount of money staked. Betting for profit, earning and making money is a bad idea.

As I can be a lead trader, I can never copy someone's trader, I can never be a copy trader. One of my friends and I, last month he told me about his experience, but not in crypto but Forex, as he copied someone on a Forex trading platform and how he first made money but followed by losses. If you do not know how to do something, then do not do it.

If I have to tell you the truth, copy trading is even far better than copying bets, but both should be discouraged. Learn how to do it and do it yourself.

Lolz, let's face reality man, betting/gambling can all be for fun for you, but I tell you the simple truth, the vast majority in it are all doing it for profit, though most times, we try to lie to ourselves that we are just doing it for fun, this is just to make oneself feel alright, and not to regret the lose too much, nobody any where enjoys loosing money, every body needs money and more money...
One question I will leave you with, to think about is, if the casinos are in this game for profit, why should the gambler/bettor be in the same game for fun?

Everybody needs money, but there are other means to earn money, gambling should not be among it because it is a game of luck.


Punters should know that the gambling site will always make money, they provide the services to make more money and the more someone is gambling, the likely and higher the losses can be. But being with friends, having nothing to do, you can just play with it for that period, or do other things like playing video games. But some people just like the fun it brings to gamble with low amount of money.

I do not usually have time, I do not bet often, but if I want to bet, I do my analyses appropriately which will take some of my idle time busy for me and also doing that with friends gives me joy. You are not wrong though, one of my friends last week, it has been long we saw each other, he told me about gambling and how he is not making anything from it, the way he talked, he is gambling to make high amount of money, but losing. Although he got the fun that he went to a betting agent, saw some friends, but losing because he is chasing how to make money from. It, but losing. That is why it is important for us to continuing reiterating this, that people should not go for profit because only leading to addiction for like 20%  to 30% of people and loss of money for the remaining people that gamble often because they make it a job which supposed not to be.

If you are too busy, you can use prediction sites like https://www.newsoccervista.com to aid your analyses.

Cool. I like the idea. I am a sports gambler, but I don't want to say I am very good at it because there will always be a time a game cannot be predicted, and the favorites do lose. But imagining another gambler copying my bets and me getting a part of it (in your example a commission) is another bonus.
I like it, as long as there's an option to turn it on or off.
Because there are times I am not confident with my bets so I could just turn it off so no one will get dragged by my mistake.

It seems to me that your input about copying other people's bets is a good idea. Only this would require some sort of proposal to the casino to implement such a feature. As far as I know, if a user earns a commission, does that mean the casino needs to allocate that commission or is it a percentage result of the users who copy it? For example, I copy your bet and get about 50% of the total bet, so do you get a commission from me or the casino?

Isn't it like seeing the different bets across the site and checking what they bet on? Then you do it manually? Sometimes I do this with the other bets shown in the High Rollers tab. Just like in the previous post that you have. This could be an excellent opportunity for a bot copier or something related to that that would make it easier to get into copy betting.

It's hard to do this every time, putting in bets to someone you don't know, but it's best to do it manually. You will see if it's going to be good.

I also like the idea it's a win-win for gamblers, those who can analyze will try to be better to get a good winning ratio so they can have more copiers and more copiers more profit and those who cannot analyze will just look for the best bettor with a good ratio if this idea gets adopted it starts here in this thread and maybe there will be a modification, the percentage profit should come from the bettor because he opted to copy than create his own bets.

Rather than directly copying a bet because someone have put a huge amount at stake in that specific bet,I will first control it and see if it fits to what I already predict for that bet,only if it fits with what I think about that specific game only then I am going to copy.I don't want to brag or something as I rarely play sport betting but yesterday I won Heerenven,Lille and Frankfurt draw no bet and I felt like I was the smartest person in the world.

I like this option to offer commissions to other people who create these winning bets,sure it will motivate much more person to create at least a couple of bets every weekend as a minimum even those who don't like sport betting that much.

You're correct but let's not invalidate others that has little time available and doesn't completely know the game but is still trying to join and bet on these sports. It might not be fun for you but it can be fun for others especially if they do really want to bet but cannot do the research beforehand which led to copying others bet.

Not all people can be lead trader or gambler, some may just be copy trader or gamblers until they fully learn how things work out.

You said you want to discuss but in the previous thread most users are saying it's not good to copying someone bet and now you're just create new thread with similar discussion that you're still want to copy someone bets :D

This mean it's just useless to discuss, you're stubborn and follow your own emotional, however it's up to you and no one force you to follow our advice.

I believe every betting option listed on the bookies, at least one user will bet a crazy betting option with huge odds like score 5+ goals, win in the x round, etc etc. It's mean you're don't need to look someone bet since there's a user who will bet in every betting option.

Just as in trading for which they have copy trading that allows a user to copy the trades of anyone that they want to. Usually, everyone can see the trades of the people that are good with their stats.
I also think of it as a cool idea, as long as every user can activate or deactivate the feature. Whether you are a copier or the one being copied, there should be an incentive for those that are being copied with their winning bets.

You think and believe so, and honestly, i can clearly see things from your perspective, which i understand what you mean completely, but unfortunately, not every gambler think or see things the way you see it, infact, my neighbor will argue with you all day and will never agree with you as long as you are telling him gambling should be for fun and not a way to make money.. ;D

He will simply tell you he agrees that there are other ways to make money, but that other way for him is gambling  ;D.


No qualms mate, I clearly see your point of view and I openly admit that you are absolutely correct too, i know all you said, that gambling should be for fun and all that, i am just trying to be the mind of an average gambling out there, and thank goodness your friend clearly depicted what I was trying to make you understand.

All the same,  thanks much for the prediction site you shared, its really helpful and i appreciate it.

there are already copy bets on casinos. I particularly know one where I always play but I don't use it.
What's it in for a highroller to allow their bets to be copied, I have no idea. But maybe there is a percentage going to thier account if they both win at least there is an incentive for them to show thier profile.

It's up to you if you don't have time to watch the sports game. I wouldn't really copy-bet on sports. I enjoy watching the game, I may still the money earned even if I didn't watch the game live.

In my opinion, this is an extremely dubious idea. What's the point of mindlessly copying other people's bets if we don't understand why they're made? Maybe this is part of a big strategy (a series of bets) and if the one whose bet we copy loses nothing, but we lose. Maybe the bet being copied is a hedge of other bets or a preparation for a live hedge. All these possibilities show that even by "copying" someone's bet, in fact, we cannot copy anything, and the risk that we will be on the losing side is growing.

Actually, copying bets from other bettors is good, especially if other bettors have had a good journey in placing bets. The more often bettors win, of course, they have a good betting record. This, of course, will attract people to follow the bettor and take part in placing the same bet because they want to get a win too. Those bettors can also get an incentive because they can spread the affiliate thread to people who wish to copy the bettor's bets. This means bettors can also get additional income from the people joining them. Apart from that, that bettor can also get a good reputation among other bettors.

If you think about it there are pros and cons on both the bettors and copiers. Copiers may tend to rely much on the bettors knowledge mainly because of their great stats however what if the bettor decided to just YOLO or bet based on he idolised. With these kind of implementation, we may be able to see more gamblers who will be dependent on high rollers with good stats. It's a great feature but I suggest that it'll has some limits.

They are the ones who construct and we are the users, they create and invest on the platform so its just right that they want to profit from their investment but it's right for a gambler to go for a profit when there is an opportunity, but if your goal in playing and betting is to make money primary and having fun secondary, you are not going to have fun you will be disappointed, so foremost is have fun if there is profit to be made then go for it.

Indeed copying a bet from side is another way harming yourself because you that copy from another place to bet, many not know if the game you copy is better one or not, because i believe that coping a game is something of a game or slip is at the players risk because theirs every meaning that the game might cut unexpectedly.

but for the copiers, they should not expect that they will always come out positive from those bets. these bettors are also humans and they are also prone to mistakes or flaws on their bets. they may have good record, but it doesn't mean they will always be on target. just prepare on the possible scenario here. so don't bet big if you can't afford. even if you're seeing that that the bettor you're following is already in the million-dollar bet. just like drake, loss is inevitable. and that was showed from his recent UFC bet.

I think it just adds unnecessary work for crypto casinos or bookies but some platforms already have this copy bet feature. They will probably have to partner with a third party to monitor all these activities to avoid any kind of fraud from tipsters and those who just copy bets.

Such features and services surely will not be free. I doubt a casual gambler like you OP or let's say those who don't have time will spend a decent amount to subscribe to that kind of service. Since good sports bettors worked their way hard, they won't be satisfied with just a commission. They should get another payment for being selected as the bettor to be copied by these subscribers.

I think we should not take sports betting into a bit more technical and hassle. If you don't have time to follow sports, then it's our problem anymore. If you want to do sports betting at least make some effort to help yourself to choose the right bet.

But the thing here is, not at most times the bettor will show a good result for each bet that he makes. And the problem that might exist is that the copier will find someone to blame if the bettor loses that bet. Well, mostly it's the bettor that the copier will have to blame for the potential losses that he'll make. Yeah, it's good because it's like working smartly but it's more smart if you get to have your own bets and then you'll be the one being copied because of your good stats and few losses.

So this is a new thread. But as I earlier mentioned, I would love a copy-betting feature. I know some people hate it referring to people who copy from others as low in confidence and people may not enjoy their bets if they do not use their own analysis with their bets. I also do not like copy-betting personally but if I saw someone on a betting site with a consistent 400% profit in a week and it is transparent and real then I won't hesitate to allocate a separate fund and copy its bets. I can continue betting on my own analysis anyways using a separate fund.

Some people do just prefer copying bets of the 'better' players out there. It could be lower confidence or they just prefer it such way, nothing more, nothing less. Some gamblers are even winning more by doing so. Another thing in copy betting is a player being able to bet on gambling games he is not knowledgeable of (but ofcourse this would add risk to their bets 'coz it is important to be aware of what you are doing). But we are all aware that for other people, this is 'cheating'- I don't get this point either maybe it has something to do with "pride as a gambler" which is not applicable to everyone.
In the first place, not all gamblers are into passion related factors on why they are playing. Many gamblers are just into profit.

Most gamblers want profit that is right,there is no such thing as gambling for fun because if it was such thing we would not see that huge number of addicted persons.This I think is a great idea that has been brought to crypto gambling but the origin I think is in trading,where the famous eToro website let you copy the trades of the best traders out there which were also accompanied with a statement that past results does not guarantee future performance and I think it would be great if we see the gamblers who have a huge winnings in the sport book in terms of percentage so some of us that are not knowledgeable enough to copy some of their bets  ;D.

I support the implementation of this feature because I think the more options of placing your bets you have, the better. I would use it a couple of times too, I like experimenting with something new and unknown, but I don't think I would stick with it for a long time. The thing is that I like making my bets by myself because I really enjoy the process. But I enjoy making money too, so if it were a profitable business, I would probably never stop. :)

The commission thing is really interesting in a way, pushes the idea of people being willing to put their bets in public and let others copy it as well. But the idea of someone winning due to a copy and someone losing due to a copy kind of gives an irky feeling. I mean it's fair ngl, but if you look at it on paper, it kind of feels... bad...? (I don't have any better terms for it). But I guess that's part of the strategy of "copying" someone else's bet I guess.

On another note though, since copy bets CAN be public, wouldn't some users simply, well, bet on their own instead? Instead of pressing the "Copy" bet button from the profile of someone, they just set it up themselves on their own so that they don't have to pay the commission fee. It might be good if it was a minor feature, but if turned major by casinos then it might just simply become useless in the long run. (If commissions for bet copys was still implemented).

The commission for copying the bet kills the whole idea. The best bettors, when calculating the average of bets, have a meager win over the bookmaker (something like 0.5 percent). And this speaks volumes about their coolness, since in order to get this 0.5% they have to overcome the bookmaker's initial advantage of about 5%. But the commission for copying a bet will eat up the already small average profit (0.5%) - what will be left of the profit in the end?

Even if we copy other users bets, that doesn't mean that bet will win. The risk to lose still there, but we could say this way we play with better odds or better chance to win.

Some good sports gamblers will charge us a fee if we want to see their picks, and i have seen services like this in the past. But is a tricky move, because the gambler could place bets to team A and team B and only make public the winning bet to make use think he wins most of the times.

In sports the best thing to do is to place the bets on games that we feel they are an easy win. 

Depend on how much the commission is. People will do worse things to make money and this is very possible to happen some will even make more accounts to build up thier profile as a reliable bettor to copy.

There are really good individuals who can analyze matches in sports. They almost win every week just by picking the right athletes and parlaying. Its thier time to show thier profile on social media to lure users to copybet.

If someone manages to make high-quality forecasts and turns out to make money on it, then tell me why he shares his strategy? I also see some of them trying to sell their predictions. It makes me wonder why someone buys forecasts from other people, it's kind of stupid. It's also hard for me to appreciate how good it is to use other people's predictions, even if they have ratings, since I've never done that. I think that if I risk with my own money, then I have to make the decision myself.

Well bud, I honestly understand your point and maybe you can try to re-read the OP again and this time, you might understand that a feature like this isn't for every one, it is specially made available to those who choose to use it.
Just the same way trading is not for everyone, gambling is not for everyone, so also bet copying is not for everyone most especially, those who feel they are knowledgeable enough to make their own predictions, you can actually earn a good amount in commission from your predictions if you are good and manage to gather a good number of followers.
Bet copying is not for the pros, but for those know absolutely nothing about sports but still wanna bet, i made this categorically clear in the OP, right ?

If we applied the same system on trading platforms that has a copy-trade feature, obviously, it will just be visible to those who will buy the service. As I said previously here, there's no way it will be free therefore those users have to pay first before they can see the bets. The commission will surely be not present on this as that does not make sense to apply if there's already a fee before anyone can access the copy-bet features.

In other words, users really don't need this copy-bet feature as pre-game analysis are now available everywhere and can act as our reference. It's on us now how to form an analysis using those about a certain match

If there will be profits for the original bettor then it's alright. This could become a competition of who's the top quality gamblers, especially in the sports industry where analysis is needed.
An example would be us in the NBA betting thread where we sometimes tail the bet that was shared by one member of the forum because we think it's a good choice.
If I know there will be profits for him if I tail him then I'd rather copy his bet so that both of us can make money if ever it wins.
It will be like a tip but the one who will pay is the gambling site.
The worry that I see is abuse. Perhaps a limit per day, per gambler, and per IP should also be provided.

That would be a great way to encourage the feature but at the same time, it'll cut a portion of the sportsbook's profit or they have to increase the juice of the odds which can be discouraging at times if you tend to compare odds of different sportsbooks. If it brings down the quality of their sportsbook then it might be better to not incentivize the feature since gamblers prefer better odds. I like the feature as I always share most of my bets and even follow other gamblers but the potential cost that comes with it could be too much once it gets incentivized.

When a person become addicted in gambling then he basically try everything to keep himself busy and taking stress from the sports they placed their bets or the slot game they are playing. They always have time. I can tell from my experience that I was even chasing odds not knowing in which sports or which market I am betting on. It's looking at the odd and seeing if it's going in winning direction or losing.