Do this

[FromRussia]

Stats

Bank: $3141.14
Started with: $3000 (on 10-May-2015)


Bets won: 39  Bets lost: 16

Day 1: +$142.5
Day 2: - $101.0
Day 3: +$99.64

What is this?

I provide a horse, you make a bet on Betfair that it will not win the race.

What is a lay bet

You basically bet that the horse will NOT win the race.
If the horse does not win, you won the bet and the profit is the stake you entered.
If the horse does win, you lost the bet and lost stake*(odds-1).

Do NOT bet on a site that is a normal sportsbook.

All these bets are LAY bets which can only be done on Betfair and betting-exchangers!

If you can't read four sentences in the first post, please don't even follow this topic, you will lose all your money.

Where can this be done

I do this on Betfair. Unfortunately they do not accept Bitcoin directly, however if there is a betting exchanger (not a classic sportsbook!) which accepts btc directly, you can do the same there.

Note:
There's a solution if you want to use Bitcoin to deposit on Betfair.
You can deposit the btc to Neteller and then deposit from Neteller to Betfair.

How to place a lay bet

1st step: https://i.imgur.com/P0blUlj.png
2nd step: https://i.imgur.com/TxIiqRT.png

Now please note this:

Betfair is much more complex then a regular betting service, the amount of money
you enter as a stake is very important, it also depends on the odds and your bankroll.

I will start this as a free service for a time (that is why it's explained 'in short' right now), after which, I will charge a monthly fee for the bets,
and of course, each of you who is interested will get a step by step explanation and a detailed staking plan will be provided. However until then, feel free to ask any questions in this topic.

Where I get the horses for the picks?

In Russia.

[yakuza699]

And what if the horse loses the race?Will you refund my bet?If so may you please move some BTC to an escrow?Also why you mentioned how much you have as a bank?

[FromRussia]

And what if the horse loses the race?Will you refund my bet?If so may you please move some BTC to an escrow?Also why you mentioned how much you have as a bank?

If the horse loses the race, you WIN, if the horse wins the race, you lost. Please read everything carefully again.

I mentioned how much I have as a bank because I will do this regularly and send tips/keep statistics every day.

[twister]

And what if the horse loses the race?Will you refund my bet?If so may you please move some BTC to an escrow?Also why you mentioned how much you have as a bank?

Actually he'll be telling exactly that, that which horse will not win, this is why it is called a lay bet. So the real question should be, what if your prediction is wrong and the horse you chose to lose, ends up winning the race? Do we get our bet money back?

[yakuza699]

And what if the horse loses the race?Will you refund my bet?If so may you please move some BTC to an escrow?Also why you mentioned how much you have as a bank?

If the horse loses the race, you WIN, if the horse wins the race, you lost. Please read everything carefully again.

I mentioned how much I have as a bank because I will do this regularly and send tips/keep statistics every day.

Sorry I did understood that but what I meant was:What if I loose my bet, will you refund it?Twister above said the same.

[cryptworld]

Directbet has horse racing section

http://www.directbet.eu/Events.cshtml?EventType=Horse%20Racing

[FromRussia]

And what if the horse loses the race?Will you refund my bet?If so may you please move some BTC to an escrow?Also why you mentioned how much you have as a bank?

Actually he'll be telling exactly that, that which horse will not win, this is why it is called a lay bet. So the real question should be, what if your prediction is wrong and the horse you chose to lose, ends up winning the race? Do we get our bet money back?

And what if the horse loses the race?Will you refund my bet?If so may you please move some BTC to an escrow?Also why you mentioned how much you have as a bank?

If the horse loses the race, you WIN, if the horse wins the race, you lost. Please read everything carefully again.

I mentioned how much I have as a bank because I will do this regularly and send tips/keep statistics every day.

Sorry I did understood that but what I meant was:What if I loose my bet, will you refund it?Twister above said the same.

For now, I'm doing this for free. When I start to charge for the tips, if there will be more bad tips then good tips, you will get a full refund.

Directbet has horse racing section

Please note that this is not the same as a regular betting. It is a 'lay', not a bet. If Directbet is a sportsbook, not a betting exchanger (with back-lay system), please remove the link. Thanks.

[trafficolaa]

that is really interesting to bet on lay horse so i am familiar with that betting style, thanks for sharing this method with us and i would to hear from you about your picks on lay horse, hope will get some money by betting there

[amiryaqot]

on betfair no option to put bet using bitcoin as payment method that is bad news for me because i love to bet only with bitcoin and their verification system sucks me i hate these kind of betting site where i have to put my documents for playing

[FromRussia]

on betfair no option to put bet using bitcoin as payment method that is bad news for me because i love to bet only with bitcoin and their verification system sucks me i hate these kind of betting site where i have to put my documents for playing

Sorry me to, I would like if there would be a betting exchanger with horse racing that accept bitcoin. Maybe there is...

[cryptworld]

on betfair no option to put bet using bitcoin as payment method that is bad news for me because i love to bet only with bitcoin and their verification system sucks me i hate these kind of betting site where i have to put my documents for playing

Sorry me to, I would like if there would be a betting exchanger with horse racing that accept bitcoin. Maybe there is...

Directbet has horse racing section

http://www.directbet.eu/Events.cshtml?EventType=Horse%20Racing

I quote me man! take a look at that site!

[FromRussia]

on betfair no option to put bet using bitcoin as payment method that is bad news for me because i love to bet only with bitcoin and their verification system sucks me i hate these kind of betting site where i have to put my documents for playing

Sorry me to, I would like if there would be a betting exchanger with horse racing that accept bitcoin. Maybe there is...

Directbet has horse racing section

http://www.directbet.eu/Events.cshtml?EventType=Horse%20Racing

I quote me man! take a look at that site!

You don't understand. This can not be done on Directbet because we need 'lay', not simple 'bet'.

[Wendigo]

on betfair no option to put bet using bitcoin as payment method that is bad news for me because i love to bet only with bitcoin and their verification system sucks me i hate these kind of betting site where i have to put my documents for playing

Betfair is the biggest and the best betting exchange in the world. No bitcoin sportsbook or exchange can come close. You could use Neteller to transfer your bitcoins into fiat currency on Betfair.

[Wendigo]

on betfair no option to put bet using bitcoin as payment method that is bad news for me because i love to bet only with bitcoin and their verification system sucks me i hate these kind of betting site where i have to put my documents for playing

Sorry me to, I would like if there would be a betting exchanger with horse racing that accept bitcoin. Maybe there is...

Directbet has horse racing section

http://www.directbet.eu/Events.cshtml?EventType=Horse%20Racing

I quote me man! take a look at that site!

You don't understand. This can not be done on Directbet because we need 'lay', not simple 'bet'.

You need to point out to the newbies here in the thread what exactly the liability is because they would lose all their coins inadvertently with 1 lost event.

[FromRussia]

on betfair no option to put bet using bitcoin as payment method that is bad news for me because i love to bet only with bitcoin and their verification system sucks me i hate these kind of betting site where i have to put my documents for playing

Sorry me to, I would like if there would be a betting exchanger with horse racing that accept bitcoin. Maybe there is...

Directbet has horse racing section

http://www.directbet.eu/Events.cshtml?EventType=Horse%20Racing

I quote me man! take a look at that site!

You don't understand. This can not be done on Directbet because we need 'lay', not simple 'bet'.

You need to point out to the newbies here in the thread what exactly the liability is because they would lose all their coins inadvertently with 1 lost event.

Sure, however I will keep this simple until it's free.

[SyGambler]

I really don't know anything about horse racing
but I think betting on a horse that will not win will be with terrible odds

I will follow for some times
if I find the odds worth the try then I will for sure do some bets

Good luck with your bets

[deluxeCITY]

Interesting and something I will keep my eye on, never heard of lay betting but I will follow you for awhile and while doing so I will do some searching online to see what I have been missing out on lol I like different and this is exactly that and you are offering your service for free to begin with so I will see you tomorrow 

[xKomatsu]

why you posted this on bitcoin forum if the site you saying to be from is not accepting bitcoin as payment method? 1 more thing, you will ask for paid picks for the horse that will lose, i dont think it is worth it. It is too easy to know if the horse really cant win in a race

[FromRussia]

why you posted this on bitcoin forum if the site you saying to be from is not accepting bitcoin as payment method? 1 more thing, you will ask for paid picks for the horse that will lose, i dont think it is worth it. It is too easy to know if the horse really cant win in a race

Why you posted in a topic in which you're not interested in?

[PlayCryptour]

Anyway we can guarantee safety of our bet?

i.e. if we win the bet, we would be getting the payout.