[Loan] Seeking 15 BTC with 96% change of ~5% ROI in less than 24 hours

[RantinRave]

First off, I must say that I'm VERY excited to be posting here to hopefully gain to rep and gain some people some easy money. The whole idea behind this is quite interesting and if I could fund it myself I would. Unfortunately I can't. So that's why I'm coming to the bitcoin guys for some funding

What do I need: 15 BTC
When do I need it: November 14th at the earliest

How will I do this?
The idea behind this is simple and has been out there for many years. Sports Arbing/Hedging the idea behind this rarely works because the house has an INSANE edge around 10% to be exactly. So if you post 1 BTC on Team A to win and 1 BTC on Team B to win*. You in theory would break even, right? Wrong. As any sports bettor knows you lose because of the vig.

Well, what if you could bet WITHOUT the vig? That's exactly what we are doing on the first book. We are using a sportsbook that accepts bitcoins to make the first wager.

What about the 2nd bet? Well that's where things get "fun" and I can use a semi-niche of mine. There's plenty of online sportsbooks that have money that is hard to cashout. So people sell this money at a discount. Around a 15% discount. So pretty much for every 1 BTC we wager on the 2nd sportsbook it only costs us .85 BTC.

I'm sure the idea is very confusing and I'm more than willing to explain this in detail to anybody that needs to.

Please PM me if you are serious. I will provide a google spreadsheet for tracking and show you what exactly we can do!

[RantinRave]

So I just did the math and I'll be able to give you a 96% chance of getting 2BTC on a 15BTC investment.

Worst case scenario is .. after 24 hours you get 15 BTC back

[underminer]

Wait for it.

[jwzguy]

How much BTC are you sending him, underminer? 96% odds sound pretty good.

[underminer]

Waaaaait for it.

[RantinRave]

Please no trolling/thread capping please. I'm pretty stoked about getting this rolling and somebody who wants to do business.

Like I stated in the OP the worst case scenario is that you get all your bit coins back after 24 hours

I'm more than willing to share more information with the investor, but here's what it comes to:

1st -   50.00% (Bet 1BTC. If won on 2nd book then ship back 15BTC plus 50% of winnings if hits on the 1st sportsbook ...)
2nd -   75.00% (Bet 2BTC. If won on 2nd book then ship back 15BTC plus 50% of winnings if hits on the 1st sportsbook ...)
3rd -   87.50% (Bet 4BTC. If won on 2nd book then ship back 15BTC plus 50% of winnings if hits on the 1st sportsbook ...)
4th -   93.75% (Bet 8BTC. If won on 2nd book then ship back 15BTC plus 50% of winnings if hits on the 1st sportsbook ...)

So pretty much what you are doing is flipping a coin 4 times. If it hits heads every single time then you just get your 15BTC back. If it hits tails any of the of the 5 times then you get your 5% earnings.

The ROI all depends upon the discounted money that is purchased. So for example, the left column is the discount money is purchased at. Middle column is money that will be earned. Last is the amount we should earn:

Purchased at X Value | Total Value Earned ($) | Split Between 2 ($)
99%   0.75   0.375
98%   1.5   0.75
97%   2.25   1.125
96%   3   1.5
95%   3.75   1.875
94%   4.5   2.25
93%   5.25   2.625
92%   6   3
91%   6.75   3.375
90%   7.5   3.75
89%   8.25   4.125
88%   9   4.5
87%   9.75   4.875
86%   10.5   5.25
85%   11.25   5.625
84%   12   6
83%   12.75   6.375
82%   13.5   6.75
81%   14.25   7.125
80%   15   7.5
79%   15.75   7.875
78%   16.5   8.25
77%   17.25   8.625
76%   18   9
75%   18.75   9.375

Usually the money is purchased anywhere between 75-85%, but with the market so flooded now it's easy to get it cheaper.

Any questions, PLEASE PM or post in thread.

Thanks!

[Projects]

Are you kidding me

[RantinRave]

Are you kidding me

no I'm not.

If you are going to say something like this at least give me some constructive criticism. For example:
1. Do you not think the idea will work?
2. Does the math not make sense?
3. Do you not understand the avenues that will be required to get the $ and hedge the wagers?
4. Is it because of my low post count and/or new member status?
5. Is it because I'm not providing any information about myself?

And if this is the case just let me know AND why. Honestly this can be a huge opportunity for the right person.so just because you have a problem with it don't troll the thread. You've never tried it before so you can't prove one way or the other. I have everything out there ...

Feel free to post what you think is wrong, right, or obsurd with this request.

I'm more than willing to give information about myself if that is what's needed.

[Projects]

I know all about sports betting.
I did matched betting for many years, along with arbing and hedging and trading on the exchanges.
I know it can be very profitable and minimal risk to no risk if done correctly that is not the problem.
The problem is you are a brand new user asking who has headed straight to the loan section asking for a loan.

[RantinRave]

I know all about sports betting.
I did matched betting for many years, along with arbing and hedging and trading on the exchanges.
I know it can be very profitable and minimal risk to no risk if done correctly that is not the problem.
The problem is you are a brand new user asking who has headed straight to the loan section asking for a loan.

THANK YOU!

Now at least I have a little something to work with. Well, I do know its hard to gain rep in a new forum. I also know that it does that time for most. If anybody wants to talk one on one or needs me to give some personal info I would be more than willing. So just PM me of needed.

[Vod]

This should be in gambling, not lending.

[Projects]

This should be in gambling, not lending.

Well technically it is a loan request - but for gambling.
I wouldnt condone borrowing money to gamble with nor lend money personally for gambling with.

[AndrewBUD]

People really need to hang out for a while... Get to know the forum a bit prior to asking for such things...

[BurtW]

Are all these bets placed in BTC or USD?

[RantinRave]

Are all these bets placed in BTC or USD?

Bets are placed in BTC on one.site but USD on the other.

Mods if this needs to go in gambling feel free to move it.

Other than that I'm thinking a few trades under my belt wouldn't hurt before I go out a request a loan. Lol

[Vod]

Mods if this needs to go in gambling feel free to move it.

The mods are not your servants.

You have the ability to move it where it belongs by yourself.

[RantinRave]

The mods are not your servants.

You have the ability to move it where it belongs by yourself.

Nice one.

While I move it can you go ahead and do yourself a favour ... go find a girl and get laid. FFS.

[BurtW]

Question:  you are asking for 15 BTC, or about 15 x 11 = $165 (at the moment) to invest in an "almost sure thing".

So, why don't you borrow $165 on a low interest rate credit card or from a friend or family member, run your system and make the money yourself!

If it works as well as you say then you will be wealthy in no time at all and be able to buy all the BTC you want.

[mute20]

High risk loan if my experience tells me anything.

[BurtW]

High risk loan if my experience tells me anything.

I beg to differ.  This is a very low risk loan if you don't make the loan