receives almost 100% from betting

[enhu]

Just wanted to know if this gambling site already exist?
Lets say I wanted to bet on a sports match and the gambling site will serve as an escrow to whom i can bet with. in other words, we get to give equal amount to the escrow if we agreed to bet a match.  of course the site receives certain percent by acting as an escrow. 

[adaseb]

Just wanted to know if this gambling site already exist?
Lets say I wanted to bet on a sports match and the gambling site will serve as an escrow to whom i can bet with. in other words, we get to give equal amount to the escrow if we agreed to bet a match.  of course the site receives certain percent by acting as an escrow. 

Are you talking about PVP betting? There are some gambling sites that feature this already and the webmaster gets a percentage. Don't know if it applies to sports however.

[dooglus]

Just wanted to know if this gambling site already exist?
Lets say I wanted to bet on a sports match and the gambling site will serve as an escrow to whom i can bet with. in other words, we get to give equal amount to the escrow if we agreed to bet a match.  of course the site receives certain percent by acting as an escrow. 

It sounds like you are describing a betting exchange. Like a currency exchange, which matches buyers and sellers and takes a fee off the top, a betting exchange does the same, matching people with opposing views.

https://betfair.com/ is the biggest fiat betting exchange.

https://www.fairlay.com/ is a Bitcoin betting exchange.

[enhu]

Lets say I wanna bet for McGregor versus ALdo this 13th. I wanna bet for 0.05 btc only and if I win I get about 0.05 less the site fee.
if this what they mean here in page? https://www.fairlay.com/predict/registered/new/jose-aldo-vs-conor-mcgregor-5/

[dooglus]

Lets say I wanna bet for McGregor versus ALdo this 13th. I wanna bet for 0.05 btc only and if I win I get about 0.05 less the site fee.
if this what they mean here in page? https://www.fairlay.com/predict/registered/new/jose-aldo-vs-conor-mcgregor-5/

You won't get to exactly double you money - it will depend on how likely your guy is to win. If he's unlikely to win, you'll probably get better than a 2x payout if he does.

I don't know the site - I just heard about it, so I can't help further, sorry.

[skybot13x]

Are you really asking if there is someone who would bet at 2x for something that is less than 50% likely to happen?

There is no such site, if there is it would probably be bankrupt already. Probably you can start one?


Sevilla vs Juventus. I bet that there would be 1 goal or more scored. Both of us will send 0.01BTC to escrow, and the winner gets 0.02BTC. Do you consider the offer attractive?

[enhu]

Are you really asking if there is someone who would bet at 2x for something that is less than 50% likely to happen?

There is no such site, if there is it would probably be bankrupt already. Probably you can start one?


Sevilla vs Juventus. I bet that there would be 1 goal or more scored. Both of us will send 0.01BTC to escrow, and the winner gets 0.02BTC. Do you consider the offer attractive?

Why would the site gets bankrupt when the site don't spend anything at all but to escrow the bets of both parties.
Lets say you bet for Aldo and I for McGregor for 0.05btc we both send 0.05 to the site and if you win, you get 0.09 and the site get 0.01.

[Shogen]

Sevilla vs Juventus. I bet that there would be 1 goal or more scored. Both of us will send 0.01BTC to escrow, and the winner gets 0.02BTC. Do you consider the offer attractive?

Of course not. Someone could have bet "no goal" in that match on cloudbet to get an odds @ 10.6. Why would he/she engage in your deal for only @ 2?

[hua_hui]

Just wanted to know if this gambling site already exist?
Lets say I wanted to bet on a sports match and the gambling site will serve as an escrow to whom i can bet with. in other words, we get to give equal amount to the escrow if we agreed to bet a match.  of course the site receives certain percent by acting as an escrow.  

Are you talking about PVP betting? There are some gambling sites that feature this already and the webmaster gets a percentage. Don't know if it applies to sports however.

i think this is just like any gamble website nowsaday. even those sport bet site u see, they also have to make sure there is enough opposite bet before ur bets on for or against goes through.

[Rubberduckie]

even betfair takes a cut. I mean without juice there really
isnt a reason to even have a site.

[dooglus]

even betfair takes a cut. I mean without juice there really
isnt a reason to even have a site.

Of course, but they generally have better odds than traditional bookmakers, since you're betting against other gamblers, not the site itself.

[enhu]

even betfair takes a cut. I mean without juice there really
isnt a reason to even have a site.

Of course, but they generally have better odds than traditional bookmakers, since you're betting against other gamblers, not the site itself.

exactly!

even betfair takes a cut. I mean without juice there really
isnt a reason to even have a site.

yes. it only needs an escrow i suppose as there are lots of people here willing to bet for sports. BUT I don't see it happening here. I can see threads but thats just it. 

If lets say a user can create a bet option for a MMA fight to the said site and another user agrees to the amount, then whoever wins get to have the sum amount, not the odds.

 of course escrow or the site gets a percentage.

[equator]

Just wanted to know if this gambling site already exist?
Lets say I wanted to bet on a sports match and the gambling site will serve as an escrow to whom i can bet with. in other words, we get to give equal amount to the escrow if we agreed to bet a match.  of course the site receives certain percent by acting as an escrow. 

It sounds like you are describing a betting exchange. Like a currency exchange, which matches buyers and sellers and takes a fee off the top, a betting exchange does the same, matching people with opposing views.

https://betfair.com/ is the biggest fiat betting exchange.

https://www.fairlay.com/ is a Bitcoin betting exchange.

thanks for giving me the site names of betting exchanges. i was searching for betting exchange for bitcoins like betfair.com, just checked the fairlay.com site but it is not for live inplay matches i think it is just like other sites betting site, i need just like fiat currency betfair exchange where we can bet on live inplay also.