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Author Topic: Looking for a Middleman to place hedge bets [High Volume]  (Read 141 times)
Joel_Jantsen
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February 28, 2018, 07:39:42 PM
 #1

Hi,posting a requirement here from one of my clients that I'm working as a developer for.From his exact words,

Quote
Looking for a middleman who would place hedge bets on betting exchanges such as betfair. BTC will be taken and escrowed from all of the parties involved. Minimum amount is 10,000$ with a maximum of 25,000$ looking for at least 100,000$.

We can go with forum escrows such as OgNasty/dooglus/etc (but an escrow with gambling knowledge is preferred)

If you're the one or know someone who is willing to do this,please send me a personal message and from there I'll hook you up with the concerned person.As I'm posting it myself,it is my sole responsibility to take care of the parties involved from my side and  make sure the required amounts are escrowed with a trusted party.



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February 28, 2018, 11:09:38 PM
 #2

This is not a good idea and there is too much room for confusion.  Please be careful when trusting people on the internet
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February 28, 2018, 11:42:49 PM
 #3

This is not a good idea and there is too much room for confusion.  Please be careful when trusting people on the internet
I do believe that Joel knows what he is doing with regard getting an escrow, how escrow with multisig works, and trusting the escrow of their choosing would not be a problem as well. Although, who would be placing the bets? For sure it would be hard to find sportsbooks that bet on chain like the now closed directbet, where you can just use the multisig wallet to place bets. There are some alternatives to directbet but probably not as big and a bit shady to even trust.

Such a large amount though, you might have a problem in terms of getting people to invest that kind of money in a gambling venture.
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March 01, 2018, 07:32:28 PM
 #4

I am confused why this individual doesn't just bet himself directly.

Does he not own any Bitcoins and is worried about BTCUSD losing value which can affect his payout in the end?

Why doesn't he just buy some BTC and sell some as a hedge on Bitfinex or Bitmex?


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March 02, 2018, 10:36:05 AM
 #5

I am confused why this individual doesn't just bet himself directly.

Does he not own any Bitcoins and is worried about BTCUSD losing value which can affect his payout in the end?

Why doesn't he just buy some BTC and sell some as a hedge on Bitfinex or Bitmex?



Probably worried about taxes or something so he wants to bet with BTC, but on a major exchange (such as BetFair) since he's using a large amount of funds.

Gotta define everything very clearly before the deal, especially about BTC to USD escrow value.

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March 05, 2018, 03:37:43 PM
 #6

Sorry for delayed replies,been caught up with stuff recently..

This is not a good idea and there is too much room for confusion.  Please be careful when trusting people on the internet
Did you not see the word "escrow" ? Like I said if anyone doubts the credibility,I'm  ready to provide signed messages for holding x amount of funds.

I do believe that Joel knows what he is doing with regard getting an escrow, how escrow with multisig works, and trusting the escrow of their choosing would not be a problem as well. Although, who would be placing the bets? For sure it would be hard to find sportsbooks that bet on chain like the now closed directbet, where you can just use the multisig wallet to place bets. There are some alternatives to directbet but probably not as big and a bit shady to even trust.

Such a large amount though, you might have a problem in terms of getting people to invest that kind of money in a gambling venture.
That is why we are trying to find a middlemen who we could  trust.Not many sports-betting websites based on bitcoin support hedge betting like betfair.

I am confused why this individual doesn't just bet himself directly.
Does he not own any Bitcoins and is worried about BTCUSD losing value which can affect his payout in the end?
Why doesn't he just buy some BTC and sell some as a hedge on Bitfinex or Bitmex?
That is not how sports betting woks...

Probably worried about taxes or something so he wants to bet with BTC, but on a major exchange (such as BetFair) since he's using a large amount of funds.

Gotta define everything very clearly before the deal, especially about BTC to USD escrow value.
1.No..it's not the taxes or anything as far as I'm informed.
 2.Sure.Escrow terms mostly would be calculated in USD due to the fluctuating nature of bitcoin.

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March 08, 2018, 06:18:22 AM
 #7

Bump

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March 08, 2018, 05:52:01 PM
 #8

Hi,posting a requirement here from one of my clients that I'm working as a developer for.From his exact words,

Quote
Looking for a middleman who would place hedge bets on betting exchanges such as betfair. BTC will be taken and escrowed from all of the parties involved. Minimum amount is 10,000$ with a maximum of 25,000$ looking for at least 100,000$.

We can go with forum escrows such as OgNasty/dooglus/etc (but an escrow with gambling knowledge is preferred)

If you're the one or know someone who is willing to do this,please send me a personal message and from there I'll hook you up with the concerned person.As I'm posting it myself,it is my sole responsibility to take care of the parties involved from my side and  make sure the required amounts are escrowed with a trusted party.




Sent a private message.

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