A Question

[Hydrogen]

I've gambled on the outcome of mixed martial arts events since 2012. I usually do ok and win consistently. For a long time I've thought about offering a service whereby people can deposit 0.001 btc or lower sums of crypto and receive a paid interest rate split from my winnings. I would prefer to offer small deposits as I'm not wealthy and can't offer a great deal of insurance in the event of a worse case scenario. This wouldn't be a get rich quick scheme or attempt at instant gratification. It would be a long term attempt at HODL an attempt to create long term value.

My questions for the section are:

• Has anyone tried this? If someone has what happened?
• Would anyone be interested in this idea?
• Can I run a program like this without receiving negative trust?

I'm not certain how much interest I can or should offer. I might be able to manage 15% to 50% interest per month.

For those who have doubts I can post screenshots and documentation on my betting history to try to validate myself.

Its not guaranteed that I will follow through on this but it is something that interests me to discuss.

[Don Pedro Dinero]

I’ve seen posts like this one before but written by newbies. I don’t usually trust them but in this case,  I could believe that you are honest.

I wouldn’t be interested in it because, when someone like you has had a good record I think it is due to variance: you might be better than the average but there is no guarantee that you will keep your winnings ratio. Moreover, if you are confident in your betting skills you only need to reinvest and keep betting to make money, I don’t see why you are interested in getting small sums from other people.

[audaciousbeing]

I've gambled on the outcome of mixed martial arts events since 2012. I usually do ok and win consistently. For a long time I've thought about offering a service whereby people can deposit 0.001 btc or lower sums of crypto and receive a paid interest rate split from my winnings. I would prefer to offer small deposits as I'm not wealthy and can't offer a great deal of insurance in the event of a worse case scenario. This wouldn't be a get rich quick scheme or attempt at instant gratification. It would be a long term attempt at HODL an attempt to create long term value.

My questions for the section are:

• Has anyone tried this? If someone has what happened?
• Would anyone be interested in this idea?

• Can I run a program like this without receiving negative trust?[/b]
  
  

I'm not certain how much interest I can or should offer. I might be able to manage 15% to 50% interest per month.

For those who have doubts I can post screenshots and documentation on my betting history to try to validate myself.

Its not guaranteed that I will follow through on this but it is something that interests me to discuss.

The bold part is why I would advice against running something like this. You are someone when I see comment, I know something sensible is being said but won't want to see that go because of a negative trust that would make all your comments be about defending, arguing or justifying the rules both written and the unwritten ones and no one would care how much you have contributed to the forum when it comes landing.

I have seen people offer this kind of service (even trading then share the profit) and eventually because its based on risk where the outcome cannot be known for certain, funds is bound to be lost and when that happen, someone needs to be blame and that person would be you for starting the services in the first instance. Some could even interpret it to mean a ponzi scheme. My advise eschew such idea. If you will create an affiliate program where people go to the website and bet directly via your referral code then go for that but not this. #my opinion.

[ralle14]

I've seen a thread on the investor based games or from another section I really can't remember exactly since it was an old thread where he invites users to invest 0.01 btc to him and they would have to choose which coin they want to invest on and he must hold everyone's money for about a year and then give it back to them.

How long are we talking about for this hodl service you're planning to operate in the future?

Edit. : I found the thread it was from Loyce.

[Zackgeno96]

Can I run a program like this without receiving negative trust?

We have seen such offers previously also and many of them got the negative trust as they failed to prove their claim. You must answer the questions raised by the community members and if you failed then you might get the negative trust. So do your home work before rolling out such scheme.

I'm not certain how much interest I can or should offer. I might be able to manage 15% to 50% interest per month.

It depends on you. How much you can earn and afford ? No one will wait for a month and risk their money, consider weekly.

For those who have doubts I can post screenshots and documentation on my betting history to try to validate myself.

Of course. You must produce the concrete proof, otherwise no one will believe you.

Its not guaranteed that I will follow through on this but it is something that interests me to discuss.

It will be difficult for you to convince the people for investing into your scheme as the scammers are everywhere.

[mostkey]

I've gambled on the outcome of mixed martial arts events since 2012. I usually do ok and win consistently. For a long time I've thought about offering a service whereby people can deposit 0.001 btc or lower sums of crypto and receive a paid interest rate split from my winnings. I would prefer to offer small deposits as I'm not wealthy and can't offer a great deal of insurance in the event of a worse case scenario. This wouldn't be a get rich quick scheme or attempt at instant gratification. It would be a long term attempt at HODL an attempt to create long term value.

My questions for the section are:

• Has anyone tried this? If someone has what happened?
• Would anyone be interested in this idea?
• Can I run a program like this without receiving negative trust?

I'm not certain how much interest I can or should offer. I might be able to manage 15% to 50% interest per month.

For those who have doubts I can post screenshots and documentation on my betting history to try to validate myself.

Its not guaranteed that I will follow through on this but it is something that interests me to discuss.

What do you mean? do you intend to interest us to invest money for your gamble, in return for 15 - 50% per month?
I think this will just end up silly, you have not got any confidence, and you have no proof that you have properly managed the funds you have ever played for gambling. if you have some references for us to trust this, please attach it to this thread

[milewilda]

I've seen a thread on the investor based games or from another section I really can't remember exactly since it was an old thread where he invites users to invest 0.01 btc to him and they would have to choose which coin they want to invest on and he must hold everyone's money for about a year and then give it back to them.

How long are we talking about for this hodl service you're planning to operate in the future?

Edit. : I found the thread it was from Loyce.

Same holding targets but completely different from each other when it comes on giving out percentage.This one do offer monthly payments and that LoyceV offer can be harvest out for a year as far as i know.By means on how they do make it grow, then its just between holding and the other one is thru gambling. 0.001 isnt really big though on trying out and i do trust this service rather than on those newbie accounts saying the same thing in the past. Getting negative trust? No you cant, since you are not doing anything wrong in here.

[Koadharber]

Has anyone tried this? If someone has what happened?
There are already lots of things who do try to offer but most of them are just newbies which cant really be trusted.

Would anyone be interested in this idea?
There might people to get interested on what you are trying to offer here but we would like to know the assurance of the funds being handled.

Can I run a program like this without receiving negative trust?
Anytime, people can run off a program as long it doesnt violate any forum rules then you should be fine.

[marlboroza]

I've gambled on the outcome of mixed martial arts events since 2012. I usually do ok and win consistently.

Why do you need other peoples money?

I might be able to manage 15% to 50% interest per month.

From betting? Sounds legit.

For those who have doubts I can post screenshots and documentation on my betting history to try to validate myself.

Please do. Include all bets from 2012 till now.

[Maricel2017]

• Has anyone tried this? If someone has what happened?

I already try to ride small amount of money to other person who offered like this buy he show me all the lose bet and say that the amount i gave to him was already lose.

• Would anyone be interested in this idea?

I think there it is, but me i do not want to engange in this kind of offer again sorry.

• Can I run a program like this without receiving negative trust?

Yes you can but make sure you dont break the rule of your offer.

I suggest why you do not only give a free betting tips and more of us will follow your tips. I think by doing that me or other people will gives you donation when your tips was realiable and made us profit.

[JanpriX]

It is not guaranteed that many people will get interested in your plan but I'm sure that some in this forum will be. The question is if whether you'll push through with your plan even if the interested group only consists of 10 people? Honestly speaking, I'm quite intrigued by your proposal and would consider myself joining especially if you'll just require small amount of BTC. Would you mind to post a screenshot of your recent betting history?

Regarding the negative trust, I think people will give you negative trust especially when they lose their money. My suggestion is that you should provide some agreement saying that whatever happens with the money that they give to you, they will not give you any negative trust. For example, let them send you a PM saying that even if you lose your bet (together with their money), there will be no bad feeling about it. By using that PM, you can counter their accusation in the future.

[Baofeng]

I will be interested in this kind of "pooling" I've been following UFC/MMA fights as well so I think I will take advantage of this kind of service.

We have been in UFC discussion threads by    tokeweed, so I'm sure that you know the sports very well. As far as getting tag, this is gambling, unless you ran off with our money, I don't think that a red trust should be given.

P. S. You can also check this thread. https://bitcointalk.org/index.php?topic=1931295.0

[vintages]

No matter how you try to prove yourself worthy by showing proves, people will still not trust or paint you red because most times you may not meet their expectations. If you're truly good with the gambling. I don't see why you would want people to put in their own. In my own opinion; I suggest you should keep playing as you usually do. At least, there won't be a need to explain your loss to anyone if it ever happen.

[MinerHQ]

• Has anyone tried this? If someone has what happened?

I never tried this and also never go for it. Because I don't trust that one can win or make money from gambling in the long run. If your winning continuously from 2012 in gambling then you wouldn't have opened this thread because by now you should have got a lot of money from this method.

• Can I run a program like this without receiving negative trust?

I don't think so.

I might be able to manage 15% to 50% interest per month.

I don't think you can pay such a high-interest rate for the long term. You will fail here and get negative trust.

[Hydrogen]

I don’t see why you are interested in getting small sums from other people.

Over the short term, there wouldn't be much potential for gain. It would be the beginning of a process to build a reputation, keep a record of wins versus losses, and try to prove I can deliver on my claims. The low sums would be to make it easier to cover losses in the eventuality of worst case scenarios and ensure that any funds held in trust will be 100% insured.

The long term perspective is where things get interesting. If 6-12 months from now, I can prove the validity of my claims, then there might be an opportunity there.

I've seen a thread on the investor based games or from another section I really can't remember exactly since it was an old thread where he invites users to invest 0.01 btc to him and they would have to choose which coin they want to invest on and he must hold everyone's money for about a year and then give it back to them.

How long are we talking about for this hodl service you're planning to operate in the future?

Edit. : I found the thread it was from Loyce.

Nice link! Almost identical to what I was thinking of.

What do you mean? do you intend to interest us to invest money for your gamble, in return for 15 - 50% per month?

Yes. 100% correct. Also: an accurate description of what banks, hedge fund managers and other investors do.     When you deposit money in a bank, any legal guidelines which prevented them from gambling with your money were removed back in 1999. The 2008 economic crisis was a real world example of what happens when banks gamble on subprime mortgages and lose.     Anyways I just feel like I need to do something for myself and perhaps the community this is the only thing I can think of where I might contribute.  

[FrueGreads]

What you are trying to offer, if you are honest is probably very difficult to pull off. You've mentioned that the reason that you want to accept only small deposits is to be able to guarantee a full 100% refund in case things get bad. You need to explain this because this would be very risky for you to do.

Since you compared your "service" to banks, I sure that this could be compared to a high risk investment service, and the normally don't offer any refunds on those, because it would not be profitable for them. If things go bad you are taking all the risk, if things go well you are taking down on your profit. On a high risk investments this is a potencial disaster in my opinion.

I think this could be a great service, but you need to really clarify all terms so that people feel comfortable to invest with you. Using an escrow would also be important for a lot of people but it would probably only work to guarantee a partial refund, since the money would be with the escrow and not with you. Maybe you should consider lowering the profit given, and guaranteeing a partial refund.