SmartBetting, a profitable investment possibility. 33% collected in 1 week

[SebastianJu]

Question about this monthly price. Does it start when the website goes live and the system starts making bets, or do we have to give .05BTC per month even if the system isn't ready?

Quick edit: also, if my math is right (and it may not be since I did this really quickly), if I invest only .05BTC, and the monthly amount distributed to investors is 30BTC as stated in your prospectus I will only be making .03BTC a month, so that's not even break even after fees. In order to break even, 50BTC would have to be distributed. How much BTC do you see being distributed to investors a month?

The investments start at 0.5BTC if i see it correctly. What you speak about is the membership fee. Thats the fee for those people that want to use the websites service. And of course this fee only has to be paid for a working service. So i guess you need to decide if you want to invest in the site or use the service only.

By the way... Only 0.03BTC a month for a 0.05BTC Investment would be huge. You realize that this would be 720% annual profit? I doubt the website will reach those numbers easily but youre critizising on a really high level. Not even the best investments in bitcoin economy, that iam aware of, have profits over 100% yearly. Including discounts on share buys and all. So in the case this website really would get these numbers it would be huge. Realistically i would set on way lower numbers. If the numbers go high depends on if the website gives a real advantage.

[CoinThinker]

Question about this monthly price. Does it start when the website goes live and the system starts making bets, or do we have to give .05BTC per month even if the system isn't ready?

Quick edit: also, if my math is right (and it may not be since I did this really quickly), if I invest only .05BTC, and the monthly amount distributed to investors is 30BTC as stated in your prospectus I will only be making .03BTC a month, so that's not even break even after fees. In order to break even, 50BTC would have to be distributed. How much BTC do you see being distributed to investors a month?

Just to confirm: obviously membership will be only from the moment when the site is up and running, not before.

At this moment I am collecting the necessary funds to make the site up and running, so now it is the investment period. This period will be closed at the moment when 50 BTC will be collected, so if you don't want to miss this opportunity, then time is now. People who invest now will get a share of the revenue the websites generate, and trust me, that can  add up to huge amounts.

45 BTC left to invest. To give an example: if somebody would invest 45 BTC at once now, then he would get 90% of the 60% of sales. This means that if there'll be 1.000 members at a given time, paying 0.05 BTC/month each, the person who invested 45 BTC will get 27 BTC EVERY SINGLE MONTH (that's 324 BTC/year with 45 invested).

[Chef Ramsay]

This is an interesting proposition but I'm concerned that the Bitcoin community (as it stands) and the sports community don't overlap to any significant degree. Dice and casinos are one thing but geeks and jocks typically don't jive. Assuming the site is developed and everything is a go, where do you plan on getting these members from? An online sig banner ad campaign? Considering it is unique, I do see promise for this at some point assuming all goes right. The fact that you value your reputation is a big one for me in terms of considering throwing down.

[CoinThinker]

This is an interesting proposition but I'm concerned that the Bitcoin community (as it stands) and the sports community don't overlap to any significant degree. Dice and casinos are one thing but geeks and jocks typically don't jive. Assuming the site is developed and everything is a go, where do you plan on getting these members from? An online sig banner ad campaign? Considering it is unique, I do see promise for this at some point assuming all goes right. The fact that you value your reputation is a big one for me in terms of considering throwing down.

I know what you say. This is why (it's also written in the doc), when the site is ready members can sign up also with paying with USD (traditional payment methods).

As far as what I intend to do after the development process is finished, here's a quick summary (beside these of course the site will be SEO optimized, but with today's Google algrorythm being so unpredictable there is no guarantee regarding to good rankings for top keywords):

- viral marketing (FB, Twitter, etc); people will be able to share, like, tweet (or the system will share, like, tweet automatically instead of them, if they will choose to login for example via FB, or they accept this)
- Youtube videos: it is a strong way to build up confidence because you can showcase in short videos successes, every days prediction success ratio, funny videos about it, etc.
- Using forums, like bitcointalk for example, and marketing there the existence of this website; but also on more specialized forums, related to sports and sports betting
- Affiliate/Tell a friend systems of course, which will help spreading the word (or other type of reward systems)
- building an email list (and thinking on other email marketing campaigns, like partnering up with existing lists and offering affiliate programs, etc.; have some connections in this field as I have been involved in creating lots of gambling related websites)

It's not a final plan, nor perfect, but it's a start for what I intend to do to make this system popular.

[floatyfish]

I don't think I made myself clear. What I was trying to say is that if I invested .05BTC and earned .03BTC per month before the fee, then after the fee I would actually lose money.

[CoinThinker]

I don't think I made myself clear. What I was trying to say is that if I invested .05BTC and earned .03BTC per month before the fee, then after the fee I would actually lose money.

You are not loosing. You are buying a 0.05 BTC service for 0.02 (also please remember the calculus is made with 1.000 members, it can be less or a lot a more).

But of course nobody stops you to invest more, and then you get a large share. Investing minimum 5 BTC means that you get lifetime free account, plus 3 BTC/month (again, with 1000 members, but if the site kicks off, and there'll be 10.000 then you will make 30 BTC/month).

At this point the maximum possible investment is 45 BTC.

[floatyfish]

I just realized that my reading comprehension is terrible. Apologies for the confusion, as I missed this key part:

The investments start at 0.5BTC if i see it correctly. What you speak about is the membership fee. Thats the fee for those people that want to use the websites service.

[CoinThinker]

OK guys, 7 days left ONLY (or maximum 45 BTC). You never know when that is going to be filled up, so hurry up and don't miss this chance!

This is a very good investment possibility please read the details at: https://bitcoinstarter.com/projects/1000.

If the system will have 1.000 members then for every bitcoin you invest you will receive 7.2 BTC EVERY single year. Quite nice, right? If you invest 45 BTC, then with 1.000 members you'll get 324 BTC/year. And who told that a system like this will only have 1.000 members? What if it will have 10.000? Oh yes, then for 45 BTC (the maximum remaining so far), you will get 3240 BTC every year.

Of course things might go worse also... might not make that many members, but I am very much confident that this one is going to work amazing. However, let's make a calculus what happens if the system will have only 100 members (as in one hundred): then you will receive for every bitcoin you invest 0.72 BTC every year. Still not bad, is it?

[bigasic]

Did you test already if your prediction algorhythm will work? I only think the following:

Each and every bettings site needs to calculate how certain win for a match and player is. Depending on that they will set the payout levels. At the end they do exactly what you try to do. So if someone wants to know, which player most likely will win, he only needs to check betting sites and the odds will show him the outcome that will come most likely. If that wouldnt work then betting sites would go bankrupt pretty fast.

So why do you think that you can create a system that is better than the predictions of those betting sites, that probably tweak their algo since decades already?

SebastianJu, I think you really really overrate sports betting websites and establishing the betting odds are a lot more subjective as you might think.

The betting odds established at websites are based on most of the times on Betfair's betting odds. If you don't believe me, then just have a look, try with any sports from soccer to horse racing, and you will see that the moment the betting odds are getting smaller on betfair, within minutes websites will adjust their odds too, and when odds getting higher on Betfair they raise their own odds too. You can see this best at horse racing as there changes will happen faster, as opposed to a soccer game (but there too you will see immediately).
So what sports betting websites have algorythms for is to eliminate arbitrage possibilities, and make sure they keep their odds lower than they betfair lay bets odds are. Otherwise you would bet on any event on the sports betting website and you would lay the same amount on betfair (or almost the same amount) and you wouldn't really care about the result: every time it happens that you win at the sports betting agency, you win...

So Betfair establishes in reality odds market. So what's wrong with this then? Might Betfair have better algorythms or something? No, that's not the case at all. Why? Because Betfair is an exchange market where odds are traded. Odds are established by players on the market and that is why things become subjective again. If somebody for example is so confident that TEAM A will win that he throws on the market a very large amount, that will immediately push down the odds unless there is not an equal financial support for TEAM B also on the betfair exchange market. Of course, in this case if you start to think about the possible difference in sizes of the two clubs (TEAM A, and TEAM B) fans clubs, it will be obvious in which direction odds are going.
And I am not saying that this is a bad thing, or that this market trends might not have objective basis too. But there is a lot of subjectivity to it, and that is the part my system can at least in big part eliminate.

That's how it happened for example that Man Utd had odds around 1.2 (so you actually had to risk 500 USD to win 100 USD) against Stoke City, in a game which after all he lost with 0-1. I am not saying either that my system would have been suggesting to place a bet on Stoke City. My system would simply skip this bet (or just mark with a yellow flag or something to bet with caution), mostly because if you analyze objectively the late results of these teams you will immediately see that Man Utd. has lots of draws in best case scenario, and losses. Didn't actually won a match for a while. Of course the analysis it's not simple, you need to make a lot of cross-analysis, etc. I am just trying to summarize it briefly.

According to van Gaal (their coach) this defeat against Stoke "wasn't a surprise". So if people their own coach didn't considered this to be a surprise, how come odds were down as 1.2? Because of the subjective factor.

An acquaintance of mine puts bets in casinos for rich people around the country/world. some are huge bets, one bet he did was on a smaller college game, one of his whales bet hundreds of thousands on this game and immediately the odds changed drastically. so, you are right, it depends on the bets, not necessarily the best team or players.. usually those big bets come from some insider info or have some control over the game, like paying off one of the refs. Its done much more than we'd like to think.. they dont think its wrong, the team is going to win anyways, so why not just make them score a few points less? Anyways, if you could get the info before everyone else did so you could put the bets down would be awesome, but i would think that in this age the it takes just milliseconds for everyone to sync up.

[🏰 TradeFortress 🏰]

BitcoinStarter has a 0% funding success rate.

[CoinThinker]

BitcoinStarter has a 0% funding success rate.

Yes, I already realized, that the only traffic which goes to this page https://bitcoinstarter.com/projects/1000, the page of my project, is probably the traffic which are generated by people who read this post...

However, does anyone know  successful bitcoin crowdfunding website? Because a project as mine, with such a big ROI, should have been easily filled already (it's now 5 days spent, 6 remaining).

[CoinThinker]

This opportunity is still open. Have a very good look at the details of the project at https://bitcoinstarter.com/projects/1000, think about what it means and jump in before others fill in the places!

This can be really really huge. If you spend one hour thinking about it, I am sure that everybody will see the clear potential of this project.

[pascal257]

Your subjects are getting more hilarious every day: SmartBetting: the best investment possibility ever, still open

Using these celebratory subjects smells like scam. Beware.

[CoinThinker]

Your subjects are getting more hilarious every day: SmartBetting: the best investment possibility ever, still open

Using these celebratory subjects smells like scam. Beware.

Well, sorry, I am open for suggestions on how would you make a subject line to raise attention. Obviously the site I have chosen for this (bitcoinstarter) is a failure and probably the only traffic that page has is coming from this thread, so it would be really important for me to try to come up with some good subject lines.

EDIT: I have changed the subject line Hope this one is better.

[pumawolf]

u should do an ipo at havelock or something similiar i would be more interested if i could trade my shares.

[CoinThinker]

After one week of fundraising this project managed collect collect about 33% of the 50 BTC target.

5 BTC came via bitcoinstarter and 11.66666667 BTC directly to my address with txid 4f396d3a3fc907e0cf26d72b70f5b3aee125503a73122bc079ad3736f0e433d3.

This means that the investment is still open for another 33.33333333 BTC. After this remaining amount is collected no more investments will be accepted, and there will be no way for anyone for later investments either. If you see potential in this project, then you need to make your move while the funds are not collected totally.

[floatyfish]

Lets say you don't collect the funds. What then?

[CoinThinker]

Lets say you don't collect the funds. What then?

I will start the project anyway, because the amount collected is going to allow me, and in the meantime I will try to make another fundraising effort for the remaining (so it will come in steps).

If (and only if) that doesn't work out then I also have a plan B, which I want to avoid (basically contacting someone who I worked with, who I am sure that would jump to put his hand on this opportunity, however I don't really want to work with any longer).