Leancuisine's Small-Stakes Pooled Betting Fund (LPBF)
The goal of this betting fund is to benefit users who wish to bet on Leancuisine's premium picks, but may not have the time to do so. Small-stakes is the objective is the fund, to ensure safe profits. However, there is a large degree of risk involved in sports betting.
Fund InformationShares: 0.01 BTC each or 1 LTC each
Stakes per Premium Pick: 5% of betting pool funds.
Commission: 10% of profits.
Progression: Martingale
ExamplePremium Pick One: Betting Pool @ 10 LTC = 0.5 LTC stake @ 1.5 odds.
Pick OutcomeWins: +0.25 LTC profit, shared back to betting pool. Betting Pool = 10.25 LTC.
Loses: -0.5 LTC profit, next pick has a stake which will recoup the first loss.
(On Loss) Premium Pick Two: 1.0 LTC stake @ 1.5 odds = 0.5 profit - 0.5 loss = No gain.
Gains/LossesYou invested 10 LTC in a 100 LTC fund. (10% stake).
The fund had gains of 10 LTC, which makes your unrealized gain at +1 LTC.
The fund had losses of 10 LTC, which makes your unrealized loss at -1 LTC. (9 LTC in 90 LTC fund)
If you would like to participate, message below and I will provide a deposit address. You can always withdraw your stake and profit at anytime.
Main sport picks thread at:
https://bitcointalk.org/index.php?topic=312678.0Spreadsheet posted for transparency and accountability purposes.
https://docs.google.com/spreadsheets/d/17NxAJdZzzIAHadST_vxQ9PVUzM0A6RvuYmlLORdqCrA/
