Alright, I have now decided to do an
Escrow for the funds.
The
main point of the escrow is to firstly keep the funds safely. And allow me to be on behalf of the investors at any time I have a tip or am going to bet . Currently , since I give out tips at different times of the day , a lot of people are not able to place bets on the tips .
Here is how it will work: 1. An Escrow will post their address where the funds will be kept, to which the funds for investing can be sent.
2. Whoever wishes to Invest can send funds to that address, and has to post on the forum , or PM(for anonymity) me and the escrow the amount he is sending to invest. There is no confirmation required. Just posting or sending the PM before sending the funds is enough to confirm a spot in the investment pot.
Please send the following information "BTC address, and the amount you are sending"
3. I will allow an initial 3 days time for the escrow to gather funds. After 3 days, I will make a new wallet and send the equivalent amount to it. Say 0.5 BTC is invested(to the escrows address) , so this new wallet will have 0.5 BTC of funds from my personal bankroll. (escrow will have 0.5 BTC in his wallet) . Now since blockchain is transparent, you guys will be able to go to the blockchain, and check the betslip on directbet by looking up the address to which the funds were sent to.
So if the funds from my wallet(where 0.5 BTC is there) are sent to an address "1MS5moaBxQGwEBrmczjn3FrrvBbiWwi2xh"
all you have to do is go to this link :
http://www.directbet.eu/BetStatus.cshtml?BetID=1MS5moaBxQGwEBrmczjn3FrrvBbiWwi2xhand check the bet status. After the payout, I will send the profits to the escrow's address . Assuming a max of 1 BTC invested, at no particular time, I will have a profit of more than 0.1 BTC profit, which will be sent to the escrow wallet right after it hits my wallet. If the invested is more than 1 BTC, I will have the funds sent to the escrow directly from the bet placed.
Incase of a loss, the escrow will send that particular amount to me, as it was made with my funds .
4. I will update the Op with all the investments. I will just post the investment amount, and will keep updating it everyday with the new stats . You can opt out at anytime, by just sending a PM to me and the escrow a few hours before.
Incase you do not invest in the first 3 days, and still wish to invest, I will count you in the next 3 day investment period, as I can't just keep accepting investments, as it will become complicated. So you can invest anytime, but your bankroll will be used to make bets only after 3 day gaps.
5 . 8-10% of all profits will be the amount you will be charged for the tips. And there will also be a fees of 1% for the escrow fees.
6. I am looking for an escrow for now, and will report back once I find one. Till then I will post tips normally.
If you have any questions, feel free to ask.
