Silk Road forums

Market => Product requests => Topic started by: lexdysic on August 26, 2013, 04:56 am

Title: potential idea: sports betting through silkroad
Post by: lexdysic on August 26, 2013, 04:56 am
Note: I posted this before in the newbie thread with little review. Now that I am able to post in other areas I figure I would post this idea in the request forum. Let me know what ya'll think. Thanks :)

Hello fellow road journeyers. I am new to this wonderful realm and have a few purchases under my belt and want to start by saying this is a great community and wish you all the best :)

Here is my idea that I've been pondering for a while. With the American football season starting and also other sports as well for all of our international friends, I feel that maybe there could be a vendor interested in taking in the action. I surely would sponsor myself but sadly I lack the capital to initiate this idea. But here is what I thought of:

The week before a game starts a vendor would advertise which games they would take bets for including the odds and types of bets (i.e win/loss, high/low, parlays, point spreads, and pretty much anything your creative can think of). Now customers can place bets with how much they wish to spend (limits set at vendors discretion) and their type of bet. Now before the game starts all betters will finalize their bets in order to prevent cheating such as betting during the game for a team with the lead. Once the game is over the vendor will send winnings to bettors account and for the losers, well... maybe next time :) Now I know the FE is a little shaky and there will be some trust issues. Hopefully there will be a method to guarantee everyone is taken care of, both vendor and bettor.

If vendor adjusts the bets with the odds properly and is not the risk taking type, they are guaranteed to to make money regardless of who wins or loses. This is possible by taxing (i.e juice) the bets. The vendor takes 10% of the bets. I will give an easy example just in case my wording isn't clear:

a bettor places a 1BTC bet on a win/loss game with 1:2 odds and hooray they! After the juice their payout comes to 1.9BTC. makes sense, right?

Now I want to see what everyone's opinion is on this matter. I am happy to take any criticism and answer anyone's questions on betting. Also, as I stated earlier with my lack of funds for this type of business venture. If anyone is willing to take forth this opportunity and need a numbers man,I'm for hire :) I'm a big science nerd and will to calculate odds for bets and payoffs, organize the bet book, and any other statistical number crunching needed.

Let me know what everyone thinks and best wishes! Much love to all!
Title: Re: potential idea: sports betting through silkroad
Post by: jacklinks on August 26, 2013, 05:44 am
btcsportsmatch.eu
Title: Re: potential idea: sports betting through silkroad
Post by: lexdysic on August 26, 2013, 06:25 am
Are they legit? never tried them
Title: Re: potential idea: sports betting through silkroad
Post by: DefyCode on August 27, 2013, 02:01 am
It would require FE which would be a huge risk for large bettors. If anything only microbets would probably take off. Bets of less than a dollar...for fun. Or if a super established vendor tried it, it may work. It definitely would take a lot of trust on the part of the bettors.
Title: Re: potential idea: sports betting through silkroad
Post by: Sir William Wonka on August 29, 2013, 01:27 am
Oh shit fuckin great anyone know any legit gambling btc sites?
Title: Re: potential idea: sports betting through silkroad
Post by: LasVegasLottos on August 29, 2013, 03:44 am
I actually offer sports betting right now.   I offer Parlay betting for Baseball Football and Basketball (Both Pro and College)  I am also trying to incorperate Soccer and Hockey at the moment.  I do not require FE for any bets whatsoever but i do request that my customers try to finalize as soon as they win or lose just to keep my cash flows right.  Also if any of you want free spins on my slots go post in the forum i created for this so i can get the word out.    Go check out my vendor page and let me know what you think in the forums
Title: Re: potential idea: sports betting through silkroad
Post by: LasVegasLottos on August 29, 2013, 08:32 am
Almost forget heres the link to the thread    http://dkn255hz262ypmii.onion/index.php?topic=208284.msg1500699#msg1500699