Win as much as opposite side lose

logan123logan123 Posts: 4
Hi! I'm looking for broker or market where I can bet on something, but if I win, I don't receive x percent of payoff, but receive as much as people who bet wrong lost. I did it on btc-e with Bitcoins, but is it no longer available. Do you know some other place? Does this kind of betting have some particular name?

Comments

  • OkaneOkane Posts: 942 admin
    logan123 said:

    Hi! I'm looking for broker or market where I can bet on something, but if I win, I don't receive x percent of payoff, but receive as much as people who bet wrong lost. I did it on btc-e with Bitcoins, but is it no longer available. Do you know some other place? Does this kind of betting have some particular name?

    Problem is, anyone who offers such a service would have to maintain and work on it and advertise it and provide support = meaning they need to charge you. And that charging part is why most places don't offer 100% return.
  • logan123logan123 Posts: 4
    Of course I want to pay some fee from my reward (on btc-e it was 5%). In this case the broker always win and I don't have to compete with the broker, but with people. Then it is possible to find some winning strategy (I did it on btc-e). Now I'm searching for something like that, but all I find are things like "bet up or bet down and win 70%". On btc-e if 1000 dollars were bet down and 10 dollars bet up, then if I bet down 1 dollar I could win (10/1001)*0,95 and if I bet up 1000/11*0,95. In any case the broker win some money, so I'm not broker's opponent. My opponents are other people, so it is much easier to win (long term winning is possible here).
  • OkaneOkane Posts: 942 admin
    logan123 said:

    Of course I want to pay some fee from my reward (on btc-e it was 5%). In this case the broker always win and I don't have to compete with the broker, but with people. Then it is possible to find some winning strategy (I did it on btc-e). Now I'm searching for something like that, but all I find are things like "bet up or bet down and win 70%". On btc-e if 1000 dollars were bet down and 10 dollars bet up, then if I bet down 1 dollar I could win (10/1001)*0,95 and if I bet up 1000/11*0,95. In any case the broker win some money, so I'm not broker's opponent. My opponents are other people, so it is much easier to win (long term winning is possible here).

    I understand all that, but that's not what you said in your first post, you said 100% return.
    What you are saying now is different.
  • OkaneOkane Posts: 942 admin
    Anyway, so long as you are trading with a broker they are your opponent. In the future maybe new technology can provide better
    solutions.
  • logan123logan123 Posts: 4
    I thought some kind of commision is obvious, but you are right. The idea is so simple and so good for both brokers and traders so I think it exists.
  • The_Geek_MHThe_Geek_MH Posts: 444 mod
    Yeah, I've heard of a crowd betting app for financial trading but I can't think of the name. basically you each bet on whatever and the more people involved the bigger the payout.
  • logan123logan123 Posts: 4
    I'm not interested in gambling this way.
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