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Playing with other people's money?


wngo123

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Posted

imagine this feature on stake: Special kind of tip where you can send specific amount to your friend and this person plays with that money but you get all the winnings and that person gets some % or more rain. It could be used by lazy people or just as fun with friends who think they don't have enough luck or skills themselves. :D

Posted
1 minute ago, DarkBlood069 said:

What happens when a player busts that money that you sent it to? How are you going to get a return? This is like a form of loan and loaning has been phased out especially on the forum, nothing more to say about this to be honest. This will not work if implementations had features around this. 

thanks for the insight ...lol i seem to make the point in a few words ..

Posted
Just now, DarkBlood069 said:

What happens when a player busts that money that you sent it to? How are you going to get a return?  

They won't. If they loose you loose too. But you know that risk before sending money. 

> This is like a form of loan

No it's not a loan at all. You just giving them power over your money and know the risk. Of course it could spark problems and fights with people, but you would be able to observe how they play and check the results.

Posted
40 minutes ago, wngo123 said:

imagine this feature on stake: Special kind of tip where you can send specific amount to your friend and this person plays with that money but you get all the winnings and that person gets some % or more rain. It could be used by lazy people or just as fun with friends who think they don't have enough luck or skills themselves. :D

I get it, it's like a tip with strings.  It's creative but I don't see it working out.  First, the site made a big effort to take itself OUT of deals between players, there is no loan discussion in chat and the loans section in the forum was removed.  So there is no way they are going to invest development time in coding something like this into the site.  Second, most people think you should play for fun and not use borrowed money to play.  Third, there is a small group that makes money by loaning other players money to play (yes still) and they will hate the competition.  So I don't see any way for this to justify the expense of implementation.

@athena2007 actually your first response was so horrible I almost hid it, as it is non sensical, but since @DarkBlood069 seemed to get it and like it I didn't.  Try and at least make posts that are complete sentences.

Posted

Hello! Well, i guess that would be bad in any case because there is always an 80% chance to lose any balance by gambling on a site vs a bot which works with the "provably fair". Although there are cases that people made lots of money but you can never be sure.

Posted

nah this woudlnt work... especially if you say if the person would keep all the money the other wins...
what incentive would the person have to play with  the money?
                                                                                                                                                                     
also the whole things just doesnt sound it would work, too much work wouold need to be put into it when there are more important matters already at h and

Posted

O.o Its very common since alot of players are, faucet hunters, rain dancers or just plain ol beggers. Now that the rainbot requirements have changed, all they need to do is spam chat to get rain no wagers required. xD

Posted

it still happens. I once saw dandiel or Danidel a person who got banned who had played with some guys money and didn't pay back when the lender asked him to with the profit but he did eventually but at a later time 

Posted
58 minutes ago, Kate said:

it still happens. I once saw dandiel or Danidel a person who got banned who had played with some guys money and didn't pay back when the lender asked him to with the profit but he did eventually but at a later time 

yeah it happens but i dont think stake will ever make a system to have the this be an automated regulated process or anything
                                                                                                                                          
do you know what i mean? 

Posted
1 hour ago, KiXxnTRiXx said:

O.o Its very common since alot of players are, faucet hunters, rain dancers or just plain ol beggers. Now that the rainbot requirements have changed, all they need to do is spam chat to get rain no wagers required. xD

Wait, when did it change? I thought it was only based on wagering. If I don't wager, I don't get any rains.

  • 3 weeks later...
Posted
On 1/2/2019 at 1:36 AM, BLXN said:

honestly, i thought this was a joke about tipping people, and them busting. xD ¯\_(ツ)_/¯

Wow,  lol I thought the same thing when I read it.

Posted

You should not gamble with people's money at all while there is always the case that you lose everything i guess. However if you definitely can afford back that lend money then why not.

Posted
On 12/29/2018 at 1:02 AM, wngo123 said:

imagine this feature on stake: Special kind of tip where you can send specific amount to your friend and this person plays with that money but you get all the winnings and that person gets some % or more rain. It could be used by lazy people or just as fun with friends who think they don't have enough luck or skills themselves. :D

i be friends not for the money :) never wanted for get tips also. so yeah i dont play on my friends money 

Posted

ah whatsoever, i dont care what is important to me is to receive/get the tips, the rains from stake,in addition to some depos  i play i earned some,i lost some but the importance of it is i have no obligation to others i gained experiences. 

  • Moderator
Posted
On 12/29/2018 at 2:09 AM, williamshennie9 said:

Interesting idea, I must say! Though, if you are playing with someone else's money, they could place bets to lose if they want to spite you. So it is a risk I guess, but could be a cool idea to try out.

is it count if i playing with your money .... lol... jk anyway i am playing stake money many time thru the bonus email code n faucet

Posted

haha i get what your saying. I have thought of something like this before and well, the person would have to really be lucky and convince me their seed pair is really working well for them. But i dont see anyone wanting to work for free ? Especially making someone money for free, like what makes gambling fun is you winning money not others winning money lol.

  • 3 months later...
Posted

I think we saw enough examples, how playing with others money is usually ending 😄 

Some time ago it was like whole market here. But it failed as soon, as "borrowers" stopped to care about their reputation, and started simply run away by creating alt accounts after bust. 

Posted

its some kind of staking like in poker. you can stake or back  a player . Backing is giving a gambler money, you get all the winnings as investor and the player receives a small percentage if he ends in profit. Staking is a little bit different. A player can add a staking opportunity where he 'sells' a certain percentage of his action. for example a gambler sells 50% of lets say 1000 plinko rolls on high 16 for 100 satoshi per roll. when selling 50% it means he gives 'investors' the opportunity to buy some action (in this example 1000 satoshi for every 1%. At the end of the 100 rolls profits or remaining amount will be shared between player and investors (stakers). Player keeps 50% and other winnings are shared as per amount of percentage investors have bought.

I like both this things and I have done it 100s of time in poker. I bought and sold 100s of events.

The only disadvantage in both backing and staking is that there has to be trust between both parties. In poker its easier to track results. So the solution would be the gambler streams his event. But another huge problem is that you can get caught by a scammer. He posts an event and sells action. Instead of playing he rans of with the money. The only way this can be avoided is only stake/back very trusted players.  

This doesn't need any coding and could be managed in a forum section. I would be one of the very first to cheer if this would be allowed by stake. But of course stake wouldn't be reliable for possible scams or losses.

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