Six beliefs about betting for somebody else, checked
Proxy betting attracts confident statements that do not survive contact with the mechanics. Each belief below is stated as it usually appears, then checked against the samples on this desk and marked false, partly true or true to the extent it can be.
- beliefs checked
- 6
- false
- 3
- partly true
- 2
- true
- 1
- claims decided on
- the name
- wagers inside the rule
- 0 of 900
Six beliefs are checked here. Three are false (the operator can tell who placed it, the win follows the person who chose it, a bigger stake gets an exception); two are partly true (an agent is safer, a nominee account works for a while); one is true (the arrangement is decided before the bet, not after).
1. The operator can tell who placed the bet.
false It cannot. Of 900 proxy wagers it flagged 40, or 4.4%. A holder funded bet leaves nothing to see at all, and 250 of the 900 were exactly that.
2. The win follows whoever chose the bet.
false The win is paid to the name on the account in 260 of 260 cases. The chooser claimed 112 and 92 were declined.
3. A big enough stake gets an exception.
false Size changes how much is at stake, not who it is paid to. The rule in the terms has no amount threshold, and none appears in the sample.
4. Using a paid agent is safer than asking a friend.
partly true An agent keeps a written book, so the group has a record in 74 of the 96 disagreements. But the agent carries the client money, and the client has no claim on any operator when the agent stops paying.
5. A nominee account is a way around the rule.
partly true It works until it is found. All 100 sampled were opened in another name and the holder received the win in 100 of 100 - and 22 were closed outright when the arrangement surfaced, with the balance payable only to the named holder.
6. The arrangement is settled after the bet wins.
true It is settled before. Who is named, who funded it and who is owed are all fixed when the wager is struck; winning only reveals the split that was already there.