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By Proxy / one wager
a single bet carried through
One proxy wager, from the stake to the claim
One wager with every figure attached: A hands 200.00 to B, B places it on B own account at a price the operator sets, the agent fee is 10.00, it returns 500.00. The operator owes B and pays B; A recovers 490.00 only if B agrees. The whole arrangement is decided before the bet is struck, not after it wins.
Desk spec
- stake
- 200.00
- agent fee
- 10.00
- return
- 500.00
- owed to
- B, the holder
- A recovers
- 490.00 if B agrees
- A in own name
- 0.00
who chose the betNot the holder, in 900 of 900 sampled wagers. The operator sees one name and cannot see the person who chose it.
who the win is paid toThe name on the account, in 260 of 260 wins. The person who chose the bet claimed 112 and 92 were declined.
what is found40 of 900 flagged (4.4%), 22 accounts closed. Detection is the exception, not the rule.
Direct answerA hands 200.00 to B, who places it on an account in B name. The agent fee is 10.00, the wager returns 500.00, and the operator owes the 500.00 to B because B is the name on the account. A can recover 490.00 from B if B agrees, and nothing directly from the operator.
A asks B to place it on B account
A hands over 200.00
B places it on an account in B name 200.00
agent fee at 5.0% 10.00
the wager returns 500.00
net of the fee, B is holding 490.00 for A
the operator pays B 500.00
the operator pays A 0.00
A recovers from B 490.00 if B agrees
so the whole bet turns on B,
and B was never asked to agree to anything
by the operator
Where each figure is decided
The stake is decided by A, the price by the operator, the fee by the arrangement and the payout by the name on the account. Only the last of the four is fixed by a rule rather than an agreement, which is why it is the one that cannot be renegotiated after the fact.
The 10.00 fee is what an agent charges in this sample; a friend charges nothing and takes the same risk, which is why the desk treats the fee as a detail and the name as the subject.