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By Proxy / the paid agent
a professional who places it for clients
The agent who places bets for clients
The paid agent is the arrangement with a business in it: a person who holds client money, places their orders from an account in the agent own name, adds a margin to the odds, charges a commission and settles with the client on a cycle. The client has no account with any operator, and every bet looks to the operator like an ordinary holder bet placed by the agent.
Desk spec
- agent wagers
- 180
- fee
- 5.0%
- mean stake
- 120.00
- client credit
- 3 days
- odds margin
- 1.5%
- float
- 4,200.00
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 paid agent places bets for clients from an account in the agent own name. Of 180 sampled agent wagers the fee was 5.0% of the stake, the mean stake was 120.00, the client was given three days of credit, a 1.5% margin was added to the odds and 4,200.00 was held as a float on the clients behalf.
what the client pays an agent, over and above the stake
| charge | rate | on a 120.00 stake |
|---|
| commission on the stake | 5.0% | 6.00 |
| margin added to the odds | 1.5% | 1.80 |
| credit, if taken | 3 days | free in the sample |
| cost of the agent on the stake | 7.80 (6.5%) |
an agent wager, end to end
the client hands over 120.00
the agent places it as the holder 120.00
it returns at the agent odds 240.00
the agent keeps
the commission 6.00
the odds margin 1.80
the client receives 232.20
the client own name on any account none
The float is the whole business
The agent holds client money before the bet is placed and after it returns: 4,200.00 across the sampled clients. That float is what makes the arrangement work and what makes it fragile - if the agent stops paying, the client has no claim against any operator, because the client was never a customer of one.
An agent placing bets for clients is against the account terms of every operator this desk describes, and the desk explains the structure and its risks rather than endorsing it. The client carries the credit risk of the agent, which is the risk an operator normally carries for a holder.