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SOAC - The next best thing besides a SPAC ESG ETF

SOAC - The next best thing besides a SPAC ESG ETF
Environmental, Social and Governance (ESG) has risen greatly in popularity in recent time. With many factors (including Covid) raising awareness around ESG it would appear there has never been a better time to invest in this market trend/values (besides maybe six months ago).
Government subsidies, decarbonization, climate change, industrial/infrastructure upgrades, technological advancements, ESG popularity, greenwashing and police brutality are but a few of the catalysts favouring ESG focused companies (ETFs, funds and SPACs like SPAQ/SOAC). The recent growth in EV market, solar stocks, renewable energy, Tesla, the Juneteenth stock’s and the green energy market (including SPACs - NKLA SHLL SPAQ) are but a few of the benefiters of this “movement” to date.
It’s not just day trading millennials (beckys/RH) who love this stuff but hedge funds are also benefiting from this trend (that is here to stay). It might be a personal belief of mine coupled with my passion for environmentalism but market trends do not lie (although can pop) – and if I can profit from this, why not?
SPAQ SHLL SOAC FMCI BMRG HCCH NKLA BLNK DGLY SOLO EVSI NIO UONE BYFC FMCI BYND RUN WKHS TSLA SHRM.. - a few quick/recent examples of companies with strong ESG verticals absolutely crushing the market. I watched the rise of DKNG (Atlanta fan haha) and NKLA (no product lol) but took a pass because I didn’t fully understand SPACs at the time - don’t be that guy..
Furthermore, ESG funds tend to outperform traditional investments (during downturns - like covid – and some SPACs were a safe haven (because of something called Escrow).
It seems like we need a SPAC ETF ESG focused on some of the above mentioned.. more like needed it six months ago (imagine the returns $$$)??
Very Basic (and inconclusive without further) Market Research:
https://preview.redd.it/67m3itponva51.png?width=548&format=png&auto=webp&s=b54b45c60f193d10497d083b8fe48f10a99fa1be
https://preview.redd.it/02f5mfjpnva51.png?width=602&format=png&auto=webp&s=45d491986dfef9b679cf2b394fddc53e83446437
https://preview.redd.it/g8f9ronqnva51.png?width=281&format=png&auto=webp&s=eb8e19903d0c8ed4553fc077babc251289975aea
![img](1cqt9q0rnva51 " ")
https://preview.redd.it/xvu3qj0snva51.png?width=556&format=png&auto=webp&s=66bf7b398ae3673f4a48f3afa84dfaeafb34981d
https://preview.redd.it/5hs57mstnva51.png?width=602&format=png&auto=webp&s=c2f83830413fd05281870b02741f668f719010f5
https://preview.redd.it/qq9tuekunva51.png?width=602&format=png&auto=webp&s=2824c94c9fcc096d2c379842d4d7bddea1584191
https://preview.redd.it/vaea1p6vnva51.png?width=508&format=png&auto=webp&s=74934a581fe32c1059a45d031d8b45341a3cd5c1
** all info sourced in links**
“A poll … by JP Morgan of 50 global institutions with $12.9 trillion under management found that 71% of respondents felt the economic shock of Covid-19 would increase awareness and actions globally to tackle climate change and “high impact, high probability” events like it. “Over the long run, COVID-19 could prove to be a major turning point for ESG investing,” said Jean-Xavier Hecker and Hugo Dubourg, co-heads of ESG and Sustainability at JP Morgan. “
https://www.barrons.com/articles/spartan-fisker-spac-electric-vehicle-stocks-51594646511?mod=hp_INTERESTS_technology&refsec=hp_INTERESTS_technology
The ESG SPAC Space:
There are a few (openly) ESG focused SPACs right now - SOAC is arguably the best. When you invest in a SPAC remember – you are investing in the team ie management, UW, legal and institutional backing (follow the money) C.R.E.A.M.
Sustainable Opportunities Acquisition Corp.SOAC
Structure:
345m - 100% still in Trust18mo term – I like the short term (maybe we see a CCXX or BMRG early announcement)IPO May 6 2020 – Love the confidence of IPOing in the face of Covid½ Warrant/UnitCitigroup running the books soloKirkland and Ellis & Davis Polk and Wardwell are lawyers involvedCrescent term threshold of $9.2
Business Proposal:
“We believe that there are significant, attractive investment opportunities that exist within industries that benefit from strong Environmental, Social and Governance (“ESG”) profiles. While investing in ESG covers a broad range of themes, we are focused on evaluating suitable targets that have existing environmental sustainability practices or that may benefit, both operationally and economically, from our management team’s commitment and expertise in executing such practices. We believe our management team’s experience allows us to evaluate targets in industries such as manufacturing (including auto, building materials), chemicals, services (including waste, environmental, construction), logistics (including transportation, distribution), technology (hardware, software, devices), agriculture (including biofuels) and energy (with focus on renewable generation, utility services, energy efficiency/management), among others. Furthermore, our target universe could include companies undergoing a transition to increase their environmental sustainability profiles, reflecting an opportunity to bring environmentally sustainable practices to companies that may not have historically been focused on environmental sustainability. We believe there is a wide array of companies undergoing this “brown-to-green” transition in our target universe. Companies in our target universe tend to have stable growth rates and would greatly benefit from access to public market capital.”
Management:
“The SOAC management team has extensive experience in operating and managing sustainability initiatives within a wide range of companies and industries throughout the U.S.”
Scott Honour (the one and only**) serves as the Chairman of our board of directors**. Mr. Honour has over 30 years of private equity investment experience and has been involved in over 100 transactions totalling over $20 billion in transaction value. Mr. Honour is Managing Partner of Northern Pacific Group (“NPG”), a private equity firm, which he co-founded in 2012. Prior to that, Mr. Honour was at The Gores Group, a Los Angeles based private equity firm, for 10 years, serving as Senior Managing Director and one of the firm’s top executives. During his time at The Gores Group, the firm raised four funds, totaling $4 billion in aggregate, and made over 35 investments. Mr. Honour also served on the investment committee for The Gores Group. Prior to joining The Gores Group, Mr. Honour was a Managing Director at UBS Investment Bank from 2000 to 2002 and was an investment banker at Donaldson, Lufkin & Jenrette from 1991 to 2000. Mr. Honour began his career at Trammell Crow Company in 1988. Mr. Honour has served on the board of directors of numerous public and private companies including Solar Spectrum Holdings LLC, Anthem Sports & Entertainment Inc., 1st Choice Delivery, LLC, United Language Group, Inc., Renters Warehouse LLC, Real Dolmen (REM:BB) and Westwood One, Inc. (formerly Nasdaq: WWON), and is a co-founder of Titan CNG LLC and YapStone Inc. Mr. Honour earned a B.S. and B.A., cum laude, in Business Administration and Economics from Pepperdine University and an M.B.A. in Finance and Marketing from the Wharton School of the University of Pennsylvania.
David Quiram serves as our Chief Financial Officer. Dr. Quiram has over 20 years of leadership experience in technology, strategy and finance organizations with a deep understanding of the chemicals, emerging technology, bioscience and energy sectors. Previously, Dr. Quiram served as Head of Financial Planning and Analysis and Tax at GenOn Energy (“GenOn”) from 2017 until 2019 where he was responsible for standing up the financial and administrative functions of GenOn as a stand-alone entity from NRG Energy Inc. (NYSE: NRG). Prior to that, Dr. Quiram served as Head of Investments for Enterprise Services of Hewlett Packard Enterprise (NYSE: HPE) from 2014 until 2017 where he directed investments into products and services. From 2010 to 2014, Dr. Quiram was with Accenture (NYSE: ACN) as a Senior Manager in their Strategy practice focused on transforming utilities, independent power producers, and energy retailers. From 2006 to 2009, Dr. Quiram worked at multiple roles at TXU Energy starting in finance and later served as Vice President of Retail Pricing and Procurement where he led the pricing and hedging for TXU Energy’s retail portfolio. Dr. Quiram began his career at McKinsey & Co where he worked as an Engagement Manager from 2001 until 2005, and as a Research Scientist at DuPont (NYSE: DD) from 1998 to 2001. Dr. Quiram earned a B.S. in Chemical Engineering with Highest Distinction from the University of Virginia, and an M.S. and Ph.D. in Chemical Engineering from the Massachusetts Institute of Technology.
Rick Gaenzle has agreed to serve on our board of directors. Mr. Gaenzle has over 30 years of private equity investment and corporate finance experience; he is the founder and currently serves as a Managing Director of Gilbert Global Equity Capital, L.L.C., the principal investment advisor to Gilbert Global Equity Partners, L.P. and related entities, a $1.2 billion leveraged buyout and private equity fund. Mr. Gaenzle has spent the last twenty-eight years at Gilbert Global and its predecessor entity, completing over 110 direct equity investments, co-investments and add-on acquisitions for portfolio companies. Previously, Mr. Gaenzle was a Principal of Soros Capital L.P., the principal venture capital and leveraged equity entity of the Quantum Group of Funds and a principal advisor to Quantum Industrial Holdings Ltd. Prior to joining Soros Capital, Mr. Gaenzle held various positions at PaineWebber Inc. Mr. Gaenzle currently serves as a Senior Advisor to Impact Delta, an impact-investing and impact-measurement advisory firm; an Operating Partner of NPG; and Chairman of Lake Street Homes, a single-family rental investment vehicle. Mr. Gaenzle holds a B.A. from Hartwick College and an M.B.A. from Fordham University.
Isaac Barchas has agreed to serve on our board of directors. Mr. Barchas is the President and Chief Executive Officer of Research Bridge Partners (“RBP”), a socially-driven investment company, which he founded in 2016. RBP uses both concessionary and nonconcessionary investment to create startup companies based on university research and advance those companies into the venture capital markets. Prior to founding RBP, Mr. Barchas led the Austin Technology Incubator (“ATI”) at The University of Texas at Austin from 2006 to 2016. ATI’s Clean Energy Incubator was the first university clean tech incubation program in the United States. During Mr. Barchas’ leadership, ATI companies raised over $1 billion in the capital markets. Mr. Barchas joined the university from McKinsey & Co., where he worked in the Chicago, Sydney, Auckland, and Dallas offices, from 1996 to 2006 and served on the leadership teams of McKinsey’s North American Healthcare Practice and Global Organization Practice. Mr. Barchas has served on multiple private company boards and on philanthropic boards including Pecan Street Inc., the largest analytically-focused clean energy and climate data consortium in the United States, where he was a founding board member. Mr. Barchas earned a J.D. (honors) and M.A. (Century Fellowship) from The University of Chicago. He received an A.B. from Stanford University (honors and Phi Beta Kappa).
Justin Kelly has agreed to serve on our board of directors. Mr. Kelly is currently the Chief Executive Officer and Chief Investment Officer of Winslow Capital Management, LLC (“Winslow Capital”), Nuveen’s center of excellence for growth investing. Mr. Kelly also serves as lead portfolio manager on the firm’s flagship U.S. Large Cap Growth Strategy. Mr. Kelly has been with Winslow Capital for over two decades and has transformed the firm from a single strategy, niche investment firm to a thought leader globally in growth equity investing with four strategies. Prior to joining Winslow Capital in 1999, Mr. Kelly was an equity analyst at Investment Advisors in Minneapolis. Prior to that, Mr. Kelly worked at Prudential Bache, from 1993 to 1996 as Investment Banker, and Salomon Brothers, from 1996 to 1997 as Investment Banker. Mr. Kelly earned a B.S. in Finance/Investments from Babson College.
Our management team will be supported by NPG, a technology and business services focused private equity firm based in Wayzata, Minnesota. NPG has considerable experience investing in ESG related portfolio companies with community impact, workplace diversity and integrity, and environmental resource management acting as cornerstones to key investment decisions. NPG has offset its carbon footprint to net zero, achieving CarbonNeutral® status. The partners of NPG have been involved in acquisitions, financings and advisory transactions totaling over $20 billion in transaction value and have significant experience investing across a variety of economic cycles and a track record of identifying high-quality assets, businesses and management teams with significant resources, capital and optimization potential. We believe that we will benefit from NPG’s prior experience.”
PRESS RELEASE
ESG RESOURCES
CEO BREIF INTERVIEW
https://www.greenspac.com/ceo-scott-leonard-explains-why-now-is-the-right-time-for-a-spac/

SPAC Risks:
SPAC’s tend to be 50/50 after merger IMOPotential EV or ESG bubble might be formingDoes anyone have an example of a SPAC in the last 15 years (or later) that has liquidated and didn’t pay out?(I honestly haven’t looked)I see 0.1% risk in SPAC shares/units long term (thanks to escrow)
Final Thoughts:
Future (disruptive) ESG companies (like PureCycle) might want to try and avoid previous mistakes (like UBER) by going the public via the SPAC route... Its kind of a thing these days (thank you Covid) and helps them to make more money faster, price their deal properly/more efficiently and gain (those all-important wall street) connections – I see you SPAQ .. also anyone else see spacs drop in the WSJ?
Completely speculative possible ESG SPAC’s – IPOC/IPOB, HCAC/JIH, GMHI/NPA, SBE/ALUS/TDAC, **KCAC/**SSPK, or JWS/PTSH? Who else are we missing?? Who else will pivot like SHLL, SPAQ, HCCH or get a BlackRock PIPE??
Disclaimer: This is not investment advice and I have positions in some of the above.
TLDR: ESG trend is here to stay and SOAC is a ESG SPAC with great a great team
**check out the discord link for more info, resources and tools**
submitted by GhostfacexProdigy to SPACs [link] [comments]

Is Si14 a turning point in the betting market? The increased turbulence of the market requires innovation and a transparent approach in the formation of commissions and coefficients for sporting events.

Is Si14 a turning point in the betting market? The increased turbulence of the market requires innovation and a transparent approach in the formation of commissions and coefficients for sporting events.
https://preview.redd.it/c5dhgyjrwwi41.jpg?width=907&format=pjpg&auto=webp&s=bd9602ba652b3375e9027acff30d31458e45b228
Is Si14 a turning point in the betting market?
The increased turbulence of the market requires innovation and a transparent approach in the formation of commissions and coefficients for sporting events. We have extensive experience in the stock markets and transfer our experience to the betting exchange. We have innovative products such as sports betting trust management, automated trading systems and the ability to create our own robots, as well as increased liquidity at sports events, which will allow us to gain market share. We have a number of competitors such as Betfair, MatchBook and similar exchange platforms and plan to capture the market in favor of Si14Bet by means of service and innovations presented on our website https://si14bet.io. #si14 #betfair #betfair #onlinesport #bettingsports #onlinebetting #bet365 #bookmakers #bookies #soccerbetting #si14_bet #bettors #coinmarketcap #bookmaker #baseball #winner #sport #bettingexperts #arbitrage #football #soccer #trader #profit #cash #tennis #trading #exchange #basketball #hockey #invest #investor #trade #cyberport #cashout #ico #ico #bestservice #money #investment #investing #gambling #bettingexchange #betting #si14bet #casino #sportbookies #bettingtip #bettingonline #livebetting #bettingfootball #oods
submitted by Si14Bet to u/Si14Bet [link] [comments]

What are the main differences between SI14 and other competitors? Why invest? I will begin by answering a question to our audience. Have you ever wondered why all the well-known sporting events exchanges have a Bookmaker section?

What are the main differences between SI14 and other competitors? Why invest? I will begin by answering a question to our audience. Have you ever wondered why all the well-known sporting events exchanges have a Bookmaker section?
What are the main differences between SI14 and other competitors? Why invest?
I will begin by answering a question to our audience. Have you ever wondered why all the well-known sporting events exchanges have a Bookmaker section? We can give you the answer: the reason is that these are not exchanges, but hybrid systems for managing the capital of players. These top exchanges simply use the liquidity of their platform to increase the coefficients on their bookmaker at the expense of users who have entered the exchange. The data from the study of exchange hybrid platforms allowed us to radically move away from such models and make our platform truly transparent and fair. - Yes, let us not have such a huge marginality of the exchange, but our clients will never leave us. We are ready to penetrate more than 10% of the sports betting market and it will be immediately after the launch of our platform. https://si14bet.io #si14 #betfair #betfair #onlinesport #bettingsports #onlinebetting #bet365 #bookmakers #bookies #soccerbetting #si14_bet #bettors #coinmarketcap #bookmaker #baseball #winner #sport #bettingexperts #arbitrage #football #soccer #trader #profit #cash #tennis #trading #exchange #basketball #hockey #invest #investor #trade #cyberport #cashout #ico #ico #bestservice #money #investment #investing #gambling #bettingexchange #betting #si14bet #casino #sportbookies #bettingtip #bettingonline #livebetting #bettingfootball #oods
https://preview.redd.it/8c1p0z66r2j41.png?width=982&format=png&auto=webp&s=a70d6b32acd2ed60521eb3e63b6a8bdd73e82f4f
submitted by Si14Bet to u/Si14Bet [link] [comments]

!!! New episode alert !!!

NSFW (Mild Language)
Spotify | Apple Podcasts | Google Podcasts | Stitcher | PlayerFM
Old TV shows we need to binge watch. Aleve & rollercoasters. The weekends Bank Roll tally and Fun Facts. Boofer tried to explain arbitrage betting. Is the NFL Combine worth watching? Cancel culture. NBA free agency vs NFL free agency. The MLS is picking up steam. XFL's popularity in the different markets. Los Angeles and it's bad sports teams. Betting strategy for March Madness. This weeks upcoming NBA picks & leans.

submitted by ph0enixGEM to CWFLpodcast [link] [comments]

[D] CSGO Newbie Investing Guide (2019)


This is the first iteration of a new Newbie Guide to Investing in CSGO, covering most basic issues. Some subjects are in the work and will be added at a later date.

Before we start, THIS is a fantastic overview of CSGO Market History (until April 2019) and a must-have, including timeframes for regular and operation drops, many important events and lots of useful info, made by steamfrag

Which items can be invested in?


Introductionary Note: Discontinued consumables (cases, stickers and basically all containers) are better items for long term investment than non-consumables, since consumables get deleted from the market when used, thus reducing their quantity over time, unlike skins which are only deleted if a user gets banned or if the skins are used in trade-up contracts. Specific skins/knives/gloves could be profitable to invest and to hold long term, if you know exactly what you are doing. But generally skins are better suited for frequent trading and not long term investing, or if you want skins to play with and more or less hold their value with some potential to go up in price. As an example, Here is a video from TDM HeyJesus from last year explaining what I mean. If you are more interested in trading with others, nice knives and gloves, etc. and not mid/long term investing, visit /GlobalOffensiveTrade


List of all CSGO Cases in Chronological Order:

Case Name Release Date Rare or Active Drop
CSGO Weapon Case 14. August 2013 Confirmed Rare
eSports 2013 Case 14. August 2013 Confirmed Rare
Operation Bravo Case 19. September 2013 Confirmed Rare
CSGO Weapon Case 2 08. November 2013 Confirmed Rare
eSports 2013 Winter Case 18. December 2013 Confirmed Rare
Winter Offensive Weapon Case 18. December 2013 Confirmed Rare
CSGO Weapon Case 3 12. February 2014 Confirmed Rare
Operation Phoenix Weapon Case 20. February 2014 Confirmed Rare
Huntsman Weapon Case 01. May 2014 Confirmed Rare
Operation Breakout Weapon Case 01. July 2014 Confirmed Rare
eSports 2014 Summer Case 10. July 2014 Confirmed Rare
Operation Vanguard Weapon Case 11. November 2014 Confirmed Rare
Chroma Case 08. January 2015 Confirmed Rare
Chroma 2 Case 15. April 2015 Confirmed Rare
Falchion Case 26. May 2015 Confirmed Rare
Shadow Case 17. September 2015 Confirmed Rare
Revolver Case 08. December 2015 Confirmed Rare
Operation Wildfire Case 17. February 2016 Confirmed Rare
Chroma 3 Case 20. April 2016 Confirmed Rare
Gamma Case 15. June 2016 Confirmed Rare
Gamma 2 Case 18. August 2016 Confirmed Rare
Glove Case 28. November 2016 Confirmed Rare
Spectrum Case 15. March 2017 Confirmed Rare
Operation Hydra Case 23. May 2017 Confirmed Rare
Spectrum 2 Case 14. September 2017 Active
Clutch Case 15. February 2018 Active
Horizon Case 02. August 2018 Possibly Rare (needs more data)
Danger Zone Case 06. December 2018 Active
Prisma Case 13. March 2019 Active
CS20 Case 18. October 2019 Active
Shattered Web Case 19. November 2019 Active









  1. The Cache Collection
  2. The Chop Shop Collection
  3. The Cobblestone Collection
  4. The Gods and Monsters Collection
  5. The Overpass Collection
  6. The Rising Sun Collection



  1. The Assault Collection
  2. The Aztec Collection
  3. The Baggage Collection
  4. The Dust Collection
  5. The Inferno Collection (The Old One)
  6. The Militia Collection
  7. The Mirage Collection
  8. The Nuke Collection (The Old One)
  9. The Office Collection
  10. The Vertigo Collection


  1. The 2018 Inferno Collection
  2. The 2018 Nuke Collection
  3. The Bank Collection
  4. The Dust 2 Collection
  5. The Italy Collection
  6. The Lake Collection
  7. The Safehouse Collection
  8. The Train Collection






  1. M4A4 Howl (removed due to copyright violation) - The only Contraband item in CSGO
  2. Dual Berettas Retribution (removed due to artist ban)
  3. P90 Desert Warfare (removed due to artist ban)
  4. CZ75-Auto Poison Dart (removed due to artist ban)
  5. MAC-10 Curse (removed due to artist ban)
  6. USP-S Orion (removed due to artist ban)
Note: Some skins were banned from a case, but can be traded up to with trade-up contracts


  1. Sticker Howling Dawn (removed due to copyright violation)
  2. Sticker King on the Field (removed due to artist ban)
  3. Sticker Winged Defuser (removed due to artist ban)
  4. Sticker Harp of War (Holo) (removed due to artist ban)



Other ways to profit on the market than long/mid term investing












FAQ


How many items can I hold in my inventory?
Officially, 1000. You can list excess items on the steam market (for high unrealistic prices) and basically use the steam market as extra space. Note that the price of your listed items on market + your steam wallet cannot exceed $2000 at any given time. You can increase the number of items in your inventory and the amount of steam wallet money through some tricks. It is however recommanded that instead you simply make extra accounts and prepare them for usage as extra space and as storage accounts, if you need more space.

How much is the Tax/Fee on Steam Community Market?
Approx. 13%-15% total for most.
Here is one in Euro by donbernie and Here is one for items under $1 by HwanZike
Yes, if you want to make Gaben really happy, sell for 3 cents and give him 2

What are some real-money marketplaces for CSGO items?
Use all external sites at your own risk

I've personally used skinbaron and skinbay and had no problems so far. There are others out there like cs deals. Update (Oct 2019): I used Bitskins before they changed ownership in Oct. 2019. I am waiting to see who the new owners are (still unknown) and how the site develops, before using them again.
Also note that the most popular one, OPSkins was BANNED by Valve in 2018. Do not use OPSkins if you want to cash out from or cash in to Steam anymore. Their so called VGO Skins aren't actual CSGO skins, even though they look similar. Update (Oct. 2019): OPSkins apparently made a comeback with a P2P system without using Bots. Proceed with caution, because Valve basically sent them a cease and desist letter in the past letting them know that they aren't allowed to be associated with CSGO and use any intellectual property of Valve on their websites at all anymore.

What is the most efficient way to cash out?
Sell the items directly at Bitskins, Skinbaron or another trustworthy site. Depending on the items, this can take a while. As an alternative you can exchange your investments into liquid items (popular skins for frequently used weapons, certain knives, case keys, sticker keys, nametags etc. - spend some time to determine which item gives you the best rate) and sell those liquid items on external cashout sites. The latter method will increase the speed at which you get money but will lose you a larger percentage. Keep in mind that BitSkins/Skinbaron take a percentage (5% to 15%), Paypal takes a percentage (~2%), and that the item values on external sites (real money value) are always lower than in the Steam Community Market. Also, every transaction on the Steam Community Market takes away 15% already. Occasionally the items on external sites are so cheap compared to SCM that it becomes worth it to sell them on SCM instead, buy keys from the in-game store, and then sell those keys on external sites again. When selling on SCM it almost always is correct to sell with an order that's higher than the highest buy order and higher than the lowest sell order if the lowest sell order is lower than recent trends display.

What is the most efficient way to buy in?
Buy items (not necessarily CSGO only) from trustworthy external cashout sites or from highly reputable sellers with high cash rep if they offer a better deal (you can find some on /GlobalOffensiveTrade) and sell the items on the Steam Community Market. Spend some time to determine which item gives you the best discount compared to Steam Market Price. Be aware that some items such as souvenir skins, certain Stattrak knives, etc. might have a very high discount, but are very very hard to resell back on steam market, avoid these items and stick to popular items. There is a reason why they have such a high discount. Also be aware that some items might be manipulated on steam market, thus showing a very high discount on 3rd party sites when compared, avoid these items and check their market history to be sure. http://csgo.steamanalyst.com/hotdeals is one of the tools that can help you with good deals, or the deals section at BitSkins. The general rule is also the cheaper the items, the higher the possible discount. For instance you could buy very cheap stickers for sometimes 50% off, and resell on steam market. But the downside is that it takes a lot of time and effort than a single expensive item, but gives you more steam wallet money at the end. Make sure that after steam tax, you always get more money than if you deposit the money directly to Steam, otherwise this whole process becomes completely pointless.

What are the case opening odds?

Normal StatTrak
Knives and Gloves 0.26% 0.026%
Covert 0.64% 0.064%
Classified 3.20% 0.32%
Restricted 15.98% 1.598%
Mil-Spec 79.92% 7.992%

Why did item X increase/decrease in price?
Possible reasons: CS:GO updates/balance changes/game changes/market changes (e.g., Tradeup Contract), new cases/operations (both short-term, due to opening frenzies, and long-term, due to increased supplies of skins), a famous streameyoutuber hypes an item, someone tries to manipulate the market, a AAA game is released, a tournament is taking place (CS:GO, DOta 2 etc.), a Steam-sale like Summer sale is going on, a market-bug is ongoing, the ingame drop rate was increased/decreased, legal issues about things related to the CSGO market (e.g., betting/gambling), etc.

If I create a new Steam account, how do I transfer items to that account? How long does this take?
Create a new account, log in (via the thick client), set up your profile, enable Steam Guard, wait 15 days, and transfer the items to the account from your main (double check that it is your account). If you intend to use the thin client (e.g., via Chrome), make sure that you log in from there as well because Steam will impose a 7 day trade restriction on your account when you attempt to create a new transaction from a new device (a device meaning a new browser). Also, if you do not have mobile authentication enabled on the alt account, there will be a 3 day delay for trades. You can use the same phone number & email address for many Steam accounts. Also, Gmail forwards emails addressed to your account even if dots (.) are added in between the username characters of your email address.

If I create a new Steam account, how do I use the Community Market? How long does this take?
Same steps as above, but you need to purchase a game that costs at least $5 or deposit $5 into your Steam wallet (and wait a month) before being able to use the Community Market. Keep in mind that using a new payment method will trigger a weeklong community market cooldown on your account.

After buying a CSGO item from the Steam Community Market, how long do I have to wait until I can sell/trade it?
They are sellable immediately on the Market. You need to wait 7 days until you can trade them to another account. Note that items from some other games, have the 7 days cool down both for trading AND steam market (like Rust).

How do buy orders work?
When you place a buy order, the market first looks for all the cheapest items that can fulfill your order. Then the oldest listing (i.e. the seller who has waited the longest) is selected and purchased. If the items are listed in multiple currencies, the amounts are first converted into your currency before being selected (i.e. a 0.03 RUB listing has no priority over a 0.03 USD listing). If multiple buy orders satisfy a new market listing, the oldest matching buy order will be selected. It used to be different in the past, but was changed in 2017.

How do I create multiple listings at once on Steam Market?
You could use one the addons listed in the "useful sites and tools" section of this guide down below. The current most secure way (since no external extensions are used) is a solution suggested by u/soldture . Simply copy this link: https://steamcommunity.com/market/multisell?appid=730&contextid=2&items[]=Falchion%20Case
Change Falchion%20Case to your desired item name. This solution only works with commodity items. This also works with other games (you have to change the appid and replace it with the appid of that game, for instance Rust is 440.

Item X hyped and is going to moon. Should I Buy?
Usually parabolic moves are followed by a crash (not always but most of the time). It is almost never a good idea to buy when something is mooning because of a video, some news, manipulation, mass hysteria and hype or whatever else. Buy the rumour, sell the news.

Item X is crashing hard. The Market is crashing. I am shaking and panicking. Should I Sell?
Stay calm, take a deep breath and find out what is really going on and what you really think about it. As an example: there was a huge panic when gambling sites were being banned. Many people panicked and sold their items for ridiculously low prices. People were telling eachother that the skin market will crash and never recover if there is no gambling and the world is going to end. And here we are in 2019, and almost everything (including skins) is at its all time high. However, sometimes you just need to sell fast. Let's say you have a skin from a collection which was inactive for a long time, making the prices of the skins go very high, and then suddenly the collection became active again for whatever reason. Or Gaben officially tells us that he is going to do something crazy with the market which will inevitably crash everything. In that case yes, sell fast (just an example)

Useful sites and tools

Use all external sites, tools and addons at your own risk, some are risky to use, some old and not updated


Chrome addons:

Useful Youtube Channels





Credits
Helicobacter: FAQ 2.0 (huge shoutout, copied a lot of stuff from this FAQ, sometimes word by word)
Steamfrag: Very useful graphs and market data

Disclaimer: The information offered here is not financial advice. We, the mod team, are just a bunch of gamers and hobby investors. Do your own due dilligence before investing any real money in to a game and do it at your own risk! Use all external links, sites, tools, addons, etc. at your own risk! Any information in this thread may be outdated at any given time. You should be mentally prepared to lose everything invested in virtual items. Valve could change the rules affecting the market anytime. Third party cashout and trading sites and their BOTS could be banned anytime. External events such as successful lawsuits against Valve, new state laws, new country laws, etc. could also affect the market anytime by forcing Valve to take measures (for instance case opening is now restricted in Belgium and Netherlands, OPSkins got banned, Gambling sites were banned, etc.). Also note that all of your items legally belong to Valve, even if you paid for them.


Suggestions and potential corrections to this guide are always welcomed and will be added if necessary and approved by the mod team. I will try to keep this guide updated.

Last updated: Nov. 2019
submitted by HostileHero to csgomarketforum [link] [comments]

How do I pay taxes from bitcoin arbitrage betting?

Say I make like $50 grand in my bovada and some other sites’ wallets (all profit. After being offset by losses. (Multiple sites because “arbitrage betting”)) and want to convert it to bitcoin, then send that to my bank. How would I do this all legally?
Does it matter that online sports betting is illegal in the US? Would I need the “illegal income” form? I’ve heard that running a gambling site is illegal in the us, not necessarily just using one.
submitted by GiacomoAprile to csgobetting [link] [comments]

How do I claim and pay taxes for online sports betting?

[Illinois]Say I make like $50 grand in my Bovada and some other sites’ wallets (all profit. After being offset by losses. (Multiple sites because “arbitrage betting”)) and want to convert it to bitcoin, then send that to my bank. How would I do this all legally?
Does it matter that online sports betting is illegal in the US? Would I need the “illegal income” form? I’ve heard that running a gambling site is illegal in the us, not necessarily just using one.
Is there any way to report income without getting audited (because of the bank disclosing over 10k deposits) even without the sites I’m using sending tax forms (they’re usually offshore sites)
submitted by GiacomoAprile to tax [link] [comments]

US Anti-Doping Agency eyes sports betting role

http://www.espn.com/chalk/story/_/id/25587450/us-anti-doping-agency-eyes-sports-betting-role
USADA is coming for your arbitrage.
submitted by BestSinceDay0 to sportsbook [link] [comments]

How to rent a flat in UK without having references?

My Fiancee and I have saved up some money (about ~100k) and a good source of income (sports arbitrage) We do not pay taxes, we do not declare anything, and dont have "an accountant"
We want to rent a place in uk (London). How?
We've looked around, estate agents are asking for references from previous landlords and/or credit checks and income payslips/hell knows what else. We make £70-80k/year combined, but cant show it, and when people hear sprots betting they assume gambling and turn their prejudice on.
I tried OpenRent but even there, while dealing directly with a landlord they have to run checks on future tenants to show insurers that we're reliable, and since we cant pass those they just deny insurance for the landlord so obviously they wont rent us anything :[
Is there a good solution for this situation ?
submitted by Omnomnom334 to personalfinance [link] [comments]

Aquipa Partner MLM collapse and rebrands as Regium International

Aquipa Partner Ltd (aka AQ Partner aka Aquipa Sales) has finally collapsed leaving 100´s of small investors in the wind with nothing except a tiny share of a ridiculous betting company YoBetit who have similarly collapsed from cutting edge product to selling bingo and lottery.
Recapping: Aquipa Partner was founded by Knut Lennart Emlén and Robert Bloom to sell memberships in sports arbitrage maker Yobetit.com in MLM invite style. Purchase also include Aquipa Globals (of magic beans) and ´shares´ in each company. They had UK address but were based here in a city called Uddevalla. Yobetit was made in Panama.
After the Yobetit selling they then sell Darwinex product them increasing desperate products (I assume other companies can use Google and refuse to work with super salesman Robert Bloom). The last message we receive from them mentioned they were selling a health food product.
Now Aquipapartner.com is gone and no explanations to the people who spent Euro1000´s on their promises.
Yobetit recapping: Emlén was CEO of Yobetit and hes moved to live on Malta. After few months and many delay he put boy puppet Nikolai Livori (Malta) in as CEO.
Then they say the arb service was a bad plan and they close it. Now YoBetit is an off of the shelf template sportbook, they have same sports prices as many, many other websites. And here is the most pathetic part: now YoBetit is becoming a lottery service!!!!
From a new red Lamborghini to a old minibus with 3 wheel. Pathetic. Truly pathetic.
Mr. Robert Bloom , Mr. Knut Emlén, Mr. Nickolai Livori and Mr Sven Erik Carlsson if you have any problems with what Is said here I ask you to leave a public statement on this forum or your many useless websights. Because they have never explained it or admitted to us fully.
I suggest anybody doing business with these people do correct due diligence and investigate the Aquipa and YoBetit story in depth.
submitted by MLM_watch to antiMLM [link] [comments]

[DMming] How would you assess your PCs' morality?

My group wanted a campaign with less black and white, and more grey morality. So the setting has plenty of grey morality built into it, and the PCs frequently encounter moral dilemmas in a society that has normalised a lot of "bad" behaviour.
I've got some good eggs. But, as they say, "the road to hell is paved with good intentions," and this party is building an 8-lane expressway, complete with service stations. The party tab, at the moment, does include some unjustified bad acts, usually motivated by greed:
As well as a fair number of bad acts caused only by stupidity:
But far and away, their bad actions occur with "good reason:"
One player complained, "My PC keeps doing bad things for good reasons, but then the rest of the party interrupts him before the positive payout." We've joked that the party mentality has been "the ends justifies my means, not yours," as they tend to have multiple conflicting "long term benefit" plans in the running.
How do you rank your PCs on the morality scale, and do you think it's a problem if they rank far from where they were expected?
EDIT: Damn, I knew "[DMming]" looked funny for some reason...
submitted by Lamenting_Demon to DnD [link] [comments]

FAQ 2.0

Q: What should I invest in?

A: tl:dr: Perhaps some discontinued containers/stickers. This thread lists a lot of interesting plots and on this thread you can check out which items were available on which timeframes. Case investing: Buy cases & sticker capsules when they are at 3c/4c. They can't get any cheaper and once they stop dropping they might rise in price (Be aware of the volume on the market - cases with close to a million currently on the market will take a long time to rise in price.) Popularity of the skins in the cases has an influence. i.e. Vanguard cases are still cheap and will rise in price slowly as the skins aren't as desirable, despite the supply stopping. Huntsman cases are much more desirable and quickly rose in price once they stopped dropping. Sticker Capsules were great investments as once a sticker was used on a skin, it was gone from the market for good. Gun Skins from cases only leave the market if a user is banned or the skin is used during the Trade-Up Contract. Supply for stickers should always drop (note: as of the 2016-06-15 patch, they are most likely rare drops). Some cases are more rare and therefore cost more, for example operation Bravo cases. If you know what you're doing, it is sometimes profitable to buy cases at prices higher than 3-4c.
Sticker Investing: You could buy stickers when you get a sticker offer then sell on market. Check the prices and be aware of the market tax. You might net a few extra cents pretty quickly but you're really not getting much profit here. Buy up on stickers when the capsules have stopped dropping / they are no longer offered as common deals - My guess is the capsules themselves would be better investments and I don't think there's really any way to know if a sticker is no longer offered as deals other than their recent trending. Stickers, are very similar to passes, they are most commonly a long term investment. Team stickers have always gone on sale at the end of valve sponsored tournaments.
Tournament Sticker Investing: Buy stickers at a low price (during the sale towards the end of a tournament is best) and sit on them. You can either sell shortly after the tournament for a quick profit, or wait 6 months+ for a possibly larger profit. As more tournaments are being held and more stickers are released, it is difficult for most stickers to distinguish themselves among the huge mass of other stickers. Only hold on to stickers that you think will appreciate. If you're lucky a team will be banned or split or become successful in the future which is likely to drive up the price of their stickers (see ibuypower). The amount of profit from these stickers depends on how nice they look and how popular they are (if they are too popular, they can be a liability because of overabundance). Katowice stickers look great, Dreamhack not so much, 2014 cologne even less so. This comment and this comment might clarify some Tournament Sticker questions.
Skin Investing: Trickier than the other two and more risk involved. I wouldn't really recommend as it's unlikely to be more profitable unless you really know what you're doing. If a skin goes contraband, for whatever reason, the price will shoot up. Buy early when this happens and you should see profit if you wait. Don't expect it to really happen again. Valve will likely not let any copyright infringing skins through after the Howl. Skins from a case that has stopped dropping or from a collection from an operation that has stopped will rise. How much so will depend on their desirability. This will be a slow process. (example: M4A1-S Guardian). Valve, with the Vanguard Operation, reintroduced some rare skins into the game, such as skins from the Cobblestone collection, Overpass collection, Cache collection and Dust collection which drastically reduced the value of the majority of skins involved. Gun Skins from cases only leave the market if a user is banned or the skin is used during the Trade-Up Contract.
Knife Investing: More or less don't. Knives are fickle things to trend. Maybe you find a knife with a nice pattern going cheap due to an oblivious seller. But it won't be easy to get rid of. As with the skins knives from cases that are no longer dropping should rise in price, knives from current cases (i.e. Falchion) will drop in price until the case stops dropping.
Operation Pass Investing: These are the things that you redeem in order to get access to an operation. After the operation, all it does is give you access to the coin (which some players like to collect). All passes so far have gone on sale at the end of their operation. You can buy passes then sell after the operation has finished. If you want to do this, buy during the sale and wait 4-6 months. You should see profit, but I personally wouldn't bother. Vanguard sold well as it didn't reach as low a discount as people were expecting and wasn't on sale long, so not many were bought. Furthermore, Valve stopped selling the Vanguard Pass before the operation ended, which caused players who wanted to complete the missions to buy it from the market.
Souvenir Case Investing: Research the different cases and their skins. Cases like the Cobblestone case is the most desirable due to the Dragon Lore. During the tournament the supply will be at it's height so buy early and wait. Profit will continue to climb but might be a slow process depending on the case you have and the volume that were dropped.
Gift Package Investing: In the Winter months Valve sells gift packages for $1. If you open a Gift Package on a server, it will award a random player a random regular skin drop. In any given 2 hour period, those five players that open the most Gift Packages are displayed on a leader-board in the beginning of every game of every Valve NA CSGO server. This has been exploited for advertising. In 2013, people didn't anticipate that the Gift Packages are limited to the Winter months and in the following year, CSGO exploded in popularity. This multiplied the price of CSGO Gift Packages until they were sold again in 2014. In 2014, many people expected the same thing to happen, so the supply of Gift Packages increased. CSGO exploded again, but this time the price of gift packages increased much more because gambling sites started to boom and they competed for advertising. It is possible that in 2015, many people and gambling sites will buy many more gift packages than previously, and that the relative growth of CSGO will decrease. Valve announced that they will pull the advertising feature of the gift packages during early 2016.
Tournament pin investing: Coming soon
CSGO game key investing: Coming soon

Q: What items have been (in some cases, virtually) discontinued?

A: Here's what you can only get from the marketplace/trading and absolutely nowhere else:
GUNS
M4A4 Howl (removed due to copyright violation) Dual Berettas Retribution (removed due to artist ban) P90 Desert Warfare (removed due to artist ban) CZ75-Auto Poison Dart (removed due to artist ban) StatTrak MAC-10 Curse (removed due to artist ban and cannot be traded up to) StatTrak USP-S Orion (removed due to artist ban and cannot be traded up to) The Consumer Grade skins of the Assault, Alpha, and Office collections cannot be traded up to and these collections did not return after their initial drop phase.
STICKERS
Note all of these are probably now rare offers in the in-game store:
Sticker Howling Dawn (removed due to copyright violation) Sticker King on the Field (removed due to artist ban) Sticker Winged Defuser (removed due to artist ban) Sticker Harp of War (Holo) (removed due to artist ban) Sticker Windy Walking Club (probably no longer for sale) Sticker War Penguin (probably no longer for sale) Sticker Terrorized (probably no longer for sale) Sticker Stay Frosty (probably no longer for sale) Sticker Fight like a Girl (probably no longer for sale) Sticker CT in Banana (probably no longer for sale) Sticker Chicken Strike (probably no longer for sale) Sticker Bossy Burger (probably no longer for sale) Sticker Blitzkrieg (probably no longer for sale) Sticker Witch (probably no longer for sale) Sticker T on Cat (probably no longer for sale) Sticker Stay Frosty (probably no longer for sale) Sticker Till Death Do Us Part (probably no longer for sale) Sticker Terrorized (probably no longer for sale) Sticker Pigeon Master (probably no longer for sale) Sticker Blitzkrieg (probably no longer for sale) Sticker Windy Walking Club (probably no longer for sale) Sticker War Penguin (probably no longer for sale) Sticker Shooting Star Return (probably no longer for sale) Sticker Nelu the Bear (probably no longer for sale) Sticker Flashbang (probably no longer for sale) Sticker Fight like a Girl (probably no longer for sale) Sticker CT in Banana (probably no longer for sale) Sticker Chicken Strike (probably no longer for sale) Sticker Cat Call (probably no longer for sale) Sticker Bossy Burger (probably no longer for sale) Sticker Trick Or Threat (probably no longer for sale) Sticker Zombie Lover (probably no longer for sale) Sticker Witch (probably no longer for sale) Sticker Trick Or Treat (probably no longer for sale) Sticker Bomb Squad (Foil) (probably no longer for sale) Sticker Work For Ammo (probably no longer for sale) Sticker Warowl (probably no longer for sale) Sticker T-Rekt (probably no longer for sale) Sticker SAS Chicken (probably no longer for sale) Sticker Piece Of Cake (probably no longer for sale) Sticker Pandamonium (probably no longer for sale) Sticker My Little Friend (probably no longer for sale) Sticker Massive Pear (probably no longer for sale) Sticker Ho Ho Ho (probably no longer for sale) Sticker Blood Boiler (probably no longer for sale) Sticker Headless Chicken (probably no longer for sale) Sticker Hostage Rescue (probably no longer for sale) Sticker Wanna Fight (probably no longer for sale) Sticker Witchcraft (probably no longer for sale) Sticker Robo (probably no longer for sale) Sticker Lucky Cat (Foil) (probably no longer for sale) Sticker Baaa-ckstabber! (probably no longer for sale) Sticker CS On The Mind (probably no longer for sale) Sticker Doru The Fox (probably no longer for sale)
Sticker Queen Of Pain (probably no longer for sale) Sticker Eco Rush (probably no longer for sale) Sticker Just Trolling (probably no longer for sale) Sticker Flickshot (probably no longer for sale) Sticker One Shot One Kill (probably no longer for sale) Sticker Chi Bomb (probably no longer for sale) Sticker Dinked (probably no longer for sale) Sticker Awp Country (probably no longer for sale) Sticker Ninja Defuse (probably no longer for sale) Sticker Delicious Tears (probably no longer for sale) Sticker Knife Club (probably no longer for sale) Sticker Doomed (probably no longer for sale) Sticker Don't Worry, I'm Pro (probably no longer for sale) Sticker Pros Don't Fake (? probably no longer for sale) Sticker Firestarter (Holo) (probably no longer for sale) Sticker Phoenix (Foil) (? probably no longer for sale)
CONTAINERS
2013/2014/2015/2016 Souvenir Cases (ceased dropping) Sticker Capsule 1 and 2 (ceased dropping, (note: as of the 2016-06-15 patch, they are most likely rare drops)) Community Sticker Capsule 1 (ceased dropping (note: as of the 2016-06-15 patch, they are most likely rare drops)) 2014/2015/2016 Tournament Sticker Capsules (no longer for sale) Gift Package, Pallet, and Parcel (only available during Christmas)
OTHER
All Operation Passes (no longer for sale) Music Kit Midnight Riders (no longer for sale, probably only available during Christmas) Weapon Case 1 (confirmed rare drop) Weapon Case 2 (confirmed rare drop) Weapon Case 3 (confirmed rare drop) eSports 2013 Case (confirmed rare drop) eSports 2013 Winter Case (confirmed rare drop) eSports 2014 Summer Case Operation Bravo Case (confirmed rare drop) Winter Offensive Case (confirmed rare drop) Vanguard Case (confirmed rare drop) Huntsman Case (confirmed rare drop) Chroma Case (confirmed rare drop) Phoenix Case Breakout Case Revolver Case Falchion Case Shadow Case Wildfire Case Chroma 2 Case Chroma 3 Case Operation Hydra Case (probably a mistake by Valve)
u/steamfrag has posted the drop timeframes for these., created a timeline visualization here, and overlayed price history visualizations here.
The following collections are discontinued when no operation is going on: Cache, Overpass, Cobblestone, Chop Shop, Rising Sun, Gods and Monsters. Consumer tier skins in those collections cannot be traded up to.
The following collections don't drop right now but could reappear in a future operation: Baggage, Mirage, Nuke, Militia, Inferno, Vertigo, Aztec, Dust, and, potentially, Assault, Office, and Alpha.

Q: What currently drops ingame and what are the case opening probabilities?

A:
All mainstream cases outside of the cases listed in the "other" section above drop. u/qsulphurous: The currently dropping weapon collections during non operation times are: Dust 2, Train, Bank, Italy, Safehouse, Lake. Mirage used to be in the drop Pool but was replaced by Bank when the Huntsman case was released. Here are the case opening probabilities

Q: What are some ways I can make a profit on the market, other than investing (long-term)?

A:
Note that a lot of these are automated already with bots (which can hurt your profitability) and that some are more scalable than others (e.g., through multiple accounts).
Weekly Operation fluctuations (hotshowerscene) - With the new "1 drop per week" for the operation we're seeing big fluctuations in some skins on the market . As the drop resets everyone levels up then most sell their skins more or less immediately. This massive influx drives the prices down. As the supply of skins slows throughout the week the price climbs back up, usually peaking just before the drop resets. If you play this right you can make a bit of profit by buying and selling on the market at the correct times for the correct prices. This can be a gamble as there's not really much certainty on the price. My advice here: research the skins and their trends. Skins that can be used in tradeups to highly desirable skins are the best, but it's hard to judge what will happen and what the price peak will be. If you do this, make sure you're happy with any profit and don't get too greedy. (example: Skins that tradeup to M4A1-S Icarus Fell) Random fluctuations - Keep an eye on mid price skins that there isn't a huge volume of (see Deagle Blaze) and if you manage to pick one up at a low price and sell at a peak price then you can net a few bucks profit. Do your research and hope you get lucky.
Wide daily seasonality: Some items peak every day at around noon and tank after midnight (EST). If the difference tends to offset the Steam tax (15%), it can be taken advantage of. Usually, this requires a large volume to be reasonably profitable. If you engage in this technique, keep in mind that there is a scalability limit for the profitability.
Expansion and contraction: After a popular game/operation/case/tournament/Steam-sale/market-bug is introduced, players try to dump their items on the market to buy whatever is hot. At the same time, buyers tend to also go for what's hot. Old investment supplies increase, and demand lessens. It is usually wise to do the opposite of the general market behavior and buy on these market crashes. When you want to sell something, it's usually best to wait until the market has fully recovered. Further, during some crashes, it might be better to wait until the end to buy-in as many investors try to buy in early.
Trade up items by starting from undervalued items - Start with an inexpensive item (snipe undervalued items from Opskins or CSGOlongue) and make a lot of profitable trades. This usually requires a lot of work. Also, most questions in this arena are better suited for globaloffensivetrade (and if you're trading game gifts /gametrade).
Trade up contract arbitrage - Determine if a certain weapon can be traded up to profitably (consider Steam tax). If so, buy the lower level skins, and sell the traded-up to skin on the market until it becomes unprofitable. This is probably already being done by bots. Note that the float value of the traded-up-to weapon is a function of the average float value of the traded-up-from skins.
Tournament sticker capsule opening arbitrage: During a period of time of the Cologne 2015 sale, it was actually profitable to buy capsules from the market, open them, and then resell them on the market (in the average case).
Smart/educated betting - Bet on teams where the betting odds are inefficient. Most questions in this arena are better suited for csgobetting.
Wide bid/ask spreads - Take advantage if the daily bid/ask spread is larger than the Valve tax. Buy commodities that are being demanded at a much lower price than they are being listed at, then sell them back. Don't do this en masse before an expected downturn.
Snipe undervalued items from the markets - In the Steam Community Market, this doesn't work well for the more expensive/rare items as the bots close to the Valve data-center (working serially and randomly) are likely to be faster. For OPSkins you can sort the items according to price and find undervalued items. Some sites compare the prices across sites, which allows arbitrage. There's also an extension that shows how discounted different items on OPskins are. Nonethewiserer: For CSGOlongue you can create quick buy order (on auto-bump) and offer fewer keys than an item is worth, and the order can go through on market crashes (quicksell listings).
Salvaging the junk yard of gambling sites (barnyard303): Cases can be acquired from CSGOskins for 1 cent as they are trying to liquidate them quickly. Decent skins are overvalued on gambling sites and can be used to cash in.
Watch a tournament and hope for souvenir drops: During tournaments, link up your twitch account to your Steam account and keep the twitch stream running in order to potentially get a Souvenir case.
Grinding operation missions or weekly drops: It is often the case that paying for the operation pass early is profitable if you get the mission drops and sell them on the market. When a new case is released it can be worthwhile to accumulate in-game time in order to get the new highly-priced case.
Sticker flipping: Sometimes it is profitable to buy stickers from the store and then flip them for a profit (after the 15% Steam tax) on the community market.
Hunting for sub-variations of items: Some items on various markets have specific sub-patterns/properties that are more valuable than the usual ones (ex., 5-7 Case Hardened blue pattern, Black Pearl pattern of Doppler knives, KennyS Cobblestone Packages, skins with the Howl sticker) and they are sometimes undervalued (especially during market downturns).
Item gambling: If done kosher, a -EV proposition because of the rake. Over many trials, a guaranteed loss due to the law of large numbers. That being said, some people have developed shady schemes where it can become profitable (e.g., via market manipulation). However, these schemes are risky.
Currency arbitrage: If a particular conversion is highly skewed and Valve's adjustment is slow, it can become profitable for a certain country to buy items in the store or Community Market and resell them off the community market to another country. You can use a VPN and Paypal to pretend you live in another country, although it's pretty risky.
Sell high and hope for a market bug/manipulation: List items for a higher price than their market value and hope that a Steam bug will occur where sellers temporarily won't be able to create new listings, while buyers can still buy the items (or hope that someone engages in market manipulation of your item).
Create high buy orders to items priced out of SCM: Some items (e.g., Kato 14 Holos and Dragon Lores) have a market value greater than can be listed in the SCM. Some uninformed owners will still list these items on sale on the SCM (way below market value) every few months, and their sell order gets matched with the highest buy order. Therefore, a profitable strategy is to create the highest buy orders on these items. Check this FAQ for how you can create these buy orders. Note that you actually need to have the money in your Steam wallet, and that it needs to stay there for a while (you can make buy orders for 10x the amount in your wallet). Having a large Steam wallet is already associated with hidden costs (inflation, illiquidity, Valve's fickle nature etc.); determine for yourself whether you deem these costs worth it. You also need a way to check if your buy order is the highest every now and then.

Q: What are some good sites and tools for market information, outside this subreddit?

A: http://www.steamanalyst.com/ - Moving averages http://steamcompanion.com/ - Historical supply numbers http://csgostash.com/ - All items categorized and visualized https://steamcommunity.com/market/ - The official Steam Community Market http://wiki.teamliquid.net/counterstrike/Main_Page - Historical info like operation dates
http://195.154.110.156/charts/items/ - Aggregate level stats per item http://csgobackpack.net/- Value of inventories http://steam.tools/itemvalue/ - Value of inventories http://csgo.exchange/ - Value of inventories, item prices, quantities of items http://www.goaggro.com/ - Price info http://steamcharts.com/app/730 - CSGO Player Base Stats http://beta.csgro.com/ - Track items http://www.hltv.org/ - CSGO news https://www.csgozone.net/ - Quantities of items http://blog.counter-strike.net/ - Official CSGO blog csgro.com - Market statistics, trade tools, inventory tracking (not yet available) Software: Steam Market Watchlist - Track investments http://counterstrike.wikia.com/wiki/Container#Weapon_Cases - Retired collections Steam Inventory Calculator - Track investments over multiple accounts (takes work to setup) Software: Steam inventory Helper - Automated selling of a lot of items in bulk Software: Better Buy Orders - See all the buy orders of an item in the Steam Community Market Steaminvestor (and Excel Formulas, see comments) - Track investments Automatic Account Creation - use software at own risk [Steam Desktop Authenticator for mass confirm listings - use software at own risk](www.google.com)

Q: How many items can I hold in my inventory?

Officially, 1000. You can list excess on the market, but after around 200 items listed, the Steam Community Market homepage wont load any longer; the specific item pages, will load, however. I'm not sure after how many items those pages will fail to load. levitating_cucumber and el_vper: You can also reach over 6000 items in your inventory by listing items on the market, buying more items, then cancelling the listed items (4000 2000 is the maximum safe amount). Note that your listing volume+Steam Wallet cannot exceed $500 at any given time. Konstaduck: If you have 999 items in your inventory, you can also accept a trade with at most 1000 items for a total space of 1999. u/MikeR0tch: Apparently, the trade trick doesn't work any longer, unless you follow some specific rules.

Q: How much does Steam charge in tax/fees when I sell an item on the Steam Community Market?

This thread show the exact formula, while this thread shows the values for cent values in the range $0.01 to $1.

Q: What is the most efficient way to buy in?

A: Buy items (not necessarily CSGO only) from trustworthy sellers (e.g., Opskins) that you can sell on the Steam Community Market. Spend some time to determine which item gives you the best rate (http://csgo.steamanalyst.com/hotdeals is one of the tools that can help you with that, there's also an extension out there that displays the discount% on each item loaded). Alternatively, Steam gift cards are sometime on sale. If someone is selling the investments you want off market at discounted rates, that could be an even more attractive option. When you buy from the SCM, it is almost always correct (unless you are dealing with something timing-sensitive) to place a buy order that's lower than the cheapest sell order.

Q: What are some real-money marketplaces for CSGO items?

A: Use at your own risk (use this one at your own risk)

Q: What is the most efficient way to cash out?

A: Sell the items directly on Opskins/Bitskins (or a trustworthy competitor with small fees). Depending on the investment items, this can take a while. As an alternative you can exchange your investments into liquid items (popular skins for frequently used weapons, certain knives, case keys, sticker keys, nametags etc. - spend some time to determine which item gives you the best rate) and sell those liquid items on OPskins. The latter method will increase the speed at which you get money but will lose you a larger percentage. Keep in mind that OPskins takes a percentage (5% or 10% depending on your membership - there are coupon codes btw), Paypal takes a percentage (~2%), and that the values on OPskins are lower than in the Steam Community Market. Also, every transaction on the Steam Community Market takes away 15% already. Occasionally the items on OPskins are so cheap compared to SCM that it becomes worth it to sell them on SCM instead, buy keys from the in-game store, and then sell those keys on OPskins. When selling on SCM it almost always is correct to sell with an order that's higher than the highest buy order and higher than the lowest sell order if the lowest sell order is lower than recent trends display.

Q: Why did item X increase/decrease in price?

A: Possible reasons: CS:GO updates/balance changes/game changes/market changes (e.g., Tradeup Contract), new cases/operations (both short-term, due to opening frenzies, and long-term, due to increased supplies of skins), a famous streamer hypes an item, someone tries to manipulate the market, a AAA game is released (short-term loss and long-term losses), a tournament is taking place (CS:GO, DOta 2 etc.), a Steam-sale is going on, a market-bug is ongoing, the ingame drop rate was increased/decreased, legal issues about things related to the CSGO market (e.g., betting) etc.

Q: If I create a new Steam account, what do I have to do in order to transfer items to that account? How long does this take?

A: Create a new account, log in (via the thick client), set up your profile, enable Steam Guard, wait 15 days, and transfer the items to the account from your main (double check that it is your account). If you intend to use the thin client (e.g., via Chrome), make sure that you log in from there as well because Steam will impose a 7 day trade restriction on your account when you attempt to create a new transaction from a new device (a device meaning a new browser). Also, if you do not have mobile authentication enabled on the alt account, there will be a 3 day delay for trades. You can use the same phone number & email address for many Steam accounts. Also, Gmail forwards emails addressed to your account even if dots (.) are added in between the username characters of your email address.

Q: If I create a new Steam account, what do I have to do in order to use the Community Market in that account? How long does this take?

A: Same steps as above, but you need to purchase a game that costs at least $5 or deposit $5 into your Steam wallet (and wait a month) before being able to use the Community Market. Keep in mind that using a new payment method will trigger a weeklong community market ban on your account.

Q: After buying an item from the Steam Community Market, how long do I have to wait until I can sell/trade it?

A: They are sellable immediately on the Market. You need to wait a week until you can trade them to another account.

Q: How are buy orders prioritized once someone sells an item with a price in the buy range?

A: See answer here: Price -> currency -> datetime of order. Apparently, there is some controversy over this. There's the hypothesis out there that this ruleset only applies to weapon listings and that sticker listings work as follows: Price (order qualifier) -> some combination of currency and datetime of order (quantifier)

Q: How do I add over $400 to my Steam Wallet?

A: Buy keys and games with your wallet funds and then create refunds on all those purchases. Redeem Steam Wallet codes. Perhaps you have to use the Steam API to create buy orders with these large amounts of Steam money (u/ursoos). It's needless to be said that this is quite risky.

Q: How do I mass sell items without having to list and confirm them one-by-one?

A: Steam Inventory Helper and Steam Desktop Authenticator (here's how to avoid a 7 day trade ban while transfering the authenticator).

Q: Approx. what fraction of bought containers are actually opened?

A: For all listings, approx. 35%. ~ Two thirds (with a large variance) for sell order prices higher than current buy order prices, while the follow-up indicates 60% of high sell orders. For sell listings that are fulfilled immediately: unknown, but probably much lower. If we assume that they are 0, and that the number of either type of fulfilled sale is equal, we get 33%. This study predicts 20-25%

Q: Help! I listed to many items and my Steam market page won't load any longer. How can I access the listed items?

A: Try to give it some time to load. If that doesn't work, this might work. Additionally, try to load the specific item page of the item that you've listed so many of. If all else fails, perhaps you can access/cancel the items with a Javascript script. As a last resort, you can wait six (or 12?) months until the listings are automatically cancelled or contact Steam support.

Credits

bluechops: FAQ 1.0 hotshowerscene: Item categories 1.0 Steamfrag: Discontinued items 1.0

Changelog

2016-05-24 Added changelog, referenced a thread with interesting stats in the first section 2016-05-24 How many items can I hold in my inventory? Linked the quick trade trick. 2016-06-15 Added FAQ element on SCM market page not loading. 2016-06-16 Changed references saying that Sticker Capsules do not drop. Added reference to Javascipt source which is potentially able to remove listings in case pages do not load. 2016-06-22 Added http://195.154.110.156/charts/items/ to websites 2016-06-24 Added more information to How do I add over $400 to my Steam Wallet? 2016-06-28 Added revolver case to rare drops 2016-07-03 Added more info to "Why did item X increase/decrease in price?" 2016-07-04 Minor formatting 2016-07-05 More info added to the question about listing and confirming items to sell on SCM 2016-07-07 Grammar 2016-07-17 Added the Q&A on Steam tax 2016-07-21 Added more clarification to Why did item X increase/decrease in price?, added Falchion to rare drops, added all kinds of references to OPskins-SCM arbitrage opportunities, and an extension that shows discount% on OPskins items 2016-07-22 Added Q&A regarding what currently drops. 2016-08-27 Qualified the tl:dr in the first question, added Shadow Case to rare drops, added tips for SCM buyin/cashouts at the respective questions. 2016-09-06 Added http://beta.csgro.com/ to links 2016-09-18 Create high buy orders to items priced out of SCM, added more realistic warning at the bottom of thread 2016-10-04 More clarifications to Create high buy orders to items priced out of SCM 2016-10-25 Added indications that retired in-game sticker offers returned as rare offers 2016-10-25 Added Wildfire case as rare drop 2016-12-06 Added more software links 2016-12-10 Case opening probabilities 2017-01-14 Added link to steamfrags item availability chart 2017-03-16 Added Chroma 2 to rare drops 2017-09-23 Added Chroma 3 to rare drops 2017-09-23 Added Operation Hydra Case to discontinued drops
Please notify me of potential corrections and suggestions. Any of the information in this thread may be outdated at any given time; invest at your own risk. You should be psychologically prepared to lose everything invested in CSGO items. Valve is very fickle with regard to rules and regulations that could affect the SCM, the CSGO game, general Steam item management, and anything related.
submitted by Helicobacter to csgomarketforum [link] [comments]

A gambling exchange is refusing to honour my bet, resulted in £4,400 loss.

Firstly I should probably explain a bit more about what I do before I get stuck into what exactly happened. I am a hobbyist sports trader and hedge bets on correct scores in game as well as benefiting from arbitrage betting in which you bet for and against a team at the same time to take advantage of the potential profit in the difference in odds. It is a form of gambling but with very little actual risk i.e. the risk of adding extra digits or not “backing” or “laying” the correct bet. I am very careful and have until this incident made a consistent profit.
In my case I backed (bet for) Man united with £4,500 at odds of 2.05
&
Attempted to lay (bet against) Man united on the exchange with £4,400 at odds of 2.0
I’ve done this hundreds of times before and my bet showed as was matched in the top right hand box of the user interface on Smarkets; however the site started having difficulties and my account information was not accessible. Yet my bet continued to show as fully matched and the liquidity and odds when I placed it were what you’d expect and what other exchanges offered.
I was still worried though as Smarkets continued to go on and offline and I tried multiple times to contact them to confirm my bet was definitely matched. If at any time they’d replied to me I would have been able to lay the team off (at a huge loss admittedly) at another exchange.
The bet appeared as matched and so I thought that’s all that matters- until several hours later when (I was finally able to get access to my account information) that I found it wasn’t.
https://imgur.com/4t7NeBQ
The information in my account info showed that the bet was placed and then cancelled (by the exchange) twenty minutes into the game (market halted). This is very odd as the odds I placed the lay at were the going lay rate at all exchange and the market would have been halted normally within seconds on the match having started.
I won’t talk about how it feels to lose £4500 (remember I backed the team at a bookie) it’s pretty shit, but now I just need to know whether I’ve a hope in hell of getting even a penny of it back.
I contacted Smarkets the same day and over the last week they’ve slowly responded to everything I’ve said with some copy and paste crap about how sorry they are and how they want to improve the site. The only time I ever got anything semi related to my case was when I showed them how my bet was matched and they responded that the bet is only definitely matched if it appears in your account information.
My argument against them would be several-fold:
  1. Firstly the information in my account info was not available until that evening and the only information I had to go on was the active bets section that clearly showed my bet as having been fully matched.
  2. The bet I placed should have been matched at those odds all the exchanges offered similar odds to lay the bet and Smarkets in an email to me confirmed that the odds available were the same as what I had layed.
  3. Smarkets had huge issues that day and refunded numerous other users for the exact reason as me. Surely this is precedent? They acknowledged that the site had difficulties,that members lost money and choose to refund some of us.
  4. Smarkets were negligent in keeping their website online knowing that members could be misled by their user interface. They also did not reply during the several hours I attempted to contact them regarding this issue when I still had time to salvage the problem.
But I am really not sure if any of this will be good enough. Smarkets refuses to help and I am not sure if the gambling commission will be much use either. But with such a huge lose I’d be prepared to pay legal fees to even recover even a fraction of it.
Also I know that some people will no doubt berate me for what they see as gambling my money and yes there’s always some risk involved but this is similar to paying money into an overdrawn bank account, that bank account showing that it’s in credit but then finding a few days later that you’ve been charged huge overdrawn fees as the money wasn’t added. I did everything right but still lost money.
Sorry this was such a long post! If anyone manages to trawl through that and can offer any help or advice it’d really mean alot to me.
submitted by HelpwithSmarkets to SoccerBetting [link] [comments]

A gambling exchange is refusing to honour my bet, resulted in £4,400 loss.

Firstly I should probably explain a bit more about what I do before I get stuck into what exactly happened. I am a hobbyist sports trader and hedge bets on correct scores in game as well as benefiting from arbitrage betting in which you bet for and against a team at the same time to take advantage of the potential profit in the difference in odds. It is a form of gambling but with very little actual risk i.e. the risk of adding extra digits or not “backing” or “laying” the correct bet. I am very careful and have until this incident made a consistent profit.
In my case I backed (bet for) Man united with £4,500 at odds of 2.05
&
Attempted to lay (bet against) Man united on the exchange with £4,400 at odds of 2.0
I’ve done this hundreds of times before and my bet showed as was matched in the top right hand box of the user interface on Smarkets; however the site started having difficulties and my account information was not accessible.
Yet my bet continued to show as fully matched and the liquidity and odds when I placed it were what you’d expect and what other exchanges offered.
I was still worried though as Smarkets continued to go on and offline and I tried multiple times to contact them to confirm my bet was definitely matched. If at any time they’d replied to me I would have been able to lay the team off (at a huge loss admittedly) at another exchange.
The bet appeared as matched and so I thought that’s all that matters- until several hours later when (I was finally able to get access to my account information) that I found it wasn’t.
https://imgur.com/4t7NeBQ
The information in my account info showed that the bet was placed and then cancelled (by the exchange) twenty minutes into the game (market halted). This is very odd as the odds I placed the lay at were the going lay rate at all exchange and the market would have been halted normally within seconds on the match having started.
I won’t talk about how it feels to lose £4500 (remember I backed the team at a bookie) it’s pretty shit, but now I just need to know whether I’ve a hope in hell of getting even a penny of it back. I contacted Smarkets the same day and over the last week they’ve slowly responded to everything I’ve said with some copy and paste crap about how sorry they are and how they want to improve the site.
The only time I ever got anything semi related to my case was when I showed them how my bet was matched and they responded that the bet is only definitely matched if it appears in your account information.
My argument against them would be several-fold:
  1. Firstly the information in my account info was not available until that evening and the only information I had to go on was the active bets section that clearly showed my bet as having been fully matched.
  2. The bet I placed should have been matched at those odds all the exchanges offered similar odds to lay the bet and Smarkets in an email to me confirmed that the odds available were the same as what I had layed.
  3. Smarkets had huge issues that day and refunded numerous other users for the exact reason as me. Surely this is precedent? They acknowledged that the site had difficulties,that members lost money and choose to refund some of us.
  4. Smarkets were negligent in keeping their website online knowing that members could be misled by their user interface. They also did not reply during the several hours I attempted to contact them regarding this issue when I still had time to salvage the problem.
But I am really not sure if any of this will be good enough. Smarkets refuses to help and I am not sure if the gambling commission will be much use either. But with such a huge lose I’d be prepared to pay legal fees to even recover even a fraction of it.
Also I know that some people will no doubt berate me for what they see as gambling my money and yes there’s always some risk involved but this is similar to paying money into an overdrawn bank account, that bank account showing that it’s in credit but then finding a few days later that you’ve been charged huge overdrawn fees as the money wasn’t added. I did everything right but still lost money.
Sorry this was such a long post! If anyone manages to trawl through that and can offer any help or advice it’d really mean alot to me.
submitted by HelpwithSmarkets to UKPersonalFinance [link] [comments]

A gambling exchange is refusing to honour my bet, resulted in £4,400 loss.

Firstly I should probably explain a bit more about what I do before I get stuck into what exactly happened. I am a hobbyist sports trader and hedge bets on correct scores in game as well as benefiting from arbitrage betting in which you bet for and against a team at the same time to take advantage of the potential profit in the difference in odds. It is a form of gambling but with very little actual risk i.e. the risk of adding extra digits or not “backing” or “laying” the correct bet. I am very careful and have until this incident made a consistent profit.
In my case I backed (bet for) Man united with £4,500 at odds of 2.05
& Attempted to lay (bet against) Man united on the exchange with £4,400 at odds of 2.0
I’ve done this hundreds of times before and my bet showed as was matched in the top right hand box of the user interface on Smarkets; however the site started having difficulties and my account information was not accessible. Yet my bet continued to show as fully matched and the liquidity and odds when I placed it were what you’d expect and what other exchanges offered.
I was still worried though as Smarkets continued to go on and offline and I tried multiple times to contact them to confirm my bet was definitely matched. If at any time they’d replied to me I would have been able to lay the team off (at a huge loss admittedly) at another exchange.
The bet appeared as matched and so I thought that’s all that matters- until several hours later when (I was finally able to get access to my account information) that I found it wasn’t.
https://imgur.com/4t7NeBQ
The information in my account info showed that the bet was placed and then cancelled (by the exchange) twenty minutes into the game (market halted). This is very odd as the odds I placed the lay at were the going lay rate at all exchange and the market would have been halted normally within seconds on the match having started.
I won’t talk about how it feels to lose £4500 (remember I backed the team at a bookie) it’s pretty shit, but now I just need to know whether I’ve a hope in hell of getting even a penny of it back. I contacted Smarkets the same day and over the last week they’ve slowly responded to everything I’ve said with some copy and paste crap about how sorry they are and how they want to improve the site. The only time I ever got anything semi related to my case was when I showed them how my bet was matched and they responded that the bet is only definitely matched if it appears in your account information.
My argument against them would be several-fold:
  1. Firstly the information in my account info was not available until that evening and the only information I had to go on was the active bets section that clearly showed my bet as having been fully matched.
  2. The bet I placed should have been matched at those odds all the exchanges offered similar odds to lay the bet and Smarkets in an email to me confirmed that the odds available were the same as what I had layed.
  3. Smarkets had huge issues that day and refunded numerous other users for the exact reason as me. Surely this is precedent? They acknowledged that the site had difficulties,that members lost money and choose to refund some of us.
  4. Smarkets were negligent in keeping their website online knowing that members could be misled by their user interface. They also did not reply during the several hours I attempted to contact them regarding this issue when I still had time to salvage the problem.
But I am really not sure if any of this will be good enough. Smarkets refuses to help and I am not sure if the gambling commission will be much use either. But with such a huge lose I’d be prepared to pay legal fees to even recover even a fraction of it.
Also I know that some people will no doubt berate me for what they see as gambling my money and yes there’s always some risk involved but this is similar to paying money into an overdrawn bank account, that bank account showing that it’s in credit but then finding a few days later that you’ve been charged huge overdrawn fees as the money wasn’t added. I did everything right but still lost money.
Sorry this was such a long post! If anyone manages to trawl through that and can offer any help or advice it’d really mean alot to me.
submitted by HelpwithSmarkets to LegalAdviceUK [link] [comments]

Some of my big concerns with bitcoin in the wake of Silk Road, from an experienced real world trader fairly new to the bitcoin concept.

There are many things about this I could go into after commenting, studying, reading, and thinking much about bitcoin and silk road today (after hearing about it some time ago).
Few thoughts:
I think a lot of the technology & cryptography geniuses (not being sarcastic) involved in bitcoin and various spinoff ideas need to study markets, trading, fiscal policy and currency in depth. Especially the history of trading. See a book called "Extraordinary Popular Delusions & The Madness Of Crowds", among others, for example. See the internet bubble late 90s/early 2000s. See the Mortgage crisis, where risky mortgages were packaged as safe ones. Many many examples throughout history going back to the invention of money. The many flaws in the current bitcoin system are fairly clear to me as an experienced trader in the "real world".
One main red flag thing to look into is "how easily can I cash out my bitcoin holdings for real US/Euro/Pound currency if I need/want to." Seems extremely illiquid on the cashing out side (similar to how some sports betting and poker sites have been in the past). A true "run on the bank" would cause immediate panic and market shutdown -- look at the what the "flash crash" did today to the infrastructure of the bitcoin market, not to mention the prices. And a lot of "banks" would disappear into the night, not redeeming/cashing out.

2 Was there ever a currency, commodity or anything else that was issued with a strict calendar time limit of when they would stop producing it? That inherently promotes hoarding and artificially boosts the value. Why would you spend the currency on goods instead of saving/investing it, if the supply is limited and will eventually stop (because it is then destined to be in shortage). The only place really worth spending it is illegal markets that don't accept credit cards and established currency. It likely will collapse on its own weight, otherwise 1 bitcoin would end up equaling $1 million or $1 billion or more (good luck cashing that out for real legal goods or an accepted currency). Talk about inflation. It actually reminds me more of a global electronic version of Beanie Babies and baseball cards that were issued in strict limited edition amounts - not a currency. You could perhaps compare it to diamonds (rather then gold), where a couple of producers attempt to strictly limit the supply each year in order to (in my view) artificially maintain high prices) -- but diamonds are a beautiful rare gem (and a real thing) that has held value over time (and women like them, they are sparkly).

3 Despite the bells and whistles of the various entrepeneurial websites, the regulations and rules that make for organized stock/bond/currency markets around the world are not present at all in the bitcoin "market". Among other things, there are no put options available to bet on downside, no short selling, no margin, no interest rate on holdings (that might be a good thing) ... but the biggest problem is no liquidity, oversight and established legitimate places of trade. Hence why "exchanges" and websites go belly up, are fraudulent, get hacked, have 7 day delays when the market gets busy, etc. There are prices 10%, 20% different on different websites at the same time ... not to mention the massive (and probably hidden) buy/sell spread price these "exchanges" are charging. In modern world liquid markets trading, any real arbitrage is usually immediately closed for example.

There's much more I could pick apart in it, but I'm tired. Bottom line is that currently bitcoin is a wild west hacker's and scammer's paradise and buyer beware (if you ever want to cash out). Creating a virtual mountain of virtual gold out of thin air that is pre-determined to be "tapped out" of gold in 40 years (or whenever) sounds like the Wizard of Oz to me.
If you want to appoint me as the Jessie Livermore / Alan Greenspan / SEC Commissioner / Warren Buffett / Goldman Sachs of the bitcoin world, I would consider it, but payment only in real world currency :D
submitted by rufusjonz to Bitcoin [link] [comments]

Sports Betting Tools and Resources

Overround and Probability Calculator
With this calculator you can work out the book % and sportsbooks overround for any betting market. This means you can check if a sportsbook is giving you good value odds and you can check whether arbitrage opportunities exist across different sportsbooks.
Odds Conversion Table With Probability
Conversion table with decimal odds, fractional odds and US odds and to see odds expressed as probability.
Sports Betting Videos
Hours of in depth and intelligent content about sports betting from real experts and industry insiders.
Betting Rules
An explanation of what gamblers should look out for in a sportsbook’s betting rules and T&Cs as well as what is meant by Las Vegas Rules.
Glossary of Sports Betting Terms
The meaning of hundreds of sports betting terms used by Australian, UK & US sportsbooks and gamblers.
Useful?
submitted by yeh-nah-yeh to sportsbook [link] [comments]

[Table] IAmA business school professor and former Fed & White House economist. AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2013-12-05
Link to submission (Has self-text)
Questions Answers
The protestors in the other IAmA are catching a lot of shit for saying the minimum wage should be $15.00. What do you think the minimum wage should be? On the questions of what the minimum wage should be and what the effect would be on fast food industry... We are having the conversation about minimum wage for two reasons: First, the level of income, and second the disparity of income. A 40 hour minimum wage job puts a single person at about $15000 per year, about 1/3 of what the median household income. At least as important, though, is the widening income disparity between the top and bottom of the income distribution. Increasing the minimum wage will help increase the level, and will move but will do little, really, to change the overall distribution. I suspect that the minimum wage will never be the 'living wage' that some wish it would be.
Also, what is your favorite Christmas song? On the Christmas Song (the easier question): Deck the Halls.
With the current US debt topping $17 trillion, is it inevitable that we are destined to follow in Greece's footsteps? If not, what steps do we have to take to avoid Greece's fate? The key to avoiding becoming Greece is to keep innovating (note the thread below on falling R&D.. .which is not the way to go). Debt is not an issue so long as the capacity of the economy to repay the obligations is rising... this is why innovation is important.
Hello Mrs. Mann, Wouldn't you agree that then we (the people) should encourage our government to fund science, technology as the driving force of our economy? Government funding of basic research, including through academic institutions, is catalytic to private sector R&D.. so yes.
I like how you cite innovation as crucial to avoiding the fate of Greece while dismissing truly astounding innovation as "only moderately good." Not sure what the quotes apply to?
Of course, nourishment from the parasite is crucial to the growth of the host. It makes so much sense now. Thanks Doc! Symbiosis, not parasitic.
Dr. Mann, I'm not one for economics and the like, so I'll ask a fun question. Why choose? Watch it on both holidays.
With the holiday season quickly approaching, do you think Tim Burton's The Nightmare Before Christmas is a Christmas movie or a Halloween movie? I just can't seem to figure it out. See this link for more: Link to macroblog.typepad.com
Also, how do you feel about notable decreased spending in the sciences that has become the norm in the US? As a chemist, I've noticed a decreasing size of proverbial "pie" going around, especially with government funding. Federal funding cuts on account of sequestration. Private R&D is now more important, but over the last 5 years, has been falling due to recession/slow recovery. Smart firms are spending money on innovating (the R in R&D), but most firms are waiting for demand to materialize (why do any of the D in R&D if there is no demand?).
What are your thoughts on BitCoin? Don't buy now! In some respects like any asset (price goes up and down). In some respects like gold (mined, anonymous). But, not clear about its long-term value... will a broad class of economic players want it? In terms of BitCoin as money'-- money has three uses: unit of account, means of exchange, store of value. Bitcoin is only moderately good at any of these.
Hi Prof Mann..I took your Intl Finance class few years back. I was grateful to learn from a real world economist rather than textbook economists. Hope all is well! Q. What do you think about the massive bubble in the US stocks ? Looks like there will be a sharp drop once the Fed pulls out of QE. How will that affect the Main Street? Good to hear from you... hope you are doing something fun. Main St has not generally gained all that much from the last couple of rounds of QE -- bank credit remains sluggish, and most Main Street individuals do not own a lot of stocks: See NYtimes Economix:Link to economix.blogs.nytimes.com
What is the biggest misconception about the national economy you see on a regular basis? That the budget deficit at zero should be the objective.
Hi there! It's Kathryn Peyton. Hope you are well. John Hussman says QE is a cheap parlor trick. What do you think? Are we ever going to have interest rates again? If not, what happens to pensions? Hi Kathryn, QE is not a parlor trick, more like a ponzi scheme for the equity market (see other thread on asset bubbles), and for the hedge funds that are trading US Treasuries in the CFCs (Caymans). The best way to get to positive interest rates would be for the Washington policy crowd to stop back-biting. Simply reducing the uncertainty and vitriol would enable consumers and business to go about what they should be doing, and positive economic news would llow the Fed to remove the exceptional policy.
Having worked at both the Fed and the WH, how much influence do you believe the President has over the economy? Congress writes legislation and passes the budget (or used to... they haven't done either recently), which gives the President less power than it might seem.
How should the U.S. government address the increasing income disparity, if at all? Income disparity is partly on account of policy choices, therefore, different policy choices would lead to a different distribution of income... the current distribution of income is not in the best interests of the US economy as a whole.
Do you believe the regulations enacted after the Great Recession will prevent a similar collapse in the future? Dodd-Frank is not Glass-Stegall... Financial institutions have a great ability to arbitrage rules. With that many rules there are that many arbitrage opportunities.
Then what is or should be the economic role of the President? President proposals are big think.
What kind of income distribution would you like to see and what policy choices would get us there? Income distribution of the 70's-90's was different... and over the whole decades, economy grew faster.
Then do you believe we should deregulate the financial industry? No, I don't believe we should further deregulate. My point is that very complex set of rules and regulations is unlikely to achieve the objective of a transparent and safer financial system.
They get criticized by some as "horrible, oppressive, gender-biased, and a tool to protect for the Western elite.". Do you reject these? On Prebisch-Singer (that manufactured goods prices rise relative to commodity prices over time): the empirical evidence for the long-term is pretty clear.. you want to be in manufacturing (or actually services these day...see Balassa-Samuelson). However, there can be relatively long periods (a decade) where P-S does not hold. Can a resource-rich country use that period of time to diversify is production away from the single resource, so that when P-S holds again the country has sufficient support for a broad-based development?
Do you think that it is possible for the government to identify asset bubbles? If so, do you think the government ought to take an active role in deflating/popping/counteracting asset bubbles? A number of years ago (before the financial crisis), I was at the Jackson Hole Central Bank fest. At that time, other policymakers (esp. Japan) focused on how to pop asset bubbles because they had learned that they did not have the capacity to 'clean up the mess'. The US policymakers preferred to allow the bubble to proceed because of the potential upside of the bubble (funding new ideas), and there was the belief that we could clean up any mess (and we had done pretty much OK following the 2001 tech bubble).
How can the Fed "manage an economy in which the zero nominal interest rate is a chronic and systemic inhibitor of economic activities, holding our economies back below their potential"? Larry's thesis focuses on the interest elasticity of business investment, whereas these days more important is the consumer demand elasticity of business investment. I suggest that we need to rethink the role for bank credit and how that might be related to consumer demand. The lower interest rate helps the large and global to borrow (which they have done to pay dividends and buy back stock), but not to hire workers and create consumer demand. The lower interest rate has not helped small local firms because banks won't lend to them. Therefore, no credit, no hiring, no consumer demand. Creating positive feedback loop at the small local level could support a broader based recovery... but this is not based on low interest rates, but on availability of bank credit.
Do you see the business scape changing? What new opportunities and challenges will MBAs or finance grads face in the next 5-10 years? Are your students' pursuits different than pre-recession grads? Numbers numbers numbers... Look into big data, marketing, and any type of structural analytical thinking.
Prof. Mann, what's your thought on China's banking system? Can I say that it sacrifices efficiency for the sake of stability? Chinese banking sacrifices efficiency and is headed toward sacrificing stability.
What are your thoughts on a Universal Basic Income in the US? Specifically: Do you think it would be a net positive to the US economy and how soon and how difficult do you think it would be for this country to enact such a policy? Switzerland in October voted in this direction. US is not likely ever to do so.
Zero interest rates for nearly a decade? Quadrupling the money supply in a few short years? Financing 70% of gigantic US federal deficits by just adding electronic zeroes to the federal government's accounts at the Fed? Responding to the massive destruction caused by US government-induced asset bubble by re-inflating that same asset bubble and inflating several other simultaneous asset bubbles? This can't possibly end well, can it? I think we are trying to end it with a whimper not a bang. But, volatility for sure.
What are your thoughts on offshoring? The work that I am doing now suggests that the globalization of the supply chain (another phrase for off-shoring) is pulling back. In the past, firms only focused on the mean (e.g. average cost) gain to offshoring. Now, they are also focused on sigma (the uncertainty about how long it takes to get product) and well as the black swan event such as Thai floods, Fukasima, Bangladesh factory collapse, and other catastrophic events to both inputs and reputation. So, the mean gain is being reassessed in light of uncertainty and the black swan event... bringing at least some of the activity back home.
What career choice would you advise in a flat world? On careers-- the world is anything but flat. Consumer preferences are becoming more heterogeneous in all dimensions. Think about what your talents to meet heterogeneous demands... these are the new products.
Hi, and thanks for the AMA. With regard to a career that balances policy making and academia, do you have any advice for a new graduate who would like to head down this road, however is not necessarily a prize-winning/scholarship student? Policy-making and academia work well together, especially from a teaching perspective. Policy experience makes for good classroom discussion. Go work in Washington (or wherever your capital is) and then draw some generalizations (e.g. come out of the trenches for a while) and write a blog or set of articles as a start on an academic resume.
Do you have a sense (/guess) about whether the dip after the postwar boom is the new normal or not? Can we get back to sustained and sustainable growth, or was the boom an anomaly? Is this a question about whether 2.25% is the new normal for the US? (Not sure about which post-war time period). This is a normal predicated on the policy set we have now. Change the policy set and I see a burst of business and consumer demand that will support innovation and a virtuous cycle back toward 3%... at least I'm hoping.
China's investment into American sovereign debt leads many to call it 'Chimerica'! How intertwined are these two economies? How much is China's currency war hurting the American exports? Importantly related, but probably less intertwined than most people think. Yes, China owns a lot of US treasuries. But China actually exports more to Europe than to the US at this point.
Professor, I go to Bentley University just on the other side of town. Thanks for doing an AMA. I was wondering what your thoughts are the governments decision to subsidize green technology companies, such as Tesla, which until recently (Q1 of 2013 for Tesla) have been unable to produce any profit? Will these subsidies be effective you think in promoting green technology and eventually leading to a change at the industry level? Research into technologies is a better strategy than picking firms that use the technologies... the problem with subsidizing a firm is that the funding is a bet not only on the technology but on the firm's managers. Leave that joint-bet to venture capitalists.
What is your opinion of QE3 and if it is negative, what do you think is a more effective strategy to restart economic growth? What do I think of QE3 -- The objectives of the fed policymakers are stable inflation and low unemployment (what used to be termed sustainable long-term growth). They are operating in an environment where fiscal policy has been severely negative, which pushed them into QE3 and further, led to the non-taper in September. The collateral costs of QE3 (effects on the UST auction market and to cross-border capital flows in UST are significant), as well as the equity price increases (see other thread) are rising relative to the (any) benefits for employment. As for alternatives, purchasing packages of SBA loans (rather than UST and in addition to mortgages would have been an alternative, and might still be the way to go. The issue is that QEs have done little to encourage bank lending (non-auto, non-mtg). The UK Fund for Lending is another approach, although I would prefer an asset-back strategy to direct lending.
Is there any evidence to suggest that productivity improves in times of recession? Productivity: two types... short term and long-term, and labor vs. total factor. In the short-term, labor productivity is pro-cyclical as firms lay off labor (on the way into recession) and do not hire immediately (on the way out of recession).
In the long-term, labor productivity and total factor productivity are positive with economic growth... indeed the foundation for growth... longer term, R&D (we keep coming back to that) complements labor (not all labor, but many types of labor) and is the basic foundation for long-term capacity of the economy to growth (and handle the debt, see the Greece question above.)
Dear Prof. Mann, do you think that the Fed will definitely taper the QE? With your working experience in the Fed, do you see that the Fed ever take into consideration the impact of their policies towards the rest of the world? See above on taper-timing.
Fed does take account of ROW, and increasingly so given the rising role for trade in GDP and capital flows in US investor returns. But, the first attention (and traction for policy) has to be a US focus.
Is it worth it to get an MBA if I'm a computer scientist? And what do you think of the EGADE Business School, in Mexico? One of my former students who is at EMC says she can't hire enough computer scientists who are also business literate, and are data jockeys. Do you know hadoop?
What are the alternatives to monetary and fiscal policies in the US if they dont produce the growth we're expecting it to? Pray?
When you worked for the White House, where did you usually have lunch? Do the President's Council of Economic Advisers actually meet with and advise the President? Do you like sports cars? Lunch -- at desk. Yes meet and advise. sports cars -- drive a 1990 Miata... not clear that classifies as a sports car anymore.
When do you see the fed raising interest rates? Raising interest rate -- a long way off. Tapering to start mid-next year when the Fed does the Humphrey-Hawkins testimony. Don't want to have to discuss tapering at the press conference after the FOMC... that didn't work well last time.
What exactly is the Fed purchasing via quantitative easing, and what will the fallout be when it stops making those purchases? $85 billion a month, about half purchases of UST in the secondary market and about half purchases of mortgage backed securities.
Reducing the amount of such purchases is the so-called taper.
This morning I found out that Americans would have to spend $7 on a gallon of milk because of the inability of congress to reach consensus on yet another bill. What are the economic challenges that the next year will be if the senators still can't play nicely together by the end of December? And, following the holiday spirit, favorite holiday treat? The farm bill is one of those stuck in Congress. Next year will bring more Washington gridlock challenges -- no budget, more $$ of sequestration than last year, and another debt ceiling debate. The folks who are forecasting 3% growth for next year... I don't see how they get to those numbers. Consumption growth revised down this morning. Business investment still barely positive. Export growth revised down. This is not a recipe for 3% in 2014.
Do you think the Federal Reserve is causing issues more than helping? See above.
Professor: What is your opinion for higher skilled worker migrants? What is benefits for the sending country? High skill worker migration can benefit sending country in short-term with returning remittances and in the longer term as a returnee with global skills and contacts.
Do you invest in the stock market? If so what stocks do you have, and why? // If not, how come you dont? I'm not a stock picker.
Hmm let's see.. minimum wage has been in the news recently, do you see a conflict with resolving people's concerns with a livable wage and keeping American industry from leaving the country? (a further exodus in any case) If so, how can the current administration solve that problem at the federal level? Note thread above on why US firms (at least some of them) are rethinking offshoring.
If we did as the protesters are asking and granted all fast food workers a raise to $15/hour, what effect do you think that would have on the fast food industry? See above.
How hard did you laugh at the Trillion Dollar Coin idea? A lot.
How am I supposed to pay for college when all my nightshift money is going towards food and transportation to get to the internship which doesn't even pay me for my labor, despite the fact that my boss is "gonna be rich" because of me? I'd suggest a reevaluation of the internship choice.
Pretty sure we should shoot for a budget surplus, to pay back some of the $17+ trillion that we owe. Better to innovate, and grow out of the debt burden
Hi Professor! Thanks for the A- in your class (I think), hope all is well. Hope you are having fun where ever you are.
...former Fed & White House economist. AMA! I'm sure people will ask you things, but with those credentials you probably don't know any answers. A good discussion on thought process can be useful to arrive at answers...
Last updated: 2013-12-09 20:57 UTC
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