Quote:
Originally Posted by JaySie94
whats sketchy with that?
I am making a clear bet enquiry, with clear conditions which have to be given
Quote:
Originally Posted by dfb89
how slow are you.. if you want to pay from your bank why don't you just transfer money/wire to an escrow before hand, stop acting dumb
He keeps saying his money is in a fixed deposit. I think this would be similar to a certificate of deposit ... so he is getting a higher interest rate, but he can't necessarily withdraw the money until a certain time period elapses (or if he deos perhaps there is a penalty). From what I gather from his posts, I think that is the situation.
I think he is then saying whoever he bets against would escrow the money with a third party and he would arange such that whatever institution he has the account at would be legally obligated to pay such amount of money to the third party rather than to him. That way his betting opponent's money is physically escrowed with the third party and the third party has the legal right to receive his money at a later date.
Personally, I think that even if there is a way for him to get the financial isntitution to do this, the logistics, including drafting (although the financial institution may already have forms that could be used, though I'd recommend reviewing them) and arranging execution of the documents that would likely be necessary may not be worth it for a $12K bet, but I suppose it depends how large you think your edge is.
However, that said, given that the event has already started, I don't think there is enough time to really get all of these logistics completed and even if there, it would have to be a rush job.
*Overly Cautious Disclaimer: None of the above is legal advice and should not be construed as such.*