Soldato
- Joined
- 13 Jul 2004
- Posts
- 20,341
- Location
- Stanley Hotel, Colorado
Problem with real cash exchange is the trust element. You are known here and mm is well established so I imagine that is the best or easiest route.
People do build up reputations on that Reddit section and other places. Theres a mod on twitch I know from a few channels, well known who retails keys to all the streamers at bulk prices and he has made thousands in arbitrage and facilitating deals. He insists he never puts money into steam
I just mess around with the bottom end trash skins but the way I would or can get cash is losing a bet (with skins) but winning the other side of the bet with bitcoin or possibly cash if we talking bigger amounts.
So effectively you have sold the skin for cash just like that and its the worst skins I dump but nobody cares as they just bet it again.
However there is arbitrage risk and it messes up sometimes, I bet WFX vs C9 last night and one website just said 'oh its delayed 3 hours, well Im off the bed so all bets closed' so I end up with a one way bet and unfortunately WFX slipped after 1 map win as they do and c9 +swag took my skins. But it was only junk, no biggy but theres risk there.
My mistake was to bet too early, though rushing last moment is hardly safe either, I could have switched it to C9 and I did think they'd take it but various bet sites said wfx was a maybe win so I took the punt. They are improving but swag is amazing tbh
In comparison from the statistics side, roulette wheel type sites are awful odds and house advantage destroys regular players. There is no hedging possible or skill to judge, that is a lottery type deal. Boring to say but lotteries in UK or USA are a form of taxation. moe 28k
People do build up reputations on that Reddit section and other places. Theres a mod on twitch I know from a few channels, well known who retails keys to all the streamers at bulk prices and he has made thousands in arbitrage and facilitating deals. He insists he never puts money into steam
I just mess around with the bottom end trash skins but the way I would or can get cash is losing a bet (with skins) but winning the other side of the bet with bitcoin or possibly cash if we talking bigger amounts.
So effectively you have sold the skin for cash just like that and its the worst skins I dump but nobody cares as they just bet it again.
However there is arbitrage risk and it messes up sometimes, I bet WFX vs C9 last night and one website just said 'oh its delayed 3 hours, well Im off the bed so all bets closed' so I end up with a one way bet and unfortunately WFX slipped after 1 map win as they do and c9 +swag took my skins. But it was only junk, no biggy but theres risk there.
My mistake was to bet too early, though rushing last moment is hardly safe either, I could have switched it to C9 and I did think they'd take it but various bet sites said wfx was a maybe win so I took the punt. They are improving but swag is amazing tbh
In comparison from the statistics side, roulette wheel type sites are awful odds and house advantage destroys regular players. There is no hedging possible or skill to judge, that is a lottery type deal. Boring to say but lotteries in UK or USA are a form of taxation. moe 28k
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