Old guy Posted May 18, 2012 Posted May 18, 2012 I am interested and would like to bet my entire balance (8 billions +) on the next match here. What is the premium for me and how much money will I get back in case I lose? Please provide figures for both teams.. i.e RR and DC. Good initiative. :nice: my idea :((
Magneto Posted May 18, 2012 Posted May 18, 2012 I am interested and would like to bet my entire balance (8 billions +) on the next match here. What is the premium for me and how much money will I get back in case I lose? Please provide figures for both teams.. i.e RR and DC. Good initiative. :nice: This is apparently a scam :secret: Someone else's idea :omg: Sabby down there wants justice :protest:
gaurav92 Posted May 18, 2012 Author Posted May 18, 2012 I am interested and would like to bet my entire balance (8 billions +) on the next match here. What is the premium for me and how much money will I get back in case I lose? Please provide figures for both teams.. i.e RR and DC. Good initiative. :nice: Thanks Tdigz for showing initiative. But mention the team on which you will place the bet, depending on which I will decide the premium and the fixed percentage of payout. A portion of your balance will be kept by me as a premium. So the actual money that you will bet is the (current balance - premium). If the outcome is opposite, you will be paid as a percentage of the amount bet by you. :icflove:
Old guy Posted May 18, 2012 Posted May 18, 2012 Idea is nothing without a devised plan on paper :D Sirf insurance ka idea dena aasaan hai, but usko apply karke implement karna for ICF is tough which I did, so no freebies for you :beee: Go on a hunger strike/protest. I'll support you. Just provide me with some evidence that you're speaking the truth. what more evidence do u need ? ;P anyway my head is really hurting right now need to sleep :(( later people ok gaurav here is the deal.. its nothing for u anyway and no need to pay royality :P just cover my games freely if i win u have no loss even if i lose itsn othing compared to royalties u gotta pay me :orderorder:
Nova Posted May 18, 2012 Posted May 18, 2012 I think Sabby should be given proceeds of the first transaction. That would be a one time pay out.
Old guy Posted May 18, 2012 Posted May 18, 2012 I think Sabby should be given proceeds of the first transaction. That would be a one time pay out. justice ! :clap::hatsoff:
Nova Posted May 18, 2012 Posted May 18, 2012 Thanks Tdigz for showing initiative. But mention the team on which you will place the bet, depending on which I will decide the premium and the fixed percentage of payout. A portion of your balance will be kept by me as a premium. So the actual money that you will bet is the (current balance - premium). If the outcome is opposite, you will be paid as a percentage of the amount bet by you. :icflove: In my earlier post, I asked you numbers for both teams.... would like to see both scenarios. Give me figures for premium and how much I will get back! Amount I will bet is 8 billions.
Magneto Posted May 18, 2012 Posted May 18, 2012 justice ! :clap::hatsoff: You gave up on your right for life-time royalty? What a sell-out! :beee:
Old guy Posted May 18, 2012 Posted May 18, 2012 You gave up on your right for life-time royalty? What a sell-out! :beee: to be fair i was jsut kidding anyway gaurav can keep all the money :(( when i become kangaal i was gonna ask him for money anyway :winky::hysterical::hysterical:
gaurav92 Posted May 18, 2012 Author Posted May 18, 2012 In my earlier post, I asked you numbers for both teams.... would like to see both scenarios. Give me figures for premium and how much I will get back! Amount I will bet is 8 billions. Alright. This is just a dummy (not real). The real game will begin from playoffs. Case 1 - you Bet on DC Premium : 300 million Claims Payout ratio : 65% Amount you can bet : 7.7 Billions. Amount you will get in case DC lose : 65% of 7.7 billions (5,005,000,000). Case 2 - you bet for RR Premium : 250 million Claims Payout ratio : 75% Amount you can bet : 7.75 billions. Amount you will get in case RR loses : 75% of 7.75 billions (5,812,500,000). So which side are%2
Magneto Posted May 18, 2012 Posted May 18, 2012 to be fair i was jsut kidding anyway gaurav can keep all the money :(( when i become kangaal i was gonna ask him for money anyway :winky::hysterical::hysterical: :omg: What a drama queen! You should be fined for this! :mad:
Nova Posted May 18, 2012 Posted May 18, 2012 Can you charge a little higher premium and insure me against 100% loss. :) Again please give numbers.
Old guy Posted May 18, 2012 Posted May 18, 2012 :omg: What a drama queen! You should be fined for this! :mad: so should u for every post u make :beee:
Prakat Posted May 18, 2012 Posted May 18, 2012 G92, this is what I meant by full coverage. If I bet 50 millions I need coverage for the entire amount. What is the use of 75% coverage? :dontknow:
Old guy Posted May 18, 2012 Posted May 18, 2012 Alright. This is just a dummy (not real). The real game will begin from playoffs. Case 1 - you Bet on DC Premium : 300 million Claims Payout ratio : 65% Amount you can bet : 7.7 Billions. Amount you will get in case DC lose : 65% of 7.7 billions (5,005,000,000). Case 2 - you bet for RR Premium : 250 million Claims Payout ratio : 75% Amount you can bet : 7.75 billions. Amount you will get in case RR loses : 75% of 7.75 billions (5,812,500,000). So which side are you on ? This is just an example, of course the payout will not be as high as 75%. If it is, then the premiums will be high. All this is negotiable. offtopic do real insurance company too bay jsut 75 percent ?
Old guy Posted May 18, 2012 Posted May 18, 2012 G92' date=' this is what I meant by full coverage. If I bet 50 millions I need coverage for the entire amount. What is the use of 75% coverage? :dontknow:[/quote'] :agree:
gaurav92 Posted May 18, 2012 Author Posted May 18, 2012 Can you charge a little higher premium and insure me against 100% loss. :) Again please give numbers. That can be done :nice: G92' date=' this is what I meant by full coverage. If I bet 50 millions I need coverage for the entire amount. What is the use of 75% coverage? :dontknow:[/quote'] It is negotiable as I said, you can be charged higher premium to cover entire hundred percent. But just as a strategy, I reduce the premium and cover 75% Nope, they may pay in full if the claim is satisfying. They have their inspecting agents who see if the claim is hundred percent permissible.
Old guy Posted May 18, 2012 Posted May 18, 2012 That can be done :nice: It is negotiable as I said, you can be charged higher premium to cover entire hundred percent. But just as a strategy, I reduce the premium and cover 75% Nope, they may pay in full if the claim is satisfying. They have their inspecting agents who see if the claim is hundred percent permissible. thnx for info :D
Nova Posted May 18, 2012 Posted May 18, 2012 That can be done :nice: Details in numbers please. we are getting close to do our first transaction here. :)
gaurav92 Posted May 18, 2012 Author Posted May 18, 2012 Can you charge a little higher premium and insure me against 100% loss. :) Again please give numbers. Alright Tdigz paaji :icflove: Case 1 - you Bet on DC Premium : 700 millions Claims Payout ratio : 100% Amount you can bet : 7.3 Billions. Amount you will get in case DC lose : 100% of 7.3 billions (7.3 billions). Case 2 - you bet on RR Premium : 600 millions Claims Payout ratio : 100% Amount you can bet : 7.4 billions. Amount you will get in case RR loses : 100% of 7.75 billions (7.75 billions).
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