Finally, they discussed a betting method. Each person would pay $500,000 to guess the winner. The money could be all-bet on one team, or it could be spread across multiple teams.
Before the end of the eighth round, the two of them had to take out all the bet slips totaling US$500,000, notarize them and seal them.
After the finals are over and the champion is chosen, the winner will be determined based on the amount of prize money received by the two players. The loser will pay an additional US$5 million to the other party.
This gambling method combines gambling and off-market betting, so the gaming company invited their superior company, a professional gambling company with a gambling license, to be the referee.
The Mexican branch of Citibank was invited to become a notary and be responsible for the valuation and custody of the bets submitted by both parties.
The reason why a bank valuation is needed is that Ono Kota proposed that he would use a ranch worth 6.5 million US dollars in his name as the bet for this off-market bet.
Sun Dahai didn't have that much trouble. He directly used the US$5 million deposit in his Citibank account as a bet.
As for Ono's bet on the ranch, he doesn't care. Because according to convention, non-cash bets are calculated at a discount, and the general discount rate is 20%.
In other words, even if the bank's valuation of Ono's ranch, which costs more than six million U.S. dollars, is similar to his quote, it can only be calculated as five million U.S. dollars.
Throughout the afternoon, many people were busy with all aspects of this bet. In the second half of the game, almost no one paid attention.
The final score was 3:0, and the superior England team won. Sun Dahai and the others each earned six dollars (Maggie and Alayah doubled).
Battle's additional bet of $500,000 was because it was made during midfield, and the odds were even lower, only 1.2, but he still earned $100,000.
Unfortunately, everyone's attention was attracted by the gambling match between Sun Dahai and Kota Ono, and no one paid much attention to the money won from betting on this game.
Three days later, under the witness of the Mexican branch of Citibank, Battelle and Kota Ono signed a gambling agreement issued by the gambling company, paid the handling fee, and handed over a betting slip worth half a million US dollars.
At this point, the bet between the two officially took effect.
Kota Ono originally didn't have the guts to play such a big game, but when Sun Dahai proposed an off-site bet of 5 million, he was angered by Sun Dahai, and he agreed with his enthusiasm.
In fact, Sun Dahai, such a good person, would certainly not do anything to Ono. He just looked at Ono with contempt and whispered "poor guy" when Ono Kota was thinking about how to refuse.
Ono agreed to off-site betting and had his own ideas. In order to bribe customers during the World Cup, Akikawa Co., Ltd. specially organized a group of professionals to conduct event analysis.
Ono didn't think that the judgments of so many professionals were as accurate as Sun Dahai's alone. So he thought he was pretty sure of winning.
In addition, he also played a trick in the bet.
Garrison Ranch is located in a small town called Celias in Montana, USA. This is the center of Montana, the transition area between the Rocky Mountains in the west and the Great Plains in the east.
The Garrison Ranch covers an area of 9,000 acres, most of which are mountains and lakes. The actual pasture area is less than 2,000 acres.
That's why Garrison Ranch's valuation is so cheap.
This ranch was a coming-of-age gift given to Kota Ono by his grandparents on his 20th birthday six years ago. They bought this ranch not to develop animal husbandry on the grassland.
They bribed a director of the U.S. Geological Survey in advance and learned that there was a high probability that there was an undiscovered copper-rich mine hidden under the mountain at Garrison Ranch.
Therefore, their purpose of buying the ranch is to provide Ono Kota with a source of income. In the future, they may develop the copper mine themselves or directly transfer the mine. If the speculation is successful, they will receive excess returns.
Unfortunately, the ideal is very full and the reality is very skinny.
It was three years after Kota Ono got the ranch that he began to openly look for people to explore. There was indeed a copper-rich mine at the foot of the mountain. Although the location was deep, the reserves were considerable.
The exploration results were very satisfactory, but there was a slight glitch that caused the final results to be very different from expectations.
Slight radioactivity was detected near this copper-rich mine. After sampling and analysis, it turned out to be an ultra-small uranium mine.
This uranium mine has small reserves, low purity, and is located very deep from the earth's surface. However, uranium ore is a raw material for the nuclear industry and an important strategic resource for a country.
The consistent purpose of the U.S. government is to sequester domestic strategic resources and try to import daily needs from abroad.
Therefore, Ono Kota's wishful thinking is completely wrong. Whether it is for resource control or national security purposes, the U.S. government is unlikely to issue a mining license here.
As a result, the Garrison Ranch became a useless property for Kota Ono. He wanted to sell it but couldn't get the price, and he didn't have the ability and confidence to run it himself. Therefore, the ranch could not make ends meet every year, which became a worry for him.
Today, he got excited and agreed to bet with Sun Dahai. In fact, he had already made plans to use Garrison Ranch as a bet.
You know, he has spent millions of dollars in exploration expenses and ranch operation expenses in recent years.
If it weren't for the fact that the ranch had water rights, the hunting and fishing licenses issued by the original owner would still be worth a few bucks. Ono Kota was even tempted to return the ranch to the Montana government.
At present, the ranch only maintains a minimum production scale, and the annual income is not enough to support various taxes and labor expenses. Ono has to add an additional three to five million US dollars.
Speculative trading results in long-term losing investments with no opportunity to turn the losses around.
Moreover, since 1982, the U.S. industrial, manufacturing and technology industries have developed rapidly, and a large amount of capital has been injected into these industries, while funds have been withdrawn from agriculture and animal husbandry.
The small town of Celias is large in area, but not very populated. It is mainly based on animal husbandry, and the town is composed of more than thirty pastures of various sizes.
Since the overall animal husbandry industry is currently in recession, many ranches in Celias Town are currently planning to be sold. Some people want to invest in other industries, while others can no longer operate and are facing bankruptcy and have to sell.
Except for the minerals that cannot be mined, the conditions of Garrison Ranch are not favorable from the perspective of animal husbandry. This also leads to Ono Kota wanting to sell the ranch, so he can only be ranked behind other ranches.
You must know that for buyers, choosing a ranch is not just about price, but long-term sustainable development is the most critical factor.