Bitcoin Forum

Economy => Speculation => Topic started by: whathe12 on March 13, 2013, 04:01:51 AM



Title: Almost 1:1 ratio for a bet on Betsofbitco.in
Post by: whathe12 on March 13, 2013, 04:01:51 AM
http://betsofbitco.in/item?id=1258 is the bet.

Apparently before the fork it was around 5 - 20 with 5 in agreement and 20 disagreeing but after the fork it raised to nearly 80 - 70 with 80 in agreement, but only thing is the price didn't close at $5 down at the end of the day since the drop happened around 2-3 AM on Mt. Gox.

Seems to me whomever bet on disagreement (Red) is going to win big time...


Title: Re: Almost 1:1 ratio for a bet on Betsofbitco.in
Post by: turboNOMAD on March 14, 2013, 05:28:29 AM
Sorry, no easy money. The bet was deleted somewhy, all betters refunded.


Title: Re: Almost 1:1 ratio for a bet on Betsofbitco.in
Post by: Elwar on March 14, 2013, 05:42:17 PM
Ya, I see too many bets that have a bet on something that could happen before the bet closes. That kind of defeats the purpose.


Title: Re: Almost 1:1 ratio for a bet on Betsofbitco.in
Post by: xavier on March 15, 2013, 01:27:08 AM
http://betsofbitco.in/item?id=1258 is the bet.

Apparently before the fork it was around 5 - 20 with 5 in agreement and 20 disagreeing but after the fork it raised to nearly 80 - 70 with 80 in agreement, but only thing is the price didn't close at $5 down at the end of the day since the drop happened around 2-3 AM on Mt. Gox.

Seems to me whomever bet on disagreement (Red) is going to win big time...

Hmm. Could be interesting way to hedge the risk of a crash.

Me wonders if the owner will pay out though.


Title: Re: Almost 1:1 ratio for a bet on Betsofbitco.in
Post by: Spaceman_Spiff on March 15, 2013, 01:48:57 AM
http://betsofbitco.in/item?id=1258 is the bet.

Apparently before the fork it was around 5 - 20 with 5 in agreement and 20 disagreeing but after the fork it raised to nearly 80 - 70 with 80 in agreement, but only thing is the price didn't close at $5 down at the end of the day since the drop happened around 2-3 AM on Mt. Gox.

Seems to me whomever bet on disagreement (Red) is going to win big time...

Hmm. Could be interesting way to hedge the risk of a crash.

Me wonders if the owner will pay out though.

Check the link, they cancelled the bet.  I missed out on a nice payout.


Title: Re: Almost 1:1 ratio for a bet on Betsofbitco.in
Post by: bitracing on March 16, 2013, 08:50:28 AM
curious as to how this site will do now that intrade got shut down. Might see lots more volume i suspect.