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Other => Beginners & Help => Topic started by: ekoutanov on April 30, 2013, 01:15:31 AM



Title: A punt on Eurovision
Post by: ekoutanov on April 30, 2013, 01:15:31 AM
Just a reminder to everyone: there's less then a day left before the Eurovision 2013 grand final kicks off!

If you've got that lucky feeling, why not back it with a bet on betoneurovision.com (http://betoneurovision.com)


Title: Re: A punt on Eurovision
Post by: papageovanni on April 30, 2013, 03:03:23 AM
You can bet on whoever you want, but Italia will prevail!


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 10:38:14 AM
Just a reminder to everyone: there's less then a day left before the Eurovision 2013 grand final kicks off!

If you've got that lucky feeling, why not back it with a bet on betoneurovision.com (http://betoneurovision.com)


Title: Re: A punt on Eurovision
Post by: CoinBomb on May 18, 2013, 10:45:59 AM
a lot of the countries say "9999" - is it broken?


Title: Re: A punt on Eurovision
Post by: LiveBitcoinPoker on May 18, 2013, 10:57:15 AM
a lot of the countries say "9999" - is it broken?
I doubt it...


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 10:58:00 AM
a lot of the countries say "9999" - is it broken?
I doubt it...
It means the dividend is above 9999.


Title: Re: A punt on Eurovision
Post by: CoinBomb on May 18, 2013, 11:00:15 AM
isn't the number shown the total bet on that country?


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 11:03:51 AM
isn't the number shown the total bet on that country?
the number shown is the approximate price - i.e. the approximate dividend payable for 1 BTC investment.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 11:14:06 AM
Just under 7 hours to go.


Title: Re: A punt on Eurovision
Post by: CoinBomb on May 18, 2013, 11:18:07 AM
aha! that makes more sense, although I still have no idea how the maths on it can stack up..but i'm sure it does :)


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 11:20:50 AM
Hi CoinBomb. There is some explanation about basic tote maths on the 'About' page. The underlying principle is that everyone bets into the common pool and then the money is divied up among the winners. Because each contestant carries a different investment - the dividends are also different. Contestants that are heavily backed are considered "favourites" - have a higher chance of winning and, consequently, pay a lower price. I.e. reward is directly proportional to risk.


Title: Re: A punt on Eurovision
Post by: papageovanni on May 18, 2013, 11:26:45 AM
Bet placed.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 11:28:15 AM
Bet placed.
Good luck!


Title: Re: A punt on Eurovision
Post by: minerapia on May 18, 2013, 12:42:13 PM
does they accept BTC ?


Title: Re: A punt on Eurovision
Post by: santapedofil on May 18, 2013, 12:58:13 PM
They  don't accept


Title: Re: A punt on Eurovision
Post by: Boelens on May 18, 2013, 05:46:26 PM
If anyone is interested, my bet topic accepts BTC to bet!
https://bitcointalk.org/index.php?topic=209312.0


Title: Re: A punt on Eurovision
Post by: papageovanni on May 18, 2013, 06:35:59 PM
does they accept BTC ?
Yes, BTC is accepted.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 06:56:34 PM
Just under 10 minutes to go. With Denmark odds at 9.81:1, you'd be kicking yourself if you miss it.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 07:12:03 PM
BETTING EXTENDED
We'll be keeping pools open until the polling starts!


Title: Re: A punt on Eurovision
Post by: p_wetsteijn on May 18, 2013, 07:15:32 PM
Denmark will win :).


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 07:25:25 PM
Most of our bets have fallen on Norway. But at 9.81:1 Denmark is an excellent proposition. Bookies have it 1.66. Betfair has it at 1.79. We've got it at 9.81. And only because we're oversubscribed on Norway.


Title: Re: A punt on Eurovision
Post by: papageovanni on May 18, 2013, 07:28:54 PM
Italy: 12 points!


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 07:40:50 PM
We're 7 songs through already. 19 to go. Denmark still sitting at 10.09


Title: Re: A punt on Eurovision
Post by: icey on May 18, 2013, 07:42:02 PM
Is the price locked in once you bet?


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 07:46:40 PM
Is the price locked in once you bet?
No we're a tote, not a bookie. Price will fluctuate as the investment proportion changes with the overall pool.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 07:48:12 PM
Betting rules

Please read http://betoneurovision.com/about.html (http://betoneurovision.com/about.html) before betting. It explains how the totalisator methodology works: how the prices are derived, etc.


Title: Re: A punt on Eurovision
Post by: icey on May 18, 2013, 07:49:38 PM
Understood, thank you


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 07:54:23 PM
Well, there was Russia. Top 10 definitely.


Title: Re: A punt on Eurovision
Post by: Boelens on May 18, 2013, 08:11:10 PM
What exactly are the numbers behind the country? Armenia in example has 9999, does that mean a 9999 payou of your bet? o_O


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 08:28:38 PM
Denmark are hot favourites everywhere else, paying $1.66. We're paying 8.93


Title: Re: A punt on Eurovision
Post by: p_wetsteijn on May 18, 2013, 08:30:53 PM
The Netherlands top 10 also :)


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 08:34:02 PM
Iceland: A ladies man, surely! Current prices at 359.9


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 08:36:56 PM
We've taken very few bets on Azerbaijan. A steal at current price! Bookies have it at 13.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 08:40:31 PM
Greece - what do we think?


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 08:42:27 PM
NOTICE
Please pay the miners fee when betting very small amounts. If your transfers are unconfirmed at payout time, we cannot pay.


Title: Re: A punt on Eurovision
Post by: Boelens on May 18, 2013, 08:43:30 PM
Greece - what do we think?

Meh. It's certainly strong, but not my style. I really liked azerbijan, betting on that, big winnings if it does win! =P.

EDIT : Also, could you answer my PM? Thanks!


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 08:45:47 PM
Ukraine's got a chance!


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 08:49:41 PM
Thanks Boelens. Replied to your PM. If the messages aren't of a personal nature, post them on this forum for everyone's benefit.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 08:51:40 PM
Norway is strong!


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 08:59:28 PM
Does Ireland have a chance?


Title: Re: A punt on Eurovision
Post by: Boelens on May 18, 2013, 09:09:36 PM
How long will bets be open? Untill the voting is actually shown, or when voting opens? Thanks!


Title: Re: A punt on Eurovision
Post by: icey on May 18, 2013, 09:10:26 PM
Just before they announce the first result i presume.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 09:11:21 PM
How long will bets be open? Untill the voting is actually shown, or when voting opens? Thanks!
We'll hold pools open until the polling is shown - ie.. information becomes publically available.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 09:12:15 PM
Just wanted to thank everyone for backing their countries and supporting the Bitcoin movement while doing so!


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 09:19:25 PM
Not long now.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 09:22:06 PM
Voting lines are now closed, but betting remains open until the first poll is televised.


Title: Re: A punt on Eurovision
Post by: papageovanni on May 18, 2013, 09:24:45 PM
Don't think Sweden will warm your soul


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 09:32:01 PM
Don't think Sweden will warm your soul
Subjective... but that's why we bet.


Title: Re: A punt on Eurovision
Post by: elebit on May 18, 2013, 09:33:28 PM
Exciting! I'll give it a shot. But Bitcoin transactions aren't instant. You'll probably a few people who sent their bet before the deadline, but the transaction came through after. I hope can catch them and refund properly.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 09:34:46 PM
ANNOUNCEMENT
We're really into last minute betting now. If you're still betting, please pay the miners fee, otherwise the payout will be delayed until the transactions are confirmed!


Title: Re: A punt on Eurovision
Post by: elebit on May 18, 2013, 09:38:41 PM
"My bets" doesn't seem to work properly. It says "Please wait..." and then nothing. Blockchain shows 3 confirms on the transaction.


Title: Re: A punt on Eurovision
Post by: OpenYourEyes on May 18, 2013, 09:38:59 PM
Only just came across this, although been watching EV all night. Grr.

Any way, nice site design, I really like it.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 09:41:29 PM
Betting is now closed
Thank you everyone for betting.

Please don't send any more BTC to the addresses - they will be sent right back to you, less a 10% processing fee.

Sit tight and let's see who wins!


Title: Re: A punt on Eurovision
Post by: OpenYourEyes on May 18, 2013, 09:43:27 PM
Even though I'm watching EV, I'm not a huge fan of it.
It is more about politics than actual talent IMO.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 09:47:05 PM
Please stop sending your bets. We've closed betting.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 10:22:55 PM
Congratulations Denmark!
And everyone who bet on Denmark to win. We are currently waiting for all bet transactions to reach confirmed status before paying the winners.


Title: Re: A punt on Eurovision
Post by: Caesium on May 18, 2013, 10:23:17 PM
woot my 0.3 flutter turned out well :)

Thanks for the site, really nice :)


Title: Re: A punt on Eurovision
Post by: Boelens on May 18, 2013, 10:24:27 PM
Aw darnit.. Azerbajain so close. Now I barely won my bets back from Denmark :/, oh well, was fun!


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 18, 2013, 11:15:41 PM
woot my 0.3 flutter turned out well :)

Thanks for the site, really nice :)
Happy to serve :)

Please bookmark our site - we'll be rolling out more interesting betting propositions soon.


Title: Re: A punt on Eurovision
Post by: gregorzmine on May 19, 2013, 12:03:01 AM
Dracula was fun !


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 19, 2013, 12:07:14 AM
Thank you everyone. All payments should now have been processed.

We hope you enjoyed the wonderful Eurovision song contest, and had great fun betting with us.



Title: Re: A punt on Eurovision
Post by: Caesium on May 19, 2013, 12:07:49 AM
Received thanks :)

Look forward to next year :)


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 19, 2013, 12:22:24 AM
Received thanks :)

Look forward to next year :)
We'll be offering other propositions (not Eurovision) on a different site. Please check back with betoneurovision.com for updates.


Title: Re: A punt on Eurovision
Post by: Boelens on May 19, 2013, 12:25:14 AM
Uhm - I appear to have an issue, I bet on Denmark and I have received nothing?


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 19, 2013, 12:26:29 AM
Uhm - I appear to have an issue, I bet on Denmark and I have received nothing?
Can you post or PM the wallets that you used to place your bet.


Title: Re: A punt on Eurovision
Post by: ekoutanov on May 19, 2013, 12:28:46 AM
Just a general note to everyone:
Our payouts are done in bulk to minimise miners fees. Some payouts may still be sitting as unconfirmed.


Title: Re: A punt on Eurovision
Post by: Boelens on May 19, 2013, 12:30:13 AM
Just a general note to everyone:
Our payouts are done in bulk to minimise miners fees. Some payouts may still be sitting as unconfirmed.

I don't have it as unconfirmed either - but I already sent you a PM.


Title: Re: A punt on Eurovision
Post by: Caesium on May 19, 2013, 02:48:13 AM
No fee on the payouts?  :-\

Given you only had to make one transaction for all the payouts, not including a fee on it was a little tight - it would have been a miniscule percentage of your house profit?

Still waiting for a confirmation some hours later. Hopefully it gets through eventually.

https://blockchain.info/tx/929ef144e5c7e439684d6f1f9ef86b332546794dcbaaaf61b3f365b72b0894b0


Title: Re: A punt on Eurovision
Post by: elebit on May 19, 2013, 05:49:12 AM
Received, thanks.

Next time please fix the "my bets" function.

Also please include some sort of information how large the total bid sum is. I would have bet a lot more if I knew other people were betting so much.


Title: Re: A punt on Eurovision
Post by: icey on May 19, 2013, 09:56:00 AM
Received Payment, ty.

"My Bets" worked fine for me