Bitcoin Forum

I am maintaining BitBet.org,

http://bitbet.org

Feel free to come with suggestion for bets. I can create entries for any kind of events.

I also added bets for gold, bitcoin and oil price. If people want I'll add daily bets for FOREX too.

This is great.

I could not find the bets on gold and oil prices. Where can they be found?

You have to register and then go to the "Betting" section

ok done.

Do I read it correctly, that the Gold spot price bids are referring to the price on Jan 30, 0:00 ?

thanks for confirming

I hope I'm not ambigous in the Bet explanation area on the website. The Gold bet is about the price of gold when the bet ends, i.e. Jan 30 2011 0:00.

The Mt.Gox bet for example is about the maximum/minimum value of 1 BTC until Jan 30 2011. So, if you bet on "under 0.35" and on Jan. 27 the price is 0.30 you win. Doesn't matter if on 28th of Jan. it will be back to 0.45.

Everybody, please ask if anything is unclear. Ask before bet :)

thanks.
left you a PM

It seems some people are really into statistics and numbers. I was asked if I could make an EXTREME BETS section with bets like "A piece of art of more than 100,000 euro being stolen/destroyed" , "A major earthquake in the Northen Hemisfere in the next 6 monts" or "Important politician getting shot". I quote.

As far as I can see, many people would take this as a competition and try to find out the odds by using statistics.

There is an elementary mistake in the Mt.Gox bets: http://www.bitbet.org/betting.php?action=viewform&formID=7

As you see, I forgot to add the option for "Anything above 0.33" with some crazy odds of 1/1000 so I can cover all the possibilities in order to close the bet. This results the bet can't be closed, so I ask anyone that bet there to pm me.

Taglines claiming only always strike me as shortsighted.

What?

Well, it isn't going to be the only one for long. Then you'll either have a wrong saying or have to change it. It's not a big deal, people do it all the time.  

edit: I'm at another bitcoin bookmaker right now. https://btcsportsbet.com/

I really don't understand. You're saying I want change things on bets?

I'm talking about your title, it is wrong. That's all I'm saying. It's not important. 

To change the subject: How does the probiwon bet work? I don't see an end date. 

Conditions about probiwon.com looks strange: 3500% won is already happined

Freemoney, oh, the title! yes, it's not true what it sais, but it's not up to me to change it.
The IPROBWIN bet ends on 24th of January.

The bet is for any person that plays 10BTC an once, and WINS 3500%, within the time interval (until 24th of January)

Oh, ok

Its need to specify what time zone used for determine end of 24h january

I use http://www.oil-price.net/ for the Crude Oil Price.

For Gold: http://www.kitco.com/charts/livegold.html

For Silver: http://www.kitco.com/charts/livesilver.html

Example this bet: http://www.bitbet.org/betting.php?action=viewform&formID=24

The correct value will be the first price for that day since all commodities are subjected to slight changes in price through the day.

Added some extreme bets at bitcoiners requests.

Sports betting seems not so much fun. Anyway, I'll add all sports events for the following 2 months today, please wait for it!

I'd like to bet on Bitcoin difficulty and dollar trading price, 6 and 12 months in the future.

There's a site for that! (at least for the trading price)
  http://wiki.bitcoin-otc.com/wiki/Option_orders#Call_Options_using_ClearCoin_Escrow

oh, and you can wager on the next-month's price level (parimutuel format) this way as well:
  https://bitcoinsportsbook.com/rules

Just placed a few bets on BitBet... wish me luck!

Are bets on gold, oil mtgoxusd possible?

I logged in but can't find anything related to that.

Thanks!

As you maybe know, I wanted to buy BitBet.org. The seller wanted more, I wanted to pay less so I sais: "why don't I maintain the site and we'll split in half the profit". WARIus, bitbet's  developer and owner agreed and made me admin. I added bets, people lost and won. About a week ago, the webiste went down, WARIus doesn't respond to any of my messages. I had my own 12 BTC in there + my share of the profit.

Judge for yourself what happened.

Anyway, I don't know how many others had bitcoins in there, that I bet weren't refunded. Shame!

now the site is down :(

Did he run away with people's money?

I believe so. Shame on him.

Nice to see you're so ready to jump to conclusions :-)

The reason why I wanted to sell the site in the first place is I have very little time to work on it, and then wobber asked to run the site for half the profits. On the proviso that I only provided periodical support when necessary, I agreed to this. Since that agreement took place, there has been very little effort put in on his behalf to create workable betting forms, to the point where I have had to step in on multiple occasions to rectify his mistakes. Obviously, this grows rather wearing...

On top of this - I'm currently extremely busy with other projects, employment & education, and hence do not check messages on here very often. In fact, I have been out of the country for the last week and a bit.

Now the issue with the site has been brought to my attention (no-one had actually emailed to say the site was down...) I will try to rectify it, however I currently believe the server it is hosted on is having network issues, which are out of my control.

I apologise to members of the site who believed I had "run away" with their money - this is not the case at all. I simply have been un-contactable and hence unaware of the issue.

If (for whatever reason) the site cannot be brought back (extremely unlikely), I shall of course refund every member the amount they had in their account at the time of the site going down. This information is secure, as are your Bitcoins.

Please feel free to contact me at info@bitbet.org if you have any further questions.

Site is now back up and appears to be stable. The back-end Bitcoind server appeared to have fallen over, and had hung, meaning the automatic restarting didn't happen. I'll keep an eye on it as much as possible for the next few days, but it should be fine.

No bets or coins have been lost. Apologies for anyone inconvenienced by the downtime.

Nice to hear, thanx for the update

Yes, I did mistakes but you should also check if the site works or not.

I will work harder, so you don't have to repair my mistakes. I know that when you had to close the site for the first time you gave back what people had in their accounts. Still, we have to have better communication.

As we share profit, I am willing to share guilt too.

I'd be interested in betting on the upcoming Canadian election. It's on May the second. Is this possible?

Thanks.

I bet a politician wins.

I too would like to see political contests available.  When such bets are easily available, one can hedge political donations.  This allows one to make larger contributions to favored candidates while reducing the monetary risk of them not winning.

I will add political, comodities and and a few others. I do not have much time, so I won't put any other sports bets there. Maybe just F1 and boxing.

I'm having trouble logging in using Mashedlife. If I copy and paste my username and password into the boxes and click login, it works fine; otherwise it just goes back to the login page. I think this has something to do with Mashedlife not actually clicking the button (does it work if you hit enter?)

Is anyone else having problems?

@WARlrus: Any news on when the site is going to come back online?
Don't wan't to bug you, is just that I liked the site very much and I want to place bets again. :)

As you can see from the site now, all coins have been transferred back to their original owners. The full explanation for this is on the site if you want to have a look.

There are no current plans to bring the site back, but if there is demand, I will look into it! :-)