Bitcoin Forum

can you explain what a betting pool is please?  who controls the funds?  and isn't there a negative expected rate of return so the pool will lose money?

well maybe i did choose a wrong word as pool

its for the players there,i started the bet,cryptolemming which is one of the owners of satoshicarnival,controls the betting funds (escrow if u want so) the site itself,or better its funds, has nottin to do with the bet i made,except it will of course at sometime throw M82,wich the bet is about.

so ppl which join the bet send funds to the given address and wait until M82 shows up,the person wich betting number is closest to the actual number M82 shows up will win all the funds in the address

Oh I see.  So it's like a raffle in a way.  Yes I'm sure anyone interested will want the funds escrowed, after all I don't see why anyone would trust you, no offense.  Has M82 been rolled yet?

yeah maybe raffle is better

the funds are already in escrow.the address provided is in control of cryptolemming not me (as he also does check when it hit and then tell us,so he is the "gamemaster" if u want so

yes it did,we are at 2.9 mill bets atm and it showed 3 times (was only 1 time bet on and hit by 1 player)

as u can see here http://gyazo.com/cdc6e1d9baf10edbb20a882d8a27542e (http://gyazo.com/cdc6e1d9baf10edbb20a882d8a27542e)

What about the other 2 times, it was bet with 0 satoshis so didn't win anything?

nope players were betting on another planet for example moon or saturn, its similar if u bet on another dice site for 2x multiplier but then a number shows up on wich u (if u would have bet on it)could have won lets say 100x multiplier

i don't know what are you talking about ??? ??? ???

i made a bet when M82 will show next time

come join us  ;D

Hi,

I can confirm this Raffle, and it was a cool idea from LtPaxIV

How it works:

• Guess the betID of the next M82 showing
• Send .01 btc to the listed address which is an escrow address I control
• You can guess more then once, each guess you must send .01 btc
• Whomever comes closest to the real betID of the next M82 showing takes the pot

In our admin panel, we can see how often a planet or galaxy is showing, and we can see the betID.  This does not mean you have to guess when someone will win on M82, only when M82 will be rolled, regardless what the bettor chose that bet.  So if someone picks Mars, and M82 is rolled, that is the betID we are looking for.

Good luck to all and if you would all prefer .001 instead we can do that.

Thanks

so all confirmed that is legit,now come and get lucky

noone wants to join? thats sad  :(

come and see if u get lucky  ::)

come on and win the pot,the more play the bigger it gets

hm i was thinking the raffle would get a lil more attention, come on people take part in it ^^

ok trying to gather some players one more time,come and try ur luck,guess the right number

it seems noone want to take part in the raffle,i did send cryptolemming a message to see if M82 did show again,so this may be the last chance to enter

im goin to close the raffle as noone did take part in it