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Author Topic: Bookmaker quoted odds for Bitcoin $500 in 2013  (Read 1136 times)
niner
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March 30, 2013, 09:57:26 AM
 #1

Irish bookmaker Paddy Power (http://en.wikipedia.org/wiki/Paddy_Power)
currently has the following bet on its website.

Bitcoin value at end of 2013
Singles Only. Applies to value at 6pm 31st Dec 2013. According to bitcoincharts.com.
All in whether Bitcoin exists or not on the date.

$100 or below    4/5
   
$101 to $500    11/8
   
Over $500    5/1

http://www.paddypower.com/bet/novelty-betting/current-affairs/bitcoin-betting/Bitcoin-value-at-end-of-2013-4993413.html

This was mentioned on Bitstamp but with a broken link.

What do bears think of these odds?

Edit:  You can't sign up there from an American IP address. Also, I don't see anything about them accepting bitcoin.

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March 30, 2013, 11:40:19 AM
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Perhaps it's time for a BitBet.

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March 30, 2013, 11:53:50 AM
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yes , can't sign up if from an us IP address.
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March 30, 2013, 12:52:04 PM
 #4

Here's how those odds look like to the most of us Smiley


$100 or below: 4/5 ||| -125.00 ||| 1.80
   
$101 to $500: 11/8 ||| +137.50 ||| 2.38
   
Over $500: 5/1 ||| +500.00 ||| 6.00


The middle bet seems like pretty good value imo.

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March 30, 2013, 12:54:22 PM
 #5

Irish bookmaker Paddy Power (http://en.wikipedia.org/wiki/Paddy_Power)
currently has the following bet on its website.

Bitcoin value at end of 2013
Singles Only. Applies to value at 6pm 31st Dec 2013. According to bitcoincharts.com.
All in whether Bitcoin exists or not on the date.

$100 or below    4/5
   
$101 to $500    11/8
   
Over $500    5/1

http://www.paddypower.com/bet/novelty-betting/current-affairs/bitcoin-betting/Bitcoin-value-at-end-of-2013-4993413.html

This was mentioned on Bitstamp but with a broken link.

What do bears think of these odds?

Edit:  You can't sign up there from an American IP address. Also, I don't see anything about them accepting bitcoin.

wow i would definitely take 5/1 on those odds but im not about to let my liquid assets be trapped up for a whole year.

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March 30, 2013, 01:03:52 PM
 #6

When this bet was first listed, the odds were 10/1 on BTC being under $100!

I managed to bet £25 before they altered it.
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March 31, 2013, 01:25:37 PM
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When this bet was first listed, the odds were 10/1 on BTC being under $100!

I managed to bet £25 before they altered it.

Ahh, the beauty of scamline betting.

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April 02, 2013, 08:50:12 PM
Last edit: April 04, 2013, 05:57:29 AM by gmiwenht
 #8

[deleted]

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