Where can we bet on ETF approval in bitcoin sportsbook?

[cyrixcer]

I find this one but I can't understand why there are both 3 odds under ON and OFF, anyone understand this? Elsewhere to bet? I want to see the odds.

https://fairlay.com/market/will-a-bitcoin-etf-be-approved-by-the-sec-by-may-1-2017/

[piloder]

Yes it looks quite confusing to me too, have you tried searching about this in their faq page here https://fairlay.com/faq/
there is also a post about this event in their thread https://bitcointalk.org/index.php?topic=1237290.msg17792311#msg17792311

Another place where you can simply bet yes or No is https://www.onehash.com/event/special_events/bitcoin/46644
Yes have 2.46x and No have 1.54x odds.

[ralle14]

I find this one but I can't understand why there are both 3 odds under ON and OFF, anyone understand this? Elsewhere to bet? I want to see the odds.

https://fairlay.com/market/will-a-bitcoin-etf-be-approved-by-the-sec-by-may-1-2017/

There are 3 because they can create their own odds. These 3 options have different bet limits that's why odds are different. Betmoose also offers prediction for etf approval. https://www.betmoose.com/bet/will-the-sec-approve-the-winklevoss-etf-on-11th-march-2736#bets-1

[HCP]

The way Fairlay works is that you need someone to make a matching bet against you. You're not actually betting against fairlay like you do with a traditional sportsbook.

Do I place a prediction against Fairlay?
No - you always place predictions against other users. So every prediction must find a counterpart. If no one is willing to take the other side, you will get your stake back without any deductions.

Fairlay are really just facilitating p2p betting... you say "Hey, I think that the ETF will go through with odds of $1.50, anyone want to bet against me?"... and someone who thinks that it won't and likes the $1.50 odds can then bet against you.

So, while you're free to offer whatever odds you like, it requires someone willing to take the other side... so if you make it too ridiculous in your favour, it isn't likely to happen and you'll just wind up getting your money back.