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Author Topic: BitBet - gambling on upcoming events  (Read 3921 times)
wobber
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January 22, 2011, 05:00:10 PM
 #1

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.

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S3052
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January 22, 2011, 06:06:12 PM
 #2

This is great.

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

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wobber
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January 22, 2011, 07:29:31 PM
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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

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January 22, 2011, 07:38:44 PM
 #4

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

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

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wobber
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January 22, 2011, 07:48:50 PM
 #5

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 Smiley

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January 22, 2011, 10:01:52 PM
 #6

thanks.
left you a PM

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

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wobber
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January 23, 2011, 10:32:13 AM
 #7

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.

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wobber
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January 23, 2011, 12:30:17 PM
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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.

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January 23, 2011, 12:44:38 PM
 #9

Taglines claiming only always strike me as shortsighted.

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wobber
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January 23, 2011, 12:49:36 PM
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Taglines claiming only always strike me as shortsighted.

What?

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January 23, 2011, 01:06:45 PM
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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/

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
wobber
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January 23, 2011, 01:10:09 PM
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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?

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January 23, 2011, 01:30:58 PM
 #13

Quote
BitBet - the only BitCoin Bookmaker

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. 

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bitcoinex
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January 23, 2011, 01:41:03 PM
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Conditions about probiwon.com looks strange: 3500% won is already happined

New bitcoin lottery: probiwon.com
- Может, ты ещё и в Невидимую Руку Рынка веруешь? - Зачем же веровать в то, что можно наблюдать непосредственно?
wobber
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January 23, 2011, 04:47:03 PM
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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)

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bitcoinex
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January 23, 2011, 05:18:45 PM
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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

New bitcoin lottery: probiwon.com
- Может, ты ещё и в Невидимую Руку Рынка веруешь? - Зачем же веровать в то, что можно наблюдать непосредственно?
wobber
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January 24, 2011, 12:26:34 PM
 #17

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.

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wobber
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February 05, 2011, 12:34:12 PM
 #18

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!

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Hal
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February 05, 2011, 07:52:10 PM
 #19

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

Hal Finney
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February 05, 2011, 08:57:52 PM
 #20

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

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