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Author Topic: Bets of Bitcoin - Bitcoin betting on real world events  (Read 57591 times)
Stephen Gornick
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February 26, 2013, 11:50:53 PM
 #341

Coinjedi, are you on it?

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It's not just you! http://betsofbitco.in looks down from here.
- http://www.downforeveryoneorjustme.com/betsofbitco.in

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Stephen Gornick
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February 26, 2013, 11:53:04 PM
 #342

Coinjedi, are you on it?

Quote
It's not just you! http://betsofbitco.in looks down from here.
- http://www.downforeveryoneorjustme.com/betsofbitco.in

Oh, I didn't notice this first:

Quote
Server is down for maintenance. We'll be back in a couple of hours.
- https://twitter.com/betsofbitcoin/status/306469085988921344

malevolent
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February 27, 2013, 12:04:46 PM
 #343

I'm curious about this one.  It was a poorly written bet statement at best, or deceptively written to get people to bet on the losing side.
Fugitive Ex-LAPD Officer Chris Dorner Will Be Apprehended by Law Enforcement by end of day 2/28 EST
At-large fugitive Christopher Dorner will be apprehended by law enforcement by February 28, 11:59pm EST.
 - http://betsofbitco.in/item?id=1215
The timeline shows that he was cornered in the cabin that was set fire on Feb 12th.  His body was positively identified on Feb 14th.
He (living Chris Dorner) was never apprehended, so I think False would be the outcome, though I'm not entirely certain.  He died without being apprehended so I'm pretty sure True would be the wrong outcome.  Maybe a wash (and refund of all bets?) 
If it is decided as False, I wonder what date was the event date.   The 12th?  ... thus only bets made on Feb 11th (the date the bet statement was placed) are valid, with all others getting returned?

I didn't bet myself but I think False should be the outcome because he was NOT apprehended.

http://dictionary.reference.com/browse/apprehend
elux
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February 28, 2013, 03:32:27 PM
 #344

Quote
Server is down for maintenance. We'll be back in a couple of hours.
- https://twitter.com/betsofbitcoin/status/306469085988921344

Well, it's been more than a couple of hours. As food for thought, here is a bet to consider:

Prediction: Bets of Bitcoin won't be back online.

Rationale: Whenever a sufficiently anonymous service is entrusted with bitcoin without sufficient collateral,
and the amount thus entrusted is large in comparison to the profitability of the service,
that service will seize to exist when the ratio of coins coming in to the coins going out turns negative.

Deadline: January 1, 2014.
Spaceman_Spiff
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February 28, 2013, 04:11:28 PM
 #345

Quote
Server is down for maintenance. We'll be back in a couple of hours.
- https://twitter.com/betsofbitcoin/status/306469085988921344

Well, it's been more than a couple of hours. As food for thought, here is a bet to consider:

Prediction: Bets of Bitcoin won't be back online.

Rationale: Whenever a sufficiently anonymous service is entrusted with bitcoin without sufficient collateral,
and the amount thus entrusted is large in comparison to the profitability of the service,
that service will seize to exist when the ratio of coins coming in to the coins going out turns negative.

Deadline: January 1, 2014.


It's a risk.  But coinjedi has always been very professional in my experience.  I think the number/value of bitcoins being bet is also increasing, so his profits should be going up too.  I am hopeful he is going for a long-term business-model with steady (growing) income instead of becoming another quick buck scammer.
coinjedi
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February 28, 2013, 06:43:06 PM
 #346

Our service provider is having intermittent technical problems for the last few days. We are doing our best for uninterrupted service. Everything looks fine at the moment but let us know if you have any connection issues.

Bets of Bitcoin
http://betsofbitco.in/
stephwen
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March 01, 2013, 12:58:15 PM
 #347

This one can be closed, too: http://betsofbitco.in/item?id=1207
dacoinminster
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March 01, 2013, 06:02:18 PM
 #348

Just initiated a withdrawal, and it was broadcast with no fee! I might have to wait a long time before some generous miner includes the transaction.

Please consider at least allowing me to add a fee from my account for quick processing.

Thanks!

coinjedi
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March 02, 2013, 06:03:07 AM
 #349

Just initiated a withdrawal, and it was broadcast with no fee! I might have to wait a long time before some generous miner includes the transaction.

Please consider at least allowing me to add a fee from my account for quick processing.

Thanks!

As a user I always like to have options too.

In this particular case we follow the fee suggestions of the Satoshi client. Fee is not the only factor for miners. Large transactions and old bitcoins in the account have priority as well. Client suggests a fee if the priority is low and it is automatically deducted from your account. So far we didn't have any issues with stuck transactions. Let us know if you think the transactions take too long.

Bets of Bitcoin
http://betsofbitco.in/
Mr. Coinman
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March 19, 2013, 01:09:13 AM
 #350

The bet "Oz the Great and Powerful (2013) will gross at least $125 million in the US by April 8th, 2013." is true, according to data from BoxOfficeMojo.com on 3/18/2013:

Total Lifetime Grosses
Domestic:    $144,056,326      51.3%
+ Foreign:    $136,800,000      48.7%
= Worldwide: $280,856,326

silvergoldandbitcoin
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March 24, 2013, 03:18:27 AM
 #351

Hello,

I submitted a few bets, and it says that they are waiting approval. They have been waiting for approval for a while now. How long does it usually take?

Thanks
coinjedi
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March 25, 2013, 01:44:20 AM
 #352

Hello,

I submitted a few bets, and it says that they are waiting approval. They have been waiting for approval for a while now. How long does it usually take?

Thanks

They are usually moderated within 24 hours. This weekend we were slow but everything is moderated by now. Thanks for your patience.

Bets of Bitcoin
http://betsofbitco.in/
jackjack
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March 25, 2013, 01:03:50 PM
 #353

"Pope Benedict XVI will die by the end of September 2013"
This can't be refused Grin

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
coinjedi
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March 25, 2013, 11:17:32 PM
 #354

"Pope Benedict XVI will die by the end of September 2013"
This can't be refused Grin

We do not accept bets on the death of individuals.

Bets of Bitcoin
http://betsofbitco.in/
coinjedi
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March 26, 2013, 01:19:43 PM
 #355

But the bet against Chavez was accepted Wink
For Ass.Market creation the ability to bet,
like this : "This person will be no longer ruler of the Far-Far-Away after the rain this Tuesday" might be enough.

Which statement are you referring to:
http://betsofbitco.in/closed_search?q=chavez

Bets of Bitcoin
http://betsofbitco.in/
coinjedi
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March 26, 2013, 02:11:16 PM
 #356


They are not referring to death of a person.

Bets of Bitcoin
http://betsofbitco.in/
jackjack
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March 26, 2013, 03:26:24 PM
 #357

"Pope Benedict XVI will die by the end of September 2013"
This can't be refused Grin

We do not accept bets on the death of individuals.
Fair enough, but you should state those rules somewhere...

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
tempt
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April 02, 2013, 01:11:10 AM
 #358

I have been looking for info on betsofbitcoins, but didnt find it.Can someone explain me how much return I would get for 10btc on the current Mtgox 110$ bet? I dont get it. 6.5 say yes, 1.7 say no - so, I will get like 0.2x?
coinjedi
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April 02, 2013, 02:12:31 AM
 #359

I have been looking for info on betsofbitcoins, but didnt find it.Can someone explain me how much return I would get for 10btc on the current Mtgox 110$ bet? I dont get it. 6.5 say yes, 1.7 say no - so, I will get like 0.2x?

You can check the "How are the losing bets distributed?" question on our help page for an example.

Bets of Bitcoin
http://betsofbitco.in/
tempt
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April 02, 2013, 04:36:22 PM
 #360

I have been looking for info on betsofbitcoins, but didnt find it.Can someone explain me how much return I would get for 10btc on the current Mtgox 110$ bet? I dont get it. 6.5 say yes, 1.7 say no - so, I will get like 0.2x?

You can check the "How are the losing bets distributed?" question on our help page for an example.

Yea, I read that, I found it very confusing. Maybe I am too dumb for that.
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