Bitcoin Forum
January 19, 2018, 01:59:19 AM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 »  All
  Print  
Author Topic: Bets of Bitcoin - Bitcoin betting on real world events  (Read 61683 times)
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2394


✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


View Profile
December 31, 2012, 07:16:25 PM
 #321

Reference market was closed for a day and that's a reason to change the deadline?

It is not reasonable to expect that Bets of Bitcoin to be a domain expert regarding every detail of every bet statement submitted.

In this instance,the bet submitter didn't know to specify the proper bet deadline. [Edited] The deadline couldn't be December 31st, because that is the day the event occurs, and thus if it still were open the site would continue taking bets placed after the outcome was already known.   So the earliest deadline for this bet then became December 27th.  [Edit: Incorrect.  The reference market did trade on December 31st.]

This is no different from the message you'll see at a casino: "machine malfunction voids all payouts".

Your wager wasn't lost.  The bets made after the revised deadline were returned to bettors.

1516327159
Hero Member
*
Offline Offline

Posts: 1516327159

View Profile Personal Message (Offline)

Ignore
1516327159
Reply with quote  #2

1516327159
Report to moderator
1516327159
Hero Member
*
Offline Offline

Posts: 1516327159

View Profile Personal Message (Offline)

Ignore
1516327159
Reply with quote  #2

1516327159
Report to moderator
1516327159
Hero Member
*
Offline Offline

Posts: 1516327159

View Profile Personal Message (Offline)

Ignore
1516327159
Reply with quote  #2

1516327159
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
chmod755
Legendary
*
Offline Offline

Activity: 1148


View Profile WWW
January 01, 2013, 09:27:43 AM
 #322

In this instance,the bet submitter didn't know to specify the proper bet deadline. The deadline couldn't be December 31st, because that is the day the event occurs, and thus if it still were open the site would continue taking bets placed after the outcome was already known.

I placed my bet on Dec 28.

It looks like the Reference market was active on Dec 31st (until 17:14) and the event date was Dec. 31, 2012 end of day Eastern Time. Was it known? Huh

http://betsofbitco.in/item?id=503
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2394


✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


View Profile
January 01, 2013, 05:57:05 PM
 #323

It looks like the Reference market was active on Dec 31st (until 17:14) and the event date was Dec. 31, 2012 end of day Eastern Time. Was it known? Huh

http://betsofbitco.in/item?id=503

I see.  Since the bet deadline is always at least one day prior to the event date, there was no reason to change it because the event date did not change -- the reference market was trading on December 31st.   So it doesn't seem justified for the deadline to have changed in this instance.

OpenYourEyes
Full Member
***
Offline Offline

Activity: 238



View Profile
January 01, 2013, 11:18:02 PM
 #324

Damn. I've lost my login credentials for the site, I didn't sign up with any thing memorable as I was only testing the site out, but I ended up placing a bet.
Is there any way to recover them?
I placed a small 0.1BTC bet, I know it is only small, but that's pretty much all I own  Undecided

takemybitcoins.com: Spend a few seconds entering a merchants email address to encourage them to accept Bitcoin
PGP key | Bitmessage: BM-GuCA7CkQ8ojXSFGrREpMDuWgv495FUX7
Spaceman_Spiff
Legendary
*
Offline Offline

Activity: 1638


₪``Campaign Manager´´₪


View Profile
January 17, 2013, 06:49:18 PM
 #325

I just wanted to report that somebody bet on  http://betsofbitco.in/item?id=1052  after the event happened. (I wuz on time  Wink )
crazy573
Full Member
***
Offline Offline

Activity: 178


View Profile
January 17, 2013, 08:11:00 PM
 #326

I just wanted to report that somebody bet on  http://betsofbitco.in/item?id=1052  after the event happened. (I wuz on time  Wink )

You made your bet yesterday?
Spaceman_Spiff
Legendary
*
Offline Offline

Activity: 1638


₪``Campaign Manager´´₪


View Profile
January 18, 2013, 12:15:10 AM
 #327

I just wanted to report that somebody bet on  http://betsofbitco.in/item?id=1052  after the event happened. (I wuz on time  Wink )

You made your bet yesterday?

Oh, does it work with 1-day cut-offs?  I did not know that (if so, which geographical location is used to determine this?).  No, I bet today, but prior to the 15.38 being breached.
crazy573
Full Member
***
Offline Offline

Activity: 178


View Profile
January 18, 2013, 08:05:30 AM
 #328

Oh, does it work with 1-day cut-offs?  I did not know that (if so, which geographical location is used to determine this?).  No, I bet today, but prior to the 15.38 being breached.

Here are some answers for you  Wink
Quote

If the statement turns out to be true or false before the deadline, bet deadline is changed to the end of previous day and bets are closed.
Quote

Eastern Time
Mr. Coinman
Sr. Member
****
Offline Offline

Activity: 278



View Profile
January 18, 2013, 10:04:31 PM
 #329

Would it be possible to have an archive of closed bets on the site, for "historical" purposes? It might be interesting to look back at the bets of our past.

Stephen Gornick
Legendary
*
Offline Offline

Activity: 2394


✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


View Profile
January 19, 2013, 02:13:10 AM
 #330

Would it be possible to have an archive of closed bets on the site, for "historical" purposes? It might be interesting to look back at the bets of our past.

These are available through the site's UI already:

All closed bets, sorted by bet totals:
 - http://betsofbitco.in/list?status=closed&category=All&sorting=-totalBets

Click on the other selections to change the sort method.



To see only your closed bets:
 - http://betsofbitco.in/profile

Then scroll down to
 Your Bets
then click on
 Your closed bets

Spaceman_Spiff
Legendary
*
Offline Offline

Activity: 1638


₪``Campaign Manager´´₪


View Profile
January 22, 2013, 09:26:44 AM
 #331

Oh, does it work with 1-day cut-offs?  I did not know that (if so, which geographical location is used to determine this?).  No, I bet today, but prior to the 15.38 being breached.

Here are some answers for you  Wink
Quote

If the statement turns out to be true or false before the deadline, bet deadline is changed to the end of previous day and bets are closed.
Quote

Eastern Time

tx for the answers, I should read more attentively next time  Smiley
elux
Legendary
*
Offline Offline

Activity: 1458



View Profile
February 03, 2013, 04:48:48 PM
 #332

Quote

AAPL (Apple Inc) on NASDAQ will have a closing share price above $500.00 USD on 1 February 2013.

Opening date: Jan. 15, 2013
Bet deadline: Jan. 30, 2013 end of day Eastern Time
Event date: Feb. 1, 2013 end of day Eastern Time

Category: Economics
Total agree bets: 53.01
Total disagree bets: 346.43

Close and settle the bet, plz.
Spaceman_Spiff
Legendary
*
Offline Offline

Activity: 1638


₪``Campaign Manager´´₪


View Profile
February 05, 2013, 04:07:48 AM
 #333

Could you close this one too?

http://betsofbitco.in/item?id=1048
dacoinminster
Legendary
*
Offline Offline

Activity: 1204


Rational Exuberance


View Profile WWW
February 18, 2013, 04:47:35 PM
 #334

I think this one should have been closed out several days ago:

http://betsofbitco.in/item?id=1171

"MTGOX BTC will touch $25.99 before $14.99"

Stephen Gornick
Legendary
*
Offline Offline

Activity: 2394


✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


View Profile
February 24, 2013, 01:07:40 AM
 #335

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?

Stephen Gornick
Legendary
*
Offline Offline

Activity: 2394


✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


View Profile
February 26, 2013, 11:50:53 PM
 #336

Coinjedi, are you on it?

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

Stephen Gornick
Legendary
*
Offline Offline

Activity: 2394


✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


View Profile
February 26, 2013, 11:53:04 PM
 #337

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
can into space
Staff
Legendary
*
Offline Offline

Activity: 1904



View Profile
February 27, 2013, 12:04:46 PM
 #338

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
Legendary
*
Offline Offline

Activity: 1458



View Profile
February 28, 2013, 03:32:27 PM
 #339

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
Legendary
*
Offline Offline

Activity: 1638


₪``Campaign Manager´´₪


View Profile
February 28, 2013, 04:11:28 PM
 #340

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.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!