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Author Topic: Bets of Bitcoin - Bitcoin betting on real world events  (Read 61683 times)
coinjedi
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February 28, 2013, 06:43:06 PM
 #341

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.

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stephwen
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March 01, 2013, 12:58:15 PM
 #342

This one can be closed, too: http://betsofbitco.in/item?id=1207
dacoinminster
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March 01, 2013, 06:02:18 PM
 #343

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
 #344

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
 #345

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
 #346

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
 #347

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
 #348

"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
 #349

"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.

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coinjedi
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March 26, 2013, 01:19:43 PM
 #350

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

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coinjedi
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March 26, 2013, 02:11:16 PM
 #351


They are not referring to death of a person.

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jackjack
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March 26, 2013, 03:26:24 PM
 #352

"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
 #353

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
 #354

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
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tempt
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April 02, 2013, 04:36:22 PM
 #355

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.
geniusboy91
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April 02, 2013, 05:18:36 PM
 #356

How long does it take events past the event date to be decided and money distributed?
BIGMERVE
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April 02, 2013, 08:39:14 PM
 #357

How long does it take events past the event date to be decided and money distributed?

He does them manually so it usually takes a couple days.

InspiredEye
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April 03, 2013, 03:18:12 AM
 #358

Won my first two bets, I love this site  Grin

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Herodes
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April 07, 2013, 01:20:58 AM
 #359

http://betsofbitco.in/item?id=1351

Quote
Litecoin Will Reach At Least $1.20 By April 15th 2013 On BTC-e.com for the days high.


Does this not indicate that the bet will be closed whenever the condition is true? Since litecoin has been over $1.20 at btc-e.com for a long time, should not the bet be settled ?

Or do I misunderstand ? Is the bet about whether or not the high of LTC reaches at least $1.20 that particular day ?



http://betsofbitco.in/item?id=1129

Quote
Two million people will be without electricity due to a natural event before April, 15 2013

This statement is true if at a given time before April 15, 2013, two millions people or more in North America are simultaneously without electricity due to a natural event.
It can be caused by tsunami, earthquake, solar flare or what ever is natural.

Isn't this rather vague ? If there's a major outage for whatever reason, how can anyone know if 1.9 or 2.1 million people are without electricity. And when you say people, how do you count them ? If someone has all the family coming over from Italy for a wedding, then that house will have more people than normal, while others may be on vacation, thus having homes with zero people at the time of the possible 'event'.

Also, the defintion of what's natural is vague. If an operator of some heavy machinery gets a heart attack, and his crane cuts a major powerline, then you may say that his heart attack is a natural cause, but the line was cut by a man-made machine, so what would it be ?

I think it may be better to rephrase it and include the exact scenarios that are accepted as a possible reason, for instance: Eartquake, Flooding, Thunderstorm. There should be no 'etc' and 'so on', that leaves too much to be desired.

Perhaps a better bed would have to be something to the extent of:

Quote
There will be a major natural electric outage lasting 5 hours or more before April, 15 2013, confirmed to be a natural disaster by at least one major local newspaper.

This statement is true if at a given time before April 15, 2013 (what's that - in america, europe or what - shouldn't time stamps be given so there will be no need to discuss it ?) the largest local newspaper somewhere in North-America reports on a major electrical outage causes by a natural cause limited to: Earth quake, flooding, solar flare, thunderstorm, (put in more that would fit here)

Also, I think times should be given as: Sunday 31 March 2013 01:00 GMT  or at least as UTC or CET. Preferrably the same format should be used throughout the site.


And is there a way to work out exactly how much you're going to win  if you win ? If I bet on something with 0.2 BTC, I would be very interested in knowing my odds ? Or does one not know until betting is settled?


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April 07, 2013, 02:39:52 PM
 #360

http://betsofbitco.in/item?id=1351

Quote
Litecoin Will Reach At Least $1.20 By April 15th 2013 On BTC-e.com for the days high.


Does this not indicate that the bet will be closed whenever the condition is true? Since litecoin has been over $1.20 at btc-e.com for a long time, should not the bet be settled ?

Or do I misunderstand ? Is the bet about whether or not the high of LTC reaches at least $1.20 that particular day ?


All bets made on the same day the event took place or the days after are ignored/removed afterwards.
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