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Author Topic: Okay speculators, time to put your money where your mouth is.  (Read 2634 times)
teukon
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August 19, 2011, 09:47:18 PM
 #21

Were rooting for over 20  Cool

Heck, even I'd like to see a price surge over the next week!  Hopefully the BTC Conference in New york city will ignite a fantastic rally!  I simply believe that 20 USD before September is unlikely and am not afraid of a little gambling.
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joulesbeef
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August 19, 2011, 10:49:25 PM
 #22

how exactly does this mooncoin thing work when far far more people bet on one side than the other?

do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?

or does everyone on the winning side split up the winnings based on how much they bet?

I figure the later.. but would like to make sure

mooo for rent
BitcoinStars.com
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August 19, 2011, 11:58:13 PM
 #23

how exactly does this mooncoin thing work when far far more people bet on one side than the other?

do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?

or does everyone on the winning side split up the winnings based on how much they bet?

I figure the later.. but would like to make sure

I'm sure the website will clarify this for you. Good luck to all the gamblers.
GoWest
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August 20, 2011, 12:18:51 AM
 #24

I've added a 20 BTC bet against you GoWest.  Best of luck!


Excellent!  Good luck to you too.

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August 21, 2011, 01:05:45 AM
 #25

how exactly does this mooncoin thing work when far far more people bet on one side than the other?

do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?

or does everyone on the winning side split up the winnings based on how much they bet?

I figure the later.. but would like to make sure

I'm sure the website will clarify this for you. Good luck to all the gamblers.

Well i guess i could blindly search the website.. i didnt see this info anywhere handy AND SINCE YALL WERE ALREADY BETTING.. i figured you would at least know and could help a fellow bitcoiner out. My bad for assuming huh.


I guess i will hunt down the info.. thanks for the help

mooo for rent
BitcoinStars.com
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August 21, 2011, 01:08:47 AM
 #26

how exactly does this mooncoin thing work when far far more people bet on one side than the other?

do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?

or does everyone on the winning side split up the winnings based on how much they bet?

I figure the later.. but would like to make sure

I'm sure the website will clarify this for you. Good luck to all the gamblers.

Well i guess i could blindly search the website.. i didnt see this info anywhere handy AND SINCE YALL WERE ALREADY BETTING.. i figured you would at least know and could help a fellow bitcoiner out. My bad for assuming huh.


I guess i will hunt down the info.. thanks for the help

We did not bet on this website. We have never actually looked at this website. We just root for anyone who bets anywhere. Good luck  Cool
Bitcoin Swami
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August 21, 2011, 01:16:58 AM
 #27

This will be fun to watch.
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August 21, 2011, 10:50:59 AM
 #28

how exactly does this mooncoin thing work when far far more people bet on one side than the other?

do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?

or does everyone on the winning side split up the winnings based on how much they bet?

I figure the later.. but would like to make sure

I'm sure the website will clarify this for you. Good luck to all the gamblers.

Well i guess i could blindly search the website.. i didnt see this info anywhere handy AND SINCE YALL WERE ALREADY BETTING.. i figured you would at least know and could help a fellow bitcoiner out. My bad for assuming huh.


I guess i will hunt down the info.. thanks for the help

OK lets say there is 4000 on one side, and 1000 on the other side. if the 4000 side wins then each 1 the you put in, you get back 1.25

Then let's say your on the 1000 side and you put in 1, then you get back 5!

teukon
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August 21, 2011, 12:39:28 PM
 #29

how exactly does this mooncoin thing work when far far more people bet on one side than the other?

do they wait til the end and just pay out the first bets..refunding the money of everyone else who didnt get a matching bet on the other side?

or does everyone on the winning side split up the winnings based on how much they bet?

I figure the later.. but would like to make sure

Yes, the latter.  Check out the FAQ.

At the moment the bets are at a won't:will ratio of about 5:1.
  • If you put a bitcoin on "won't reach 20 USD" you'll get about 1.2 BTC back in September if you are right.
  • If you put a bitcoin on "will reach 20 USD" you'll get back about 6 BTC if it touches 20 USD at any point.

There's a total of over 60 BTC in the pot right now!  Exciting stuff.
teukon
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August 22, 2011, 02:27:10 PM
 #30

The betting window is now closed and the odds stand at about 8:1!  I was very surprised to find someone had placed 20 BTC on the "won't reach 20 USD" side of the bet at the last minute.

Good luck to all and best luck to me.
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