I agree, the time frame is just to long to reach Mars. If Elon Musk plans to be on Mars in 2030 then issuing bets today with a potential payout in 10 years is very risky. What would happen to your money if the bookmaker goes bankrupt? The traditional betting website can't over such wagers. We would need a different system, with long term escrow accounts.
Maybe something like this could be done on the forum, but is the demand really there to make it profitable?
Well, yeah I just also realized after reading the post. It is quite risky to wage a bet because of the time frame that will reach to even 7 mos. of waiting probably?
Is there any other way in betting to this? If none then betting would still be possible. The important thing here is that we need a trusted escrow to hold the bets for that long with low service fee. I bet there are some escrow service willing to do this.
Main issue when it comes to these kind of bets where theres still a definite time on when it would happen and we can presume that it wouldnt really be happening too early which means bets will really be on hold for too long and waiting up for the out come.
As mentioned where bookmaker still be possibly be running until that time comes? One of the drawbacks on betting on events which takes too long for them to happen but there are people whom do still interested on this one.
Having a long term escrow would be considerable but we cant still also be sure on how his trustworthiness would last.
