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July 12, 2014, 02:12:50 PM |
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I'm still trying to figure out how the payout calculation works for BitBet.
Here's my main question though:
Imagine only 2 bets are made, we'll say will the superbowl coin toss be heads or tails
1st person bet 10 btc it will be tails
2nd person bets 1 btc it will be heads
no one else bets.
Assume it's heads. After the calculation and all the weight, does the person who bet heads swoop the entire pot, or can they only win a couple btc or whatever the odds were at the time of bet? If they don't get the whole pot, does BitBet just keep the leftover btc?
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