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Bitcoin Forum > Economy > Marketplace > Gambling > Put you BTC where your mouth is and bet for or against Pirate for Aug.
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Author Topic: Put you BTC where your mouth is and bet for or against Pirate for Aug.  (Read 1253 times)
URSAY (OP)
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August 04, 2012, 05:41:40 PM
 #1
BS&T AKA Pirate will default on or before Aug. 31st...

http://betsofbitco.in/item?id=537
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Raoul Duke
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August 04, 2012, 05:55:34 PM
 #2
If someone wishes to bet for Pirate all they need to do is deposit their money in BTCS&T.
Those bets make no sense.
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August 04, 2012, 06:22:24 PM
 #3
Quote from: psy on August 04, 2012, 05:55:34 PM
Those bets make no sense.

There are many paths in life my friend.

This allows all the naysayers to bet against him rather then just complain all day.   Roll Eyes
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August 06, 2012, 03:08:03 AM
 #4
Quote from: psy on August 04, 2012, 05:55:34 PM
If someone wishes to bet for Pirate all they need to do is deposit their money in BTCS&T.
Those bets make no sense.

It makes sense if the payback for the bet is more than 7% / week.
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August 06, 2012, 08:07:18 AM
 #5
Quote from: odolvlobo on August 06, 2012, 03:08:03 AM
It makes sense if the payback for the bet is more than 7% / week.

The bet ends in less than 4 weeks.  4 weeks in BS&T at 7%/week compounded earns you 31%.  The bets are currently 3:1 in favour of not defaulting, and will presumably go further in that direction as the end of the month approaches.  So it's better to put your money into BS&T than to bet against the default at the moment.
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August 13, 2012, 05:52:58 PM
 #6
1 week left to place your bets for Aug.!   Grin
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August 16, 2012, 02:16:27 PM
 #7
Quote from: dooglus on August 06, 2012, 08:07:18 AM
The bet ends in less than 4 weeks.  4 weeks in BS&T at 7%/week compounded earns you 31%.  The bets are currently 3:1 in favour of not defaulting, and will presumably go further in that direction as the end of the month approaches.  So it's better to put your money into BS&T than to bet against the default at the moment.
Not if you believe it's gonna default.
In theory, there's no difference between theory and practice. In practice, there is.
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Raoul Duke
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August 16, 2012, 02:21:52 PM
 #8
Quote from: Kazimir on August 16, 2012, 02:16:27 PM
Quote from: dooglus on August 06, 2012, 08:07:18 AM
The bet ends in less than 4 weeks.  4 weeks in BS&T at 7%/week compounded earns you 31%.  The bets are currently 3:1 in favour of not defaulting, and will presumably go further in that direction as the end of the month approaches.  So it's better to put your money into BS&T than to bet against the default at the moment.
Not if you believe it's gonna default.

So, where are the best in favour of the default?
If it's so easy money why don't they bet?
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