1000 BTC BET! | Bitcointalksearch.org

johny1976

legendary

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Developer

Quote from: monbux on September 08, 2013, 02:45:15 PM

Quote from: johny1976 on September 08, 2013, 12:20:03 PM

Quote from: ruletheworld on September 08, 2013, 12:14:21 PM

Quote from: johny1976 on September 08, 2013, 12:04:23 PM

Heey!

so what? Would you bet in this game or not?

With 60% odds of winning, sure why not!

But you have 40% chance to lost it all... Still u're in?

I would not be in, no matter how fair it is. I don't like putting big amounts of my money in online gambling :/ Why is this a general idea? What's the point? Are you going to make one or not? Tongue

Haha

no, I'm not really gonna make one.

Quote from: monbux on September 08, 2013, 02:45:15 PM

Cause I'm pretty sure you don't have the funds to...

I'm pretty sure too Cheesy

antiycda

full member

Activity: 140

Merit: 100

blackjack?

monbux

legendary

Activity: 1736

Merit: 1029

Quote from: gadman2 on September 08, 2013, 04:57:40 PM

I've went to the nearest casino and dropped a whole tax refund check (aprox 4000$) on a high stakes hand of black jack and won Wink

.

How much did you win? Tongue

How is this relevant to the topic, other than cool, lucky, and big wins? Roll Eyes

gadman2

legendary

Activity: 978

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I've went to the nearest casino and dropped a whole tax refund check (aprox 4000$) on a high stakes hand of black jack and won Wink

.

dooglus

legendary

Activity: 2940

Merit: 1333

I guess a better question than "are you in?" is:

What would the chances of winning need to be for you to be in? At which point does it switch from a 'no' to a 'yes'.

Mathematically speaking, you 'should' play if the chance to win is a fraction over 50%. But I wouldn't. I'd definitely play if the chance of winning was 99%. But where's the line? It's so hard to decide.

I expect the Kelly Criterion would have something to say about this. But he'd want to know what your total bankroll was before he's say anything useful.

teppy

full member

Activity: 185

Merit: 114

In Dragon's Tale we've had at least two bets of 200 BTC each, and each one came up a winner (950 BTC paid out each.) Also at least one 100 BTC bet on a coconut tree (which I think was a loss), and a bunch of 60 BTC bets on benches.

Teppy

monbux

legendary

Activity: 1736

Merit: 1029

Quote from: johny1976 on September 08, 2013, 12:20:03 PM

Quote from: ruletheworld on September 08, 2013, 12:14:21 PM

Quote from: johny1976 on September 08, 2013, 12:04:23 PM

Heey!

so what? Would you bet in this game or not?

With 60% odds of winning, sure why not!

But you have 40% chance to lost it all... Still u're in?

I would not be in, no matter how fair it is. I don't like putting big amounts of my money in online gambling :/ Why is this a general idea? What's the point? Are you going to make one or not? Tongue

Cause I'm pretty sure you don't have the funds to...

johny1976

legendary

Activity: 1135

Merit: 1002

Developer

Quote from: ruletheworld on September 08, 2013, 12:14:21 PM

Quote from: johny1976 on September 08, 2013, 12:04:23 PM

Heey!

so what? Would you bet in this game or not?

With 60% odds of winning, sure why not!

But you have 40% chance to lost it all... Still u're in?

Jgguy

full member

Activity: 120

Merit: 100

I'm sure someone that could comfortably afford the 1000 BTC for a 60/40 shot to double it would take that bet if it was provably fair. The expected value would be 1200 BTC.

ruletheworld

legendary

Activity: 1386

Merit: 1045

Quote from: johny1976 on September 08, 2013, 12:04:23 PM

Heey!

so what? Would you bet in this game or not?

With 60% odds of winning, sure why not!

johny1976

legendary

Activity: 1135

Merit: 1002

Developer

Heey!

so what? Would you bet in this game or not?

monbux

legendary

Activity: 1736

Merit: 1029

Quote from: 001sonkit on September 08, 2013, 11:52:57 AM

HAHA.

Find a trashcan and toss your post there. Thanks Wink

Yep, right on. Bye.

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

HAHA.

Find a trashcan and toss your post there. Thanks Wink

johny1976

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Merit: 1002

Developer

Quote from: 🏰 TradeFortress 🏰 on September 08, 2013, 11:41:43 AM

Quote from: johny1976 on September 08, 2013, 11:38:18 AM

If you have 60% chance to win, are you in?

Yes. We don't need a web site to do this bet, we can simply do it through SHA256 hashes.

Show me proof that you have 1000 BTC and we can work out the details. Also, you'll have to escrow.

Guys, I didn't say that I want to do it Cheesy

Where would I get so much BTCs?

I started this thread from curiosity Wink

001sonkit

hero member

Activity: 784

Merit: 1000

Casper - A failed entrepenuer who looks like Zhou

It is provability fair that for any hashes you get you will be a loser.

Trashcan anywhere?

The guy above me, this Insanity 2nd gen with bills not paid out

uoyeparannog

member

Activity: 72

Merit: 10

Drunk Lunatic

And promise that You'll make it provably fair by recording random.org, like our Business Master Insanity.

Anon135246

member

Activity: 84

Merit: 10

There's no way I would bet 1000BTC with a 50/50 chance. 1BTC would be a different story....

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: johny1976 on September 08, 2013, 11:38:18 AM

If you have 60% chance to win, are you in?

Yes. We don't need a web site to do this bet, we can simply do it through SHA256 hashes.

Show me proof that you have 1000 BTC and we can work out the details. Also, you'll have to escrow.

uoyeparannog

member

Activity: 72

Merit: 10

Drunk Lunatic

Just one 1000 BTC bet, or can I play with math and split it?

johny1976

legendary

Activity: 1135

Merit: 1002

Developer

Quote from: uoyeparannog on September 08, 2013, 11:33:35 AM

Odds?

60% chance to win.

Quote from: dooglus on September 08, 2013, 11:33:54 AM

Quote from: johny1976 on September 08, 2013, 11:20:14 AM

is here somebody who would play on that BTC game?

What BTC game?

Quote from: johny1976 on September 08, 2013, 11:20:14 AM

Bet: 1000 BTC (yes, really huge).

But if you win (it would be provably fair), you gets 2000 BTC

If you lose, you gets nothing.

Features would be:
- provably fair
- SSL (https://)
- Instant play (no network confirmations needed).

Yes, it's huge risk, but just imagine you gets 1000 BTC free !

Is here somebody who would play?

I don't think anyone would say yes to that until you tell them the odds of winning. If there's a 99% chance of winning, I expect lots of people would be willing to risk 1000 BTC to win 1000 BTC. If it's less than 50% chance, then I doubt many would be.

Just-Dice.com currently offers a 66% chance of turning 1000 BTC into 1500 BTC, but doesn't (yet!) have the bankroll to take bets of the size you describe.

If you have 60% chance to win, are you in?

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: johny1976 on September 08, 2013, 11:20:14 AM

is here somebody who would play on that BTC game?

What BTC game?

Quote from: johny1976 on September 08, 2013, 11:20:14 AM

Bet: 1000 BTC (yes, really huge).

But if you win (it would be provably fair), you gets 2000 BTC

If you lose, you gets nothing.

Features would be:
- provably fair
- SSL (https://)
- Instant play (no network confirmations needed).

Yes, it's huge risk, but just imagine you gets 1000 BTC free !

Is here somebody who would play?

I don't think anyone would say yes to that until you tell them the odds of winning. If there's a 99% chance of winning, I expect lots of people would be willing to risk 1000 BTC to win 1000 BTC. If it's less than 50% chance, then I doubt many would be.

Just-Dice.com currently offers a 66% chance of turning 1000 BTC into 1500 BTC, but doesn't (yet!) have the bankroll to take bets of the size you describe.

uoyeparannog

member

Activity: 72

Merit: 10

Drunk Lunatic

Odds?

duhosnyul

sr. member

Activity: 266

Merit: 250

Too risky. Unless I see the code myself thats the time I believe its fair. I would also not bet 1000btc in one go.

hantinh

newbie

Activity: 38

Merit: 0

Too risky. If I have 1000BTC free, i will play. Haha.

monbux

legendary

Activity: 1736

Merit: 1029

Nope.

You have not done your research... If it is provability fair.... You can lose all your money, as the house, on the first bet. Too risky.

johny1976

legendary

Activity: 1135

Merit: 1002

Developer

Hi,

is here somebody who would play on that BTC game?

Bet: 1000 BTC (yes, really huge).

But if you win (it would be provably fair), you gets 2000 BTC

If you lose, you gets nothing.

Features would be:
- provably fair
- SSL (https://)
- Instant play (no network confirmations needed).

Yes, it's huge risk, but just imagine you gets 1000 BTC free !

Is here somebody who would play?

Topic: 1000 BTC BET! (Read 1798 times)