Author

Topic: Almost 1:1 ratio for a bet on Betsofbitco.in (Read 2603 times)

newbie
Activity: 17
Merit: 0
March 16, 2013, 03:50:28 AM
#6
curious as to how this site will do now that intrade got shut down. Might see lots more volume i suspect.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
http://betsofbitco.in/item?id=1258 is the bet.

Apparently before the fork it was around 5 - 20 with 5 in agreement and 20 disagreeing but after the fork it raised to nearly 80 - 70 with 80 in agreement, but only thing is the price didn't close at $5 down at the end of the day since the drop happened around 2-3 AM on Mt. Gox.

Seems to me whomever bet on disagreement (Red) is going to win big time...

Hmm. Could be interesting way to hedge the risk of a crash.

Me wonders if the owner will pay out though.

Check the link, they cancelled the bet.  I missed out on a nice payout.
sr. member
Activity: 260
Merit: 250
http://betsofbitco.in/item?id=1258 is the bet.

Apparently before the fork it was around 5 - 20 with 5 in agreement and 20 disagreeing but after the fork it raised to nearly 80 - 70 with 80 in agreement, but only thing is the price didn't close at $5 down at the end of the day since the drop happened around 2-3 AM on Mt. Gox.

Seems to me whomever bet on disagreement (Red) is going to win big time...

Hmm. Could be interesting way to hedge the risk of a crash.

Me wonders if the owner will pay out though.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Ya, I see too many bets that have a bet on something that could happen before the bet closes. That kind of defeats the purpose.
full member
Activity: 120
Merit: 104
Sorry, no easy money. The bet was deleted somewhy, all betters refunded.
newbie
Activity: 51
Merit: 0
http://betsofbitco.in/item?id=1258 is the bet.

Apparently before the fork it was around 5 - 20 with 5 in agreement and 20 disagreeing but after the fork it raised to nearly 80 - 70 with 80 in agreement, but only thing is the price didn't close at $5 down at the end of the day since the drop happened around 2-3 AM on Mt. Gox.

Seems to me whomever bet on disagreement (Red) is going to win big time...
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