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Topic: Bets of Bitcoin - Bitcoin betting on real world events - page 6. (Read 62161 times)

sr. member
Activity: 354
Merit: 250
How are winners determined?
There is a bet "waiting" since 1st may.


What bet? Sometimes it helps if you post it here
hero member
Activity: 756
Merit: 522
I had been using betsofbitco.in for almost two years without an issue, before that decision made me stop using the site altogether.

I wouldn't call it a scam though, just misjudgement under pressure.

Misjudgement is the thing for which people apologize. Coinjedi is clearly not either sorry nor of the opinion he did anything wrong. Which I could see, if he's gotten paid for it.

Had the admin made the call to say "It didn't ship" everyone who voted against it would have been up in arms.

I think you might be a little confused. Who's up in arms is immaterial, who's in the right is the only thing that matters. Reality isn't the result of voting, scams are the result of voting.

What the fuck are you talking about

and spreading libel calling a site hundreds of people use (with no complaints) a scam

Read the links, try and keep abreast of the news, get out from under your rock?
420
hero member
Activity: 756
Merit: 500
Had the admin made the call to say "It didn't ship" everyone who voted against it would have been up in arms.

I think you might be a little confused. Who's up in arms is immaterial, who's in the right is the only thing that matters. Reality isn't the result of voting, scams are the result of voting.

What the fuck are you talking about

and spreading libel calling a site hundreds of people use (with no complaints) a scam
hero member
Activity: 938
Merit: 1002
Had the admin made the call to say "It didn't ship" everyone who voted against it would have been up in arms.

I think you might be a little confused. Who's up in arms is immaterial, who's in the right is the only thing that matters. Reality isn't the result of voting, scams are the result of voting.

I had been using betsofbitco.in for almost two years without an issue, before that decision made me stop using the site altogether.

I wouldn't call it a scam though, just misjudgement under pressure.
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
Please close this bet:
http://betsofbitco.in/item?id=1205

The decision happened. Gay scouts are allowed, but gay scout leaders are not allowed, so statement evaluates to false.
http://news.yahoo.com/boy-scouts-allow-gay-scouts-leave-ban-gay-001631810.html

Thanks!
hero member
Activity: 756
Merit: 522
Had the admin made the call to say "It didn't ship" everyone who voted against it would have been up in arms.

I think you might be a little confused. Who's up in arms is immaterial, who's in the right is the only thing that matters. Reality isn't the result of voting, scams are the result of voting.
rlh
hero member
Activity: 804
Merit: 1004
Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

A lot of people have.  It's been around a while.

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

A lot of people have.  It's been around a while.
yes, absolutely.

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

dozens

No, actually, it's a well known scamsite.

See here.

Interesting...

Yes, I had a bet placed on that statement and I would have one if the vote was "didn't ship".  I didn't see the discussion on this forum, but I kind of felt the call was valid.

Had the admin made the call to say "It didn't ship" everyone who voted against it would have been up in arms.

I think the take-away isn't to consider Betsofbitcoin a scam, but to be careful when you bet.  If the statement isn't clear, and EASILY verifiable, don't bet.

At least, that's what I learned from that experience.
hero member
Activity: 756
Merit: 522
Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

A lot of people have.  It's been around a while.

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

A lot of people have.  It's been around a while.
yes, absolutely.

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

dozens

No, actually, it's a well known scamsite.

See here.
420
hero member
Activity: 756
Merit: 500
Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

dozens
legendary
Activity: 1862
Merit: 1114
WalletScrutiny.com
Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

A lot of people have.  It's been around a while.
yes, absolutely.
rlh
hero member
Activity: 804
Merit: 1004
Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

A lot of people have.  It's been around a while.
full member
Activity: 155
Merit: 100
Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?
rlh
hero member
Activity: 804
Merit: 1004
MinCoin will reach .05 BTC by June 1?

Crazy?  Maybe so. However, I have .10 riding that it will see a huge spike, especially once BTC-e and Vircurex add Mincoins.
hero member
Activity: 756
Merit: 522
The fact that the amounts bet on each side did not vary much in the last weeks before you closed it proves my point: bettors were not certain which side was going to win.

Alternatively it could just be showing that nobody is using the site. Which seems a much saner explanation.
full member
Activity: 184
Merit: 100
Back to the site's basic service

why are withdrawls disabled?

"Your request can not be completed at this time. We are working hard to fix it. Please, try again later.
Your Bitcoins and data are safe and backed up regularly."

been doing that for days

Withdrawals are not disabled. We'll check our logs. If the problem persists can you PM me your OS and browser. Thanks for letting us know. Also I can generate a withdrawal for you right away if you want.
mrb
legendary
Activity: 1512
Merit: 1028
Probably made the assumption that the device shipped met the criteria, and thus the outcome known at this point.  I'm presuming what shipped doesn't meet the criteria thus the bet should remain open (as there could be et another product shipped before the deadline that does meet the criteria).

Exactly. The bet should have remained open. coinjedi, any answer on that?

We do not always close bets when the outcome is absolutely certain. For example we close a bet on a product shipping date, when the company announces an official shipping date, but we do not payout until they actually do. We judged that in this case starting of the initial batch releases significant enough information for the purposes of closing the bets. Initial reports tell that the performance does not meet the criteria, so we will wait until the announced event date in case they ship another product.

If you are the submitter and think that our decision is unreasonable, please contact in private and we will reimburse your submission fee. If you would like to continue betting on this event please submit a new statement so that the betting can continue under the new conditions.

What you missed is that the outcome of the BFL bet is not certain. They seem to be merely 46% off the bet's 350 Mh/J limit (239 Mhash/J at 12V == 191 Mhash/J at the wall) and they are currently working on redesigning the power supply circuitry to make it more efficient...

The fact that the amounts bet on each side did not vary much in the last weeks before you closed it proves my point: bettors were not certain which side was going to win.

Beside, even if the outcome was certain, why are you closing it anyway? Why not let people bet on the side that is "so certain" to win?

I am upset you closed the bet  Angry
420
hero member
Activity: 756
Merit: 500
Back to the site's basic service

why are withdrawls disabled?

"Your request can not be completed at this time. We are working hard to fix it. Please, try again later.
Your Bitcoins and data are safe and backed up regularly."

been doing that for days
full member
Activity: 184
Merit: 100
Probably made the assumption that the device shipped met the criteria, and thus the outcome known at this point.  I'm presuming what shipped doesn't meet the criteria thus the bet should remain open (as there could be et another product shipped before the deadline that does meet the criteria).

Exactly. The bet should have remained open. coinjedi, any answer on that?

We do not always close bets when the outcome is absolutely certain. For example we close a bet on a product shipping date, when the company announces an official shipping date, but we do not payout until they actually do. We judged that in this case starting of the initial batch releases significant enough information for the purposes of closing the bets. Initial reports tell that the performance does not meet the criteria, so we will wait until the announced event date in case they ship another product.

If you are the submitter and think that our decision is unreasonable, please contact in private and we will reimburse your submission fee. If you would like to continue betting on this event please submit a new statement so that the betting can continue under the new conditions.
hero member
Activity: 756
Merit: 522
Probably made the assumption that the device shipped met the criteria, and thus the outcome known at this point.  I'm presuming what shipped doesn't meet the criteria thus the bet should remain open (as there could be et another product shipped before the deadline that does meet the criteria).

Exactly. The bet should have remained open. coinjedi, any answer on that?

A good question.
mrb
legendary
Activity: 1512
Merit: 1028
Probably made the assumption that the device shipped met the criteria, and thus the outcome known at this point.  I'm presuming what shipped doesn't meet the criteria thus the bet should remain open (as there could be et another product shipped before the deadline that does meet the criteria).

Exactly. The bet should have remained open. coinjedi, any answer on that?
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