But isn't this parimutuel bet more complicated than betting in general?
I would actually say it's a far simpler system than fixed odds betting. All the money goes into a pool that is shared out among the winners at the end. The big difference is that it is player versus player betting. So rather than betting against us, you are betting against other customers. That makes it unpredictable because you don't know what they will do next. In this method, it is most likely like that too, almost all the time, so there is nothing wrong with it on that front, but on the very rare off chance that some rich person comes along and bets on the bad team just for the lols, that means you are going to get the great team with suddenly high odds.
. BTW, Freebitco sends a login approval email if anyone tries to access the account from a new IP. I'm wondering how the hacker bypassed this verification! Maybe the guy got your password and IP details through a phishing attack.
