http://trilema.com/2013/lets-understand-mutual-betting-together/ Moving targets for a fast crowd. Thu, 14 May 2026 07:50:15 +0000 http://polimedia.us hourly 1 http://trilema.com/2013/lets-understand-mutual-betting-together/#comment-140192 The results of the World Cup experiment. on Trilema - A blog by Mircea Popescu. Tue, 07 Jan 2020 01:05:40 +0000 http://trilema.com/?p=46098#comment-140192 [...] Another: they aren't used to betting on games parimutuel style. mircea_popescu Prolly a large factor also. The other way to formulate this is, sports bettors are [...] [...] Another: they aren't used to betting on games parimutuel style. mircea_popescu Prolly a large factor also. The other way to formulate this is, sports bettors are [...]

]]> http://trilema.com/2013/lets-understand-mutual-betting-together/#comment-139630 ZoneHedge Wow. Such Durden. Much info. About useless. on Trilema - A blog by Mircea Popescu. Tue, 07 Jan 2020 00:15:22 +0000 http://trilema.com/?p=46098#comment-139630 [...] for the cellular apoptosis mechanism, except it doesn't work nearly as well, sadly. [↩]See Let’s understand mutual betting together to understand what the technical problems in question actually are. [↩]To better understand [...] [...] for the cellular apoptosis mechanism, except it doesn't work nearly as well, sadly. [↩]See Let’s understand mutual betting together to understand what the technical problems in question actually are. [↩]To better understand [...]

]]> http://trilema.com/2013/lets-understand-mutual-betting-together/#comment-139588 Bitcoin as replacement for the electoral system on Trilema - A blog by Mircea Popescu. Tue, 07 Jan 2020 00:10:18 +0000 http://trilema.com/?p=46098#comment-139588 [...] This leaves open the problem of bets that end early. In our earlier example, what would happen should the bet actually be satisfied December 7th ? Obviously, it would be closed, and the winners paid. However, in that narrow interval of time between the event actually occurring and the bet being closed, people could send bets that are credited at a high weight, which is unwarranted by the actual circumstances. The guy getting credited with half your weight in spite of betting moments before, or moments after the event taking place isn't being adequately compensated for the risk he actually undertook, which means that neither are you. After all mutual betting isn't a casino racket, dedicated to fleecing people in a man-against-the-house scam. [...] [...] This leaves open the problem of bets that end early. In our earlier example, what would happen should the bet actually be satisfied December 7th ? Obviously, it would be closed, and the winners paid. However, in that narrow interval of time between the event actually occurring and the bet being closed, people could send bets that are credited at a high weight, which is unwarranted by the actual circumstances. The guy getting credited with half your weight in spite of betting moments before, or moments after the event taking place isn't being adequately compensated for the risk he actually undertook, which means that neither are you. After all mutual betting isn't a casino racket, dedicated to fleecing people in a man-against-the-house scam. [...]

]]> http://trilema.com/2013/lets-understand-mutual-betting-together/#comment-139127 Least likely to succeed character : The upseller on Trilema - A blog by Mircea Popescu. Mon, 06 Jan 2020 23:32:57 +0000 http://trilema.com/?p=46098#comment-139127 [...] This article may also interest you : Let’s understand mutual betting together. [...] [...] This article may also interest you : Let’s understand mutual betting together. [...]

]]> http://trilema.com/2013/lets-understand-mutual-betting-together/#comment-98679 Mircea Popescu Tue, 25 Mar 2014 01:40:10 +0000 http://trilema.com/?p=46098#comment-98679 In general you can evaluate what the pool will end up being, with a little experience or a little time spent doing research. There's a thousand or so bets closed already, and you can see sports do <a href=http://www.thedrinkingrecord.com/2014/03/16/interlude-the-big-bets/ >1-10 BTC</a> tops, mining stuff can go as high as 1-2k etc. In general you can evaluate what the pool will end up being, with a little experience or a little time spent doing research. There's a thousand or so bets closed already, and you can see sports do 1-10 BTC tops, mining stuff can go as high as 1-2k etc.

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