Comments on: The results of the World Cup experiment. http://trilema.com/2014/the-results-of-the-world-cup-experiment/ Moving targets for a fast crowd. Thu, 14 May 2026 08:54:50 +0000 http://polimedia.us hourly 1 By: BitBet, June 2014 Statement on Trilema - A blog by Mircea Popescu. http://trilema.com/2014/the-results-of-the-world-cup-experiment/#comment-140220 BitBet, June 2014 Statement on Trilema - A blog by Mircea Popescu. Tue, 07 Jan 2020 01:08:57 +0000 http://trilema.com/?p=55191#comment-140220 [...] the house seed I do prefer enforcing minimums for classes of historically underperforming bets. As detailed previously, sports bets are expected to receive a 2 BTC seed from the proponent, and will be rejected [...] [...] the house seed I do prefer enforcing minimums for classes of historically underperforming bets. As detailed previously, sports bets are expected to receive a 2 BTC seed from the proponent, and will be rejected [...]

]]> By: Mircea Popescu http://trilema.com/2014/the-results-of-the-world-cup-experiment/#comment-114513 Mircea Popescu Sun, 14 Jun 2015 16:53:10 +0000 http://trilema.com/?p=55191#comment-114513 But they have to end sometime ?! And if bets can't attract BTC, a) they are not bets and b) BitBet is not interested. But they have to end sometime ?!

And if bets can't attract BTC, a) they are not bets and b) BitBet is not interested.

]]> By: Felipe Micaroni Lalli http://trilema.com/2014/the-results-of-the-world-cup-experiment/#comment-114508 Felipe Micaroni Lalli Sun, 14 Jun 2015 05:23:35 +0000 http://trilema.com/?p=55191#comment-114508 That's why I don't see sport bets in BitBet. I think the rules are *too* aggressive. Also, this rules should stay on FAQ, shouldn't they? And, why not include a GMT time limit in all bets? It would be a nice feature. It makes sense to all kind of bets, not only sports. That's why I don't see sport bets in BitBet. I think the rules are *too* aggressive. Also, this rules should stay on FAQ, shouldn't they?

And, why not include a GMT time limit in all bets? It would be a nice feature. It makes sense to all kind of bets, not only sports.

]]> By: Mircea Popescu http://trilema.com/2014/the-results-of-the-world-cup-experiment/#comment-106033 Mircea Popescu Wed, 20 Aug 2014 18:20:25 +0000 http://trilema.com/?p=55191#comment-106033 Maybe the "reasonable valuation" approach will be more easily digested here. You book costs at the time of expenditure. You do not book unrealised gains. Consequently, every new bet at the time it is accepted has a certain .1 outlay, which is booked, and an uncertain future result, which is not. That work for you ? Maybe the "reasonable valuation" approach will be more easily digested here.

You book costs at the time of expenditure. You do not book unrealised gains. Consequently, every new bet at the time it is accepted has a certain .1 outlay, which is booked, and an uncertain future result, which is not. That work for you ?

]]> By: Martin http://trilema.com/2014/the-results-of-the-world-cup-experiment/#comment-106027 Martin Wed, 20 Aug 2014 16:47:36 +0000 http://trilema.com/?p=55191#comment-106027 it might be that you current strategy of trying to estimate the "real odds" and place initial bets accordingly has an return of 50% and in most cases it will attract people to place bets in the beginning on the more likely side. No? it might be that you current strategy of trying to estimate the "real odds" and place initial bets accordingly has an return of 50% and in most cases it will attract people to place bets in the beginning on the more likely side.

No?

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