Comments on: The strange case of the six hundred dollars and other stories. http://trilema.com/2015/the-strange-case-of-the-six-hundred-dollars-and-other-stories/ Moving targets for a fast crowd. Wed, 13 May 2026 23:34:51 +0000 http://polimedia.us hourly 1 By: Mircea Popescu http://trilema.com/2015/the-strange-case-of-the-six-hundred-dollars-and-other-stories/#comment-115436 Mircea Popescu Thu, 24 Sep 2015 07:22:26 +0000 http://trilema.com/?p=63243#comment-115436 I kinda deliberately picked two very unlike examples. Take a third if you wish, I put <a href=https://bitbet.us/bet/1179/btc-to-top-700-before-november/#b36 >1 on the 700 bet</a>, taking payout from 11:1 to something like 10:1, it was readjusted to 11:1 within... uh look at that, 12 minutes. Obviously any individual example I might pick is open to the "hey, this is an individual example which has its own individual characteristics" discussion. Of course it is. I'm not trying to say it isn't, I'm just saying : I've yet to encounter a situation where I wasn't covered to my satisfaction. Obscure bet, long odds, short odds, whatever color you want to put on it. Heck, I've put 1k BTC down blind, and <a href=http://qntra.net/2015/03/largest-bitcoin-bet-resolved/ >it was covered satisfactorily</a>. I kinda deliberately picked two very unlike examples. Take a third if you wish, I put 1 on the 700 bet, taking payout from 11:1 to something like 10:1, it was readjusted to 11:1 within... uh look at that, 12 minutes.

Obviously any individual example I might pick is open to the "hey, this is an individual example which has its own individual characteristics" discussion. Of course it is. I'm not trying to say it isn't, I'm just saying : I've yet to encounter a situation where I wasn't covered to my satisfaction. Obscure bet, long odds, short odds, whatever color you want to put on it.

Heck, I've put 1k BTC down blind, and it was covered satisfactorily.

]]> By: mike_c http://trilema.com/2015/the-strange-case-of-the-six-hundred-dollars-and-other-stories/#comment-115432 mike_c Thu, 24 Sep 2015 04:23:45 +0000 http://trilema.com/?p=63243#comment-115432 You were covered on the tennis bet because the odds were long all the way up until the bet was closed (pre-match). There are much different dynamics with a bet like this where you can have a much higher confidence closer to the deadline. An early bet is not going to pay out 6-1. You were covered on the tennis bet because the odds were long all the way up until the bet was closed (pre-match). There are much different dynamics with a bet like this where you can have a much higher confidence closer to the deadline. An early bet is not going to pay out 6-1.

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