Quote from: Equus on January 16, 2015, 07:49:09 PM

Quote from: WeGotCactus on January 16, 2015, 07:25:31 PM

Why would any bull take this bet?

Place 1 BTC bet on Bitbet, get paid out 3.88 BTC if you are right and BTC passes a value of $5000.
Place 1 BTC bet on the order book, get paid 25BTC if you are right.

People are stupid.

Wait, what?

I bet $5 worth of bitcoin on yes, and if I am right then my wager is worth $100 and the payout is worth $388.
If I buy the bitcoin, but don't place the bet then I get $100 worth of 5k bitcoin.
If the bet fails I am out 5$.

What am I missing?

your 5$ right.
you will give it to someone else