Post
Topic
Board Gambling
Re: Accepting Pirate bets
by
c0in$
on 30/08/2012, 06:04:49 UTC
https://bitcointalk.org/index.php?topic=104494.0

Link to Garr's escrow page with previous contract.  I will be accepting bets with odds of 2:7 or better at this time.  As the date of termination draws closer I will have to revise down my estimation of the probability of a repayment and adjust odds accordingly (odds the day before termination day of repayment would be slim to none).  I feel these odds are generous given how unlikely repayment is and that pirate debt is selling at less than 20% and usually much closer to 12%.  I will commit $500 towards a 2:7 bet.