Post
Topic
Board Gambling
Re: y4x.com: BTC awarded on first block that has a bid
by
BitcoinHoarder
on 12/12/2012, 00:34:03 UTC
I think players see an opponent as a threat more than an opportunity. So if there is someone already made a bid, people tend not to make a bigger bid because they are afraid of losing money. How would they see it more as an opportunity to earn even more, which it actually is? ;-)

Hmm, I think you are right...  Maybe I need to put more time between the pots so that each feel scarcer...  I don't know, I think you have a good point.  If someone has already bid, what is my incentive to bid, I know that someone with initiative is already betting.  If I bet I'm probably just going to get outbid.  Going to have to think about that...