Quote from: rockinride on May 01, 2013, 12:30:35 AM

Hmmm I don't see where it says the house keeps the losing bets

It doesn't, but it says winners are paired with losers. If there are more winners than losers then the newest winning bets are refunded.

But what if there are more losers than winners? It doesn't say what happens to the excess money. I was just guessing. It would be better if they told us.

I don't know of any other site like that. There's http://bitbet.us/ which is of the kind you describe, with long-term user-created bets. There was another site that was similar, but I they recently refused to pay out the winners of a bet.

http://www.btcoracle.com/ is new, and allows you to bet whether the price of BTC will be up or down over the next 3 hours.

Alternatively, you could just use http://mpex.co/ to go long or short bitcoins. Or http://bitfinex.com/, http://icbit.se/, https://coinbr.com/, etc.