Example 3: SUPER DUPER CRAZY NAKOWA^2 whale shows up and bets 20,580BTC at 98%, which pays 210BTC with 98% probability, and loses 20,580BTC with 2% probability. (this is * from above, there is an implicit "max bet" which is defined the maximum bet at 98% such that it pays the max profit.)
LOL
I'd love to see THAT bet.I'd love to see that bet...lose.
There is a tamer version of that scenario that did happen, though. If you look at the list of significant bets, the highest bet ever was 640btc at 90% and it lost! I believe that's still the record. I'd like to challenge nakowa to dethrone that bet... I suggest a 1000btc bet at 82% (profit=207btc). Are you man enough celeste/allover/nakowa?
