This must be the biggest prize I have ever seen from a free game, but I guess the tickets are not free,,, so that is only fair to those who want to play. I have one query to ask here however. What would the value of BTC be for a person like me who if I won probably cannot afford to pay for the customs tax of the lambo? Is the BTC prize already set aside or will the value be calculated after the winner is found?
It's BTC value of the US list price of the Lambo when the competition ends.
Can you explain exactly how the WEIGHT MULTIPLIER works?
Can you make the example with the same bet of 0.1 BTC with 100% and 30% WEIGHT MULTIPLIER?
What change if the odds are the same?
0.1 BTC at 100% weight will have a weight of 100+100% = 0.1*200 = 20
0.1 BTC at 30% weight will have a weight of 100+30% = 0.1*130 = 13
So total weight is 33, and on winning first bet will receive 20/33 of the pot and 2nd will receive 13/33.
shouldn't there be a maximum deadline to participate in each of these "bets" that were introduced in the new feature called "BETTING"?
for example the one which is a bet on bitcoin price in 2020 is set to occur in 2020 or 626+ days from now. does this mean people can make bets starting from today up until 2020? if that is so then it is a very unfair game because the closer we get to that point the easier it is to make a closer bet so if anybody made a bet today they are going against others in the future with more advantage.
if it has a deadline then it should be mentioned in another countdown timer alongside this current and only timer.
The countdown timer is the deadline. Getting in early on the pot with heavy weights makes your small bet today be much bigger than another persons bet closer to the date.
Wow, it looks very interesting and exciting! I'm definitely going to try betting on Freebitco.in.
But I hope that you're going to add more short term events, like individual football matches, winner of certain F1 races and something similar. Because now some events have too long duration to wait. For example, betting on Bitcoin price by the end of this year or winner of F1 championship - these events will finnish only after more than half year. And weight multiplier looks like an interesting thing, but so far I haven't looked in deep how it works.
I've suggested that to wetsuit.