983900+ entries in 0.714s
Bugpowder: This only works if you are doing events
that have a spread
Bugpowder: As an alternative model, you pull
the football game spread off some vegas site,
take any bets
that come on either side, and adjust
the vig
to encourage betting on
the side
that isn't getting hit as hard.
Then
the bet size is decoupled from
the odds.
mircea_popescu: you can make decent money as a bookie on
the system as it is, if you actually know odds.
mircea_popescu: i was gonna say, with parimutuel you can always
take both sides
Bugpowder: I have
tried
the strategy of betting on BOTH sides of my event just
to get
the bet size big enough
dub: thats an excellent summary of
the bitcoin community
Bugpowder: with
the mutual model, if you want
to lay 100BTC down, you need
to have faith
that other people will bet up
the other side
to an acceptable odds level
mircea_popescu: there's a bunch of ex cons
that are all against
the state for
the very phylosophycal reason
that
they have priors
mircea_popescu: there's like 1-2k preop
transsexuals, random internet kids
Bugpowder: You need a vegas sharp
to partner with
mircea_popescu: dude. you completely misrepresent
the
total lack of competence in bitcoin
Bugpowder: There are other problems with
the mutual model. It's very hard
to get large bets going
Bugpowder: to deal with
the low volume / high variance
Bugpowder: and just up
the juice a bit more
than a
trad book
Bugpowder: and if you have a decent bankroll you can at least allow betting based on
the spread
Bugpowder: Well, you could go based off
the hilton lines
Bugpowder: thestringpuller got it off
the
twitter
Bugpowder: I just want a bitcoin sportsbook with
traditional moneyline and pointspreads
Bugpowder: I have used betsofbitco.in for a long
time, and I
think
the
time-weighting diminishes betting volume closer
to
the event, which is when more people want
to be, due
to
time value of money
Bugpowder: I don't know if I like
the mutual betting model with
time-weighting
though
mircea_popescu: on
the other, if he gets sold
through
then you can get shares cheaper later
mircea_popescu: on one hand,
the guy with
the
top bid is guaranteed sharex
mircea_popescu: im
thinking it's equally likely
that waiting will get you a benefit or a loss
Ukto: gonna
try
to look in an hour
Ukto: i
think its under some other stuff in a crate
Ukto: thestringpuller: i looked
through a box for ff7
Bugpowder: without having others change
their bid in
time
to counter me.
Bugpowder: Allow me
to place bids for optimal allotments based on
the existing bids
Bugpowder: Well, I'm not sure if witholding info will make a difference or not. But I
think it will
Namworld: Well, seems like people are still not aware of
the referral system =/
Namworld: You refer
them have
them mention your account ID (public key fingerprint)
mircea_popescu: i still don't see how other bidders can use
that info is
the
thing.
Bugpowder: I am
too bad at GPG
to get
the joke :(
Namworld: Don't forget
to give
them your public MPEx key =P
Bugpowder: why should I provide pricing info
to other bidders until just before
the event starts
Bugpowder: i get cash from friend, I buy coins, I send coins
to friend and I either have another few hundred coins for my fund, or MP gets another 30BTC account fee.
Bugpowder: I just want
to know when I need
to have any orders place by
to get
that initial allotment
Bugpowder: you should be able
to figure
that out
Bugpowder: Is
the S.BBET IPO going
to go off EXACTLY at midnight Jan 11th, or is it going
to be human-triggered around
that
time?
pigeons: dont
think i've heard of it
Bugpowder: Got a friend
that is ready
to dip his
toe in
Bugpowder: So, is BitcoinsDirect still
the best place
to get large # of coins for US people?
mircea_popescu: i wish
to sell my quality comedy club
time (2 hours) for .1 btc now.
Bugpowder: you can't buy a pencil at
the elementary school shop
mircea_popescu: then i come
to irc, im laughing my ass off for
the past
two hours.
mircea_popescu: i was bored out of my fucking mind. in spite of paying like 8 bux
tgo be
there and also being with a bunch of friends so we just made fun of
the comedians
the whole
time
Bugpowder: LTC loans, little
tiny children loans.
Bugpowder: Was able
to sell my distressed package of loans for 0.15BTC. 0.1 was written off.
mircea_popescu: 0.25 btc in default sold for .15
this guy should work for BoA
Namworld: Wait spreadsheets for less
than 1 BTC of debts?
Bugpowder: xbabyboy4021x 0.25 8% 30 Days every 7 days DEFAULT Sold
To Smiley (0.15)
Bugpowder: what about
the calories burnt entering
the data into
the spreadsheet.
those cost money
mircea_popescu: i'd guess
their per-spreadsheet costs are under a satoshi.
mircea_popescu: Bugpowder i
think you have no idea what
they squeeze out of a server.
Bugpowder: Google's server costs
to host
that page are more
then
the value of
the stuff being
tracked.
mircea_popescu: "Friedcat still verifies shares.
Today i got my confirmation for 1252 shares. GLBSE official data infos. So im safed now because my
things with glbse are cleared finally."
Bugpowder: How can ANYONE's
time be worth so little as
to be skimming percentages off of sub 1 BTC loans and making a spreadsheet of
them. Google
dub: I want
to kill myself but I can't.
Bugpowder: wtf!
That Credit Score is hilarious
Namworld: We'd have close
to 30 BTC profit without
that fixed cost
thing.
pigeons: ok i guess i have
to post comparison
Namworld: Still far less
then previous dividends.
JWU42: well
that looks like a wonderful business
JWU42: last spoke
to Brendio on Dec 7th it seems
mircea_popescu: pigeons he hasn't shown up lately, we used
to chat ocasionally back like last summer.
Bugpowder: well, using usagi's valuation model, we should probably discount
the hashking debt
to 75% of par
JWU42: need
to foigure when brendio is gonna opay
the past few months dvis
Namworld: Hey... I want
those S.BVPS shares.