Ok, this is literally the best PyrMex distribution of bets i’ve seen in weeks. This is a dream setup for smart money
Sooo how does this work? Say there is 10 eth in the contact. I bet 1eth that it will be 11 at the given time. So now the eth in contract is 11 eth. If at the specified time, the eth in contract is 11 or higher I make gains? If lower I loose my 1eth?
Yeah, you could bet the spread tonight and make guaranteed eth, nothing fancy, but positive expected value
This guy gets it.
If you just want to straight up gamble like this. Something like bustabit.com or bustadice.com is a better way to double up.
House edge is only 1%, and max bet allowed for a single bet is over 20 btc.
Basically the odds to double up would be 49.5%.
Hm sounds fun, might try it.
Care to share strategic insight?
This is just ignorant. This is not a straight gambling game, it’s a futures market. The “odds” are determined not by a random number but by whether the other bettors are betting rationally.
You can literally make a guaranteed profit on PyrMex if you have good info
EthPhoenix will close up tonight, no doubt. Yet superbull has a 63x mult at this moment.
>Hm sounds fun, might try it.
total amount won and number of winners dropping consistently. spiderman would not approve
>coiners are LITERALLY just gambling now the absolute state
there's no house edge in this game is there? the 'fees' are paid out to all fitting participants, you can collect them, no?
>You can literally make a guaranteed profit on PyrMex if you have good info
you mean, if you have more ETH in the contract than everyone else combined. now THAT's guaranteed money.
or more ETH outside the contract than everyone else combined, tho that requires you holding over 50% of the ETH marketcap and willing to risk it on a smart contract only published as obfuscated byte code
Betting on price action. Sure, knock yourself out. I wouldn't recommend it to normal people though.
>you mean, if you have more ETH in the contract than everyone else combined. now THAT's guaranteed money.
oh actually you also need to make sure nobody transfers more money than you can pull out into the contract in the last second
They say never go full retard, but some start there.
Whether you’re one of 500 people betting on an outcome, or one of two, doesn’t affect your personal relative winnings or whether it’s better to be one of the two or one of the 500.
It’s smarter than buying most of the shitcoins people p&d on biz.
SMART MONEY? LMAOOOOOO THIS IS A GAMBLING TIER SCAM SHIT
Is that what I mean? You think you’d need all that to arbitrage mispriced betting pools?
There’s no scam here. But please, make sure to show you have no idea what you’re talking about IN ALL CAPS
well, if you have more ETH than all other participants, there are no 'mispriced betting pools' for you. you can modify the amount of money pushed in/out any time you want to
facts presented clearly from publicly broadcast statistics or full retard? your call champ
4x log scaling tho
Not even close. Full retard.
Look mommy! I can cite irrelevant statistics to support non sequitor propositions!
The contract's whole point is to create volatility.