Two Plus Two Publishing LLC
Two Plus Two Publishing LLC
 

Go Back   Two Plus Two Poker Forums > >

Notices

Sports Betting Discussions related to wagering on sporting events.

Reply
 
Thread Tools Display Modes
Old 05-29-2018, 01:03 PM   #1
Stu Ungar
Pooh-Bah
 
Stu Ungar's Avatar
 
Join Date: Sep 2011
Posts: 3,918
Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

Listed under 'Specials' it opened about a week ago:

Will Bitcoin Hit 15,000 by December 31st, 2018.

YES -120
NO -120

'by' not 'on' so if Bitcoin goes over 15,000 at any time this year, YES is a winner.

Since Bitcoin has been around 7,200, the NO's have taken some action and the current odds are now:

YES -110
NO -130

Any thoughts on this wager?

It seems like a nearly 'sure bet' to hedge by wagering heavy on the NO, and at the same time stocking up on bitcoin.

Any thoughts on this bet?
Stu Ungar is offline   Reply With Quote
Old 05-29-2018, 04:57 PM   #2
SpadeWar
adept
 
SpadeWar's Avatar
 
Join Date: Dec 2011
Location: www.LiXSports.com
Posts: 859
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

Bitcoin already hit like $20k in 2018
SpadeWar is offline   Reply With Quote
Old 05-29-2018, 05:18 PM   #3
Stu Ungar
Pooh-Bah
 
Stu Ungar's Avatar
 
Join Date: Sep 2011
Posts: 3,918
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

Quote:
Originally Posted by SpadeWar View Post
Bitcoin already hit like $20k in 2018
Yes, so for the math geniuses out there, it seems there could be a way one can bet the NO on this prop bet, but at the same time acquire Bitcoin to hedge the wager and win either way, unless Bitcoin ends up crashing, which isn't bloody likely..
Stu Ungar is offline   Reply With Quote
Old 05-29-2018, 06:15 PM   #4
Joe Pulaski
Carpal \'Tunnel
 
Joe Pulaski's Avatar
 
Join Date: Jul 2008
Posts: 7,388
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

which exchange are they using? did it specify?
Joe Pulaski is offline   Reply With Quote
Old 05-29-2018, 06:49 PM   #5
Stu Ungar
Pooh-Bah
 
Stu Ungar's Avatar
 
Join Date: Sep 2011
Posts: 3,918
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

Quote:
Originally Posted by Joe Pulaski View Post
which exchange are they using? did it specify?
Will Bitcoin be trading over $15,000 USD by December 31, 2018?

For official source of Bitcoin (BTC) price, please refer to www.bitcoinaverage.com
Stu Ungar is offline   Reply With Quote
Old 05-29-2018, 07:39 PM   #6
ILikeToParty
old hand
 
Join Date: Oct 2010
Location: Just partyin
Posts: 1,423
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

How much could you really get down on this prop tho?
ILikeToParty is offline   Reply With Quote
Old 05-29-2018, 09:32 PM   #7
twoblack9s
adept
 
Join Date: Apr 2009
Location: Moving to where they respect raises
Posts: 950
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

I can’t imagine you can get much down on this. I tried to bet a similar bet on the price of silver that I thought was way mis priced and the max was like $50
twoblack9s is offline   Reply With Quote
Old 05-29-2018, 09:41 PM   #8
WateryBoil
Pooh-Bah
 
WateryBoil's Avatar
 
Join Date: Jul 2014
Location: And mine are long and sharp my Lord
Posts: 4,539
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

yea usually these have low ass limits lol
WateryBoil is offline   Reply With Quote
Old 05-30-2018, 03:15 AM   #9
MrAdvantage
veteran
 
Join Date: Oct 2007
Location: a Lannister always pays his debts
Posts: 2,779
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

If u bet the side that they think is the sucker side u prolly can get a few 100$. If u but rhe side they really didn’t inflate prolly 50$ and your acc May get closed.
MrAdvantage is offline   Reply With Quote
Old 06-09-2018, 03:44 PM   #10
acesover8s
Pooh-Bah
 
Join Date: Sep 2002
Location: Cookie Monster Singing
Posts: 3,548
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

You could spend 30 seconds and look at futures markets.

Doesn't hit 12k by september first is -340 for one data point.
acesover8s is offline   Reply With Quote
Old 06-09-2018, 05:39 PM   #11
Like
journeyman
 
Join Date: Mar 2017
Posts: 352
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

I would MAX out the NO so probably 50 bucks
Like is offline   Reply With Quote
Old 06-11-2018, 11:55 AM   #12
Stu Ungar
Pooh-Bah
 
Stu Ungar's Avatar
 
Join Date: Sep 2011
Posts: 3,918
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

Quote:
Originally Posted by Like View Post
I would MAX out the NO so probably 50 bucks
I bet $250 on the NO a few weeks ago, so the limit has to be $300 or higher. I'm guessing it is $500.

As expected, the action has been on NO. A couple of weeks ago NO was -130, YES was -110. Last week, NO was -140 and YES was at EVENS..
Stu Ungar is offline   Reply With Quote
Old 06-12-2018, 12:18 PM   #13
BigGameJames
stranger
 
Join Date: Apr 2014
Posts: 6
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

Betting “yes” has to be one of the dumbest bets ever. If you really think Bitcoin’s going to hit $15,000, just buy it.

J
BigGameJames is offline   Reply With Quote
Old 06-12-2018, 02:21 PM   #14
Stu Ungar
Pooh-Bah
 
Stu Ungar's Avatar
 
Join Date: Sep 2011
Posts: 3,918
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

YES now +110, NO -150..

https://sports.bovada.lv/specials/cr...t-201806122000

Note there is no 'orange triangle' on this bet, that is used to show lower limits, like Bovada has on WSOP betting..
Stu Ungar is offline   Reply With Quote
Old 06-12-2018, 04:42 PM   #15
rainmaker1855
adept
 
rainmaker1855's Avatar
 
Join Date: Sep 2015
Location: Chicago
Posts: 904
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

I'm hoping for yes but as a bettor I'd lean towards the no, all things being equal
rainmaker1855 is offline   Reply With Quote
Old 06-12-2018, 07:14 PM   #16
Jkpoker10
adept
 
Join Date: May 2012
Posts: 924
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

I would say no. Think the steam has faded from bitcoin and the suckers are out. Just my thought. Doing think you are getting a 100% movement from something that costs 7k
Jkpoker10 is offline   Reply With Quote
Old 06-13-2018, 03:26 PM   #17
foatie
veteran
 
foatie's Avatar
 
Join Date: Aug 2009
Location: DMV(egas)
Posts: 2,373
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

This is the easiest "No" bet ever. The big reason that Bitcoin went on a tear last year is that Agora Financial & all of these other financial giants in the internet space were spending millions a day on clicks online with those James Altucher "Bitcoin Jesus" ads. Those ads were selling crypto investing services at a 5000+ net new subscriptions a day. Google and many other online advertising platforms banned Crypto/Blockchain advertising on their networks back in March '18. This decline, with no upward movement, is a direct result of these Financial Publishing groups not able to acquire fresh leads/clients that are going to dump their money into Bitcoin. Many of those who got burned, but learned enough about crypto to be dangerous (to themselves mostly) are going the route of daytrading the alt-coins.

If Bitcoin reaches the critical support level at $5k, I think your best bet would be to load up and ride it to 1.8-2.2x profit. It'll reach 9-11k levels this year, but I just don't see 15k happening.
foatie is offline   Reply With Quote
Old 06-13-2018, 04:13 PM   #18
Stu Ungar
Pooh-Bah
 
Stu Ungar's Avatar
 
Join Date: Sep 2011
Posts: 3,918
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

Currently the odds are YES +120, NO -160.

I wonder how long Bovada will offer this bet?

It sure seems like they made a bum line, when they opened NO at -120..
Stu Ungar is offline   Reply With Quote
Old 06-20-2018, 11:23 AM   #19
rainmaker1855
adept
 
rainmaker1855's Avatar
 
Join Date: Sep 2015
Location: Chicago
Posts: 904
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

Quote:
Originally Posted by Stu Ungar View Post
Currently the odds are YES +120, NO -160.

I wonder how long Bovada will offer this bet?

It sure seems like they made a bum line, when they opened NO at -120..
they may keep it up just to play on market bulls who think BTC will continue the meteoric rise (which again, is what I personally hope does happen.) hell they kept Hillary to win on the board all the way through Wisconsin coming back red during the election bc people were still pumping dollars on her side to win.
rainmaker1855 is offline   Reply With Quote
Old 06-21-2018, 07:12 AM   #20
AALegend
old hand
 
Join Date: Dec 2011
Location: Philly
Posts: 1,427
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

Quote:
Originally Posted by rainmaker1855 View Post
they may keep it up just to play on market bulls who think BTC will continue the meteoric rise (which again, is what I personally hope does happen.) hell they kept Hillary to win on the board all the way through Wisconsin coming back red during the election bc people were still pumping dollars on her side to win.
Where do you see that bet?

I only see 4 bets below at https://sports.bovada.lv/specials/cryptocurrency :-(

THU 8:00p
Which Bitcoin fork will have the highest Market Capitalization by December 31, 2018 at 7:00pm EST?
Bitcoin Gold (BTG)-320 Bitcoin Private (BTCP)+400 Bitcoin Diamond (BCD)+550 +1 BET SPECIAL BETS CRYPTOCURRENCY Sport Category
For official source of market capitalization, please refer to www.coinmarketcap.com

THU 8:00p
Will Bitcoin (BTC) reach 50% of total market capitalization (dominance) at some point before January 1, 2019?
Yes+165 No-240 +1 BET SPECIAL BETS CRYPTOCURRENCY Sport Category
For official source of Bitcoin (BTC) percentage of total market capitalization (dominance), please refer to www.coinmarketcap.com Bets will be settled if the target is reached, or on January 1st, 2019.

THU 8:00p
Will Ethereum surpass Bitcoin's percentage of total market capitalization (dominance) by December 31, 2018 at 7:00 pm EST?
Yes+650 No-1200 +1 BET SPECIAL BETS CRYPTOCURRENCY Sport Category
For official source of Bitcoin (BTC) and Ethereum (ETH) percentage of total market capitalization (dominance), please refer to www.coinmarketcap.com

THU 8:00p
Will total Cryptocurrency Market Capitalization be over $500 USD billion at some point before January 1, 2019?
Yes+140 No-180 +1 BET SPECIAL BETS CRYPTOCURRENCY Sport Category
For official source of Cryptocurrency Market Capitalization, please refer to www.coinmarketcap.com
AALegend is offline   Reply With Quote
Old 06-21-2018, 11:09 AM   #21
rainmaker1855
adept
 
rainmaker1855's Avatar
 
Join Date: Sep 2015
Location: Chicago
Posts: 904
Re: Bovada's 'Will Bitcoin Hit 15,000 by December 31st' Wager

Quote:
Originally Posted by AALegend View Post
Where do you see that bet?
I havent seent it before; I was just going off of what the OP was referencing. But based on your link it may be down.
rainmaker1855 is offline   Reply With Quote

Reply
      

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Forum Jump


All times are GMT -4. The time now is 03:01 AM.


Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Copyright © 2008-2017, Two Plus Two Interactive
 
 
Poker Players - Streaming Live Online