Line betting on BitBet, February and March 2016

April 3rd, 2016

Report 23. Joint statement, April 2nd, 2016

GPG signed statement
Accounting url: bitbet.us stats/18bCNXjdT2NUjcip6KdbFR5EEFAu3oTgTq

Total wagers made: 0; all time: 94 (2x wagers on 47 bets)
Total wagered: 0 BTC; all time: 47 BTC
Total bets resolved: 1; all time: 421
Total calls won: 1; all time: 32
Total calls lost: 1; all time: 10
Total calls pending: 5 (10 wagers on 5 bets)
Total amount won: 1.03843410, less 1 BTC resolved wagers, for a period gain of .03843410, with all-time loss at 3.36407151.

Outstanding wagers: 5 BTC

Notes:
In light of BitBet's turmoil over the past month, it looks unlikely that PC4 will be able to keep operating, and as such no new bets have been placed. As noted, there are currently 5 BTC in bets still outstanding, none of which have actually had their resolution criteria met, which should mean they'll be refunded, assuming BitBet's receivership and wind-down are well-executed.

It's been a bumpy ride, with ultimate results obviously less than stellar, and whether the line betting idea has its conclusion is still somewhat unknown to me; certainly a greater sample size would've better aided any sense of certainty. Assuming the profit center does indeed close with BitBet itself, I'll be putting together a post-mortem to see what can be seen.

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  1. Bets resolved from earlier placing periods: 1208. []

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