Horizon Platform Community [Asset] The 2014 FIFA World Cup Betting Pool is about to begin!
Thread Posts Reply To This Post
Viewing 8 posts - 1 through 8 (of 8 total)
  • Anomalous Event

    20th June 2014 at 7:22 pm

    (Obviously) the event is over – do not buy any of those assets!

    Welcome to the official Anomalous Event 2014 FIFA World Cup Betting Pool!

    Here’s how it works: I (account 2754587697255138225) will be issuing an asset for each nation that has not yet been mathematically eliminated from the World Cup. Then I’ll fill each asset’s order book with ask orders. To bet on a nation, simply buy as many shares of that nation as you want.

    At the conclusion of the final match on July 13, 2014, I will cancel the winning team’s ask order. Then, using 90% of the total bet revenue, I will buy back all outstanding shares of the winning team. This means that if Brazil wins, Brazil shareholders will be paid 90% of the total bet revenue proportionally to their holdings. To make things a little more fun, the first shares are much cheaper than shares in the future. Early bets are risky, but they offer so much more reward!

    The other benefit of ascending prices is that they help prevent later, wealthier bettors from diluting the bets of the early small bettors. I’m trying to make it as fair as practical.

    The assets will have names like the following:

    WC2014BRA
    WC2014GER
    etc.

    There is one final twist: bets are fungible! As betting progresses, early bettors may have a chance to sell their bets at a profit! Though this cuts into my revenue, I think it’s an interesting dynamic and I’m curious how it will play out.

    Since I’m new around here, pharesim has graciously agreed to escrow the betting pool using address NHZ-QFAM-CDPP-4SYF-BXUST, alias WorldCup2014BettingPoolEscrow. I will be sending the escrow address a deposit of around 150,000 NHZ, as well as forwarding all bets to the address. At the conclusion of the World Cup, it will be the escrow address that buys back all the winning shares.

    Note: This is not a bracket challenge! This is an all-or-nothing betting pool. May the best team win!

    Check your local gambling regulations. If you are not sure if participation is legal where you live, please consult a lawyer.

    Anomalous Event
    Participant

    Horizon: 0.00 HZ
    20th June 2014 at 10:55 pm

    All assets are issued and bets are starting to come in!

    I will post updates as we go!

    jztxeno
    Participant

    Horizon: 0.00 HZ
    21st June 2014 at 7:58 am

    Thats awesome!

    JKNHZ
    Participant

    Horizon: 0.00 HZ
    21st June 2014 at 3:25 pm

    The world cup just became more interesting!? ;D

    Edit: so now this means the NHZ AE will always have all of these, right, even after the WC when they are no longer useful? Hmmm, we’ll need to implement NXT filter system in the future.

    Anomalous Event
    Participant

    Horizon: 0.00 HZ
    21st June 2014 at 3:56 pm

    ‘Breasal link’ wrote:
    The world cup just became more interesting!? ;D

    Edit: so now this means the NHZ AE will always have all of these, right, even after the WC when they are no longer useful? Hmmm, we’ll need to implement NXT filter system in the future.

    Yep. I almost felt spammy as I was registering them – they’re all useless after the WC, and a bunch of them probably won’t even be purchased during the WC. I’m not sure what the best solution would be. An expiration date on an asset, after which all shares disappear?

    Anomalous Event
    Participant

    Horizon: 0.00 HZ
    21st June 2014 at 3:59 pm

    The pool is up to about 90’000 NHZ, and the cheap tier of Germany’s shares have already been bought out. Germany is apparently a favorite of this community. I’ll keep an eye on this and when I get a chance to sit down and make a spreadsheet, I’ll work out the current odds for each team.

    jztxeno
    Participant

    Horizon: 0.00 HZ
    21st June 2014 at 8:54 pm

    Anomalous Event
    Participant

    Horizon: 0.00 HZ
    14th July 2014 at 1:37 pm

    Congratulations, Deutschland! Germany are the winners of the 2014 FIFA World Cup!

    I’ve canceled all the sell orders, and tallied the pool.

    The escrow account has 1’282’361.6184415 NHZ in it, of which 150’000 was my original deposit. This means the total winnings pool is:

    1’132’361.6184415 NHZ.

    I issued a total of 503’250 shares at the beginning; the issuing account now has only 498’554 shares remaining, for a total outstanding share quantitiy of:

    (503’250 – 498’554) = 4’696.

    The winnings pool will be split equally among these 4’696 shares:
    (1’132’361.6184415 / 4’696) = 241.13322369 NHZ/share.

    I’ll instruct pharesim to conduct the remaining business from the escrow account.

    How to Claim Your Winnings:
    Check the order book of asset 8488430070882212021. If there is a buy order for the above price, you can sell your shares and collect your winnings! Don’t worry, you can’t be scammed unless you sell your shares for less than 241.14422369 per share.

Viewing 8 posts - 1 through 8 (of 8 total)