In all seriousness, what is the mechanism that will force the losing party to pay?

If there is one in place, I'd like to place a wager, but I can't rely on faith (nor would I expect you to) to get paid.

I may stop the betting for various reasons. I reserve that right since I'm holding all the liabilities here for quite a large number of bitcoins. That said, I do not plan on closing it until the bet is over. Take it for what's it worth and get in now if you want.

Accepted! Welcome aboard the pirate ship, with tickets starting as low as 0.1BTC.

IIRC someone who welched would be labeled a scammer on the forum.  Nobody would risk that for any amount of money would they?  I mean it might take longer to become a forum staff member if one has once worn that label.

But neither can this.

In that case, why are you exposing yourself to all that risk at this late stage? 

See this thread

https://bt.irlbtc.com/view/102072.0

Checking to see if this user is established.

Approved. 

Confirmed. Still haven't realized. Bet increase accepted.