Bitcoin Forum

Hello everyone,

We have been online for a few months now, always trying to bring something new to the betting industry.

As some of you may know, we have been using a peculiar pricing system which has proven to be very hard to calibrate over the past months.
We have tried many different settings but it is intrinsically difficult to find the correct balance between competitive odds and risk management precisely because of our pricing system.

As a consequence, we announce that we will shut down the website for a temporary period. You are kindly asked to not deposit or place more bets past this Friday. All bets placed from Saturday will be refunded.
You are invited to withdraw your belongings before the end of the week as the website should go offline during Sunday.

E-mails containing this message will be delivered to each of our customer.

We will use this break to rework our system and hopefully bring some new features as well.

Thanks for betting with us and we hope to be back soon.

Best regards,
The PrediMarket Team

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A new version of PrediMarket (https://predimarket.net) has just been released!

What's new?

• You now have access to lay betting, making PrediMarket effectively a betting exchange. Your betting counterpart is always PrediMarket, ready to back or lay any outcome at any time, thus ensuring the liquidity of bets!
• Betting limits have been substantially increased!
• Increased range of soccer competitions

Tell us what you think!

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PrediMarket, a genuinely innovative Bitcoin Sportsbook for both desktop and mobile.

Why is PrediMarket innovative?

PrediMarket is a Sportsbook Betting Exchange offering a continuous range of fixed-odds.
The back/lay odds you get for an outcome depend on the total wages already placed by other gamblers on that outcome and the amount you want to bet, like other sportsbooks, but the odds balancing is done in real time here!
Thus, you can ask for the odds you like best by adjusting your wage!

Is it like parimutuel then?

NO, IT'S NOT! Parimutuel only gives you variable odds, hence your are not guaranteed to win a fixed amount if you bet correctly.
On the contrary, potential winnings with PrediMarket are guaranteed like regular fixed-odds betting exchange.

Additional features:

• Instant, 1 confirmation deposit (3 confirmations for large deposits)
• Instant withdrawals at all times: the deposited bitcoins remain yours until you place them in a bet
• Minimum deposit: 0.0002 BTC
• Fixed margin as low as 2% on odds and fixed winnings commission of 2% for back and lay bets meaning very high odds

PrediMarket will be in beta stage until further notice. This means:

• Fixtures are limited to football (soccer) games for now
• LIVE betting is disabled for now

In case you have any questions, feel free to post them below or file a request to our Helpdesk (https://predimarket.net/help/helpdesk).
The last thing we want is customers getting stuck on any aspect of PrediMarket!

Join us now (https://predimarket.net)!

OP, I'm quite not knowledgeable about how "fixed-odds on-demand" works. Does it mean that when there are many of the same bets, the wages decreases? Please do enlighten me.
I like how you can actually sell your bet. This basically qualifies as trading as you have invested in a bet and risked either if the bet's value will go up or down.

Is this an exchange? You use terminology that isn't clear at all.

"Why is PrediMarket innovative?": "odds you get for an outcome depend on the total wages already placed by other gamblers on that outcome and the amount you want to bet" is literally how every single bookmaker works at the end of the day, this isn't innovative at all.

Just use standard Betfair-style terminology, no sports better uses "shares" when trading bets.

Consider a game with 2 outcomes which are equally likely to happen. Both (decimal) odds for that outcome are set to 3.0 at the beginning (before any bet is placed).
I picked the following wages just for the sake of simplicity, you can bet any amount you wish.
First player puts 1 BTC on the first outcome at odds 3.0 (he gets 3.0 BTC if he wins).
-> This bet makes the odds for the first outcome decrease and the odds for the other outcome increase: they are now respectively 2.9 and 3.1
Second player comes in and puts 1 BTC on the first outcome at odds 2.9.
-> This bet makes the odds for the first outcome decrease again at 2.8 while the other goes up.
And so on and so forth...
Of course, if the first player bets 2 BTC at the beginning, he will get odds around 2.95 (half way between 3.0 and 2.9).
If some money is placed on the second outcome then the second odds will start going down while the first one will go up: this is the same mechanism.

It works exactly the law of demand in economics: the more people put money on an outcome, the more the odds for that outcome will decrease.


You are right, this is exactly like trading  :). When you make a bet, you make a contract with PrediMarket to pay you, for example 2 BTC, if your prediction is correct, in exchange of engaging 1 BTC. The value of this contract is 1 BTC, in other words, the amount you chose to bet. Then, if other players bet more money afterwards, the value of your bet (contract) will fluctuate:
the more people put money on the outcome you chose, the more the value of your contract will increase. The opposite happens if people tend to favor the other outcome.
This is because the bet has an intrinsic value that you can sell it at any time.


Well, this is just an expression to try to convey the idea that PrediMarket offers fixed-odds (fixed amount paid for a wage) but depending on the amount you want to bet (your demand), you will get different odds as explained above.

No it is not an exchange. An exchange is a market place gathering "bidders" and "sellers" or "backers" and "layers" in terms of betting exchange. This kind of mechanism is generally bad because of the lack of liquidity: a bet can only be concluded if a backer and a layer agree on a certain odds which prevents many people to actually make their bet because they fail to come to an agreement with the other party.

At PrediMarket, you bet against the gambling house, hence there is no liquidity problems. Depending on the amount you wish to bet, PrediMarket will offer you different odds.
For example:
- if you want to bet 1 BTC, you get a decimal odds of 3.0
- if you want to bet 0.5 BTC, you get a decimal odds of 3.5
- if you want to bet 0.1 BTC, you get a decimal odds of 4.0
...


You are right in the sense that this is how every single bookmaker works macroscopically (in the long-run if you prefer). But none of them does that live while you are completing your betslip. At a regular bookmaker, you are offered a unique odds (say 3.0) for a specific outcome no matter how much you bet. The odds might change only for future gamblers.
PrediMarket offers you much more flexibility: that is why it is truly innovative.

I understand, it is quite unique in that respect indeed. I'll try depositing some and see how it goes.

What you are telling is the bet for prematch or we can bet on LIVE match in Inplay also the same odd will favour, because what you are telling is that you will fix the prematch odd for all matches , and after that who ever bets will change the odds,

What you are giving details is just like trading bets. But it is too complicated and the outcome will be facing too many problems.

Best of luck for your new project

Currently, LIVE bets are not supported. We will make them available as soon as possible.

Yes, you are right: every new bet changes the odds. And you are also right when you say it is like trading. But if I used trading terminology, I think people would have been even more confused because strictly speaking, we are a sportsbook dealing odds and not a broker dealing prices.
I know it sounds complicated but if you play a bit with the betslip to ask odds for various amounts (no need to make a deposit), it will help you understand.


Thanks a lot!  ;)

Web site is currently under maintenance. Expected Time Back: 08:00 UTC (2016-04-14)

Web site is currently under maintenance. Expected Time Back: 15:00 UTC (2016-04-14)

PM me when it's online.
I have 0.7BTC inside with a lot of open bets...

Web site is back online.

Cmon,

Temporarily Down for Maintenance

Just put some beta sign or whatever.
Or hire testers before open it for public operations.

Its online for me with all functions.
Try clearing your cache.

How can clearing cache will run the page from the server which is offline ? Lol.The above dude didn't bother to open the website.It was posted yesterday and after a few hours website is online again.

@op Nice concept you have there,I could not understand the buy and sell section of the tutorial.Plus,only soccer is covered what about other games ? Please make an interactive tutorial as very less information is provided in the text box.I'm assuming you can trade your coins there?

Don't understand the concept of selling my bets anytime, what happen if my bets are already losing?

It can help if site is online and visitor getting old maintenance message.

All markets have been restored now.

We apologize for the discontinuation of service: things should go smoother from now on. Updates will still occur on a regular basis but they should be transparent for the end-user.
In particular, please let us know if you are logged out unexpectedly i.e. being forced to re-enter your credentials even after checking the "remember me" box.

@joksim299
As far as I know, the cache of your browser is not related to you seeing the maintenance page or not.

@Patatas
The tutorial is minimalist indeed, we will try to improve it.
On the top of my head, I can think of two ways to make it more "interactive":
- either a guided tour showing how to place a bet and selling it if need be
- or a video demonstrating the above procedure

Which one do you think would be best?

Soccer is indeed the only sport opened for now. We deliberately restricted the scope at the beginning in order to be able to test all functions of our system more easily.
Other sports should follow reasonably soon.

@Patatas, @Barcode_
To answer your questions about the concept, it almost works like any other fixed-odds sportsbooks you know.

There is only one key difference.

A regular bookmaker gives you a particular odds for an outcome and that odds will be the same no matter how much you want to bet.

At PrediMarket, in order to get the odds for that outcome, you must first tell the system how much you want to bet. It uses this value to compute the odds you will get for that outcome. By changing the amount you want to bet, you make the odds change until you get an odds you are satisfied with.
Computation of odds are requested with the little calculator button next to the wage input field.

The reason you can sell your bet (until the game begins) is because the system considers your bet as a contract.
This contract is worth something: in the beginning, it is worth the amount you bet but afterwards it will vary if other players place additional bets on the considered market.
Currently, the value of the bet displayed in your bet history is discounted with a commission which varies from market to market. We plan to make this clearer in the user interface asap.

Practically, there are 2 cases when you should consider selling a bet:
- either when you "speculate": your bet value has increased above the amount you placed initially thus, if you sell it, you make a sure profit no matter what happens in the game
- or you changed your mind about a bet: for instance, a major player of the favorite team suddenly got injured and will not play which turns the table and make your bet less likely to be right

Deposited, bet some, withdrew some.
Works good overall.
A graph of odds/stake amount would be my immediate suggestion.

@ctlaltdefeat

Thanks for the review!

I take note of your suggestion: I reckon it would give the user a better idea of how the odds will evolve with the amount put at stake.

When bet is settled, make return page to be the used event. Otherwise user need to browse the whole event tree when he want to make another bet on same game.

@debuni

That would be better indeed.
This should be implemented in the next couple of days.

Here are our odds for the Full Time Result market of this upcoming game:

Russia vs Wales (https://predimarket.net/market/view/1603/russia-vs-wales)
EURO 2016 - Round 3
20 Jun 2016 19:00:00 UTC

Home	|	Draw	|	Away
2.268	|	3.416	|	3.492

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Here are our odds for the Full Time Result market of this upcoming game:

Slovakia vs England (https://predimarket.net/market/view/1602/slovakia-vs-england)
EURO 2016 - Round 3
20 Jun 2016 19:00:00 UTC

Home	|	Draw	|	Away
5.930	|	4.168	|	1.636

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Here are our odds for the Full Time Result market of this upcoming game:

Northern Ireland vs Germany (https://predimarket.net/market/view/1605/northern-ireland-vs-germany)
EURO 2016 - Round 3
21 Jun 2016 16:00:00 UTC

Home	|	Draw	|	Away
13.808	|	6.452	|	1.262

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Here are our odds for the First Half Time Result market of this upcoming game:

Sweden vs Belgium (https://predimarket.net/market/view/1611/sweden-vs-belgium)
EURO 2016 - Round 3
22 Jun 2016 19:00:00 UTC

Home	|	Draw	|	Away
4.188	|	2.385	|	2.428

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Here are our odds for the Full Time Result market of this upcoming game:

France vs Ireland (https://predimarket.net/market/view/1713/france-vs-ireland)
EURO 2016 - Round of 8th
26 Jun 2016 13:00:00 UTC

Home	|	Draw	|	Away
1.573	|	3.948	|	7.635

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I really like that you can not just bet but actually sell your bets. So your bets become a commodity on their own and create a new market to trade. So you can actually profit without even taking a single bet. I like that very much it gives the better a chance to pull out if they wish or go for it. Nice if you don't want to risk your money and know for fact that selling the bet will yield you a guaranteed profit.

The layout of the site is also very eye catchy nice going.  ;)

is this what you offered selling your bet and make profit but you did well i guess if this thread you open got more attention many members here already win some nice profits good job for you and good luck.

@Daffadile, @Golftech

Thank you for the compliments guys, those are very much appreciated  :)

By the way, more features could be added if enough people are interested. For example:

• lay bets
• API for automated trading
• bankroll management tools

I might start a new thread to poll opinions.

I will give it a try later on, indeed very interesting you can resell your bets. This is an absolute plus :)

Here are our odds for the Full Time Result market of this upcoming game:

Germany vs France (https://predimarket.net/market/view/2031/germany-vs-france)
EURO 2016 - Semi-finals
7 Jul 2016 19:00:00 UTC

Home	|	Draw	|	Away
2.975	|	3.044	|	2.815

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Here are our odds for the Full Time Result market of this upcoming game:

Portugal vs France (https://predimarket.net/market/view/2044/portugal-vs-france)
EURO 2016 - Final
10 Jul 2016 19:00:00 UTC

Home	|	Draw	|	Away
4.277	|	3.128	|	2.143

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I really dislike how it is fixed odds on demand, since it results in the actual odds being very different then what you advertise here. This gif shows it all:
https://i.imgur.com/1SKkXJJ.gifv (Too large to display here)

I could take @1.8 on France here for a 0.05BTC wager, but if I went to another competitor, like Nitrogen, I can get @2.088 on France to win. 0.3 units extra/per unit wagered is pretty big. Very high odds is a complete lie. Most people don't bet small amounts like 1 mBTC.

@DarkStar_

I understand your point of view but the variation of the proposed odds aims at balancing the book, a process that is performed by all bookmakers.
For instance, assume you want to wager 100BTC on France: I doubt Nitrogen would let you do that because it introduces too much of a risk.

The difference between Nitrogen and us is obviously how much we accept as a wage on an outcome before shifting our odds.
In our case, I agree that our limit is much lower.

As per the line "Very high odds", I disagree with you because it is precisely accurate: you do get very high odds if you wager a small amount.
That being said, I will take into account your concern and advertise the actual odds one gets for a particular wage in my next messages.

Invalid argument. I tried calculating for 100 BTC, but it is too high of an amount on your book. Yes, nitrogen wouldn't let you do that either, but considering how much the odds dropped when I typed in 0.1BTC, if you did accept 100 BTC, it would be @0.982[1] probably, but if it was positive, it would be around @1.02. I could bet 2 BTC on nitrogen, and have the same outcome but less risk.
https://i.imgur.com/VodIzVP.png
I also find this funny: https://i.imgur.com/nCitxS4.png, which voids all your arguments regarding the nitrogen comparison. Nitrogen would be able to take 5 BTC wagers (I believe)

---

[1] https://i.imgur.com/iU6WSgS.png xD

If you input a very high amount, the calculation is not valid in the current implementation, I am aware of that.
The fact that the system accepts it is a bug and it shall be fixed in the next release.

Regarding the actual wage limits of my book, I have answered in my previous message.
The next release of the website will allow lay betting as well which should "mechanically" increase the wage limits.

Here are our odds for the Full Time Result market of this upcoming game:

FC Porto vs AS Roma (https://predimarket.net/market/view/2695/fc-porto-vs-as-roma)
UEFA Champions League - Qualifications - Final - 1st Leg
17 Aug 2016 18:45:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	2.412 (0.00010000 BTC)	|	2.362 (0.03930000 BTC)	|	2.303 (0.09050000 BTC)
Back Draw	|	3.294 (0.00010000 BTC)	|	3.219 (0.02740000 BTC)	|	3.148 (0.05490000 BTC)
Back Away	|	3.313 (0.00010000 BTC)	|	3.236 (0.02720000 BTC)	|	3.165 (0.05450000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	2.460 (0.00010000 BTC)	|	2.514 (0.03930000 BTC)	|	2.638 (0.11800000 BTC)
Lay Draw	|	3.361 (0.00010000 BTC)	|	3.483 (0.03930000 BTC)	|	3.779 (0.11800000 BTC)
Lay Away	|	3.379 (0.00010000 BTC)	|	3.503 (0.03930000 BTC)	|	3.804 (0.11800000 BTC)

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Here are our odds for the Full Time Result market of this upcoming game:

Celtic vs H. Beer Sheva (https://predimarket.net/market/view/2693/celtic-vs-h-beer-sheva)
UEFA Champions League - Qualifications - Final - 1st Leg
17 Aug 2016 18:45:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	1.753 (0.00010000 BTC)	|	1.678 (0.03930000 BTC)	|	1.396 (0.29800000 BTC)
Back Draw	|	3.793 (0.00010000 BTC)	|	3.405 (0.02780000 BTC)	|	3.118 (0.05570000 BTC)
Back Away	|	5.371 (0.00010000 BTC)	|	4.834 (0.01720000 BTC)	|	4.428 (0.03440000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	1.788 (0.00010000 BTC)	|	1.883 (0.03930000 BTC)	|	2.161 (0.11800000 BTC)
Lay Draw	|	3.873 (0.00010000 BTC)	|	4.799 (0.03930000 BTC)	|	27.725 (0.09780000 BTC)
Lay Away	|	5.486 (0.00010000 BTC)	|	7.390 (0.03290000 BTC)	|	38.944 (0.06590000 BTC)

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Here are our odds for the Full Time Result market of this upcoming game:

Leicester vs Arsenal (https://predimarket.net/market/view/2435/leicester-vs-arsenal)
Premier League - Round 2
20 Aug 2016 16:30:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	3.516 (0.00010000 BTC)	|	3.399 (0.02570000 BTC)	|	3.294 (0.05140000 BTC)
Back Draw	|	3.445 (0.00010000 BTC)	|	3.330 (0.02650000 BTC)	|	3.227 (0.05300000 BTC)
Back Away	|	2.245 (0.00010000 BTC)	|	2.188 (0.03930000 BTC)	|	2.100 (0.10720000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	3.587 (0.00010000 BTC)	|	3.798 (0.03930000 BTC)	|	4.378 (0.11800000 BTC)
Lay Draw	|	3.515 (0.00010000 BTC)	|	3.715 (0.03930000 BTC)	|	4.262 (0.11800000 BTC)
Lay Away	|	2.290 (0.00010000 BTC)	|	2.355 (0.03930000 BTC)	|	2.508 (0.11800000 BTC)

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Here are our odds for the Full Time Result market of this upcoming game:

Manchester United vs Southampton (https://predimarket.net/market/view/2400/manchester-united-vs-southampton)
Premier League - Round 2
19 Aug 2016 19:00:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	1.581 (0.00010000 BTC)	|	1.504 (0.03930000 BTC)	|	1.210 (0.37980000 BTC)
Back Draw	|	4.308 (0.00010000 BTC)	|	3.619 (0.02700000 BTC)	|	3.184 (0.05400000 BTC)
Back Away	|	6.418 (0.00010000 BTC)	|	5.428 (0.01560000 BTC)	|	4.776 (0.03120000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	1.613 (0.00010000 BTC)	|	1.716 (0.03930000 BTC)	|	2.073 (0.11800000 BTC)
Lay Draw	|	4.401 (0.00010000 BTC)	|	5.883 (0.02800000 BTC)	|	27.716 (0.05610000 BTC)
Lay Away	|	6.563 (0.00010000 BTC)	|	8.883 (0.01800000 BTC)	|	44.100 (0.03600000 BTC)

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I used your example from the above post with the back odds for Manchaster United vs Southampton, and found a 2% margin, which is really bad for such a little amount compared to your old system. At Fairlay, probably your biggest competitior, the magin is 0.79%. Granted, your volume is a lot less, but the very high odds is misleading. While the odds are Fairlay are set by the bettors, your perfect 2% margins leads me to think that you set the base odds.

@DarkStar_

Thank you for your input, it is really appreciated :)

The margin is not set in stone and we will probably change it soon.

Taking Man U vs Southampton as an example, it is true that Fairly offers a lower margin at this moment (1.13% according to my calculations) for back odds.
However, BetBtc which is also an exchange offers 2.6% on that game.

It is not always easy to find a fair margin/commission but I can improve that.

For example, I updated the prices and limits of Man U vs Southampton:

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	1.597 (0.00010000 BTC)	|	1.519 (0.07920000 BTC)	|	1.222 (0.76520000 BTC)
Back Draw	|	4.352 (0.00010000 BTC)	|	3.794 (0.04110000 BTC)	|	3.408 (0.08230000 BTC)
Back Away	|	6.486 (0.00010000 BTC)	|	5.676 (0.02410000 BTC)	|	5.098 (0.04830000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	1.613 (0.00010000 BTC)	|	1.716 (0.07920000 BTC)	|	1.953 (0.19810000 BTC)
Lay Draw	|	4.399 (0.00010000 BTC)	|	5.887 (0.05650000 BTC)	|	32.666 (0.11310000 BTC)
Lay Away	|	6.560 (0.00010000 BTC)	|	8.877 (0.03620000 BTC)	|	41.755 (0.07250000 BTC)

What would you say of these odds/liquidity now, compared to other bookmakers?

Here are our odds for the Full Time Result market of this upcoming game:

Manchester United vs Leicester (https://predimarket.net/market/view/3384/manchester-united-vs-leicester)
Premier League - Round 6
24 Sep 2016 11:30:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	1.826 (0.00010000 BTC)	|	1.751 (0.07420000 BTC)	|	1.568 (0.32690000 BTC)
Back Draw	|	3.883 (0.00010000 BTC)	|	3.598 (0.03920000 BTC)	|	3.369 (0.07840000 BTC)
Back Away	|	4.878 (0.00010000 BTC)	|	4.523 (0.02870000 BTC)	|	4.236 (0.05740000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	1.845 (0.00010000 BTC)	|	1.937 (0.07420000 BTC)	|	2.123 (0.18570000 BTC)
Lay Draw	|	3.923 (0.00010000 BTC)	|	4.750 (0.07420000 BTC)	|	9.674 (0.18570000 BTC)
Lay Away	|	4.929 (0.00010000 BTC)	|	6.493 (0.07420000 BTC)	|	34.010 (0.15630000 BTC)

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Nice to see another sportbook exhange who accept bitcoins.I will try your site with low amounts of bitcoins.

@btcloi78

Do not hesitate to leave a comment if you will, it is always helpful!

Here are our odds for the Full Time Result market of this upcoming game:

Dortmund vs Real Madrid (https://predimarket.net/market/view/3422/dortmund-vs-real-madrid)
UEFA Champions League - Round 2
27 Sep 2016 18:45:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	2.822 (0.00010000 BTC)	|	2.772 (0.05330000 BTC)	|	2.725 (0.10660000 BTC)
Back Draw	|	3.540 (0.00010000 BTC)	|	3.478 (0.03800000 BTC)	|	3.418 (0.07600000 BTC)
Back Away	|	2.679 (0.00010000 BTC)	|	2.632 (0.05790000 BTC)	|	2.587 (0.11590000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	2.850 (0.00010000 BTC)	|	2.926 (0.07350000 BTC)	|	3.053 (0.18390000 BTC)
Lay Draw	|	3.576 (0.00010000 BTC)	|	3.709 (0.07350000 BTC)	|	3.943 (0.18390000 BTC)
Lay Away	|	2.706 (0.00010000 BTC)	|	2.772 (0.07350000 BTC)	|	2.882 (0.18390000 BTC)

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Here are our odds for the Full Time Result market of this upcoming game:

Atl. Madrid vs Bayern Munich (https://predimarket.net/market/view/3418/atl-madrid-vs-bayern-munich)
UEFA Champions League - Round 2
28 Sep 2016 18:45:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	3.113 (0.00010000 BTC)	|	3.053 (0.04680000 BTC)	|	2.997 (0.09360000 BTC)
Back Draw	|	3.297 (0.00010000 BTC)	|	3.234 (0.04290000 BTC)	|	3.174 (0.08590000 BTC)
Back Away	|	2.594 (0.00010000 BTC)	|	2.544 (0.06240000 BTC)	|	2.497 (0.12480000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	3.145 (0.00010000 BTC)	|	3.250 (0.07470000 BTC)	|	3.433 (0.18690000 BTC)
Lay Draw	|	3.330 (0.00010000 BTC)	|	3.452 (0.07470000 BTC)	|	3.666 (0.18690000 BTC)
Lay Away	|	2.620 (0.00010000 BTC)	|	2.686 (0.07470000 BTC)	|	2.796 (0.18690000 BTC)

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Here are our odds for the Full Time Result market of this upcoming game:

Sparta Prague vs Inter (https://predimarket.net/market/view/3438/sparta-prague-vs-inter)
UEFA Europa League - Round 2
29 Sep 2016 17:00:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	3.242 (0.00010000 BTC)	|	3.181 (0.04410000 BTC)	|	3.123 (0.08830000 BTC)
Back Draw	|	3.343 (0.00010000 BTC)	|	3.280 (0.04220000 BTC)	|	3.220 (0.08440000 BTC)
Back Away	|	2.485 (0.00010000 BTC)	|	2.438 (0.06730000 BTC)	|	2.393 (0.13460000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	3.275 (0.00010000 BTC)	|	3.389 (0.07500000 BTC)	|	3.590 (0.18750000 BTC)
Lay Draw	|	3.376 (0.00010000 BTC)	|	3.500 (0.07500000 BTC)	|	3.718 (0.18750000 BTC)
Lay Away	|	2.510 (0.00010000 BTC)	|	2.568 (0.07500000 BTC)	|	2.663 (0.18750000 BTC)

Check out more games and markets at predimarket.net (https://predimarket.net)!
Very high odds, Instant Deposit and Withdrawal

Here are our odds for the Full Time Result market of this upcoming game:

Chelsea vs Leicester (https://predimarket.net/market/view/3789/chelsea-vs-leicester)
Premier League - Round 8
15 Oct 2016 11:30:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	1.718 (0.00010000 BTC)	|	1.641 (0.07260000 BTC)	|	1.401 (0.45290000 BTC)
Back Draw	|	4.149 (0.00010000 BTC)	|	3.761 (0.03680000 BTC)	|	3.467 (0.07360000 BTC)
Back Away	|	5.345 (0.00010000 BTC)	|	4.853 (0.02610000 BTC)	|	4.472 (0.05230000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	1.735 (0.00010000 BTC)	|	1.832 (0.07260000 BTC)	|	2.037 (0.18160000 BTC)
Lay Draw	|	4.193 (0.00010000 BTC)	|	5.584 (0.07260000 BTC)	|	41.847 (0.14650000 BTC)
Lay Away	|	5.403 (0.00010000 BTC)	|	7.281 (0.05500000 BTC)	|	36.430 (0.11000000 BTC)

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hi predimarket, please tell me why your site have just 1% margin. this site is  not an exchange.please argument why i should bet here. many bitcoin sportsbook have in the past greate odds just for attract bettors and then close the site. how many bettors have this sportsbook site to trust. in this forum is not verry much activity. thanks.

@braila

Sorry but I don't really understand your concern.

Why have we low margins? To attract bettors.
Is this site a scam? No, otherwise you can be sure people would have raged in the thread.

I tried to register, but I haven't received the verification e-mail yet (not even in spam) and it has been more than 8 hours. And, the website does not have any option to re-send...

Hi bestgr,

Sorry about your misfortune but thanks for reporting: we will investigate the issue asap.

Meanwhile, you can send me a private message with the e-mail you used for registering: I'll enable your account directly.

Best regards,
PrediMarket

Thanks. My account is activated now. I sent you a PM about my deposit.

I placed a couple of bets and I have some initial suggestions.

1) On active bets under "account", display the resolution date, so that we can quickly know when the bet is settled.
2) Display both the value at bet time (which is the amount the user risked) and the value if win, without having to click the "Action" button
3) Display the actual odds at which the bet was placed. Now in order to see that, I need to divide the two values.
4) I still haven't found how I can "cashout" a bet before its resolution time. I think it needs to be somewhere clear.


Edit:
One of the events where I bet finished more than an hour ago, but the bet still hasn't been graded. I take it grading is performed manually rather than automatically? If yes, this is the biggest change you should implement. The MOST important things to bitcoin gamblers are fast deposits/withdrawals, high limits and fast grading of bets so they can re-bet.

Thanks for your input!

I think bullets 1) and 3) can be implemented in our next release.
I am not so sure about 2) because of space management reasons (website has to functional from both desktop and mobile).

As for bullet 4), the cashout has been disabled for the time being (it was accessible from the Action drop-down button). Actually, it was functional when we offered only back bets but with the introduction of lay bets, it needs to be reworked to allow not only a full resell of the bet but any fraction (from 0% to 100%) of it. I am not sure if this is clear from the website in its current form.
But anyways, the cashout actually consists in placing a bet in the other way to counter your current position. For example, if you had a back bet on the Home victory, the cashout would place a lay bet on the Home victory with the same "magnitude" but with a cost calculated according to all the wages placed on the market so far. As a result, in practice, you can still cashout "manually" by placing an inverse bet: the cashout option simply made the exact match for you in terms of magnitude and made it clearer for the user.

Edit: Just saw your edit. The results of the fixtures are received automatically but we do require a manual confirmation of it before settling the bets. I understand it is a hindrance for players but if by any chance the result set for the fixture is not right (data provider mistake or whatever), then it might be difficult to reverse the payments as players could withdraw their money immediately. We could actually get rid of this manual confirmation step if we state that the game result as set in our system is subject to errors but cannot be argued about. Note that when I say errors might occur, it is probably around 0.1% of the time but still, the player experiencing it will be (legitimately) angry. You seem to be a seasoned gambler: do you think players would accept such terms i.e. trading game result reliability (0.1% of the time) against fast settlement?

Thanks for your reply. I totally understand what you mean about the settlement and I agree that you need to protect yourselves from such mistakes. To be honest, personally, I would prefer having fast settlements by sacrificing the fact that you have the right to revoke a payment in case of grading mistake, but, as you said, other people might be very angry seeing their payment revoked. So, I am not sure I can advise you on that matter, beyond my personal opinion.

Thanks for taking suggestions into account! Keep up the good work. I really like your website so far.

@bestgr

Again thanks for your feedback.

Skipping the human verification step would actually save us a significant workload.
We'll keep collecting opinions here and there and if people are willing to take the risk of an error, then we will grade the bets automatically: theoretically, it means players would get their payoffs about half an hour after the end of the game.

An idea on something you can do in order to not have this situation is to automatically grade all events where the total amount placed is less than X amount. This way, all the non-popular events will be graded really fast since they won't have many bets on them, and the most popular ones will be done manually. This way, even if an error on automatic grading happens, you won't lose much money, since the event has a small amount of bets.

I think this could save you lots of man-hours, without risking much.

@bestgr

Thank you for your suggestion!

After discussing it internally, we think it's an excellent idea and we will implement in our next release. I cannot tell you now what the wages threshold will be but it will be certainly made public when the new version of the website goes live.

Great to hear.

Could we chat on Skype? I have some other things that I would like to discuss with you. If so, please PM me your skype id and I will add you.

Here are our odds for the Full Time Result market of this upcoming game:

Tottenham vs Leicester (https://predimarket.net/market/view/4195/tottenham-vs-leicester)
Premier League - Round 10
29 Oct 2016 14:00:00 UTC

 | Min Depth | Avg Depth | Max Depth
Back Home | 1.707 (0.00010000 BTC) | 1.636 (0.08640000 BTC) | 1.426 (0.48670000 BTC)
Back Draw | 4.014 (0.00010000 BTC) | 3.678 (0.04290000 BTC) | 3.416 (0.08580000 BTC)
Back Away | 5.708 (0.00010000 BTC) | 5.238 (0.02680000 BTC) | 4.866 (0.05360000 BTC)

 | Min Depth | Avg Depth | Max Depth
Lay Home | 1.742 (0.00010000 BTC)  | 1.831 (0.08640000 BTC)  | 1.999 (0.20730000 BTC)  |
Lay Draw | 4.096 (0.00010000 BTC)  | 5.253 (0.08640000 BTC)  | 32.232 (0.19290000 BTC)  |
Lay Away | 5.826 (0.00010000 BTC)  | 7.865 (0.06480000 BTC)  | 42.581 (0.12970000 BTC)  |

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Temporary shut down announcement

Please see original post for details.

Respect for not running away with clients money, It shows that you are a good book, and because you also realized that money management is very important, that adds on to you being very good. If you guys decide to come back, I will be waiting. Good luck in the future.

Yes, I can confirm they paid my balance before shutdown the site.

Is there any update regarding PrediMarket? I really liked your website while it was up, and I really respect you for returning all balance money before shutting it down.

I really hope you will soon be back up!