Bitcoin Forum

Economy => Gambling discussion => Topic started by: jimcroce on January 04, 2018, 06:13:11 PM



Title: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: jimcroce on January 04, 2018, 06:13:11 PM
Welcome to Bookie!

https://www.peerplays.com/wp-content/uploads/2018/02/Bookie-HorzLogo-Black-RGB-400px-e1517881378236.png

Bookie (https://bookie.exchange) is a sports betting DApp (Decentralized Application) built entirely on the Peerplays (https://peerplays.com) blockchain. The only sports betting exchange of its kind, Bookie will bring decentralized, provably fair sports betting to the world.

Although we have some pretty clear ideas about the sports, leagues and betting markets Bookie should be offering at launch, we’d like to reach out to the sports betting and crypto communities to find out what YOU want to bet on with Bookie. Please comment, reply, and discuss what you’d like to see.

A few things to consider:
  • Which sports will be playing around the time of launch, currently scheduled for end of Q1?
  • Which sports have multiple major leagues or competitions?  
  • Which betting markets could prove popular beyond traditional Moneyline, Over/Under, Spread/Handicaps markets?
  • Which sports have mass appeal to the betting community?  
  • While we’d love for every sport to be represented at launch, it’s important to note that not all suggestions will make it to the Bookie launch product. However, expect to see a constant growing of the Bookie offering through 2018 and beyond - your input here could make sure your favourite betting market makes it to Bookie sooner rather than later.

Quick refresher:
The Sport is the activity. For example: basketball, hockey, soccer.
The League or Competition is NBA, NHL, EPL.

Please note, any questions you may have on how the betting will take place, how to buy bitcoin, and any other operational or user experience questions about the DApp will be answered in due time. For now, we want to center the discussion around Sports + Leagues/Competitions.

We look forward to hearing the community’s thoughts. Thanks!
- The Bookie Team

-----

More about Bookie
Bookie is a sports betting exchange app for desktop, offering you the back-and-lay flexibility that has traditionally only been available to bookmakers. The blockchain technology powering Bookie brings bettors from all over the world together, on one platform, in real-time. The result is a cutting-edge betting exchange experience that will satisfy the requirements of every professional sports bettor.

Where to follow us:
   Twitter (https://twitter.com/bookieapps)
   Newsletter (http://peerplays.us13.list-manage2.com/subscribe?u=25d455af2572c3720eef867f5&id=4d10776f33) (sign up for regular updates)
   Website (http://bookie.exchange)


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: testz on January 04, 2018, 07:51:53 PM
Nice to see you at Bitcointalk  ;)


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 05, 2018, 12:49:25 PM
Nice to see you at Bitcointalk  ;)

Thanks for the warm welcome!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: BillCoin on January 05, 2018, 03:25:22 PM
Sounds cool,  but I think that you should be specified on how is it going to work, and how the team is going to benefit from the project?
Are you going to set up an ICO or something like that?

As you are planning to begin operations really soon, you should be providing more info about the project, road map would be really important to make sure that the project would keep running.
Would recommend you to search for a way to make it an online site sportsbook exchange, it would make it much easier for people to bet through your site, as there are a lot of people who doesn't own a windows PC and want to bet from their smartphones, so online site would suit it.



Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Kohloe on January 06, 2018, 03:18:53 PM
cryptocurrencies are owned by men, about 95%. Betting is mainly done by males too.
Age range for cryptos is 20 to 35 years (old).

I'm from Germany and within this age range. Over here, soccer is definitely the most hyped sport and people do bet on it. However football (NHL NFL) is becoming more and more popular for young adults.

Personally I would like to see some political bets as well (e.g. who is becoming next president of USA).

I hope you will provide an API eventually - I guess there might be profitable arbitrage bets for the arbitrage community which will increase volume of bets and acceptance (& awareness) of Bookie


Good luck!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Kwfjr on January 07, 2018, 03:48:29 AM
I go to Vegas every year in March to bet on March Madness-NCAA Basketball. You could create brackets where users  pool their bets and the top 5 brackets pay out.  Or bet on a team making it to the final 4, or championship.

I think you could potentially disrupt fantasy sport leagues as well.

Looking forward to using Bookie


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Zackgeno96 on January 07, 2018, 12:18:43 PM
Football and Cricket are the most popular games for the sports betting. Football is popular all over the world and cricket is highly popular in indian subcontinent, UK, Australia, Caribbean and South Africa. There are many people who bets on the T20 cricket leagues like IPL and Big Bash league, so i would suggest you to also include cricket on your betting platform.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Juggy777 on January 07, 2018, 02:38:02 PM
Welcome to Bookie!

(Logo to follow... ;D)

Bookie (https://bookie.exchange) is a sports betting DApp (Decentralized Application) built entirely on the Peerplays (https://peerplays.com) blockchain. The only sports betting exchange of its kind, Bookie will bring decentralized, provably fair sports betting to the world.

Although we have some pretty clear ideas about the sports, leagues and betting markets Bookie should be offering at launch, we’d like to reach out to the sports betting and crypto communities to find out what YOU want to bet on with Bookie. Please comment, reply, and discuss what you’d like to see.

A few things to consider:
  • Which sports will be playing around the time of launch, currently scheduled for end of Q1?
  • Which sports have multiple major leagues or competitions?  
  • Which betting markets could prove popular beyond traditional Moneyline, Over/Under, Spread/Handicaps markets?
  • Which sports have mass appeal to the betting community?  
  • While we’d love for every sport to be represented at launch, it’s important to note that not all suggestions will make it to the Bookie launch product. However, expect to see a constant growing of the Bookie offering through 2018 and beyond - your input here could make sure your favourite betting market makes it to Bookie sooner rather than later.

Quick refresher:
The Sport is the activity. For example: basketball, hockey, soccer.
The League or Competition is NBA, NHL, EPL.

Please note, any questions you may have on how the betting will take place, how to buy bitcoin, and any other operational or user experience questions about the DApp will be answered in due time. For now, we want to center the discussion around Sports + Leagues/Competitions.

We look forward to hearing the community’s thoughts. Thanks!
- The Bookie Team

-----

More about Bookie
Bookie is a sports betting exchange app for desktop, offering you the back-and-lay flexibility that has traditionally only been available to bookmakers. The blockchain technology powering Bookie brings bettors from all over the world together, on one platform, in real-time. The result is a cutting-edge betting exchange experience that will satisfy the requirements of every professional sports bettor.

Where to follow us:
   Twitter (https://twitter.com/bookieapps)
   Newsletter (http://peerplays.us13.list-manage2.com/subscribe?u=25d455af2572c3720eef867f5&id=4d10776f33) (sign up for regular updates)
   Website (http://bookie.exchange)


I would recommend you to start a signature campaign out here so you get more publicity. Then start with football and cricket bets. Also do a giveaway, you could ask people to deposit any money, or just do any random amount of money to be given as part of promotion. Also you'll have to give some proof you're legit I'm sure people will not trust you right away, so I think getting a legendary member to vouch for you will be a good idea.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Kohloe on January 08, 2018, 06:53:12 PM
Something special would be to bet on the next LOL or DOTA 2 championship. A lot of crypto enthusiasts are gamers. The pricepool for the 2017 DOTA2 tournament "The international" was stunning 25 Million USD (source https://www.esportsearnings.com/comparisons/zcdd-dota-2-vs-lol).

sportbetting
e-sportbetting

I'm not sure if there is any possibility to bet on esport yet.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 08, 2018, 07:08:25 PM
Sounds cool,  but I think that you should be specified on how is it going to work, and how the team is going to benefit from the project?
Are you going to set up an ICO or something like that?

As you are planning to begin operations really soon, you should be providing more info about the project, road map would be really important to make sure that the project would keep running.
Would recommend you to search for a way to make it an online site sportsbook exchange, it would make it much easier for people to bet through your site, as there are a lot of people who doesn't own a windows PC and want to bet from their smartphones, so online site would suit it.



Hi @BillCoin,

We're doing an announcement later in January with even more details. In the meantime, it's worth reminding that we are actually part of the Peerplays Blockchain Standards Association (PBSA). You can read about and follow Bookie in the links provided in the original post. You can also read up on PBSA here. (https://pbsa.info)

Thanks!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 08, 2018, 07:21:19 PM
cryptocurrencies are owned by men, about 95%. Betting is mainly done by males too.
Age range for cryptos is 20 to 35 years (old).

I'm from Germany and within this age range. Over here, soccer is definitely the most hyped sport and people do bet on it. However football (NHL NFL) is becoming more and more popular for young adults.

Personally I would like to see some political bets as well (e.g. who is becoming next president of USA).

I hope you will provide an API eventually - I guess there might be profitable arbitrage bets for the arbitrage community which will increase volume of bets and acceptance (& awareness) of Bookie


Good luck!

Hi Kohloe,

Thanks for the message. We definitely plan to provide an API so that anyone can jump onboard Bookie. More info on that will follow as we get closer to launch.

And thanks for the suggestion!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 08, 2018, 07:33:40 PM
I go to Vegas every year in March to bet on March Madness-NCAA Basketball. You could create brackets where users  pool their bets and the top 5 brackets pay out.  Or bet on a team making it to the final 4, or championship.

I think you could potentially disrupt fantasy sport leagues as well.

Looking forward to using Bookie

March Madness would be great, and we're sorry to say we'll just miss it in 2018. Looking forward to the tournament in 2019!

Thanks for your input.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 08, 2018, 07:45:52 PM
Football and Cricket are the most popular games for the sports betting. Football is popular all over the world and cricket is highly popular in indian subcontinent, UK, Australia, Caribbean and South Africa. There are many people who bets on the T20 cricket leagues like IPL and Big Bash league, so i would suggest you to also include cricket on your betting platform.

Great call on cricket. We'd love to go live with that but it's a question of the variety of game types and other variables to balance up. As for football (assuming you mean soccer, here), you'll most likely see this at launch.

Thanks!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 08, 2018, 08:14:32 PM
Welcome to Bookie!

(Logo to follow... ;D)

Bookie (https://bookie.exchange) is a sports betting DApp (Decentralized Application) built entirely on the Peerplays (https://peerplays.com) blockchain. The only sports betting exchange of its kind, Bookie will bring decentralized, provably fair sports betting to the world.

Although we have some pretty clear ideas about the sports, leagues and betting markets Bookie should be offering at launch, we’d like to reach out to the sports betting and crypto communities to find out what YOU want to bet on with Bookie. Please comment, reply, and discuss what you’d like to see.

A few things to consider:
  • Which sports will be playing around the time of launch, currently scheduled for end of Q1?
  • Which sports have multiple major leagues or competitions?  
  • Which betting markets could prove popular beyond traditional Moneyline, Over/Under, Spread/Handicaps markets?
  • Which sports have mass appeal to the betting community?  
  • While we’d love for every sport to be represented at launch, it’s important to note that not all suggestions will make it to the Bookie launch product. However, expect to see a constant growing of the Bookie offering through 2018 and beyond - your input here could make sure your favourite betting market makes it to Bookie sooner rather than later.

Quick refresher:
The Sport is the activity. For example: basketball, hockey, soccer.
The League or Competition is NBA, NHL, EPL.

Please note, any questions you may have on how the betting will take place, how to buy bitcoin, and any other operational or user experience questions about the DApp will be answered in due time. For now, we want to center the discussion around Sports + Leagues/Competitions.

We look forward to hearing the community’s thoughts. Thanks!
- The Bookie Team

-----

More about Bookie
Bookie is a sports betting exchange app for desktop, offering you the back-and-lay flexibility that has traditionally only been available to bookmakers. The blockchain technology powering Bookie brings bettors from all over the world together, on one platform, in real-time. The result is a cutting-edge betting exchange experience that will satisfy the requirements of every professional sports bettor.

Where to follow us:
   Twitter (https://twitter.com/bookieapps)
   Newsletter (http://peerplays.us13.list-manage2.com/subscribe?u=25d455af2572c3720eef867f5&id=4d10776f33) (sign up for regular updates)
   Website (http://bookie.exchange)


I would recommend you to start a signature campaign out here so you get more publicity. Then start with football and cricket bets. Also do a giveaway, you could ask people to deposit any money, or just do any random amount of money to be given as part of promotion. Also you'll have to give some proof you're legit I'm sure people will not trust you right away, so I think getting a legendary member to vouch for you will be a good idea.

Thanks, we're going to do an announcement fairly soon, and will definitely consider different ways we can promote this. We have an onchain referral program in the pipeline, and we'll post more on that at a later date.

Great idea about having a legendary member on board! Did you have one in mind? Our beta testing is starting in the next month.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: An0nyMoose on January 08, 2018, 08:34:25 PM
Something special would be to bet on the next LOL or DOTA 2 championship. A lot of crypto enthusiasts are gamers. The pricepool for the 2017 DOTA2 tournament "The international" was stunning 25 Million USD (source https://www.esportsearnings.com/comparisons/zcdd-dota-2-vs-lol).

sportbetting
e-sportbetting

I'm not sure if there is any possibility to bet on esport yet.

I second this.

Never in my lifetime would I have thought that "eSports" would become so legit and mainstream. Think about a decade ago even, there were barely anyone in the world making a living only from playing video games professionally and now we have $25,000,000 tournaments?! Incredible.

I think lots of younger folk would be betting on these things.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: DMo09 on January 12, 2018, 02:53:41 AM
Slightly off topic, but something along these lines:
http://www.espn.com/chalk/story/_/id/21958147/gambling-westgate-supercontest-winner-claims-13-million-prize


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Nerman on January 12, 2018, 03:07:02 AM
Something special would be to bet on the next LOL or DOTA 2 championship. A lot of crypto enthusiasts are gamers. The pricepool for the 2017 DOTA2 tournament "The international" was stunning 25 Million USD (source https://www.esportsearnings.com/comparisons/zcdd-dota-2-vs-lol).

sportbetting
e-sportbetting

I'm not sure if there is any possibility to bet on esport yet.

I second this.

Never in my lifetime would I have thought that "eSports" would become so legit and mainstream. Think about a decade ago even, there were barely anyone in the world making a living only from playing video games professionally and now we have $25,000,000 tournaments?! Incredible.

I think lots of younger folk would be betting on these things.

Yes you should consider E-sports, you totally will have a market worldwide. I do not came across a site that allows us to bet on our favorite team and if you add it you will be first of its kind.

Also you may add boxing and MMA fights i know the competition is tough on those sports but I am pretty sure there will still be bettors if your market is worldwide.

Good luck to your project.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: rehcas on January 12, 2018, 04:44:32 PM
I basically only interested in football NFL but super bowl is nearly around so it does not make any sense to add it from the beginning and rather concentrate sport event which occur after the official launch of bookie.

I would like to see
soccer: Champions League and Europe League and of course world championship
Olympic summer games
 
and events I don´t know any dates:
esports: dota, lol, cs:go
boxing and ufc



Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: a2jimenez on January 12, 2018, 04:50:11 PM
El Clasico (Real Madrid - Barcelona) is on May 6th. Would be great to test the app with that event. I've read that only in Spain, betting is about $25 millions for that event only.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Lionidas on January 12, 2018, 05:10:31 PM
This is the second sports book coming to the ethereum blockchain and starting that way with an exchange platform.
This is good for the business and will bring alot more players to your sites who use crypto.

I have not seen very many sites as they are scattered all over the place and have lost interest in most.

But yours looks promising and you already have a customer base here from the sounds of it with the previous posters congratulating you for making your "arrival" on bitcoin talk forums, finally. ;D


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: a2jimenez on January 12, 2018, 05:12:52 PM
I think you misunderstood, Bookie is based on Peerplays blockchain, not ethereum.


This is the second sports book coming to the ethereum blockchain and starting that way with an exchange platform.
This is good for the business and will bring alot more players to your sites who use crypto.

I have not seen very many sites as they are scattered all over the place and have lost interest in most.

But yours looks promising and you already have a customer base here from the sounds of it with the previous posters congratulating you for making your "arrival" on bitcoin talk forums, finally. ;D
[/quote


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: CoupeFanatic on January 13, 2018, 04:15:02 AM
E-sports add would be a really good choice. esports betting has seen unprecedented growth over the past few years with games like League of Legends, Dota 2, Counter Strike and many more competitive games.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: sahkan on January 14, 2018, 01:49:16 AM
World Cup 2018 would be the best event to kick it off with.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Wind_FURY on January 14, 2018, 05:09:24 AM
OP, do you really need censorship resistance and go through the inefficiencies of the blockchain only to set up a sports betting exchange? What is the value proposition of this idea and what difference does it make if I use a regulated counterpart of your service that accepts Bitcoins and altcoins?


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 16, 2018, 12:51:38 PM
Something special would be to bet on the next LOL or DOTA 2 championship. A lot of crypto enthusiasts are gamers. The pricepool for the 2017 DOTA2 tournament "The international" was stunning 25 Million USD (source https://www.esportsearnings.com/comparisons/zcdd-dota-2-vs-lol).

sportbetting
e-sportbetting

I'm not sure if there is any possibility to bet on esport yet.

Interesting suggestion, thanks! This is another one for which we'd have to look into the logistics and feasibility of it all. Thanks for your response.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 16, 2018, 01:04:08 PM
Something special would be to bet on the next LOL or DOTA 2 championship. A lot of crypto enthusiasts are gamers. The pricepool for the 2017 DOTA2 tournament "The international" was stunning 25 Million USD (source https://www.esportsearnings.com/comparisons/zcdd-dota-2-vs-lol).

sportbetting
e-sportbetting

I'm not sure if there is any possibility to bet on esport yet.

I second this.

Never in my lifetime would I have thought that "eSports" would become so legit and mainstream. Think about a decade ago even, there were barely anyone in the world making a living only from playing video games professionally and now we have $25,000,000 tournaments?! Incredible.

I think lots of younger folk would be betting on these things.

That does sound incredible! I think this is something we'll have to look into on a deeper level. Thanks for the response.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 16, 2018, 01:11:15 PM
Slightly off topic, but something along these lines:
http://www.espn.com/chalk/story/_/id/21958147/gambling-westgate-supercontest-winner-claims-13-million-prize

That's interesting for sure. It's not something we can launch with, but definitely something a bit different.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 16, 2018, 03:30:57 PM
Something special would be to bet on the next LOL or DOTA 2 championship. A lot of crypto enthusiasts are gamers. The pricepool for the 2017 DOTA2 tournament "The international" was stunning 25 Million USD (source https://www.esportsearnings.com/comparisons/zcdd-dota-2-vs-lol).

sportbetting
e-sportbetting

I'm not sure if there is any possibility to bet on esport yet.

I second this.

Never in my lifetime would I have thought that "eSports" would become so legit and mainstream. Think about a decade ago even, there were barely anyone in the world making a living only from playing video games professionally and now we have $25,000,000 tournaments?! Incredible.

I think lots of younger folk would be betting on these things.

Yes you should consider E-sports, you totally will have a market worldwide. I do not came across a site that allows us to bet on our favorite team and if you add it you will be first of its kind.

Also you may add boxing and MMA fights i know the competition is tough on those sports but I am pretty sure there will still be bettors if your market is worldwide.

Good luck to your project.

Another person interested in e-sports. Interesting. Boxing and MMA are definitely very popular. Thanks for your suggestions, and thanks for the good luck message :)


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 16, 2018, 06:46:05 PM
I basically only interested in football NFL but super bowl is nearly around so it does not make any sense to add it from the beginning and rather concentrate sport event which occur after the official launch of bookie.

I would like to see
soccer: Champions League and Europe League and of course world championship
Olympic summer games
 
and events I don´t know any dates:
esports: dota, lol, cs:go
boxing and ufc


Super Bowl would have been great for 2018 but we'll just miss it. And good clarification of the soccer leagues that interest you. Thanks!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 16, 2018, 06:54:54 PM
El Clasico (Real Madrid - Barcelona) is on May 6th. Would be great to test the app with that event. I've read that only in Spain, betting is about $25 millions for that event only.

Good suggestion! That's a fair amount of betting for one event.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 16, 2018, 07:20:34 PM
This is the second sports book coming to the ethereum blockchain and starting that way with an exchange platform.
This is good for the business and will bring alot more players to your sites who use crypto.

I have not seen very many sites as they are scattered all over the place and have lost interest in most.

But yours looks promising and you already have a customer base here from the sounds of it with the previous posters congratulating you for making your "arrival" on bitcoin talk forums, finally. ;D

Hey, thanks for the message and for your interest!

We are actually built on the Peerplays (http://peerplays.com) blockchain, which is built on Graphene technology.

And you're right about another thing - we have a great, active community! And we're happy to have you as a potential new member of said community :)


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 16, 2018, 07:32:54 PM
E-sports add would be a really good choice. esports betting has seen unprecedented growth over the past few years with games like League of Legends, Dota 2, Counter Strike and many more competitive games.

You're not the first to suggest eSports. The level of interest is, well, interesting.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 16, 2018, 07:40:44 PM
World Cup 2018 would be the best event to kick it off with.

We plan to launch before then, but great idea!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 16, 2018, 07:52:07 PM
I'm not really a fan but I think MMA is pretty popular...

Based on the responses, you appear to be correct.

Thanks for the answer!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 16, 2018, 08:16:32 PM
OP, do you really need censorship resistance and go through the inefficiencies of the blockchain only to set up a sports betting exchange? What is the value proposition of this idea and what difference does it make if I use a regulated counterpart of your service that accepts Bitcoins and altcoins?

Hi Wind_FURY, good questions.

Some of the key reasons for us building Bookie on top of a blockchain (well, not any old blockchain, it's the Peerplays blockchain, which is built specifically for gaming and betting apps):

  • Provably fair - All source code for Bookie will be available on Github. No secrets.
  • Real-time transparency - All Bookie bets published on a public ledger in real-time. No more doubts or arguments about what bet was or was not made, what the stakes were, for how much, etc.
  • Decentralization - assuming posters here see the benefits of a decentralized currency :) ... we think there are similar upsides to bringing decentralization to sports betting. And a betting exchange (P2P) is a great fit for decentralization, as opposed to a sportsbook/house model which is de facto centralized.

Regarding censorship-resistance in sports betting, this could be seen to have value for someone who finds themselves in a situation where such censorship is practiced.

Hope that answers your questions!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: gandalfs on January 17, 2018, 03:39:11 AM
I would really like to see options for betting on Oscar winners (Academy Awards)!

Possibly also betting for the Emmy and Grammy show down the road, but Oscars is definitely the biggest!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Wind_FURY on January 17, 2018, 04:46:04 AM
OP, do you really need censorship resistance and go through the inefficiencies of the blockchain only to set up a sports betting exchange? What is the value proposition of this idea and what difference does it make if I use a regulated counterpart of your service that accepts Bitcoins and altcoins?

Hi Wind_FURY, good questions.

Some of the key reasons for us building Bookie on top of a blockchain (well, not any old blockchain, it's the Peerplays blockchain, which is built specifically for gaming and betting apps):

  • Provably fair - All source code for Bookie will be available on Github. No secrets.
  • Real-time transparency - All Bookie bets published on a public ledger in real-time. No more doubts or arguments about what bet was or was not made, what the stakes were, for how much, etc.


The same can be achieved by your centralized counterparts, so there is no added value in using a blockchain there. You will also for sure have problems with scaling some time in the future, unless your solution is not to have a large userbase. But how would you attempt to solve that if you do?

Quote
  • Decentralization - assuming posters here see the benefits of a decentralized currency :) ... we think there are similar upsides to bringing decentralization to sports betting. And a betting exchange (P2P) is a great fit for decentralization, as opposed to a sportsbook/house model which is de facto centralized.

Regarding censorship-resistance in sports betting, this could be seen to have value for someone who finds themselves in a situation where such censorship is practiced.

Hope that answers your questions!

I could see some benefits of censorship resistance in your service. A good example of it would be if you are running an illegal and unlicensed P2P betting exchange. Are you running one?


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: DMo09 on January 17, 2018, 05:57:10 AM
OP, do you really need censorship resistance and go through the inefficiencies of the blockchain only to set up a sports betting exchange? What is the value proposition of this idea and what difference does it make if I use a regulated counterpart of your service that accepts Bitcoins and altcoins?

Hi Wind_FURY, good questions.

Some of the key reasons for us building Bookie on top of a blockchain (well, not any old blockchain, it's the Peerplays blockchain, which is built specifically for gaming and betting apps):

  • Provably fair - All source code for Bookie will be available on Github. No secrets.
  • Real-time transparency - All Bookie bets published on a public ledger in real-time. No more doubts or arguments about what bet was or was not made, what the stakes were, for how much, etc.


The same can be achieved by your centralized counterparts, so there is no added value in using a blockchain there. You will also for sure have problems with scaling some time in the future, unless your solution is not to have a large userbase. But how would you attempt to solve that if you do?

Quote
  • Decentralization - assuming posters here see the benefits of a decentralized currency :) ... we think there are similar upsides to bringing decentralization to sports betting. And a betting exchange (P2P) is a great fit for decentralization, as opposed to a sportsbook/house model which is de facto centralized.

Regarding censorship-resistance in sports betting, this could be seen to have value for someone who finds themselves in a situation where such censorship is practiced.

Hope that answers your questions!

I could see some benefits of censorship resistance in your service. A good example of it would be if you are running an illegal and unlicensed P2P betting exchange. Are you running one?

Graphene / DPoS / Peerplays have no problem scaling.
https://hackernoon.com/explain-delegated-proof-of-stake-like-im-5-888b2a74897d
https://bitshares.org/technology/delegated-proof-of-stake-consensus/


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Bolt Brownie on January 17, 2018, 01:40:12 PM
I'm glad more decentralized sports betting are arriving these days, they will be a really improvement in terms of trust and security in the online betting community. As for your questions, I usually only bet on football, and tennis, so for me those would be enough. Major European leagues would be mandatory in football, as well as Champions o course. As for tennis, I would settle with grand slams and major tournaments. I like seeing a good option of markets, but they are useless if they don't have liquidity, so I'm ok with the basics as well. There is something I really like, that is the ability to lay teams, since it opens a lot of opportunities in sports betting, and normally results in better odds. Are you going to allow bets against and in favor in your markets?


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 17, 2018, 04:42:50 PM
I would really like to see options for betting on Oscar winners (Academy Awards)!

Possibly also betting for the Emmy and Grammy show down the road, but Oscars is definitely the biggest!

Hi gandalfs,

Very fun idea. Could certainly be something we look into one day. Thanks for the message!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 17, 2018, 07:11:46 PM
Thanks again for the questions! Will jump right in...

OP, do you really need censorship resistance and go through the inefficiencies of the blockchain only to set up a sports betting exchange? What is the value proposition of this idea and what difference does it make if I use a regulated counterpart of your service that accepts Bitcoins and altcoins?

Hi Wind_FURY, good questions.

Some of the key reasons for us building Bookie on top of a blockchain (well, not any old blockchain, it's the Peerplays blockchain, which is built specifically for gaming and betting apps):

  • Provably fair - All source code for Bookie will be available on Github. No secrets.
  • Real-time transparency - All Bookie bets published on a public ledger in real-time. No more doubts or arguments about what bet was or was not made, what the stakes were, for how much, etc.


The same can be achieved by your centralized counterparts, so there is no added value in using a blockchain there.


With a centralized architecture, there is always a single authority who decides what transactional information is released and when (if ever).

By using the Peerplays blockchain as back-end, Bookie as a matter of fact has full, public, real-time disclosure of all transactions. This is built in to the tech - every bet

By the way, does anyone know of any centralized sportsbooks or exchanges that offer full, public disclosure of every transaction in real-time? We haven't heard of any, but interested to hear others' experience.



You will also for sure have problems with scaling some time in the future


Thanks to the Dmo09 for bringing up how DPoS & Graphene allows the Peerplays blockchain to scale (up to 10,000 transactions per second and beyond).

More info (including the BitShares stress test) can be found here:
https://www.peerplays.com/resources/#graphene



Regarding censorship-resistance in sports betting, this could be seen to have value for someone who finds themselves in a situation where such censorship is practiced.

Hope that answers your questions!

I could see some benefits of censorship resistance in your service. A good example of it would be if you are running an illegal and unlicensed P2P betting exchange. Are you running one?

The Bookie app is being developed by PBSA (that's us!) - check out http://bookie.exchange/ for the back story.

Once released, the Bookie app will be downloaded by end users and connect to the Peerplays blockchain, which takes care of all bet matching and settlement. The Peerplays blockchain is fully decentralized. PBSA has no operational or executive role in its operation. Independent "Witnesses" run the Peerplays blockchain (https://www.peerplays.com/governance/#witnesses).

So... No. PBSA is not running a betting exchange, unlicensed or otherwise.

But this is new tech and it doesn't fit neatly into established, traditional models. We really appreciate people like Wind_FURY taking the time to help us explain the disruptive tech behind Bookie and Peerplays.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 17, 2018, 07:21:55 PM
OP, do you really need censorship resistance and go through the inefficiencies of the blockchain only to set up a sports betting exchange? What is the value proposition of this idea and what difference does it make if I use a regulated counterpart of your service that accepts Bitcoins and altcoins?

Hi Wind_FURY, good questions.

Some of the key reasons for us building Bookie on top of a blockchain (well, not any old blockchain, it's the Peerplays blockchain, which is built specifically for gaming and betting apps):

  • Provably fair - All source code for Bookie will be available on Github. No secrets.
  • Real-time transparency - All Bookie bets published on a public ledger in real-time. No more doubts or arguments about what bet was or was not made, what the stakes were, for how much, etc.


The same can be achieved by your centralized counterparts, so there is no added value in using a blockchain there. You will also for sure have problems with scaling some time in the future, unless your solution is not to have a large userbase. But how would you attempt to solve that if you do?

Quote
  • Decentralization - assuming posters here see the benefits of a decentralized currency :) ... we think there are similar upsides to bringing decentralization to sports betting. And a betting exchange (P2P) is a great fit for decentralization, as opposed to a sportsbook/house model which is de facto centralized.

Regarding censorship-resistance in sports betting, this could be seen to have value for someone who finds themselves in a situation where such censorship is practiced.

Hope that answers your questions!

I could see some benefits of censorship resistance in your service. A good example of it would be if you are running an illegal and unlicensed P2P betting exchange. Are you running one?

Graphene / DPoS / Peerplays have no problem scaling.
https://hackernoon.com/explain-delegated-proof-of-stake-like-im-5-888b2a74897d
https://bitshares.org/technology/delegated-proof-of-stake-consensus/

As mentioned in a previous reply, thanks again for bringing up the scaling abilities of the Peerplays blockchain!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 17, 2018, 08:20:23 PM
I'm glad more decentralized sports betting are arriving these days, they will be a really improvement in terms of trust and security in the online betting community. As for your questions, I usually only bet on football, and tennis, so for me those would be enough. Major European leagues would be mandatory in football, as well as Champions o course. As for tennis, I would settle with grand slams and major tournaments. I like seeing a good option of markets, but they are useless if they don't have liquidity, so I'm ok with the basics as well. There is something I really like, that is the ability to lay teams, since it opens a lot of opportunities in sports betting, and normally results in better odds. Are you going to allow bets against and in favor in your markets?

Hi Bolt Brownie,

Thanks for sharing your thoughts, and for your interest in Bookie.

To answer your question: Yes, Bookie will allow users to Back or Lay any selection (team/player).
This feature - allowing users to take either side of a bet - sits at the core of the betting exchange experience. It provides users with a much more flexible way of interacting with betting markets,  compared to the traditional sportsbook model.

As you correctly point out, liquidity is a key requirement for any functioning betting exchange. Part of the Bookie development effort is directed at providing well-documented APIs so that market makers can bring liquidity to Bookie, in the same way as occurs with existing exchanges. More news on this in the coming months.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Wind_FURY on January 18, 2018, 05:55:52 AM
Thanks again for the questions! Will jump right in...

OP, do you really need censorship resistance and go through the inefficiencies of the blockchain only to set up a sports betting exchange? What is the value proposition of this idea and what difference does it make if I use a regulated counterpart of your service that accepts Bitcoins and altcoins?

Hi Wind_FURY, good questions.

Some of the key reasons for us building Bookie on top of a blockchain (well, not any old blockchain, it's the Peerplays blockchain, which is built specifically for gaming and betting apps):

  • Provably fair - All source code for Bookie will be available on Github. No secrets.
  • Real-time transparency - All Bookie bets published on a public ledger in real-time. No more doubts or arguments about what bet was or was not made, what the stakes were, for how much, etc.


The same can be achieved by your centralized counterparts, so there is no added value in using a blockchain there.


With a centralized architecture, there is always a single authority who decides what transactional information is released and when (if ever).

By using the Peerplays blockchain as back-end, Bookie as a matter of fact has full, public, real-time disclosure of all transactions. This is built in to the tech - every bet

By the way, does anyone know of any centralized sportsbooks or exchanges that offer full, public disclosure of every transaction in real-time? We haven't heard of any, but interested to hear others' experience.

It is not a question of who is first to do it but does it give your service more value. But I am sure an argument can be made for yes it can and no it does not. But if your service is tied with gambling, I believe some things must remain private.

Quote

You will also for sure have problems with scaling some time in the future


Thanks to the Dmo09 for bringing up how DPoS & Graphene allows the Peerplays blockchain to scale (up to 10,000 transactions per second and beyond).

More info (including the BitShares stress test) can be found here:
https://www.peerplays.com/resources/#graphene

I will look into this. I know there are some top Bitcoiners who argue that DPOS sacrifices some decentralization, and plain POS is not a very good way to secure blockchains. I will read up on them and come back.

Quote

Regarding censorship-resistance in sports betting, this could be seen to have value for someone who finds themselves in a situation where such censorship is practiced.

Hope that answers your questions!

I could see some benefits of censorship resistance in your service. A good example of it would be if you are running an illegal and unlicensed P2P betting exchange. Are you running one?

The Bookie app is being developed by PBSA (that's us!) - check out http://bookie.exchange/ for the back story.

Once released, the Bookie app will be downloaded by end users and connect to the Peerplays blockchain, which takes care of all bet matching and settlement. The Peerplays blockchain is fully decentralized. PBSA has no operational or executive role in its operation. Independent "Witnesses" run the Peerplays blockchain (https://www.peerplays.com/governance/#witnesses).

So... No. PBSA is not running a betting exchange, unlicensed or otherwise.

But this is new tech and it doesn't fit neatly into established, traditional models. We really appreciate people like Wind_FURY taking the time to help us explain the disruptive tech behind Bookie and Peerplays.

You are playing loop the loop with the regulators. Hahaha. But does the service have a token? It reminds me a lot like the DAO, in how everything is set up.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Judester on January 19, 2018, 05:22:36 PM
Not quite sure how you will get away with not being classified as a betting exchange certainly from what I read about UK gaming law.
But hope you manage to pull it off as its high time the traditional sportsbooks who make millions and offer bad value to punters were disrupted! ;D

Will you also be regulated to Oracles for event result determination?


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: darksideday on January 19, 2018, 10:08:49 PM
I think you would be mad not to have horse racing. Especially UK horse racing. It's always exchange's biggest earners due to the number of races in a given day which for UK & Ireland is over 20+. End of Q1 is Cheltenham festival where volume on betfair is over £120m turnover not to mention the other exchanges.. I think you should really consider it as an alternative, much bigger market than e-sports market where currently no real interest on current exchanges.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 22, 2018, 07:45:23 PM
Not quite sure how you will get away with not being classified as a betting exchange certainly from what I read about UK gaming law.
But hope you manage to pull it off as its high time the traditional sportsbooks who make millions and offer bad value to punters were disrupted! ;D

Will you also be regulated to Oracles for event result determination?

Hi Judester, Bookie will be fed with sports data through a decentralized Oracle system.

Thanks!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on January 22, 2018, 08:01:19 PM
I think you would be mad not to have horse racing. Especially UK horse racing. It's always exchange's biggest earners due to the number of races in a given day which for UK & Ireland is over 20+. End of Q1 is Cheltenham festival where volume on betfair is over £120m turnover not to mention the other exchanges.. I think you should really consider it as an alternative, much bigger market than e-sports market where currently no real interest on current exchanges.

Hi darksideday, yes horse racing is hugely popular. Bookie won’t be offering this at launch, though, as it’s a little more complicated to bring to a decentralized betting exchange than other sports. But, it’s on our radar for the future. 

Agreed that betting on e-sports is minimal right now, but will be interesting to see how it grows.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: mr-whitekey on January 25, 2018, 10:24:51 PM
How will Bookie verify the results?


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: buwaytress on January 27, 2018, 07:27:01 PM
Additional question to upper one - is it possible to void, modify results, unsettle bets manually? Jurisdiction rules (Regulation organizations) will be applicable (which one?) to bookie or you will be some type of  outlaw?

Actually, good question. At the moment, only one or two crypto-accepting bookies have good documentation on some of the unconventional rulings for sports bets. In general, most bets will be easily settled, but when there are contentious events (was the goal scored in 90th or 91st minute?), how long must the boxing match round last to be considered a full round (remember the controversy with Mayweather/Connor in August on a lot of bets made lasting 10 rounds)?

I'm guessing any blockchain-based sportsbook (I don't know Peerplay very well unfortunatel) could benefit from smart contracts that make some rules very clear, arbitrated by... some parties?


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: belk001 on January 28, 2018, 02:55:36 AM
The poker world series would be a good one - bet on who you think the finalist would be/winner


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on February 01, 2018, 06:48:28 PM
How will Bookie verify the results?

Hello mr-whitekey,

Bookie will source all sports data and results using a decentralized Oracle system that is built into the underlying Peerplays blockchain. This Oracle system is fed by multiple sports data feeds.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on February 01, 2018, 07:00:47 PM
Additional question to upper one - is it possible to void, modify results, unsettle bets manually? Jurisdiction rules (Regulation organizations) will be applicable (which one?) to bookie or you will be some type of  outlaw?

Node operators ("Witnesses" on the Peerplays blockchain) on the Peerplays blockchain will be able to manually report results (although we expect 99.9% of results to be handled automatically by the Oracle system). However, no single Witness will have the power to decide results/voids/bet settlements - it will require a majority (50%+1) of Witnesses to agree on results and bet settlements before they become accepted as "fact" by Bookie.

At launch, there will be no "resettlement" of bets. But a feature for Bookie is scheduled for release later in 2018 that will allow bettors to flag results they think are wrong and, if a certain number of users flag a particular result, Witnesses will be obliged to resettle the market manually to ensure correct resolution. More details on this later in the year.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on February 01, 2018, 07:06:40 PM
Additional question to upper one - is it possible to void, modify results, unsettle bets manually? Jurisdiction rules (Regulation organizations) will be applicable (which one?) to bookie or you will be some type of  outlaw?

Actually, good question. At the moment, only one or two crypto-accepting bookies have good documentation on some of the unconventional rulings for sports bets. In general, most bets will be easily settled, but when there are contentious events (was the goal scored in 90th or 91st minute?), how long must the boxing match round last to be considered a full round (remember the controversy with Mayweather/Connor in August on a lot of bets made lasting 10 rounds)?

I'm guessing any blockchain-based sportsbook (I don't know Peerplay very well unfortunatel) could benefit from smart contracts that make some rules very clear, arbitrated by... some parties?

Right - on-chain smart contracts are at the heart of what Bookie is doing. The actual algorithms that are used to settle any particular market will be published for anyone to check. We do not foresee a need for arbitration (these settling algorithms should just do their job) but, as above, manual settlement by Witnesses is always a last resort. As always, a majority of Witnesses need to agree on a result/settlement before it gets executed.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on February 01, 2018, 07:28:24 PM
The poker world series would be a good one - bet on who you think the finalist would be/winner

That’s an interesting idea. Could be something that’s added in time, but not likely for launch. Thanks for the suggestion!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: jburr-witness on February 01, 2018, 10:35:05 PM
I'd love to see some support for the masters. Its in early April, so it should be right after bookie release.  Plenty of my acquaintances love betting on it, but it isn't a simple binary outcome like many sporting events would be.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: jburr-witness on February 01, 2018, 11:04:30 PM
Also, just a few features I'd like to see since we don't hear from you all as often on telegram anymore.

- I think the feature that needs to be emphasized the most is the peer to peer nature of the exchange. I think it would be a cool addition if you could add people as friends, and send them bets directly to accept or decline. This would make it much more interactive for friends to enjoy, and thus, spread that much more virally.  And, it could become one of those things where people's casual bets that they never follow through with would be enforced on the blockchain. So you could never say "oh well we never shook on it so it doesn't count."

- Much like the bitshares system, Bookie needs a dollar-stable currency.  I think a ppyUSD would be a great way for newbies to mitigate their risk of using the ppy system and remove the volatility, while allowing those of us who believe deeply in the project to shoulder that risk/reward by creating ppyUSD. I don't think the cryptocurrency world will adopt a good betting platform unless this is an added feature. The casual bettor just wont accept betting $5, winning, and then getting $5 back because the cryptomarket tanked like it is now. I'm guessing this should be a relatively easy addition, considering ppy's roots in bitshares/graphene. I have said this before, but have never heard back on how/if this will be implemented, but I think it would be a very strong selling point to potential users.

I may chime in with other features if/when I think of them, but thanks for your time.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Hhampuz on February 02, 2018, 12:13:40 AM
This looks exciting if you'll be able to pull it off in the manner you expect to!

I'd like to see eSports, mainly CS:GO being added as there's currently not that many bookies around offering good options for it.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: buwaytress on February 02, 2018, 08:30:08 AM
Additional question to upper one - is it possible to void, modify results, unsettle bets manually? Jurisdiction rules (Regulation organizations) will be applicable (which one?) to bookie or you will be some type of  outlaw?

Actually, good question. At the moment, only one or two crypto-accepting bookies have good documentation on some of the unconventional rulings for sports bets. In general, most bets will be easily settled, but when there are contentious events (was the goal scored in 90th or 91st minute?), how long must the boxing match round last to be considered a full round (remember the controversy with Mayweather/Connor in August on a lot of bets made lasting 10 rounds)?

I'm guessing any blockchain-based sportsbook (I don't know Peerplay very well unfortunatel) could benefit from smart contracts that make some rules very clear, arbitrated by... some parties?

Right - on-chain smart contracts are at the heart of what Bookie is doing. The actual algorithms that are used to settle any particular market will be published for anyone to check. We do not foresee a need for arbitration (these settling algorithms should just do their job) but, as above, manual settlement by Witnesses is always a last resort. As always, a majority of Witnesses need to agree on a result/settlement before it gets executed.

Thanks for the response - like I said, I'm not aware of any smart contract model used yet for sportsbooks, but as you explain, that very basic application is already extremely useful in sports bet settlements. I have only been betting in sports for a few years but have seen several contentious decisions taken by bookies even with comprehensive rules on settlement.

But with newer sports like MMA especially or even e-sports, I doubt bookies have really refined the rules, or there are too obscure for players to understand. Publishing the algorithms for every market - and every bet even, would go a long way to mitigate this. Don't take too long to update us about this - we gamblers tend to move on quickly ;)


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on February 06, 2018, 01:09:42 PM
Also, just a few features I'd like to see since we don't hear from you all as often on telegram anymore.

- I think the feature that needs to be emphasized the most is the peer to peer nature of the exchange. I think it would be a cool addition if you could add people as friends, and send them bets directly to accept or decline. This would make it much more interactive for friends to enjoy, and thus, spread that much more virally.  And, it could become one of those things where people's casual bets that they never follow through with would be enforced on the blockchain. So you could never say "oh well we never shook on it so it doesn't count."

- Much like the bitshares system, Bookie needs a dollar-stable currency.  I think a ppyUSD would be a great way for newbies to mitigate their risk of using the ppy system and remove the volatility, while allowing those of us who believe deeply in the project to shoulder that risk/reward by creating ppyUSD. I don't think the cryptocurrency world will adopt a good betting platform unless this is an added feature. The casual bettor just wont accept betting $5, winning, and then getting $5 back because the cryptomarket tanked like it is now. I'm guessing this should be a relatively easy addition, considering ppy's roots in bitshares/graphene. I have said this before, but have never heard back on how/if this will be implemented, but I think it would be a very strong selling point to potential users.

I may chime in with other features if/when I think of them, but thanks for your time.

Welcome! I’ll reply to both of your messages here.

1. The Masters - This is a great event. We actually ran a non-binary Super Bowl betting market during Bookie Beta Phase 1 this past weekend - "Which player will be named MVP?". The results were positive, so this is absolutely the type of event we can target in the future. That said, another key element of bringing certain sports on board is to have resilient data feeds in place that allow automated market management in that sport. As a Witness you are particularly well-placed to help make this happen in the run-up to Bookie launch. We look forward to your participation in making your suggestion a reality!

2. When PBSA began thinking about sports betting, we wanted a model that could be easily decentralized and where there was already an existing market to disrupt. Betting exchanges fit this perfectly - they are already P2P and have carved out a huge market for themselves during the past 15+ years now. Betting exchanges anonymize your bet and make it fully fungible in a standardized marketplace. Introducing a feature that allows users to place bets directly against each other would be cool but there is simply no existing market for this kind of product. PBSA is dedicated at this stage to bringing provably-fair product to the Peerplays blockchain - product that will scale up and disrupt existing gaming markets. Head-to-head betting may be something to look at further down the line.

3. This is an interesting idea and, of course, something we have spent a lot of time thinking through. Bookie is one of many crypto-projects that would benefit from a resilient, scalable stablecoin. As a Graphene chain, the possibility of something like a ppyUSD is there, as you say. Although it is unlikely to be something you see on Bookie at launch, we are continually looking at ways that Bookie (and other Peerplays DApps) can be made more accessible for the casual market.

Thanks again for your ideas. We look forward to hearing your future thoughts when they pop up!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on February 06, 2018, 01:22:11 PM
This looks exciting if you'll be able to pull it off in the manner you expect to!

I'd like to see eSports, mainly CS:GO being added as there's currently not that many bookies around offering good options for it.

Hi Hhampuz, you are not the first to suggest eSports! It’ll have to be something we look into, but may not be possible for launch. Thanks for your thoughts.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on February 06, 2018, 01:47:02 PM
Additional question to upper one - is it possible to void, modify results, unsettle bets manually? Jurisdiction rules (Regulation organizations) will be applicable (which one?) to bookie or you will be some type of  outlaw?

Actually, good question. At the moment, only one or two crypto-accepting bookies have good documentation on some of the unconventional rulings for sports bets. In general, most bets will be easily settled, but when there are contentious events (was the goal scored in 90th or 91st minute?), how long must the boxing match round last to be considered a full round (remember the controversy with Mayweather/Connor in August on a lot of bets made lasting 10 rounds)?

I'm guessing any blockchain-based sportsbook (I don't know Peerplay very well unfortunatel) could benefit from smart contracts that make some rules very clear, arbitrated by... some parties?

Right - on-chain smart contracts are at the heart of what Bookie is doing. The actual algorithms that are used to settle any particular market will be published for anyone to check. We do not foresee a need for arbitration (these settling algorithms should just do their job) but, as above, manual settlement by Witnesses is always a last resort. As always, a majority of Witnesses need to agree on a result/settlement before it gets executed.

Thanks for the response - like I said, I'm not aware of any smart contract model used yet for sportsbooks, but as you explain, that very basic application is already extremely useful in sports bet settlements. I have only been betting in sports for a few years but have seen several contentious decisions taken by bookies even with comprehensive rules on settlement.

But with newer sports like MMA especially or even e-sports, I doubt bookies have really refined the rules, or there are too obscure for players to understand. Publishing the algorithms for every market - and every bet even, would go a long way to mitigate this. Don't take too long to update us about this - we gamblers tend to move on quickly ;)

Thanks again for your thoughts. Stay tuned to Bookie news, your feedback is valued!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on March 06, 2018, 07:05:31 PM
Hi everyone,

We wanted to share our recent article about Data Proxies, the decentralized method by which Bookie gets its sports data for any given event.

You can read the full piece on Steemit (https://steemit.com/betting/@bookieapp/introduction-to-the-tech-behind-bookie-data-proxies).


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: DMo09 on March 21, 2018, 06:17:48 PM
Will Bookie ever have the ability to crowd-fund matches/games?  For example, in the MMA sub-culture, there are many groups of different disciplines interested in who would win a match between two non-professionals, but there is no easy way to crowdfund these fights (and bet on them).  There is no incentive for fighters to risk injury on an exhibition match, but they would if money was on the line.

Crowdfunding could bring together many other different matches or games (sport & non-sport) that would otherwise not happen. 

*Even better if there were tools for promoters to use so they could get a cut for raising the money.

Seems like a natural fit for Bookie to pioneer the first crowd-funded & betting capabilities...


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Pab on March 22, 2018, 03:18:26 PM
I bet on uk ire horse racing.Last Cheltenham festival geerated not mln but blns in bets
There is not any cryptocurrency bookie what is offering horse racing betting
Races are every day all year on all continents,and people are puting really high money
Bigest bookies frauds are ongoing on horse racing together with suspending accounts in a case of bettors win


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: LuanX3 on March 22, 2018, 08:58:26 PM
Hi everyone,

We wanted to share our recent article about Data Proxies, the decentralized method by which Bookie gets its sports data for any given event.

You can read the full piece on Steemit (https://steemit.com/betting/@bookieapp/introduction-to-the-tech-behind-bookie-data-proxies).


Really exciting to see this! If everything checks out good here on this project then there won't be any instance that the bookie just arbitrarily cancels the bet slip for "reasons" they just make up. Most of the time they cancel it because their system made a mistake and placed pretty good odds on the bet and they have to save themselves by screwing the players. Let's see if decentralized will cure this problem.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on March 29, 2018, 06:03:16 PM
Hello!

The latest installment of Bookie's behind-the-scenes series on the tech being used to build Bookie - "Introduction to the Tech Behind Bookie." This one talks about the Bookie Oracle System, aka BOS.

https://steemit.com/sports/@bookieapp/introduction-to-the-tech-behind-bookie-bos


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: LuanX3 on March 29, 2018, 08:43:01 PM
Ok just by reading the articles, I have a question now. How do you guys propose that the system will automatically grade the events. What I means is that how do you, without human intervention, make the system create it's own odds? For example, a game of NBA with GSW vs BOS, how will the system say that GSW - 13 vs BOS +13, something like that.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on April 03, 2018, 02:39:24 PM
Kick off for Bookie Public Beta ahead of World Cup: https://www.peerplays.com/kick-off-bookie-public-beta-ahead-world-cup/ (https://www.peerplays.com/kick-off-bookie-public-beta-ahead-world-cup/)


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on April 03, 2018, 04:23:07 PM
Hi Pab,

We hear what you’re saying about challenges and issues in betting on horse racing. However, we are concentrating on building support for sports like American Football, basketball, soccer, etc. The main reason is that we expect the majority of Bookie's early adopters to be more interested in these sports. But in addition to this, the proper implementation of horse racing on Bookie is technically more complex.

So, horse racing isn’t a focus for Bookie in the short-term. Not to say that we won’t include it at a later date.

I bet on uk ire horse racing.Last Cheltenham festival geerated not mln but blns in bets
There is not any cryptocurrency bookie what is offering horse racing betting
Races are every day all year on all continents,and people are puting really high money
Bigest bookies frauds are ongoing on horse racing together with suspending accounts in a case of bettors win


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on April 03, 2018, 04:24:39 PM
Hi LuanX3,

That’s exactly it! Continuing from your points, these are some advantages of Bookie (decentralized) over centralized sports betting:

•        provably fair (you don't know what sportsbook is doing on the back-end)
•        transparency of bet placement (no arguments after the fact)
•        no slow payment
•        no possibility of funds being stolen by an unethical sportsbook
•        multiple accounts


As you can see, there were many reasons to make Bookie a decentralized betting exchange. Happy to see you're as excited as we are!

Hi everyone,

We wanted to share our recent article about Data Proxies, the decentralized method by which Bookie gets its sports data for any given event.

You can read the full piece on Steemit (https://steemit.com/betting/@bookieapp/introduction-to-the-tech-behind-bookie-data-proxies).


Really exciting to see this! If everything checks out good here on this project then there won't be any instance that the bookie just arbitrarily cancels the bet slip for "reasons" they just make up. Most of the time they cancel it because their system made a mistake and placed pretty good odds on the bet and they have to save themselves by screwing the players. Let's see if decentralized will cure this problem.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on April 04, 2018, 12:18:00 PM
Hi DMo09,

Interesting idea. The focus with Bookie has always been to offer a decentralized alternative to the established sports betting market, which turns over many billions of dollars a year, as we are all aware. Although blockhain (and even Bookie, who knows!) might be able to help in the way you describe, it isn't something that we at PBSA will be looking at in the foreseeable future.

But that's some creative thinking you've got going there... hmmm.... Maybe a company with connections in this space could build an MMA-crowd-promotion app on top of the Peerplays blockchain? Then Bookie could easily provide betting on those events. Keep the ideas coming  :)

Will Bookie ever have the ability to crowd-fund matches/games?  For example, in the MMA sub-culture, there are many groups of different disciplines interested in who would win a match between two non-professionals, but there is no easy way to crowdfund these fights (and bet on them).  There is no incentive for fighters to risk injury on an exhibition match, but they would if money was on the line.

Crowdfunding could bring together many other different matches or games (sport & non-sport) that would otherwise not happen. 

*Even better if there were tools for promoters to use so they could get a cut for raising the money.

Seems like a natural fit for Bookie to pioneer the first crowd-funded & betting capabilities...


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on April 04, 2018, 12:19:15 PM
Good question. (What you call 'odds', are typically called 'lines' or 'handicaps', we think?). We answered this question in our recent AMA:

https://www.reddit.com/r/OfficialBookie/comments/86mm3t/bookie_ama_with_pbsas_head_of_operations_ask_me/dwd0svi/ (https://www.reddit.com/r/OfficialBookie/comments/86mm3t/bookie_ama_with_pbsas_head_of_operations_ask_me/dwd0svi/)

Basically, Bookie takes an automated poll of the industry lines and provides an average of those. The 'odds' are not set by Bookie. Bookie is a betting exchange, not a sportsbook, so odds are set by Bookie users. To find out more about he difference between a betting exchange and a sports book, take a look at this article:https://steemit.com/peerplays/@bookieapp/betting-with-bookie-sportsbook-vs-betting-exchange (https://steemit.com/peerplays/@bookieapp/betting-with-bookie-sportsbook-vs-betting-exchange)

Ok just by reading the articles, I have a question now. How do you guys propose that the system will automatically grade the events. What I means is that how do you, without human intervention, make the system create it's own odds? For example, a game of NBA with GSW vs BOS, how will the system say that GSW - 13 vs BOS +13, something like that.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Pab on April 04, 2018, 02:26:16 PM
Hi Pab,

We hear what you’re saying about challenges and issues in betting on horse racing. However, we are concentrating on building support for sports like American Football, basketball, soccer, etc. The main reason is that we expect the majority of Bookie's early adopters to be more interested in these sports. But in addition to this, the proper implementation of horse racing on Bookie is technically more complex.

So, horse racing isn’t a focus for Bookie in the short-term. Not to say that we won’t include it at a later date.

I bet on uk ire horse racing.Last Cheltenham festival geerated not mln but blns in bets
There is not any cryptocurrency bookie what is offering horse racing betting
Races are every day all year on all continents,and people are puting really high money
Bigest bookies frauds are ongoing on horse racing together with suspending accounts in a case of bettors win

If you will be popular and competitive to fiat money  biggest bookies than you will have planty of  horse racing bettors
Punters are really tired of that what bookies are performing to them
But sure new develepmont need to be live tested on most popular sports
Hope you will be ready for Mundial


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: Hhampuz on April 04, 2018, 04:13:16 PM
Just have a big number of games up for upper and be lightning fast with grading the bets.. If you are able to do that, you'll rise through the ranks quickly!


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on April 04, 2018, 04:43:42 PM
Hi Pab,

Bookie Public Beta will be ready for World Cup 2018, obviously one of the most popular betting events in the world. You'll be able to play for free and win real bitcoin prizes. Hopefully we'll see you there!

Would love to hear more of your thoughts and ideas in the new Bookie Public Beta thread (https://bitcointalk.org/index.php?topic=3212514).

Thanks!

Hi Pab,

We hear what you’re saying about challenges and issues in betting on horse racing. However, we are concentrating on building support for sports like American Football, basketball, soccer, etc. The main reason is that we expect the majority of Bookie's early adopters to be more interested in these sports. But in addition to this, the proper implementation of horse racing on Bookie is technically more complex.

So, horse racing isn’t a focus for Bookie in the short-term. Not to say that we won’t include it at a later date.

I bet on uk ire horse racing.Last Cheltenham festival geerated not mln but blns in bets
There is not any cryptocurrency bookie what is offering horse racing betting
Races are every day all year on all continents,and people are puting really high money
Bigest bookies frauds are ongoing on horse racing together with suspending accounts in a case of bettors win

If you will be popular and competitive to fiat money  biggest bookies than you will have planty of  horse racing bettors
Punters are really tired of that what bookies are performing to them
But sure new develepmont need to be live tested on most popular sports
Hope you will be ready for Mundial


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on April 05, 2018, 07:46:59 PM
Hello!

The newest article in the "Betting with Bookie" educational series is up!

It's called Introduction to Odds and helps you navigate some of the odds formats you encounter online.

Read the whole article on Steemit (https://steemit.com/bookieapp/@bookieapp/betting-with-bookie-introduction-to-odds).


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on April 06, 2018, 11:39:34 PM
Just have a big number of games up for upper and be lightning fast with grading the bets.. If you are able to do that, you'll rise through the ranks quickly!

Hi Hhampuz,

Thanks for the encouragement! Not long ago we asked BitcoinTalk (actually, it was this thread!) which sports they'd like to see when Bookie launches. With the likely candidates being soccer, basketball, American football, etc, there should be no shortage of games to bet on.

As for the speed part of your question: You may have seen this already, but all sports data will be pulled from multiple Data Proxies (https://steemit.com/betting/@bookieapp/introduction-to-the-tech-behind-bookie-data-proxies), and then merged & verified through BOS (Bookie Oracle Software) (https://steemit.com/sports/@bookieapp/introduction-to-the-tech-behind-bookie-bos). I've linked each of these steps to corresponding articles, if you're interested in reading more.

Because the whole proces is automated on the blockchain, settling of bets should happen within minutes of the actual end of an event. The Peerplays blockchain - which will host Bookie - was built specifically for highspeed gaming and betting. As you say - lightning fast!

Hope you'll be joining when Bookie Public Beta launches for the World Cup? (Reminder: play for free, win real BTC prizes!)


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: alexvilis on April 10, 2018, 04:31:23 PM
Betting with Bookie: Stake and Liability
https://steemit.com/bookieapp/@bookieapp/betting-with-bookie-stake-and-liability

Betting with Bookie is an ongoing educational series designed to demystify the betting experience. Each article will tackle sports betting terminology and concepts in a simple way, in an effort to make you a better bettor.


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on April 10, 2018, 07:27:03 PM
Betting with Bookie: Stake and Liability
https://steemit.com/bookieapp/@bookieapp/betting-with-bookie-stake-and-liability

Betting with Bookie is an ongoing educational series designed to demystify the betting experience. Each article will tackle sports betting terminology and concepts in a simple way, in an effort to make you a better bettor.


Hi alexvilis, thanks for sharing the article! Glad to see you find value in them.

Will you be joining us for Bookie Public Beta? (http://www.bookiebeta.com)


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookieapps on May 01, 2018, 06:59:05 PM
Hi everyone,

In this month's EGR Big Debate, PBSA's Toby Lynas tackles the question - Will the future of blockchain gambling be bespoke virtual currencies? Get the full story here. (https://www.peerplays.com/big-debate-egr/)


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookiepro on June 01, 2018, 03:06:26 PM
Hi everyone,

New BookiePro Bitcointalk account here! If you start seeing @BookiePro, it's us!

Additionally, we are having issues with the old @bookieapps account, so if you get any curious messages from that account, please let us (@BookiePro) know about it.

Thanks!

p.s.: Don't forget - BookiePro is launching SOON!

- PBSA + BookiePro Team


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookiepro on June 01, 2018, 07:25:44 PM
Hello!

We have an update/article here for you.

Toby Lynas, PBSA's Head of Operations, took part in a conversation with Asia Gaming Brief recently.

You can read what he had to say about BookiePro - and the rest of the article - here (https://agbrief.com/headline/after-successful-fundraising-crypto-gambling-projects-look-to-the-future/).


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: DMo09 on June 08, 2018, 05:49:17 PM
New BookiePro.Fun Website
https://www.bookiepro.fun/

New BookiePro.Fun BTC Talk Thread
https://bitcointalk.org/index.php?topic=4434686.0

New BookiePro.Fun Promotional Bounty Thread
https://bitcointalk.org/index.php?topic=4438344.0


Title: Re: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input
Post by: bookiepro on July 05, 2018, 04:53:09 PM
BookiePro to launch world’s first provably fair affiliate program

https://steemit.com/bookieapp/@bookieapp/bookiepro-to-launch-world-s-first-provably-fair-affiliate-program