Bitcoin Forum

Are you using 3rd party data for the price movement such as shapeshift or coincap? Or maybe you have your own real-live price data for the game you offer? Just to make sure that there wont be any manipulation of the price movement, so it should be clear where is the source of your price movement data.
How about the fees? If you are taking fees for every single game then how much you take? Checked your site for a while and I can see that the minimum bet is 20k satoshi by default and it seems that it is indeed the minimum allowed bet which means that we cant bet lower than 20k satoshi. I suggest you to reduce it a bit, or at least give new users a one time bonus so it will attract new players to come and play. Surely you can set a requirement for the bonus such as wagering requirement so it wont be easy to be abused.

Hi. Thanks for your feedback!

We use binance https://www.binance.com/en/trade/BTC_USDT API price data for every game. All games are 100% manipulation-free. We only profit from collecting service fees.

The platform automatically debited 5% of each user win.

We will consider the possibility of reducing the amount of the bet to 10k sat and add a 'Daily streak bonus' to all our customers. It's a great opportunity to test Betller.

In order to increase user base, you should start with deposit bonus rather than running a wagering contest. I was going through the contest and bonus page and was not happy with it. To attract new user you have to offer something from your pocket first. Your competitors are doing it why can't you?

Hello, pakhitheboss
 
Daily streak bonus page under development and will be adding at next week.

So this do like an options trading but on a PvP way style of betting.It do reminds be of this site with Betinance where people need to
choose up which direction the prices would go.Good thing to look at that it do make use of Binance API.Also i love the 5% deduction
on each win made not like on traditional options that do give out 1.7-1.8 to their right predictions.

How are you going to ensure that the refferal program is not going to be manipulated by cheats since there won't be any KYC implemented?
What will stop someone from creating multiple accounts and the use them to earn rewards from the referring account?

Hello sir, im just wondering why theres so many declined bet on all betting history? is that means they lose on thier predictions or something
just weird, almost all betting history on website are status Declined

This is a unique game. I was also into trading before but not leveraging. I don't know how much fees on leverage because normal exchanges like Bittrex and Poloniex in crypto currencies only have 0.5% or below. This game has a 5% fees on winnings.   

Contest bonus promotion is awful

Betting?

I think it's just like an options trading, you just need to put your bet and choice where the price it's going will be "Up or "Down with some interval times. The difference they make a pool for the prize, it's better using an option platform trading you can get profit with around 75-85% from the amount you bet also you also get a feature tools trading to predict the price.

It's kinda scared for me, if they manipulated the movement/graphic price of bitcoin on their platform. However you should make a "proof of fairness" for your betting history, since everyone don't knows how to verify the fairness of the prize movement on your platform.

It's good that you use objective data from an independent source for this game. The whole idea is quite catchy, it's engaging to follow the price dynamics and bet on it. But I am not sure I understand how it's PvP bets. Is it, like, whose prediction was the closest to the truth? If so, is there a certain range into which another player cannot enter? I mean, if one predicts that the price will be, say, $9300, can another player bet on $9305..? Or how does this prediction game work? And by the way, why is it just PvP, why not player versus what really happens? Say, the player says the price will be below $9k. If it's truly below, the player wins. If not, the player loses. Maybe these questions are irrelevant and I just don't get how this specific game works. Sorry about that.

How about lowering that 5% fee for first users or some other promotion.

Do we need to register with our personal information and is there mandatory KYC or not?
I also wonder how much is withdrawal fee?

Means 5% for the fee? That's pretty high I think.

And betting on price movements is just like an option trading, is there any different between both?

Am I wrong or is it another call / put game platform?

is site fully up and running? doesnt look like it

they dont have KYC and if you want to sign up, they only need your nickname, email and pw. as per faq, their withdrawal fee is 20k sats with min withdrawal of 200k sats
your other questions might be found from  their faq section

https://betller.io/en/site/faq

btw, how do you know that you are playing against a real human and not a bot? how can you verify that?

The name sounds like bitsler..  :P

What is the meaning of declined on the corresponding bet?


Yes, where can we verify the provable fairness on their system? There's no tab for it yet?

The topic makes me to understand that we betting on the price movements of bitcoin however the body of the message is going deeper touching on price of finances not just bitcoin alone

Better to read up first before you do post because you are just asking non-sense on here since those question you had asked
is already being clarified above.

How they do get the current price movement? They are using Binance api so manipulation isn't possible.

How much they do deduct? 5% deduction on winning bet.Its way higher than playing dice game where 2x multiplier with 1% HE but
well this options trading is different though.

Thank you guys for your comments and questions! 


Hello, if you made a bet, but none of the users placed at least one bet against yours, or if the Base and Last prices coincide, such a current betting round is considered incomplete and the funds are returned to account. Just need more bettors


We are working hard to add daily streak and update our wagering contest page


Binance BTC/USDT quotes the same as on Betller. you can check

Congratulations to your new site. If you plan to further promote you new site, try hiring the services of yahoo62278 and he can run a signature campaign for you. Try to visit his thread and see how he can help you launch your site https://bitcointalk.org/index.php?topic=1704638.0

Your site reminds me of secondstrade that used to be popular here but I hope you dont go to the same direction where secondstrade ended up.

So your price are based on Binance BTC/USDT pair, this kind of games are unique I suggest its better to add deposite bonus on your site to attract more player, I like the design of your site but I experienced some delay on priceupon checking the current price on binance.

Hello. We think about promo days with lower commissions.
No KYC or go through approvals of any kind.
Withdrawal fee is 0.0001 BTC


Another one P2P betting with like a call/put model


The next platform stage is to add new deposit/withdraw methods and new markets like GOLD or DJI. We will not be limited to BTC market

Thank you. I just check your link, good idea!
We have long-term plans for the platform. Next week I will publish a Betller roadmap on Trello

If you compare the prize from the platform with binance price, there have some delays about 2-3 seconds went the price was really moved so fast. If we face price movement like this, the bet could have a wrong price went the time was already over. That's what i said, need to take care of this we just don't want to be manipulated or the price ended with a wrong price.

5% from the winning bet more higher like option trading, but the prize depend on how many players put the bet and the pools. Also from which option you are gonna put, if they pool bets higher than your pool bett option, your winner prize could be small but if you "YOLO" you can gain more higher profit than your bet amount.

You are right. I detect a 2 sec delay. it will be fixed soon.
Clear-cut transparency is very important to all bettors and Betller. We will add 'proof of fairness' system so that everyone can be sure of price correctness.

Please check binary options brokers fees - https://www.7binaryoptions.com/brokers/. You can see 82 to 95 (18% to 5%) fees.

My bad!, Sorry about that.

Well, I just sharing my 2 cents. If you can provide all of this your platform would be good:

• Real Time Price (Cause still have a slight delay)
• Add Trading Tools (So every player can predict the price using tools from your site, no need to used other sites again. Since the game basically like trading.)
• List of time chart (I see only 5 mins timeframe for each chart)
• Proof of fairness (So we don't have a problem at the price ended, and everyone can check it)

That's it for my 2 cents, Good luck about your platform. Honestly this its the first time i meet a gamble with an option but the payout using a pool from the player.

Fairness can already be seen on that exact price on the exact time. There should be no delays even on 1 second because this is already a big
factor that can influence the result of a bet so its better to be fixed asap. Aside from that where there should be some sort of history of each
round where it do have all the information like time and the strike price and it should correlate with Binance price as of that moment which
would really be enough to show off the fairness.

About the contest prizes i think this is something new for me because the prize not determined by prize pool but it says based on reward calculation formula as the first position will get 0.8% from total daily wagered amount from the users but those percentages will obviously low because only less than 1% from total wagering

Seen that theres a timer Ex. 15:20 - 15:40 So this is a 20 minute timeframe.So this is the default time for each one to make a bet?
Cant it be customized or just simply like that? Whats the meaning of that Declined on a certain bet? No one had made any bets,right?

P2P betting is always a tricky idea, because P2P by definition means you're pitting people against each other. Bragging rights are all that matter other than the size of the bet, but you need to make sure people return to the game again and again, so it can't be a simple P2P on single bets.

Do like team sports. PVP in teams, select your best players or rent out your skills for people to include you in their teams, like fantasy sports;)

Rules:
1. Sign UP on betller.io
2. Retweet this message - https://twitter.com/BetllerOfficial/status/1190309505663459330
3. Send your retweet link on Betller chat
4. That's it! You will receive 0.0002 BTC (20k satoshi) to your Betller account.

It's a great opportunity to test platform

Betller reserves the right to discontinue a bonus promo at any time and without prior notice.

Can't seem to get chat open but here is my Twitter link.

username : dopejesse

https://twitter.com/BetllerOfficial/status/1190309505663459330?s=19

I believe its only 10K sat.
However, went i try to used your promotion amount for testing the site i put some bet but always give me a warning like this :


So the bet only can less than 0.0001 or its the minimum bet? based on the fund you give to the user for the promotion we should place a bet with that amount. But went i put my bet using your promotion fund, i always got the warning like that and can't place a bet.

I believe it's just an error, kindly check it.

Edited: Got another 10K sat

Welcome dopejesse!
20k sat already sent  ;)


Hello. I just send 10k+10k. My bad. Check pls

I guess I'm not the only one who finds the topic inadequate. It was supposed to be something better and descriptive. After all, people will invest money on this platform. I don't think they want to deposit money into a platform that we don't know or are in chaos.

Yeah, i confirm it.

Anyway, I have some other suggestions about the platform went i testing the site using a promotion fund. You can use this as my review

[1] Time Bet.
20 Mins for each bet was pretty long, some user might need to wait for his bet finished before he doing another bet. I suggested to the team to make a few bet time with interval 5, 10 and 20 mins bet team, it's kinda boring to wait for a bet with 20 mins for each bet without doing anything just watch the chart moving. If you can do this then every user can choose which time suitable for them to do a bet.
[2] Confirmation Bet.
Sometimes, went i do a bet don't get a notification for "Saved Bet". I don't know its from my internet or the platform, i need to refresh my browser first to make my balance update and see my bet.

That's my suggestion/review for right now, for everyone who tries the site you can also use a promotion fund just to testing for the site.

Welcome bonuses are closed for now. Thanks to all Betllers who took a part!

Please wait for the new bonus announcement soon!

Thanks for your feedback!
[1] A good idea. The development team is already thinking about such an implementation in the next update. probably we will add 2 + 10 minutes time period

[2] I just checked everything looks fine. maybe the problem was with your browser. anyway I will check it in detail

the main problem with the PVP platforms like this - lack of gamblers
without a faucet or constant promotions and giveaways for the newbies to try the platform , it is going to look deserted
this is a cross between binary option and PVP betting , the concept is allright , but 5% HE is definitely not attractive for me
the majority of the gamblers are spoilt by 0.8-1% house edges and fast and simple dice games that are resolved instantly without the need to wait for your bet to get accepted
I guess it is too early to tell, lets return and see the progress in a month , with the proper marketing this project could be a relative success

I'm interested to look into your site because of the "wagering contest" on this thread's title. I thought it is something great because a new site usually offers something attractive but I was wrong as your wagering contest is not attractive since the prizes depends on how much is being wagered by players. I would say that it is like a cashback instead of wagering contest. I think you need to offer fixed prize from your own pocket for the wagering contest, at least as a promotion for your launch so users will be more interested to grab the prize by playing as much as possible.

Yeah, I also see this but I think the website already looks great a lot of information was missing on the website. Also, it looks like a copy from a different website design I've seen this kind of color palette in many site and the name sounds like bitsler.  But I'm surprised that the website was not laggy at all I think anybody could work with this registration was very smooth but need a lot more security measures like KYC in all of the users so that they could not use multiple account. In my opinion, the bet was still fair but it was not yet optimized.

Brand New Website: You cant hope to much they gain a lot of players with a short running site, they need to handle a marketing campaign like Contes, Paid Signature BTC, Content Review (Youtuber or Article). They need to focus on the platform first before doing a marketing strategy since they still have a problem they need to finish first before a lot user play on the platform.

I know a 5% house edge was pretty high if we compare with other gambling platforms, but you also can get all of the pool with only small bets. Example a few users put a bet  and predict the price will "Down" total pot on "Down" bet is 0.003 BTC, none all of the player choice "Up" you can get good odds because of that just only put 0.0001 BTC to "Up" option you can get all of them 0.003 BTC if your prediction price was right. From 0.0001 to win 0.003 BTC its more than 1000% profit from your initial bet and they only take 5% from your winning.

You have a point there. I do agree that comparing the house edge of regular gambling sites and that of the P2P sites is not correct due to the different rules and criteria involved, but I did not know that it was possible to win that much with a small bet in these sites.

Will definitely be taking a closer look at these sites going forward though more players are a necessity which is why these sites need to advertise more heavily(Sig campaigns etc) as you stated.

Your percentage winning all depend how much you put the money on the poll also how many players join the bet, i know these because i already used their platform using a fund promotion. Since there still don't have a huge player at the platform, you can be winning all the pots if the bet option only your self to bet on that option. I also got lucky, win 20k sat with only 10k sat since only my bet on that option and that 2 players lose a bet with me.

it is perfectly correct , the comparison is off since the same can be applied to dice:
you can bet 0.0001 to win 0.003 btc , all you have to do is risk it with a 30x multiplier and you will have a 1% HE
with the PVP site you risk same 10k satoshi to get 300k , the chances of you hitting that should be around 3.33% but you will pay a 5% HE instead
as for the marketing , I completely agree ,this is what makes or breaks the new sites
a badly chosen or run campaign could hamper the progress or even close the site , the gamblers are choosy and are not going to simply flock to a new site to try it out
signature campaign is a very expensive but effective way to kickstart your casino , hope betller comes up with something interesting and there will be a good PVP betting site to hang out and bet at ( at last )

There are many declined bets meaning you are struggling to attract more players. Therefore you should invest some mony to promote your website.

Provably fair means that results can't be manipulated by anyone but here bets results depends on a third party which is Binance! How can that be provably fair?

Wagering is good to but I agree about the site having a deposit bonus when you deposit an amount of btc. As far as I am concern, there are lots of crypto websites that give deposit bonus to players. Players will have more btc to wage in your website which it's also a good start for players and the site.

There is no chance winning percentage from your bet on this site, its not a dice.

The winner decides by the prize of bitcoin for your winning prize it's from "How much money you put into the bet & How many people on the pool bets". So there is no chance of winning on this site.

Love the interface, color choice is pleasing to the eye.
When you place a bet though, does it lock in the current Bitcoin price after the round commences / betting time is up?
I hope so, otherwise in theory it seems you can just chose the more likely path based on what the price movement has been since the initial BTC price call.

I would prefer wagering instead of deposit bonus but the wagering contest should be more attractive than what they have now. On other side, deposit bonus is not a good offer because most deposit bonus requires a huge wagering requirement. Would you both take deposit bonus with high wagering requirement? Having more btc to wager as a reason to like deposit bonus does not make senses for me unless there is no wagering requirement behind the bonus (at least low wagering requirement).

I think this is a good betting site. All we know that betting site is really popular because it is very easy type of gambling. The good thing about this you will not experienced a hassle in registration because kyc is not needed anymore. If you are newbie and want to try and learn there is a small amount of minimum btc bet amount.

I think both are good it's just how we can use them well. If you choose a Deposit bonus that means you have to complete the wagering requirements and can be withdrawn. And if you choose to take part in a wagering contest it means you also have to compete with the players there. Both have advantages and difficulties so how can you make good use of it. But why not try both?

Welcome to bitcointalk. I have checked your website and its looking good to me. Specially mobile version and colour combination is nice. Although forum users isn't well notified about your service. Hope that will be enough professional which is really necessary to run a betting platform. After visiting your telegram channel link i just found little amount of user there and its quite common for a new startup. Most probably you have marketting plans and after implementing that you maybe be able to get players on your platform.

Both are indeed good for the site, but I'm talking in the side as a player. I would never tried deposit bonus if the wagering requirement is too high, no matter if there is an advantage like what you think but for me deposit bonus is something that makes player get more -EV compared wagering contest.
In wagering contest, player can stop anytime they want especially if players are getting profit already. It does not apply with deposit bonus where we cant stop anytime as we have to complete the wagering requirement in order to withdraw money.

Good site, easy to use, but lack of users makes it difficult to find someone on the other side of the bet everytime.

I think this isn't very big issue for new platform. It would take time to introduce their platform to gamblers since its totally new. That's only one disadvantage for peer to peer betting platform. Also there is matter of time zone, worldwide gamblers won't active at once. However, I think it will solved within month or more. When more and more gamblers will registered there someone always will be other end. Anyway, platform seems good to me. Let's see react of gamblers.

I think so When I was playing at their peer to peer platform I was on the time that many players are active that time, I think it is the time where many players who got from their sign up bonus is playing, After some time I stop on playing and decide to play after I got a rest, Players are showed online but there are aren't not many people playing so the rounds tend to decline each time. I think it is the main issue for me. This kind of gambling site needs to have better traffic from players to avoid decline in rounds continuously that avoids people to play in this kind of system.

For me this idea is good, p2p battle is what I enjoyed most, I think administrators need more promotions or some kind of campaign to promote this gambling site here and attract more people in playing.

By the way, I got my withdrawal request received on my wallet and proving that they are paying from the sign-up bonus that they are giving away.

https://i.imgur.com/kYLkIPX.png

Thank you for the constructive comment!
BT signature company coming soon.
Better promo - more players - more active rounds, you are right!
We are currently looking for Telegram, Twitter and YouTube marketing promo

Yes, I do agree that you need to be aggressive in the marketing aspect as it might help in attracting potential players on your platform. If you can hire a reputable sig campaign manager also that would be great. Because if you will hire a reputable one, it will add credibility to your betting platform. p2p betting is a tough one, so you need to look for contingency plans in sustaining the interest of players.

Give us some time, we have many ideas  :)

I've placed around 20 or so bets on the platform, everything went smoothly, there were no major hiccups.

Sometimes there were lag in the system and the odds displayed were somewhat skewed, e.g. when I bet 0.0001 BTC against 0.0001 BTC, the expected payout should have been 1.95x but the displayed odds were 1.45x for some odd reason. I still got 1.95x in a win, so it's probably just a frontend issue.

I'm very impressed in terms of the quickness of the withdrawal and the responsiveness of the team members, at least on the forum. I did manage to turn my 0.0003 BTC to 0.0013 BTC before withdrawing, which probably can be attributed to beginners luck  :D

My suggestions would be as follows:
a) Have some sort of house game to ensure that gamblers are able to bet against the house when there is no immediate liquidity on the 'books' in the p2p game.
b) Somehow encouraging bettors to contribute to the liquidity of the books as opposed to "sniping" the pots, perhaps by having a 'maker' rebate similar to a derivatives trading platform if one contributes to the pot in the first half of the minute.
c) Have a better index, other than just Binance which can be manipulated easily. E.g. using the index of bitmex/deribit which is a weighted index of a lot of exchanges.
d) Have more currencies, e.g. ETH with less time. A lot of binary options offer 30 sec-1 minute game modes.

But overall, games are fast, snappy, and exceeded my expectations for sure. I love the community oriented aspect as well. Keep up the good work, I'll certainly be in touch with the site.

Just an amazing review! Thank you


This is not a frontend issue. So I need to explain in more detail how the Betller odds work  :)
Expected payout odds include the amount you have entered. If you try to increase the bet amount and you will see the odds changes.

eg. in the active round 0.0001 vs 0.0001 bets, the odds considers your amount as well and decrease the value to 1.475X because your second bet will divide the potential win in half. (0.0001/0.0002)*0.95+1=1.475
This is the key difference from Expected payout odds and Payout (final odds) at history

Thank you for all (a b  c d) ideas!

Good site and good promo, but a little difficult to understand how to use the betting section initially. It would be good to have a tutorial section.

I don't understand why you don't offer bonuses and Deposit-free entry like other casinos do. First you need to give something away to make a profit. Your profit is the players.

very good in the process of deposit and withdrawal, I have tried it, even though a little written we have to wait 8 hours, but the withdrawal does not require a long time.
for the game I think this method is better than the others, because we can while knowing the real trading world, yes like this where the PO is determined by the position of the player itself.

Yesterday, I have played some bet with the giveaways BTC. It was smooth but lost the amount😀. The site design and Browsing speed is really very smooth. But the site is lack of players. I think this complain is from maximum players. But hope we will see some traffic of real players there since they started some promotional campaign.   

^ At this moment there are 129 users currently online and I think that is not quite lacking of players.
https://i.imgur.com/nh6Tyhr.jpg

The campaign signature was launched today, I guess probably it needs a few more weeks before it will bring good traffic. Through the giveaways and promotions, I am sure it will have a good result but not just quickly. Nevertheless, I have a small suggestion, I saw the chatbox no one was talking there. Probably it is good if you also have giveaways there to lure gamblers also to have more interesting conversations and somebody will surely stay on site.

Just like a gambling site? Maybe it would be nice to have this feature but for sure it wouldnt still make any difference at all.Why? People would be busy to trade
and analyze yet 1 minute result isnt really that long for the result of their bet.

About this site which i have seen their signature recently.So this is like a binary option have 1 minute Timeframe and there are similar platforms like this one like Betinance.
Wondering if these things do really gain attraction.

My intention is to bet only 10 bets to qualify in Bitcoin Review Promo but When Im playing I forgot how many bets I already bet and really enjoy the game.

I see some issues in All bets HIGH and LOW, after betting in the last round some bets is still there for few seconds.

A piece of advice, moderators should keep the chatroom active like other betting casinos. Entertraining chatroom makes your bettor active.

Overall your website is so good, you just need to promote and find many active players.

This is p2p betting which a user will have to bet against someone else bet.  The so much DECLINE (RED MARK) means no one had bet against the user which means he won nothing  as well. This is not a sustainable model, there should have been a house after all we are betting in the 1 minute time frame otherwise it will just end up having a lot of DECLINE.

Locked for incentivizing posting within the thread.