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Hello everyone
Especially OneHash !!
View of the fact that they do not respond to questions in a live chat as well as mail, I'll ask you questions here.
First of all, you say that you are not a bookie and that people bet against each other, then my question is on what basis then you setting up odds?
This second question is related to the first one as you say that you are not a bookie, but you are the one who sets the odds before any bet placed, right?
So why do you have a profit margin?
I'll take for example a match FK Anzi Makhackala - CSKA Moscow
Odds from OneHash :
Today, 15 Jul 2017, 1:16 PM
FK Anzi - CSKA Moscow
1 x 2
4.251 3.834 1.797
Because you are not a bookie and you should not have a profit margin, which means that the payout should be 100% (+ - 1%, 99% -101%), but in the example above your payout is 95% .
odds stake Winnings
1 4.251 22.35 95.01
X 3.834 24.78 95.01
2 1.797 52.87 95.01
100.0$ (95%)
As you can see when proportionally place certain sum of $ to each outcome the payout is $ 95 or 95% ! And this happens to 95% of your games...
InBank is 0.006 BTC so lest say Bets are closed with odds above and the game started.
And my question is who pays me if I only played 0.006 BTC ( nobody else didnt bet on any outcome) on the victory of CSKA?
You have to use the formula as below:
(bet amount) + [(weighted bet amount) / (total weighted volume on bet side) * (total volume on the opposite side)].
Transaction history
BET SIDE BET AMOUNT DATE
Draw 0.0010 BTC 15/07/2017 13:52
CSKA 0.0030 BTC 12/07/2017 12:56
Draw 0.0014 BTC 12/07/2017 12:50
Anzhi 0.0013 BTC 12/07/2017 12:47
Can anyone explain this formula with example in game above?
Thanks a lot
Especially OneHash !!
View of the fact that they do not respond to questions in a live chat as well as mail, I'll ask you questions here.
First of all, you say that you are not a bookie and that people bet against each other, then my question is on what basis then you setting up odds?
This second question is related to the first one as you say that you are not a bookie, but you are the one who sets the odds before any bet placed, right?
So why do you have a profit margin?
I'll take for example a match FK Anzi Makhackala - CSKA Moscow
Odds from OneHash :
Today, 15 Jul 2017, 1:16 PM
FK Anzi - CSKA Moscow
1 x 2
4.251 3.834 1.797
Because you are not a bookie and you should not have a profit margin, which means that the payout should be 100% (+ - 1%, 99% -101%), but in the example above your payout is 95% .
odds stake Winnings
1 4.251 22.35 95.01
X 3.834 24.78 95.01
2 1.797 52.87 95.01
100.0$ (95%)
As you can see when proportionally place certain sum of $ to each outcome the payout is $ 95 or 95% ! And this happens to 95% of your games...
InBank is 0.006 BTC so lest say Bets are closed with odds above and the game started.
And my question is who pays me if I only played 0.006 BTC ( nobody else didnt bet on any outcome) on the victory of CSKA?
You have to use the formula as below:
(bet amount) + [(weighted bet amount) / (total weighted volume on bet side) * (total volume on the opposite side)].
Transaction history
BET SIDE BET AMOUNT DATE
Draw 0.0010 BTC 15/07/2017 13:52
CSKA 0.0030 BTC 12/07/2017 12:56
Draw 0.0014 BTC 12/07/2017 12:50
Anzhi 0.0013 BTC 12/07/2017 12:47
Can anyone explain this formula with example in game above?
Thanks a lot
If you are the one who made a bet on particular team, the odds will be 1.00, we don't take commission in that case, but in general we take 5%.
