I just asked about a betting exchange in the irc today, didn't notice this thread before. I was thinking of starting to work on one for football(soccer, that is).
Any chance of being able to change the odds display? I can't understand American/US style odds very easily at all. Decimal makes the most sense to me, but lots of people swear by fractional - you should probably try and support all of them if possible.
How are you settling your bets by the way? That would seem to be the most difficult part to me, seeing as most of the live scores & results feeds available charge massive amounts. Been looking out for some decent free feeds for football results that are updated in a timely manner and not finding anything yet.
We quote the decimal line along with the american odds in brackets. i.e decimal: 4.5454 / 1.2804 and american: +355/-357 for tomorrow nights game. I'm unfamiliar with fractional, if a game is 5/2, are you credited with 50 for 20 bet? Is there rounding involved, possible I get 50.29 for 20 bet? All settling is done by hand right now. Nelisky did the programming and has tinkered with auto settling, but it hasn't been necessary. When we expand, it would be included. Currently we book based on a pari-mutal basis. With this, market makers can put in their own odds and gain edge from gamblers. |
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I watched that entire video, and they never dispensed any gum from it.
I think I'll hook up a bunch of wires to the coke machine at the mall with a QR sticker and create a video saying I have a bitcoin coke dispenser.
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I am noticing this too, many trades with size of 0.004 at .2824.
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Please confirm my suspicions about a dark pool order:
current market is .27 bid offered at .28, but trading is thin, only $500 on each side at those prices.
I want to buy 17,000 coins at .29 (~$5000), and enter it dark. I select it to be filled by 'dark pool' only in its entirety. Once there are 17,000 coins offered at .29 or under, I am filled at their offer prices (i may get 3000 @.275, 1500 @.278, 2500@.2800 and 10000@ 0.29). Correct?
Are you the only one who gets to see dark orders? There is a lot of edge in knowing large orders at prices away from the market.
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Watching to see if this takes some orders from the books, there has been a steady $55k on the offer up to 0.47
I will be looking for trades at prices w/o a bid or offer, writing it already for my site.
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If anyone wants to explain bitcoins to their family and friends over the thanksgiving holiday, please consider bitcoinsportsbook.com. The site will take wagers down to 0.01 btc. I have cut fees to zero (from .001 per 1 btc) all weekend. Please excuse the bump, but I believe the site is a good way to show how bitcoins work. I then suggest you withdraw some of your coins and show how the transaction shows up at the explorer http://blockexplorer.com/Happy thanksgiving |
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BTW, not sure if it's good idea, but I can mention bticoin faucet on "Download" page, so someone from outside can download files atleast once (with current price it will allow to download two times). Should I do that or we should not exploit Faucet?
If you can keep track, I'll pledge 10 btc to the faucet to reload (0.05 btc is 200 uses) to track that someone got their coins from Faucet? I don't think so. I can track how much people clicked on Faucet link tho. It should be easily done with Google Analytics. duh. I don't know what I was thinking |
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BTW, not sure if it's good idea, but I can mention bticoin faucet on "Download" page, so someone from outside can download files atleast once (with current price it will allow to download two times). Should I do that or we should not exploit Faucet?
If you can keep track, I'll pledge 10 btc to the faucet to reload (0.05 btc is 200 uses) |
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I like it. I think I will send this link to those who ask me what a bitcoin is.
I don't want to nitpick a nice page like that, but is exchanging bitcoins to 'normal cash' is implying that bitcoins are 'abnormal'? I describe to my friends that the current exchange rate is available at MtGox, not the current value. I try to be specific, as the value of a bitcoin will get you 'X lbs' of coffee for instance.
Very nice page, I'll use it. Thank you.
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TTBit-- Are you in any way affiliated with Trading Technologies (TT)? They have a "market depth trader" or "MD trader" that looks like your newest output.
Great catch, but no, I am not affiliated with Trading Technologies - however, I am a member of the CME, and used their software years ago. The 'TT' comes from the "taters" name which was my softball team in college. Their format must have inspired me  |
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update: Volume data was added
MtGox volume in the ticker doesn't match up with the volume I sum up from the data provided. The 2nd row is MtGox ticker volume.
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I appreciate the total USD price, it's nice. Do you plan real-time ajax interface? I hate mtgox because it _is_ ajax, but still have to refresh for new data. Above is written in Perl, and I'm reading about php
<OT>Maybe your mind is too much overcomplicated from perl that you don't get the beginner's kludge called 'php' ;-). If you are new in php and skilled in perl, try python instead.</OT> Thank you for the tip. I enjoy programming, and will learn as I go. Having the matrix update real-time would be sweet. |
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It's really weird at this point to still not have the whole order book at mtgox. Not to mention that it is always skewed toward showing more asks than bids.
I think there are a lot of shadow bids out there. No one is going to tip their hand and display they want to buy $20k worth of coins. I think if we had the total account balance at MtGox, it would show a different picture. |
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http://www.taters.net/cgi-bin/btc/matrix.pl?axisinc=0.01Should be obvious, however: *Change your axis increment at the top. *The Green Columns on left and right is total USD bid/offered at that level, with [Totals in brackets] *Total coins bid/ask at that level [number of orders in brackets] price & volume data will be included, my goal is to make a complete front-end for trading at MtGox. Above is written in Perl, and I'm reading about php - I'm stuck at the 'hello world' section 
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The bitcoin vs the state thread got me thinking about how small of a chance we are talking about.
Please rank the following in the order of likeliness:
A: You thoroughly shuffle a deck of cards into its original order.
B: A normal 6 year old girl who never bowled before bowls a perfect game 10 times in a row.
C: A MLB baseball pitcher strikes out every batter he faces in a season.
D: Tiger Woods gets a hole in one for every par 3 he faces in a year.
E: A person wins 5 Powerball lotteries in a row (Say 80,000,000:1 against each)
F: A bitcoin address collision is discovered in the next 20 years using most modern technology.
If the 'atoms in the universe' rule is true, my guess:
A, D, B, C, E, F.
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When I sell something on BiddingPond and post the address to pay to in the listing, this would help verify payment was sent.
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As a non-programmer, I like this. I can see how my transactions are not 100% anonymous.
I'd like to re-visit that bitcoin laundromat...
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Good question, not sure what amazon would do if it came back as stolen credit card. DYODD.
Anyone know if gift cards are irrevocable?
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If you owned 20,000 bitcoins, wouldn't you want to spend an extra $5.00 and buy 10 bitcoins at 50c each, therefore bringing your net worth of bitcoins to $10,000?
The individuals putting out these quotes in thin markets know exactly what they are doing. In this case, they may be encouraging new offers to come to market.
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