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Loving the clean look of the site,uncluttered and user friendly!
Seems to have stole all the best features off the betfair interface and got rid of all their screen fluff!
Win win!
Anyone come across any major issues in the beta so far?
Have suggested adding or losing a click here or there but the it's remarkably polished for a beta!
I'd like to see the inplay timing reduced if we're using real money tho?
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You can use a betting agent with Bitcoin such as AsianConnect88, BetInAsia and others - and deposit your Bitcoin with them and withdraw via Bitcoin with them as well.
They can open for you an account with Orbit Exchange or 9Wickets which are BetFair clones!
This way you would participate, indirectly, in the real BetFair website - and would pay even smaller commissions (3% instead of 5% on the winnings).
Couple of questions: (1) My understanding was betting agents are only really for high rollers. Is that not the case anymore? (2) Do Orbit / 9Wickets allow BTC deposits? 1) no they aren't for high rollers , been using them for over a year a now and did many small deposits and withdrawals ( I'm using Asianconnect88 ) 2) thing is that you aren't directly depositing to orbit or 9wickets , you create an account with asianconnect then you ask their support to open an account for you in orbit they will create your account and send you your login details after that you deposit bitcoin to asianconnect and transfer it to orbit , so both of your deposits and withdrawals are through the broker ( which is Asianconnect in my case ) they are really great and I'm using them a lot for horse racing This is really interesting - always thought I needed to be betting large amounts to go through a broker. Same here Mel! Here in the UK the use of brokers i think is still the reserve of the high rollers in general,i do hear it mentioned in dispatches but im sure some just do it for the kudos of perhaps being perceived as a high roller! (i am not a high roller!) |
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commission in both of Orbit and 9wickets is 3% on winnings , which is lower than the standard betfair but as I understood from support commissions don't get lower lower even if you wager hundred of thousands with them unlike betfair where high rollers get discounts
Also ,do you know if can we gain api access to the exchange through Asianconnect pls? I couldn't find any info regards api access on their site? 9wickets say explicitly that they don't provide API access. I assume Orbit is the same deal, but maybe SyGambler knows. To be honest, without API access, an exchange is useful but still more of a glorified sportsbook than anything. Being able to Lay a bet is great, and the prices can be good... but without API access, 90% of the really interesting exchange activity is not possible, including market making and HFT. yeah Asianconnect don't offer API access for both of the exchanges , so this may be a problem for some of you personally I don't trade and I mainly use orbitexchange for horse racing since I have no access to any of UK bookmakers that offer good lines for racing so orbit is my only place to bet on horses it's not perfect , but it's helpful if you have lack of options and lower commissions is always great  Completely agree re the api access,an exchange where you havent got it is pretty much an exchange in name only! The ability to make real time decisions and react to them instantaneously is pretty much the whole user exchange experience in a nutshell for me personally otherwise like you arco and sy id just be using sportsbooks(or an exchange as a glorified one) I dont think ive acome across anything so far that matches the betfair/matchbook/betdaq exchange user experience in cryptoland. |
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Many thanks for the replies and info over the weekend guys!
...
To answer your premium charge question on betfair,they very cleverly market the exchange as a "5% commission paid on winning bets" as they're general rule of thumb.
However the actual reality is that for a long term winning bettor on betfair their pricing structure and premium charge means you will pay a MINIMUM of 22.5% ish in commission,staggering I know! (I generally hover between 21% and 25% myself....21% means I'm on a good run...25% makes me cry a lot lol)
Hi Josjac, I'm glad my initial post here in this thread helped you (and maybe others) see there is an easier way to bet in "BetFair" using Bitcoin. Using agents is simply next to none, you won't get any better than this. Now regarding the commission - I know with Orbit the commission is 3% flat, so you would never pay more than 3% on your winnings - so in that case this is better for you than using BetFair website, isn't it? Thanks getpaid,yes the commission rates are lower than betfair and the lure of no premium charge,or the constant fear of getting trapped into it at least,does make it attractive! Orbit is geoblocked though for UK users(i am one) and yes i can go the vpn route i suppose but again its just an added hassle and they arent foolproof either as lots of betting companies automatically restrict your betting when they detect youre using a vpn (betvictor is one sportsbook i know of that automatically do this). |
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It sounds v decent, no KYC obviously a huge attraction. What is the commission rate? Does it work just like on Betfair (5-7% base rate with discounts for volume players)? Or better? And what about premium charge?
Really appreciate the info, bit of an eye-opener after using vanilla Betfair for so many years!
commission in both of Orbit and 9wickets is 3% on winnings , which is lower than the standard betfair but as I understood from support commissions don't get lower lower even if you wager hundred of thousands with them unlike betfair where high rollers get discounts I didn't get what you mean about premium charge , can you explain it ? Many thanks for the replies and info over the weekend guys! I've looked at asainconnect thanks sy and they do seem to provide an immediate sticking plaster solution to my problem of betting bitcoin on betfair exchange but it's not really the same as my user experience with betfair where my decisions are acted out instantaneously and I'm driving the ship so to speak! Also ,do you know if can we gain api access to the exchange through Asianconnect pls? I couldn't find any info regards api access on their site? To answer your premium charge question on betfair,they very cleverly market the exchange as a "5% commission paid on winning bets" as they're general rule of thumb. However the actual reality is that for a long term winning bettor on betfair their pricing structure and premium charge means you will pay a MINIMUM of 22.5% ish in commission,staggering I know! (I generally hover between 21% and 25% myself....21% means I'm on a good run...25% makes me cry a lot lol) There's a huge market out there for a low cost fully functional betfair type experience using crypto and frankly given the tech know-how there is in the field im amazed it hasnt been put on the market yet! If the crypto sportsbooks are exploding as im reading about then quite simply an exchange has to follow! |
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Cheers guys,agree re them two sites,potential for sure but a long way from what I'd be used too or indeed looking for at the minute.
Bookiepro look and feel last summer was more or less there as far as I can tell in terms of the user exchange experience (backing/laying) but obviously trading was difficult given the limited scope of the number of users and the amount of "currency" in play.
As we know an exchange lives or dies by it's liquidity!
I didn't join betfair til 2003 but would have liked to have seen the liquidity volumes in the very early years?
Is there anyone here that pre-dates 2003 and can remember how it was?
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Both Fairlay ( click for link) and BetBTC ( click for link) are sportsbooks and also betting exchanges, though I've personally never used either of them and they don't seem to have a lot of volume from what I can see right now. I don't currently see any active scam accusations against either site so they should be safe to use (BetBTC's thread dates back to Nov 2014 and Fairlay's to July 2014), though please feel free to correct me if I am wrong. Leo you are truly wonderful! I will check out them links,many thanks! |
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Long term user of Betfair betting exchange here, mostly soccer but also other sports. Not a big user of bitcoin for betting, but starting to get involved. Would love to see a proper betting exchange like Betfair with BTC and lots of liquidity!
I used bookiepro on their testnet during the world cup and even managed to bag a couple of small prizes but that seems to have died a death at minute?
I hear there is so much BTC being bet on sportsbooks, surely a betting exchange is the next logical step? Interested to hear others' opinions on this.
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I really don't understand about much "Lay"...Example: Germany - Mexico, i lay Mexico WIN with odds 100. If Mexico lose, i win? If they draw or win, i lose?
John,if you "lay" you are betting AGAINST a team.....so if you lay Mexico as per your example,should Mexico lose the game or tie the game you win your bet. If Mexico win,then you lose however much you staked against them. If Mexico are 3.0 (equal to 2/1 in uk betting terms) you lose twice your stake if they win ,2 for every pound/euro/dollar/btc you "laid" them for, if mexico dont win you keep whatever stake you laid. |
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Have I stumbled upon a secret Liverpool FC supporters thread?
It's just the amount whining going on this thread is only normally ever found on a football thread by scousers.
" It's our ball and nobody else should be allowed to play with it"
Boo fucking hoo,man the fuck up and say it how it is "we don't want these gambler types to come along and steal our nerdcoins that we believe we have some Devine right to by being a member of some forum"
Well unlucky nerdtown the gamblers are here and we're swimming and feasting in nerdtowns pure waters and there's nothing you whinging little bitches can do about it.
When I win all the nerdcoins I think I'll immediately convert what's left from the class A online purchases to fiat and stick it all on black at the local casino and film it for nerdtowns perusal as you cry into your Liverpool FC pillow cases.
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As you cas see cheaters/abusers already started creating multiple accounts to join your nice promo and get advantage of it.
If you really want to reserve the promo to bitcointalk community in fair way I would suggest you to allow to join the promo only people above a certain rank or account registered before a certain reasonable timestamp.
Please stop these annoying abusers who are often the main reason for which nice promoes like this are increasingly rare.
I disagree, i found out from the Bookie mailing list. I've been following this project since the ICO Agreed, I'm the same. I'm also the same,have followed the bookie project from early on but i'm primarily a gambling enthusiast rather than a crypto enthusiast. |
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A: Josjac-1
B :3C9EcgvCicjRMBmg2hazoGuU4CCMyD9LX8
C: @swansalona1
D: VAILDATE
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