I wrote the software for running a bitcoin-based betting exchange, similar to Betfair of Betdaq, only leveraging the strengths of bitcoin. Sort of like a mediated P2P betting exchange where the site operator acts as the escrow (and naturally makes his commission from the winnings). In the hands of the right person, I believe it could turn a handsome profit - and that's why I created it. Operator takes no risk, only matches bets from the users with each other and decides the outcome of the event when it has been determined.
However, after some consideration, I have decided to sell it instead of running it myself, both because of potential future legal issues and because I don't have the time for it.
It is written to have extremely low barriers to participating, inspired by the SatoshiDice-style, where you just send bitcoin to a given address to place your bet. The user navigates the site, finds the odds that correspond to backing/laying a given selection in a given event and simply sends bitcoin to the corresponding address. A daemon running in the background picks up the transaction from the bitcoin network and enters the bet into the books or matches it with other bets that have come in earlier.
It was opened for live testing in onionland for half a week in September and experienced no problems.
Features:
- Lightweight - written in Python (web.py/lighttp)
- Twitter Bootstrap HTML+CSS
- Postgresql backend
- Daemon that listens for and registers incoming payments immediately
- Tested in .onion
It is in a simple and crude form, and would require some technical knowledge to operate.
Accepting offers either in this thread or by PM, please specify the terms of your offer. Let me know if you have any questions!
PS: For those asking "how is this different from betsofbitcoin": it allows players to choose their own odds, guarantees those odds when they are matched (not like betsofbitcoin which has some strange time-discounting), and it allows trading and arbitrage with sites such as betfair and betdaq. Anything I forgot?
