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[PrediMarket]

Here are our odds for the Full Time Result market of this upcoming game:

Manchester United vs Southampton
Premier League - Round 2
19 Aug 2016 19:00:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	1.581 (0.00010000 BTC)	|	1.504 (0.03930000 BTC)	|	1.210 (0.37980000 BTC)
Back Draw	|	4.308 (0.00010000 BTC)	|	3.619 (0.02700000 BTC)	|	3.184 (0.05400000 BTC)
Back Away	|	6.418 (0.00010000 BTC)	|	5.428 (0.01560000 BTC)	|	4.776 (0.03120000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	1.613 (0.00010000 BTC)	|	1.716 (0.03930000 BTC)	|	2.073 (0.11800000 BTC)
Lay Draw	|	4.401 (0.00010000 BTC)	|	5.883 (0.02800000 BTC)	|	27.716 (0.05610000 BTC)
Lay Away	|	6.563 (0.00010000 BTC)	|	8.883 (0.01800000 BTC)	|	44.100 (0.03600000 BTC)

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Very high odds, Instant Deposit and Withdrawal

[DarkStar_]

I used your example from the above post with the back odds for Manchaster United vs Southampton, and found a 2% margin, which is really bad for such a little amount compared to your old system. At Fairlay, probably your biggest competitior, the magin is 0.79%. Granted, your volume is a lot less, but the very high odds is misleading. While the odds are Fairlay are set by the bettors, your perfect 2% margins leads me to think that you set the base odds.

[PrediMarket]

@DarkStar_

Thank you for your input, it is really appreciated

The margin is not set in stone and we will probably change it soon.

Taking Man U vs Southampton as an example, it is true that Fairly offers a lower margin at this moment (1.13% according to my calculations) for back odds.
However, BetBtc which is also an exchange offers 2.6% on that game.

It is not always easy to find a fair margin/commission but I can improve that.

For example, I updated the prices and limits of Man U vs Southampton:

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	1.597 (0.00010000 BTC)	|	1.519 (0.07920000 BTC)	|	1.222 (0.76520000 BTC)
Back Draw	|	4.352 (0.00010000 BTC)	|	3.794 (0.04110000 BTC)	|	3.408 (0.08230000 BTC)
Back Away	|	6.486 (0.00010000 BTC)	|	5.676 (0.02410000 BTC)	|	5.098 (0.04830000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	1.613 (0.00010000 BTC)	|	1.716 (0.07920000 BTC)	|	1.953 (0.19810000 BTC)
Lay Draw	|	4.399 (0.00010000 BTC)	|	5.887 (0.05650000 BTC)	|	32.666 (0.11310000 BTC)
Lay Away	|	6.560 (0.00010000 BTC)	|	8.877 (0.03620000 BTC)	|	41.755 (0.07250000 BTC)

What would you say of these odds/liquidity now, compared to other bookmakers?

[PrediMarket]

Here are our odds for the Full Time Result market of this upcoming game:

Manchester United vs Leicester
Premier League - Round 6
24 Sep 2016 11:30:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	1.826 (0.00010000 BTC)	|	1.751 (0.07420000 BTC)	|	1.568 (0.32690000 BTC)
Back Draw	|	3.883 (0.00010000 BTC)	|	3.598 (0.03920000 BTC)	|	3.369 (0.07840000 BTC)
Back Away	|	4.878 (0.00010000 BTC)	|	4.523 (0.02870000 BTC)	|	4.236 (0.05740000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	1.845 (0.00010000 BTC)	|	1.937 (0.07420000 BTC)	|	2.123 (0.18570000 BTC)
Lay Draw	|	3.923 (0.00010000 BTC)	|	4.750 (0.07420000 BTC)	|	9.674 (0.18570000 BTC)
Lay Away	|	4.929 (0.00010000 BTC)	|	6.493 (0.07420000 BTC)	|	34.010 (0.15630000 BTC)

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Very high odds, Instant Deposit and Withdrawal

[btcloi78]

Nice to see another sportbook exhange who accept bitcoins.I will try your site with low amounts of bitcoins.

[PrediMarket]

@btcloi78

Do not hesitate to leave a comment if you will, it is always helpful!

[PrediMarket]

Here are our odds for the Full Time Result market of this upcoming game:

Dortmund vs Real Madrid
UEFA Champions League - Round 2
27 Sep 2016 18:45:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	2.822 (0.00010000 BTC)	|	2.772 (0.05330000 BTC)	|	2.725 (0.10660000 BTC)
Back Draw	|	3.540 (0.00010000 BTC)	|	3.478 (0.03800000 BTC)	|	3.418 (0.07600000 BTC)
Back Away	|	2.679 (0.00010000 BTC)	|	2.632 (0.05790000 BTC)	|	2.587 (0.11590000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	2.850 (0.00010000 BTC)	|	2.926 (0.07350000 BTC)	|	3.053 (0.18390000 BTC)
Lay Draw	|	3.576 (0.00010000 BTC)	|	3.709 (0.07350000 BTC)	|	3.943 (0.18390000 BTC)
Lay Away	|	2.706 (0.00010000 BTC)	|	2.772 (0.07350000 BTC)	|	2.882 (0.18390000 BTC)

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Very high odds, Instant Deposit and Withdrawal

[PrediMarket]

Here are our odds for the Full Time Result market of this upcoming game:

Atl. Madrid vs Bayern Munich
UEFA Champions League - Round 2
28 Sep 2016 18:45:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	3.113 (0.00010000 BTC)	|	3.053 (0.04680000 BTC)	|	2.997 (0.09360000 BTC)
Back Draw	|	3.297 (0.00010000 BTC)	|	3.234 (0.04290000 BTC)	|	3.174 (0.08590000 BTC)
Back Away	|	2.594 (0.00010000 BTC)	|	2.544 (0.06240000 BTC)	|	2.497 (0.12480000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	3.145 (0.00010000 BTC)	|	3.250 (0.07470000 BTC)	|	3.433 (0.18690000 BTC)
Lay Draw	|	3.330 (0.00010000 BTC)	|	3.452 (0.07470000 BTC)	|	3.666 (0.18690000 BTC)
Lay Away	|	2.620 (0.00010000 BTC)	|	2.686 (0.07470000 BTC)	|	2.796 (0.18690000 BTC)

Check out more games and markets at predimarket.net!
Very high odds, Instant Deposit and Withdrawal

[PrediMarket]

Here are our odds for the Full Time Result market of this upcoming game:

Sparta Prague vs Inter
UEFA Europa League - Round 2
29 Sep 2016 17:00:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	3.242 (0.00010000 BTC)	|	3.181 (0.04410000 BTC)	|	3.123 (0.08830000 BTC)
Back Draw	|	3.343 (0.00010000 BTC)	|	3.280 (0.04220000 BTC)	|	3.220 (0.08440000 BTC)
Back Away	|	2.485 (0.00010000 BTC)	|	2.438 (0.06730000 BTC)	|	2.393 (0.13460000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	3.275 (0.00010000 BTC)	|	3.389 (0.07500000 BTC)	|	3.590 (0.18750000 BTC)
Lay Draw	|	3.376 (0.00010000 BTC)	|	3.500 (0.07500000 BTC)	|	3.718 (0.18750000 BTC)
Lay Away	|	2.510 (0.00010000 BTC)	|	2.568 (0.07500000 BTC)	|	2.663 (0.18750000 BTC)

Check out more games and markets at predimarket.net!
Very high odds, Instant Deposit and Withdrawal

[PrediMarket]

Here are our odds for the Full Time Result market of this upcoming game:

Chelsea vs Leicester
Premier League - Round 8
15 Oct 2016 11:30:00 UTC

	|	Min Depth	|	Avg Depth	|	Max Depth
Back Home	|	1.718 (0.00010000 BTC)	|	1.641 (0.07260000 BTC)	|	1.401 (0.45290000 BTC)
Back Draw	|	4.149 (0.00010000 BTC)	|	3.761 (0.03680000 BTC)	|	3.467 (0.07360000 BTC)
Back Away	|	5.345 (0.00010000 BTC)	|	4.853 (0.02610000 BTC)	|	4.472 (0.05230000 BTC)

	|	Min Depth	|	Avg Depth	|	Max Depth
Lay Home	|	1.735 (0.00010000 BTC)	|	1.832 (0.07260000 BTC)	|	2.037 (0.18160000 BTC)
Lay Draw	|	4.193 (0.00010000 BTC)	|	5.584 (0.07260000 BTC)	|	41.847 (0.14650000 BTC)
Lay Away	|	5.403 (0.00010000 BTC)	|	7.281 (0.05500000 BTC)	|	36.430 (0.11000000 BTC)

Check out more games and markets at predimarket.net!
Very high odds, Instant Deposit and Withdrawal

[braila]

hi predimarket, please tell me why your site have just 1% margin. this site is  not an exchange.please argument why i should bet here. many bitcoin sportsbook have in the past greate odds just for attract bettors and then close the site. how many bettors have this sportsbook site to trust. in this forum is not verry much activity. thanks.

[PrediMarket]

@braila

Sorry but I don't really understand your concern.

Why have we low margins? To attract bettors.
Is this site a scam? No, otherwise you can be sure people would have raged in the thread.

[bestgr]

I tried to register, but I haven't received the verification e-mail yet (not even in spam) and it has been more than 8 hours. And, the website does not have any option to re-send...

[PrediMarket]

Hi bestgr,

Sorry about your misfortune but thanks for reporting: we will investigate the issue asap.

Meanwhile, you can send me a private message with the e-mail you used for registering: I'll enable your account directly.

Best regards,
PrediMarket

[bestgr]

Hi bestgr,

Sorry about your misfortune but thanks for reporting: we will investigate the issue asap.

Meanwhile, you can send me a private message with the e-mail you used for registering: I'll enable your account directly.

Best regards,
PrediMarket

Thanks. My account is activated now. I sent you a PM about my deposit.

[bestgr]

I placed a couple of bets and I have some initial suggestions.

1) On active bets under "account", display the resolution date, so that we can quickly know when the bet is settled.
2) Display both the value at bet time (which is the amount the user risked) and the value if win, without having to click the "Action" button
3) Display the actual odds at which the bet was placed. Now in order to see that, I need to divide the two values.
4) I still haven't found how I can "cashout" a bet before its resolution time. I think it needs to be somewhere clear.


Edit:
One of the events where I bet finished more than an hour ago, but the bet still hasn't been graded. I take it grading is performed manually rather than automatically? If yes, this is the biggest change you should implement. The MOST important things to bitcoin gamblers are fast deposits/withdrawals, high limits and fast grading of bets so they can re-bet.

[PrediMarket]

Thanks for your input!

I think bullets 1) and 3) can be implemented in our next release.
I am not so sure about 2) because of space management reasons (website has to functional from both desktop and mobile).

As for bullet 4), the cashout has been disabled for the time being (it was accessible from the Action drop-down button). Actually, it was functional when we offered only back bets but with the introduction of lay bets, it needs to be reworked to allow not only a full resell of the bet but any fraction (from 0% to 100%) of it. I am not sure if this is clear from the website in its current form.
But anyways, the cashout actually consists in placing a bet in the other way to counter your current position. For example, if you had a back bet on the Home victory, the cashout would place a lay bet on the Home victory with the same "magnitude" but with a cost calculated according to all the wages placed on the market so far. As a result, in practice, you can still cashout "manually" by placing an inverse bet: the cashout option simply made the exact match for you in terms of magnitude and made it clearer for the user.

Edit: Just saw your edit. The results of the fixtures are received automatically but we do require a manual confirmation of it before settling the bets. I understand it is a hindrance for players but if by any chance the result set for the fixture is not right (data provider mistake or whatever), then it might be difficult to reverse the payments as players could withdraw their money immediately. We could actually get rid of this manual confirmation step if we state that the game result as set in our system is subject to errors but cannot be argued about. Note that when I say errors might occur, it is probably around 0.1% of the time but still, the player experiencing it will be (legitimately) angry. You seem to be a seasoned gambler: do you think players would accept such terms i.e. trading game result reliability (0.1% of the time) against fast settlement?

[bestgr]

Thanks for your input!

I think bullets 1) and 3) can be implemented in our next release.
I am not so sure about 2) because of space management reasons (website has to functional from both desktop and mobile).

As for bullet 4), the cashout has been disabled for the time being (it was accessible from the Action drop-down button). Actually, it was functional when we offered only back bets but with the introduction of lay bets, it needs to be reworked to allow not only a full resell of the bet but any fraction (from 0% to 100%) of it. I am not sure if this is clear from the website in its current form.
But anyways, the cashout actually consists in placing a bet in the other way to counter your current position. For example, if you had a back bet on the Home victory, the cashout would place a lay bet on the Home victory with the same "magnitude" but with a cost calculated according to all the wages placed on the market so far. As a result, in practice, you can still cashout "manually" by placing an inverse bet: the cashout option simply made the exact match for you in terms of magnitude and made it clearer for the user.

Edit: Just saw your edit. The results of the fixtures are received automatically but we do require a manual confirmation of it before settling the bets. I understand it is a hindrance for players but if by any chance the result set for the fixture is not right (data provider mistake or whatever), then it might be difficult to reverse the payments as players could withdraw their money immediately. We could actually get rid of this manual confirmation step if we state that the game result as set in our system is subject to errors but cannot be argued about. Note that when I say errors might occur, it is probably around 0.1% of the time but still, the player experiencing it will be (legitimately) angry. You seem to be a seasoned gambler: do you think players would accept such terms i.e. trading game result reliability (0.1% of the time) against fast settlement?

Thanks for your reply. I totally understand what you mean about the settlement and I agree that you need to protect yourselves from such mistakes. To be honest, personally, I would prefer having fast settlements by sacrificing the fact that you have the right to revoke a payment in case of grading mistake, but, as you said, other people might be very angry seeing their payment revoked. So, I am not sure I can advise you on that matter, beyond my personal opinion.

Thanks for taking suggestions into account! Keep up the good work. I really like your website so far.

[PrediMarket]

@bestgr

Again thanks for your feedback.

Skipping the human verification step would actually save us a significant workload.
We'll keep collecting opinions here and there and if people are willing to take the risk of an error, then we will grade the bets automatically: theoretically, it means players would get their payoffs about half an hour after the end of the game.

[bestgr]

@bestgr

Again thanks for your feedback.

Skipping the human verification step would actually save us a significant workload.
We'll keep collecting opinions here and there and if people are willing to take the risk of an error, then we will grade the bets automatically: theoretically, it means players would get their payoffs about half an hour after the end of the game.

An idea on something you can do in order to not have this situation is to automatically grade all events where the total amount placed is less than X amount. This way, all the non-popular events will be graded really fast since they won't have many bets on them, and the most popular ones will be done manually. This way, even if an error on automatic grading happens, you won't lose much money, since the event has a small amount of bets.

I think this could save you lots of man-hours, without risking much.