Simple Options: A provably fair trustless binary options smart contract.

[happypsyduck]

If you want a true kind of gambling you must check this site because this is perfect for you. It is easy to play like bet game or guessing game. That all we need is mind game and your luck in guessing. But this site management is really wise because they choose to use eth that all we know that kind of fast moving coin.

Thanks for the feedback. Yeah, this game rewards players who are good at predicting price movement. It is fair and easy to win in that scenario.

[1715383502]

1715383502

[1715383502]

1715383502

[happypsyduck]

Current Pot is about 0.5 ETH. Ticket Cost is: 0.0051 ETH

These are the Game Rules:

• Predict what direction you think the price of Ethereum will go 1 hour from the starting point.
• Winners will split the house pot, up to 90%, depending on the odds of winning.
• When you win, you will be able to withdraw what you put in plus a part of house pot.
• Winners will be rewarded a percentage of the house pot proportionally based on their tickets purchased.
• The entire market in ran on a trustless Ethereum smart contract.
• Compound.Finance price oracles are used for price determination as they update frequently.
• Buy Call tickets when you think the price will rise, Put tickets when you think the price will fall.
• When you lose a round, your funds are transferred into the house pot.
• Rounds last for only 1 hour. Tickets can be bought during the first 30 minutes.
• Odds of winning: Total Winning Tickets / Total Tickets Bought.
• Percentage paid out is calculated as: 10% + (80% x (1 - Odds of Winning) ).
• Regardless of the percent, payouts are capped to the total ETH amounts for either side, whichever is higher.
• The price of a ticket is 1/100th the house pot. This is constant during a Round.
• There is a 5% fee pulled from the house pot distributed to the winners. There is no fee to withdraw or buy tickets.
• After the round ends, you can manually close the round if the automated service fails to do so.
• Gas for closing a round is paid for from the house pot.
• You can only withdraw from a closed round. You cannot withdraw from an open round.
• To withdraw a balance from a previous round, go back to the round with the balance and then withdraw.
• If the price doesn't change or the round ends too late, the round will be a draw and you will get your funds back.
• Maximum amount of users per round is 1000.

[nakamura12]

I realize that this bet is for people who can almost have accurate predictions so they can win the bet. And for people who cannot predict or if you don't have good skills, then I suggest you be careful. I feel that I cannot predict correctly, and sometimes, I miss something in my analyzing, so I think it's difficult for me to predict where the price will move. But I am curious to see the result, and I wonder who will be the winner.

So, technically one must learned about technical analysis for a better chance of winning against other person whether the price will go up or down. You are correct that any person that doesn't have skills in predicting (only thinking randomly) are more likely to lose the bet but if the person you are against also don't know some skills then it would be harder to know which one will win and a little bit thrill.

[Twinkledoe]

What sustainable approach are you going to implement later on to have a constant number of players on your platform? That you will create a strong number of followers so each round you will always get number of players and not hoping that someone will make a mistake of checking on you.

[happypsyduck]

What sustainable approach are you going to implement later on to have a constant number of players on your platform? That you will create a strong number of followers so each round you will always get number of players and not hoping that someone will make a mistake of checking on you.

What is great about this version is that you do not need players to play against. You will win some of the pot regardless of who is playing.

[milewilda]

As mentioned where winners can get 90% the house pot.Then what you do actually mean of this one?

"There is a 5% fee pulled from the house pot distributed to the winners. There is no fee to withdraw or buy tickets".

Overall 15% and only 85% would be divided among winners? Thats too much.

[happypsyduck]

As mentioned where winners can get 90% the house pot.Then what you do actually mean of this one?

"There is a 5% fee pulled from the house pot distributed to the winners. There is no fee to withdraw or buy tickets".

Overall 15% and only 85% would be divided among winners? Thats too much.

Based on the Odds, the winner can earn up to close to 90% of the pot. The less likely the odds of winning, the higher the payout when winning. That payout is taken from the house pot and a 5% fee is taken from that. The payout is though, capped to the maximum ETH of either playing side.

[happypsyduck]

I realize that this bet is for people who can almost have accurate predictions so they can win the bet. And for people who cannot predict or if you don't have good skills, then I suggest you be careful. I feel that I cannot predict correctly, and sometimes, I miss something in my analyzing, so I think it's difficult for me to predict where the price will move. But I am curious to see the result, and I wonder who will be the winner.

So, technically one must learned about technical analysis for a better chance of winning against other person whether the price will go up or down. You are correct that any person that doesn't have skills in predicting (only thinking randomly) are more likely to lose the bet but if the person you are against also don't know some skills then it would be harder to know which one will win and a little bit thrill.

Those who are good with price action trading will probably do well in this market.

[perfect999]

How is the price of ethereum calculated? I mean do you take price from a particular platform/website or you take into account multiple prices from various sources and average them out.

I would suggest that you must use a average of a couple of price stamps and determine the price because a single whale can fluctuate price quite easily and benefit from you guys. I will check out your telegram channel and hopefully it explains more.
I am still reading and learning more about this, looks good.

[happypsyduck]

How is the price of ethereum calculated? I mean do you take price from a particular platform/website or you take into account multiple prices from various sources and average them out.

I would suggest that you must use a average of a couple of price stamps and determine the price because a single whale can fluctuate price quite easily and benefit from you guys. I will check out your telegram channel and hopefully it explains more.
I am still reading and learning more about this, looks good.

Compound.Finance is a major decentralized lending platform that has a public use price oracle that we source. They already average the Ethereum price from major exchanges into that oracle.