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Author Topic: coinpricebet.com - Fair parimutuel (team / team) betting on coin markets! [BETA]  (Read 246 times)
coinpricebet
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December 03, 2017, 11:45:53 PM
Last edit: December 04, 2017, 12:14:20 AM by coinpricebet
 #1

coinpricebet.com
Place bets on cryptocurrency market prices and win big!
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Features
  • Transparent
    Average prices fetched regulary from coinmarketcap.com
  • Beautiful
    Simple and efficient UI
  • Profitable
    Grab all the bank


Beta state:
  • The website is not optimized for mobiles yet
  • Payouts are manual


Bitcoin futures - today!
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debuni
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December 03, 2017, 11:57:27 PM
 #2

What is your commission from the pool?

Onehash is already offering parimutuel betting on sports and bitcoin + most popular alts, but they don't have volume on those type of bets. 
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December 04, 2017, 12:11:09 AM
 #3

Hello, thanks for the reply,

We're currently taking 20% commission from the pool. We know about OneHash; being focused on cryptocurrencies markets gives us an advantage!

Please note, that we're taking commission only from loser team bets, so winners are always in profit!
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December 04, 2017, 01:50:33 AM
 #4

Hello, thanks for the reply,

We're currently taking 20% commission from the pool. We know about OneHash; being focused on cryptocurrencies markets gives us an advantage!

Please note, that we're taking commission only from loser team bets, so winners are always in profit!

I think your commission is too high for this type of game.

Whether you take only from loser team or not but for gamblers that 20% looks quite high so you may consider reducing that commission % at least in the beginning to attract more players.
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December 04, 2017, 04:58:10 AM
 #5

Hello, thanks for the reply,

We're currently taking 20% commission from the pool. We know about OneHash; being focused on cryptocurrencies markets gives us an advantage!

Please note, that we're taking commission only from loser team bets, so winners are always in profit!

WOW. 20% is huge! Really huge! Even Directbet wasn't offering odds with 20% margin.

It doesn't mater from where you are taking it - a winner or loser. As a player, I can't be always a winner! I will stick to Onehash and binary trading...
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December 04, 2017, 06:44:25 AM
 #6

There is multipliers logic different from OneHash's. Bet placed early will have up to x5 multiplier. Also 50% of these 20% go to referral fees. We think it's quite fair, but thanks to your responses, we'll give it a thought!
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December 05, 2017, 11:06:28 AM
 #7

I tried opened your site juat now through my phone and it seems your site is not good yet because there is still unsettle position right away for your words. Anyway I can't see any odds and the how much time that each game take to place the bet before it close down. This is price prediction so I think it will always has some limit on each game like 5 mins or may be 10 mins before the game ends so we will know the price will stop on what number

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coinpricebet
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December 08, 2017, 06:13:13 AM
 #8

I tried opened your site juat now through my phone and it seems your site is not good yet because there is still unsettle position right away for your words. Anyway I can't see any odds and the how much time that each game take to place the bet before it close down. This is price prediction so I think it will always has some limit on each game like 5 mins or may be 10 mins before the game ends so we will know the price will stop on what number

Hey BTCevo, thanks for the reply!

Yes, the website is not ready for mobiles yet, sorry for that. Regarding to limits, you can place a bet anytime, but the multiplier is falling down to 0.01%. That means that your $10 bet weight will be counted as $0.001, making it not worthy.

By the way, we're thinking of switching to another currency. Bitcoin transactions are expensive an slow. Which currency is better for that? Stellar?
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December 08, 2017, 06:25:35 AM
 #9

coinpricebet.com
Place bets on cryptocurrency market prices and win big!



Features
  • Transparent
    Average prices fetched regulary from coinmarketcap.com
  • Beautiful
    Simple and efficient UI
  • Profitable
    Grab all the bank


Beta state:
  • The website is not optimized for mobiles yet
  • Payouts are manual


Bitcoin futures - today!
So the bets are made against other players who will be betting on the opposite binary that we've chosen? Is there some option where we can bet against the house? The current bet being offered is pretty stupid, "By 13:30 BTC price will be more than 17899.70 USD" , you are expecting a rise of 2K in 1 and a half hours from now? No one will bet if the structure remains the same, if you provide an option for betting against the house then chances are that you'll get bankrupt. Something more dynamic will be much more appreciable. Also I can bet 1 minute before the bet closes that if the price will be more or less. Sorry, but the concept on which the website is working is pretty much corrupt.
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December 08, 2017, 06:52:58 AM
 #10

Hello, thanks for the reply,

We're currently taking 20% commission from the pool. We know about OneHash; being focused on cryptocurrencies markets gives us an advantage!

Please note, that we're taking commission only from loser team bets, so winners are always in profit!
Like other said 20% is huge commission for a mutual betting site, you should lower it to around 5% as promotional offer in your starting days to attract more new players.

There is competition in the market, there are also binary options where we can bet against house instantly rather than waiting for other to bet against us.

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Lionidas
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December 08, 2017, 07:02:33 AM
 #11

How much easier is this to use because I know one or two other sites who allow this sort of betting to wager on the price but they are very hard to predict as it is spaced out in sets of 5 hour intervals.
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