[ANN] Bookie - The world’s first decentralized betting exchange.

[bookieapps]

Do you find yourself wondering what a Peerplays Witness is?

We have the answer!

Read about it in this article on Steemit: http://ow.ly/vNhj30iGPaX

[semsyor]

Introduction to the Tech Behind Bookie: Data Proxies
https://steemit.com/betting/@bookieapp/introduction-to-the-tech-behind-bookie-data-proxies

Building a fully decentralized sports betting exchange requires the careful engineering of every technical and commercial component so that there is no single point of failure, and no centralized authority. Last month we introduced the decentralized affiliate marketing system that will be built into Bookie. This month we’d like to say a bit about how Bookie gets hold of sports data.

Standard sportsbooks and betting exchanges typically use a single sports data feed provider to provide information about upcoming sports events, manage In-Play betting, and use final results to decide whether bets are winners or losers. If Bookie were to pull sports information from a single data feed, this would be the very definition of centralized, offering not only a single point of failure (bad!) but also the possibility for bad actors to compromise Bookie’s integrity (very bad!).

The solution: Bookie uses decentralized oracles, called “Data Proxies”, operated collectively by Peerplays Witnesses. Each Data Proxy is connected to a particular sports data feed. The Data Proxy normalizes incoming sports data (against a Bookie standard), and then pushes it further to Peerplays Witnesses. Peerplays Witnesses are connected to multiple Data Proxies allowing them to crosscheck all data privately before reaching consensus, as a group, on each new data item to be added to the Bookie system. The entire process is automated.

In a simplified example using the NBA, the Cleveland Cavaliers play the Golden State Warriors at 8:00 p.m. EST. At 10:30 p.m. the game ends and Cleveland wins by seven points. All of this data (and more) feeds into Bookie via the data proxies in real-time, and your bet is settled within minutes of the game ending.

So that’s Data Proxies in a nutshell. We look forward to showing (rather than just telling) how this works in practice when Bookie moves into public beta later this Spring. Is building a decentralized betting exchange easier than building a centralized one? No, not by any stretch of the imagination. But we are convinced that robust decentralization has substantial long-term benefits for sports bettors the world over.

[bookieapps]

Introduction to the Tech Behind Bookie: Data Proxies
https://steemit.com/betting/@bookieapp/introduction-to-the-tech-behind-bookie-data-proxies

Building a fully decentralized sports betting exchange requires the careful engineering of every technical and commercial component so that there is no single point of failure, and no centralized authority. Last month we introduced the decentralized affiliate marketing system that will be built into Bookie. This month we’d like to say a bit about how Bookie gets hold of sports data.

Standard sportsbooks and betting exchanges typically use a single sports data feed provider to provide information about upcoming sports events, manage In-Play betting, and use final results to decide whether bets are winners or losers. If Bookie were to pull sports information from a single data feed, this would be the very definition of centralized, offering not only a single point of failure (bad!) but also the possibility for bad actors to compromise Bookie’s integrity (very bad!).

The solution: Bookie uses decentralized oracles, called “Data Proxies”, operated collectively by Peerplays Witnesses. Each Data Proxy is connected to a particular sports data feed. The Data Proxy normalizes incoming sports data (against a Bookie standard), and then pushes it further to Peerplays Witnesses. Peerplays Witnesses are connected to multiple Data Proxies allowing them to crosscheck all data privately before reaching consensus, as a group, on each new data item to be added to the Bookie system. The entire process is automated.

In a simplified example using the NBA, the Cleveland Cavaliers play the Golden State Warriors at 8:00 p.m. EST. At 10:30 p.m. the game ends and Cleveland wins by seven points. All of this data (and more) feeds into Bookie via the data proxies in real-time, and your bet is settled within minutes of the game ending.

So that’s Data Proxies in a nutshell. We look forward to showing (rather than just telling) how this works in practice when Bookie moves into public beta later this Spring. Is building a decentralized betting exchange easier than building a centralized one? No, not by any stretch of the imagination. But we are convinced that robust decentralization has substantial long-term benefits for sports bettors the world over.

Hey semsyor,

You beat us to the post

Thanks for sharing and saving us the step!

[bookieapps]

Hi everyone,

The first installment of Betting with Bookie, our ongoing educational article series designed to demystify the betting experience, has been posted on Steemit.

Each article will tackle sports betting terminology and concepts in a simple way, in an effort to make you a better bettor.

Read it here: https://steemit.com/peerplays/@bookieapp/betting-with-bookie-sportsbook-vs-betting-exchange

[bookieapps]

Hi everyone,

Bookie is a betting exchange (as opposed to a sportsbook). This means it works slightly differently than what people are "used to" when it comes to betting.

We've posted the second installment of the Betting with Bookie series on Steemit. This article tries to conceptualize one of the main differences between an exchange and a sportsbook - backing and laying a bet.

The full article can be found here: https://steemit.com/peerplays/@bookieapp/betting-with-bookie-back-vs-lay

[bookieapps]

Hello,
 
We hope you enjoyed that last article in the Betting with Bookie series! The latest installment explains the different kinds of betting markets. Understanding how each market works is “a key element to making informed and (hopefully) profitable betting decisions.”

Read the whole article here here.

[bookieapps]

Hi everyone,
 
We are really excited to announce that we’ll be hosting a Bookie AMA on reddit. Our Head of Operations at PBSA, Toby Lynas, will be online to answer any questions you may have on the Bookie app, development, sports betting and anything else related to Bookie that you may want to ask.
 
When: Tuesday, March 27, 10 a.m. AST - 12 p.m. AST
Where: Reddit. Click here to go to the AMA thread.
 
If you can’t make it for the live AMA we encourage you to leave questions in advance; you can come back for the answers at a later time.
 
A few items to keep in mind:
 
This is a Bookie AMA, so please keep the questions related to the Bookie app, development, sports betting, and similar.
We’ll do our best to answer everyone’s questions within the allotted time frame. Your patience is appreciated.
We understand some of you may have questions about Peerplays or PPY tokens, but we want to keep the focus on Bookie. Thanks for your understanding!
 
Toby is looking forward to answering your questions!

[WixlarCoin]

ok

[bookieapps]

Hi WixlarCoin,

To be clear, Bookie is a sports betting exchange, not a coin/token exchange. That said, Bitcoin is the first digital currency that Bookie is being designed to support for sports betting purposes.

If you have more questions, please join us on Reddit for our Ask Me Anything (AMA) session on Tuesday, March 27, 10 a.m. AST - 12 p.m. AST.
 
Thanks!

kindly explain how are you listing new coins/tokens and the guidance of how to do it.
we think you are making an amazing exchange through betting but needs more clarification to be understood

[bookieapps]

Hello!

The latest installment of Bookie's behind-the-scenes series on the tech being used to build Bookie - "Introduction to the Tech Behind Bookie." This one talks about the Bookie Oracle System, aka BOS.

https://steemit.com/sports/@bookieapp/introduction-to-the-tech-behind-bookie-bos

[bookieapps]

Kick off for Bookie Public Beta ahead of World Cup: https://www.peerplays.com/kick-off-bookie-public-beta-ahead-world-cup/

[bookieapps]

New article in the "Betting with Bookie" educational series is live!

Introduction to Odds helps you navigate some of the odds formats you may encounter online.

You can read the whole article on Steemit.

[semsyor]

Betting with Bookie: Introduction to Odds

Betting with Bookie is an ongoing educational series designed to demystify the betting experience. Each article will tackle sports betting terminology and concepts in a simple way, in an effort to make you a better bettor.
If you’ve ever visited an online sportsbook or betting exchange then you know they often list multiple odds formats. In some cases the default format is simply the name of the country in which it originated or is most popular - American, Hong Kong, Malaysian, and Indonesian odds - which all work in different ways.

Other times the format is more straightforward, like Decimal and Fractional odds. No one format is more right or more wrong than the others; it’s often just a matter of preference.

Regardless of format, one thing is always true: the less likely an outcome, the bigger the reward. Because of this, understanding how to read various odds formats, and knowing how to convert between them, is an important element to successful betting.

This article will give you a better understanding of the three most common formats.
https://steemit.com/bookieapp/@bookieapp/betting-with-bookie-introduction-to-odds

[bookieapps]

Betting with Bookie: Introduction to Odds

Betting with Bookie is an ongoing educational series designed to demystify the betting experience. Each article will tackle sports betting terminology and concepts in a simple way, in an effort to make you a better bettor.
If you’ve ever visited an online sportsbook or betting exchange then you know they often list multiple odds formats. In some cases the default format is simply the name of the country in which it originated or is most popular - American, Hong Kong, Malaysian, and Indonesian odds - which all work in different ways.

Other times the format is more straightforward, like Decimal and Fractional odds. No one format is more right or more wrong than the others; it’s often just a matter of preference.

Regardless of format, one thing is always true: the less likely an outcome, the bigger the reward. Because of this, understanding how to read various odds formats, and knowing how to convert between them, is an important element to successful betting.

This article will give you a better understanding of the three most common formats.
https://steemit.com/bookieapp/@bookieapp/betting-with-bookie-introduction-to-odds

Hi Semsyor,

Thanks for sharing this excerpt! Much appreciated. Happy to see you've been following our Steemit articles series. Would love to hear more of your thoughts.

Do you plan to take part in Bookie Public Beta, which is launching in time for this year's World Cup?

[ktulhu]

The project looks frankly interesting, in any case, I have not seen anything like this, so I will watch the development with great interest.

[bookieapps]

The project looks frankly interesting, in any case, I have not seen anything like this, so I will watch the development with great interest.

Hi ktulhu,
 
Thanks for the encouragement, and glad to hear you're so interested. Be sure to follow our other channels as well, specifically Twitter and our newsletter, to be sure you don't miss any updates.

Just curious - are you more interested in the sportsbetting aspect of Bookie or the fact that it's on a blockchain? Or both?

[bookieapps]

Hi folks,

PBSA's Toby Lynas took the side of Bitcoin in this month's EGR Big Debate - Will the future of blockchain gambling be bespoke virtual currencies? Read both sides on the argument here.

[bookieapps]

The May Bookie Newsletter is live! This month includes talk about a new name, BOS being released to the Witnesses, and much more!

Check it out here: https://mailchi.mp/7abec0e29d03/bookie-update-may

[bookiepro]

Hi everyone,

New BookiePro Bitcointalk account here! If you start seeing @BookiePro, it's us!

Additionally, we are having issues with the old @bookieapps account, so if you get any curious messages from that account, please let us (@BookiePro) know about it.

Thanks!

p.s.: Don't forget - BookiePro is launching SOON!

- PBSA + BookiePro Team

[bookiepro]

BookiePro to launch world’s first provably fair affiliate program

https://steemit.com/bookieapp/@bookieapp/bookiepro-to-launch-world-s-first-provably-fair-affiliate-program