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

[bookieapps]

 

https://www.peerplays.com/wp-content/uploads/2018/02/Bookie-HorzLogo-Black-RGB-400px-e1517881378236.png

Hello BitcoinTalk, Welcome to Bookie!
 
Bookie is the world’s first decentralized betting exchange.

What’s a betting exchange?
When you bet with a sportsbook, your wager is matched by the “house” (the sportsbook operator). If you win this bet, this sportsbook operator pays you directly. But with Bookie there is no house. Instead, Bookie matches your bet with other users who want to bet against you. Betting exchanges provide the user with huge flexibility - you can bet FOR Team A to win (“back Team A”) or AGAINST Team A winning (“lay Team A”).

What’s decentralized about Bookie?
Instead of running on a private, centralized server, the Bookie app plugs into the Peerplays blockchain - a custom-built gambling blockchain that scales to 10,000+ transactions per second. Backed by Peerplays, there is no central operator to run off with your funds, refuse or delay payouts, or cheat you out of money. Just as Bitcoin and its kind have decentralized currency, Bookie decentralizes sports betting.

Why should I use Bookie?

• Truly Global, 100% Secure – Anyone can place a bet, from any country in the world, with 100% secure deposits, withdrawals, and bet placement.
• Provably Fair – Traditional sportsbooks and betting exchanges run on private, centralized servers, using proprietary software. Bookie runs on 100% open-source software.
• 100% Real-time Transparency - All Bookie bets are published on the Peerplays blockchain in real-time. No secrets allowed… it’s built into the tech!
• Same Fees for All – Bookie will charge an industry-low commission on winnings to all users. Whether you bet big or small, once a day or once a year, Bookie treats everyone the same.
• Private, Anonymous Control of Funds – Bookie offers users the best of cryptocurrency: no KYC (Know Your Customer), multiple wallets/accounts, maintain anonymity while you bet.

Bookie is fully transparent, provably fair, and offers users the speed, capacity, and functionality required to become the first truly global sports betting exchange.

Launch schedule for Bookie
Bookie will be released as a downloadable app (or DApp - Decentralized Application) in Spring 2018. Here are some key milestones leading up to launch:

• Your Opinion Matters - We want your opinion on which Sports and Competitions (Leagues) to launch with! A thread was already created here and the conversation has started. Let us know what you think.
• Beta Testing - The first round of beta testing is slated to start in the coming weeks. Testers have already been approved, but if this is something that interests you, keep an eye out for future calls for more testers.
• New Website - You can find the Bookie website in its original state at bookie.exchange, but it’s being redesigned at this very moment. Stay tuned for a relaunch in the coming weeks - we’ll have more news, more info, more Bookie.

Where you can find us:
   Twitter
   Newsletter
   Website
 
There’s so much we’d like to share with you about what Bookie is and how it will work but we wanted to keep this short… Look forward to questions and feedback! Thank you!


--

The Peerplays Blockchain Standards Association
www.pbsa.info
www.peerplays.com

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UPDATES:
January 19, 2018 - Bookie Newsletter
February 1-13, 2018 - PBSA oversees Bookie Beta Phase 1
February 23, 2018 - Bookie Newsletter
February 25, 2018 - PBSA releases Bookie Beta Phase 1: Recap, posted to Steemit

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[Lionidas]

It is only limited as an app?
And who is the team exactly who are behind this PPY betting exchange?
It is a new venture in the market so just wish you had done an ICO for it or something like this when I first hear about this.
It is a different take on your normal sportsbetting site/app from a peer to peer interface.

[bookieapps]

It is only limited as an app?
And who is the team exactly who are behind this PPY betting exchange?
It is a new venture in the market so just wish you had done an ICO for it or something like this when I first hear about this.
It is a different take on your normal sportsbetting site/app from a peer to peer interface.

Hi Lionidas,
Yes, it's a desktop app, and will be available for Window and Mac.
We are the [Peerplays Blockchain Standards Association](http://www.pbsa.info), the non-profit advocate of the Peerplays blockchain. The Bookie sports betting exchange is to be an open-source desktop DApp (Decentralized Application) built on the the Peerplays blockchain. Launch is scheduled for this Spring, and beta testing will commence in a few weeks.
Thanks!

[bookieapps]

“Blockchains and betting exchanges make a very natural pairing as it is possible to use a blockchain to securely process the huge volumes of transactions an exchange requires.”

Read the full article, originally posted on EGR, here: https://www.peerplays.com/reinventing-betting-exchange/

http://egr.global/wp-content/themes/egr/images/logo.png

[bookieapps]

"While exchanges have never been for the casual punter, a blockchain-based exchange has the potential to reach younger, tech- and value-savvy customers who are turned off by the traditional sportsbook offering."

Read the whole article, originally posted in iGaming Business: Issue #108, here: https://www.peerplays.com/4042-2/

[Patatas]

But with Bookie there is no house. Instead, Bookie matches your bet with other users who want to bet against you. Betting exchanges provide the user with huge flexibility - you can bet FOR Team A to win (“back Team A”) or AGAINST Team A winning (“lay Team A”).

How many bookies are even reliable out there ? I don't understand the system and it is not clearly expressed how 'decentralised' the system could be when you're giving the control our certain set of people.IMHO house does a better job at this.Why would an average better like me care who holds my money as long as I'm getting good odds and a trusted environment.

[iluvbitcoins]

But with Bookie there is no house. Instead, Bookie matches your bet with other users who want to bet against you. Betting exchanges provide the user with huge flexibility - you can bet FOR Team A to win (“back Team A”) or AGAINST Team A winning (“lay Team A”).

How many bookies are even reliable out there ? I don't understand the system and it is not clearly expressed how 'decentralised' the system could be when you're giving the control our certain set of people.IMHO house does a better job at this.Why would an average better like me care who holds my money as long as I'm getting good odds and a trusted environment.

Because the environment is only trusted until it isn't.
Decentralised system are always good,  whether it's to avoid BBJ Jackpot not being paid out, Mt.Gox, or govermentaly enforced inflation (theft).

Who the hell are you giving control to if it's on the chain o.o

[Hatcher]

The development of decentralized betting exchanges/prediction markets is very exciting to me. Is this sort of like Betfair, where we trade amongst ourselves, and you take a commission from the winners? What are the fees going to look like?

[MineThatCoin]

Is that peer-to-peer betting?

[leea-1334]

Sounds like p2p all right, where there is no house, and players are betting against each other. I agree this is the best model and betfair is the one that successfully introduce it for many years with few issues. I would say this is safer in the sense there is no casino to trust, and if everything only relies on the coding. Of course, the exchange takes their commission/fee, in which case I am going to ask one question here: how much is the fee or commission you take?

If I was going to switch, there is only one reason: better odds,,, it is the only reason I change bookies and casinos. Better odds or lower edges.

[bookieapps]

The pressure has been on at Bookie!

Beta testing, London Affiliate Conference and more!

Read about it in our latest newsletter: https://mailchi.mp/09f6d9597de1/bookie-update-february-23-2018

[bookieapps]

Hi MineThatCoin!

Bookie is a betting exchange with no "house." So yes, bettors are betting against each other, as @leea-1334 pointed out (thanks!).

Sounds like p2p all right, where there is no house, and players are betting against each other. I agree this is the best model and betfair is the one that successfully introduce it for many years with few issues. I would say this is safer in the sense there is no casino to trust, and if everything only relies on the coding. Of course, the exchange takes their commission/fee, in which case I am going to ask one question here: how much is the fee or commission you take?

If I was going to switch, there is only one reason: better odds,,, it is the only reason I change bookies and casinos. Better odds or lower edges.

[bookieapps]

Hi leea-1334, thanks for your msg (and for helping out with an answer!).

You're correct in your assessment of Bookie - no house, bettors bet against each other, etc. We (PBSA) are still finalizing details of Bookie, including commission. We will, however, post that information here (and on Twitter, Steemit, and so on) as soon this has been determined.

As for the odds - on a betting exchange, that's for the users to decide. There's been a lot of market makers expressing interest in Bookie and we expect to see some very competitive prices and percentages. Time will tell! For some more info, please take a look at the Bookie Newsletter that went out today.

Thanks for your interest in Bookie!

Sounds like p2p all right, where there is no house, and players are betting against each other. I agree this is the best model and betfair is the one that successfully introduce it for many years with few issues. I would say this is safer in the sense there is no casino to trust, and if everything only relies on the coding. Of course, the exchange takes their commission/fee, in which case I am going to ask one question here: how much is the fee or commission you take?

If I was going to switch, there is only one reason: better odds,,, it is the only reason I change bookies and casinos. Better odds or lower edges.

[Patatas]

Just wanted to  make something clear (excuse me if it comes off as off-topic)
Is there a way you could support bet matching ? For instance ,I run my own gambling site i.e. I'm  a bookie and I want to match bets so I look for a middle man who places bets for me on another gambling website like betfair.Do you support this model ?
This is how traditionally the system works,does decentralised modal change any of this ?

[bookieapps]

Hi Patatas,

Bookie won't provide what you seem to be describing. Bookie is 'another gambling website like betfair' (except it's an app, not a website).

Thanks for your message and your interest in Bookie!

[Makleyhill]

Bookie Beta Phase 1: Recap

From February 1st to 13th, 2018, the Peerplays Blockchain Standards Association (PBSA) oversaw Beta Phase 1 for Bookie, the sports betting exchange built on the Peerplays blockchain. Contributions came from a diverse group of individuals - professional bettors, software developers, affiliate marketers, cryptocurrency & blockchain enthusiasts, and third-party partners of PBSA.

And what a great group! As expected - even exceeding expectations - the beta testers provided solid and detailed feedback.

“We're really impressed with the quality of the feedback during the beta testing. User testing is such an important element of product development and one which we will be returning to in the coming months as the Bookie app progresses,” said Allyson White, QA Lead at PBSA.

Participants in Bookie Beta Phase 1 were provided with the following guideline document:
https://peerplays.atlassian.net/wiki/spaces/PD/pages/35520732/Extended+Beta+Testing+Information

When testing began, each beta tester was given 1 Bitcoin to bet with and had their choice of American Football (the Super Bowl!), Soccer (EPL), and Basketball (NBA), depending on the day. Over the course of two weeks, testers were encouraged to place as many bets as possible and to experience as much of the app as they could.

Feedback emails started in almost immediately, and right away we knew Beta Phase 1 was going to be a success in terms of information gathered.

Some key issues raised by beta testers from the feedback:

Settled bets did not immediately show up in My Bets (To specifically monitor event settling, Quality Assurance manually triggered the event resolution mechanism. Resolution delays and the symptoms will not be an issue in the future.)
Some markets remained open long after the game had settled (This is a symptom of the issue above)
Small rounding errors with particular combinations of odds and stake
Installation Issues (We are currently in the process of obtaining Windows and Mac Certification)
Transaction fees not showing in betslip
Data presentation improvement in betslip
Stronger error messaging (We are assessing all of our error messaging to make it as detailed as possible)
Update Rules section (Currently we have placeholder information but our team is finalizing this element)
In some instances, the search function within app produced events that already passed
The color scheme of Bookie could use an upgrade (Duly noted!)

We also collected a ton of fantastic feature requests to build out our post MVP roadmap
All in all, this was a successful closed beta, with lots of actionable feedback. We’re still on track to have Bookie ready later this Spring, and can’t wait to share the final product with the world! https://steemit.com/bookieapp/@bookieapp/beta-feedback-recap

[XarXymtroa]

Interesting concept but you will need to be more present in the forum before people start trusting you.
Good luck with this project!

[Tipstar]

Dapps are indeed the future of betting and we'll be seeing lot of competition in this sector.
So you have created your own blockchain and your own token to host your dapp(s) and your token would be the only currency to bet with?

[bookieapps]

Hi Tipstar!

Yes, Bookie runs on the Peerplays blockhain. But Bookie will not have its own token to bet with. Instead Bookie will allow users to deposit, bet and withdraw with BTC only. After launch, the plan is for Bookie to build out support for other digital currencies, but at launch it's a simple BTC play.

Dapps are indeed the future of betting and we'll be seeing lot of competition in this sector.
So you have created your own blockchain and your own token to host your dapp(s) and your token would be the only currency to bet with?

[bookieapps]

The planned Bookie affiliate program is unlike anything else before it.

Interested?

Read more here: https://steemit.com/affiliate/@bookieapp/bookie-affiliate-program-coming-soon