Exbet is LIVE >> The Bitcoin Betting Exchange [exbet.io]

[deadley]

Do you have an ETA on when you will launch ?

We are in final stages of license process - we'll launch as soon as that process is complete.

But we don't have a date that we can publicly release yet, we're just respecting the license process which has been very thorough and professionally managed by the licensing authority so far.

Don't worry, we will be letting the world know as soon as we have a launch update 

I hope this will be not like Degens, who fooling bettor by exchange name, they are just sportsbook and giving laying option with big vig.

Will it be P2P with marketmaker without any vig? How much will be commission on winning?

Cricket is 1 of the best sports for exchange, why not launch cricket too in beginning?

[exbet.io]

Do you have an ETA on when you will launch ?

We are in final stages of license process - we'll launch as soon as that process is complete.

But we don't have a date that we can publicly release yet, we're just respecting the license process which has been very thorough and professionally managed by the licensing authority so far.

Don't worry, we will be letting the world know as soon as we have a launch update 

I hope this will be not like Degens, who fooling bettor by exchange name, they are just sportsbook and giving laying option with big vig.

Will it be P2P with marketmaker without any vig? How much will be commission on winning?

Cricket is 1 of the best sports for exchange, why not launch cricket too in beginning?

Hi deadley. Thanks for your interest.

Exbet is a betting exchange. Just to confirm: We are not running a sportsbook. We are a platform for P2P betting.

At launch there will be liquidity provided by a number of market makers. It is up to the market makers what prices they put up, and how much vig they want to bake into their prices. Building liquidity on any exchange takes time, but we expect to see competitive prices from day one that will attract bettors, new market makers, and eventually traders. And then better prices, less vig .. and more bettors, traders.. and so on.

Anyone interested in market making on Exbet should DM us - we would be very happy to discuss how we can support your efforts to bring liquidity to Exbet. Maybe you're interested, deadley?

Commission on net winnings in a market will be 1%.

Cricket is a great call - it has seen a huge growth in volumes on exchanges in recent years. The cricket calendar is getting back to normal more slowly than soccer, which is one reason that we may not support it at launch. But please be sure that it is at the top of the list for new sports on Exbet.

[Degens]

Do you have an ETA on when you will launch ?

We are in final stages of license process - we'll launch as soon as that process is complete.

But we don't have a date that we can publicly release yet, we're just respecting the license process which has been very thorough and professionally managed by the licensing authority so far.

Don't worry, we will be letting the world know as soon as we have a launch update 

I hope this will be not like Degens, who fooling bettor by exchange name, they are just sportsbook and giving laying option with big vig.

Will it be P2P with marketmaker without any vig? How much will be commission on winning?

Cricket is 1 of the best sports for exchange, why not launch cricket too in beginning?

How is Degens fooling bettors? If you go to Settings, you can change from sportsbook mode to betting exchange mode.

It is P2P and you can lay your own odds. There is no vig if someone takes your bet, which means you are a market maker.

You don't ever bet against Degens which can be proven here - https://degens.com/my/activity

Commission is 0.5% on winnings wagers.

[Haunebu]

Commission on net winnings in a market will be 1%.

Cricket is a great call - it has seen a huge growth in volumes on exchanges in recent years. The cricket calendar is getting back to normal more slowly than soccer, which is one reason that we may not support it at launch. But please be sure that it is at the top of the list for new sports on Exbet.

How much longer will you guys take to launch the exchange? So many people including me have already lost interest in your exchange due to the constant delays and there is no specific date to look forward to even now.

Also, Cricket should be one of the top priorities when you end up launching since it's one of my favorite sports to bet on and there will many matches to bet on after a couple of months.

[exbet.io]

Commission on net winnings in a market will be 1%.

Cricket is a great call - it has seen a huge growth in volumes on exchanges in recent years. The cricket calendar is getting back to normal more slowly than soccer, which is one reason that we may not support it at launch. But please be sure that it is at the top of the list for new sports on Exbet.

How much longer will you guys take to launch the exchange? So many people including me have already lost interest in your exchange due to the constant delays and there is no specific date to look forward to even now.

Also, Cricket should be one of the top priorities when you end up launching since it's one of my favorite sports to bet on and there will many matches to bet on after a couple of months.

Hi Haunebu. You were one of the first people to post on this thread back in September last year, and we appreciate that you are still here, asking the hard questions 

We share your frustration that Exbet is not already launched. The Exbet product is ready, but the licensing process has taken longer than we originally anticipated. Covid-19 has also interrupted the project in different ways, not least the decimation of the sporting calendar this spring/summer.

As we wrote above, Cricket is one of the top priorities after launch. We are hoping to see the Cricket calendar pick up again during the next 2-3 months.

[Haunebu]

We share your frustration that Exbet is not already launched. The Exbet product is ready, but the licensing process has taken longer than we originally anticipated. Covid-19 has also interrupted the project in different ways, not least the decimation of the sporting calendar this spring/summer.

I can understand the delays because of COVID-19, but O advise being a bit more active in the forum and providing more regular updates even if a specific date hasn't been finalized yet.

I can understand the need to polish the product and launch it in the best state possible in order to keep the issues to a minimal when it finally does launch later on.

Apart from Fairlay, I haven't found any crypto specific exchanges worth betting on which is why I am awaiting the launch of your exchange. All the best and keep improving Exbet team.

[exbet.io]

We share your frustration that Exbet is not already launched. The Exbet product is ready, but the licensing process has taken longer than we originally anticipated. Covid-19 has also interrupted the project in different ways, not least the decimation of the sporting calendar this spring/summer.

I can understand the delays because of COVID-19, but O advise being a bit more active in the forum and providing more regular updates even if a specific date hasn't been finalized yet.

I can understand the need to polish the product and launch it in the best state possible in order to keep the issues to a minimal when it finally does launch later on.

Apart from Fairlay, I haven't found any crypto specific exchanges worth betting on which is why I am awaiting the launch of your exchange. All the best and keep improving Exbet team.

Thanks for the understanding and advice Haunebu, we will try to take that on board.

We hope to meet your expectations when Exbet does finally launch!

[deadley]

Do you have an ETA on when you will launch ?

We are in final stages of license process - we'll launch as soon as that process is complete.

But we don't have a date that we can publicly release yet, we're just respecting the license process which has been very thorough and professionally managed by the licensing authority so far.

Don't worry, we will be letting the world know as soon as we have a launch update 

I hope this will be not like Degens, who fooling bettor by exchange name, they are just sportsbook and giving laying option with big vig.

Will it be P2P with marketmaker without any vig? How much will be commission on winning?

Cricket is 1 of the best sports for exchange, why not launch cricket too in beginning?

How is Degens fooling bettors? If you go to Settings, you can change from sportsbook mode to betting exchange mode.

It is P2P and you can lay your own odds. There is no vig if someone takes your bet, which means you are a market maker.

You don't ever bet against Degens which can be proven here - https://degens.com/my/activity

Commission is 0.5% on winnings wagers.

Please show me only 1 mkt where liquidity in mkt intact means no vig.

Opening exchange mode is not hard, main part is liquidity and market maker, without that exchange play more worst than sportsbook, if you can back or lay than later cant square off your bet in mkt.

[Degens]

Do you have an ETA on when you will launch ?

We are in final stages of license process - we'll launch as soon as that process is complete.

But we don't have a date that we can publicly release yet, we're just respecting the license process which has been very thorough and professionally managed by the licensing authority so far.

Don't worry, we will be letting the world know as soon as we have a launch update 

I hope this will be not like Degens, who fooling bettor by exchange name, they are just sportsbook and giving laying option with big vig.

Will it be P2P with marketmaker without any vig? How much will be commission on winning?

Cricket is 1 of the best sports for exchange, why not launch cricket too in beginning?

How is Degens fooling bettors? If you go to Settings, you can change from sportsbook mode to betting exchange mode.

It is P2P and you can lay your own odds. There is no vig if someone takes your bet, which means you are a market maker.

You don't ever bet against Degens which can be proven here - https://degens.com/my/activity

Commission is 0.5% on winnings wagers.

Please show me only 1 mkt where liquidity in mkt intact means no vig.

Opening exchange mode is not hard, main part is liquidity and market maker, without that exchange play more worst than sportsbook, if you can back or lay than later cant square off your bet in mkt.

Wolverhampton vs Arsenal - https://degens.com/?ev=0x39499739395049f2ad64b1105b7b485ac260b8c312ca279798aebf713dc8aee7

The overround is below 101%. If you enter your own order at true odds, you will very likely get filled. That means there is no vig as you are getting true odds.

But do note, there is a 0.5% commission charged on the settlement of your bet paid to the exchange.

If you back or lay, you can trade in the market and sell your position at any time you'd like. You can realize profits as the odds shift and lock in profit.

[arco-yabamba]

Also, Cricket should be one of the top priorities when you end up launching since it's one of my favorite sports to bet on and there will many matches to bet on after a couple of months.

yeh couldn't agree more there cricket has to be next up after soccer, massive trading sport, huuge interest from india pakistan etc it is more religion than sport lol
you must consider to get cricket in ahead of nba nfl exbet

[exbet.io]

Also, Cricket should be one of the top priorities when you end up launching since it's one of my favorite sports to bet on and there will many matches to bet on after a couple of months.

yeh couldn't agree more there cricket has to be next up after soccer, massive trading sport, huuge interest from india pakistan etc it is more religion than sport lol
you must consider to get cricket in ahead of nba nfl exbet

Yes yes yes, we agree 

Hope that the cricket calendar comes back strong asap - not only will this mean that we get to enjoy this wonderful sport again, it also would mean that Covid-19 is decreasing in large parts of the world. Sadly, this doesn't seem to be happening yet 

Regarding cricket in India, interesting recent comments from the legend Rahul Dravid here:
https://www.espncricinfo.com/story/_/id/29338379/think-a-position-resume-cricket-india-rahul-dravid

As Dravid comments: "I don't think we are in a position to resume…. It is better to be patient and wait,"

There are three England v West Indies test matches coming up now in July - will be very interesting to see how they go.

[arco-yabamba]

Also, Cricket should be one of the top priorities when you end up launching since it's one of my favorite sports to bet on and there will many matches to bet on after a couple of months.

yeh couldn't agree more there cricket has to be next up after soccer, massive trading sport, huuge interest from india pakistan etc it is more religion than sport lol
you must consider to get cricket in ahead of nba nfl exbet

Yes yes yes, we agree 

Hope that the cricket calendar comes back strong asap - not only will this mean that we get to enjoy this wonderful sport again, it also would mean that Covid-19 is decreasing in large parts of the world. Sadly, this doesn't seem to be happening yet 

Regarding cricket in India, interesting recent comments from the legend Rahul Dravid here:
https://www.espncricinfo.com/story/_/id/29338379/think-a-position-resume-cricket-india-rahul-dravid

As Dravid comments: "I don't think we are in a position to resume…. It is better to be patient and wait,"

There are three England v West Indies test matches coming up now in July - will be very interesting to see how they go.

fair comment from dravid not the usual exsportsman nonsenselol what about putting up markets for those eng west indies tests exbet? worth it just to test the system I shd think even if not launched by then

[DarkStar_]

When you do end up launching, is the plan to require KYC or to allow players to bet without KYC?

[exbet.io]

When you do end up launching, is the plan to require KYC or to allow players to bet without KYC?

Hi DarkStar_
Good to see you on this thread again!

KYC authorization will be required for Exbet users to raise their daily withdrawal limit above the level allowed for non-authorized users.

We'll be able to clarify with more details once the licensing process is complete.

[exbet.io]

There are three England v West Indies test matches coming up now in July - will be very interesting to see how they go.

fair comment from dravid not the usual exsportsman nonsenselol what about putting up markets for those eng west indies tests exbet? worth it just to test the system I shd think even if not launched by then

Sorry, missed this. We're focused on some other issues just now, but will probably put up some markets for the 2nd test, just to play around with. These will be manually managed.

But looking forward to 1st test starting today, will have that on in the background all day. Rooting a little for West Indies - the global game is a stronger, better one when the West Indies have a top team.

[exbet.io]

But looking forward to 1st test starting today, will have that on in the background all day. Rooting a little for West Indies - the global game is a stronger, better one when the West Indies have a top team.

Start delayed due to rain.... 

We should have guessed it.

Cricket + English summer = rain delays

[arco-yabamba]

hearing this past day or so that exbet api response time is slow. are you working on it over weekend as we are looking to trade some weekend soccer cheers

[exbet.io]

hearing this past day or so that exbet api response time is slow. are you working on it over weekend as we are looking to trade some weekend soccer cheers

We have a dev working on it this weekend. They have been in contact with your team and are getting to the root of this particular issue. Thanks for flagging here also 

Just to be clear to others checking in on this thread - the Exbet API beta is officially over but we kept access open to a few people who wanted to continue building on the API before launch, one of those is arco-yabamba. We're just hoping he doesn't think he will be winning any real Bitcoin trading today's football 
It will be a little longer before that's on the cards.

[VanityWallets2015]

You can advertising in this thread, but when will it be operational? I think we all want to try it.
Would be awesome if it would be something like Betfair.

[Degens]

You can advertising in this thread, but when will it be operational? I think we all want to try it.
Would be awesome if it would be something like Betfair.

Degens.com is identical to betfair. Go into settings and select exchange mode.

Requires no KYC and fees are 0.5%. It's non custodial as it uses smart contracts.

It doesn't accept bitcoin though. Only the DAI stablecoin.