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Author Topic: Exbet is LIVE >> The Bitcoin Betting Exchange [exbet.io]  (Read 12484 times)
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November 22, 2020, 07:18:17 PM
 #641

Given the passive approach of increasing the user base and that the current focus is forging the right partnerships, I get the impression that this project is still in making and perhaps launched per-maturely?

Perhaps, a shift on focus from large institutional partnerships to user acquisition might help with the main goal of this project which you clearly described. I'm suggesting this as simply having an interested community might be on your side when presenting your project to particular VC and it might make your case stronger?

In that way, it doesn't strike me as too carefree not to invest a little in marketing strategies some of which have been mentioned on here already.

In any case, with the info available these are my thoughts but maybe there are other factors at play affecting these decisions that I'm not aware of.

Hey DarkDays

Thanks for taking the time to articulate your thoughts!

There is a classic chicken-and-egg challenge to any new exchange - liquidity is required to attract users, but users are required to attract liquidity. Bootstrapping liquidity often requires switching focus between two components (1. liquidity and 2. users) at different times. Right now, our focus is more towards liquidity, but not exclusively - users are important!

We are seeing sign-ups increase week on week, and increasing volumes of bets on the exchange. Users like the 102% books on Exbet for Premier League and NFL main lines! So the work we have been doing for 12+ months on building profile and community around the project is paying off with encouraging organic growth.

But launching now has allowed us to get feedback from early Exbet users and the community - and in-play betting is something they want. Paid advertising and signature campaigns will bring in a lot of users... but they might not stay on Exbet unless we have a strong in-play offering. That's why the focus stays on in-play liquidity for now, but we are not ignoring user growth. Believe us  Wink

Thanks again for comments  Smiley

Regards
The Exbet Team

Exbet is LIVE | The Bitcoin Betting Exchange | Back, Lay, and Trade Sports | 1% Commission | NFL, NBA, Soccer & Cricket
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November 22, 2020, 07:24:41 PM
 #642

The best way to shift focus in this case is to advertise Exbet throughout this forum in various ways like signature campaigns, bounty campaigns, contests etc.

(...) They need to put in the effort like other crypto gambling sites in order to reap the rewards.

Doesn't work imo Smiley

You can judge by quite some statements in the past that lots of users have no idea what Exbet is and how it works. And this is kind of expected, since a) you don't have a lot users in here, that do place bets, although they are often writing in gambling section (we know the reason for this) and b) the minority who actually does, are actually low-rollers (no offense) and just like to have some fun with an easy UI - placing bets in a traditional way/bookmaker and c) Casino-gambling is still bigger here and in general, so it's way easier for sites like SB/FJ/Betnomi etc. to get things rolling via the tools you mentioned.

I think the people who should know about Exbet in this forum already do know and you won't (are not able to) attract many more through promotions in here to make it worth what this all costs. This being said, I have no better idea as well than just to wait for organic growth, which will come from outside this forum then imo. And hopefully it will bring inplay liquidity Wink


Hey tyKiwanuka  Cool

We think there's still some important set(s) of users here on btctalk that hasn't heard of Exbet that should have (i.e. they like sports, understand exchanges and could bring not-insignificant liquidity). But we are, let's say, sympathetic to the idea that the traditional ways of advertising on btctalk are not as effective as they might have been in the past.

We believe there are alternatives to pure organic growth. 2021 will be interesting.

Exbet is LIVE | The Bitcoin Betting Exchange | Back, Lay, and Trade Sports | 1% Commission | NFL, NBA, Soccer & Cricket
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November 22, 2020, 08:15:15 PM
Merited by DarkStar_ (5)
 #643

Just deposited some BTC to test the platform. The first impression is it has a lot of errors and doesn't work like exchange.
Major cons:
1. Short number of digits after decimal point (please look at matchook and implement it like it should be) don't repeat betfair mistakes.
2. When I make an offer the opposit odds doesn't change (if it's the same "two way" market) the odds should change correspondingly like on the most exchanges.
3. No detail market stats.
4. No information about positions of my orders if i have the same odds.
5. Need to refresh whole page to see odds changes

and much more......
You need to put some work to make it a good sports betting exchange. In current state it's unusable for me. Please fix these bugs.

Hi again MyRealName

Thanks for signing up and giving feedback! We'll take your points one by one.

Quote
1. Short number of digits after decimal point (please look at matchook and implement it like it should be) don't repeat betfair mistakes.

Correct, we chose the same odds scheme (two decimal places) as Betfair and some major BTC sportsbooks like sportsbet.io. Pinnacle, Matchbook and Asian books run with three decimal places. We hadn't planned to change this any time soon, but would be interesting to hear from you and others about the pros and cons on this issue.

Quote
2. When I make an offer the opposit odds doesn't change (if it's the same "two way" market) the odds should change correspondingly like on the most exchanges.

Not sure we understood - maybe you are referring to cross-matching that is implemented on e.g. Betfair? This is (roughly, and in its basic form) where a back bet on one outcome is also offered as a lay bet on the other outcome (s), and vice versa. There is a really nice in-depth article that also goes into the history of it from BetAngel founder Peter Webb here: https://www.betfairtradingblog.com/betfair-cross-matching/

MyRealName, if this is what you are referring to - yes, we made a business/product decision not to implement cross-matching from Day 1 on Exbet. There are pros and cons to cross-matching for the user and the exchange, but we don't think this is a core part of the exchange feature-set.

Sorry if we misunderstood your point.

Quote
3. No detail market stats.

Correct, we don't have this yet in the Exbet UI (The Exbet API however, does offer state of current orderbook).
This is an important feature, it's good you mentioned it.
We are working on a first version which we would like to have released next month.

Quote
4. No information about positions of my orders if i have the same odds.

Assume you mean where the user's order is in the FIFO queue for a certain odds increment? You are correct - we don't have that on Exbet, although it is data that theoretically we could expose to users. Which exchanges offer this?

Quote
5. Need to refresh whole page to see odds changes

Hmm. This sounds like the one real bug on your list. We have had one other user last week report this issue - where the orderbook does not dynamically update in the UI. Our developers are currently checking this out, and we suspect that a recent upgrade could have caused an issue for some users. It helps us to have this confirmation of the bug, thanks.

Exbet is LIVE | The Bitcoin Betting Exchange | Back, Lay, and Trade Sports | 1% Commission | NFL, NBA, Soccer & Cricket
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November 22, 2020, 10:56:28 PM
 #644

ive seen bibles shorter than that post exbet lol.
tbf not sure about all mrrealnamwes points but you boys wd do well to listen on all opinionsn. personally i am happy with bf odds but theres millions of folk using 3 decimals so take your pick.

something i am interested to know is if people on here are likely to bet more or less when btc is on bull run like now??? i have heard different from different people  interedtedvtobhear
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November 23, 2020, 07:21:45 AM
 #645



Quote
Correct, we chose the same odds scheme (two decimal places) as Betfair and some major BTC sportsbooks like sportsbet.io. Pinnacle, Matchbook and Asian books run with three decimal places. We hadn't planned to change this any time soon, but would be interesting to hear from you and others about the pros and cons on this issue.

Thanks for detail answers.
Looks like you are aware of most of this cases. It gives a hope that exbet will have a success in the future.

 Yes 3 digits after decimal point gives more competitive odds for heavy favorites. You can offer something like 1.236 against 1.235 and have a first position in order list. A lot of people complaining and leave betfair because of this issue. Please look at Pinacle, Matchbook, Fairlay and most asian bookie and implement it like that way. I don't see any cons here for end users. Please correct me if I am wrong.
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November 23, 2020, 08:14:59 AM
 #646



Quote

Assume you mean where the user's order is in the FIFO queue for a certain odds increment? You are correct - we don't have that on Exbet, although it is data that theoretically we could expose to users. Which exchanges offer this?


As far as I know Betfair doesn't provide information about "Position in queue" PIQ. And there is no official statement about this issue. Some people think it's hard to implement because of betfair's cross matching, others think that betfair is providing their own liquidity pool and  matching bets in their own most profitable order (including account profiling and a lot of more metrics). I think both of them are correct and don't add any transparency for betfair reputation.
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November 23, 2020, 10:44:56 AM
 #647

something i am interested to know is if people on here are likely to bet more or less when btc is on bull run like now???

Interesting question Smiley I think people tend to bet less (with BTC) during a bull run, because they are even more cautious to not give them away, although they will lose the same amount fiat-wise by adjusting their stakes. It's a psychological thing and the more value something has, the more likely you are trying to protect it at all costs and not taking unnecessary risks. Even when you know you will come out on top longterm by investing this asset in valuable spots Wink
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November 23, 2020, 04:53:52 PM
Last edit: November 23, 2020, 06:29:10 PM by exbet.io
 #648

Yes 3 digits after decimal point gives more competitive odds for heavy favorites. You can offer something like 1.236 against 1.235 and have a first position in order list. A lot of people complaining and leave betfair because of this issue. Please look at Pinacle, Matchbook, Fairlay and most asian bookie and implement it like that way. I don't see any cons here for end users. Please correct me if I am wrong.

We think you're right - probably not any serious cons in moving to three decimals. We will probably not prioitize this, as we have more important product development to focus on just now (we need more hours in the day Smiley ). But we are not ruling it out in the future.



As far as I know Betfair doesn't provide information about "Position in queue" PIQ. And there is no official statement about this issue. Some people think it's hard to implement because of betfair's cross matching, others think that betfair is providing their own liquidity pool and  matching bets in their own most profitable order (including account profiling and a lot of more metrics). I think both of them are correct and don't add any transparency for betfair reputation.

Yes, it's hard to separate fact from rumour with Betfair. There are a lot of conspiracy theories, but Betfair does not help this with its lack of transparency.

Until PIQ becomes important to a significant group of Exbet users, it is unlikely that we will prioritize it as a new feature. We do have long-term plans for a kind of radical orderbook transparency, but we need to learn to run before we can walk walk before we can run (great typo Grin ).

Thanks again for your feedback, MyRealName. We need informed users like yourself to express opinions about Exbet - that way we can keep evolving in the right direction. Keep it coming  Smiley

Exbet is LIVE | The Bitcoin Betting Exchange | Back, Lay, and Trade Sports | 1% Commission | NFL, NBA, Soccer & Cricket
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November 23, 2020, 10:06:07 PM
 #649

something i am interested to know is if people on here are likely to bet more or less when btc is on bull run like now???

Interesting question Smiley I think people tend to bet less (with BTC) during a bull run, because they are even more cautious to not give them away, although they will lose the same amount fiat-wise by adjusting their stakes. It's a psychological thing and the more value something has, the more likely you are trying to protect it at all costs and not taking unnecessary risks. Even when you know you will come out on top longterm by investing this asset in valuable spots Wink

yeh make you right people gonna be more careful with the days when price is mooning, level staking to fiat value not really what your standard pubter likely to bother with although shdnt make blind bit of difference for the value inclined lol
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November 23, 2020, 10:17:58 PM
 #650

Still I really like this site. the layout is good and these company is serious. I really hope they can make it. Their forum representative is also always polite and friendly here.

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November 23, 2020, 10:32:37 PM
 #651

The site looks friendly. It is only a pity that the topic here is not so busy. Maybe a way of advertising on the forum? There are many possibilities.
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November 23, 2020, 11:09:03 PM
 #652

Still I really like this site. the layout is good and these company is serious. I really hope they can make it. Their forum representative is also always polite and friendly here.

Thanks nasipadang, we are always on our best behaviour  Wink

Exbet is LIVE | The Bitcoin Betting Exchange | Back, Lay, and Trade Sports | 1% Commission | NFL, NBA, Soccer & Cricket
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December 04, 2020, 05:48:54 PM
 #653

Hey people!

Exbet has added the following Soccer leagues:
- French Ligue 1
- Dutch Eredivisie
- Portuguese Primeira Liga
- Turkish Super Lig

More leagues and markets coming soon.

We also have a couple of new Exbet features that we just released, giving users more insight into their current and historical bets across the Exbet exchange. More info on these next week.

Looking forward to another great sporting weekend!

Exbet is LIVE | The Bitcoin Betting Exchange | Back, Lay, and Trade Sports | 1% Commission | NFL, NBA, Soccer & Cricket
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December 04, 2020, 05:50:31 PM
 #654

Hey people!

Another hard week at the Exbet coalface  Wink

Exbet has now added the following Soccer leagues:
- French Ligue 1
- Dutch Eredivisie
- Portuguese Primeira Liga
- Turkish Super Lig

We have a couple of new Exbet features released also, that give users more insight in their curernt and historical bets across the Exbet exchange. More on this next week.

Looking forward to another great sporting weekend!

You have added popular competitions again. How are the developments with regard to the live betting part, is this already possible?
That is technically quite a job, but once it works you can really get a lot of customers with it. Pre-match isn't bad either, as long as the range is good and large enough.
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December 04, 2020, 05:54:28 PM
 #655

Hey people!

Another hard week at the Exbet coalface  Wink

Exbet has now added the following Soccer leagues:
- French Ligue 1
- Dutch Eredivisie
- Portuguese Primeira Liga
- Turkish Super Lig

We have a couple of new Exbet features released also, that give users more insight in their curernt and historical bets across the Exbet exchange. More on this next week.

Looking forward to another great sporting weekend!

You have added popular competitions again. How are the developments with regard to the live betting part, is this already possible?
That is technically quite a job, but once it works you can really get a lot of customers with it. Pre-match isn't bad either, as long as the range is good and large enough.

Hi ufaiz50, thanks for checking in!

Live betting is making good progress - the work we are doing is primarily improvements in the speed and stability of the Exbet API to allow market makers to bring in-play liquidity with confidence. We'd love to have something concrete before end of December, but realistically it won't be until the start of 2021 that Exbet users see substantial progress here.

Regards

Exbet is LIVE | The Bitcoin Betting Exchange | Back, Lay, and Trade Sports | 1% Commission | NFL, NBA, Soccer & Cricket
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December 04, 2020, 06:21:05 PM
 #656

Hey people!

Another hard week at the Exbet coalface  Wink

Exbet has now added the following Soccer leagues:
- French Ligue 1
- Dutch Eredivisie
- Portuguese Primeira Liga
- Turkish Super Lig

We have a couple of new Exbet features released also, that give users more insight in their curernt and historical bets across the Exbet exchange. More on this next week.

Looking forward to another great sporting weekend!

You have added popular competitions again. How are the developments with regard to the live betting part, is this already possible?
That is technically quite a job, but once it works you can really get a lot of customers with it. Pre-match isn't bad either, as long as the range is good and large enough.

Hi ufaiz50, thanks for checking in!

Live betting is making good progress - the work we are doing is primarily improvements in the speed and stability of the Exbet API to allow market makers to bring in-play liquidity with confidence. We'd love to have something concrete before end of December, but realistically it won't be until the start of 2021 that Exbet users see substantial progress here.

Regards



I wouldn't worry about that too much. After all, it is already almost 2021 and there are still plenty of matches. Provided we get that vaccine for corona available again, of course.
The best thing about a betting exchange is how to lay the score correctly. The 3-3 seemed to be popular a while ago.

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December 04, 2020, 06:50:39 PM
 #657

I wouldn't worry about that too much. After all, it is already almost 2021 and there are still plenty of matches. Provided we get that vaccine for corona available again, of course.
The best thing about a betting exchange is how to lay the score correctly. The 3-3 seemed to be popular a while ago.

Thanks coin.princess

Yes, laying the 3-3 has been popular with some punters. But you'd want to be a bit careful these past few months, with average goals per game seeming to be on the increase (related to Covid and crowd restrictions?). For example, EPL goals per game are at 2.96, a historical high. Might want to be going the other way and laying 0-0 Wink

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December 05, 2020, 04:08:40 PM
 #658

That 1% commission you have to pay is very little. The other exchanges charge a lot more, so this could potentially be beneficial.
It's just a matter of building a good name and getting a reputation can sometimes take a while. Time is something we all have enough of in the forum  Tongue

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Intrepidity
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December 07, 2020, 06:35:34 PM
 #659

can someone correct the address for exbet api token?

from their docs it seems to be this below

("https://api.macau.exbet.io/post/v2/login", {"password", "username"})

but it does not work
exbet.io-support
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December 07, 2020, 09:54:13 PM
 #660

can someone correct the address for exbet api token?

from their docs it seems to be this below

("https://api.macau.exbet.io/post/v2/login", {"password", "username"})

but it does not work

Hello Intrepidity,

the swagger docs for the login are here https://api.macau.exbet.io/apidocs/#/user/post_v2_login.
Looking at your link, you have a `post/` too much in the URL, and the payload must be a valid json dictionary.
From the console, you can get your token via

Code:
    curl -X POST "https://api.macau.exbet.io/v2/login" \
         -H "accept: application/json" \
         -H "Content-Type: application/json" \
         -d "{ \"password\": \"yourpassword\", \"username\": \"yourusername\"}"

Please try and let us know if you have any more toubles!
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