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

[exbet.io]

Good to know that you guys are listening to community feedback properly. I agree that a 1% flat commission rate would definitely be competitive, but I suggest implementing some kind of VIP tier system in order to make it even more competitive as I suggested earlier.

This would give your exchange an extra bonus point and would definitely draw in more punters. Liquidity is another factor which needs to be addressed to make your exchange more competitive.

The issues of (i) VIP commission rebates and (ii) liquidity are definitely connected. We are working with potential market makers regarding liquidity at launch. And of course, market makers are bringing value to the platform, and therefore look for commission rebates... We are still developing how we work in this area, thanks again for your input.

One point to make - if there are bitcointalk users out there who are interested in market making on exbet.io (in one or more leagues or sports), please get in touch. We can arrange early development access to our market maker API and discuss other ways to ensure mutually beneficial partnership. And, of course, strong liquidity ends up benefiting all users of exbet.io, by making market access more efficient.

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[meliquiades]

1% commission is very attractive given current alternatives. Put me down for the beta please.

[LimLims]

Really the site has a different concept.
It's really good to see such sites with new and innovative ideas.
I will surely check it out.
It would have been great if you could have mentioned more features about the site.
Nevertheless Good work OP.

[el kaka22]

So, from what I understand this is basically sportsbetting but pvp instead of against the house? You put up some money in a game and other guys take it, of course it doesn't have to be 1 to 1 ratio for your bet, nobody will accept a bet where you put up 1 eth for real Madrid to win against getafe if all they will get is 1 btc back, so you make the odds as well and give yourself lower in that case.

Hence, you basically become the sportsbook for one bet at a time, which is really awesome but how many people are really capable of doing that both in odds ways and also have the wallet for it? I guess we will have to see but the idea itself is amazing, I would totally go check it out when it comes out, don't know when the full release will be but it definitely worth a shot.

[exbet.io]

1% commission is very attractive given current alternatives. Put me down for the beta please.

Thanks meliquiades, saw your comment on the other thread, consider yourself beta-bound.

[exbet.io]

Really the site has a different concept.
It's really good to see such sites with new and innovative ideas.
I will surely check it out.
It would have been great if you could have mentioned more features about the site.
Nevertheless Good work OP.

Hello LimLims, we really appreciate the kind words, thank you. In the coming weeks, we will definitely be telling more about the exbet.io betting exchange and how it opens up completely new strategies for sports bettors to win from their sports expertise and knowledge.

If you'd like to take a look at the Closed beta next week, just let us know. Or just wait for full launch later this year 

[exbet.io]

Hello el kaka22, great post, thank you!

So, from what I understand this is basically sportsbetting but pvp instead of against the house? You put up some money in a game and other guys take it, of course it doesn't have to be 1 to 1 ratio for your bet, nobody will accept a bet where you put up 1 eth for real Madrid to win against getafe if all they will get is 1 btc back, so you make the odds as well and give yourself lower in that case.

Correct, great description of what exbet.io is.

Some additional info - exbet.io will only support Bitcoin deposits at launch, but we plan to add support for ETH and other altcoins soon after.

Also, as you say, you can set whatever odds you want - for example 2.0 or 1.88 or 3.6 or 5.0 or 1.09 or 21.0 etc etc.

Hence, you basically become the sportsbook for one bet at a time, which is really awesome but how many people are really capable of doing that both in odds ways and also have the wallet for it? I guess we will have to see but the idea itself is amazing, I would totally go check it out when it comes out, don't know when the full release will be but it definitely worth a shot.

That's the great thing about a betting exchange platform - it supports many different kinds of bettors with different size banks, and different goals:

1. Recreational bettor
Just wants to bet small on Soccer matches, for example
With a betting exchange like exbet.io, the recreational bettor gets best prices, and can Cash Out (Lay) his bets when the live result is in his favour.

2. Big bettor
Wants to have bigger bets, but is getting restricted or banned with sportsbooks.
With a betting exchange like exbet.io, the big bettor can bet whatever he likes - there are no limits, just market liquidity.
And with Lay betting, the big bettor can bet *against* something (for example 0-0 correct score) when he has a strong opinion.

3. Market Maker
Wants to take a bet on every outcome in a market, almost like a DIY sportsbook
The Market Maker has deep profits and a great understanding of sports betting and markets. He will treat this as a profession, not a hobby and brings depth and breadth to an exchange's liquidity. But without an exchange, the Market Maker cannot survive.
(By the way, exbet.io is always looking for strong Market Makers, please DM us if you are interested!)

4. Trader
Trades the market, not the sport
The Trader is similar to a day trader in crypto, trading the market moves to lock in profit regardless of what happens with an asset price in the long term. The trader tries to anticipate price movements and makes a series of small bets in opposite directions (back and lay) and in this way is also invaluable to an exchange by providing reactive liquidity that keeps spreads tight.

This is just a short description of some of the people and strategies that a betting exchange can support. We think it is a great match with the the mentality and skillset we so often see in the crypto community.

Let us know if you are interested in joining the Closed Beta, otherwise we'd love to see you once we go LIVE later this year.

[arco-yabamba]

Put me down for a place please Exbet.io.

[exbet.io]

Put me down for a place please Exbet.io.

hi arco-yabamba, great to have you on board!
We will be in touch in the coming days.

[Wendigo]

Hi there. I am interested in participating in the closed beta. Shoot me a message please. Thanks!

[exbet.io]

Hi there. I am interested in participating in the closed beta. Shoot me a message please. Thanks!

hi Wendigo, great stuff, we'll be in touch in the next day or two.
Bitcointalk member places starting to fill  up nicely now 

[exbet.io]

And the beta is live!!!

Thanks to everyone who signed up! Many of you will have received your invites by DM by now.

We still have places available, so DM us for an invite, and a chance to take part in building THE Bitcoin Betting Exchange....

EXBET.IO

[jazmuzika217]

All we know that most of online crypto gamblers want more adventure in every game that they join so I did not surprise why there are so many sports betting site that are now launching. But I think the advantage of this site exbet.io is the prize and bonus that they offer. And in terms of game features and graphics it is perfect for every age of gamblers.

[RivAngE]

That's a very small announcement post guys. It's like you're saying "hey, we're just another betting site, come check us out if you want".
I don't feel enough energy coming out of your post!

[Haunebu]

Just checked out the beta version through your DM invite and this is what I have observed:

- Simple and decent design
- Use milli BTC(mbtc) instead of micro BTC which is better in my opinion
- FAQ section needs to be expanded

Will check it out in depth in the coming days and mention anything else soon.

[exbet.io]

That's a very small announcement post guys. It's like you're saying "hey, we're just another betting site, come check us out if you want".
I don't feel enough energy coming out of your post!

  Great post, made us laugh!

You probably have a point... but this was just an ANN for the Beta... it's a test product right now, with play money betting.

...but we DO plan on making a big noise when we go LIVE later this year.. Do you have any advice for what we should do to bring maximum energy to the LIVE post? Honestly, all advice is appreciated

Anyway. Because your post got us smiling, we'll DM you a link to the exbet.io Beta. What a deal!

[LUCKMCFLY]

Hello, I still have not received my invitation, on Twitter I am @McflyBitcoin, I want to try the beta version, I am attentive, I had previously sent you a DM.

Thank you.

[Yatsan]

Just checked out the beta version through your DM invite and this is what I have observed:

- Simple and decent design
- Use milli BTC(mbtc) instead of micro BTC which is better in my opinion
- FAQ section needs to be expanded

Will check it out in depth in the coming days and mention anything else soon.

Also visited their site and I agree they have these very simple design but it's clean.
Most of bitcoin betting exchange uses milli BTC as it expresses in a thousand decimal in bitcoin to avoid long number line and also for easy calculations. I guess nobody bets a single bitcoin in game, right?
Good for you, you already found the FAQs, I haven't found it yet, I'm trying but I can't really see it. could you help me on this one?

[el kaka22]

When will it be opened? It says Q4 of 2019 but we are already in it I think (or maybe not, I am not entirely sure how quarterly system works) and I really want to give it a chance at full release. I don't like to use places during their beta stages because I feel like a lab rat trying to figure out what could be wrong and on a place like this I rather not figure out whats wrong.

I want to see people here on their own money and doing stuff with their own money. Looks like everyone is complimenting the website as it is and I feel like there is really nothing more to handle left, if you guys have no more glitches or bugs or anything bad going on, I think you should start considering the full release with actual deposits and withdraws so people could test it.

[exbet.io]

Just checked out the beta version through your DM invite and this is what I have observed:

- Simple and decent design
- Use milli BTC(mbtc) instead of micro BTC which is better in my opinion
- FAQ section needs to be expanded

Will check it out in depth in the coming days and mention anything else soon.

Haunebu, we really appreciate the feedback, thank you.

- Design - yes, we tried to keep it clean and "classic".

- Use milli BTC.. We understand that some will want to bet in micro BTC.. it is always a compromise between the needs of different users. Actually, our minimum bet currently is 0.1 milli BTC.

- FAQ section - Yes! You are 100% right. We plan to have a much more complete FAQ section at launch. We also believe that on-boarding for new users will be important (because betting exchange is a little more complicated) so we are thinking about best way to do that when we go LIVE.