I've placed around 20 or so bets on the platform, everything went smoothly, there were no major hiccups.
Sometimes there were lag in the system and the odds displayed were somewhat skewed, e.g. when I bet 0.0001 BTC against 0.0001 BTC, the expected payout should have been 1.95x but the displayed odds were 1.45x for some odd reason. I still got 1.95x in a win, so it's probably just a frontend issue.
I'm very impressed in terms of the quickness of the withdrawal and the responsiveness of the team members, at least on the forum. I did manage to turn my 0.0003 BTC to 0.0013 BTC before withdrawing, which probably can be attributed to beginners luck
My suggestions would be as follows:
a) Have some sort of house game to ensure that gamblers are able to bet against the house when there is no immediate liquidity on the 'books' in the p2p game.
b) Somehow encouraging bettors to contribute to the liquidity of the books as opposed to "sniping" the pots, perhaps by having a 'maker' rebate similar to a derivatives trading platform if one contributes to the pot in the first half of the minute.
c) Have a better index, other than just Binance which can be manipulated easily. E.g. using the index of bitmex/deribit which is a weighted index of a lot of exchanges.
d) Have more currencies, e.g. ETH with less time. A lot of binary options offer 30 sec-1 minute game modes.
But overall, games are fast, snappy, and exceeded my expectations for sure. I love the community oriented aspect as well. Keep up the good work, I'll certainly be in touch with the site.
Just an amazing review! Thank you
Sometimes there were lag in the system and the odds displayed were somewhat skewed, e.g. when I bet 0.0001 BTC against 0.0001 BTC, the expected payout should have been 1.95x but the displayed odds were 1.45x for some odd reason. I still got 1.95x in a win, so it's probably just a frontend issue.
This is not a frontend issue. So I need to explain in more detail how the Betller odds work
Expected payout odds include the amount you have entered. If you try to increase the bet amount and you will see the odds changes.
eg. in the active round 0.0001 vs 0.0001 bets, the odds considers your amount as well and decrease the value to 1.475X because your second bet will divide the potential win in half. (0.0001/0.0002)*0.95+1=1.475
This is the key difference from Expected payout odds and Payout (final odds) at history
Thank you for all (a b c d) ideas!