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bitbookie (OP)
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June 04, 2014, 06:14:16 AM
Last edit: December 19, 2016, 11:02:14 PM by bitbookie
 #1

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21pilot
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June 04, 2014, 02:16:21 PM
 #2

[
  • If you place the only winning bet, you win the entire loser pool, even if you only bet BTC0.0001!


this sounds sick  Grin
Must be nice to win a huge bunch of BTC with such a tiny wager amount.

Nevertheless I´m still not sure if I understand your system correctly.

Let´s say I want to bet on the World Cup winner Germany:

American Odds    -375.0
Decimal Odds    1.1258    1.2667
Pool Total    -    0.003


If I would take the field vs. germany I would get 1.2667 odds (of course that is way better than at any other bookmaker).

But what happens if I place a wager of e.g. 1 BTC but there is not enough money on the other side of the bet (a germany world cup win) ?

The high odds are only attractive if my bet is matched. Otherwise it may sound nice that I would be able to get a 1.2667 odds, but this is useless
for me if I can´t place substanstial amounts of BTC.

And what exactly is the 0.003 pool total? Is this the total amount of BTC which is currently placed on this bet? Or on the other side of the bet?

Sorry for this question, but I think many other newbies have the same questions as me regarding your website.

Thank you  Smiley
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June 04, 2014, 02:51:54 PM
 #3

thank you for the explanation!
Now I understand this system.

The biggest issue for your site for now is to attract new users, because liqudity is desperately needed
in order to offer good odds to the players.

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June 04, 2014, 03:02:15 PM
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This is certainly interested with no vig.  How do you make money?  It's jut good for us to know, so we know there is no shady business going on (we'd have to assume you're making money somehow or else why do this?)
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