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Author Topic: XBet.IO– the world's first distributed betting application  (Read 8391 times)
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xbet.io
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June 12, 2014, 07:16:22 AM
 #21



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What happen if a bet is not matched, or partially ?

The unmatched parts of the bet will return to the user if the bet expires. The expiration is set to happen at the end of each match.

Thx for this explanation. this is important.

So do I understand correctly that whenever i make a bet I will pay a btc fee but when the bet is settled or returned there is no bet fee. (i dont quite understand how the network can return stuff to me) Could you elaborate how that works? So how does the escrow work I guess.



BTC is used as a means to get XCP and as a way of securing the bet. Your bets, other users' counter bets, the pot and the XBet.IO fee are all in XCP. Actions made using XCP are actualy very small bitcoin transactions and so they cost around 0.0006 BTC.
When you place a bet, you place your XCP in the hands of the network. XBet.IO can only publish the winner of an event, and collect the fee in xcp. The pot goes to the winner of the bet. If a user placed a bet and did not find a match, those funds are returned to him without any fee. XBet.IO can't do anything that will change this course of events. The pot will always be devided between users and the fee is always predeclared.

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
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xbet.io
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June 12, 2014, 06:21:00 PM
 #22

Come be a part of bitcoin history:

Bet on the opening match of the Brazil 2014 world cup between Brazil and Croatia.

The match will start in a few hours and you have the time to get to know the new decentralized way to make user based bets on the bitcoin blockchain.

The match will demonstrate our automatic system and failsafes - the result of the match will be displayed on XBet.IO with streaming live updates.

Minutes after the match is over, users will have the chance to report if XBet.IO has made a mistake and displayed the wrong result. If a line is reported. it must go through manual authorization, and until that happens, a result will not be broadcasted and the funds will be held in escrow by the bitcoin network.

If you haven't tried it out before, here is our 1 minute demonstration:
https://xbet.io/how_to_bet

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
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June 14, 2014, 03:04:55 AM
 #23

questions:

https://xbet.io/categories/main_page/Soccer/worldcup/World:%20World%20Cup

Does it mean most matches have people betting on ? How do I know the wagers of each bet ? And is it showing only the best odd if there are many odds on a bet ?

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June 14, 2014, 07:04:17 AM
 #24

questions:

https://xbet.io/categories/main_page/Soccer/worldcup/World:%20World%20Cup

Does it mean most matches have people betting on ? How do I know the wagers of each bet ? And is it showing only the best odd if there are many odds on a bet ?



XBet.IO displays the updated state of the market for each line, including the odds and wagers. To view it from the page you linked, click on the match you are interested in and press on the "market" button next to the market you wish to explore.

Odds presented on XBet.IO are the best odds that you will get for any bet. In the market view, the information is more detailed.

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
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June 14, 2014, 08:06:23 AM
 #25

 Grin it wasnt clear that the match names are clickable
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June 14, 2014, 11:10:36 AM
 #26

Grin it wasnt clear that the match names are clickable

Thanks for pointing that out.

It is now more prominently displayed.

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
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June 14, 2014, 04:06:22 PM
 #27

Hi everyone,

We have added a support chat on XBet.IO for your convenience.
If you have any question regarding XBet.IO and how to use it, or just want to talk about the world cup and the NBA finals, we welcome you to the XBet.IO chat.

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
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June 15, 2014, 02:51:09 PM
 #28

I heard about your website and as I understand your website is more secure than other bitcoin betting sites, or at least it is different.

why can i trust you with my money?
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June 15, 2014, 04:16:05 PM
 #29

Xbet.io does not hold your money. They only broadcast results and the counterparty protocol will escrow the money. The only bad thing they can do is to broadcast incorrect result where they bet against, resulting in being out of business after that.
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June 15, 2014, 11:37:51 PM
 #30

Xbet.io does not hold your money. They only broadcast results and the counterparty protocol will escrow the money. The only bad thing they can do is to broadcast incorrect result where they bet against, resulting in being out of business after that.

So, you only decide the winner of the better (Home/Away) thus there is only the possibility to screw over one side of any given bet (and reward the other side.

Hopefully this will help drive the price of XCP and BTC although there is already other BTC only betting sites which people seem more comfortable with.

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June 16, 2014, 07:34:26 AM
 #31

please fix your feed and or counterwallet so that we can see what bet is which.

currently it is impossible to know which bet is what unless you take note on paper/seperate log file.

It will be impossible to get any user base with this kind of usability issues.

It i most basic that i want to be able to make a bet and then see what bets i have made. there is no use having 10 bets that say home and away.
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June 16, 2014, 07:40:44 AM
 #32

Xbet is very promising, in my opinion. It MAY grow big if it gets more users. The network effect gives it potential

1. Now the spread between back and lay is large for many games. More users, lower spread.
2. XCP itself has a thin market. I prefer buying at bter but spread is often more than 10%.

Good luck to the Xbet team! I admire what you've made Smiley
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June 16, 2014, 12:56:33 PM
 #33

please fix your feed and or counterwallet so that we can see what bet is which.

currently it is impossible to know which bet is what unless you take note on paper/seperate log file.

It will be impossible to get any user base with this kind of usability issues.

It i most basic that i want to be able to make a bet and then see what bets i have made. there is no use having 10 bets that say home and away.

Did you enter your bitcoin address in the search bar located at the top of the screen on XBet.IO?

It contains the information on all bets that have not yet reached the deadline and can still be matched by users.

Displaying older bets is something we are now working on.

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
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June 17, 2014, 08:22:57 AM
 #34

please fix your feed and or counterwallet so that we can see what bet is which.

currently it is impossible to know which bet is what unless you take note on paper/seperate log file.

It will be impossible to get any user base with this kind of usability issues.

It i most basic that i want to be able to make a bet and then see what bets i have made. there is no use having 10 bets that say home and away.

Did you enter your bitcoin address in the search bar located at the top of the screen on XBet.IO?

It contains the information on all bets that have not yet reached the deadline and can still be matched by users.

Displaying older bets is something we are now working on.

We have enhanced our user interface.

It is now possible to view all of your betting information, past and future, dirctly from XBet.IO.

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
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June 17, 2014, 04:44:07 PM
 #35

just spreading some screenshots of the new features...

xbet.io have made some big additions to their website.

this is their new control panel for users.

really helped me understand what was going on with my bets and it works perfectly with counterwallet.





and also one for past bets




I am betting on the world cup only with the only truly safe betting application.

Bet safe with your bitcoins Xbet.IO - be your own bookie! No login! Bets are instant! verified!
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June 17, 2014, 04:58:43 PM
 #36

That's what I'm looking for. Hopefully Counterwallet will have bet information display on betting history/open bets.
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June 23, 2014, 10:22:02 AM
 #37

Today's matches:




Place your bets!

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
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June 24, 2014, 05:37:40 AM
 #38

New look is good and the descriptions are nice.

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June 24, 2014, 12:23:44 PM
 #39

It was screwed by England and the Jap. Just refilled my counterwallet. See how it goes this time.
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July 04, 2014, 01:33:18 AM
 #40

Today's matches:




Place your bets!


How are odds determined here? Is the available liquidity shown as well?
i.e. what are the available bets/odds available for matching in the table.
Matched bets are removed from the available bets, right?

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