FAIRLAY - SPORTS BETTING for experts - highest liquidity, provably best odds

[danshan11]

Of my current approximately 40 matched orders, 8 of them have had this issue. So I think it is very serious. I've also seen some other issues which make me question whether Fairlay is investing the resources that they should be to fixing their software.  

I am surprised that the Fairlay UI (which is how old?) still has bugs in it.  Either the users aren't bothering to report them, there isn't a significant user base, or the company is not interested enough to fix them. 

The annoying UI and complicated learning curve has always been an issue with Fairlay, but they have taken us for granted even though many gamblers have reported these issues since they have no competition currently in the crypto betting exchange market.

This could change soon with the launch of Exbet which has a better design and easier learning curve overall. Fairlay needs to seriously reconsider improving their UI.

I am excited about the launch of exbet as well, I hope it goes great. the huge difference with exbet though is they have very strict rules and do not allow any user created markets, they will only have popular markets and no user input on markets.

also Haunebu have you tried the app I built for fairlay, its a ton easier to use?

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[Haunebu]

I am excited about the launch of exbet as well, I hope it goes great. the huge difference with exbet though is they have very strict rules and do not allow any user created markets, they will only have popular markets and no user input on markets.

Exbet is still in its initial stages due to which they aren't providing user created markets just yet, but that might all change in the future once the liquidity on their site improves which seems to be their primary focus currently.

also Haunebu have you tried the app I built for fairlay, its a ton easier to use?

Never heard of such an app. Will definitely check it out. What is its name on playstore?

[danshan11]

here is the link to the fairlay web app
https://jgexchange.com/bet.html/


exbet does not have a liquid provider, initially it seems it will all be user based, we know how that ends up and that 1% house fee will make it even tougher.

Exbet and fairlay are not competitors because they do two completely different things.

I don't understand honestly why someone would use exbet, the big exchanges accept BTC too

[Haunebu]

exbet does not have a liquid provider, initially it seems it will all be user based, we know how that ends up and that 1% house fee will make it even tougher.

Exbet and fairlay are not competitors because they do two completely different things.

I don't understand honestly why someone would use exbet, the big exchanges accept BTC too

Even though their approaches are different, both Fairlay and Exbet are regarded as competitors since they both serve the same purpose which is offering Betfair style betting exchanges with crypto as the primary payment method.

Also, I feel that the 1% commission that Exbet charges is pretty low and not a big deal to be honest. I participated in their soft launch and I observed that it has a ton of potential.

Several features like In-play betting etc were missing, but they will probably add them over time.

[danshan11]

I dont even see them in the same category

1% fee is huge, I cant believe you think that is reasonable, that is 10 times the fairlay fee I pay as a level 4 or whatever I am

they need liquid, if they don't have liquid, I just don't see the user using it

when they did soft launch how did that work the liquidity?

[Haunebu]

1% fee is huge, I cant believe you think that is reasonable, that is 10 times the fairlay fee I pay as a level 4 or whatever I am

they need liquid, if they don't have liquid, I just don't see the user using it

when they did soft launch how did that work the liquidity?

Even Fairlay charged higher commission initially which dropped later on based on your VIP status. I know that Fairlay charges very low commission now, but Exbet will probably do the same after they become more popular.

In comparison, FIAT exchanges like Betfair etc charge way higher commission though their liquidity is far higher. Soft launch was conducted early this month and liquidity was below average, but it was open to just about couple of punters.

[Degens]

I dont even see them in the same category

1% fee is huge, I cant believe you think that is reasonable, that is 10 times the fairlay fee I pay as a level 4 or whatever I am

they need liquid, if they don't have liquid, I just don't see the user using it

when they did soft launch how did that work the liquidity?

It should be trivial for them to get liquidity. Exbet can just use the API for Fairlay.

That's what Degens.com does, we pull the liquidity from Betfair.

[danshan11]

what do you mean you pull the liquidity from betfair?

[danshan11]

well exbet is out they do KYC AML and they have jurisdiction rules

I guess that bubble is a burst

[danshan11]

please go to the KYC Authorization tab in My Account and follow the instructions there. You will be required to submit KYC documentation and successfully complete the KYC authorization process


US members not allowed and all others will be required to submit KYC AML

I think exbet is a dead stick for now

I am going back to fairlay, thanks for the idea though LOL

[Degens]

what do you mean you pull the liquidity from betfair?

Both Betfair.com and Degens.com have APIs. Degens.com pulls odds data in real time from Betfair and has numerous bots which seed it.

I believe Fairlay does the same with Pinnacle though I'm not sure.

I don't believe Fairlay or Exbet are competitors for Degens as they use bitcoin. Bitcoin can't support smart contracts, so Fairlay and Betfair are by defitition custodial whereas Degens.com is non custodial.

That said, if Fairlay has only 0.1% fees, that's amazing as Degens.com thought we had the lowest fees on the planet of 0.5%!

[danshan11]

pulling odds data is not liquid

who settles degens markets?

if degens settles their markets how is it non custodial?

[Degens]

pulling odds data is not liquid

who settles degens markets?

if degens settles their markets how is it non custodial?

Liquidity is trivial to acquire if pulling accurate real-time odds is possible. On the Degens Betting Exchange, most users use this automated market making code which makes it easy to provide liquidity as an real time odds source is included - https://github.com/degensprotocol/degens-mm

So for no cost, and no access to 3rd party real time odds data, you can be a market maker on Degens if you run the above code.

There is an oracle that grades most events through an API and then that result is confirmed by a multisig of real people at Degens.

It is non custodial as your funds are never in the custody of Degens, funds are escrowed in a publicly auditable smart contract. This compares to Fairlay where you deposit funds into their custody.

That said if Fairlay's commission structure is as cheap as you say, 0.1%, then for the vast majority of users using Fairlay is the logical choice as the risk of them exit scamming is tiny since they are the OG in this space.

[danshan11]

there is no difference on theft of funds

if you deposit on fairlay they can just disappear and take your funds with them
on degens they can just grade everything a loss, disappear and take your funds


I personally like degens layout and prices are good,
I think degens staff or owner is a complete knobjob and  I would absolutely hate to deal with him on a dispute or issue.

fairlay UI can be difficult for new users but once you know it is good and the app is really easy to use but very low limits
fairlay management staff is hard to find and they don't seem to really prioritize users needs attentively as they could
fairlay support staff is very responsive and helpful but the support staff have very limited power and refer many things to management


fairlay commission screenshot

https://i.imgur.com/6ybLWYW.png


I personally don't use degens just because I feel like if I had an issue the owner does not give me the impression he would be helpful but full disclosure I don't know that directly, I only know from my interactions with him on other business matters not as a degens customer

[danshan11]

I also forgot to add one huge difference

fairlay you can create your own markets and set your own prices and commission rates

with degens you basically stuck with their markets and they control settlement of those markets.

anyone that uses my app already knows that markets made using the app have nearly 0% commission

[Degens]

I also forgot to add one huge difference

fairlay you can create your own markets and set your own prices and commission rates

with degens you basically stuck with their markets and they control settlement of those markets.

anyone that uses my app already knows that markets made using the app have nearly 0% commission

Note, that Degens only does sports and I don't believe we've ever had a dispute. This is done intentionally as sport results are extremely rarely disputed.

Yes, you are correct that you cannot create your own market on Degens. Degens intentionally does not allow this to minimize the possibility of disputes.

I'll check out Fairlay one day if I ever stumble across some BTC... BTC hasn't really been a thing in my circles for 5+ years. As you are aware, Degens.com uses the DAI stablecoin on the ethereum network which supports smart contracts which we believe are the future of sports betting.

[danshan11]

do your users have to use gas, isn't gas really expensive right now?

I like the way you try to passively-aggressively dog btc on a btc forum, that takes some big balls

[danshan11]

I also forgot to add one huge difference

fairlay you can create your own markets and set your own prices and commission rates

with degens you basically stuck with their markets and they control settlement of those markets.

anyone that uses my app already knows that markets made using the app have nearly 0% commission

Note, that Degens only does sports and I don't believe we've ever had a dispute. This is done intentionally as sport results are extremely rarely disputed.

Yes, you are correct that you cannot create your own market on Degens. Degens intentionally does not allow this to minimize the possibility of disputes.

I'll check out Fairlay one day if I ever stumble across some BTC... BTC hasn't really been a thing in my circles for 5+ years. As you are aware, Degens.com uses the DAI stablecoin on the ethereum network which supports smart contracts which we believe are the future of sports betting.

no disputes in sports bets, is either extremely naive or completely a lie, one or the other sports events have disputes almost every day.

and why are you here promoting your site in a btc forum if you think you might try using it if you find it in your trash can that you forgot to throw out 5 years ago?

[buwaytress]

Hey guys. Site's been down for a few days now, I think? I saw that there was a cache problem maybe since mid-week Champs League, and now can't even use the search function to find markets OR the trollbox Customer support.

Waited for a while but seems it's stuck forever now. Any tips on how to search for markets without that search bar? clicking it simply doesn't work, force refresh, cookie clear, VPN, browser change etc;)

[DarkStar_]

Hey guys. Site's been down for a few days now, I think? I saw that there was a cache problem maybe since mid-week Champs League, and now can't even use the search function to find markets OR the trollbox Customer support.

Waited for a while but seems it's stuck forever now. Any tips on how to search for markets without that search bar? clicking it simply doesn't work, force refresh, cookie clear, VPN, browser change etc;)

I've been able to use the site and place bets like normal (just with the occasional Ctrl + F5 to fix the cache issue) for the past week. For search, you can search by editing the URL directly: https://fairlay.com/markets/?q=manchester+united&sort=close_date.

That's really weird that you haven't been able to fix the problem with a force refresh and browser change. What browsers have you been trying? I've been on Firefox (v83.0b3) and haven't experienced the problems you describe.