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

[fairlay]

Ps: please add soccer games

Done!
https://www.fairlay.com/event/category/soccer/
Finally, we have a big announcement. We now have a big range of sport events. We got some market maker on board who are offering mostly better odds than e.g. pinnacle sports at a decent liquidity. Finally - we will start this with taking no fee at all on sport events. If you don't use an accout we only take a 0.5mBTC tranaction fee. If you use a account even this fee is waived.

[gizane]

Fairlay - prediction market/betting exchange - we offer the SAME ODDS and LOWER FEES than betfair

We are a Bitcoin prediction market with the same concept as betting exchanges such as betfair. We have been around since February. It is a hard thing to get a betting market started since you have a "the chicken or the egg" problem. If you do not have enough users then there is not enough liquidity in the market and that results in bad odds -> you don't get new users.

However - with the great interest caused by the world cup we have overcome this level. Additionally, the number of events you can bet on is still very limited with only 'to qualify' bets. I think we can now say that we offer the best odds on the internet with a liquidity that is at least a reasonable.

Have a look at:
https://www.fairlay.com/event/category/sports/
https://www.fairlay.com/predict/latest/ (latest predictions to get a sense of activity)

For those of you who are used to the befair website with lay odds: To make it easier for beginners we have converted all odds to "back odds". So whether you choose "yes" or "no" (lay) the odds will always reflect your possible return.

Most importantly, thanks to Bitcoin we only take a 2% fee of your winnings while betfair starts at 5%.


Some current examples:

Brazil - Colombia (to qualify)
Cloudbet: 1.4 - 2.88
Fairlay: 1.45 - 3.128
Betfair: 1.45 - 3.15

https://sportsbook.cloudbet.com/?event=73825
https://www.fairlay.com/predict/registered/new/brazil-will-reach-the-next-round-against-colombia/
http://www.betfair.com/exchange/football/market?id=1.114465431&q=brazil%20columbia

France - Germany (to qualify)
Cloudbet: 2.12 - 1.67
Fairlay: 2.351 - 1.714
Betfair: 2.36 - 1.72

https://sportsbook.cloudbet.com/?event=74133
https://www.fairlay.com/predict/registered/new/france-will-reach-the-next-round-against-germany/
http://www.betfair.com/exchange/football/market?id=1.114477262

Netherlands - Costa Rica (to qualify)

Cloudbet: 1.21 - 4.4
Fairlay: 1.25 - 4.704
Betfair: 1.24 - 5

https://sportsbook.cloudbet.com/?event=74005
https://www.fairlay.com/predict/registered/new/netherlands-will-reach-the-next-round-against-costa-rica/
http://www.betfair.com/exchange/football/market?id=1.114472132&q=costa%20rica


Read about us on:
Coindesk:
http://www.coindesk.com/bitcoins-predict-future

Cryptocoinnews
http://www.cryptocoinsnews.com/news/interview-fairlay-prediction-market-replace-bitcoin-bookies/2014/02/15

or Bitcoin.de: (German)
http://bitcoinblog.de/2014/06/30/mit-bitcoins-auf-wm-spiele-wetten/

Thx a lot for ur prediction
And i win some of btc
Goodluck and keep the good work

[fairlay]

Thanks for the awesome feedback on our all new sport section. We are really amazed by the number of new user and bets placed.
Keep pushing us forward becoming the No. 1 site for every user with the intention to win!

[anp31]

Payback procentage: 114.69 %. BUG?

http://s21.postimg.org/6v7ch6j07/flay.png
upload images free

[fairlay]

Thanks for letting us know.

Haha, you actually watched exactly the moment one of our market makers where testing some stuff. So you had indeed the option to get a 114% return. But now the odds are normal again.

[anp31]

Thanks for letting us know.

Haha, you actually watched exactly the moment one of our market makers where testing some stuff. So you had indeed the option to get a 114% return. But now the odds are normal again.

I was able to place a bet.Is that ok?

http://s4.postimg.org/k7z39hh6l/flay2.png
image hosting above 5 mb

[fairlay]

of course! That is the concept of a betting exchange - you are free to do any form of arbitrage!

Winners are absoluty welcome on our site!

If you want to help us getting more popular feel free to give us a rating here: https://bitcointalk.org/index.php?topic=577102.0

[anp31]

This is from my resolved bet tab.Something not working right, there are many more resolved bets with error

http://s21.postimg.org/y0iz91yyf/flay3.png
jpg images

[fairlay]

Indeed we are currently out of sync with the source we pull information from to resolve the events.
They will be resolved soon.

Thanks for notifying.

[masterzino]

No liquidity for most of the bets

[fairlay]

No liquidity for most of the bets

That is not true. At least on all of the sportsbets we have a liquidity of 3,000 to 30,000 mBTC per outcome. For the none sports bet the liquidity is indeed very low.
Sometimes lower the odds just a bit and click the coverd amount button again to see the liquidity at this odds. It is sometimes possible that someone placed a very small bet at the best available odds.

We will provide a improved UI soon where it is easier to get an overview over the liquidity.

[fairlay]

Some examples for our current liquidity:


Tennis, 8,000 mBTC


NBA, 20,000 mBTC


Soccer, CL, 20,000 mBTC

[blueparrot]

3 questions:

1. I want to place a bet with 1.504 odds. When I click on covered amount it says 1884.80 mBTC available.
I want to bet more than that, but I can´t see how much liquidity there is at the next lower price (I would happily accept
lower odds for this particular bet).

How can I see the covered amount for the lower offers in the orderbook and not only the top offer?

2. I like that you try to add more liquidity (which is crucial for betting exchange model) to your service. However I don´t think
that you are comparable to pinnacle. Your new odds are very nice, but betting limits are nowhere near pinnacle.

On the bet I talked about above pinnacle is currently accepting: 7,621.32 € without odds change.
At Fairlay I can bet 1884 mBTC which is roughly 465 $ (not € as on pinnacle).

Nevertheless I think your site has improved much in the recent weeks, especially due to the new liquidity.

3. I can place anonymous bets on Fairlay or register for an account. Is there any advantage for opening an account?
Otherwise I would obviously simply place anonymous bets by entering my cashout address.




unrelated:
How much do I suck at english  Every single question begins with the word "I"   

[ctlaltdefeat]

Could you give some information about your market maker? Who are they and what's your relationship with them? For example if someone were to win a large amount from them and they were to threaten you to void the bet or lose them as a partner, how would you react?
Already have very good experience with you but I think it would be good if you shed some light on this.

[fairlay]

3 questions:

1. I want to place a bet with 1.504 odds. When I click on covered amount it says 1884.80 mBTC available.
I want to bet more than that, but I can´t see how much liquidity there is at the next lower price (I would happily accept
lower odds for this particular bet).

First - sorry for the late response. Somehow we overlooked the notification email. To answer your question: you are right: currently this is not very convenient. The only way to do it is to lower the odds and click again on "matched amount" and it should be higher than. What is also really annoying currently is that the odds only get updated once per minute (and not directly after the bet). We are working on both. First we well offer a full orderbook view and second we will update the odds on every reload.

2. I like that you try to add more liquidity (which is crucial for betting exchange model) to your service. However I don´t think
that you are comparable to pinnacle. Your new odds are very nice, but betting limits are nowhere near pinnacle.

On the bet I talked about above pinnacle is currently accepting: 7,621.32 € without odds change.
At Fairlay I can bet 1884 mBTC which is roughly 465 $ (not € as on pinnacle).

Nevertheless I think your site has improved much in the recent weeks, especially due to the new liquidity.

Actually we REALLY offer the same liquidity than pinnacle (but normally not on the best odds) But if you choose the odds of pinnacle and click on "covered amount" in 90% of the cases the liquidity should be about the same as pinnacle. Please write us here if you experience something else.

3. I can place anonymous bets on Fairlay or register for an account. Is there any advantage for opening an account?
Otherwise I would obviously simply place anonymous bets by entering my cashout address.

Well - we value anonymity and therefor don't want to force people to use an account. However - there is a advantage. You simply can place bets quicker and you can not cancel open bets without an account. Lets say you place an anonymous bet. It will take some time until your tranctions gets confiremed and the bets becomes valid. In this time the odds could change already (or the event is already closed).

[boopy265420]

Just come to know about your site and signed up . It is very decent site with some amazing graphics surely would like to place some bets in future. Keep up the great work and quality.

[fairlay]

It is very decent site with some amazing graphics

Thanks for the nice feedback. However - we are a little bit confused since we did not really have focused on graphics - so we would prefer to be known for our odds, liquidity and 0% fees ans reliable cash outs - since that is the stuff that matters to us.

[fairlay]

Could you give some information about your market maker? Who are they and what's your relationship with them? For example if someone were to win a large amount from them and they were to threaten you to void the bet or lose them as a partner, how would you react?
Already have very good experience with you but I think it would be good if you shed some light on this.

Hi ctlaltdefeat,

we and the market maker we partner with have way bigger ambitious and we are in for the long run. We are convinced that a free market (betting exchange) is always superior to a bookie. However - we will only reach our goal if most of all Bitcoin sport betting is done on fairlay. Until than we will have 0% fees on sport bets and focus only on growth of liquidity. If we have reached it we will probably charge the market makers that profit from this market place with something like a very small amount for 1000 API requests.
This is obviously a long way to go and defrauding users on this way is clearly not an option. We don't plan to wast money with costly advertising or big bonuses - so our only asset are offering the best odds and having happy users that propagate the site.

Completly beside this reasoning our market maker has a sophisticated automated system where he monitors odds on big none-Bitcoin betting sites and automatically hedges bets if needed. 





 

[Bastketsrus]

I don't understand how it If I bet "on" a team, then a covered amount shows up. Does that mean that I can place a bet up to that amount and I have a bet?

If I change the odds, why does the covered amount remain the same?

[Bastketsrus]

Can I change to American odds?