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

[fairlay]

Just curious about your site... so you can accept bets as high as 132 btc with no fee? How does that work without a matching player?

Good luck!

Well - other than a bookmaker we do not have a fixed limit. And we can not guarantee to accept a bet. However - we do have very active market makers and user so usually you will find open bets on the major events of >100BTC. If you bet a even bigger amount we match as much as possible and the rest will be a new open bet.


Currently we don't earn money at all with sport bets but it helps very much to grow our market and as said above - for a (prediction/betting) market it is crucial to reach a critical mass. With this critical mass we will have lots of options to earn a reasonable share and still offer unique service and conditions for all user.

[VTC]

Do you have a partnership with a market maker or are you or one of your investors providing the liquidity for all the sporting events? 

For example, lets look at the just first page of soccer events:
https://www.fairlay.com/event/category/soccer/all/all/?tt=0

AS Monaco vs. Juventus
Unmatched : 677,735.64 mBTC

Real Madrid vs. Atletico Madrid
Unmatched : 823,013.70 mBTC

Thats 1500 btc from those two events alone.  There is over 4700 btc unmatched on the first page.  Can those amounts actually be paid out in a win?

[dedmax]

Do you have a partnership with a market maker or are you or one of your investors providing the liquidity for all the sporting events?  

For example, lets look at the just first page of soccer events:
https://www.fairlay.com/event/category/soccer/all/all/?tt=0

AS Monaco vs. Juventus
Unmatched : 677,735.64 mBTC

Real Madrid vs. Atletico Madrid
Unmatched : 823,013.70 mBTC

Thats 1500 btc from those two events alone.  There is over 4700 btc unmatched on the first page.  Can those amounts actually be paid out in a win?

Good question, with those figures it's hard to tell as i amazes me the level of liquidity available which is ideal for trading the odds any way.

Like i said you never can tell much!

[tonyq]

I'm clicking on matches to check the odds and nothing's happening!
 

[fairlay]

Do you have a partnership with a market maker or are you or one of your investors providing the liquidity for all the sporting events? 

For example, lets look at the just first page of soccer events:
https://www.fairlay.com/event/category/soccer/all/all/?tt=0

AS Monaco vs. Juventus
Unmatched : 677,735.64 mBTC

Real Madrid vs. Atletico Madrid
Unmatched : 823,013.70 mBTC

Thats 1500 btc from those two events alone.  There is over 4700 btc unmatched on the first page.  Can those amounts actually be paid out in a win?

Indeed - we have partnerships with market maker but every user who places a open bet is a market maker.
Regarding the volume - your calculation is a oversimplification. The real exposure is lower. Lets consider the example of a soccer game with odds of 2.95 for all 3 outcomes. And lets assume the open amount is 100BTC on each outcome.

If someone places 100BTC on one outcome the exposure of the market maker is 195 BTC. However, if more bets come in (lets say 100 each on both other outcomes) than the risk exposure would even drop to 0. Since only one outcome is possible one bet of the market maker would make him loose 195BTC but the other two would win him 100BTC each. So he will win 5BTC for sure (unless the event is canceled) So we always keep track of the real exposure of each market maker. So all market makers have to deposit enough to cover the risk of a few of their biggest single bets. In case they reach the deposited amount with their exposure all other open bets from them are removed from the orderbook.

So in short: all (single) open amount are covered by deposits but not the sum of all together. So in theory it could happen that suddenly a lot of open amounts get way smaller (if a market maker reaches its exposure limit) But in practice we don't expect that to happen at all.

[fairlay]

Do you have a partnership with a market maker or are you or one of your investors providing the liquidity for all the sporting events?  

For example, lets look at the just first page of soccer events:
https://www.fairlay.com/event/category/soccer/all/all/?tt=0

AS Monaco vs. Juventus
Unmatched : 677,735.64 mBTC

Real Madrid vs. Atletico Madrid
Unmatched : 823,013.70 mBTC

Thats 1500 btc from those two events alone.  There is over 4700 btc unmatched on the first page.  Can those amounts actually be paid out in a win?

Good question, with those figures it's hard to tell as i amazes me the level of liquidity available which is ideal for trading the odds any way.

Like i said you never can tell much!

We hope to even increase the numbers and see more trading happen!

[fairlay]

I'm clicking on matches to check the odds and nothing's happening!
 

Sorry Tony. Can you tell for how long it did not worked? Anyone else with problems?

[FairlaySupport]

I'm clicking on matches to check the odds and nothing's happening!
 

Hi tonyq,

our hoster had minor connectivity problems at that time. It was resolved quickly.

[tonyq]

Yep, it's all ok now.
Thanks

[fairlay]

Just confirming that FairlaySupport is a valid account representing Fairlay as well.

[fairlay]

We are on it: on our development server we already have added rugby: http://188.165.246.217/event/category/rugby-union/?sc=1

[blueparrot]

any plans on offering more coding examples for the API?
(e.g. a simple application that inserts a new open prediction for 1 BTC in front of the current best offer in the order book at 0.01 better odds for every market from category "xyz")

Any additional API user should be good for your service because it would increase liqudity... besides, you´ve posted that
you may charge for API fees in the future so this may become a viable income in itself 

I´ve also discovered your API browser but only get the error message:
"Unable to read api 'outcome_names' from path https://www.fairlay.com/api/browser/api-docs/api/v1/outcome_names (server returned undefined)"

(https://www.fairlay.com/api/browser/)

[fairlay]

any plans on offering more coding examples for the API?
(e.g. a simple application that inserts a new open prediction for 1 BTC in front of the current best offer in the order book at 0.01 better odds for every market from category "xyz")

Any additional API user should be good for your service because it would increase liqudity... besides, you´ve posted that
you may charge for API fees in the future so this may become a viable income in itself 

I´ve also discovered your API browser but only get the error message:
"Unable to read api 'outcome_names' from path https://www.fairlay.com/api/browser/api-docs/api/v1/outcome_names (server returned undefined)"

(https://www.fairlay.com/api/browser/)

Thanks for your suggestion. Indeed we are currently chancing stuff (this is why you got the error message) We will fix it and post the example you mentioned soon! Looking forward to more market makers and better odds.

[fairlay]

So you where asking for rugby: here you will find it: https://www.fairlay.com/event/category/rugby/all/all/?tt=0

What should we add next?

[sbrzol]

Your site is unusable.  

You do not refresh your markets liability on your browsing pages.


On the browsing page you show that i can bet on a lot of markets, but when ...
I opened 156.5,  there was no price offered, then i refreshed the browsing page and it showed   -  -  (now correctly showed you cant bet on it)
I opened 157 , there was no price offered, then i refreshed the browsing page and it showed   -  -  (now correctly showed you cant bet on it)

before opened 157


after opened 157 and refreshed the browsing page


This is your site bug, not on my side, do not suggest me anything (cookie, etc bullshits) , only fix it. thx

[ctlaltdefeat]

So you where asking for rugby: here you will find it: https://www.fairlay.com/event/category/rugby/all/all/?tt=0

What should we add next?

esports
http://www.pinnaclesports.com/en/esports/schedule

[FairlaySupport]

@ctlaltdefeat we will add Esports within the next 2 weeks.

@sbrzol  Ty for the bug report. We will fix it as soon as possible.

[fairlay]

Anyone up for a none sport prediction?

Will the blocksize limit be increased until March 2016? Currently the market thinks it is only 10% - what is your opinion?
https://www.fairlay.com/event/category/bitcoin/blockchain/all/?lt=1

[fairlay]

any plans on offering more coding examples for the API?
(e.g. a simple application that inserts a new open prediction for 1 BTC in front of the current best offer in the order book at 0.01 better odds for every market from category "xyz")

Any additional API user should be good for your service because it would increase liqudity... besides, you´ve posted that
you may charge for API fees in the future so this may become a viable income in itself 

I´ve also discovered your API browser but only get the error message:
"Unable to read api 'outcome_names' from path https://www.fairlay.com/api/browser/api-docs/api/v1/outcome_names (server returned undefined)"

(https://www.fairlay.com/api/browser/)

So, based on your suggestion we have added more examples to the api and you can now request an API token in the user interface. Have a look: https://www.fairlay.com/api/
If there are any questions we are happy to help! We would be excited if the spread between buy and sell would become even smaller than it is right now!

[blueparrot]

any plans on offering more coding examples for the API?
(e.g. a simple application that inserts a new open prediction for 1 BTC in front of the current best offer in the order book at 0.01 better odds for every market from category "xyz")

Any additional API user should be good for your service because it would increase liqudity... besides, you´ve posted that
you may charge for API fees in the future so this may become a viable income in itself  

I´ve also discovered your API browser but only get the error message:
"Unable to read api 'outcome_names' from path https://www.fairlay.com/api/browser/api-docs/api/v1/outcome_names (server returned undefined)"

(https://www.fairlay.com/api/browser/)

So, based on your suggestion we have added more examples to the api and you can now request an API token in the user interface. Have a look: https://www.fairlay.com/api/
If there are any questions we are happy to help! We would be excited if the spread between buy and sell would become even smaller than it is right now!

great, I didn´t think you would offer more API examples that fast!  

However I have an unrelated problem. I made a deposit today and the mBTC aren´t showing up in my account in spite of already having 3 confirmations.

Transaction ID:
https://blockchain.info/tx/38395aefd1b8a1e2c83571e6ce9b4651e3f820019de683e3608cd6e66c18fbf2
(the 1st transaction)

0.11839732  to 12aLLEBGXUiD1KenXqfuZwpGxeuWNGDmVx

My username at fairlay is: blueparro


edit: 18 confirmations now, still nothing in my fairlay account