fairlay (OP)
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April 22, 2015, 06:55:12 AM |
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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!
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.casinobitco.in%2Fcss%2Fimg%2Flogo_cb.png&t=665&c=RAEusGHO3dFUXw)
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.
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www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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VTC
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April 22, 2015, 02:36:30 PM |
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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=0AS 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?
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dedmax
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April 22, 2015, 09:33:11 PM Last edit: April 22, 2015, 09:45:08 PM by dedmax |
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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=0AS 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!
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tonyq
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April 22, 2015, 11:45:22 PM |
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I'm clicking on matches to check the odds and nothing's happening! ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif)
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fairlay (OP)
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April 23, 2015, 05:18:14 AM |
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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=0AS 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.
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www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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fairlay (OP)
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April 23, 2015, 05:21:24 AM |
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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=0AS 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!
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www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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fairlay (OP)
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April 23, 2015, 05:22:20 AM |
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I'm clicking on matches to check the odds and nothing's happening! ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) Sorry Tony. Can you tell for how long it did not worked? Anyone else with problems?
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www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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FairlaySupport
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April 23, 2015, 07:05:21 AM |
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I'm clicking on matches to check the odds and nothing's happening! ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) Hi tonyq, our hoster had minor connectivity problems at that time. It was resolved quickly.
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tonyq
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April 23, 2015, 01:39:59 PM |
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Yep, it's all ok now. Thanks
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fairlay (OP)
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April 23, 2015, 04:38:13 PM |
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Just confirming that FairlaySupport is a valid account representing Fairlay as well.
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www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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blueparrot
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April 28, 2015, 07:51:36 PM |
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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 ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 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/)
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fairlay (OP)
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April 29, 2015, 05:23:37 AM |
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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 ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 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.
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www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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sbrzol
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April 29, 2015, 10:42:45 AM |
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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 ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FZI6UIh0.png&t=665&c=v_KlwLU4tYWXXQ) after opened 157 and refreshed the browsing page ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FogBd4PG.png&t=665&c=7NFUzUKy26pFtA) This is your site bug, not on my side, do not suggest me anything (cookie, etc bullshits) , only fix it. thx
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FairlaySupport
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April 29, 2015, 06:18:36 PM |
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@ctlaltdefeat we will add Esports within the next 2 weeks.
@sbrzol Ty for the bug report. We will fix it as soon as possible.
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fairlay (OP)
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May 05, 2015, 07:15:49 AM |
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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 ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 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!
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www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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blueparrot
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May 05, 2015, 12:04:21 PM Last edit: May 05, 2015, 01:59:50 PM by blueparrot |
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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 ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 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! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 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
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