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

[FairlaySupport]

For the discrepancy of odds in the French presidential election with other bookmakers such as betfair, is the odds offer in Fairlay more accurate or not? Is it because people dealing with bitcoin is smarter than the people in betfair so the odds here are more accurate?

Though it is safe to assume that people using Bitcoin are smarter than Betfair users, there is also a likely positive correlation between a Le Pen victory and the Bitcoin price which explains the lower odds on Fairlay.

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[8xbt.com]

For the discrepancy of odds in the French presidential election with other bookmakers such as betfair, is the odds offer in Fairlay more accurate or not? Is it because people dealing with bitcoin is smarter than the people in betfair so the odds here are more accurate?

There is no "accurate" odds. People on exchanges place a bet that they want (ie 1 to win @2), and than someone else can take his offer and the bet than becomes valid. People creating the markets on Fairlay might think that one person has a greater change to win than others, and they change their odds to reflect that. Some books also have a lower margin, so instead of 1.91/1.91 on a even market, there might be 1.96/1.96 on some books.

I think you don't understand my question.

[8xbt.com]

For the discrepancy of odds in the French presidential election with other bookmakers such as betfair, is the odds offer in Fairlay more accurate or not? Is it because people dealing with bitcoin is smarter than the people in betfair so the odds here are more accurate?

Though it is safe to assume that people using Bitcoin are smarter than Betfair users, there is also a likely positive correlation between a Le Pen victory and the Bitcoin price which explains the lower odds on Fairlay.

Yes, I agree. Then that should affect the bitcoin price after the election. So, if Fairlay price is more accurate we should bet on Le Pen on betfair rather than laying him on Fairlay. Betting either way on Fairlay would not make any profit, but betting on betfair would.

[Hatcher]

For the discrepancy of odds in the French presidential election with other bookmakers such as betfair, is the odds offer in Fairlay more accurate or not? Is it because people dealing with bitcoin is smarter than the people in betfair so the odds here are more accurate?

Though it is safe to assume that people using Bitcoin are smarter than Betfair users, there is also a likely positive correlation between a Le Pen victory and the Bitcoin price which explains the lower odds on Fairlay.

Yes, I agree. Then that should affect the bitcoin price after the election. So, if Fairlay price is more accurate we should bet on Le Pen on betfair rather than laying him on Fairlay. Betting either way on Fairlay would not make any profit, but betting on betfair would.

Le Pen is a woman. And bitcoin bettors are very bullish on her. You can't even bet on her on DirectBet because they removed that option after receiving too many bets on her.

[8xbt.com]

Unfortunately, our users are rather reluctant in betting on long term markets that aggregate important and extremely useful informations for society.  To motivate betting on our https://fairlay.com/market/bitcoin-future-if-segwit-is-activated-as-soft-fork/  market, we will give out 2x 50mBTC. We will distribute this to the two users belonging to one matched order above 10mBTC  according to certain predefined terms.    The sha-256 hash of the terms is  

620c10675663aa8a5857f01aa4680c69064a6461cfde510521357eaa551c6f43

We reserve the right to exclude anyone that we suspect to have manipulated this promotion.

I think the reason the betting amount is low could be people thinking that sports are much more fun than the result of what we are going to do with our block sizes and transaction fee’s.

I mean I know its important for all of us in bitcoin World but it is not as predictable as a football games result. I know give or take what Monaco-Metz will be, I have no idea what BU and core will do.

Betting on football game result is not that 'predictable'. I think it would be much wiser to bet on these bitcoin market. Football games are full of insiders and corruption which makes you lose much faster for an average bet.

[8xbt.com]

For the discrepancy of odds in the French presidential election with other bookmakers such as betfair, is the odds offer in Fairlay more accurate or not? Is it because people dealing with bitcoin is smarter than the people in betfair so the odds here are more accurate?

Though it is safe to assume that people using Bitcoin are smarter than Betfair users, there is also a likely positive correlation between a Le Pen victory and the Bitcoin price which explains the lower odds on Fairlay.

Yes, I agree. Then that should affect the bitcoin price after the election. So, if Fairlay price is more accurate we should bet on Le Pen on betfair rather than laying him on Fairlay. Betting either way on Fairlay would not make any profit, but betting on betfair would.

Le Pen is a woman. And bitcoin bettors are very bullish on her. You can't even bet on her on DirectBet because they removed that option after receiving too many bets on her.

The gender is not important, what is important is our profits. I don't think it is because there are too many bets on her so that directbet remove the option. Directbet always omit some options without any reason. Also she is still the clear underdog in the outright market. Directbet can just lower the odds and hedge it in other markets to make profits. They don't have to suspend it. Surely the omission is not because of her popularity.

[Hatcher]

For the discrepancy of odds in the French presidential election with other bookmakers such as betfair, is the odds offer in Fairlay more accurate or not? Is it because people dealing with bitcoin is smarter than the people in betfair so the odds here are more accurate?

Though it is safe to assume that people using Bitcoin are smarter than Betfair users, there is also a likely positive correlation between a Le Pen victory and the Bitcoin price which explains the lower odds on Fairlay.

Yes, I agree. Then that should affect the bitcoin price after the election. So, if Fairlay price is more accurate we should bet on Le Pen on betfair rather than laying him on Fairlay. Betting either way on Fairlay would not make any profit, but betting on betfair would.

Le Pen is a woman. And bitcoin bettors are very bullish on her. You can't even bet on her on DirectBet because they removed that option after receiving too many bets on her.

The gender is not important, what is important is our profits. I don't think it is because there are too many bets on her so that directbet remove the option. Directbet always omit some options without any reason. Also she is still the clear underdog in the outright market. Directbet can just lower the odds and hedge it in other markets to make profits. They don't have to suspend it. Surely the omission is not because of her popularity.

Well, as far as I can tell there are no bitcoin sites to bet on her other than Fairlay (there are others that have even worse odds), so it's not easy to hedge those bets (in bitcoin). DirectBet usually offers odds in the range of Betfair -10% and because Fairlay is already lower than that, I think that the omission is due to the fact that people keep betting on her and they can't hedge their bets in bitcoin when they are offering those odds. Lowering the odds is an option, but perhaps they have a policy where they only allow for a maximum amount of overround  (bookmaker's profit), and can't offer "unfair" odds to increase it.

[nrd525]

Can I sell my position on a market before it resolves?  Eg. can you day trade the shares, or do you have to wait until the day of resolution?

Also - how does market making work?  You might want to add an explanation of this to your FAQ.

[adaseb]

No idea if this was already answered but on https://fairlay.com/market/bitcoin-future-if-segwit-is-activated-as-soft-fork/

It says

This is a derivative contract (CFD) priced in USD that tracks the price of Bitcoin in case SegWit is activated as a Soft Fork and the block size threshold stays at 1MB. If SegWit is not activated or if it's activated as a Hard Fork with a block size bigger than 1 MB the market is void. The settlement will be based on the Fairlay BTC/USD settlement index on Jan 1st 2018. Rules according to https://fairlay.com/faq/#27 and following apply.

What exactly happens if the market is void? So we are basically betting on the fact that it either doesn't get activated or it does get activated and anything else in between makes the bet void?

[FairlaySupport]

@ndr525  Yes, you can sell your position. If you go long  and short the same amount at the same or higher price again  your entire funds are freed up again.


@adaseb    building a position on this or any market only reserves funds (reducing your available balance)  but has no effect on your total balance before the market is settled.  When the market is void, all bets are void and your total balance won't change on settlement.

[sirvish]

Hey fairlay,

I just wanted to thank you for providing such a great service. I've been using fairlay for almost one year now, and i have to say that you are indeed a must have bookie/prediction site.
Never had a problem, all withdrawals were processed instantly, bets get settled very fast and your odds are just like pinnacles or even better.

Since i am not allowed to use pinnacle anymore there wasn't really a reliable alternative on the FIAT bookie market for me. So i found out about fairlay, gave it a go and didn't regret it.

However, i don't really understand why there is such a low matched market volume on your site, it's really saddening to see that your site doesn't have the player volume it deserves.

I hope that your business is doing well because i don't want to miss your site in the future, you guys are indeed a better version of pinnacle.

Please excuse my english/grammar, i hope you get the message.

Kind regards

sirvish

[FairlaySupport]

Hey fairlay,

I just wanted to thank you for providing such a great service. I've been using fairlay for almost one year now, and i have to say that you are indeed a must have bookie/prediction site.
Never had a problem, all withdrawals were processed instantly, bets get settled very fast and your odds are just like pinnacles or even better.

Since i am not allowed to use pinnacle anymore there wasn't really a reliable alternative on the FIAT bookie market for me. So i found out about fairlay, gave it a go and didn't regret it.

However, i don't really understand why there is such a low matched market volume on your site, it's really saddening to see that your site doesn't have the player volume it deserves.

I hope that your business is doing well because i don't want to miss your site in the future, you guys are indeed a better version of pinnacle.

Please excuse my english/grammar, i hope you get the message.

Kind regards

sirvish

Thank you for your kind words.  We intend to stay, so no need to worry !  We are doing well and more developers than ever before are working on Fairlay right now. The official launch is planned for end of May. We will also intensify our efforts to get more users after that by doing more advertisement.  We are currently doing close to none.

[kobe24]

Hi fairlay im trying to bet on your site when i click on lay button there is a minimum amount to bet and i can't change that amount it get backs to 2mbtc.

[FairlaySupport]

Hi fairlay im trying to bet on your site when i click on lay button there is a minimum amount to bet and i can't change that amount it get backs to 2mbtc.

You can't bet below that!
Winnings and Stake of any bet must be 2mBTC or greater.

[fishmanlokk]

why it take so long to deposit bitcoin into fairlay??
please help~~~

id:poorcharlie

[FairlaySupport]

why it take so long to deposit bitcoin into fairlay??
please help~~~

id:poorcharlie

There aren't any issues with deposits. Is this resolved?

[fishmanlokk]

why it take so long to deposit bitcoin into fairlay??
please help~~~

id:poorcharlie

There aren't any issues with deposits. Is this resolved?

yes, it is resolved.
The problem come from bitcoinblackjack side instead of fairlay. it took around 24 hours to withdraw the fund...

thank you for your help in weekend holiday.

[fishmanlokk]

https://holland.pk/jhmkuw9e

remark: in "My Deposits", if sort "date" by asc. order, the result would be messy.

 

[erol34]

Any chance you could offer users the option to display all amounts in the currency of their choosing?  Many of us do not follow the value of BTC day-to-day (or minute-to-minute in some cases), so it would be handy not to have to convert mentally every bet into your home currency before placing it.

[FairlaySupport]

remark: in "My Deposits", if sort "date" by asc. order, the result would be messy.

 

we will fix this with out official launch

@erol  BTC/USD is quite stable and we do not want to add unnecessary complexity. So we are not going to implement it unless more people ask for it.