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

[junoreactor]

So in this screenshot, am I betting NC State +5 at -171 odds?

Yes that is correct, you are betting on the other team (NC State) with a handicap of +5 at -171. 

THANK YOU!

So would you say the fact that I clicked the "bet against +171" square and then an input box with odds -171 comes up.  Wouldn't you say that's a bug or at the very least counter-intuitive?  I don't get that at all!

I'll send you a private message, check your inbox. I got a table for you to understand the equivalencies .

[Samarkand]

Could you tell your market makers that they should consider seeding the horse betting markets
with more liquidity?

Right now I want to place a bet on a horse race that starts in roughly 25 minutes.
It´s not an exotic event, but rather the opening race of the racing day at
Ascot (one of the more prominent racing stops).

On the favorite (Alaadeel) I can place only a paltry 6 mBTC. This is not, because someone
took away the available liquidity (the market has no bets as of now), but rather
because the market maker didn´t offer more than 6 mBTC.
I can understand when the market maker doesn´t want to expose himself on a longshot,
but I´m talking about the favorite here.

[BigBoy89]

Could you tell your market makers that they should consider seeding the horse betting markets
with more liquidity?

Right now I want to place a bet on a horse race that starts in roughly 25 minutes.
It´s not an exotic event, but rather the opening race of the racing day at
Ascot (one of the more prominent racing stops).

On the favorite (Alaadeel) I can place only a paltry 6 mBTC. This is not, because someone
took away the available liquidity (the market has no bets as of now), but rather
because the market maker didn´t offer more than 6 mBTC.
I can understand when the market maker doesn´t want to expose himself on a longshot,
but I´m talking about the favorite here.

I'm supporting your request. A month ago I tried to sue Fl for horses but the liquidity totally sucks. And horses are event who are attracting X00,000 pound on every start on betfair.

[FairlaySupport]

Could you tell your market makers that they should consider seeding the horse betting markets
with more liquidity?

Right now I want to place a bet on a horse race that starts in roughly 25 minutes.
It´s not an exotic event, but rather the opening race of the racing day at
Ascot (one of the more prominent racing stops).

On the favorite (Alaadeel) I can place only a paltry 6 mBTC. This is not, because someone
took away the available liquidity (the market has no bets as of now), but rather
because the market maker didn´t offer more than 6 mBTC.
I can understand when the market maker doesn´t want to expose himself on a longshot,
but I´m talking about the favorite here.

We have several market makers in the horse racing section. If you provide a link to the market we can notify the market maker.

[lsqgoddess]

Is this betting on blockchain? Or only use bitcoin to bet on your site?

[FairlaySupport]

Regarding the upcoming hard fork:

We will most likely switch to the SegWit2X blockchain. In that case those bets that were placed before the hard fork and settled after it will only be settled on the SegWit2X chain and will be voided on the legacy chain.

We are once more asking all users to pull their support from all Core developers who are working for Blockstream. These developers have a serious conflict of interest and are unfit to lead the Bitcoin development.

Our ticker symbol for SegWit2X will be BTC.  Legacy Bitcoin will be made available for withdraw and to trade against BTC (2X).

We will write a blog post once our decision is final.

Further announcements will be posted on our blog from now on: http://blog.fairlay.com/

[25hashcoin]

Any plans for Bitcoin Cash support?

[junoreactor]

Regarding the upcoming hard fork:

We will most likely switch to the SegWit2X blockchain. In that case those bets that were placed before the hard fork and settled after it will only be settled on the SegWit2X chain and will be voided on the legacy chain.

We are once more asking all users to pull their support from all Core developers who are working for Blockstream. These developers have a serious conflict of interest and are unfit to lead the Bitcoin development.

Our ticker symbol for SegWit2X will be BTC.  Legacy Bitcoin will be made available for withdraw and to trade against BTC (2X).

We will write a blog post once our decision is final.

Further announcements will be posted on our blog from now on: http://blog.fairlay.com/

Hi Support,
I am still a very beginner in the bitcoin world and do not understand what this means.
I am in this situation, since I placed bets on Trump to be president in 2018, so markets settled in January.
In which way do I get affected? (i have a wallet at blockchain).

Thanks for your reply.

[Itty Bitty]

Regarding the upcoming hard fork:

We will most likely switch to the SegWit2X blockchain. In that case those bets that were placed before the hard fork and settled after it will only be settled on the SegWit2X chain and will be voided on the legacy chain.

We are once more asking all users to pull their support from all Core developers who are working for Blockstream. These developers have a serious conflict of interest and are unfit to lead the Bitcoin development.

Our ticker symbol for SegWit2X will be BTC.  Legacy Bitcoin will be made available for withdraw and to trade against BTC (2X).

We will write a blog post once our decision is final.

Further announcements will be posted on our blog from now on: http://blog.fairlay.com/

Are you saying that if someone bet 1 BTC before chainsplit to win 1 BTC, and the bet wins and is settled after chain split, you will return 1 legacy BTC (voided part of bet) and 2 Segwit2x tokens to the user?

[Hatcher]

Well, it's been fun, Fairlay, but this is the final straw. You've let politics poison your judgement to the point where you think it's acceptable for players who bet BTC to get their winnings paid in an altcoin.

Hasta la vista, baby!

[junoreactor]

Well, it's been fun, Fairlay, but this is the final straw. You've let politics poison your judgement to the point where you think it's acceptable for players who bet BTC to get their winnings paid in an altcoin.

Hasta la vista, baby!

I have 0.3 Btc pending at Fairlay, should be 0.33 Btc if my bets wins, which will be the case (Trump to be president in january 2018). I won't be able to withdraw in Btc? What is this?

[junoreactor]

If this is the case, I would like to trade by bets immediately and withdraw before the switch,
Thanks.

[FairlaySupport]

Well, it's been fun, Fairlay, but this is the final straw. You've let politics poison your judgement to the point where you think it's acceptable for players who bet BTC to get their winnings paid in an altcoin.

Hasta la vista, baby!

I have 0.3 Btc pending at Fairlay, should be 0.33 Btc if my bets wins, which will be the case (Trump to be president in january 2018). I won't be able to withdraw in Btc? What is this?

We will settle the Trump to be president in january 2018  market in both currencies though it's more complicated for us. Given the large volume and the fact that the outcome of the market will be almost certain and no further volume can be expected. 

[junoreactor]

Well, it's been fun, Fairlay, but this is the final straw. You've let politics poison your judgement to the point where you think it's acceptable for players who bet BTC to get their winnings paid in an altcoin.

Hasta la vista, baby!

I have 0.3 Btc pending at Fairlay, should be 0.33 Btc if my bets wins, which will be the case (Trump to be president in january 2018). I won't be able to withdraw in Btc? What is this?

We will settle the Trump to be president in january 2018  market in both currencies though it's more complicated for us. Given the large volume and the fact that the outcome of the market will be almost certain and no further volume can be expected. 

Thanks for your quick reply. Sounds good

[m4king]

What will you do if neither chain dies but Bitcoin Legacy ends up having a higher price and is clearly the dominant chain?

[Itty Bitty]

Regarding the upcoming hard fork:

We will most likely switch to the SegWit2X blockchain. In that case those bets that were placed before the hard fork and settled after it will only be settled on the SegWit2X chain and will be voided on the legacy chain.

We are once more asking all users to pull their support from all Core developers who are working for Blockstream. These developers have a serious conflict of interest and are unfit to lead the Bitcoin development.

Our ticker symbol for SegWit2X will be BTC.  Legacy Bitcoin will be made available for withdraw and to trade against BTC (2X).

We will write a blog post once our decision is final.

Further announcements will be posted on our blog from now on: http://blog.fairlay.com/

Once again I ask you to be crystal clear about the phrase "voided on the legacy chain"

Can you verify this means the legacy bitcoin will be refunded, and one will only have action on the s2x chain (for long term wagers that cross the chain split time)?

Or do you plan on keeping the legacy part of the bet for yourselves?


Thanks for your clarification

[FairlaySupport]

Regarding the upcoming hard fork:

We will most likely switch to the SegWit2X blockchain. In that case those bets that were placed before the hard fork and settled after it will only be settled on the SegWit2X chain and will be voided on the legacy chain.

We are once more asking all users to pull their support from all Core developers who are working for Blockstream. These developers have a serious conflict of interest and are unfit to lead the Bitcoin development.

Our ticker symbol for SegWit2X will be BTC.  Legacy Bitcoin will be made available for withdraw and to trade against BTC (2X).

We will write a blog post once our decision is final.

Further announcements will be posted on our blog from now on: http://blog.fairlay.com/

Once again I ask you to be crystal clear about the phrase "voided on the legacy chain"

Can you verify this means the legacy bitcoin will be refunded, and one will only have action on the s2x chain (for long term wagers that cross the chain split time)?

Or do you plan on keeping the legacy part of the bet for yourselves?


Thanks for your clarification

We do not keep anything for ourselves. If our decision to make SegWit2X  the default currency on Fairlay won't change, we will distribute Legacy Bitcoin according to the total balance of each user at the time of the fork. The total balance is the sum of the available balance and the used balance.  Therefore bets won't be settled in Legacy Bitcoin  but voided and the stake returned (except for the Trump market).  
Our decision which chain we will support is not final yet, but we are leaning towards SegWit2X even if it should have slightly less than 50% of the market cap in the beginning.

[thegreen]

Could you tell your market makers that they should consider seeding the horse betting markets
with more liquidity?

Right now I want to place a bet on a horse race that starts in roughly 25 minutes.
It´s not an exotic event, but rather the opening race of the racing day at
Ascot (one of the more prominent racing stops).

On the favorite (Alaadeel) I can place only a paltry 6 mBTC. This is not, because someone
took away the available liquidity (the market has no bets as of now), but rather
because the market maker didn´t offer more than 6 mBTC.
I can understand when the market maker doesn´t want to expose himself on a longshot,
but I´m talking about the favorite here.

We have several market makers in the horse racing section. If you provide a link to the market we can notify the market maker.

The UK racing seems to have ok liquidity BUT the USA tracks that have just started popping up if u can inform that market maker to be consist and increase liquidity and post the races earlier as they seem to pop up randomly and late...ty vm

[junoreactor]

Could you tell your market makers that they should consider seeding the horse betting markets
with more liquidity?

Right now I want to place a bet on a horse race that starts in roughly 25 minutes.
It´s not an exotic event, but rather the opening race of the racing day at
Ascot (one of the more prominent racing stops).

On the favorite (Alaadeel) I can place only a paltry 6 mBTC. This is not, because someone
took away the available liquidity (the market has no bets as of now), but rather
because the market maker didn´t offer more than 6 mBTC.
I can understand when the market maker doesn´t want to expose himself on a longshot,
but I´m talking about the favorite here.

We have several market makers in the horse racing section. If you provide a link to the market we can notify the market maker.

The UK racing seems to have ok liquidity BUT the USA tracks that have just started popping up if u can inform that market maker to be consist and increase liquidity and post the races earlier as they seem to pop up randomly and late...ty vm

To be fair even Betfair have shit liquidity on US races. 

[nrd525]

Fairlay, while taking sides on the fork is understandable - you might want to prioritize the winning side.  One way of telling this is to look at where people are actually putting their money on Bitfinex's chain split tokens.  Especially if the volume increases (currently too low - around 800 BTC in the past day). 

The BTC price split on Bitfinex is currently 75% (Original Segwit) / 25 % (Segwit 2X)