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

[FairlaySupport]

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)

Yes the price will be of course the main indicator  which side we will choose.   If SegWit2X will only have a market cap of 20% we will probably stay in Legacy Bitcoin.    However keep in mind that the terms on Bitfinex  are unfair towards 2X.    The possibility that one of the sides gives in or that a compromise is found  is still not too small and in that case Bitfinex 2X tokens are rendered worthless. That's why the price there should be handled with caution.   

[tenakha]

Can someone from support respond to my case please? There are some errors which site calculated my profit with low odd.I enjoy from betting but this type errors irritate me. Thanks!

[FairlaySupport]

Can someone from support respond to my case please? There are some errors which site calculated my profit with low odd.I enjoy from betting but this type errors irritate me. Thanks!

Which case? Best you come to the public support channel.

[adaseb]

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.

Basically in the next 40 days it will bring alot of uncertaintely for services and exchanges since its still very difficult to tell what will come of this Segwit2X fork.

It would of been alot better to just postpone the fork until next year. Because unlike the BCASH fork,  there is no emergency difficulty adjustment.

And what will happen will be a miss since both chains cannot run at the current huge difficulty without massive slowdown.

[Samarkand]

...

Basically in the next 40 days it will bring alot of uncertaintely for services and exchanges since its still very difficult to tell what will come of this Segwit2X fork.

It would of been alot better to just postpone the fork until next year. Because unlike the BCASH fork,  there is no emergency difficulty adjustment.

And what will happen will be a miss since both chains cannot run at the current huge difficulty without massive slowdown.

The Bitcoin price has increased nearly 6 % today. This suggests that many investors are not worried about the fork at all.
Big holders can expect a huge windfall of coins if the fork actually happens. If both coins will be trading for several thousand dollars
per coin and you sell your coins on one chain for coins on the other chain you can potentially increase your stash of your preferred
BTC coins by 50% or more.

No replay protection also isn´t a really problem if you decide to leave the coins on both chains untouched for a few days or weeks
until the dust has settled.

[FairlaySupport]

...

Basically in the next 40 days it will bring alot of uncertaintely for services and exchanges since its still very difficult to tell what will come of this Segwit2X fork.

It would of been alot better to just postpone the fork until next year. Because unlike the BCASH fork,  there is no emergency difficulty adjustment.

And what will happen will be a miss since both chains cannot run at the current huge difficulty without massive slowdown.

The Bitcoin price has increased nearly 6 % today. This suggests that many investors are not worried about the fork at all.
Big holders can expect a huge windfall of coins if the fork actually happens. If both coins will be trading for several thousand dollars
per coin and you sell your coins on one chain for coins on the other chain you can potentially increase your stash of your preferred
BTC coins by 50% or more.

No replay protection also isn´t a really problem if you decide to leave the coins on both chains untouched for a few days or weeks
until the dust has settled.

There will probably be an address (3Bit1xA4apyzgmFNT2k8Pvnd6zb6TnwcTi) , if included as output, makes the transaction invalid on the SegWit2X chain. So splitting your coins is very easy.  The whole no-strong-replay-protection argument is fake. SegWit2X was designed to be Bitcoin, take over the BTC symbol and be compatible with all wallets and therefore must not have replay protection.

[Samarkand]

...

There will probably be an address (3Bit1xA4apyzgmFNT2k8Pvnd6zb6TnwcTi) , if included as output, makes the transaction invalid on the SegWit2X chain. So splitting your coins is very easy.  The whole no-strong-replay-protection argument is fake. SegWit2X was designed to be Bitcoin, take over the BTC symbol and be compatible with all wallets and therefore must not have replay protection.

Interesting, I wasn´t aware of that!

I ultimately think that the outcome of the fork will depend on the exchanges. If they list SegWit2x as BTC the outcome should be pretty clear.
Do you think the big exchanges will do this? Bitfinex is as far as I know the only big exchange that has already released a statement and it was
pretty ambiguous.

Additionally, it amazes me how divided the community is on the whole fork topic (even more than on the Bitcoin Cash hard fork). If we only look at gambling site / prediction market operators we have a few
sites like Fairlay that favor SegWit2x and on the other hand several owners, who heavily oppose it.

[Barnstorm]

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!

Maybe, but this is how the exchange view works (as implemented on Betfair, Betdaq, Matchbook, Smarkets and many more).  +171  are the odds someone else is asking for.   We will however follow matchbook and offer a bookmaker view soon  for users who are not used to it.

I do not see the Bookmaker View option available. Is it there somewhere or in the works? Thanks for that. I think that will help, especially with newbies.

[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!

Maybe, but this is how the exchange view works (as implemented on Betfair, Betdaq, Matchbook, Smarkets and many more).  +171  are the odds someone else is asking for.   We will however follow matchbook and offer a bookmaker view soon  for users who are not used to it.

I do not see the Bookmaker View option available. Is it there somewhere or in the works? Thanks for that. I think that will help, especially with newbies.

The bookmaker view is in the betslip, after you click on the selection to Lay (if my memory is correct).

[FairlaySupport]

The betslip was recently updated but the real bookmaker view is still in the making.

[adaseb]

...

Basically in the next 40 days it will bring alot of uncertaintely for services and exchanges since its still very difficult to tell what will come of this Segwit2X fork.

It would of been alot better to just postpone the fork until next year. Because unlike the BCASH fork,  there is no emergency difficulty adjustment.

And what will happen will be a miss since both chains cannot run at the current huge difficulty without massive slowdown.

The Bitcoin price has increased nearly 6 % today. This suggests that many investors are not worried about the fork at all.
Big holders can expect a huge windfall of coins if the fork actually happens. If both coins will be trading for several thousand dollars
per coin and you sell your coins on one chain for coins on the other chain you can potentially increase your stash of your preferred
BTC coins by 50% or more.

No replay protection also isn´t a really problem if you decide to leave the coins on both chains untouched for a few days or weeks
until the dust has settled.

There will probably be an address (3Bit1xA4apyzgmFNT2k8Pvnd6zb6TnwcTi) , if included as output, makes the transaction invalid on the SegWit2X chain. So splitting your coins is very easy.  The whole no-strong-replay-protection argument is fake. SegWit2X was designed to be Bitcoin, take over the BTC symbol and be compatible with all wallets and therefore must not have replay protection.

Yes but in my opinion the replay protection should be more "idiot-proof".

To the average bitcoiner its not easy to implent this when somebody sends a transaction.

I honestly don't understand why the huge fuss is with replay protection. Even with Bitcoin CASH it was an issue at first where they didn't want to implement it, they only added it later.

Same with SEGWIT2X, it was a pain getting them to add some form of replay protection.

[Itty Bitty]

"I honestly don't understand why the huge fuss is with replay protection. Even with Bitcoin CASH it was an issue at first where they didn't want to implement it, they only added it later."


I think all wallet software needs to be re-written to accomadate this feature.

You can't send bitcoin cash with a legacy bitcoin wallet. That's a lot of work for the ecosystem (upgrading wallets), so the B2X team (one developer, last I heard) is just trying to jam B2X as the new BTC, and this way the wallets can stay as is. I may be wrong, but this is how I understand it.

[nrd525]

This Ether futures market used to have a 5% or so gap between bids and asks.  But now it is over 60%.  Needs a market maker!

https://old.fairlay.com/market/ethereum-future/

[Barnstorm]

Will we be credited with Bitcoin Gold? Or do we need to move our BTC and BCH to a wallet?

How about B2X?

Thanks!

[FairlaySupport]

Will we be credited with Bitcoin Gold? Or do we need to move our BTC and BCH to a wallet?

How about B2X?

Thanks!

SegWit2X will be supported. Bitcoin Gold seems insiginficant and we will most likely not support it. Please withdraw your BTC.

[junoreactor]

Will we be credited with Bitcoin Gold? Or do we need to move our BTC and BCH to a wallet?

How about B2X?

Thanks!

SegWit2X will be supported. Bitcoin Gold seems insiginficant and we will most likely not support it. Please withdraw your BTC.

Hi Support,
Sorry to bother, but can you please confirm that all bets on Trump paid on January 1st will be settled and paid in BTC?
Thanks.

[FairlaySupport]

Will we be credited with Bitcoin Gold? Or do we need to move our BTC and BCH to a wallet?

How about B2X?

Thanks!

SegWit2X will be supported. Bitcoin Gold seems insiginficant and we will most likely not support it. Please withdraw your BTC.

Hi Support,
Sorry to bother, but can you please confirm that all bets on Trump paid on January 1st will be settled and paid in BTC?
Thanks.

Confirmed.  S2X currently trades at 0.15BTC on bitfinex. So it seems like we will stay in BTC. We will make an official announcement at least 1 week before the S2X fork.

[adaseb]

"I honestly don't understand why the huge fuss is with replay protection. Even with Bitcoin CASH it was an issue at first where they didn't want to implement it, they only added it later."


I think all wallet software needs to be re-written to accomadate this feature.

You can't send bitcoin cash with a legacy bitcoin wallet. That's a lot of work for the ecosystem (upgrading wallets), so the B2X team (one developer, last I heard) is just trying to jam B2X as the new BTC, and this way the wallets can stay as is. I may be wrong, but this is how I understand it.

The problem is that you need to understand that most people these days 95% are very new to Bitcoin.

Remember when we just started out with Bitcoin, we had no clue on how to make that work.

For us, its not a big deal because we can easily just send the funds after the fork to a address with a private key we control. But the problem is that most newbies won't know how to do that. They probably didn't even know that a fork just happened.

In my opinion, all these > $1 Billion market cap bitcoin forks/clones, they should just all use the same addresses so people don't get confused.

You send your BTC/BCC/SEGWIT2X/BitcoinGold to one address and whichever chain the service detects it on, that coin get creditted to your account.

[nrd525]

In my opinion, all these > $1 Billion market cap bitcoin forks/clones, they should just all use the same addresses so people don't get confused.

You send your BTC/BCC/SEGWIT2X/BitcoinGold to one address and whichever chain the service detects it on, that coin get creditted to your account.

Using the same address confuses people.  Without replay protection, you send your BitcoinGold to an address and someone else can send your Bitcoins to the same address as well (on a different block chain) without your permission (and you cannot stop them).

[nakisama]

hey, how long until this market gets settled?

You should have some kind of alerts to know if market is over or not
https://old.fairlay.com/market/chelsea-corners-vs-watford-corners-36/