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

[nrd525]

UI Bug - if you have zero funds and try to place an order it will let you do it up to the limit that you have set on your account for doing orders without confirmation.

If your bet equals or exceeds the "confirmation limit" you get the option to "confirm", but clicking on it doesn't do anything.

I'm surprised that bugs like this still exist!  Hasn't the new UI been around for a while...

[danshan11]

you can buy yourself out of a position with 1 mbtc
just buy other side for 1 then 2 then 4 then 8 etc

[danshan11]

UI Bug - if you have zero funds and try to place an order it will let you do it up to the limit that you have set on your account for doing orders without confirmation.

If your bet equals or exceeds the "confirmation limit" you get the option to "confirm", but clicking on it doesn't do anything.

I'm surprised that bugs like this still exist!  Hasn't the new UI been around for a while...

how is that a bug? it does not let you actually place an order it just goes through the process and checks it before it confirms

[nrd525]

When I have zero funds on balance, it lets me place orders smaller than my confirmation limit. It doesn't let me place orders greater than my confirmation limit.  

Also it provides a prompt with two options: cancel and confirm.  The cancel option works and the confirm one does not.  Giving the user an option to choose that does nothing is silly.

Ideally if you have zero funds on balance you should be able to place bets that would reduce your overall position and return funds to your balance.

I think that letting people place bets with zero funds is silly.  I think they are creating bets that become activated when you get funds from settlement of other bets (or deposits), but that seems like a process that could mess up the users when they forget about their outstanding bets.

[danshan11]

When I have zero funds on balance, it lets me place orders smaller than my confirmation limit. It doesn't let me place orders greater than my confirmation limit.  

Also it provides a prompt with two options: cancel and confirm.  The cancel option works and the confirm one does not.  Giving the user an option to choose that does nothing is silly.

Ideally if you have zero funds on balance you should be able to place bets that would reduce your overall position and return funds to your balance.

I think that letting people place bets with zero funds is silly.  I think they are creating bets that become activated when you get funds from settlement of other bets (or deposits), but that seems like a process that could mess up the users when they forget about their outstanding bets.

its simple enough to deposit 1mbtc to clear a position

and the other issue I have no idea I will try and reproduce it and see what happens with no balance and then balance and let fairlay know

[nrd525]

It is silly to have to logon to an exchange, buy 1 mbtc, possibly pay a transfer fee, send it to fairlay and then do multiple trades to clear a position. Especially if you want to clear a larger position using limit orders, you'll either be waiting a long period or need more funds.

Currently all of my btc is on Fairlay.  So this also means I get to do another trade on Coinbase and this complicates my capital gain tax spreadsheet (it takes me several hours or more per year to do this - and I only do a very small number of trades).

I'm more active on PredictIt. Their UI has a couple issues, but it definitely handles this matter a lot better.  It also gives you "Shares" in Yes or No which make it a lot easier to see your net position (as this is shown when you are viewing the market) and to close out a position without overshooting or undershooting it.

[danshan11]

that is a valid point, but having 1 mbtc in reserve to solve any position you want out of is not a big ordeal but I understand your point

[nrd525]

Support says: "Unfortunately it's not possible within our system to close your position. You can only hedge (part of) your funds by placing opposing order."

[nrd525]

There is a strange bug where when I place a maker/taker order for Trump No in the Presidential Election Winner contract it lists it as "Paul Ryan".  It seems to be just a display error, and the order is actually for Trump.  The display fixes if I reload the page.  I've seen this happen 7+ times (every time I place an order).

[nrd525]

A possible very serious bug. I placed four bets for Biden on this market (at 50%) and they were accepted as bets AGAINST Biden.
https://fairlay.com/market/us-president-election-winner-2020/

[danshan11]

Well Biden is -160 so I am not sure how you put a bet in on Biden at 50%

[nrd525]

A possible very serious bug. I placed four bets for Biden on this market (at 50%) and they were accepted as bets AGAINST Biden.
https://fairlay.com/market/us-president-election-winner-2020/

I have been unable to reproduce this bug today. So I was possibly doing a mistake with the UI, but if anyone else ever has an issue like this - please let support know so they can figure it out.

Note: these were limit orders. So I was trying to put them on the order book.

[danshan11]

well if you wanted Biden +100 you are gonna wait a really really long time

[nrd525]

"A possible very serious bug. I placed four bets for Biden on this market (at 50%) and they were accepted as bets AGAINST Biden.
https://fairlay.com/market/us-president-election-winner-2020/"

This happenned to be twice today for smaller bets.  There is a SERIOUS BUG.

[danshan11]

why do you keep posting this over and over?

[nrd525]

I think I've posted it twice (maybe three times at the most?). I would greatly appreciate hearing from anyone else that has had this issue.  

Of my current approximately 40 matched orders, 8 of them have had this issue. So I think it is very serious. I've also seen some other issues which make me question whether Fairlay is investing the resources that they should be to fixing their software.  Besides the 17 mbtc that I've bet going the wrong way, it is also very annoying that I have to break up my bets into small test bets to make sure this problem doesn't happen.

As someone considering betting several bitcoin on this website, and as someone who has been in this crypto space since June 2011, I try my best to evaluate the trustworthiness and security of any project where I am placing my funds.  I place more trust in projects that respond in a positive manner to issues and do their best to fix them.

I am surprised that the Fairlay UI (which is how old?) still has bugs in it.  Either the users aren't bothering to report them, there isn't a significant user base, or the company is not interested enough to fix them.  There is a pattern of bugs that I've found (see my post history). So far none of them are serious except for this one where my orders have been switched.

I think Fairlay has the opportunity to be a GREAT website!!!  For instance, there are possibly thousands of traders from PredictIt who are missing the markets that PredictIt cancelled (tweet markets, debate mentions, and others) and who would be interested in expanding into other predictions beyond those carried on PredictIt.  If Fairlay was to be proactive they should be the destination of choice for these traders.  I'd love to see more markets on international elections, world events, US politics, economics, covid, global warming, and more!

If Fairlay isn't proactive then projects like Augur and Polymarket (and others) will takeover the space.  Currently they have all sorts of lack of userfriendliness. They are overly complex and reliant upon liquidity pools, decentralizations, strange tokens, and more.  Also they have limited number of markets, low liquidity, and highly variable fees that discourage new bettors by making it impractical to just bet $20.  However, they are also backed by potentially large software development budgets (I think).

[nrd525]

I created a market on non-major ("third") party vote. If anyone is interested in bets on this feel free to PM me =)  I could add liquidity if desired.

https://fairlay.com/market/what-percentage-of-the-presidential-vote-will-not-be-for-the-two-major-parties-1/?referral=011cd9eb-20b0-4de0-a519-ecf70a6a8cc0

[danshan11]

you forgot to add the settlement source of the results

[realscout]

hello! could someone guide me how to create markets on sport events correctly? As i cant understand it at all

[Haunebu]

Of my current approximately 40 matched orders, 8 of them have had this issue. So I think it is very serious. I've also seen some other issues which make me question whether Fairlay is investing the resources that they should be to fixing their software.  

I am surprised that the Fairlay UI (which is how old?) still has bugs in it.  Either the users aren't bothering to report them, there isn't a significant user base, or the company is not interested enough to fix them. 

The annoying UI and complicated learning curve has always been an issue with Fairlay, but they have taken us for granted even though many gamblers have reported these issues since they have no competition currently in the crypto betting exchange market.

This could change soon with the launch of Exbet which has a better design and easier learning curve overall. Fairlay needs to seriously reconsider improving their UI.