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Topic: [ANN] Bookie - The world’s first decentralized betting exchange. - page 2. (Read 696 times)

newbie
Activity: 115
Merit: 0
Do you find yourself wondering what a Peerplays Witness is?

We have the answer!

Read about it in this article on Steemit: http://ow.ly/vNhj30iGPaX
newbie
Activity: 115
Merit: 0
The planned Bookie affiliate program is unlike anything else before it.

Interested?

Read more here: https://steemit.com/affiliate/@bookieapp/bookie-affiliate-program-coming-soon
newbie
Activity: 115
Merit: 0
Hi Tipstar!

Yes, Bookie runs on the Peerplays blockhain. But Bookie will not have its own token to bet with. Instead Bookie will allow users to deposit, bet and withdraw with BTC only. After launch, the plan is for Bookie to build out support for other digital currencies, but at launch it's a simple BTC play.

Dapps are indeed the future of betting and we'll be seeing lot of competition in this sector.
So you have created your own blockchain and your own token to host your dapp(s) and your token would be the only currency to bet with?
sr. member
Activity: 1890
Merit: 300
Free City Individual
Dapps are indeed the future of betting and we'll be seeing lot of competition in this sector.
So you have created your own blockchain and your own token to host your dapp(s) and your token would be the only currency to bet with?
member
Activity: 153
Merit: 23
Interesting concept but you will need to be more present in the forum before people start trusting you.
Good luck with this project!
member
Activity: 616
Merit: 11
Bookie Beta Phase 1: Recap

From February 1st to 13th, 2018, the Peerplays Blockchain Standards Association (PBSA) oversaw Beta Phase 1 for Bookie, the sports betting exchange built on the Peerplays blockchain. Contributions came from a diverse group of individuals - professional bettors, software developers, affiliate marketers, cryptocurrency & blockchain enthusiasts, and third-party partners of PBSA.

And what a great group! As expected - even exceeding expectations - the beta testers provided solid and detailed feedback.

“We're really impressed with the quality of the feedback during the beta testing. User testing is such an important element of product development and one which we will be returning to in the coming months as the Bookie app progresses,” said Allyson White, QA Lead at PBSA.

Participants in Bookie Beta Phase 1 were provided with the following guideline document:
https://peerplays.atlassian.net/wiki/spaces/PD/pages/35520732/Extended+Beta+Testing+Information

When testing began, each beta tester was given 1 Bitcoin to bet with and had their choice of American Football (the Super Bowl!), Soccer (EPL), and Basketball (NBA), depending on the day. Over the course of two weeks, testers were encouraged to place as many bets as possible and to experience as much of the app as they could.

Feedback emails started in almost immediately, and right away we knew Beta Phase 1 was going to be a success in terms of information gathered.

Some key issues raised by beta testers from the feedback:

Settled bets did not immediately show up in My Bets (To specifically monitor event settling, Quality Assurance manually triggered the event resolution mechanism. Resolution delays and the symptoms will not be an issue in the future.)
Some markets remained open long after the game had settled (This is a symptom of the issue above)
Small rounding errors with particular combinations of odds and stake
Installation Issues (We are currently in the process of obtaining Windows and Mac Certification)
Transaction fees not showing in betslip
Data presentation improvement in betslip
Stronger error messaging (We are assessing all of our error messaging to make it as detailed as possible)
Update Rules section (Currently we have placeholder information but our team is finalizing this element)
In some instances, the search function within app produced events that already passed
The color scheme of Bookie could use an upgrade (Duly noted!)

We also collected a ton of fantastic feature requests to build out our post MVP roadmap
All in all, this was a successful closed beta, with lots of actionable feedback. We’re still on track to have Bookie ready later this Spring, and can’t wait to share the final product with the world! https://steemit.com/bookieapp/@bookieapp/beta-feedback-recap

newbie
Activity: 115
Merit: 0
Hi Patatas,

Bookie won't provide what you seem to be describing. Bookie is 'another gambling website like betfair' (except it's an app, not a website).

Thanks for your message and your interest in Bookie!
legendary
Activity: 1750
Merit: 1115
Providing AI/ChatGpt Services - PM!
Just wanted to  make something clear (excuse me if it comes off as off-topic)
Is there a way you could support bet matching ? For instance ,I run my own gambling site i.e. I'm  a bookie and I want to match bets so I look for a middle man who places bets for me on another gambling website like betfair.Do you support this model ?
This is how traditionally the system works,does decentralised modal change any of this ?
newbie
Activity: 115
Merit: 0
Hi leea-1334, thanks for your msg (and for helping out with an answer!).

You're correct in your assessment of Bookie - no house, bettors bet against each other, etc. We (PBSA) are still finalizing details of Bookie, including commission. We will, however, post that information here (and on Twitter, Steemit, and so on) as soon this has been determined.

As for the odds - on a betting exchange, that's for the users to decide. There's been a lot of market makers expressing interest in Bookie and we expect to see some very competitive prices and percentages. Time will tell! For some more info, please take a look at the Bookie Newsletter that went out today.

Thanks for your interest in Bookie!

Sounds like p2p all right, where there is no house, and players are betting against each other. I agree this is the best model and betfair is the one that successfully introduce it for many years with few issues. I would say this is safer in the sense there is no casino to trust, and if everything only relies on the coding. Of course, the exchange takes their commission/fee, in which case I am going to ask one question here: how much is the fee or commission you take?

If I was going to switch, there is only one reason: better odds,,, it is the only reason I change bookies and casinos. Better odds or lower edges.
newbie
Activity: 115
Merit: 0
Hi MineThatCoin!

Bookie is a betting exchange with no "house." So yes, bettors are betting against each other, as @leea-1334 pointed out (thanks!).


Sounds like p2p all right, where there is no house, and players are betting against each other. I agree this is the best model and betfair is the one that successfully introduce it for many years with few issues. I would say this is safer in the sense there is no casino to trust, and if everything only relies on the coding. Of course, the exchange takes their commission/fee, in which case I am going to ask one question here: how much is the fee or commission you take?

If I was going to switch, there is only one reason: better odds,,, it is the only reason I change bookies and casinos. Better odds or lower edges.
newbie
Activity: 115
Merit: 0
The pressure has been on at Bookie!

Beta testing, London Affiliate Conference and more!

Read about it in our latest newsletter: https://mailchi.mp/09f6d9597de1/bookie-update-february-23-2018
hero member
Activity: 2296
Merit: 953
Temporary forum vacation
Sounds like p2p all right, where there is no house, and players are betting against each other. I agree this is the best model and betfair is the one that successfully introduce it for many years with few issues. I would say this is safer in the sense there is no casino to trust, and if everything only relies on the coding. Of course, the exchange takes their commission/fee, in which case I am going to ask one question here: how much is the fee or commission you take?

If I was going to switch, there is only one reason: better odds,,, it is the only reason I change bookies and casinos. Better odds or lower edges.
newbie
Activity: 3
Merit: 0
Is that peer-to-peer betting?
full member
Activity: 369
Merit: 111
The development of decentralized betting exchanges/prediction markets is very exciting to me. Is this sort of like Betfair, where we trade amongst ourselves, and you take a commission from the winners? What are the fees going to look like?
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
Quote
But with Bookie there is no house. Instead, Bookie matches your bet with other users who want to bet against you. Betting exchanges provide the user with huge flexibility - you can bet FOR Team A to win (“back Team A”) or AGAINST Team A winning (“lay Team A”).
How many bookies are even reliable out there ? I don't understand the system and it is not clearly expressed how 'decentralised' the system could be when you're giving the control our certain set of people.IMHO house does a better job at this.Why would an average better like me care who holds my money as long as I'm getting good odds and a trusted environment.

Because the environment is only trusted until it isn't.
Decentralised system are always good,  whether it's to avoid BBJ Jackpot not being paid out, Mt.Gox, or govermentaly enforced inflation (theft).

Who the hell are you giving control to if it's on the chain o.o
legendary
Activity: 1750
Merit: 1115
Providing AI/ChatGpt Services - PM!
Quote
But with Bookie there is no house. Instead, Bookie matches your bet with other users who want to bet against you. Betting exchanges provide the user with huge flexibility - you can bet FOR Team A to win (“back Team A”) or AGAINST Team A winning (“lay Team A”).
How many bookies are even reliable out there ? I don't understand the system and it is not clearly expressed how 'decentralised' the system could be when you're giving the control our certain set of people.IMHO house does a better job at this.Why would an average better like me care who holds my money as long as I'm getting good odds and a trusted environment.
newbie
Activity: 115
Merit: 0
"While exchanges have never been for the casual punter, a blockchain-based exchange has the potential to reach younger, tech- and value-savvy customers who are turned off by the traditional sportsbook offering."

Read the whole article, originally posted in iGaming Business: Issue #108, here: https://www.peerplays.com/4042-2/
newbie
Activity: 115
Merit: 0
“Blockchains and betting exchanges make a very natural pairing as it is possible to use a blockchain to securely process the huge volumes of transactions an exchange requires.”

Read the full article, originally posted on EGR, here: https://www.peerplays.com/reinventing-betting-exchange/

newbie
Activity: 115
Merit: 0
It is only limited as an app?
And who is the team exactly who are behind this PPY betting exchange?
It is a new venture in the market so just wish you had done an ICO for it or something like this when I first hear about this.
It is a different take on your normal sportsbetting site/app from a peer to peer interface.

Hi Lionidas,
Yes, it's a desktop app, and will be available for Window and Mac.
We are the [Peerplays Blockchain Standards Association](http://www.pbsa.info), the non-profit advocate of the Peerplays blockchain. The Bookie sports betting exchange is to be an open-source desktop DApp (Decentralized Application) built on the the Peerplays blockchain. Launch is scheduled for this Spring, and beta testing will commence in a few weeks.
Thanks!
hero member
Activity: 1008
Merit: 1012
It is only limited as an app?
And who is the team exactly who are behind this PPY betting exchange?
It is a new venture in the market so just wish you had done an ICO for it or something like this when I first hear about this.
It is a different take on your normal sportsbetting site/app from a peer to peer interface.
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