Hi everyone, I'd just like to thank MineralsPR and the team for living up to their word and reimbursing me the 850 lost minerals after last nights testing of the betting system. Like I said last night, I think the betting system needs to be looked into again. I think the only way it will work is with a matched betting system, so a person can put up as many minerals as they want on a particular outcome, but anything which isn't matched becomes void. I was initially unsure of how the betting system worked last night, whether there was a house or it was matched to other players stakes, but I believe the way you have implimented the betting system with percentages of the pot distributed dependent on the stake made is excellent. It's perfectly fair and noone can complain.
Someone mentioned during the starcraft match, that the players themselves are setting the odds by how much is bet on either outcome. This is a fundamental flaw, as betting doesn't work this way. "Crayon" (the starcraft player) was randomly matched with an unknown opponent prior to betting taking place. This makes the odds 50/50 as noone knows the skill of the person he's playing. So in order to be fair with the way the current betting system works, both outcomes would need to have an equal pot, as bets are not partially matched and voided with the current system. Then both sides would recieve an equal share irrelevant of the outcome. Im not very technical when it comes to coding or anything like that, but I deffinetly think matched betting like an exchange is the way forward.
The idea behind minerals is excellent and very innovative, and the way I look at it, the betting platform is the most important. If matched betting is implimented, many more markets can be available, and players would be able to set their own odds on different outcomes, which after listening last night, seems like the community would like to see.
You shouldn't bet that much... it was really nice of them, but they told everyone about betting more than you are willing to lose... those 850 MIN could be used as bounty or something that could help the coin...