Pages:
Author

Topic: BetMoose.com - Betting Exchange | Prediction Market | Real World Events | P2P - page 6. (Read 31832 times)

hero member
Activity: 770
Merit: 500
Your site looks great in that green color. Most of what you need can be seen on the landing page. As far as I understand I may bet on anything so long as I have someone to bet against ? So I could bet I win a game of cod ? Or counter strike or league of legends ?
I could eben bet what time I wake up in the morning lol. Ok that would be hard to prove but I have the right idea right ?

Just want to say that's awesome and I'll give you guys a few goes in the next 2 weeks or so. Smiley
sr. member
Activity: 372
Merit: 250
Real Bets. Real People. By Anyone, on anything
Withdrawals/Deposits were fixed on the 18th. Please let us know via email if you're still having any issues!
full member
Activity: 608
Merit: 100
withdrawals/deposits are still waiting.
What about manually processing/returning them?
full member
Activity: 608
Merit: 100
thanks!  responsiveness appreciated
sr. member
Activity: 372
Merit: 250
Real Bets. Real People. By Anyone, on anything
Actually technically this is exactly what is going on. We self-host our node locally through the help of some of our partners on a quad core RAID10 machine on a 100Mbps connection and the BC is at about 400K/450 blocks right now indexed. We blame a lack of proper alternatives in the bitcoin ecosystem that allow for use cases like ours.

Sorry for the wait.

Adam
full member
Activity: 608
Merit: 100
"8/15/2016 - Please note deposits and withdrawals may be temporarily delayed while our primary node resyncs with the blockchain."
Why publish an excuse? Technically this is unlikely* and would have be done much sooner.  (*If your primary node is any more than a virtual server hosting for $1/month.)
Thanks
full member
Activity: 217
Merit: 100
thinking about checking this place out... thoughts? how are the payouts?
sr. member
Activity: 372
Merit: 250
Real Bets. Real People. By Anyone, on anything
incorrect payouts

https://www.betmoose.com/bet/bitcoin-to-top-600-before-aug-2016-1878

The bet says any bets within a week of $600 for YES will be refunded. So 600 happened 11th June, therefore all bets for YES from 5th - 11th June should be refunded if you follow the terms of this bet.

fix please

Hi etile - we fixed this earlier. You can feel free to email us to get in touch with support - that is the fastest way.

Thanks
newbie
Activity: 45
Merit: 0
incorrect payouts

https://www.betmoose.com/bet/bitcoin-to-top-600-before-aug-2016-1878

The bet says any bets within a week of $600 for YES will be refunded. So 600 happened 11th June, therefore all bets for YES from 5th - 11th June should be refunded if you follow the terms of this bet.

fix please
sr. member
Activity: 372
Merit: 250
Real Bets. Real People. By Anyone, on anything
I just came across your site today.  It was the moose that peaked my interest.  It looks like a nice betting platform/prediction market.  I'm particularly interested in some of the bets related to bitcoin, like the possible hard fork and when the next halving will be.  Now I know where to go when I want to bet on something random.

EDIT: I have one question.  How do you ensure that the person who created the bet resolves the bet conclusion honestly?

We're glad you like the Moose Smiley

Please see https://www.betmoose.com/faq#hosting6

In short; hosts make a small commission from their bets, and we have a reputation system in place.
hero member
Activity: 616
Merit: 500
I AM A SCAMMER
I just came across your site today.  It was the moose that peaked my interest.  It looks like a nice betting platform/prediction market.  I'm particularly interested in some of the bets related to bitcoin, like the possible hard fork and when the next halving will be.  Now I know where to go when I want to bet on something random.

EDIT: I have one question.  How do you ensure that the person who created the bet resolves the bet conclusion honestly?
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
I like the site, it seems a good idea, I really lke exchanges, and there aren't many in the BTC world, at least that I'm aware of.
But I did not understood how it worked. I'm used to see odds etc, so I know what I can win, but I saw nothing like that there.

Glad you like it. We have 2 bet types: Parimutuel and Fixed Odds. Here's an example of a Fixed Odds bet which you should be able to understand:

___________US Election winning party - Fixed odds
Options: Democrats | Republicans | Independent

More details showing the difference here: https://www.betmoose.com/faq#betting1

Thanks for the reply. I read and explored that part a bit. The fixed odds are normal as you said, but the other ones are a little tricky lol
It looks more suited to trading witch is nice, but even there it's still a little confusing. You could add a video with a tutorial or something like that I don't know.
sr. member
Activity: 372
Merit: 250
Real Bets. Real People. By Anyone, on anything
About fees...

So, I had my first bets settled, they were fixed odds bets and to my surprise it seems I have been charged a 3% fee on the total returns, including my stake!  Shocked

Is that right?

Maybe it was naive but I was expecting the fee to be applied to winnings only, not the stake!

Fee is pretty easy to interpret - it is 3% taken from all bets. So yes, it would be deducted off the total payout (which would include your initial stake). Note however you will never get less than what you bet. So if you bet 1BTC and total payout was supposed to be 1.01 BTC, you will in fact receive exactly 1 BTC.

Not sure what the issue here is as that fee is also shared with the author of the bet, and is fairly low (compare that to 10%+ fee to some other real-events-betting sites)..
Thanks for the quick reply.

Just a suggestion, would you consider changing the fee structure on Fixed Odds bets? For example to a 5% flat fee on winnings only and the host gets nothing.

The host is offering the betting book, their cut is in the odds they offer.

I've never come across a bookie or exchange that charges fees on staked money before and this does not encourage action from backers or layers, in fact it make you uncompetitve when it comes to Fixed Odds.

A bet at odds 1.20x (-500 US Odds) has an effective fee of 18% under the current system.

Let me be clear I am not talking about Parimutuel Propositions and in fact I like the way that works on your site.

Cheers,

m4king.

Anyone can offer/lay on any prop, so the host does not have any advantage there. We believe authors should get paid as it is their creativity and most importantly, marketability that drive traffic to our site.

You're right that is a relatively high fee when odds are low, however, the opposite is the case when you are betting anywhere above even money (2.00x odds or above). That said, it's valid feedback and we haven't considered it as you described. Unfortunately it's unlikely we'll make any modifications as all of our accounting is done based on bet volumes, not [payout - stake]. For example, we also pay out 0.6% of that amount to users who have arrived through referrals/affiliates links. We also can't really afford to lower as all of our fees combined right now just barely sustain our costs (all of our staff are volunteers for example).

Adam
legendary
Activity: 3808
Merit: 1723
Well alot of people don't like Trump, especially most of the minorities but he is really strict against war on terrorism. So if there are more terroristic attacks around the world, he will most likely take the lead.
newbie
Activity: 30
Merit: 0
About fees...

So, I had my first bets settled, they were fixed odds bets and to my surprise it seems I have been charged a 3% fee on the total returns, including my stake!  Shocked

Is that right?

Maybe it was naive but I was expecting the fee to be applied to winnings only, not the stake!

Fee is pretty easy to interpret - it is 3% taken from all bets. So yes, it would be deducted off the total payout (which would include your initial stake). Note however you will never get less than what you bet. So if you bet 1BTC and total payout was supposed to be 1.01 BTC, you will in fact receive exactly 1 BTC.

Not sure what the issue here is as that fee is also shared with the author of the bet, and is fairly low (compare that to 10%+ fee to some other real-events-betting sites)..
Thanks for the quick reply.

Just a suggestion, would you consider changing the fee structure on Fixed Odds bets? For example to a 5% flat fee on winnings only and the host gets nothing.

The host is offering the betting book, their cut is in the odds they offer.

I've never come across a bookie or exchange that charges fees on staked money before and this does not encourage action from backers or layers, in fact it make you uncompetitve when it comes to Fixed Odds.

A bet at odds 1.20x (-500 US Odds) has an effective fee of 18% under the current system.

Let me be clear I am not talking about Parimutuel Propositions and in fact I like the way that works on your site.

Cheers,

m4king.
sr. member
Activity: 372
Merit: 250
Real Bets. Real People. By Anyone, on anything
I like the site, it seems a good idea, I really lke exchanges, and there aren't many in the BTC world, at least that I'm aware of.
But I did not understood how it worked. I'm used to see odds etc, so I know what I can win, but I saw nothing like that there.

Glad you like it. We have 2 bet types: Parimutuel and Fixed Odds. Here's an example of a Fixed Odds bet which you should be able to understand:

___________US Election winning party - Fixed odds
Options: Democrats | Republicans | Independent

More details showing the difference here: https://www.betmoose.com/faq#betting1
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
I like the site, it seems a good idea, I really lke exchanges, and there aren't many in the BTC world, at least that I'm aware of.
But I did not understood how it worked. I'm used to see odds etc, so I know what I can win, but I saw nothing like that there.
sr. member
Activity: 372
Merit: 250
Real Bets. Real People. By Anyone, on anything
About fees...

So, I had my first bets settled, they were fixed odds bets and to my surprise it seems I have been charged a 3% fee on the total returns, including my stake!  Shocked

Is that right?

Maybe it was naive but I was expecting the fee to be applied to winnings only, not the stake!

Fee is pretty easy to interpret - it is 3% taken from all bets. So yes, it would be deducted off the total payout (which would include your initial stake). Note however you will never get less than what you bet. So if you bet 1BTC and total payout was supposed to be 1.01 BTC, you will in fact receive exactly 1 BTC.

Not sure what the issue here is as that fee is also shared with the author of the bet, and is fairly low (compare that to 10%+ fee to some other real-events-betting sites)..
hero member
Activity: 905
Merit: 502
I miss dooglus
About fees...

So, I had my first bets settled, they were fixed odds bets and to my surprise it seems I have been charged a 3% fee on the total returns, including my stake!  Shocked

Is that right?

Maybe it was naive but I was expecting the fee to be applied to winnings only, not the stake!


the world runs on fees
newbie
Activity: 30
Merit: 0
About fees...

So, I had my first bets settled, they were fixed odds bets and to my surprise it seems I have been charged a 3% fee on the total returns, including my stake!  Shocked

Is that right?

Maybe it was naive but I was expecting the fee to be applied to winnings only, not the stake!
Pages:
Jump to: