Topic: BetXCP - Signature Contest - $100 Bounty Paid in XCP (Read 1414 times)

I already received the prize as he stated , thankyou.

Thankyou ! Im glad to have to have participated in this awesome contest and the bet site is great, the prize can be paid to xcp address 1JZbis9qE2miNG2F3GN1tVym8EKSqy3Y3Z , looking forward to see the signature campaign soon.

Regards

Congratulations Benjig, you're the official winner! I'll review the code tonight and pay out your reward tomorrow. Please send me an address at which you can receive XCP (Blockchain, Counterwallet, Bter).

Thanks!

Bets stay live as there is no way for BetXCP to cancel them or notify Counterparty of line movement at this time.

While the separation of information and money has many advantages and those advantages outweigh the disadvantages of this new way of doing things, it is not a perfect system. Not yet anyway.

Here is a flow chart that shows the steps of the process, generally: http://betxcp.com/howitworks

Anything having to do with money, bet matching, and bet cancellation, is handled by the Counterparty protocol.

Thank you. Does it cancel your open bet if line moves? So you have to rebet it?

Or does it just offer your bet at the latest line ?

Worth noting is that BetXCP is built on top of Counterparty and it is the Counterparty protocol that escrows funds trustlessly. Counterparty's thread can be found here: https://bitcointalksearch.org/topic/annxcp-counterparty-pioneering-peer-to-peer-finance-official-thread-395761

No problem.

1. Your bet is not matched unless someone takes your action. To make up for the lost opportunity cost (in that you may not get action) BetXCP removes the need to trust a third party and reduces the commission taken significantly. At 0.5% commission, sports betting is almost a zero sum game. Losing sports bettors will lose less, those who break even will now win, and winners will see significantly increased winnings.

2. You can tell what is available to match by entering the feed address into Counterwallet. The process is:
a) Copy the bitcoin address of the bet you want to make from BetXCP
b) Open Counterwallet and go to the "make a bet section"
c) Paste the address in. Counterwallet will show open action on the other side of the bet at this time

3. You can change the odds in Counterwallet, however, the interface is not as smooth as I'd like. In the future, as liquidity increases, we'll integrate this directly into BetXCP to help improve the user experience. The way it works now, all lines are pulled from leading sportsbooks, then the vig is removed. This happens automatically, but this is a tool that does the calculation if you want to test it out yourself: http://0vigcalc.150m.com/calc.htm

The point is that the lines set should be fairly fair for both sides as we pull from leading books and then remove the vig. The only issue is if a line shifts dramatically. In a case like that we will rebroadcast the line so that it's correct. The negative side is the action that remains open on the previous line will not be booked. Thus, we try not to update lines unless they move significantly.

Thanks Matt.

However, that doesn't mean the bet is actually placed unless someone matches it, correct?

How do you tell what is available to "match" immediately so as to not have funds in limbo in case odds change?

How do you change the odds set on your offers?

Hi,

We just launched a few days ago and I've not made an announcement thread yet. As the site is peer-to-peer, you can bet any amount you like. There is no limit.

Where is the main thread for BetXCP?

I'm not seeing the current limits/max bet for each side on MLB lines for example.

How do you see how much is currently available to max bet?

Hi man, well here is my contribution, hope you like them, spent good time doing them.

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A colors and size alternative for senior/hero member



an alternate design for senior and hero members



Its an img file, if i win tell me and i will send you the code, i want to avoid copy paste from other users.

I will update the thread with a winner.

Please post entries here.

Have you paid out yet or are you still looking for entries?

I need three signatures made for BetXCP. One for members, one for full members, and one for senior and hero members.

Guidelines:

- Close in color to the blue used on the site
- Include "A Safe Way To Bet"
- Include a link to the site

Payment will be made in XCP, which can be sold on Bter, Poloniex, or used to place bets on BetXCP.

My reputation thread: https://bitcointalksearch.org/topic/matt-y-reputation-thread-449554