Author

Topic: Binary-io.com - binary betting site - No signup, anonymous (Read 2490 times)

hero member
Activity: 697
Merit: 501
Ready to bet again -

is this live yet Huh
Unfortunately  the developer has lost interest in the site. I am unsure if it will go live again. If it does I will report that here.
legendary
Activity: 1267
Merit: 1000
Ready to bet again -

is this live yet Huh
hero member
Activity: 697
Merit: 501
Just to follow up and report I did receive the winning bet from the other day.
I can see where this can get to be a habit, real quick! Wink

EDIT:  So is the realtime betting down temporarily?
Yes, I will check in with the developer now, but we want to fix whatever error occurred before going live again. I only want to offer a 100% fully functioning site.
And I am thinking if there were many different bets and users could create their own bets this could be more popular.  The no signup and ease of use is also key.
legendary
Activity: 1267
Merit: 1000
Just to follow up and report I did receive the winning bet from the other day.
I can see where this can get to be a habit, real quick! Wink

EDIT:  So is the realtime betting down temporarily?
hero member
Activity: 697
Merit: 501
Sometimes if the api feed is down it doesn't load. It's working fine for me now. Just try again, but don't send btc yet.
The bids are in real time and the apis available now are surprisingly unreliable.  If anyone has a reliable api suggestion let me know.
full member
Activity: 154
Merit: 100
why i cant open ur site?? on my browser site not available
hero member
Activity: 697
Merit: 501
The site has been switched to testnet for now, so do not send any btc until further notice.  

Of course in the future the idea is to add more features such as more things to bet on, not just the btc price on bitstamp after 24 hours. Ultimately I would like for users to create their own binary bets. Be able to place a yes/no bet on anything they like.

The sites utilizes time locked transactions and possibly multi-sig so everything happens fairly and automatically on the blockchain.

If the site gets that far we will publish a detailed description of the processes involved.
Peace
full member
Activity: 157
Merit: 100
HUKOM BITAY! ✝✝✝
What happens if everyone bets the price will go higher (or lower)?
In other words, no one counterbets?

Is the determining price 24 hrs from now?
All of that information is on the site. But if there are no bets against then the btc is all returned.
Bets usually show up within a few seconds. The site doesn't wait for confirmations to display bets.

You can click past binaries to see the binary finishing time in your own timezone.

Still not getting any idea about binary  betting. Tsk tsk.
legendary
Activity: 3808
Merit: 1723
Its good but there should be more options to bet on.

Right now there is only a 1 day option to bet on price of Bitstamp.


Should have more forex currencies.
legendary
Activity: 1267
Merit: 1000
What happens if everyone bets the price will go higher (or lower)?
In other words, no one counterbets?

Is the determining price 24 hrs from now?
All of that information is on the site. But if there are no bets against then the btc is all returned.
Bets usually show up within a few seconds. The site doesn't wait for confirmations to display bets.

You can click past binaries to see the binary finishing time in your own timezone.

The idea is very simple and easy to use, thanks!
(Maybe a little too simple and easy  Grin Grin Grin)
hero member
Activity: 697
Merit: 501
What happens if everyone bets the price will go higher (or lower)?
In other words, no one counterbets?

Is the determining price 24 hrs from now?
All of that information is on the site. But if there are no bets against then the btc is all returned.
Bets usually show up within a few seconds. The site doesn't wait for confirmations to display bets.

You can click past binaries to see the binary finishing time in your own timezone.
member
Activity: 109
Merit: 10
Made a small bet.  Who thinks the btc price will be lower at 12pm GMT+9  tomorrow? Let's get this thing started.

How was your experience here?

Can you say the site is legit?
legendary
Activity: 1267
Merit: 1000
What happens if everyone bets the price will go higher (or lower)?
In other words, no one counterbets?

Is the determining price 24 hrs from now?
legendary
Activity: 1267
Merit: 1000
Made a small bet.  Who thinks the btc price will be lower at 12pm GMT+9  tomorrow? Let's get this thing started.

I see your bet, but I think it will go up, too.

Maybe for shiggles, I will bet it will go lower. Cheesy

EDIT:  I just made a bet, but don't know if it will make it before the 15 minutes remaining before the cut-off.
hero member
Activity: 697
Merit: 501
Made a small bet.  Who thinks the btc price will be lower at 12pm GMT+9  tomorrow? Let's get this thing started.
legendary
Activity: 1512
Merit: 1012
Looks nice, will probably give it a try soon!
hero member
Activity: 697
Merit: 501
Which timezone is your site using? Is it using my local system timezone?
Yes should be set to local time zones.
hero member
Activity: 882
Merit: 1000
Exhausted
Which timezone is your site using? Is it using my local system timezone?
hero member
Activity: 697
Merit: 501
if i win  how much payout?
You can find that info on the help page, but maybe I need to make it more clear there?
You only win if there is someone to bet against.

Quote
How are winnings calculated?

Winners get a proportion of the losing pool equal to their proportion of their bid to the winning pool. Losing bids are not returned except when there are no opposing bids. If there are no opposing bids then bids are returned. on all winnings.

If the winning pool is 2BTC and your bid is 1BTC. Then your winnings are your bid (1BTC) plus 50% of the losing pool

So if the losing pool is 1BTC. Then your return is 1BTC + 0.5BTC (50% of 1BTC) which is 1.5BTC.
sr. member
Activity: 462
Merit: 251
if i win  how much payout?
hero member
Activity: 697
Merit: 501
what is max an and min for deposite?
Minimum bet 1mBTC or 100,000 satoshis.  No Max.
full member
Activity: 126
Merit: 100
what is max an and min for deposite?
full member
Activity: 154
Merit: 100
Hey Guys, a friend of mine here in Seoul build a website www.binary-io.com It is a binary betting site at the moment  You bet if the price of btc on Bitstamp will be higher or lower in 24 hours.  Bets can be made within a 4 hour window and then a new bet begins.  
Everything is automated with time lock transactions used to return the money after the 24 hours if no one bids against you or the site disappears for some reason.  

Questions comments welcomed.  

The site is live but just launched recently to the public.

Peace.



this cool bro,can you tell us how mininum bet?
full member
Activity: 126
Merit: 100
Hey Guys, a friend of mine here in Seoul build a website www.binary-io.com It is a binary betting site at the moment  You bet if the price of btc on Bitstamp will be higher or lower in 24 hours.  Bets can be made within a 4 hour window and then a new bet begins.  
Everything is automated with time lock transactions used to return the money after the 24 hours if no one bids against you or the site disappears for some reason.  

Questions comments welcomed.  

The site is live but just launched recently to the public.

Peace.


i give it a try for sure!!!  Wink Wink Wink Wink
newbie
Activity: 42
Merit: 0
The website won´t load for me. Too bad.
hero member
Activity: 697
Merit: 501
SImple site  Grin
 
How much the min and max bet ?

how much the payout ?

thanks
I suggest you read the help page.  Minimum bet is 1mBTC or 100,000 satoshis. No max. 
From help page:
Quote
How are winnings calculated?

Winners get a proportion of the losing pool equal to their proportion of their bid to the winning pool. Losing bids are not returned except when there are no opposing bids. If there are no opposing bids then bids are returned. on all winnings.

If the winning pool is 2BTC and your bid is 1BTC. Then your winnings are your bid (1BTC) plus 50% of the losing pool

So if the losing pool is 1BTC. Then your return is 1BTC + 0.5BTC (50% of 1BTC) which is 1.5BTC.
legendary
Activity: 1274
Merit: 1001
SImple site  Grin
 
How much the min and max bet ?

how much the payout ?

thanks
legendary
Activity: 938
Merit: 1000
Hey Guys, a friend of mine here in Seoul build a website www.binary-io.com It is a binary betting site at the moment  You bet if the price of btc on Bitstamp will be higher or lower in 24 hours.  Bets can be made within a 4 hour window and then a new bet begins.  
Everything is automated with time lock transactions used to return the money after the 24 hours if no one bids against you or the site disappears for some reason.  

Questions comments welcomed.  

The site is live but just launched recently to the public.

Peace.

Simple and cool  site 
hero member
Activity: 697
Merit: 501
Hey Guys, a friend of mine here in Seoul build a website www.binary-io.com It is a binary betting site at the moment  You bet if the price of btc on Bitstamp will be higher or lower in 24 hours.  Bets can be made within a 4 hour window and then a new bet begins.  
Everything is automated with time lock transactions used to return the money after the 24 hours if no one bids against you or the site disappears for some reason.  

Questions comments welcomed.  

The site is live but just launched recently to the public.

Peace.
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