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Topic: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input (Read 949 times)

copper member
Activity: 126
Merit: 0
The World's Betting Exchange
copper member
Activity: 126
Merit: 0
The World's Betting Exchange
Hello!

We have an update/article here for you.

Toby Lynas, PBSA's Head of Operations, took part in a conversation with Asia Gaming Brief recently.

You can read what he had to say about BookiePro - and the rest of the article - here.
copper member
Activity: 126
Merit: 0
The World's Betting Exchange
Hi everyone,

New BookiePro Bitcointalk account here! If you start seeing @BookiePro, it's us!

Additionally, we are having issues with the old @bookieapps account, so if you get any curious messages from that account, please let us (@BookiePro) know about it.

Thanks!

p.s.: Don't forget - BookiePro is launching SOON!

- PBSA + BookiePro Team
newbie
Activity: 115
Merit: 0
Hi everyone,

In this month's EGR Big Debate, PBSA's Toby Lynas tackles the question - Will the future of blockchain gambling be bespoke virtual currencies? Get the full story here.
newbie
Activity: 115
Merit: 0

Betting with Bookie is an ongoing educational series designed to demystify the betting experience. Each article will tackle sports betting terminology and concepts in a simple way, in an effort to make you a better bettor.


Hi alexvilis, thanks for sharing the article! Glad to see you find value in them.

Will you be joining us for Bookie Public Beta?
sr. member
Activity: 588
Merit: 253

Betting with Bookie is an ongoing educational series designed to demystify the betting experience. Each article will tackle sports betting terminology and concepts in a simple way, in an effort to make you a better bettor.
newbie
Activity: 115
Merit: 0
Just have a big number of games up for upper and be lightning fast with grading the bets.. If you are able to do that, you'll rise through the ranks quickly!

Hi Hhampuz,

Thanks for the encouragement! Not long ago we asked BitcoinTalk (actually, it was this thread!) which sports they'd like to see when Bookie launches. With the likely candidates being soccer, basketball, American football, etc, there should be no shortage of games to bet on.

As for the speed part of your question: You may have seen this already, but all sports data will be pulled from multiple Data Proxies, and then merged & verified through BOS (Bookie Oracle Software). I've linked each of these steps to corresponding articles, if you're interested in reading more.

Because the whole proces is automated on the blockchain, settling of bets should happen within minutes of the actual end of an event. The Peerplays blockchain - which will host Bookie - was built specifically for highspeed gaming and betting. As you say - lightning fast!

Hope you'll be joining when Bookie Public Beta launches for the World Cup? (Reminder: play for free, win real BTC prizes!)
newbie
Activity: 115
Merit: 0
Hello!

The newest article in the "Betting with Bookie" educational series is up!

It's called Introduction to Odds and helps you navigate some of the odds formats you encounter online.

Read the whole article on Steemit.
newbie
Activity: 115
Merit: 0
Hi Pab,

Bookie Public Beta will be ready for World Cup 2018, obviously one of the most popular betting events in the world. You'll be able to play for free and win real bitcoin prizes. Hopefully we'll see you there!

Would love to hear more of your thoughts and ideas in the new Bookie Public Beta thread.

Thanks!

Hi Pab,

We hear what you’re saying about challenges and issues in betting on horse racing. However, we are concentrating on building support for sports like American Football, basketball, soccer, etc. The main reason is that we expect the majority of Bookie's early adopters to be more interested in these sports. But in addition to this, the proper implementation of horse racing on Bookie is technically more complex.

So, horse racing isn’t a focus for Bookie in the short-term. Not to say that we won’t include it at a later date.

I bet on uk ire horse racing.Last Cheltenham festival geerated not mln but blns in bets
There is not any cryptocurrency bookie what is offering horse racing betting
Races are every day all year on all continents,and people are puting really high money
Bigest bookies frauds are ongoing on horse racing together with suspending accounts in a case of bettors win

If you will be popular and competitive to fiat money  biggest bookies than you will have planty of  horse racing bettors
Punters are really tired of that what bookies are performing to them
But sure new develepmont need to be live tested on most popular sports
Hope you will be ready for Mundial
legendary
Activity: 2996
Merit: 6138
Meh.
Just have a big number of games up for upper and be lightning fast with grading the bets.. If you are able to do that, you'll rise through the ranks quickly!
Pab
legendary
Activity: 1862
Merit: 1012
Hi Pab,

We hear what you’re saying about challenges and issues in betting on horse racing. However, we are concentrating on building support for sports like American Football, basketball, soccer, etc. The main reason is that we expect the majority of Bookie's early adopters to be more interested in these sports. But in addition to this, the proper implementation of horse racing on Bookie is technically more complex.

So, horse racing isn’t a focus for Bookie in the short-term. Not to say that we won’t include it at a later date.

I bet on uk ire horse racing.Last Cheltenham festival geerated not mln but blns in bets
There is not any cryptocurrency bookie what is offering horse racing betting
Races are every day all year on all continents,and people are puting really high money
Bigest bookies frauds are ongoing on horse racing together with suspending accounts in a case of bettors win

If you will be popular and competitive to fiat money  biggest bookies than you will have planty of  horse racing bettors
Punters are really tired of that what bookies are performing to them
But sure new develepmont need to be live tested on most popular sports
Hope you will be ready for Mundial
newbie
Activity: 115
Merit: 0
Good question. (What you call 'odds', are typically called 'lines' or 'handicaps', we think?). We answered this question in our recent AMA:

https://www.reddit.com/r/OfficialBookie/comments/86mm3t/bookie_ama_with_pbsas_head_of_operations_ask_me/dwd0svi/

Basically, Bookie takes an automated poll of the industry lines and provides an average of those. The 'odds' are not set by Bookie. Bookie is a betting exchange, not a sportsbook, so odds are set by Bookie users. To find out more about he difference between a betting exchange and a sports book, take a look at this article:https://steemit.com/peerplays/@bookieapp/betting-with-bookie-sportsbook-vs-betting-exchange

Ok just by reading the articles, I have a question now. How do you guys propose that the system will automatically grade the events. What I means is that how do you, without human intervention, make the system create it's own odds? For example, a game of NBA with GSW vs BOS, how will the system say that GSW - 13 vs BOS +13, something like that.
newbie
Activity: 115
Merit: 0
Hi DMo09,

Interesting idea. The focus with Bookie has always been to offer a decentralized alternative to the established sports betting market, which turns over many billions of dollars a year, as we are all aware. Although blockhain (and even Bookie, who knows!) might be able to help in the way you describe, it isn't something that we at PBSA will be looking at in the foreseeable future.

But that's some creative thinking you've got going there... hmmm.... Maybe a company with connections in this space could build an MMA-crowd-promotion app on top of the Peerplays blockchain? Then Bookie could easily provide betting on those events. Keep the ideas coming  Smiley

Will Bookie ever have the ability to crowd-fund matches/games?  For example, in the MMA sub-culture, there are many groups of different disciplines interested in who would win a match between two non-professionals, but there is no easy way to crowdfund these fights (and bet on them).  There is no incentive for fighters to risk injury on an exhibition match, but they would if money was on the line.

Crowdfunding could bring together many other different matches or games (sport & non-sport) that would otherwise not happen. 

*Even better if there were tools for promoters to use so they could get a cut for raising the money.

Seems like a natural fit for Bookie to pioneer the first crowd-funded & betting capabilities...
newbie
Activity: 115
Merit: 0
Hi LuanX3,

That’s exactly it! Continuing from your points, these are some advantages of Bookie (decentralized) over centralized sports betting:

•        provably fair (you don't know what sportsbook is doing on the back-end)
•        transparency of bet placement (no arguments after the fact)
•        no slow payment
•        no possibility of funds being stolen by an unethical sportsbook
•        multiple accounts


As you can see, there were many reasons to make Bookie a decentralized betting exchange. Happy to see you're as excited as we are!

Hi everyone,

We wanted to share our recent article about Data Proxies, the decentralized method by which Bookie gets its sports data for any given event.

You can read the full piece on Steemit.


Really exciting to see this! If everything checks out good here on this project then there won't be any instance that the bookie just arbitrarily cancels the bet slip for "reasons" they just make up. Most of the time they cancel it because their system made a mistake and placed pretty good odds on the bet and they have to save themselves by screwing the players. Let's see if decentralized will cure this problem.
newbie
Activity: 115
Merit: 0
Hi Pab,

We hear what you’re saying about challenges and issues in betting on horse racing. However, we are concentrating on building support for sports like American Football, basketball, soccer, etc. The main reason is that we expect the majority of Bookie's early adopters to be more interested in these sports. But in addition to this, the proper implementation of horse racing on Bookie is technically more complex.

So, horse racing isn’t a focus for Bookie in the short-term. Not to say that we won’t include it at a later date.

I bet on uk ire horse racing.Last Cheltenham festival geerated not mln but blns in bets
There is not any cryptocurrency bookie what is offering horse racing betting
Races are every day all year on all continents,and people are puting really high money
Bigest bookies frauds are ongoing on horse racing together with suspending accounts in a case of bettors win
newbie
Activity: 115
Merit: 0
hero member
Activity: 756
Merit: 505
Ok just by reading the articles, I have a question now. How do you guys propose that the system will automatically grade the events. What I means is that how do you, without human intervention, make the system create it's own odds? For example, a game of NBA with GSW vs BOS, how will the system say that GSW - 13 vs BOS +13, something like that.
newbie
Activity: 115
Merit: 0
Hello!

The latest installment of Bookie's behind-the-scenes series on the tech being used to build Bookie - "Introduction to the Tech Behind Bookie." This one talks about the Bookie Oracle System, aka BOS.

https://steemit.com/sports/@bookieapp/introduction-to-the-tech-behind-bookie-bos
hero member
Activity: 756
Merit: 505
Hi everyone,

We wanted to share our recent article about Data Proxies, the decentralized method by which Bookie gets its sports data for any given event.

You can read the full piece on Steemit.


Really exciting to see this! If everything checks out good here on this project then there won't be any instance that the bookie just arbitrarily cancels the bet slip for "reasons" they just make up. Most of the time they cancel it because their system made a mistake and placed pretty good odds on the bet and they have to save themselves by screwing the players. Let's see if decentralized will cure this problem.
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