Topic: Bookie - Sports Betting Exchange on the Blockchain Wants Your Input - page 2. (Read 949 times)

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

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...

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.

Thanks again for your thoughts. Stay tuned to Bookie news, your feedback is valued!

Hi Hhampuz, you are not the first to suggest eSports! It’ll have to be something we look into, but may not be possible for launch. Thanks for your thoughts.

Welcome! I’ll reply to both of your messages here.

1. The Masters - This is a great event. We actually ran a non-binary Super Bowl betting market during Bookie Beta Phase 1 this past weekend - "Which player will be named MVP?". The results were positive, so this is absolutely the type of event we can target in the future. That said, another key element of bringing certain sports on board is to have resilient data feeds in place that allow automated market management in that sport. As a Witness you are particularly well-placed to help make this happen in the run-up to Bookie launch. We look forward to your participation in making your suggestion a reality!

2. When PBSA began thinking about sports betting, we wanted a model that could be easily decentralized and where there was already an existing market to disrupt. Betting exchanges fit this perfectly - they are already P2P and have carved out a huge market for themselves during the past 15+ years now. Betting exchanges anonymize your bet and make it fully fungible in a standardized marketplace. Introducing a feature that allows users to place bets directly against each other would be cool but there is simply no existing market for this kind of product. PBSA is dedicated at this stage to bringing provably-fair product to the Peerplays blockchain - product that will scale up and disrupt existing gaming markets. Head-to-head betting may be something to look at further down the line.

3. This is an interesting idea and, of course, something we have spent a lot of time thinking through. Bookie is one of many crypto-projects that would benefit from a resilient, scalable stablecoin. As a Graphene chain, the possibility of something like a ppyUSD is there, as you say. Although it is unlikely to be something you see on Bookie at launch, we are continually looking at ways that Bookie (and other Peerplays DApps) can be made more accessible for the casual market.

Thanks again for your ideas. We look forward to hearing your future thoughts when they pop up!

Thanks for the response - like I said, I'm not aware of any smart contract model used yet for sportsbooks, but as you explain, that very basic application is already extremely useful in sports bet settlements. I have only been betting in sports for a few years but have seen several contentious decisions taken by bookies even with comprehensive rules on settlement.

But with newer sports like MMA especially or even e-sports, I doubt bookies have really refined the rules, or there are too obscure for players to understand. Publishing the algorithms for every market - and every bet even, would go a long way to mitigate this. Don't take too long to update us about this - we gamblers tend to move on quickly

This looks exciting if you'll be able to pull it off in the manner you expect to!

I'd like to see eSports, mainly CS:GO being added as there's currently not that many bookies around offering good options for it.

Also, just a few features I'd like to see since we don't hear from you all as often on telegram anymore.

- I think the feature that needs to be emphasized the most is the peer to peer nature of the exchange. I think it would be a cool addition if you could add people as friends, and send them bets directly to accept or decline. This would make it much more interactive for friends to enjoy, and thus, spread that much more virally.  And, it could become one of those things where people's casual bets that they never follow through with would be enforced on the blockchain. So you could never say "oh well we never shook on it so it doesn't count."

- Much like the bitshares system, Bookie needs a dollar-stable currency.  I think a ppyUSD would be a great way for newbies to mitigate their risk of using the ppy system and remove the volatility, while allowing those of us who believe deeply in the project to shoulder that risk/reward by creating ppyUSD. I don't think the cryptocurrency world will adopt a good betting platform unless this is an added feature. The casual bettor just wont accept betting $5, winning, and then getting $5 back because the cryptomarket tanked like it is now. I'm guessing this should be a relatively easy addition, considering ppy's roots in bitshares/graphene. I have said this before, but have never heard back on how/if this will be implemented, but I think it would be a very strong selling point to potential users.

I may chime in with other features if/when I think of them, but thanks for your time.

I'd love to see some support for the masters. Its in early April, so it should be right after bookie release.  Plenty of my acquaintances love betting on it, but it isn't a simple binary outcome like many sporting events would be.

That’s an interesting idea. Could be something that’s added in time, but not likely for launch. Thanks for the suggestion!

Right - on-chain smart contracts are at the heart of what Bookie is doing. The actual algorithms that are used to settle any particular market will be published for anyone to check. We do not foresee a need for arbitration (these settling algorithms should just do their job) but, as above, manual settlement by Witnesses is always a last resort. As always, a majority of Witnesses need to agree on a result/settlement before it gets executed.

Node operators ("Witnesses" on the Peerplays blockchain) on the Peerplays blockchain will be able to manually report results (although we expect 99.9% of results to be handled automatically by the Oracle system). However, no single Witness will have the power to decide results/voids/bet settlements - it will require a majority (50%+1) of Witnesses to agree on results and bet settlements before they become accepted as "fact" by Bookie.

At launch, there will be no "resettlement" of bets. But a feature for Bookie is scheduled for release later in 2018 that will allow bettors to flag results they think are wrong and, if a certain number of users flag a particular result, Witnesses will be obliged to resettle the market manually to ensure correct resolution. More details on this later in the year.

Hello mr-whitekey,

Bookie will source all sports data and results using a decentralized Oracle system that is built into the underlying Peerplays blockchain. This Oracle system is fed by multiple sports data feeds.

The poker world series would be a good one - bet on who you think the finalist would be/winner

Actually, good question. At the moment, only one or two crypto-accepting bookies have good documentation on some of the unconventional rulings for sports bets. In general, most bets will be easily settled, but when there are contentious events (was the goal scored in 90th or 91st minute?), how long must the boxing match round last to be considered a full round (remember the controversy with Mayweather/Connor in August on a lot of bets made lasting 10 rounds)?

I'm guessing any blockchain-based sportsbook (I don't know Peerplay very well unfortunatel) could benefit from smart contracts that make some rules very clear, arbitrated by... some parties?

How will Bookie verify the results?

Hi darksideday, yes horse racing is hugely popular. Bookie won’t be offering this at launch, though, as it’s a little more complicated to bring to a decentralized betting exchange than other sports. But, it’s on our radar for the future. 

Agreed that betting on e-sports is minimal right now, but will be interesting to see how it grows.

Hi Judester, Bookie will be fed with sports data through a decentralized Oracle system.

Thanks!

I think you would be mad not to have horse racing. Especially UK horse racing. It's always exchange's biggest earners due to the number of races in a given day which for UK & Ireland is over 20+. End of Q1 is Cheltenham festival where volume on betfair is over £120m turnover not to mention the other exchanges.. I think you should really consider it as an alternative, much bigger market than e-sports market where currently no real interest on current exchanges.