Topic: DirectBet – LIVE Sportsbook & Racebook. Now Accepting Ether ! - page 479. (Read 759915 times)

Winner !  0.12 BTC reward was sent to your Bitcoin wallet.

Next Prize : 0.13 BTC !!!

Odds to Beat : 6.8

Who is next ?

after many many many losses  I hit one for the 0.12 prize...

http://www.directbet.eu/BetStatus.cshtml?BetID=1DMyKAWe3rxycDVk9ygRNzFUkKKTDXMPA7

This is great news. I would definitely advertise this as this is one reason I hated playing on your site at times.

In response to your feedback, and in attempt to pay out your winnings even faster, from now on we will wait for your bet transfer to have just 1 confirmation before issuing a payout.

Okay thanks, I understand it's +EV, I was wondering about the variance involved.

As with our other bets, you will find the best offering right before the start of the race when odds are reliable.
 
For the bigger races, the theoretical hold should be around 7%, but it can get much higher if odds are not reliable.

This promo is definitely + EV for you as long as you place your bets right before the race starts. A horse at odds of 6.5 will probably win about 1 in 7. But even if it wins 1 in 10 you still make an enormous profit because with the bonus your odds are essentially 18.5.

the promo is actually quite generous...

Ok I'm sure this has been explained before but the limitation on bet options is the main drawback here.  A "normal" betting site has NBA conference odds for all teams. Right now there are only 3 options  (all big underdogs) to win their respective conference in the NBA.  You really need to fix this if many people are going to consider this a "normal" book.

What is your general house edge for horse racing? I know at racetracks in real life it can be as much as 40%. Curious as I know sportsbooks generally just take the same odds given by the racetracks prerace.

If its pretty high, then I would assume that hitting a 5.60 odds horse or higher would probably be a 1/20 or lower chance proposition...was considering trying your "step-up" promotion (what I call it).

This is explained in our Rules page :

http://www.directbet.eu/Rules.cshtml

If a player or pairing retires or is disqualified in any match, the player or pairing progressing to the next round (or winning the tournament in the case of a final) will be deemed the winner. However if less than one set has been completed at the time of the retirement or disqualification then all bets relating to that individual match will be void.

When you use the "Firm Odds" or "Flexible Odds" betting options then as soon as your bet transfer is received, the bet status will be changed to "Pending" and it will then get to "Confirmed" or "Rejected" status within a few seconds. It will not be left "Pending" and can not get into any other status.

Such bets will be processed the same way whether or not the event is in-play, so if by the time we receive your bet transfer the event is in-play, it will be processed in-play, and if we receive your bet transfer before the start of the event then it will be processed right there and then in a similar way.

Do you guys not push tennis live wagers if a player retires?  I think that is pretty standard isn't it?  Or maybe that's just with American books.  I couldn't find anything explicit in your rules so I wanted to confirm, since mine was graded as a loss.

I am watching this stuff first time on this forum and site but sadly I am away from this horse racing for long time so not able to do this all right now

I like horse racing with an offer like that! Just waiting for the next winner before I can go again

Horse racing is not very popular stuff here on this form most of peoples like soccer NBA NHL AND MLB   

Anyone going to get a winner on the horses any time soon? 

so you an confirm that
using firm odds or flexible odds for the normal RACE to win, those wagers will never be ACTIVE (always a full refund)  once the sytstem switches to LIVE IN race?

Yes, that's correct. If you use the "Flexible Odds" or the "Firm Odds" betting option, our automated betting system will either confirm or reject your bet immediately within a few seconds.

Here is how it works :

Firm Odds

Your bet will be confirmed immediately, as soon as it is received, at the odds quoted when you ordered the bet. However, if by the time we receive your bet transfer the odds have been significantly reduced, your bet will be rejected and refunded. It is not recommended to use this option when the odds fluctuate, as is the case when the event is in play or is about to start, especially when betting on the favorite.

Flexible Odds

This option means that the bet odds will be determined by the time we receive your bet transfer. At that time, we immediately make a single inquiry to the current odds, and these odds are set as the confirmed odds for the bet. Most of the times, if you send out the bet immediately, the odds will be the same as they were by the time you ordered the bet, but in other times the odds might be higher or lower.

This option is recommended when the odds fluctuate, as is the case when the game is in play or is about to start. This ensures that you get the best possible odds when the odds increases in your favor, and avoid rejections when the odds decreases.

This is also useful when you want to order a bet but send the amount to bet at a later time. Once you order a bet with the Flexible Odds option, you can send multiple bets before or during the event without the need to re-order the bet. Each bet will have its odds confirmed at the best available odds by the time we receive it.

Recommended when betting while watching the game / horse race and shortly before the start of the event, or if you do not intend to make the bet transfer right away.

for the record I totally do not think that any wager pre starting should auto turn into an INPLAY wager at all.    Only your europe and australia turn inplay but that is really bad to accept a pre race wager and then allow it  in play.  two totally different bets.. but as you say you can avoid with flexible odds or fixed odds right?  those would never automatically remain active IN play?

OK I now understand the problem. Please allow me to explain :

When you use the "Negotiate Odds" option, we will wait for the bet odds to reach your minimum requested odds until the event is over and not for just 1 minute or until the event turns in-play.

We're explaining the "Negotiate Odds" feature in more details on our help page here :

http://www.directbet.eu/FAQ.cshtml#BetOptions

It is also explained in the bet order page when you select this option :

Negotiate Odds - Confirm bet when the best available odds is equal or better than the specified odds. If unsuccessful, the bet will be canceled at the completion of the event.

Currently, it is not possible to cancel an unconfirmed negotiated bet before the completion of the event, but it is something we are working on and we will allow that in the future. Meanwhile, if you do not like this feature you can use one of the other two betting options instead.

Please note that if you have an unconfirmed negotiated bet and the event turns in-play, and something happened during the event causing the bet odds to increase above your minimum requested odds, then your bet will confirm at the greater odds to reflect that (higher than the minimum requested odds), so you are never getting a bet at bad odds.

Thanks for your feedback. Please continue to send any question, suggestion or concern you may have.

We do value your feedback and improve upon it.