Just deposited some BTC to test the platform. The first impression is it has a lot of errors and doesn't work like exchange.
Major cons:
1. Short number of digits after decimal point (please look at matchook and implement it like it should be) don't repeat betfair mistakes.
2. When I make an offer the opposit odds doesn't change (if it's the same "two way" market) the odds should change correspondingly like on the most exchanges.
3. No detail market stats.
4. No information about positions of my orders if i have the same odds.
5. Need to refresh whole page to see odds changes
and much more......
You need to put some work to make it a good sports betting exchange. In current state it's unusable for me. Please fix these bugs.
Hi again MyRealName
Thanks for signing up and giving feedback! We'll take your points one by one.
1. Short number of digits after decimal point (please look at matchook and implement it like it should be) don't repeat betfair mistakes.
Correct, we chose the same odds scheme (two decimal places) as Betfair and some major BTC sportsbooks like sportsbet.io. Pinnacle, Matchbook and Asian books run with three decimal places. We hadn't planned to change this any time soon, but would be interesting to hear from you and others about the pros and cons on this issue.
2. When I make an offer the opposit odds doesn't change (if it's the same "two way" market) the odds should change correspondingly like on the most exchanges.
Not sure we understood - maybe you are referring to cross-matching that is implemented on e.g. Betfair? This is (roughly, and in its basic form) where a back bet on one outcome is also offered as a lay bet on the other outcome (s), and vice versa. There is a really nice in-depth article that also goes into the history of it from BetAngel founder Peter Webb here:
https://www.betfairtradingblog.com/betfair-cross-matching/MyRealName, if this is what you are referring to - yes, we made a business/product decision not to implement cross-matching from Day 1 on Exbet. There are pros and cons to cross-matching for the user and the exchange, but we don't think this is a core part of the exchange feature-set.
Sorry if we misunderstood your point.
3. No detail market stats.
Correct, we don't have this yet in the Exbet UI (The Exbet API however, does offer state of current orderbook).
This is an important feature, it's good you mentioned it.
We are working on a first version which we would like to have released next month.
4. No information about positions of my orders if i have the same odds.
Assume you mean where the user's order is in the FIFO queue for a certain odds increment? You are correct - we don't have that on Exbet, although it is data that theoretically we could expose to users. Which exchanges offer this?
5. Need to refresh whole page to see odds changes
Hmm. This sounds like the one real bug on your list. We have had one other user last week report this issue - where the orderbook does not dynamically update in the UI. Our developers are currently checking this out, and we suspect that a recent upgrade could have caused an issue for some users. It helps us to have this confirmation of the bug, thanks.