Topic: Exbet is LIVE >> The Bitcoin Betting Exchange [exbet.io] - page 11. (Read 13457 times)

That 1% commission you have to pay is very little. The other exchanges charge a lot more, so this could potentially be beneficial.
It's just a matter of building a good name and getting a reputation can sometimes take a while. Time is something we all have enough of in the forum 

Thanks coin.princess

Yes, laying the 3-3 has been popular with some punters. But you'd want to be a bit careful these past few months, with average goals per game seeming to be on the increase (related to Covid and crowd restrictions?). For example, EPL goals per game are at 2.96, a historical high. Might want to be going the other way and laying 0-0

I wouldn't worry about that too much. After all, it is already almost 2021 and there are still plenty of matches. Provided we get that vaccine for corona available again, of course.
The best thing about a betting exchange is how to lay the score correctly. The 3-3 seemed to be popular a while ago.

Hi ufaiz50, thanks for checking in!

Live betting is making good progress - the work we are doing is primarily improvements in the speed and stability of the Exbet API to allow market makers to bring in-play liquidity with confidence. We'd love to have something concrete before end of December, but realistically it won't be until the start of 2021 that Exbet users see substantial progress here.

Regards

You have added popular competitions again. How are the developments with regard to the live betting part, is this already possible?
That is technically quite a job, but once it works you can really get a lot of customers with it. Pre-match isn't bad either, as long as the range is good and large enough.

Hey people!

Exbet has added the following Soccer leagues:
- French Ligue 1
- Dutch Eredivisie
- Portuguese Primeira Liga
- Turkish Super Lig

More leagues and markets coming soon.

We also have a couple of new Exbet features that we just released, giving users more insight into their current and historical bets across the Exbet exchange. More info on these next week.

Looking forward to another great sporting weekend!

Thanks nasipadang, we are always on our best behaviour 

The site looks friendly. It is only a pity that the topic here is not so busy. Maybe a way of advertising on the forum? There are many possibilities.

Still I really like this site. the layout is good and these company is serious. I really hope they can make it. Their forum representative is also always polite and friendly here.

yeh make you right people gonna be more careful with the days when price is mooning, level staking to fiat value not really what your standard pubter likely to bother with although shdnt make blind bit of difference for the value inclined lol

We think you're right - probably not any serious cons in moving to three decimals. We will probably not prioitize this, as we have more important product development to focus on just now (we need more hours in the day ). But we are not ruling it out in the future.

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Yes, it's hard to separate fact from rumour with Betfair. There are a lot of conspiracy theories, but Betfair does not help this with its lack of transparency.

Until PIQ becomes important to a significant group of Exbet users, it is unlikely that we will prioritize it as a new feature. We do have long-term plans for a kind of radical orderbook transparency, but we need to learn to run before we can walk walk before we can run (great typo ).

Thanks again for your feedback, MyRealName. We need informed users like yourself to express opinions about Exbet - that way we can keep evolving in the right direction. Keep it coming  

Interesting question I think people tend to bet less (with BTC) during a bull run, because they are even more cautious to not give them away, although they will lose the same amount fiat-wise by adjusting their stakes. It's a psychological thing and the more value something has, the more likely you are trying to protect it at all costs and not taking unnecessary risks. Even when you know you will come out on top longterm by investing this asset in valuable spots

As far as I know Betfair doesn't provide information about "Position in queue" PIQ. And there is no official statement about this issue. Some people think it's hard to implement because of betfair's cross matching, others think that betfair is providing their own liquidity pool and  matching bets in their own most profitable order (including account profiling and a lot of more metrics). I think both of them are correct and don't add any transparency for betfair reputation.

Thanks for detail answers.
Looks like you are aware of most of this cases. It gives a hope that exbet will have a success in the future.

 Yes 3 digits after decimal point gives more competitive odds for heavy favorites. You can offer something like 1.236 against 1.235 and have a first position in order list. A lot of people complaining and leave betfair because of this issue. Please look at Pinacle, Matchbook, Fairlay and most asian bookie and implement it like that way. I don't see any cons here for end users. Please correct me if I am wrong.

ive seen bibles shorter than that post exbet lol.
tbf not sure about all mrrealnamwes points but you boys wd do well to listen on all opinionsn. personally i am happy with bf odds but theres millions of folk using 3 decimals so take your pick.

something i am interested to know is if people on here are likely to bet more or less when btc is on bull run like now??? i have heard different from different people  interedtedvtobhear

Hi again MyRealName

Thanks for signing up and giving feedback! We'll take your points one by one.


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.


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.


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.


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?


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.

Hey tyKiwanuka 

We think there's still some important set(s) of users here on btctalk that hasn't heard of Exbet that should have (i.e. they like sports, understand exchanges and could bring not-insignificant liquidity). But we are, let's say, sympathetic to the idea that the traditional ways of advertising on btctalk are not as effective as they might have been in the past.

We believe there are alternatives to pure organic growth. 2021 will be interesting.

Hey DarkDays

Thanks for taking the time to articulate your thoughts!

There is a classic chicken-and-egg challenge to any new exchange - liquidity is required to attract users, but users are required to attract liquidity. Bootstrapping liquidity often requires switching focus between two components (1. liquidity and 2. users) at different times. Right now, our focus is more towards liquidity, but not exclusively - users are important!

We are seeing sign-ups increase week on week, and increasing volumes of bets on the exchange. Users like the 102% books on Exbet for Premier League and NFL main lines! So the work we have been doing for 12+ months on building profile and community around the project is paying off with encouraging organic growth.

But launching now has allowed us to get feedback from early Exbet users and the community - and in-play betting is something they want. Paid advertising and signature campaigns will bring in a lot of users... but they might not stay on Exbet unless we have a strong in-play offering. That's why the focus stays on in-play liquidity for now, but we are not ignoring user growth. Believe us 

Thanks again for comments 

Regards
The Exbet Team

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.

Doesn't work imo

You can judge by quite some statements in the past that lots of users have no idea what Exbet is and how it works. And this is kind of expected, since a) you don't have a lot users in here, that do place bets, although they are often writing in gambling section (we know the reason for this) and b) the minority who actually does, are actually low-rollers (no offense) and just like to have some fun with an easy UI - placing bets in a traditional way/bookmaker and c) Casino-gambling is still bigger here and in general, so it's way easier for sites like SB/FJ/Betnomi etc. to get things rolling via the tools you mentioned.

I think the people who should know about Exbet in this forum already do know and you won't (are not able to) attract many more through promotions in here to make it worth what this all costs. This being said, I have no better idea as well than just to wait for organic growth, which will come from outside this forum then imo. And hopefully it will bring inplay liquidity