FAIRLAY - SPORTS BETTING for experts - highest liquidity, provably best odds - page 17.

DarkStar_

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Quote from: linan2332 on August 18, 2019, 11:51:29 AM

I guess the feature (cancel matched order within x sec) is more gear towards live-market market maker?
For a typical market we can just contact admin and have them void the match order if it were too late.
Thanks for answering all the questions

I think it's also used to quickly ping the odds source that you're using (for example if you're hedging on Pinnacle) and make sure that their odds haven't changed when someone places the bet so that you're not accidentally taking a bet on stale odds.

linan2332

newbie

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I guess the feature (cancel matched order within x sec) is more gear towards live-market market maker?
For a typical market we can just contact admin and have them void the match order if it were too late.
Thanks for answering all the questions

FairlaySupport

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please do not contact us here via PM for support.

Quote from: linan2332 on August 17, 2019, 08:17:20 PM

Appreciate the reply! Good to know my assumption is correct

One more question if you don't mind. Lets say I created a market and creates order on both side.
I accidentally set the market close time a bit too late and there is a match order come in after the match is already ended in reality.
Is there a way as a market maker to cancel that late matched order?
I can voided the whole market but the previous match order are innocent. Or is it a market maker s responsibility to always make sure the market is close and order is cancelled in time.

Thanks!

Update:
Actually found this in create market API
VisDelay - Maximum allowed time to void orders on this runner. Usually is 6000.
Looks like you do have a set amount of time to cancel a order. Is this referring to after an order matched, you have x amount of time to cancel it?

Any bet that is matched after the event goes live or is decided is subject to be voided. Just contact Ognjen.

What you found is for advanced market makers and gives them the right to cancel any matched bet within a few seconds.

linan2332

newbie

Activity: 26

Merit: 5

Appreciate the reply! Good to know my assumption is correct

One more question if you don't mind. Lets say I created a market and creates order on both side.
I accidentally set the market close time a bit too late and there is a match order come in after the match is already ended in reality.
Is there a way as a market maker to cancel that late matched order?
I can voided the whole market but the previous match order are innocent. Or is it a market maker s responsibility to always make sure the market is close and order is cancelled in time.

Thanks!

Update:
Actually found this in create market API
VisDelay - Maximum allowed time to void orders on this runner. Usually is 6000.
Looks like you do have a set amount of time to cancel a order. Is this referring to after an order matched, you have x amount of time to cancel it?

FairlaySupport

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please do not contact us here via PM for support.

Quote from: linan2332 on August 15, 2019, 10:08:26 AM

I am much more familiar with placing bet now. It seems like UI only update every 20 sec or so, so it is much easier get the latest order book with API before you create an order.
Now I am starting to play around create Market. Anyone here have experience doing that? When creating new market do I just create order on both side ? To make the odds shift do I just simply edit my order with API "changeOrder"?

All correct. If you open a dedicated market page, odds refreshing rate is better. If you create a market yourself, best do so via the API.

linan2332

newbie

Activity: 26

Merit: 5

I am much more familiar with placing bet now. It seems like UI only update every 20 sec or so, so it is much easier get the latest order book with API before you create an order.
Now I am starting to play around create Market. Anyone here have experience doing that? When creating new market do I just create order on both side ? To make the odds shift do I just simply edit my order with API "changeOrder"?

SyGambler

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Quote from: linan2332 on August 14, 2019, 11:03:20 AM

ya is definitely possible, someone is probably using bots to auto bet when their orders is filled. That would explain why the line in pinnacle move as well.
Thanks for answering all the dumb questions! Already start working on my bot and start betting. Appreciate all the replies

Do you have any link somewhere where I can tip you a coffee? Wink

glad I was able to help a little , you don't need to worry about the coffee Cheesy

if you need anything in the future as well just let me know through PM or we can chat on telegram , best of luck with your bot maybe you can send it for me in the future if it works well Grin

linan2332

newbie

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ya is definitely possible, someone is probably using bots to auto bet when their orders is filled. That would explain why the line in pinnacle move as well.
Thanks for answering all the dumb questions! Already start working on my bot and start betting. Appreciate all the replies

Do you have any link somewhere where I can tip you a coffee? Wink

SyGambler

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Quote from: linan2332 on August 14, 2019, 10:21:40 AM

so someone is probably creating all those market with pinnacle odds?(probably using a bot to scrap pinnacle odds and automatically create market base on that) do we know if that is a user or fairlay themselves? I dont think pinnacle actually have an account on fairlay and creating all this market...why would they do that Huh

not sure who is exactly putting the orders , but I do know that it's 100% connected with pinnacle
I have made several max bets with fairlay since esports limits aren't that big , and after each max bet that I make the odds in pinnacle will drop as well

which means the orders are connected with pinnacle since pinnacle is adjusting the price as well after max bets , so at least it's someone who match the bets in pinnacle or maybe it's people working for pinnacle or so

linan2332

newbie

Activity: 26

Merit: 5

so someone is probably creating all those market with pinnacle odds?(probably using a bot to scrap pinnacle odds and automatically create market base on that) do we know if that is a user or fairlay themselves? I dont think pinnacle actually have an account on fairlay and creating all this market...why would they do that Huh

SyGambler

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Quote from: linan2332 on August 14, 2019, 09:10:01 AM

All these Esport market are created by fairlay themselves? or did some user created it? Who put the initial unmatch order in?

Also when trying to bet on certain match for example xxx vs yyy 1st map, there are always some duplicated empty market. Is that a bug? or did some user create those duplicated market?

Liquidity is definitely small right now for esport even when I am betting on sportsbook. When I was betting on sportsbook, I tend to use my betting bots to place bet 24 hours so even though individual bets are small but the volume is still decent for me. Trying to do the same for fairlay.

the markets for esports and pretty much all the other markets in fairlay are created by pinnacle sportsbook , so the price for esport and other sports is usually the same as pinnacle ( rarely better in case someone created better order )
for esports never seen anyone creating orders , all the times the prices are quoted from pinnacle

when you see empty market it means either pinnacle removed betting for that market or someone just placed big bet and pinnacle suspended the betting till they change the odds

linan2332

newbie

Activity: 26

Merit: 5

All these Esport market are created by fairlay themselves? or did some user created it? Who put the initial unmatch order in?

Also when trying to bet on certain match for example xxx vs yyy 1st map, there are always some duplicated empty market. Is that a bug? or did some user create those duplicated market?

Liquidity is definitely small right now for esport even when I am betting on sportsbook. When I was betting on sportsbook, I tend to use my betting bots to place bet 24 hours so even though individual bets are small but the volume is still decent for me. Trying to do the same for fairlay.

SyGambler

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Quote from: linan2332 on August 13, 2019, 11:04:45 PM

Nice to met another esport bettor! 99% of my bet focus on csgo and dota 2

One more question if you don't mind! If I use taker and place the best available odds order, does it guarantee a match?
image

yes unless there is a delay and pinnacle not offering it anymore
I noticed that after one of the esport tipsters starting posting picks for the international and when I tried to see the odds it was the same
but when I tried to bet it told me that there are no orders , so sometimes there are delays where odds aren't available and it takes like 1 or 2 minutes for fairlay to update the odds

that's for esports since as you notice liquidity is small and you can't bet over 100 euros most of the times , with the popular sports this usually doesn't happen

linan2332

newbie

Activity: 26

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Nice to met another esport bettor! 99% of my bet focus on csgo and dota 2

One more question if you don't mind! If I use taker and place the best available odds order, does it guarantee a match?
image

SyGambler

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Quote from: linan2332 on August 13, 2019, 08:04:47 PM

I also find it much easier to find the market I want with API than using UI web, since you can define a lot of filters for your search. If you are familiar with programming, it is actually pretty easy to find what you want. I am starting to like the platform more and more

(Still trying to figure out how to act as a market maker.. does anyone know if fairlay has decent volume compare to other crypto prediction/betting exchange?)

yeah I heard the same about API but never tried it personally cause I mainly just use fairlay for esports or for the times that they have better price than pinnacle

regarding the volume , it's the most popular exchange so you won't find better volume but most of the times the orders there has just pinnacle price so you can bet on other pinnacle alternatives as well

linan2332

newbie

Activity: 26

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I also find it much easier to find the market I want with API than using UI web, since you can define a lot of filters for your search. If you are familiar with programming, it is actually pretty easy to find what you want. I am starting to like the platform more and more

(Still trying to figure out how to act as a market maker.. does anyone know if fairlay has decent volume compare to other crypto prediction/betting exchange?)

SyGambler

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Quote from: justdimin on August 13, 2019, 09:27:28 AM

I have always found this website intriguing and very different but never really understood how it worked and GUI is basically an elementary school level thing.

It is really for experts like it claims because no newbie would come here and start gambling right away it is impossible, I know there are already expert people who then move to here but with this GUI that is very difficult to navigate and find what you want plus the concept being hard to understand it would be really hard to acquire new people all the time, it would still get some people because of unique levels website has but it would never have thousands of people all rushing to this website, it is impossible because there are not enough people that really understands the system well enough to come together here. Maybe try to make it more noob friendly as well? At least the GUI.

it's not designed for newbies , exchanges in general are mainly focused on experienced gamblers or at least gamblers who take betting more seriously
but at the end it's not that hard to learn it , you can learn all what you need to learn within 2 or 3 days of using it

but in general fairlay is more complicated than other exchanges , betfair is much easier to use since they list all of the bets for a certain event under one tab unlike fairlay where the search option shows you all the markets for one event

linan2332

newbie

Activity: 26

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SyGambler here is where i found out about the market maker can selectively cancel your bet.

https://www.sportsbookreview.com/forum/sportsbooks-industry/3479633-fairlay.html

linan2332

newbie

Activity: 26

Merit: 5

Ya I agree is definitely a different experience than betting on sportsbook. Personally I dont mind the learning curve, I am just tired of getting account locked and limit by sportsbook once they find out you are a winning player. (In US so I cant use pinnacle)

justdimin

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www.Crypto.Games: Multiple coins, multiple games

I have always found this website intriguing and very different but never really understood how it worked and GUI is basically an elementary school level thing.

It is really for experts like it claims because no newbie would come here and start gambling right away it is impossible, I know there are already expert people who then move to here but with this GUI that is very difficult to navigate and find what you want plus the concept being hard to understand it would be really hard to acquire new people all the time, it would still get some people because of unique levels website has but it would never have thousands of people all rushing to this website, it is impossible because there are not enough people that really understands the system well enough to come together here. Maybe try to make it more noob friendly as well? At least the GUI.

Topic: FAIRLAY - SPORTS BETTING for experts - highest liquidity, provably best odds - page 17. (Read 135598 times)