Topic: FAIRLAY - SPORTS BETTING for experts - highest liquidity, provably best odds - page 4. (Read 135445 times)
December 07, 2020, 04:39:24 PM
site is back up
December 07, 2020, 03:02:39 PM
The site has been offline today and still cannot be accessed.
December 06, 2020, 07:47:56 AM
play all volleyball matches on the individual sides.play all matches of the volleyball round of the individual countries. The match from Russia to Lipetsk was not = why.add Bulgaria men and women
November 25, 2020, 09:19:03 AM
fairlay graded the election bets and said if the decision is reversed they will grade them again
I believe they just like all other books want to get those funds back in the betting market
I believe they just like all other books want to get those funds back in the betting market
November 25, 2020, 05:08:18 AM
Some people are asking the following
"why did fairlay grade the bets on the Election 2020"
I think it depends on the exact market right?
Is there a general response to this questions from fairlay?
"why did fairlay grade the bets on the Election 2020"
I think it depends on the exact market right?
Is there a general response to this questions from fairlay?
November 23, 2020, 10:40:23 AM
nothing subtle about it
yes those onchain markets were a great idea when gas fees were nothing but now that they are sky high, onchain betting is dead or at least paused
yes those onchain markets were a great idea when gas fees were nothing but now that they are sky high, onchain betting is dead or at least paused
November 23, 2020, 09:50:22 AM
Not sure I have seen a thread being taken over like this lol
suttle shill
fairlay is safe
onchain bettting is cool, but the fees make it worse than betting in the most square book ever created
suttle shill
fairlay is safe
onchain bettting is cool, but the fees make it worse than betting in the most square book ever created
November 19, 2020, 10:22:08 PM
you should post about degens in the degens thread. there is no need to post about degens in a fairlay thread
Good idea! If anyone is interested can check out the Degens AMM thread below to continue conversation on non custodial betting exchanges that are built on the blockchain using smart contracts that don't require any form of KYC, nor block any jurisdiction. - https://bitcointalksearch.org/topic/ann-degenscom-the-blockchain-sports-betting-exchange-5222499
November 19, 2020, 10:05:39 PM
you should post about degens in the degens thread. there is no need to post about degens in a fairlay thread
November 19, 2020, 06:20:24 PM
I guess I do not really think that the learning curve is that big but I still rather play at fairlay because I trust them more?
I know that dex and dapp and so forth type of decentralized gambling needs to be decentralized which is why there is no trust required at all but I do not trust the code of it, that is the problem, normally if the code is perfect without a problem there should be no need for me to trust anyone and can just gamble there, but I feel like there has been too many hacked or scammed or whatever defi projects so I do not think that degens could be perfect neither, and I am trying to be more careful about it. Whereas I know fairlay and I know nitrogen and I know other places like that, so I just gamble there and I feel a lot more at ease with myself gambling here.
I know that dex and dapp and so forth type of decentralized gambling needs to be decentralized which is why there is no trust required at all but I do not trust the code of it, that is the problem, normally if the code is perfect without a problem there should be no need for me to trust anyone and can just gamble there, but I feel like there has been too many hacked or scammed or whatever defi projects so I do not think that degens could be perfect neither, and I am trying to be more careful about it. Whereas I know fairlay and I know nitrogen and I know other places like that, so I just gamble there and I feel a lot more at ease with myself gambling here.
Decentralized sports betting exchanges tend to have a lengthy audit of their smart contract which costs $20,000+ - Here is Degens' audit
https://certificate.quantstamp.com/full/degens
Also note that all source code for Degens is 100% open source and readable by all - https://github.com/degensprotocol
That said, I also agree that Fairlay is very safe due to the fact that they've been in operation for so many years, and them stealing funds would be incredibly shortsighted compared to the long term value of their business.
November 19, 2020, 05:56:47 PM
fairlay is very safe
November 19, 2020, 04:47:45 PM
I guess I do not really think that the learning curve is that big but I still rather play at fairlay because I trust them more?
I know that dex and dapp and so forth type of decentralized gambling needs to be decentralized which is why there is no trust required at all but I do not trust the code of it, that is the problem, normally if the code is perfect without a problem there should be no need for me to trust anyone and can just gamble there, but I feel like there has been too many hacked or scammed or whatever defi projects so I do not think that degens could be perfect neither, and I am trying to be more careful about it. Whereas I know fairlay and I know nitrogen and I know other places like that, so I just gamble there and I feel a lot more at ease with myself gambling here.
I know that dex and dapp and so forth type of decentralized gambling needs to be decentralized which is why there is no trust required at all but I do not trust the code of it, that is the problem, normally if the code is perfect without a problem there should be no need for me to trust anyone and can just gamble there, but I feel like there has been too many hacked or scammed or whatever defi projects so I do not think that degens could be perfect neither, and I am trying to be more careful about it. Whereas I know fairlay and I know nitrogen and I know other places like that, so I just gamble there and I feel a lot more at ease with myself gambling here.
November 19, 2020, 05:24:03 AM
Interesting discussion going on and my take:
1. crypto users are actually Bitcoin users. Agree that more altcoin users are also now betting but you generally find crypto sportsbettors are just using Bitcoin. Not so much because of the tech, but the wider access. Been tempted by smart contract types like ETH and even TRX but the lack of access, wider markets and good odds so far puts me off. Fairlay I like because P2P you can find good odds especially on the longshots.
2. I think the future for crypto users is non-custodial yes, but the future for betting with crypto probably lies in 2nd layer settlements (which even Ethereum is starting to use). Fees for tx is one thing, but I haven't seen smart contract fees lower than $5 since June and if you need 2 smart contracts to place and then claim winnings, it's really not ready yet for betting.
1. crypto users are actually Bitcoin users. Agree that more altcoin users are also now betting but you generally find crypto sportsbettors are just using Bitcoin. Not so much because of the tech, but the wider access. Been tempted by smart contract types like ETH and even TRX but the lack of access, wider markets and good odds so far puts me off. Fairlay I like because P2P you can find good odds especially on the longshots.
2. I think the future for crypto users is non-custodial yes, but the future for betting with crypto probably lies in 2nd layer settlements (which even Ethereum is starting to use). Fees for tx is one thing, but I haven't seen smart contract fees lower than $5 since June and if you need 2 smart contracts to place and then claim winnings, it's really not ready yet for betting.
I also think most users are only interested in depositing and playing with Bitcoins. It's nice that other coins are offered, but the real value is with the Bitcoins.
I'd total agree that BTC is the King for now and the foreseeable future. Obviously our platform cannot use BTC as it doesn't support smart contracts which are necessary to run a non custodial sports betting platform.
Though interesting there are BTC coins wrapped on ethereum which could work but I haven't looked into them and they are probably too complex, or not sufficiently decentralized.
November 19, 2020, 05:22:07 AM
Interesting discussion going on and my take:
1. crypto users are actually Bitcoin users. Agree that more altcoin users are also now betting but you generally find crypto sportsbettors are just using Bitcoin. Not so much because of the tech, but the wider access. Been tempted by smart contract types like ETH and even TRX but the lack of access, wider markets and good odds so far puts me off. Fairlay I like because P2P you can find good odds especially on the longshots.
2. I think the future for crypto users is non-custodial yes, but the future for betting with crypto probably lies in 2nd layer settlements (which even Ethereum is starting to use). Fees for tx is one thing, but I haven't seen smart contract fees lower than $5 since June and if you need 2 smart contracts to place and then claim winnings, it's really not ready yet for betting.
1. crypto users are actually Bitcoin users. Agree that more altcoin users are also now betting but you generally find crypto sportsbettors are just using Bitcoin. Not so much because of the tech, but the wider access. Been tempted by smart contract types like ETH and even TRX but the lack of access, wider markets and good odds so far puts me off. Fairlay I like because P2P you can find good odds especially on the longshots.
2. I think the future for crypto users is non-custodial yes, but the future for betting with crypto probably lies in 2nd layer settlements (which even Ethereum is starting to use). Fees for tx is one thing, but I haven't seen smart contract fees lower than $5 since June and if you need 2 smart contracts to place and then claim winnings, it's really not ready yet for betting.
Degens is P2P as well and there are no gas costs if you enter your own odds. Gas costs are only for the makers. However there is a gas cost to claim your winnings which currently is around $1 which is crazy as gas costs used to be a few pennies!
Yes, I agree we'll need to way for 2nd layer technologies to flourish before this niche space explodes. With the current solution in place on ethereum, it's not possible to bet in the middle of the game due to gas latency which is unacceptable. This isn't a problem on a centralized site like Fairlay though.
November 19, 2020, 04:35:43 AM
Interesting discussion going on and my take:
1. crypto users are actually Bitcoin users. Agree that more altcoin users are also now betting but you generally find crypto sportsbettors are just using Bitcoin. Not so much because of the tech, but the wider access. Been tempted by smart contract types like ETH and even TRX but the lack of access, wider markets and good odds so far puts me off. Fairlay I like because P2P you can find good odds especially on the longshots.
2. I think the future for crypto users is non-custodial yes, but the future for betting with crypto probably lies in 2nd layer settlements (which even Ethereum is starting to use). Fees for tx is one thing, but I haven't seen smart contract fees lower than $5 since June and if you need 2 smart contracts to place and then claim winnings, it's really not ready yet for betting.
1. crypto users are actually Bitcoin users. Agree that more altcoin users are also now betting but you generally find crypto sportsbettors are just using Bitcoin. Not so much because of the tech, but the wider access. Been tempted by smart contract types like ETH and even TRX but the lack of access, wider markets and good odds so far puts me off. Fairlay I like because P2P you can find good odds especially on the longshots.
2. I think the future for crypto users is non-custodial yes, but the future for betting with crypto probably lies in 2nd layer settlements (which even Ethereum is starting to use). Fees for tx is one thing, but I haven't seen smart contract fees lower than $5 since June and if you need 2 smart contracts to place and then claim winnings, it's really not ready yet for betting.
I also think most users are only interested in depositing and playing with Bitcoins. It's nice that other coins are offered, but the real value is with the Bitcoins.
November 19, 2020, 04:06:57 AM
Interesting discussion going on and my take:
1. crypto users are actually Bitcoin users. Agree that more altcoin users are also now betting but you generally find crypto sportsbettors are just using Bitcoin. Not so much because of the tech, but the wider access. Been tempted by smart contract types like ETH and even TRX but the lack of access, wider markets and good odds so far puts me off. Fairlay I like because P2P you can find good odds especially on the longshots.
2. I think the future for crypto users is non-custodial yes, but the future for betting with crypto probably lies in 2nd layer settlements (which even Ethereum is starting to use). Fees for tx is one thing, but I haven't seen smart contract fees lower than $5 since June and if you need 2 smart contracts to place and then claim winnings, it's really not ready yet for betting.
1. crypto users are actually Bitcoin users. Agree that more altcoin users are also now betting but you generally find crypto sportsbettors are just using Bitcoin. Not so much because of the tech, but the wider access. Been tempted by smart contract types like ETH and even TRX but the lack of access, wider markets and good odds so far puts me off. Fairlay I like because P2P you can find good odds especially on the longshots.
2. I think the future for crypto users is non-custodial yes, but the future for betting with crypto probably lies in 2nd layer settlements (which even Ethereum is starting to use). Fees for tx is one thing, but I haven't seen smart contract fees lower than $5 since June and if you need 2 smart contracts to place and then claim winnings, it's really not ready yet for betting.
November 19, 2020, 03:56:55 AM
Yes, we tend to target people that are already familiar with the ethereum ecosystem, and don't target BTC betting people as ethereum has a higher learning curve. Most people just want to bet with what they are familiar with, BTC, and not learn a new process which totally makes sense.
Give it a few years, and I suspect most bettors will be betting on non custodial smart contract platforms based on ethereum or a competing blockchain, none of which will require KYC.
Give it a few years, and I suspect most bettors will be betting on non custodial smart contract platforms based on ethereum or a competing blockchain, none of which will require KYC.
Thank you for the response. I actually think Ethereum was easier for me to learn than Bitcoin (but that is because I tried using a real client wallet and not custodial). With Bitcoin wallets in the beginning, you have to calculate your own mining fees and you had to choose the inputs and all that. When I first used Metamask it was very easy,,, enter password, choose spend, choose fast/medium/slow fee. But I get that what you are talking about because smart contracts are a bit different.
Problem with ETH as you say later is fees. Tx fees are already possibly a few dollars now since March so that is very painful for a sportsbetting person:)
Yes, totally agreed. A lot of the ethereum smart contract based sports betting systems are moving to a L2 ("Level 2") solution which will cut fees by 90%. Expect that early next year. You can check Poly.market which uses a L2 called Matic which has no fees. Though it's not particularly well suited to sports betting.
Also ETHv2 seeks to solve the issue with fees as well, though I'm not sure on the ETA there.
Keep watching this space though, it moves quickly!
Good luck!
November 19, 2020, 02:51:22 AM
Yes, we tend to target people that are already familiar with the ethereum ecosystem, and don't target BTC betting people as ethereum has a higher learning curve. Most people just want to bet with what they are familiar with, BTC, and not learn a new process which totally makes sense.
Give it a few years, and I suspect most bettors will be betting on non custodial smart contract platforms based on ethereum or a competing blockchain, none of which will require KYC.
Give it a few years, and I suspect most bettors will be betting on non custodial smart contract platforms based on ethereum or a competing blockchain, none of which will require KYC.
Thank you for the response. I actually think Ethereum was easier for me to learn than Bitcoin (but that is because I tried using a real client wallet and not custodial). With Bitcoin wallets in the beginning, you have to calculate your own mining fees and you had to choose the inputs and all that. When I first used Metamask it was very easy,,, enter password, choose spend, choose fast/medium/slow fee. But I get that what you are talking about because smart contracts are a bit different.
Problem with ETH as you say later is fees. Tx fees are already possibly a few dollars now since March so that is very painful for a sportsbetting person:)
November 19, 2020, 01:14:42 AM
I think tons of people get fairlay confused, fairlay is not a sportsbook, fairlay is a peer to peer exchange
This is what you get when you have people just going through threads of services they have never even used themselves,,, just posting and smearing and thinking they are doing everybody favors.
@Degens BTC is able to use smart contracts just not as easily I would say as Ethereum,,, I do not know how to myself. But this is also the other problem with non BTC to me,,, gamblers are chiefly BTC betting people:)
Yes, we tend to target people that are already familiar with the ethereum ecosystem, and don't target BTC betting people as ethereum has a higher learning curve. Most people just want to bet with what they are familiar with, BTC, and not learn a new process which totally makes sense.
Give it a few years, and I suspect most bettors will be betting on non custodial smart contract platforms based on ethereum or a competing blockchain, none of which will require KYC.
are you saying BTC people are dumb? what do you mean higher learning curve
No not at all.
Using Degens has a higher learning curve for BTC dudes, as it requires learning what Metamask is/does. It requires using a DEX such as uniswap to convert ETH to DAI. It requires understanding a Betfair-like interface with back/lays bets. It requires understanding the concept of gas, and why it can be high/low at any given point.
Compare this to telling a person to send BTC to nitrogen.eu and place a bet at a familiar sportsbook interface.
So unless the user was already very familiar with the ethereum space, I'd recommend they use nitrogen or fairlay to be honest due to the high learning curve.
i didnt saw that he said dumb . higher learning curve on eth means there is more to learn on eth than on btc which is i think true , he already explain the rest of the reasons . btc was like a plug and play while in eth, theres a need to setup some settings .
setting up a metamask is mostly avilable for eth . converting eth to dai is like converting your btc to other coins . last is the gas fee for eth , we also have transaction fee on btc . pretty much they are identical to each other except from the metamask and the interface of a gambling site for eth is unusual but if we use those more often we can be faniliar on them too . most people are just foccusing on btc betting sites
Degens also has a big disadvantage over Fairlay. On Degens, for each taker bet, you need to pay a gas cost which could be pennies or dollars. And you must wait for the tx to complete before the trade is completed. Most of our active users have paid $100+ in gas in their lifetimes.
Also if you win a bet, you must also 'claim' your winnings which has another gas cost associated with it.
Also I believe Fairlay has lower costs than the 0.5% commission that Degens trades on winning bets.
So the only people who may consider leaving Fairlay to join Degens are those that don't want their funds in some guy's custody, don't want to do KYC, or who live in countries that are geographically blocked. For 99% of users, I'd suggest they just stick with Fairlay as they have been around forever with zero reported issues and have the lowest fees on the planet if I'm not mistaken.
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