FAIRLAY - SPORTS BETTING for experts - highest liquidity, provably best odds - page 8.

nrd525

legendary

Activity: 1868

Merit: 1023

Quote from: nrd525 on October 03, 2020, 10:27:33 PM

A possible very serious bug. I placed four bets for Biden on this market (at 50%) and they were accepted as bets AGAINST Biden.
https://fairlay.com/market/us-president-election-winner-2020/

I have been unable to reproduce this bug today. So I was possibly doing a mistake with the UI, but if anyone else ever has an issue like this - please let support know so they can figure it out.

Note: these were limit orders. So I was trying to put them on the order book.

danshan11

member

Activity: 200

Merit: 42

Well Biden is -160 so I am not sure how you put a bet in on Biden at 50%

nrd525

legendary

Activity: 1868

Merit: 1023

A possible very serious bug. I placed four bets for Biden on this market (at 50%) and they were accepted as bets AGAINST Biden.
https://fairlay.com/market/us-president-election-winner-2020/

nrd525

legendary

Activity: 1868

Merit: 1023

There is a strange bug where when I place a maker/taker order for Trump No in the Presidential Election Winner contract it lists it as "Paul Ryan". It seems to be just a display error, and the order is actually for Trump. The display fixes if I reload the page. I've seen this happen 7+ times (every time I place an order).

nrd525

legendary

Activity: 1868

Merit: 1023

Support says: "Unfortunately it's not possible within our system to close your position. You can only hedge (part of) your funds by placing opposing order."

danshan11

member

Activity: 200

Merit: 42

that is a valid point, but having 1 mbtc in reserve to solve any position you want out of is not a big ordeal but I understand your point

nrd525

legendary

Activity: 1868

Merit: 1023

It is silly to have to logon to an exchange, buy 1 mbtc, possibly pay a transfer fee, send it to fairlay and then do multiple trades to clear a position. Especially if you want to clear a larger position using limit orders, you'll either be waiting a long period or need more funds.

Currently all of my btc is on Fairlay. So this also means I get to do another trade on Coinbase and this complicates my capital gain tax spreadsheet (it takes me several hours or more per year to do this - and I only do a very small number of trades).

I'm more active on PredictIt. Their UI has a couple issues, but it definitely handles this matter a lot better. It also gives you "Shares" in Yes or No which make it a lot easier to see your net position (as this is shown when you are viewing the market) and to close out a position without overshooting or undershooting it.

danshan11

member

Activity: 200

Merit: 42

Quote from: nrd525 on September 27, 2020, 07:56:38 PM

When I have zero funds on balance, it lets me place orders smaller than my confirmation limit. It doesn't let me place orders greater than my confirmation limit.

Also it provides a prompt with two options: cancel and confirm. The cancel option works and the confirm one does not. Giving the user an option to choose that does nothing is silly.

Ideally if you have zero funds on balance you should be able to place bets that would reduce your overall position and return funds to your balance.

I think that letting people place bets with zero funds is silly. I think they are creating bets that become activated when you get funds from settlement of other bets (or deposits), but that seems like a process that could mess up the users when they forget about their outstanding bets.

its simple enough to deposit 1mbtc to clear a position

and the other issue I have no idea I will try and reproduce it and see what happens with no balance and then balance and let fairlay know

nrd525

legendary

Activity: 1868

Merit: 1023

When I have zero funds on balance, it lets me place orders smaller than my confirmation limit. It doesn't let me place orders greater than my confirmation limit.

Also it provides a prompt with two options: cancel and confirm. The cancel option works and the confirm one does not. Giving the user an option to choose that does nothing is silly.

Ideally if you have zero funds on balance you should be able to place bets that would reduce your overall position and return funds to your balance.

I think that letting people place bets with zero funds is silly. I think they are creating bets that become activated when you get funds from settlement of other bets (or deposits), but that seems like a process that could mess up the users when they forget about their outstanding bets.

danshan11

member

Activity: 200

Merit: 42

Quote from: nrd525 on September 27, 2020, 04:54:21 PM

UI Bug - if you have zero funds and try to place an order it will let you do it up to the limit that you have set on your account for doing orders without confirmation.

If your bet equals or exceeds the "confirmation limit" you get the option to "confirm", but clicking on it doesn't do anything.

I'm surprised that bugs like this still exist! Hasn't the new UI been around for a while...

how is that a bug? it does not let you actually place an order it just goes through the process and checks it before it confirms

danshan11

member

Activity: 200

Merit: 42

you can buy yourself out of a position with 1 mbtc
just buy other side for 1 then 2 then 4 then 8 etc

nrd525

legendary

Activity: 1868

Merit: 1023

UI Bug - if you have zero funds and try to place an order it will let you do it up to the limit that you have set on your account for doing orders without confirmation.

If your bet equals or exceeds the "confirmation limit" you get the option to "confirm", but clicking on it doesn't do anything.

I'm surprised that bugs like this still exist! Hasn't the new UI been around for a while...

nrd525

legendary

Activity: 1868

Merit: 1023

Can I not close my positions if I don't have any funds? If I am reducing the size of my bet - this should be allowed! I tried it and it said that I lacked funds. Though it still let me place an order on the order book with a "0" for liquidity.

nrd525

legendary

Activity: 1868

Merit: 1023

It'd be nice to have features that would help you close out your position in a market. For instance, if I have Biden to be the Dem nominee on Nov 3, but want to sell off my position - how do I do this?

It would be useful to have a statement on my overall market position when I'm looking at the market. Otherwise I have to sum up the shares in my Orders page.

Is there anything else I'm missing? I'm slightly confused as to how I can close my position if I say bought Biden Yes at 90% and now want to sell it at 95%. I think if I use the amount that is "matched" I might be overshooting (end up with a position going the other way) or undershooting (not closing all of my position).

danshan11

member

Activity: 200

Merit: 42

Check out my interview on the business of betting podcast

https://soundcloud.com/businessofbetting/ep-147-modeling-is-dead

danshan11

member

Activity: 200

Merit: 42

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danshan11

member

Activity: 200

Merit: 42

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danshan11

member

Activity: 200

Merit: 42

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danshan11

member

Activity: 200

Merit: 42

thank you and as always any suggestions for the app are appreciated

Liquidoptions

sr. member

Activity: 248

Merit: 637

Quote from: danshan11 on September 06, 2020, 10:35:20 AM

we really cleaned up the interface and order. We reorganized things so it is so much easier to find markets.

if you have any questions let me know

app is looking good, keep up the good work

Topic: FAIRLAY - SPORTS BETTING for experts - highest liquidity, provably best odds - page 8. (Read 135445 times)