Topic: FAIRLAY - SPORTS BETTING for experts - highest liquidity, provably best odds - page 81. (Read 135594 times)

i know that but you claim yourself a betting exchange like betfair. what right do you have to void a transaction on a market? You are not a sportsbook. when users see a matched bet on your platform they are not expecting it to be voided for no reason.

if you are matching user's bets yourself like a sportsbook according to other's rules (pinacle), you should stop presenting yourself like a betting exchange

@acegilz   There was no bug. We just voided a bet, that was matched after the game already started - as we did many times before. This is quite common in the industry - not with Betfair, but with many other exchanges.  Nothing really happened here.

There are alternative, you should try betbtc. Same concept but optimised execution, no bugs like these, api works, traffic increasing. check review: http://www.bitedge.co/bitcoin-sportsbook-reviews/betbtc-review/

lol,  nobody gives a shit on this issue so on the site itself too


i asked you half a year ago to put simple button next to the search box but you do not listen to your users, you do nothing , your API does not work , the site development is stopped, so i hope you will suck it and go bankrupt

From fairlay:
"we like to inform you that our policy to void bets matched after the game went inplay will not be revisited.  As we state on every betting page we are settling according to Pinnacle.  We therefor cancel a bet if it was offered with a clearly incorrect line or if has been matched after the match started (see Pinnacle rules).  This policy is not only fair, it also enables everyone to hedge their fairlay positions on pinnacle without any settlement risks. "


So imagine pinnacle offers a wrong price :  1.23 -  5.1 ,   but the correct price is  5.1 - 1.23  , pinnacle makes this error and the so called market maker copies this error

Later pinnacle void all those bets that was placed on this match with the incorrect price, so does fairlay and market maker gets back  his funds

I am only a simple user, so imagine if the market is empty (no prices at that moment)  because a lot of bets was placed on valid prices (5.1 - 1.23)  
I am as a simple user can offer whatever price because this is an exchange (or not? ) , so suppose i misspell the prices and unfortunately swap them and i offer   1.23 - 5.1

So what will happen in this case?    
Will fairlay cancel my matched bets?   or only the insider market makers  (who are not exists)  has such cancelling rights

The other bettor wont know that it is offered by the so called market maker or a simple user, so he cant be sure that his bet wont be cancelled.

On real exchanges all users are equal.


I think fairlay is not an exchange, they redirect all of their bets to pinnacle sports , so they can call the settled fixtures pinnacle api method on every bet to determine how to settle them
(This is the real reason why it took more than 30 hours to settle my bet)

Fairlay cancelled my bet.  

The so called "market maker" make an error (that is his fault, his responsibility) and the bet was cancelled.( so i lost my winnings while the error maker got back his stake)


My last issue with a real exchange was Betfair,  which is the biggest one

Betfair "offered" a market that had half time total points as full time, there was also a "market maker"/another bettor who noticed this and made a trap,  because my application had a bug i went into the trap an lost the bet.   I asked Betfair to cancel my bet but they refused it, said it would not be fair to the other user. (who made the trap .. )    (I will quote later this conversation. )


On an exchange users play against each other funds, the site is only a mediator.

If one user makes an error (for example: does not manage correctly the price changes, going live etc. ) then there is no possibility to revoke/cancel matched bets .  (on a real exchange)

But as you can see fairlay thinks they have the right to override the contract (matched bet) that was made between 2 users.  
(A real exchange like Betfair as you can see will never cancel matched bets)


I will share more on this issue, whether fairlay is a real exchange or not  

 

I hope after the super bowl you will have enough btc to grade my bet (ended more than 28 hours ago) or perhaps we will never see our funds again

I also have a (winner) bet from yesterday that is not graded.

i have a bet  which hasnt been graded since wednesday
i sent an email. no answer.

fairlay, take care of your customers please

Please grade a bet made last Monday...thanks


Cleveland Cavaliers @ Indiana Pacers

Game Over/Under 208.5
Source: http://www.pinnaclesports.com/en/help/betting-rules

Closing date: Feb. 2, 2016, 12:10 a.m. (1 day, 22 hours ago)
Resolution date : Feb. 2, 2016, 2:10 a.m. (1 day, 20 hours ago)
Total predictions: 2
Total placed: 201.49 mBTC
Outcomes: Over 208.5
Status: Closed

Hi! Trying to use your API, but the response time is often > 5s! Any plans to work on this?

Thanks for making fairlay.com

Sorry for the problem - but it should have been only a few minutes. We have been restructuring the categories.

By the way - we have improved our "news" section by a lot. Check it out - currently hot bets are on the Iowa Caucus and the first primaries - Hillary to win Iowa at 60% - do you agree? https://www.fairlay.com/event/category/news/us-presidential-election/all/

Recently Ashton Kutcher was tweeting that Bitcoin might be a hedge against Sanders or Trump: here is how you truly hedge with Bitcoin against them: https://twitter.com/FairlayDev/status/693146705877929984

Are you guys having problems on your end? I don't see any "SPORTS" menu on the home page? It was working earlier today...

@sbrzol good point about the special characters.  We had to make some arrangements but can remove them in the future.

We will think about your search button. So far noone else ever requested it.

You can change it if  509.999 from 510.00 matched then FULLY MATCHED.   (you can keep  that 0.0001 )

Also change non standard characters back to standard characters:  for example:     Hyères, København Håndbold     nobody will type èøå     nobody will find these teams via search box

I also asked you to add a search button to your page more than a half year ago , because now only the enter key works (and if i copy paste text by mouse i want to use it for start the searching too)

(To add a search button it takes 1 minute )

The Aussie Open is about to start. Get the best odds here: https://www.fairlay.com/event/category-decimal/tennis/all/match/

Hey guys, the site should be much faster now.

Good luck!

@sbrzol  This happens only with lay bets where it is sometimes not possible to match the exact desired amount due to rounding issues. When it says 510mBTC out of 510mBTC it is really something like 509.999 out of 510mBTC.  Anyway we will see if we can  change the message.

Here is the bug that costs me 0.54 btc



THE LAST 2 BETS IS ALSO FULLY MATCHED BUT FAIRLAY SYSTEM BUGS AND GIVES PARTIALLY MATCHED  TEXT.  

If your bets are fully matched you will get this misleading warnings every 3rd - 4th time.

So it is possible if you are in a hurry then you ignoring partially matched warnings because in those cases almost all of them are fully matched, but sometimes it is really partially matched like in my case after about 50 fully matched bets.  (at least 15- 20 wrongly showed partially matched. )



 

Thanks! By the way: We offer a affiliate deal as well. We offer 0.1% on each bet of your referral. You can withdrawal all money instantly without any minimums. This might be a lower percentage compared to other sides but with limits up to 100BTC per bet it can still generate significant revenue. Just copy your link from: https://www.fairlay.com/user/referrals/