It sounds v decent, no KYC obviously a huge attraction. What is the commission rate? Does it work just like on Betfair (5-7% base rate with discounts for volume players)? Or better? And what about premium charge?
Really appreciate the info, bit of an eye-opener after using vanilla Betfair for so many years!
commission in both of Orbit and 9wickets is 3% on winnings , which is lower than the standard betfair but as I understood from support commissions don't get lower lower even if you wager hundred of thousands with them unlike betfair where high rollers get discounts
I didn't get what you mean about premium charge , can you explain it ?
Many thanks for the replies and info over the weekend guys!
I've looked at asainconnect thanks sy and they do seem to provide an immediate sticking plaster solution to my problem of betting bitcoin on betfair exchange but it's not really the same as my user experience with betfair where my decisions are acted out instantaneously and I'm driving the ship so to speak!
Also ,do you know if can we gain api access to the exchange through Asianconnect pls? I couldn't find any info regards api access on their site?
To answer your premium charge question on betfair,they very cleverly market the exchange as a "5% commission paid on winning bets" as they're general rule of thumb.
However the actual reality is that for a long term winning bettor on betfair their pricing structure and premium charge means you will pay a MINIMUM of 22.5% ish in commission,staggering I know! (I generally hover between 21% and 25% myself....21% means I'm on a good run...25% makes me cry a lot lol)
There's a huge market out there for a low cost fully functional betfair type experience using crypto and frankly given the tech know-how there is in the field im amazed it hasnt been put on the market yet! If the crypto sportsbooks are exploding as im reading about then quite simply an exchange has to follow!