Topic: lay with no liability (Read 3085 times)

Yes that's fine. Once you create it we'll see it and can unlist it for you. That way, only those with the direct link will be able to view.

you should check out http://xbet.io/categories/oracles you can make any bet you would like and your bets are made "on-chain".

that way your bets are transparent and so are those of the users who make the opposite bet.

bets are matched directly against each other. if there is a remainder, anyone can match it or it could get expired.

Yes, this is a fixed-odds bet where you are staking $10USD and offering odds of 2.00x.

Here's what you do:

1. Signup/login.

2. Go to your balance page and send your 0.025 BTC to that unique deposit address.

3. Go to "All Bets" at the top, then click "+New Bet" (blue button top right)

4.
i. Write out the details of your bet (for example, Title: "Who will win the basketball game?", Description: "This bet is about the winners of Basketball match between team A and B", Outcome: "I will use espn.com to verify results.", Deadline: Whenever the last bet can be accepted (right before the match maybe?). Outcome: when will you know the answer (time at the end of the match)).
ii. For the 'Bet Type' select "Fixed Odds".
iii. For the options, click "Multi-Option" and write in "Basketball team A" and "Basketball Team B" (whatever your teams are). For 'Stake', set it to 0.01 each (we require each option to have 0.01 stake in order for the bet to get created, otherwise it won't work), then for "Set Odds", set each one to "2".

4. Click Create

5. Once you are on the created bet page, scroll down and you will see "My Offers". Cancel out your stake by editing the 'Unmatched' column to '0'. This refunds your stake.

6. Click 'Offer Odds' right above where 'My Offers' was.

7. This is the part you decide; if you want to give someone 0.025 BTC if Team B WINS (Team A loses), then you need to make an offer on Team B (called a 'lay bet' - means you will win if Team B loses (Team A wins), and the other person will win if Team B wins (Team A loses)). Make the Odds 2, and your amount 0.025 BTC.

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Don't worry, we will watch over this and if anything goes wrong we can cancel your bet so there's no risk.

Let me know if anything is not clear - you can also ask us something in the 'Chat' on the site.

Cheers

Sure - thanks for your question.

The "covered" odds are the ones you will get an immediate match for (because some else is already willing to take the other site) The "open" odds are always better but you have to wait that someone else will "take" them. The open odds are a suggestion from our site and they are calculated just to outbid the best current open bet on this site. Thus if you place a open bet on the yes side - the next one how uses the "covered" odds on the "no" side will match your bet.

Click on "[Show additional stats]" to view the order book and try the advanced form to see how yes/ and no odds correspond. That might make thinks more clear.

Yes - nothing has matched so far - but the open 2 bets are from other users - from the records I can see you have not placed a bet yet, did you?

If yes - on what, how much und to what odds?

What do you mean? I can not find a open bet of yours on this event: https://www.fairlay.com/predict/registered/new/usa-afl-arena-bowl/
Actually a bet on Cleveland would find a direct match from the open one?

Yes - there is. Sept 1st we're launching our fixed-odds build, it will allow you to set your own odds (up to 30% arb "overround" allowed). You also earn our regular commission as a host (0.5-1% from the total bet payout). We'll be rolling it out Sept 1st, if you want, sign up and we'll email you to remind you when we're done!

Also if you have any feedback or questions, please let me know,

Adam

Hi bong888, thanks for adding this event:

https://www.fairlay.com/predict/registered/new/usa-afl-arena-bowl/

I think if you are willing to bet (lay) on Cleveland Gladiators with 2.0 odds you will get action pretty soon.

We aren't done fixed-betting yet. When we are, you will be the one laying (being the counter party).

What you're trying to do here works with our current model (ie what is available on the site right now): the winners get paid from the losers.

You're asking people to send YOU funds personally without knowing how many other bettors are in or what their offers are. What if I send you funds but then no one else does? How can I be sure I will get my coins back? See the problem? That's why those folks will come to a transparent/dedicated/automated/"smart" service to make bets that will be auto-refunded if a bet doesn't match up.

P.S: You can host your bets for free and without any deposit on BetMoose. For example, here's one someone created and has not placed any wagers within their own bet:

___________

Who gets more starts: Bridgewater or Manziel? Options: Yes | No

Hey bong,

We're adding fixed-odds betting to BetMoose, it will allow you to create and offer these odds on whatever event you want to create. Except it's transparent and securely escrowed. Please sign up at https://www.betmoose.com/register and we will email you when it's ready. You'll earn commissions from creating these offers too.

Cheers

I'll back Phoenix, I'll send 0.01BTC. What's your BTC address?

Offer your odds for another match, I'll place a small bet. What's your min. bet amount? Don't say 1 BTC.

First where are the "picks" going to be posted?    What do we need to "say" or post on here to make a contract with you?  You seem very wishy washy, are you legit looking for bets or not?

Also, it's confusing the way you're doing it.  Do we pick who we want to win, or who we want to lay (which means lose?)

Just go to below thread and ask top 5 escrow services and use them you will more then safe with them.

https://bitcointalksearch.org/topic/list-bitcointalks-escrow-providers-ranking-blacklist-avoid-scam-276897

In this forum so many escrow services available who do free service.
Try to use them and save your escrow fee, but don't forget to tip them.

I know.

I thought a lay bet would be for LA Sparks to not win though. I guess bong888 is being an odds-maker now.

I'm not 100% sure what he's saying but ok, I'd def play but we'll have to use escrow, ok?  leancuisine you got ownt though on that sparks play. 

I pick that LA Sparks will win.

Well show me the money and we could have some players 

Is this even possible? Kinda contradicts what laying is if there is no liability?

Anyone want to "lay" with no liability?

Thks