Love the look of your site guys, visually it's superb. I haven't had chance to bet with you yet, I'm a bit of a creature of habit with my sports betting site choices. I will keep my eye on this site though. Hope to see you guys do well.
Thank you!
Example:
Philadelphia - Golden State (Match Winner)
Pool: 1 BTC on 1st team + 1 BTC on 2nd team
Calculated fixed odds: 1.95 - 1.95
1.95 is good for Golden State
but 1.95 for Philadelpia
Is my calculation correct?
and you never know what will be the odds because the pool can get a big stake at any time (1 sec before the market closed)
Assuming that both sides have 1 BTC in them, the multipliers (not odds) would be 1.95 - 1.95.
What that means is that if you bet 1 BTC on one side and win, you get 1 BTC (your initial bet) plus 1 BTC (your share of the losing pool) minus the 2.5% house fee making it a net payout of 1.95 BTC. We agree that the explanation could be simplified. We appreciate your feedback
So if you do not explain your site to your customers (better) then i, or anybody who knows what Parimutuel betting is, can mislead/manipulate all newcomers/noobs (who thinks this is a fixed odds site) with "invalid" odds ( put stakes into the pool that will generate such odds that will attract the newcomers, but they do not know that those odds will change by the manipulator before the match begins)
All valid points. I agree there needs to be a more obvious way of knowing what parimutuel betting is. Perhaps adding a beginner's guide button somewhere in the site to briefly explain how the site works.
The site is a good one. Nice GUI right there.
I have one request for you. Can you allow us to place bets without signing up?
This will help to achieve the true purpose of using bitcoin: "Anonymity"
Also try to introduce E-sport games like CS:GO which will earn more visibility.
Thanks for your compliment and suggestions
Initially our team designed the prototype last year to cater for anonymous bets but eventually changed it to an account system. The reason being is that since we're dealing with people's money, it's important for us to have a way to reach our customers and the common way to do that is by email
I forgot to mention in my introductory post but by having an account with us, you can enable 2FA with Google Authenticator to protect your account.
But don't worry, though. I think there might be certain UX implementations that our team can come up within the next couple of weeks. It just needs to be done according to the principles we hold. The implementation should be easy-to-use, sustainable, and most importantly secure.