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Topic: PrediMarket.net - Temporary shut down announcement (Read 2741 times)

newbie
Activity: 57
Merit: 0
Is there any update regarding PrediMarket? I really liked your website while it was up, and I really respect you for returning all balance money before shutting it down.

I really hope you will soon be back up!
legendary
Activity: 1162
Merit: 1002
Respect for not running away with clients money, It shows that you are a good book, and because you also realized that money management is very important, that adds on to you being very good. If you guys decide to come back, I will be waiting. Good luck in the future.

Yes, I can confirm they paid my balance before shutdown the site.
member
Activity: 168
Merit: 12
Respect for not running away with clients money, It shows that you are a good book, and because you also realized that money management is very important, that adds on to you being very good. If you guys decide to come back, I will be waiting. Good luck in the future.
member
Activity: 63
Merit: 10
Advanced Sportsbook Exchange
Temporary shut down announcement

Please see original post for details.
member
Activity: 63
Merit: 10
Advanced Sportsbook Exchange
Here are our odds for the Full Time Result market of this upcoming game:

Tottenham vs Leicester
Premier League - Round 10
29 Oct 2016 14:00:00 UTC

 | Min Depth | Avg Depth | Max Depth
Back Home | 1.707 (0.00010000 BTC) | 1.636 (0.08640000 BTC) | 1.426 (0.48670000 BTC)
Back Draw | 4.014 (0.00010000 BTC) | 3.678 (0.04290000 BTC) | 3.416 (0.08580000 BTC)
Back Away | 5.708 (0.00010000 BTC) | 5.238 (0.02680000 BTC) | 4.866 (0.05360000 BTC)

 | Min Depth | Avg Depth | Max Depth
Lay Home | 1.742 (0.00010000 BTC)  | 1.831 (0.08640000 BTC)  | 1.999 (0.20730000 BTC)  |
Lay Draw | 4.096 (0.00010000 BTC)  | 5.253 (0.08640000 BTC)  | 32.232 (0.19290000 BTC)  |
Lay Away | 5.826 (0.00010000 BTC)  | 7.865 (0.06480000 BTC)  | 42.581 (0.12970000 BTC)  |

Check out more games and markets at predimarket.net!
Very high odds, Instant Deposit and Withdrawal
newbie
Activity: 57
Merit: 0
@bestgr

Thank you for your suggestion!

After discussing it internally, we think it's an excellent idea and we will implement in our next release. I cannot tell you now what the wages threshold will be but it will be certainly made public when the new version of the website goes live.

Great to hear.

Could we chat on Skype? I have some other things that I would like to discuss with you. If so, please PM me your skype id and I will add you.
member
Activity: 63
Merit: 10
Advanced Sportsbook Exchange
@bestgr

Thank you for your suggestion!

After discussing it internally, we think it's an excellent idea and we will implement in our next release. I cannot tell you now what the wages threshold will be but it will be certainly made public when the new version of the website goes live.
newbie
Activity: 57
Merit: 0
@bestgr

Again thanks for your feedback.

Skipping the human verification step would actually save us a significant workload.
We'll keep collecting opinions here and there and if people are willing to take the risk of an error, then we will grade the bets automatically: theoretically, it means players would get their payoffs about half an hour after the end of the game.

An idea on something you can do in order to not have this situation is to automatically grade all events where the total amount placed is less than X amount. This way, all the non-popular events will be graded really fast since they won't have many bets on them, and the most popular ones will be done manually. This way, even if an error on automatic grading happens, you won't lose much money, since the event has a small amount of bets.

I think this could save you lots of man-hours, without risking much.
member
Activity: 63
Merit: 10
Advanced Sportsbook Exchange
@bestgr

Again thanks for your feedback.

Skipping the human verification step would actually save us a significant workload.
We'll keep collecting opinions here and there and if people are willing to take the risk of an error, then we will grade the bets automatically: theoretically, it means players would get their payoffs about half an hour after the end of the game.
newbie
Activity: 57
Merit: 0
Thanks for your input!

I think bullets 1) and 3) can be implemented in our next release.
I am not so sure about 2) because of space management reasons (website has to functional from both desktop and mobile).

As for bullet 4), the cashout has been disabled for the time being (it was accessible from the Action drop-down button). Actually, it was functional when we offered only back bets but with the introduction of lay bets, it needs to be reworked to allow not only a full resell of the bet but any fraction (from 0% to 100%) of it. I am not sure if this is clear from the website in its current form.
But anyways, the cashout actually consists in placing a bet in the other way to counter your current position. For example, if you had a back bet on the Home victory, the cashout would place a lay bet on the Home victory with the same "magnitude" but with a cost calculated according to all the wages placed on the market so far. As a result, in practice, you can still cashout "manually" by placing an inverse bet: the cashout option simply made the exact match for you in terms of magnitude and made it clearer for the user.

Edit: Just saw your edit. The results of the fixtures are received automatically but we do require a manual confirmation of it before settling the bets. I understand it is a hindrance for players but if by any chance the result set for the fixture is not right (data provider mistake or whatever), then it might be difficult to reverse the payments as players could withdraw their money immediately. We could actually get rid of this manual confirmation step if we state that the game result as set in our system is subject to errors but cannot be argued about. Note that when I say errors might occur, it is probably around 0.1% of the time but still, the player experiencing it will be (legitimately) angry. You seem to be a seasoned gambler: do you think players would accept such terms i.e. trading game result reliability (0.1% of the time) against fast settlement?

Thanks for your reply. I totally understand what you mean about the settlement and I agree that you need to protect yourselves from such mistakes. To be honest, personally, I would prefer having fast settlements by sacrificing the fact that you have the right to revoke a payment in case of grading mistake, but, as you said, other people might be very angry seeing their payment revoked. So, I am not sure I can advise you on that matter, beyond my personal opinion.

Thanks for taking suggestions into account! Keep up the good work. I really like your website so far.
member
Activity: 63
Merit: 10
Advanced Sportsbook Exchange
Thanks for your input!

I think bullets 1) and 3) can be implemented in our next release.
I am not so sure about 2) because of space management reasons (website has to functional from both desktop and mobile).

As for bullet 4), the cashout has been disabled for the time being (it was accessible from the Action drop-down button). Actually, it was functional when we offered only back bets but with the introduction of lay bets, it needs to be reworked to allow not only a full resell of the bet but any fraction (from 0% to 100%) of it. I am not sure if this is clear from the website in its current form.
But anyways, the cashout actually consists in placing a bet in the other way to counter your current position. For example, if you had a back bet on the Home victory, the cashout would place a lay bet on the Home victory with the same "magnitude" but with a cost calculated according to all the wages placed on the market so far. As a result, in practice, you can still cashout "manually" by placing an inverse bet: the cashout option simply made the exact match for you in terms of magnitude and made it clearer for the user.

Edit: Just saw your edit. The results of the fixtures are received automatically but we do require a manual confirmation of it before settling the bets. I understand it is a hindrance for players but if by any chance the result set for the fixture is not right (data provider mistake or whatever), then it might be difficult to reverse the payments as players could withdraw their money immediately. We could actually get rid of this manual confirmation step if we state that the game result as set in our system is subject to errors but cannot be argued about. Note that when I say errors might occur, it is probably around 0.1% of the time but still, the player experiencing it will be (legitimately) angry. You seem to be a seasoned gambler: do you think players would accept such terms i.e. trading game result reliability (0.1% of the time) against fast settlement?
newbie
Activity: 57
Merit: 0
I placed a couple of bets and I have some initial suggestions.

1) On active bets under "account", display the resolution date, so that we can quickly know when the bet is settled.
2) Display both the value at bet time (which is the amount the user risked) and the value if win, without having to click the "Action" button
3) Display the actual odds at which the bet was placed. Now in order to see that, I need to divide the two values.
4) I still haven't found how I can "cashout" a bet before its resolution time. I think it needs to be somewhere clear.


Edit:
One of the events where I bet finished more than an hour ago, but the bet still hasn't been graded. I take it grading is performed manually rather than automatically? If yes, this is the biggest change you should implement. The MOST important things to bitcoin gamblers are fast deposits/withdrawals, high limits and fast grading of bets so they can re-bet.
newbie
Activity: 57
Merit: 0
Hi bestgr,

Sorry about your misfortune but thanks for reporting: we will investigate the issue asap.

Meanwhile, you can send me a private message with the e-mail you used for registering: I'll enable your account directly.

Best regards,
PrediMarket

Thanks. My account is activated now. I sent you a PM about my deposit.
member
Activity: 63
Merit: 10
Advanced Sportsbook Exchange
Hi bestgr,

Sorry about your misfortune but thanks for reporting: we will investigate the issue asap.

Meanwhile, you can send me a private message with the e-mail you used for registering: I'll enable your account directly.

Best regards,
PrediMarket
newbie
Activity: 57
Merit: 0
I tried to register, but I haven't received the verification e-mail yet (not even in spam) and it has been more than 8 hours. And, the website does not have any option to re-send...
member
Activity: 63
Merit: 10
Advanced Sportsbook Exchange
@braila

Sorry but I don't really understand your concern.

Why have we low margins? To attract bettors.
Is this site a scam? No, otherwise you can be sure people would have raged in the thread.
newbie
Activity: 32
Merit: 0
hi predimarket, please tell me why your site have just 1% margin. this site is  not an exchange.please argument why i should bet here. many bitcoin sportsbook have in the past greate odds just for attract bettors and then close the site. how many bettors have this sportsbook site to trust. in this forum is not verry much activity. thanks.
member
Activity: 63
Merit: 10
Advanced Sportsbook Exchange
Here are our odds for the Full Time Result market of this upcoming game:

Chelsea vs Leicester
Premier League - Round 8
15 Oct 2016 11:30:00 UTC


|Min Depth|Avg Depth|Max Depth
Back Home|1.718 (0.00010000 BTC)|1.641 (0.07260000 BTC)|1.401 (0.45290000 BTC)
Back Draw|4.149 (0.00010000 BTC)|3.761 (0.03680000 BTC)|3.467 (0.07360000 BTC)
Back Away|5.345 (0.00010000 BTC)|4.853 (0.02610000 BTC)|4.472 (0.05230000 BTC)

|Min Depth|Avg Depth|Max Depth
Lay Home|1.735 (0.00010000 BTC)|1.832 (0.07260000 BTC)|2.037 (0.18160000 BTC)
Lay Draw|4.193 (0.00010000 BTC)|5.584 (0.07260000 BTC)|41.847 (0.14650000 BTC)
Lay Away|5.403 (0.00010000 BTC)|7.281 (0.05500000 BTC)|36.430 (0.11000000 BTC)

Check out more games and markets at predimarket.net!
Very high odds, Instant Deposit and Withdrawal
member
Activity: 63
Merit: 10
Advanced Sportsbook Exchange
Here are our odds for the Full Time Result market of this upcoming game:

Sparta Prague vs Inter
UEFA Europa League - Round 2
29 Sep 2016 17:00:00 UTC


|Min Depth|Avg Depth|Max Depth
Back Home|3.242 (0.00010000 BTC)|3.181 (0.04410000 BTC)|3.123 (0.08830000 BTC)
Back Draw|3.343 (0.00010000 BTC)|3.280 (0.04220000 BTC)|3.220 (0.08440000 BTC)
Back Away|2.485 (0.00010000 BTC)|2.438 (0.06730000 BTC)|2.393 (0.13460000 BTC)

|Min Depth|Avg Depth|Max Depth
Lay Home|3.275 (0.00010000 BTC)|3.389 (0.07500000 BTC)|3.590 (0.18750000 BTC)
Lay Draw|3.376 (0.00010000 BTC)|3.500 (0.07500000 BTC)|3.718 (0.18750000 BTC)
Lay Away|2.510 (0.00010000 BTC)|2.568 (0.07500000 BTC)|2.663 (0.18750000 BTC)

Check out more games and markets at predimarket.net!
Very high odds, Instant Deposit and Withdrawal
member
Activity: 63
Merit: 10
Advanced Sportsbook Exchange
Here are our odds for the Full Time Result market of this upcoming game:

Atl. Madrid vs Bayern Munich
UEFA Champions League - Round 2
28 Sep 2016 18:45:00 UTC


|Min Depth|Avg Depth|Max Depth
Back Home|3.113 (0.00010000 BTC)|3.053 (0.04680000 BTC)|2.997 (0.09360000 BTC)
Back Draw|3.297 (0.00010000 BTC)|3.234 (0.04290000 BTC)|3.174 (0.08590000 BTC)
Back Away|2.594 (0.00010000 BTC)|2.544 (0.06240000 BTC)|2.497 (0.12480000 BTC)

|Min Depth|Avg Depth|Max Depth
Lay Home|3.145 (0.00010000 BTC)|3.250 (0.07470000 BTC)|3.433 (0.18690000 BTC)
Lay Draw|3.330 (0.00010000 BTC)|3.452 (0.07470000 BTC)|3.666 (0.18690000 BTC)
Lay Away|2.620 (0.00010000 BTC)|2.686 (0.07470000 BTC)|2.796 (0.18690000 BTC)

Check out more games and markets at predimarket.net!
Very high odds, Instant Deposit and Withdrawal
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