PrediMarket.net - Temporary shut down announcement - page 2.

PrediMarket

member

Activity: 63

Merit: 10

Advanced Sportsbook Exchange

Here are our odds for the Full Time Result market of this upcoming game:

Dortmund vs Real Madrid
UEFA Champions League - Round 2
27 Sep 2016 18:45:00 UTC

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Back Home	\|	2.822 (0.00010000 BTC)	\|	2.772 (0.05330000 BTC)	\|	2.725 (0.10660000 BTC)
Back Draw	\|	3.540 (0.00010000 BTC)	\|	3.478 (0.03800000 BTC)	\|	3.418 (0.07600000 BTC)
Back Away	\|	2.679 (0.00010000 BTC)	\|	2.632 (0.05790000 BTC)	\|	2.587 (0.11590000 BTC)

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Lay Home	\|	2.850 (0.00010000 BTC)	\|	2.926 (0.07350000 BTC)	\|	3.053 (0.18390000 BTC)
Lay Draw	\|	3.576 (0.00010000 BTC)	\|	3.709 (0.07350000 BTC)	\|	3.943 (0.18390000 BTC)
Lay Away	\|	2.706 (0.00010000 BTC)	\|	2.772 (0.07350000 BTC)	\|	2.882 (0.18390000 BTC)

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PrediMarket

member

Activity: 63

Merit: 10

Advanced Sportsbook Exchange

@btcloi78

Do not hesitate to leave a comment if you will, it is always helpful!

btcloi78

member

Activity: 84

Merit: 10

Nice to see another sportbook exhange who accept bitcoins.I will try your site with low amounts of bitcoins.

PrediMarket

member

Activity: 63

Merit: 10

Advanced Sportsbook Exchange

Here are our odds for the Full Time Result market of this upcoming game:

Manchester United vs Leicester
Premier League - Round 6
24 Sep 2016 11:30:00 UTC

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Back Home	\|	1.826 (0.00010000 BTC)	\|	1.751 (0.07420000 BTC)	\|	1.568 (0.32690000 BTC)
Back Draw	\|	3.883 (0.00010000 BTC)	\|	3.598 (0.03920000 BTC)	\|	3.369 (0.07840000 BTC)
Back Away	\|	4.878 (0.00010000 BTC)	\|	4.523 (0.02870000 BTC)	\|	4.236 (0.05740000 BTC)

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Lay Home	\|	1.845 (0.00010000 BTC)	\|	1.937 (0.07420000 BTC)	\|	2.123 (0.18570000 BTC)
Lay Draw	\|	3.923 (0.00010000 BTC)	\|	4.750 (0.07420000 BTC)	\|	9.674 (0.18570000 BTC)
Lay Away	\|	4.929 (0.00010000 BTC)	\|	6.493 (0.07420000 BTC)	\|	34.010 (0.15630000 BTC)

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PrediMarket

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Activity: 63

Merit: 10

Advanced Sportsbook Exchange

@DarkStar_

Thank you for your input, it is really appreciated

The margin is not set in stone and we will probably change it soon.

Taking Man U vs Southampton as an example, it is true that Fairly offers a lower margin at this moment (1.13% according to my calculations) for back odds.
However, BetBtc which is also an exchange offers 2.6% on that game.

It is not always easy to find a fair margin/commission but I can improve that.

For example, I updated the prices and limits of Man U vs Southampton:

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Back Home	\|	1.597 (0.00010000 BTC)	\|	1.519 (0.07920000 BTC)	\|	1.222 (0.76520000 BTC)
Back Draw	\|	4.352 (0.00010000 BTC)	\|	3.794 (0.04110000 BTC)	\|	3.408 (0.08230000 BTC)
Back Away	\|	6.486 (0.00010000 BTC)	\|	5.676 (0.02410000 BTC)	\|	5.098 (0.04830000 BTC)

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Lay Home	\|	1.613 (0.00010000 BTC)	\|	1.716 (0.07920000 BTC)	\|	1.953 (0.19810000 BTC)
Lay Draw	\|	4.399 (0.00010000 BTC)	\|	5.887 (0.05650000 BTC)	\|	32.666 (0.11310000 BTC)
Lay Away	\|	6.560 (0.00010000 BTC)	\|	8.877 (0.03620000 BTC)	\|	41.755 (0.07250000 BTC)

What would you say of these odds/liquidity now, compared to other bookmakers?

DarkStar_

legendary

Activity: 2772

Merit: 3284

I used your example from the above post with the back odds for Manchaster United vs Southampton, and found a 2% margin, which is really bad for such a little amount compared to your old system. At Fairlay, probably your biggest competitior, the magin is 0.79%. Granted, your volume is a lot less, but the very high odds is misleading. While the odds are Fairlay are set by the bettors, your perfect 2% margins leads me to think that you set the base odds.

PrediMarket

member

Activity: 63

Merit: 10

Advanced Sportsbook Exchange

Here are our odds for the Full Time Result market of this upcoming game:

Manchester United vs Southampton
Premier League - Round 2
19 Aug 2016 19:00:00 UTC

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Back Home	\|	1.581 (0.00010000 BTC)	\|	1.504 (0.03930000 BTC)	\|	1.210 (0.37980000 BTC)
Back Draw	\|	4.308 (0.00010000 BTC)	\|	3.619 (0.02700000 BTC)	\|	3.184 (0.05400000 BTC)
Back Away	\|	6.418 (0.00010000 BTC)	\|	5.428 (0.01560000 BTC)	\|	4.776 (0.03120000 BTC)

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Lay Home	\|	1.613 (0.00010000 BTC)	\|	1.716 (0.03930000 BTC)	\|	2.073 (0.11800000 BTC)
Lay Draw	\|	4.401 (0.00010000 BTC)	\|	5.883 (0.02800000 BTC)	\|	27.716 (0.05610000 BTC)
Lay Away	\|	6.563 (0.00010000 BTC)	\|	8.883 (0.01800000 BTC)	\|	44.100 (0.03600000 BTC)

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PrediMarket

member

Activity: 63

Merit: 10

Advanced Sportsbook Exchange

Here are our odds for the Full Time Result market of this upcoming game:

Leicester vs Arsenal
Premier League - Round 2
20 Aug 2016 16:30:00 UTC

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Back Home	\|	3.516 (0.00010000 BTC)	\|	3.399 (0.02570000 BTC)	\|	3.294 (0.05140000 BTC)
Back Draw	\|	3.445 (0.00010000 BTC)	\|	3.330 (0.02650000 BTC)	\|	3.227 (0.05300000 BTC)
Back Away	\|	2.245 (0.00010000 BTC)	\|	2.188 (0.03930000 BTC)	\|	2.100 (0.10720000 BTC)

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Lay Home	\|	3.587 (0.00010000 BTC)	\|	3.798 (0.03930000 BTC)	\|	4.378 (0.11800000 BTC)
Lay Draw	\|	3.515 (0.00010000 BTC)	\|	3.715 (0.03930000 BTC)	\|	4.262 (0.11800000 BTC)
Lay Away	\|	2.290 (0.00010000 BTC)	\|	2.355 (0.03930000 BTC)	\|	2.508 (0.11800000 BTC)

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PrediMarket

member

Activity: 63

Merit: 10

Advanced Sportsbook Exchange

Here are our odds for the Full Time Result market of this upcoming game:

Celtic vs H. Beer Sheva
UEFA Champions League - Qualifications - Final - 1st Leg
17 Aug 2016 18:45:00 UTC

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Back Home	\|	1.753 (0.00010000 BTC)	\|	1.678 (0.03930000 BTC)	\|	1.396 (0.29800000 BTC)
Back Draw	\|	3.793 (0.00010000 BTC)	\|	3.405 (0.02780000 BTC)	\|	3.118 (0.05570000 BTC)
Back Away	\|	5.371 (0.00010000 BTC)	\|	4.834 (0.01720000 BTC)	\|	4.428 (0.03440000 BTC)

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Lay Home	\|	1.788 (0.00010000 BTC)	\|	1.883 (0.03930000 BTC)	\|	2.161 (0.11800000 BTC)
Lay Draw	\|	3.873 (0.00010000 BTC)	\|	4.799 (0.03930000 BTC)	\|	27.725 (0.09780000 BTC)
Lay Away	\|	5.486 (0.00010000 BTC)	\|	7.390 (0.03290000 BTC)	\|	38.944 (0.06590000 BTC)

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PrediMarket

member

Activity: 63

Merit: 10

Advanced Sportsbook Exchange

Here are our odds for the Full Time Result market of this upcoming game:

FC Porto vs AS Roma
UEFA Champions League - Qualifications - Final - 1st Leg
17 Aug 2016 18:45:00 UTC

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Back Home	\|	2.412 (0.00010000 BTC)	\|	2.362 (0.03930000 BTC)	\|	2.303 (0.09050000 BTC)
Back Draw	\|	3.294 (0.00010000 BTC)	\|	3.219 (0.02740000 BTC)	\|	3.148 (0.05490000 BTC)
Back Away	\|	3.313 (0.00010000 BTC)	\|	3.236 (0.02720000 BTC)	\|	3.165 (0.05450000 BTC)

	\|	Min Depth	\|	Avg Depth	\|	Max Depth
Lay Home	\|	2.460 (0.00010000 BTC)	\|	2.514 (0.03930000 BTC)	\|	2.638 (0.11800000 BTC)
Lay Draw	\|	3.361 (0.00010000 BTC)	\|	3.483 (0.03930000 BTC)	\|	3.779 (0.11800000 BTC)
Lay Away	\|	3.379 (0.00010000 BTC)	\|	3.503 (0.03930000 BTC)	\|	3.804 (0.11800000 BTC)

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PrediMarket

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Activity: 63

Merit: 10

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If you input a very high amount, the calculation is not valid in the current implementation, I am aware of that.
The fact that the system accepts it is a bug and it shall be fixed in the next release.

Regarding the actual wage limits of my book, I have answered in my previous message.
The next release of the website will allow lay betting as well which should "mechanically" increase the wage limits.

DarkStar_

legendary

Activity: 2772

Merit: 3284

Quote from: PrediMarket on July 09, 2016, 02:08:11 PM

@DarkStar_

I understand your point of view but the variation of the proposed odds aims at balancing the book, a process that is performed by all bookmakers.
For instance, assume you want to wager 100BTC on France: I doubt Nitrogen would let you do that because it introduces too much of a risk.

Invalid argument. I tried calculating for 100 BTC, but it is too high of an amount on your book. Yes, nitrogen wouldn't let you do that either, but considering how much the odds dropped when I typed in 0.1BTC, if you did accept 100 BTC, it would be @0.982[1] probably, but if it was positive, it would be around @1.02. I could bet 2 BTC on nitrogen, and have the same outcome but less risk.

I also find this funny:

, which voids all your arguments regarding the nitrogen comparison. Nitrogen would be able to take 5 BTC wagers (I believe)

[1] http://i.imgur.com/iU6WSgS.png xD

PrediMarket

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Activity: 63

Merit: 10

Advanced Sportsbook Exchange

@DarkStar_

I understand your point of view but the variation of the proposed odds aims at balancing the book, a process that is performed by all bookmakers.
For instance, assume you want to wager 100BTC on France: I doubt Nitrogen would let you do that because it introduces too much of a risk.

The difference between Nitrogen and us is obviously how much we accept as a wage on an outcome before shifting our odds.
In our case, I agree that our limit is much lower.

As per the line "Very high odds", I disagree with you because it is precisely accurate: you do get very high odds if you wager a small amount.
That being said, I will take into account your concern and advertise the actual odds one gets for a particular wage in my next messages.

DarkStar_

legendary

Activity: 2772

Merit: 3284

I really dislike how it is fixed odds on demand, since it results in the actual odds being very different then what you advertise here. This gif shows it all:
http://i.imgur.com/1SKkXJJ.gifv (Too large to display here)

I could take @1.8 on France here for a 0.05BTC wager, but if I went to another competitor, like Nitrogen, I can get @2.088 on France to win. 0.3 units extra/per unit wagered is pretty big. Very high odds is a complete lie. Most people don't bet small amounts like 1 mBTC.

PrediMarket

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Activity: 63

Merit: 10

Advanced Sportsbook Exchange

Here are our odds for the Full Time Result market of this upcoming game:

Portugal vs France
EURO 2016 - Final
10 Jul 2016 19:00:00 UTC

Home	\|	Draw	\|	Away
4.277	\|	3.128	\|	2.143

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PrediMarket

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Activity: 63

Merit: 10

Advanced Sportsbook Exchange

Here are our odds for the Full Time Result market of this upcoming game:

Germany vs France
EURO 2016 - Semi-finals
7 Jul 2016 19:00:00 UTC

Home	\|	Draw	\|	Away
2.975	\|	3.044	\|	2.815

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Dank Frank

sr. member

Activity: 406

Merit: 250

Too Weird to Live. Too Rare to Die...

I will give it a try later on, indeed very interesting you can resell your bets. This is an absolute plus

PrediMarket

member

Activity: 63

Merit: 10

Advanced Sportsbook Exchange

@Daffadile, @Golftech

Thank you for the compliments guys, those are very much appreciated

By the way, more features could be added if enough people are interested. For example:

lay bets
API for automated trading
bankroll management tools

I might start a new thread to poll opinions.

Golftech

hero member

Activity: 2128

Merit: 520

is this what you offered selling your bet and make profit but you did well i guess if this thread you open got more attention many members here already win some nice profits good job for you and good luck.

Daffadile

hero member

Activity: 1162

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

I really like that you can not just bet but actually sell your bets. So your bets become a commodity on their own and create a new market to trade. So you can actually profit without even taking a single bet. I like that very much it gives the better a chance to pull out if they wish or go for it. Nice if you don't want to risk your money and know for fact that selling the bet will yield you a guaranteed profit.

The layout of the site is also very eye catchy nice going. Wink

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