Post
Topic
Board Gambling
Re: exbet.io | The Bitcoin Betting Exchange
by
exbet.io
on 27/04/2020, 18:36:20 UTC
If you want to have more chances of success as an exchange it is to cover the 2 markets (cryptocoin & fiat).
I recommend having accounts in BTC & USDT

Hi elabor77

Sure, we agree that offering both fiat and crypto support allows a betting exchange to appeal to the widest possible audience.

But the key challenge for a betting exchange here is to do this in a way that doesn't dilute liquiidty.

For example, consider the 1x2 market for Barcelona vs Real Madrid on a betting exchange - would you have two 1x2 markets for that match - one denominated in BTC and one in USD? Then you are splitting the money into smaller, non-connected pools, and making it harder again to build liquidity (which is hard enough anyway!).

There are various ways to cross-match between those two example 1x2 markets, or even to have one market denominated in USD with a fixed BTC-USD rate for the duration of the market.

Here at Exbet we're thinking hard on these challenges, because we agree with your basic statement - offering both fiat and crypto support gives users the most choice and the best product, if done right.