Post
Topic
Board Gambling
Merits 1 from 1 user
Re: Exbet is LIVE >> The Bitcoin Betting Exchange [exbet.io]
by
ziadmar
on 25/01/2021, 12:13:27 UTC
⭐ Merited by exbet.io (1)
Thank you for your reply. Sill, the liabilities in the market don't work the same way as in Betfair. I've been trading on Betfair for more than 10 years so I have a good understanding of how it works. Let me give you the following example:

Let's say I only have 2.50 mBT in my balance and in a football match, I lay Team A at 1.25 for 10 mBT.

After the bet is matched, my liabilities will look like this:
Team A -2.50
Draw + 10
Team B +10

And my balance will be 0.00

Quote
Yes, we 100% agree with you - this is how liabilities should work.

Maybe we were not clear in our comment before - this is how liabilities generally work on Exbet. BUT there is an edge case on Exbet where it does NOT work as it should - this is when the user does not have funds in their account (like in your example) to cover the stake/liability of the second bet (which they should not need to have, exactly like you say). A fix will be released in the next 10 days, and functionality will then be as you describe for all scenarios.

That's great, I'm looking forward to that!

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Thanks - it means a lot to us to get good feedback from someone like you who has strong expereince with exchange betting.

Your welcome, I am liking your site so far because it's simple and smooth, this is how it should be, nothing complicated. For example, I checked out Fairlay, and their site is very intimidating and complicated, even for an experienced trader. So, you can imagine how complicated it is for newcomers. A betting exchange should target all types of people, not only experienced traders.

Quote
What do you think abut managed markets in football, ziadmar?

I personally prefer unmanaged markets, although I can understand why some people might not like them as they feel vulnerable to broadcasting delays.

I also have another suggestion. It's a bit difficult to get to the other markets in football events. When you click on a football match, you are taken to the Match Odds market, but one has to click on top to navigate to other markets (Correct Score, goals etc.). They seem a bit hidden. It would be easier to have all the markets show on the left hand side so that they are visible to everyone.

Thanks again