[ANN] CDX Burst Prediction 1 (Let the games begin)
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That seems poorly thought out, you shouldn't penalize the winning side if the losing side doesn't bet enough to cover the 10%
Look at betmoose as an example, they take a fee but guarantee if you win you at least break even if no one bets the other side. You should also time weight the payout based on when the shares were purchased.
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@FrilledShark said in [ANN] CDX Burst Prediction 1 (Let the games begin):
@jakev
So they lost 0.1 Burst per Burst?Correct. Will be modifying the next ones to make this not possible
@superskid said in [ANN] CDX Burst Prediction 1 (Let the games begin):
That seems poorly thought out, you shouldn't penalize the winning side if the losing side doesn't bet enough to cover the 10%
Look at betmoose as an example, they take a fee but guarantee if you win you at least break even if no one bets the other side. You should also time weight the payout based on when the shares were purchased.
Agreed. Am reimbursing the bidder personally and have already thanked him for helping me learn where potential pitfalls are.
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@Zeus said in [ANN] CDX Burst Prediction 1 (Let the games begin):
Hey there @jakev ^_^
If I understand correctly, you buy a share of the yes or no asset, and then if the answer was yes and I have no, I send 90% of the yes I hold to... and then I get lost, I send that to who?If everyone bet on the same "yes", what happens then if they win?
If some users dont send/forget the "no" shares to the winning "yes" place, whan happens then?Thank you :D
Edit: I think I understand my first question now, they send back 90% to the shareholder (transfer) right?
In this case, people could not send it back or sell it cheaper the next game.That's why I possed this questions some time ago :/ still not sure what happened here but @FrilledShark it appears so.
@jakev cool to know, let us know what will be the new rules :D
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So what I should have done is buy 1 asset of Yes which would give me 100% of the No bet, then gone to the most obscure exchange with no volume and bit it up to 125.
Probably should have quoted an exchange in your contract too.
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@superskid said in [ANN] CDX Burst Prediction 1 (Let the games begin):
So what I should have done is buy 1 asset of Yes which would give me 100% of the No bet, then gone to the most obscure exchange with no volume and bit it up to 125.
Probably should have quoted an exchange in your contract too.
That was actually covered on the asset page. "Source: http://coinmarketcap.com/currencies/burst/"
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Payouts made to holder of the NO side
Amount paid, Account, TX
100000, BURST-GREY-K8RH-2FD2-5WL3T, 15818013777497534942
------------All transactions processed------------Will be introducing a new and improved market early next week :) Thanks for taking a look or participating in the first prediction market I've created here.
**The holder of the yes side is being reimbursed 100% instead of the 90% as a thank you for making the errors in this asset known.
Dividends will still be paid out to the Alpha asset holders for this asset.
