Thanks for your reply and some additional insights.
- I didn't know that these quotes are the results of offered bots (see bullet 3), because for me as a user it is not clear how to make an offer. My point in general is that regular users will abandon the service if quotes - for whatever reason - keep being lower than quotes on other services. Regardless the underlying reasons.
- Thanks for that info, I didn't know that. I will look into the article.
- Maybe the chatbot isn't the best example, but let's be honest here. The way to set up a contract (betting offer in this case) and read back the contract is way to difficult for regular users and will scare them of. It's not nitpicking, because I really hope for this platform to succeed and I am more than willing to tolerate shortcomings because of the platforms novelty, but no substantial growth will happen with this user interface.
These bets don't have to be offered by bots, anybody can offer those odds. but these are not offered by Byteball Foundation, there is no central bookmaker, so anybody can offer any odds they want and if there is nobody offering any better odds then these are the odds they see. Other betting sites can offer odds with small margins because they have lot of volume to cover their risk, but Byteball or any other cryptocurrency betting doesn't have that many users or volume yet. So, yeah, it's like catch-22 issue, but I don't see what is the solution here, how to you motivate more people to risk their money if there is not even enough of volume to cover the risks? I mean, am I been able to convince you to offer odds in bet maker mode? Probably not.
And I actually don't understand this thing about the lower odds. If you are so sure that the team is going to win, it shouldn't matter for you if the odds are 1.4 or 1.5, you still going to win 1.4x times the money you had if that is a sure win. Your alternative is to use the regular betting sites and in some cases, you don't have that alternative at all because you might not have access to these sites. Just like a lot of people don't have bank accounts.
great.
Well, the way you set up the bet with a person you know is just an example what the platform can do. So yeah, it is for more advanced users who know what they are doing, but that is also a reason why there is Sports Betting bot, which is built on top of it and takes a way all that frustrating part of finding other counterpart and pairing with them. Anybody can build on those features another services that focuses only making bets with friends, but if there isn't enough people for existing Sports Betting bot, there is no motivation to streamline the way to make bets with friends. That feature is for advanced users, everybody is better off using BB Odds and Sports Betting bot.
Most likely, new technologies like blockchain will be accepted more buy new generation and they are very familiar with chatting apps (many don't even have computers, just smartphones), but maybe until then, websites like BB Odds need to be built along with the bots. And about that smart-contract thing, that is much easier to read that any Ethereum smart-contract and once you understand it, it is just as easy as scrolling down the Terms of Use page and clicking "I accept".