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100 sats \ 1 reply \ @Shugard 2 Jan \ on: 🚀 Introducing Predyx: The Future of Prediction Markets on Lightning Network ⚡️ oracle
Do I need to create an account? Or can I just join with my lightning address like I do at https://www.bitcoinprediction.market/?
Also, is there an algorithm at work that I get the odds at the time I place my bet or is it as useless as it is at https://www.bitcoinprediction.market/ where it just takes the odds for payout when the bet is closed?
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0 sats \ 0 replies \ @mega_dreamer OP 3 Jan
  1. Yes, you do need to create an account as we need to maintain your shares accounting etc.
  2. NO, our odds are not useless but very precise. You will know your exact payout while purchasing shares.
  3. Yes we use AMM algorithm known as LMSR (Logarithmic Market Scoring Rule). It is used to calculate accurate price for buying/selling shares.
bitcoinprediction.market is run by great people. They use parimutuel betting system. Parimutuel betting system is a fancy name for pooled betting. The drawback of parimutuel betting system is that your payout is anyone else's guess. It was invented by Joseph Oller co-founder of Moulin Rouge cabaret in 1867 and very popular in horse race betting and casinos.
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