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0 sats \ 0 replies \ @mega_dreamer OP 3 Jan \ parent \ on: 🚀 Introducing Predyx: The Future of Prediction Markets on Lightning Network ⚡️ oracle
- Yes, you do need to create an account as we need to maintain your shares accounting etc.
- NO, our odds are not useless but very precise. You will know your exact payout while purchasing shares.
- 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.