FAQ

Overview

What is BookiePro.fun?
What currencies can I bet with on BookiePro.fun?
How is BookiePro.fun different from a regular sportsbook?
How does the BookiePro.fun betting exchange work?
How do I find someone to bet with on BookiePro.fun?
How is BookiePro.fun different from other betting exchanges?
Who owns BookiePro.fun?
What is a blockchain?
How does BookiePro.fun’s decentralized approach benefit bettors, compared to a traditional centralized sportsbook?
How does a betting exchange benefit bettors, compared to a traditional sportsbook?
Who is the team behind BookiePro.fun?

Account Management and Security

How do I sign up for a BookiePro.fun account?
Will I need to provide any ID, proof of address, or other personal documentation when signing up for a BookiePro.fun account?
What personal information does BookiePro.fun hold about me?
Does BookiePro.fun track or store my IP address or any other such data?
What information do I need to log in to my BookiePro.fun account?
How do I recover my BookiePro.fun password?
I’ve lost my BookiePro.fun password, what should I do?
Who can I share my password with? Can I change my password?
Can I open more than one BookiePro.fun account?
Can I open a BookiePro.fun account from anywhere in the world?
Can I change my Account Name?
Can I log in to my account from multiple devices?
Where can I view all my current bets?
Where can I view my bet history?
Where can I view all my BookiePro.fun transactions?

Funds

What currencies can I bet with on BookiePro.fun?
How do I get BitFun?
How do I deposit funds with BookiePro.fun?
How do I withdraw funds (BitFun) from BookiePro.fun?

Betting

Can I create a new market?
What is a selection?
Back and lay
What is a 'matched' or 'unmatched' bet?
How do I cancel a bet?
Is there a minimum/maximum bet amount?
What is in-play betting?
I believe my bet has been settled incorrectly. What can I do?
What happens if the sporting event is abandoned or does notstart?
I don't see the sport/event that I am interested in on BookiePro.fun, why not?

Passwords

Is my password safe?
What if I lose my password?

Commissions and Fees

Is there a charge or a fee for me to bet with BookiePro.fun?
How does commission work?
Will I be charged commission if my bet loses?
How does the transaction fee work?
Why have fees for a play money product?

Where Does BookiePro.fun Get Its Results?

Getting decentralized results

Miscellaneous

Can I use BookiePro.fun on my mobile?
Does BookiePro.fun have an API for integration with third-party trading software?
Can I build a bot on Peerplays blockchain?
Is it necessary to update BookiePro.fun when a new version is available?
This is a beta product - is there any functionality not yet present in the app?
Are there any known issues or bugs in the app?


Overview

What is BookiePro.fun?

BookiePro.fun is a betting exchange where people from all over the world can bet with “play” tokens on a wide range of sports events.

What currencies can I bet with on BookiePro.fun?

BookiePro.fun uses only the “play” token BitFun (BTF). BitFun holds no actual value and should not be considered a currency of any kind.

How is BookiePro.fun different from a regular sportsbook?

When you bet with a sportsbook, your wager is matched by the “house” (the sportsbook operator). If you win this bet, this sportsbook operator pays you directly. BookiePro.fun is a betting exchange - so there is no house. Instead, the platform matches your bet with those of other users who want to take the opposite side of your bet.

How does the BookiePro.fun betting exchange work?

A betting exchange is similar to a stock exchange. A stock exchange matches orders between anyone who wants to buy and sell a particular stock. A betting exchange matches the orders between anyone who wants to back (bet ‘for’) or lay (bet ‘against’) a particular result in a sports event.

How do I find someone to bet with on BookiePro.fun?

BookiePro.fun automatically matches bets between you and other users from around the world. All you have to do is choose a sport and event to bet on, and decide how much you want to bet and at what price. BookiePro.fun takes care of the rest - matching your bet at the best available price, holding all funds in escrow, and then releasing the funds to the winner when the sports event is finished.

How is BookiePro.fun different from other betting exchanges?

Traditional betting exchanges operate the software which matches your bets on a centralized server. On BookiePro.fun, the software that matches your bets operates on a public blockchain. This makes BookiePro.fun transparent and accessible from every country on Earth. Read more about how blockchain can move betting exchanges on to the next level here and here .

Who owns BookiePro.fun?

No single person, company, or central authority owns or operates BookiePro.fun. The BookiePro.fun app is an application that interfaces with the Peerplays blockchain. As the Racing Post puts it: “...because of the way blockchains work, Peerplays is largely automated and self-sustaining. No one owns it, no single person or organisation is responsible for it…”

What is a blockchain?

A blockchain is a digital database managed by a decentralized collective of digital stakeholders. Blockchains use advanced cryptographic techniques to securely record your transactions on a public network. BookiePro.fun runs on a Peerplays blockchain, which is custom-built to support online gambling.

How does BookiePro.fun’s decentralized approach benefit bettors, compared to a traditional centralized sportsbook?

Decentralized sports betting provides the following benefits for bettors:

  1. provably fair (traditional sportsbooks don’t publish their back-end code and business logic)
  2. real-time transparency of bet placement (traditional sportsbooks never publish their database)
  3. no slow payment
  4. no possibility of funds being stolen by an unethical operator

How does a betting exchange benefit bettors, compared to a traditional sportsbook?

Betting exchanges offer the following benefits for bettors:
  1. never have your bets refused
  2. never have your account limited
  3. never have your account shut down
  4. multiple market makers (not just the sportsbook 'house') = huge price competition = better prices than any single sportsbook
  5. ability to BACK and LAY (not just BACK as per a sportsbook)
  6. ability to trade back and forth in markets

Who is the team behind BookiePro.fun?

The development of BookiePro.fun has been supported by the Peerplays Blockchain Standards Association (PBSA), a non-profit organization based in Canada and dedicated to promoting transparent and fair gaming standards for the Peerplays blockchain.

Account Management and Security

How do I sign up for a BookiePro.fun account?

Opening an account with BookiePro.fun is quick and simple. First, download and install the app. Then, click the SIGN UP button on the BookiePro.fun app front page and follow the on-screen instructions.

Will I need to provide any ID, proof of address, or other personal documentation when signing up for a BookiePro.fun account?

No. BookiePro.fun does not require any personal information for account creation.

What personal information does BookiePro.fun hold about me?

BookiePro.fun does not store or hold any personal information about you whatsoever, not even your name.

Does BookiePro.fun track or store my IP address or any other such data?

BookiePro.fun does not store or track user IP addresses, mac addresses or any other such identifying information.

What information do I need to log in to my BookiePro.fun account?

Only two items of information are required to log in to BookiePro.fun:

  1. Username
  2. Password

It is important that you save your BookiePro.fun password in multiple secure offline places.

How do I recover my BookiePro.fun password?

There is no way to recover your BookiePro.fun password. If you lose your password, you will not be able to log in to your account and you will lose access to all funds in that account forever. When creating your account, every user is prompted to save a file containing the password to their hard drive. Users should also save their password in a secure place offline. Never share your password with anyone.

I’ve lost my BookiePro.fun password, what should I do?

If you lose your password, you will not be able to log in to your BookiePro.fun account again. Ever. All funds in that account will remain untouched but inaccessible.

Who can I share my password with?

NEVER share your password with anyone. You are the ONLY person who knows your password - keep it that way! Only enter your password into the BookiePro.fun application, never anywhere else.

Can I change my password?

Yes. Go to My Account, which is accessible on the far right of the Menu bar. From there, click on CHANGE PASSWORD and follow the instructions. Your new password must contain 52 characters. Characters can be letters (both upper and lowercase) and numbers.

Can I open more than one BookiePro.fun account?

No. Having multiple BookiePro.fun accounts is not allowed while Competitions are running.

Can I open a BookiePro.fun account from anywhere in the world?

BookiePro.fun places no geographical restrictions on the location of its users. However, it is the bettor’s responsibility to adhere to local laws at all times, as laid out in the BookiePro.fun EULA.

Can I change my Account Name?

No, a BookiePro.fun Account Name cannot be changed after the account has been created.

Can I log in to my account from multiple devices?

Yes. Simply download the BookiePro.fun app to a second device and log in using your account name and password. No further information is required to log in to your BookiePro.fun account.

Where can I view all my current bets?

From within the BookiePro.fun app, click on the “My Bets” icon. Here, you can see your Matched Bets, Unmatched, and Settled Bets.

Where can I view my bet history?

From within the BookiePro.fun app, click on the “My Bets” icon. Here, you can see your Matched Bets, Unmatched, and Settled Bets.

Where can I view all my BookiePro.fun transactions?

From within the BookiePro.fun app, click on the “My Bets” icon. Here, you can see your Matched Bets, Unmatched, and Settled Bets. You can also export this list as a .xls spreadsheet.

Funds

What currencies can I bet with on BookiePro.fun?

The play token BitFun has been created specifically for BookiePro.fun and is the only crypto asset that can be used in the app. Do not attempt to move any real fiat or cryptocurrencies to your BookiePro.fun account - it will not work and you risk losing those funds.

How do I get BitFun?

For accounts below the starting threshold of 10 BTF, your account will be reloaded on Friday of every week.

How do I deposit funds with BookiePro.fun?

You cannot deposit BitFun into your BookiePro.fun account.

How do I withdraw funds (BitFun) from BookiePro.fun?

You cannot withdraw BitFun from your BookiePro.fun account at any time for any reason.

Betting

Can I create a new market?

No. New markets cannot be created by users of BookiePro.fun. Markets are created by the Witnesses who run the Peerplays blockchain that BookiePro.fun is built on.

What is a selection?

A selection is simply one particular "answer" within a betting market. For example, "England" is a selection in the Moneyline betting market. "Germany" is the ​other​ selection.

Back and lay

To 'back' a selection is to bet on that particular result happening. For example, backing England in a match is betting on England to win that game.To 'lay' a selection is to bet on a particular result NOT happening. Put another way, it is betting AGAINST a particular result. So, laying England is placing a bet on them NOT to win.For more on this topic, read ​Back vs. Lay​.

What is a 'matched' or 'unmatched' bet?

Once a bet is taken by someone on the opposing side, it is matched and cannot be cancelled or changed. The bet is active and must wait until the event is finished and the results are determined. Unmatched bets have ​not​ been taken by someone on the opposing side. Unmatched bets sit on the orderbook and are visible to all other users. Unmatched bets that have been submitted by different users but have the same price or odds are aggregated and shown as a single total sum on the orderbook. Unmatched bets can be cancelled or edited until they are matched. For more on this topic, read ​Unmatched vs. Matched​

How do I cancel a bet?

Matched bets cannot be canceled. You may cancel an unmatched bet at any time by either: (i) Navigating to "My Bets" using the icon on the top bar. From there you can choose to view all unmatched bets and cancel by clicking "Cancel"
.or
(ii) Navigating to the betting market where you placed the bet, clicking on "Placed Bets" in the betslip on the right, where you will be able to view and cancel any unmatched bets you have in that market.

Is there a minimum/maximum bet amount?

The minimum backer's stake is 1 mBTF. The minimum layer's liability is 0.01 mBTF. There is no maximum bet amount.

What is in-play betting?

In-play betting, also known as live betting is when you bet ​during​ the actual event/match/game. BookiePro.fun offers in-play betting on many different events. All bets placed before a match goes live will be cancelled when the market goes in-play. For more on this topic, read In-Play Betting​.

I believe my bet has been settled incorrectly. What can I do?

A settled​​ bet ​(i.e. where funds have been paid out as winning bets) is final and irreversible. Funds cannot be reclaimed from accounts once they have been settled (paid out) by BookiePro.fun.

What happens if the sporting event is abandoned or does not start?

In the rare case an event has no definitive end or conclusive result, the bet is canceled and rendered moot. Any wagered funds will be returned to all parties.

I don't see the sport/event that I am interested in on BookiePro.fun, why not?

Sporting events appear on BookiePro.fun a certain number of days before they begin - typically a lead time of between two to six days is used. In other cases, such as the Group Stage of big tournaments like the World Cup, events show several weeks in advance. If the sport you're looking for is not covered on BookiePro.fun, don't fret. The app is constantly updating and expanding its offerings and the sport or league you are interested in may be included in the future.

Passwords

Is my password safe?

Once you have created an account on BookiePro you will be given a randomly generated alphanumeric password 22 characters long. You will be given the opportunity to download a file containing this password to your hard drive. However, you should keep this file offline and not connected to your computer. You can also change your password, although we recommend using the one generated for you.

What if I lose my password?

It is imperative that you save this password in multiple offline locations. For example: writing it down, printing out a physical copy, or saving on a USB storage drive which is not connected to a computer. Do not save this password online (e.g. cloud, email, Dropbox, etc). BookiePro does not save your password and does not have the ability to recover lost passwords. If you lose your password, you will lose all access to that account and any BitFun stored in that account.

Commissions and Fees

Is there a charge or a fee for me to bet with BookiePro.fun?

Yes. There are two charges made to users of BookiePro.fun - Commission and Transaction Fees.

How does commission work?

BookiePro.fun charges a Commission on any net winnings in a particular market. So if, for example, you have net winnings of 10 BitFun in the Moneyline market on the England @ Germany game, Commission will be charged on that 10 BitFun. BookiePro.fun's Commission rate is 1%. We talk about "net winnings" because users can have multiple bets (back and lay) in a single market - it is the net profit across all those bets that is liable to have Commission paid on it. If a user makes a net loss in a market (or zero profit, neither plus nor minus) then no Commission is due. Commission fees are calculated and deducted from net winnings after the event is finished.

Will I be charged commission if my bet loses?

No, not if that was your only bet in this market. Commission is only paid by users who have net winnings in a particular market. If you had a second bet in that market that won more than your first bet, then you would pay Commission, on your net winnings (net winnings = winnings - losses).

How does the transaction fee work?

BookiePro.fun also charges a tiny Transaction Fee for every new bet you place. This Transaction Fee is set at 0.01 mBTF. It is only charged when you make the following actions:

  1. place a bet
  2. edit a bet
  3. change your password
The Transaction Fee is charged when you are making a new bet and is shown in your betslip as an additional fee on top of your bet stake. Transaction Fees are paid regardless of whether you are net winner in a market (unlike Commission).

Why have fees for a play money product?

BookiePro.fun uses "play" tokens ('BitFun') which means Commission and Transaction Fees have no real-world value, but they have been included in the app so that this functionality can be properly tested in a live deployment.

Where Does BookiePro Get Its Results?

Getting decentralized results

Standard sportsbooks and betting exchanges typically use a single sports data feed provider to provide information about upcoming sports events, manage In-Play betting, and use final results to decide whether bets are winners or losers. If BookiePro were to pull sports information from a single data feed, this would be the very definition of centralized, offering not only a single point of failure, but also the possibility for bad actors to compromise BookiePro's integrity. BookiePro uses decentralized oracles, called "​Data Proxies​", operated collectively by Peerplays Witnesses​. Each Data Proxy is connected to a particular sports data feed. The DataProxy normalizes incoming sports data (against a BookiePro standard), and then pushes it further to Peerplays Witnesses. Peerplays Witnesses are connected to multiple Data Proxies allowing them to crosscheck all data privately before reaching consensus, as a group, on each new data item to be added to the BookiePro system. The entire process is automated. For more on this topic, read ​Introduction to the Tech Behind Bookie: Data Proxies​

Miscellaneous

Can I use BookiePro.fun on my mobile?

Not yet. For now, BookiePro.fun is a desktop/laptop-only application. Development on mobile versions is proceeding through 2018. Watch this space!

Does BookiePro.fun have an API for integration with third-party trading software?

BookiePro.fun runs on top of Peerplays, a fully public blockchain to which anyone can connect. The app itself connects to the blockchain using an API. However, this API is not yet appropriate for general purpose use by third parties - it requires productizing and documenting, a process that is currently underway. Expect the first publicly documented BookiePro.fun API to be released later in 2018!

Can I build a bot on Peerplays blockchain?

Absolutely. PBSA is committed to seeing BookiePro.fun support users who wish to automate their interaction with the sports betting exchange. The release of a user-friendly, well-documented API later this year will be a huge positive step in this direction.

Is it necessary to update BookiePro.fun when a new version is available?

There are two sorts of BookiePro.fun updates - hard and soft updates. All updates are made by downloading and installing the latest version of the app from the BookiePro.fun website.

A hard update is a required update - you will not be able to use BookiePro.fun without making this update. The app will tell you if a hard update is required when you log in and will not allow you to use the app until you make the update.

A soft update is optional for users to make - it is likely to provide some small functional improvements or minor bug fixes, but the app can be used without making the update.

This is a beta product - is there any functionality not yet present in the app?

Yes. Firstly, Exposure functionality is not yet fully implemented in this release - it is still undergoing testing by our QA team. Secondly, the In-Play betting delay has been configured at zero seconds, to allow for a smoother betting experience during this beta.

Are there any known issues or bugs in the app?

Yes. Firstly, the Betslip can shift focus when tabbing so that bet details become obscured for the user. Simply leave the page to clear this bug. Secondly, exporting a list of your transactions to spreadsheet has a formatting bug. Lastly, there is a recognized bug where the BookiePro app, when idle for some time, occasionally drops its connection to the blockchain without 'realizing'. In this case, any bets or transactions you submit will not display in the app. To fix this issue, please close the app then open and log in again. This issue will be addressed in the next version of the app. These bugs will be fixed in the next release.

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