Just gotta say I don't understand the fixed pay-out ratio thing. If somebody bets on 10:1 long-shot the payout should be better than a 50:50 purely random event.
I also don't think bets should be cancellable, which goes along with above idea of amount of bets determining the odds which is how betmaking normally works AFAIK.
I mean, you can always bet the opposite direction later to cancel it out, but if the odds aren't symmetrical you can only stem the losses not negate them completely.
Really the idea of making long term bets like "PS5 will sell more than 150m by 2021" is undermined by any bets being cancellable until the last minute before bet is tested.
Maybe I'm missing something, what is actual benefit or advantage of ignoring the above? I don't get it.
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