Backer’s Stake
March 24, 2011
We’ve had a few requests to provide the option to switch between ‘stake’ and ‘backer stake’ when laying bets on Smarkets as it makes the hedging and arbing users’ lives easier.
As you can see, when you open the betting window you can now toggle between ‘stake’ and ‘backer stake’ and your liability is shown in the same window.
You can set ‘backer stake’ to appear by default in your account settings but if you have any questions (and more feature requests) get in touch.
We now show market depth!
September 2, 2010
We conducted a survey a few weeks ago and one of the top features you asked for was market depth. So we’ve built it!
Rather than over complicate our standard interface, at the top of every market you’ll see a link to ‘show market depth’. This will take you to a new, more advanced layout. The market depth view is a way of seeing exactly where the money is in the market so you can see exactly how much will be matched. We’ll be putting together a video to explain the market depth view in more detail once we’ve ironed out any kinks.
We’re showing three levels of depth for both bids and offers (‘for’ and ‘against’ in Smarkets terminology) and, differing from other market-based betting sites, we show the amount of money you need to place to match the bet. We’re also showing your profit and loss for each market so you can see exactly which positions you have and how much you’d stand to win/lose depending on different outcomes.
We hope you find this view useful and, as ever, we’d love to hear your feedback.
Bet with fractions of a percentage
April 13, 2010
We let you bet with the odds style of your choice (decimal, fractional, american or percentages) but we set the default display as percentages. The problem is that matching odds between these different display types can lead to some pretty strange percentage odds (such as 17.25%) which were impossible to match with our old slider interface.
In order to make each betting style fair we’ve updated the percentage betting interface. Dragging the slider still jumps in whole numbers but we’ve added an input box next to the slider so you can type in a fraction of a percentage.
We are thinking of changing our default display to a different style, and I’d be interested to hear what you think.
