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Fairlay Review

Fairlay: The Best Place for Prediction Market Betting?

Launched in 2014, Fairlay is one of the few gaming portals that use Bitcoin for prediction markets. Instead of having you bet on slots or other casino staple games, the betting site makes you wager on sports events, horse racing, and news events, among others. The fun part is that you will bet not against the house but against other players.

This gaming hub is similar to some Bitcoin casinos in which you can start placing bets without necessarily creating an account. It accepts Bitcoin, allowing you to send funds and receive your winnings instantly. Here is what else you need to know about Fairlay.

Platform Provider

Game Software Provider

No software provider set.

Licensed

Bonuses and Promotions

Like other Bitcoin prediction sites, Fairlay does not offer bonuses and promotions. If you are used to playing in order to not only win huge prizes but also receive bonuses, the absence of Bitcoin casino bonuses in this betting site will disappoint you.  But this should not surprise you as most prediction betting sites normally do not present any promotions.

Games and Software

You will not find slots or any other casino games on Fairlay. Instead, you will find a betting exchange. Instead of wagering against a sportsbook brand, you wager against fellow players. Once the market is closed and an outcome has been reached, Fairlay will pay out the winners with the money from the losing players.

The gaming hub lets you wager on sports events, news and entertainment, live events, prices, and many more. The markets are arranged on the site according to category and event for easy navigation. You can also use the Search button to look for your preferred market.

In terms of prediction betting, you will definitely be impressed by the variety of markets that Fairlay offers. Sports bets take up majority of this gaming hub. In this section, you can wager on any of the 20 sports events, including basketball, boxing, and soccer. After selecting a match you want to bet on, you can wager on any of the available markets like moneyline, game spread, and over/under.

The markets in other categories may be fewer, but there is decent variety. If the bets you are looking for do not exist, Fairlay gives you the option to make your own prediction. Just go to the New Market tab, fill in the required fields, and wait for other players to place their bets.

It is easy to place a bet on Fairlay. Just choose your odds, wager 0.10 mBTC or more, and submit your bet. While waiting for the outcome of your prediction, you can bet on as many open markets as you can. Just make sure you have enough balance in your account. Otherwise, you will have to pay a penalty of 0.1 mBTC.

You will get your winnings only when your predicted outcome wins on the given resolution date. If you win from a News bet, the gaming hub will deduct a 2% commission from your winnings. However, if you have wagered on other categories, you will not be charged with any fees.

Banking Methods

Fairlay accepts Bitcoin and popular altcoins such as Bitcoin Cash, Ethereum, Litecoin, and Dashcoin as modes of payment. As long as you own a crypto wallet supporting these currencies, you will find it easy to transact with the betting site.

Deposit Methods

To fund your player account, you must deposit at least 1 mBTC. Once you have sent money to the given address or through the QR code, you will see the money reflect in your player account within 24 hours.

Take note that maximum deposit amounts will depend on your type of wallet. If you are using a hardware wallet, you can deposit up to 50 mBTC. On the other hand, deposits through software and mobile wallets should not exceed 500 mBTC. For either wallet type, Fairlay will charge you 0.2 mBTC per transaction.

Withdrawal Methods

Cash-outs on Fairlay are easy. Simply add your wallet address, and then click Request Cashout. You are required to request a withdrawal of at least 1 mBTC, although you can cash out whatever amount you want. Keep in mind, though, that you will be charged 0.5 mBTC per transaction.

After receiving your request, the betting site will process your cash-out within 24 hours. But if your requested withdrawal amount is more than 10 BTC, you will receive your money within 48 hours.

Should You Play in This Casino?

Fairlay is definitely the best place to wager on prediction markets. The betting site has markets on a variety of categories, from sports to news and entertainment. It even gives you the option to create your own market and let other players bet on it.

However, this gaming hub has some weaknesses. For one, it does not have any bonuses or promotions that will encourage potential players to sign up and existing members to play more. It also does not have other games that would keep gamers occupied while they wait for the outcome of their predictions.

If you are into casino games and not much into prediction betting, Fairlay is not your go-to portal. But if prediction betting is your thing, then the brand should be among your best choices.

Support

New members on Fairlay can get started by reading the FAQs on the website. These commonly asked questions cover topics ranging from placing bets to transacting in the betting site.

If you cannot find the answer to your question, you can use the live chat button to talk to a customer support staff. You can also email your concerns to the gaming hub. Fairlay has several email addresses available, each for different types of concerns.

The betting site is also active on social media. You can follow Fairlay on Twitter and Facebook to get the latest updates on upcoming events. It also has a blog that features sports, news, and entertainment events that you can bet on.

Pros

  • Wide range of prediction markets
  • Instant transactions
  • No account needed for betting
  • Accepts numerous cryptocurrencies
  • No fees on most markets

Cons

  • No bonuses
  • No hotline
  • Difficult site navigation
  • Limited betting options
  • Does not accept fiat

Minimum Character: 100

Reviews

Saftever
2.0/5.0

have a HARD time going around the site. wish they can improve

Waseltory
4.0/5.0

easy 2 make bets if you want something different. love that it has a live option too. i can get my fix of betting on nba! :)

Undeavere
4.0/5.0

pretty easy to place bets here. customer service is very helpful too

Amento
3.0/5.0

Website could be improved

Breventowne
4.0/5.0

Pretty cool place to bet