Introducing a New Ethorse Seeding Strategy: Automated Bet Matching

Today, we are announcing a major change to the Ethorse race seeding strategy: automatic bet matching.



Since Ethorse’s launch on mainnet, we have seeded races to encourage higher betting activity. However, it is clear that this seeding strategy has not had the positive impact on betting activity and volume we anticipated.

Starting today, we are introducing a new seeding strategy: automated bet matching. As the graphic below illustrates, this involves:

• Tracking players’ bets: Our automated system will track all bets made (up to 10 minutes before race start time)

• Matching bets 1:1 (opposite coins): All bets made up to 10 minutes before race start time will be automatically matched on a 1:1 basis. Also, the system will bet on the opposite coin. For example:

Players A, B and C bet 0.3 ETH on LTC

The system will bet a total of 0.3 ETH on BTC or ETH, matching Player A, B and C’s bets

In this example, the total pot 10 minutes before race start time would be 0.6 ETH

We hope that this new seeding strategy will:

• Encourage players to bet earlier: Because the bet matching period will end 10 minutes before each race, we expect players will place their bets earlier to ensure they are matched

• Drive higher volume: Players will know that if they bet higher amounts, the the system will automatically match their bets (on opposite coins), giving them the ability to bet more aggressively

Note that at launch, the system will match up to 1.5 ETH of players’ bets. Players will be alerted via the DApp about when bet matching is active/inactive.

MLE-Ethorse Integration Update

Phase I of the MLE-Ethorse integration is complete. This week, you will see a new button on the Ethorse DApp interface: “View Races”.

Clicking this button will allow you to track the currently active race on the MLE 3D race viewer. (MLE plans to introduce a few different types of 3D racetracks.)

Next Rewards Period

The next Ethorse Rewards phase will begin on October 17.

Please withdraw your HORSE tokens from the exchanges to YOUR eligible wallet to claim rewards.

The rewards period will start on October 17, 17:00 GMT and end on October 24, 17:00 GMT.

Visit rewards.ethorse.com for additional details and instructions.