Try Quests to earn cryptoOvertime Markets - Profitable Traders
Identify the 5 most profitable traders on Overtime Markets in the last two weeks. How much has each wallet won by sport?
Overtime Market
Overtime is a positional market for popular sporting events that does not rely on a centralized entity, as most sports markets do. Overtime promises the most fun you'll have with DeFi now that Thales contracts have been used as inspiration for the new Sports AMM, as well as reliable data feeds from the industry's best oracle Chainlink.
Introduction
In this study, we will find out
- The five most profitable traders on Overtime Market in the last two weeks.
- How much has each wallet won by sport?
To ensure the freshness of the data, all information in this study will be based on the previous 14 days.
The graphics illustrate the top 5 addresses with the highest profit in the last 14 days.
0xbf3cbc3efdfa389bcacdbadc79d6349b81b2593e has the highest profit at $8.2k or 43.6 percent among the top five addresses, followed by 0x013316e97255b159fb90f344ecbd8d837c2f1063 at $3.1k, 0xf72dc326a6b0bc66794c9ab7ed0a4aa01bffb5a9at $2.66k,
0x29eb7cd76efb53fc435b5946f311843f1b642296at $2.6k, and finally 0x9d8e798028a21a3723cb3e3c7b9a5ad84b6eaf2d at $2.2k.
The profit combined from the top 5 addresses is around $18k.
The graphs show the top five most profitable sports and the percentage combined.
According to the previous research, the top five addresses come from MMA (1 address), Soccer (2 addresses), and Baseball (2 addresses).
In terms of total profits from the top 5 addresses by sport, MMA has the highest percentage at 33.7 percent, followed by Soccer (31.7 percent), Baseball (31%), and Football (3.6 percent).
MMA, Soccer, and Baseball all have nearly identical profit margins of 31-33 percent and 97 percent combined.
From the last 14 days, 220 bettors has winning a bet (have profit) and 291 bettors has losing a bet on Overtime market.
This bar chart shows the total number of bettors who profit or lose on each sport.
Soccer has the greatest disparity between winners and losers, with 85 and 148, respectively.
Baseball, interestingly, has a nearly equal number of winners and losers, both around 130.
When compared to soccer and baseball, MMA and football are less popular.
The key takeaway is that in every sport, there are more losers than winners.
Conclusion
- The profit from the top five addresses is approximately $18,000.
- The highest profit is $8.2k for
0xbf3cbc3efdfa389bcacdbadc79d6349b81b2593e. - MMA, Soccer, and Baseball all have profit margins of 31-33 percent and 97 percent, respectively.
- According to the Histogram, the majority of bettors win or lose less than $50.
- Every sport has more losers than winners.
- Dashboard by h4wk#6690, 25 August 2022
- Twitter:
- Data from flipsidecrypto
Methodology I
- In this analysis, we need to have the game_address.json to map the game addresses, game_tag, and the game information ==(special thanks to elmiaON#8082 for the game_address.json)==
- Then we preprocessed the game_address.json with python - here to prepare the game addresses and game_tag query to join with the SQL queries in this study.
Methodology II
- Find the top 5 addresses with the highest profit.
- Obtain the top 5 addresses with the highest profit from each sport.
- Get the number of bettors that gain or lose in total.
- Analyze the gainers/losers compared among all sports.
The chart on the left shows the Histogram of the bettor’s profit/loss count in the past 14 days. The Histogram will show ranging only between -2000 to 2000 for a more clear view and easier to analyze the trends.
We can see that most of the bettors, gain/lose their funds less than $50.
Whereas 137 of the bettor’s loss less than $10, whereas 73 bettors gain less than $10