Launching Augur Turbo - low fee, no limit, daily markets 🚀

6 months ago

11 min read

Augur Turbo is fast-resolving with low-fee, daily sports markets. Crypto and politics coming soon.

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This Week

Launching Augur Turbo

NBA Futures Odds

NBA Playoffs: First Round

MLB Future Odds

Where does ETH bottom?

Launching Augur Turbo

We are thrilled to announce that Augur Turbo is the world’s only fast-resolving, easy to use, decentralized betting platform with daily markets for sports, with crypto and politics to follow soon.

Designed with emphasis on user needs, Augur Turbo has an interface that both DeFi traders and sports bettors will find very familiar. It has the simplicity of the Uniswap interface with the data that bettors and traders want.

We want to express a heartfelt and well-deserved thank you to all of you. You answered the call for beta testing and helped get Augur Turbo over the finish line.

Augur Turbo is an extension of the Augur protocol. Turbo resolves markets using Chainlink's automated oracles. In the unlikely event of a data feed going down or an incorrect report, Turbo will fallback to the Augur oracle that we've all come to love. Our goal is to be as quick and accurate as possible.

Read the official Augur press release here.

NBA Futures Odds

Odds provided by BetMGM / Odds table via Vegas Insider [Updated Sunday, May 23, 8:00 am ET]

We have finally reached the 2021 NBA playoffs after the long winding road of the regular season, and unfortunately, Stephen Curry and the Klay Thompson-less Golden State Warriors were eliminated in the inaugural NBA Play-In Tournament. The Indiana Pacers, Charlotte Hornets, and San Antonio Spurs had the same fate prior to the start of the postseason.

In terms of how the cream of the crop has fared in the futures odds, the Los Angeles Lakers have risen dramatically after their play-in victory over the Warriors. Although LeBron James’ 3-point shot was required to sneak past Golden State with the 103-100 victory, the Lakers moved their futures all the way up to +400 prior to their Game 1 loss to the Phoenix Suns. Meanwhile, the Los Angeles Clippers dropped to +750, which is tied with the Utah Jazz. However, the Brooklyn Nets continue to reign supreme as they enter their first-round series against Kyrie Irving’s former team, the Boston Celtics. Brooklyn leads its series, 1-0, and is by far the favorite for the title.

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Playoffs via NBA.com

NBA Playoffs: First Round

The first round of the NBA playoffs has some extra excitement, as we have some very interesting and surprising seedings across both conferences. Not only are the seventh-seeded Lakers the most surprising seed, but they are also taking on the mostly-young Phoenix Suns in a very captivating battle. We also get the chance to see the New York Knicks with home court. The Mecca will be rocking with the Knicks’ first playoff series since 2013. New York will be hosting the Atlanta Hawks.

Meanwhile, Kawhi Leonard, Paul George, and the Clippers are the fourth seed, and they are taking on Luka Doncic and the Dallas Mavericks. In the first round last season, the Clippers defeated the Mavericks in six games. Another battle will be Bradley Beal, Russell Westbrook, and the Washington Wizards bringing their strong grit to Philadelphia to take on Joel Embiid, Ben Simmons, and the 76ers.

Without further ado, let’s take a look at the two most exciting series of the first round:

Western Conference

(2) Phoenix Suns lead the (7) Los Angeles Lakers, 1-0; Game 2 tips off 10:00 pm ET on Tuesday, May 25

Remaining Schedule for the Series:

Game 3. Thursday, May 27 at 10:00 pm ET

Game 4. Sunday, May 30 at 3:30 pm ET

Game 5. Tuesday, June 1, time TBD (if necessary)

Game 6. Thursday, June 3, time TBD (if necessary)

Game 7. Saturday, June 5, time TBD (if necessary)

FiveThirtyEight prediction: Suns win the series (51%)

Series Preview: For the first time in three decades, the seven seed entered the series favored over the two seed. The defending champion Lakers are finally healthy, and they are going after the Suns, who finished just one game away from having the best record in the NBA during the regular season. Yet, Phoenix is extremely underrated heading into a series in which Chris Paul and company have home court. Do not sleep on Devin Booker and Deandre Ayton, but this Lakers team did not start a healthy lineup against them in any of their three meetings during the regular season.

Game 1 Recap: Even with Chris Paul leaving the game momentarily and Cameron Payne being ejected, the Suns were in control of this game from midway through the first quarter all the way to the final whistle of the 99-90 victory. In Phoenix’s first playoff appearance since 2010, Devin Booker went for a game-high 34 points, and Deandre Ayton chipped in 21 points on 10 of 11 shooting to go along with 16 rebounds. No Lakers player scored more than LeBron James and his 18 points. He made three of his seven 3-pointers while the rest of the team made only four of their 19 attempts from downtown. Anthony Davis scored just 13 points (5-for-16 shooting) in a team-high 39 minutes. James, Davis, and the Lakers will look to bounce back in Game 2.

Eastern Conference

(3) Milwaukee Bucks lead the (6) Miami Heat, 1-0; Game 2 tips off 7:30 pm ET on Monday, May 24

Remaining Schedule for the Series:

Game 3. Thursday, May 27 at 7:30 pm ET

Game 4. Saturday, May 29 at 1:30 pm ET

Game 5. Tuesday, June 1, time TBD (if necessary)

Game 6. Thursday, June 3, time TBD (if necessary)

Game 7. Saturday, June 5, time TBD (if necessary)

FiveThirtyEight prediction: Bucks win the series (85%)

Series Preview: In the 2020 playoffs, the defending Eastern Conference champion Miami Heat surprised the NBA world by dominating the conference with relative ease. In the first round last season, the fifth-seeded Heat swept the Pacers and then were the underdogs against the Milwaukee Bucks. All of the sudden, the Heat jumped out to a 3-0 series lead against the Bucks en route to winning the series in five games. Miami will be looking to defeat the Bucks once again. Meanwhile, Giannis Antetokounmpo needs to right the ship against the Heat. He has to win the battle against opposing big man Bam Adebayo, while Bucks fans are hoping that Khris Middleton and Jrue Holiday will step up to give the Fiserv Forum crowd something to cheer about in the first round.

Game 1 Recap: The overtime thriller to start the NBA playoffs was a game for the ages. Bucks fans were ecstatic with 0.5 seconds remaining in overtime on Saturday. Khris Middleton faded to his right and drained a 19-footer with Duncan Robinson in his face to give the Bucks a 109-107 lead. On the final possession of the contest, Jimmy Butler attempted to win the game from the corner, but Jrue Holiday impressively blocked the shot to secure the victory for Milwaukee. Giannis Antetokounmpo (26 points, 10-for-27 shooting, 18 rebounds) was called for a 10-second free throw violation near the end of regulation, which was one of the reasons the game went into overtime. Goran Dragic (team-high 25 points of the bench) and Duncan Robinson (24 points) led the Heat in scoring, but Milwaukee’s main four scorers were too much for Miami: Middleton (game-high 27 points), Holiday (20 points), and Brook Lopez (18 points) made up for the lack of scoring on the bench to get the Bucks the much-needed win to start the series.

NBA Predictions via FiveThirtyEight prior to the final two games on Sunday, May 23

MLB Future Odds

The 2021 MLB season has been chock full of no-hitters already, as we are on pace for the most no-hitters ever in one season: there have been six in 2021, and there were a record eight in 1884. Spencer Turnbull (3-2, 2.88, 0.96), who threw a no-hitter in his last start, toes the mound for the Detroit Tigers Monday night at 7:10 pm ET against Sam Hentges (1-1, 6.46, 2.09) and the Cleveland Indians. According to FiveThirtyEight, the game is a coin flip, as Turnbull tries to spin a Johnny Vander Meer.

MLB Prediction (CLE @ DET) via FiveThirtyEight

Although neither the Indians nor the Tigers are near the top of the 2021 MLB futures, another American League Central division team is looking strong. While Tony La Russa gets flack for his unique managerial choices, his Chicago White Sox own the AL’s second-best odds. The New York Yankees own the AL’s top futures slot at +700, but they are in a tight battle for the top position with the Boston Red Sox and Tampa Bay Rays. Meanwhile, it is the defending champion Los Angeles Dodgers with by far the highest odds at +325.

Odds provided by BetMGM / Odds table via Vegas Insider

[Updated Thursday, May 20, 8:00 am ET]

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Total crypto market capitalization chart from Tradingview.com.

Where does ETH bottom?

The Crypto community is witnessing a drawdown not unlike what we've seen before. BTC gave up 54% from the ATH while ETH touched $1732, down from the ATH of $4380 just two weeks ago. Total cryptocurrency market capitalization briefly stood at $1.1T having lost $1.4T from the $2.58T ATH. It rallied $210B to $1.4T in over the last five hours and it remains to be seen if the word's crypto will find a base at this level.

This is just the reality of crypto and the ethos of a free market without centralized control. As traders know, volatility is our friend - it's what allows us to capitalize on upswings; and when enough of us do, the upswing becomes a large one. The flip side, and that's where volatility earns a bad name, is that downswings can also be similarly exacerbated by selloffs and headlines. Though we've seen a few crypto market cycles by now, one never gets used to their portfolio value being slashed in half.

In the stock market, a central authority, the SEC, has directed exchanges to control volatility by halting trading when the price moves too fast in either direction. This helps prevent loss but it also grossly limits the upside. Cryptocurrency, which has no central authority, also has no halts and controls.

And so, with volatility, we dance.

One expects profit-taking after an ATH, which is exactly what happened 13 days ago. Since then, media narratives have worsened the profit-taking into a drawdown. Was it Elon Musk about-facing on BTC with his 55M followers and SNL appearance or the seemingly negative news out of China? Or Biden's crypto tax proposal or US tax day? Was it the triggered stop losses, leveraged (25x!) liquidations, or short liquidations? Maybe it was just the FUD triggered by the long-bodied red candles.

In any case, as we prepare for the coming week, everyone has the same question on their minds. "Where will crypto bottom?"

Twitterverse seems to say $250. ETH 2018 ATH of $1595 was followed by a bottom that broke all supports and finally reversed at $80. It's unlikely to happen this time as the 2018 ATH was160x the prior 2016 ATH whereas the 2021 ATH of $4380 is 2.7x than the prior 2018 ATH. Thus, a 95% drawdown won't happen this time although, we can't be surprised if it does.

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