Question:

Analyze the total volume on Overtime Markets over the past two weeks. Which games received the most activity, both in total users and total $ volume? Which sports are receiving the most bets in total dollar volume on a daily basis? Explain your findings.

Overview of study:

The structure of this study has been shaped into two different parts: One with the overall stats and the second part stands for the detailed analysis of sports and game.

The investigation has been done for the past 2 weeks.

Special thanks for elmiaON#8082 to provide jSON file on Discord channel.

What is Overtime market?

> Overtime is a Sports AMM (Automated Market Maker). Users can "position" on the outcome of sports matches and cash out any winnings ALL ON-CHAIN. > > \

By the use of this tool, users can bet on various sport events by opening positions on matches.

This tool has been developed by Thales group on Optimism network.

Approach:

• To handle this study the optimism.core.fact_token_transfers table has been utilized.
• The specification of Overtime markets has been done by to_address = '0x170a5714112daeff20e798b6e92e25b86ea603c1'.
• 4 stable tokens have been used to take bets including sUSD, USDC, DAI and USDT.

Notable findings:

The overall stats related to the performance of overtime market have been summarized as below:

• As a sport fan its crucial to follow the time of events to underestimate the participation on Overtime market.
• For example soccer matched take place on the weekend but UEFA champions league matches are on Tuesday and Wednesday.
• The highest participation with considering average volume per bet take place on August 14 with 364 USD per bet.
• The largest group of participants take place on August 21 which Sunday and lots of matches played on that date is with 137 unique wallets.
• Now if the Baseball matches coincidence with Soccer matches then the highest volume happened like August 14th.

Analyze Games and Sports categories:

Notable findings:

Now in this part lets analyze the detail of matches and sport categories:

• The most popular sport that collected more bet volume in the past 2 weeks is Baseball and the Soccer stands in the second rank.
• From the participants point of view, the Soccer takes the lead over other sport categories.
• Like said in the previous part, the weekends are days that Soccer matches take place so as can be seen, in the August 13,14 and 20, 21 the participants and volume of bets for Soccer were higher than other sports.
• MMA has special events or matches that could be collected the attention of sport fans like event take place on August 19th that cause huge volume of bets on that date.
• From the Participants point of view, the Baseball match between Boston Red Sox vs New York Yankees has collected the largest group of participants. In the second rank the biggest Derby of EPL appeared between Manchester United and Liverpool.
• According to the volume of placed bet, the Baseball match between Boston Red Sox vs New York Yankees has absorbed the highest volume of bets in the past two weeks.

References and useful links:

• Overtime Market
• ** -- Tip**
• THALES market

Author:

Credited by MZG

Discord handle: m.zamani#0361

Twitter handle: @GargariZamani