Update bet UI with market summary and computed columns
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@ -10,6 +10,11 @@ import { Spacer } from './layout/spacer'
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import { YesNoSelector } from './yes-no-selector'
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import { formatMoney, formatPercent } from '../lib/util/format'
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import { Title } from './title'
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import {
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getProbability,
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getDpmWeight,
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getProbabilityAfterBet,
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} from '../lib/calculation/contract'
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export function BetPanel(props: { contract: Contract; className?: string }) {
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const { contract, className } = props
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@ -79,8 +84,12 @@ export function BetPanel(props: { contract: Contract; className?: string }) {
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const betDisabled = isSubmitting || !betAmount || error
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const initialProb = getProbability(contract.pot, betChoice)
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const resultProb = getProbability(contract.pot, betChoice, betAmount)
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const initialProb = getProbability(contract.pot)
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const resultProb = getProbabilityAfterBet(
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contract.pot,
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betChoice,
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betAmount ?? 0
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)
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const dpmWeight = getDpmWeight(contract.pot, betAmount ?? 0, betChoice)
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const estimatedWinnings = Math.floor((betAmount ?? 0) + dpmWeight)
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@ -166,29 +175,3 @@ export function BetPanel(props: { contract: Contract; className?: string }) {
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const functions = getFunctions()
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export const placeBet = httpsCallable(functions, 'placeBet')
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const getProbability = (
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pot: { YES: number; NO: number },
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outcome: 'YES' | 'NO',
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bet = 0
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) => {
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const [yesPot, noPot] = [
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pot.YES + (outcome === 'YES' ? bet : 0),
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pot.NO + (outcome === 'NO' ? bet : 0),
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]
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const numerator = Math.pow(yesPot, 2)
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const denominator = Math.pow(yesPot, 2) + Math.pow(noPot, 2)
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return numerator / denominator
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}
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const getDpmWeight = (
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pot: { YES: number; NO: number },
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bet: number,
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betChoice: 'YES' | 'NO'
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) => {
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const [yesPot, noPot] = [pot.YES, pot.NO]
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return betChoice === 'YES'
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? (bet * Math.pow(noPot, 2)) / (Math.pow(yesPot, 2) + bet * yesPot)
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: (bet * Math.pow(yesPot, 2)) / (Math.pow(noPot, 2) + bet * noPot)
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}
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@ -7,8 +7,10 @@ import { Bet } from '../lib/firebase/bets'
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import { User } from '../lib/firebase/users'
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import { formatMoney, formatPercent } from '../lib/util/format'
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import { Col } from './layout/col'
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import { ContractDetails } from './contracts-list'
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import { Spacer } from './layout/spacer'
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import { Contract } from '../lib/firebase/contracts'
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import { Row } from './layout/row'
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import { calculateWinnings, currentValue } from '../lib/calculation/contract'
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export function BetsList(props: { user: User }) {
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const { user } = props
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@ -25,7 +27,7 @@ export function BetsList(props: { user: User }) {
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return (
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<Col className="mt-6 gap-10">
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{Object.keys(contractBets).map((contractId) => (
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<ContractBetsTable
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<MyContractBets
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key={contractId}
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contractId={contractId}
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bets={contractBets[contractId]}
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@ -35,47 +37,116 @@ export function BetsList(props: { user: User }) {
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)
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}
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function ContractBetsTable(props: { contractId: string; bets: Bet[] }) {
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function MyContractBets(props: { contractId: string; bets: Bet[] }) {
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const { contractId, bets } = props
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const contract = useContract(contractId)
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if (contract === 'loading' || contract === null) return <></>
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const { resolution } = contract
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const betsTotal = _.sumBy(bets, (bet) => bet.amount)
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const betsValue = _.sumBy(bets, (bet) => currentValue(contract, bet))
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const yesWinnings = _.sumBy(bets, (bet) =>
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calculateWinnings(contract, bet, 'YES')
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)
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const noWinnings = _.sumBy(bets, (bet) =>
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calculateWinnings(contract, bet, 'NO')
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)
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return (
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<div className="px-4">
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<Link href={`/contract/${contractId}`}>
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<a>
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<p className="font-medium text-indigo-700 mb-2">
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<div className="font-medium text-indigo-700 mb-1">
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{contract.question}
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</p>
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<ContractDetails contract={contract} />
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</div>
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<Row className="gap-2 text-gray-500 text-sm">
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<div>By {contract.creatorName}</div>
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{resolution && <div>•</div>}
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{resolution === 'YES' && (
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<div className="text-primary">Resolved YES</div>
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)}
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{resolution === 'NO' && (
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<div className="text-red-400">Resolved NO</div>
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)}
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{resolution === 'CANCEL' && (
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<div className="text-yellow-400">Resolved CANCEL</div>
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)}
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</Row>
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</a>
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</Link>
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<Spacer h={4} />
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<div className="overflow-x-auto">
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<table className="table table-zebra table-compact text-gray-500 w-full">
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<thead>
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<tr className="p-2">
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<th>Outcome</th>
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<th>Amount</th>
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<th>Probability</th>
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<th>Estimated payoff</th>
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<th>Date</th>
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</tr>
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</thead>
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<tbody>
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{bets.map((bet) => (
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<BetRow key={bet.id} bet={bet} />
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))}
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</tbody>
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</table>
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</div>
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<Spacer h={6} />
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<Row className="gap-8 ">
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<Col>
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<div className="text-sm text-gray-500">Total bets</div>
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<div className="">{formatMoney(betsTotal)}</div>
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</Col>
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{resolution ? (
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<>
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<Col>
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<div className="text-sm text-gray-500">Winnings</div>
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<div className="">{formatMoney(yesWinnings)}</div>
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</Col>
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</>
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) : (
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<>
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<Col>
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<div className="text-sm text-gray-500">Current value</div>
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<div className="">{formatMoney(betsValue)}</div>
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</Col>
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<Col>
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<div className="text-sm text-primary">If YES</div>
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<div className="">{formatMoney(yesWinnings)}</div>
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</Col>
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<Col>
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<div className="text-sm text-red-400">If NO</div>
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<div className="">{formatMoney(noWinnings)}</div>
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</Col>
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</>
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)}
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</Row>
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<Spacer h={6} />
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<ContractBetsTable contract={contract} bets={bets} />
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</div>
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)
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}
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function BetRow(props: { bet: Bet }) {
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const { bet } = props
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function ContractBetsTable(props: { contract: Contract; bets: Bet[] }) {
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const { contract, bets } = props
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return (
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<div className="overflow-x-auto">
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<table className="table table-zebra table-compact text-gray-500 w-full">
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<thead>
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<tr className="p-2">
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<th>Outcome</th>
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<th>Bet</th>
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<th>Probability</th>
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<th>Date</th>
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<th>Est. max payout</th>
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<th>Profit/loss</th>
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</tr>
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</thead>
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<tbody>
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{bets.map((bet) => (
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<BetRow key={bet.id} bet={bet} contract={contract} />
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))}
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</tbody>
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</table>
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</div>
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)
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}
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function BetRow(props: { bet: Bet; contract: Contract }) {
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const { bet, contract } = props
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const { amount, outcome, createdTime, probBefore, probAfter, dpmWeight } = bet
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return (
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@ -85,8 +156,9 @@ function BetRow(props: { bet: Bet }) {
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<td>
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{formatPercent(probBefore)} → {formatPercent(probAfter)}
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</td>
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<td>{formatMoney(amount + dpmWeight)}</td>
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<td>{dayjs(createdTime).format('MMM D, H:mma')}</td>
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<td>{formatMoney(amount + dpmWeight)}</td>
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<td>{formatMoney(currentValue(contract, bet) - amount)}</td>
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</tr>
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)
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}
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@ -18,7 +18,7 @@ export function ContractDetails(props: { contract: Contract }) {
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{resolvedDate ? `${createdDate} - ${resolvedDate}` : createdDate}
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</div>
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<div className="mx-2">•</div>
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<div className="whitespace-nowrap">{formatMoney(volume)} pot</div>
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<div className="whitespace-nowrap">{formatMoney(volume)} bet</div>
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</Row>
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)
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}
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66
web/lib/calculation/contract.ts
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66
web/lib/calculation/contract.ts
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@ -0,0 +1,66 @@
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import { Bet } from '../firebase/bets'
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import { Contract } from '../firebase/contracts'
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export function getProbability(pot: { YES: number; NO: number }) {
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const [yesPot, noPot] = [pot.YES, pot.NO]
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const numerator = Math.pow(yesPot, 2)
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const denominator = Math.pow(yesPot, 2) + Math.pow(noPot, 2)
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return numerator / denominator
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}
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export function getProbabilityAfterBet(
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pot: { YES: number; NO: number },
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outcome: 'YES' | 'NO',
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bet: number
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) {
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const [YES, NO] = [
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pot.YES + (outcome === 'YES' ? bet : 0),
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pot.NO + (outcome === 'NO' ? bet : 0),
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]
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return getProbability({ YES, NO })
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}
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export function getDpmWeight(
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pot: { YES: number; NO: number },
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bet: number,
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betChoice: 'YES' | 'NO'
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) {
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const [yesPot, noPot] = [pot.YES, pot.NO]
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return betChoice === 'YES'
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? (bet * Math.pow(noPot, 2)) / (Math.pow(yesPot, 2) + bet * yesPot)
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: (bet * Math.pow(yesPot, 2)) / (Math.pow(noPot, 2) + bet * noPot)
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}
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export function calculateWinnings(
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contract: Contract,
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bet: Bet,
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outcome: 'YES' | 'NO' | 'CANCEL'
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) {
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let { dpmWeights, pot } = contract
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const { amount, outcome: betOutcome, dpmWeight } = bet
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if (outcome === 'CANCEL') return amount
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if (!dpmWeights) {
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// Fake data if not set.
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dpmWeights = { YES: 100, NO: 100 }
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}
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// Fake data if not set.
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if (!pot) pot = { YES: 100, NO: 100 }
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return betOutcome === outcome
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? 0.98 *
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(dpmWeight / dpmWeights[outcome]) *
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pot[outcome === 'YES' ? 'NO' : 'YES'] +
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amount
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: 0
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}
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export function currentValue(contract: Contract, bet: Bet) {
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const prob = getProbability(contract.pot)
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const yesWinnings = calculateWinnings(contract, bet, 'YES')
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const noWinnings = calculateWinnings(contract, bet, 'NO')
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return prob * yesWinnings + (1 - prob) * noWinnings
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}
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@ -31,7 +31,6 @@ export async function createContract(
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seedAmounts: { YES: seedYes, NO: seedNo },
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pot: { YES: seedYes, NO: seedNo },
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dpmWeights: { YES: 0, NO: 0 },
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isResolved: false,
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// TODO: Set create time to Firestore timestamp
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