So a few thoughts, first being the market you are using as an example was made very early on before most of the users had figured out to make an effective market (I want to say day one iirc). Ideally you want to make a market that closes well before the outcome could be known, such as my CUB market I did recently. I agree, in a market where it is open until the last minute there is little to no point in participating as it will likely get sniped at the last moment and people will dogpile on the winning side, but all markets are not like that and shouldn't be like that.

That being said, when a market is made correctly, there's a fixed window to accumulate wagers on each side and then a period of time before the outcome is revealed (again see my cub market for example). This is the ideal format in my opinion. As far as liquidity pools on each side, it's not really feasible with a site like dublup as it is not a "business" in that sense and it's just a tool. I personally do splash some pretty big liquidity into pools, but it isn't something the site can do as it's an independent tool that doesn't influence outcomes or take a profit. It's completely community led markets and the community (oracles) validate the outcomes.

Building a centralized site with a "house" isn't a bad idea necessarily, but it comes with its own issues, namely losing the decentralized community led aspect, and of course gambling regulations. As far as "knowing the odds," that's never going to be a guarantee in any prediction market (or sportsbook for that matter) where anything of value is on the line. Even if there were liquidity pools, there's nothing to stop a whale from playing and throwing the odds, but an even bigger issue than that is the odds should not be fixed. They are by design meant to fluctuate and the best way to have a good idea of the odds before participating is to join close to the market closing or once the pools have already built up.

I think if you checked out some of the newer markets that people are making now, you'll see they have learned from those created in the first couple of days and you would have a better experience. If you want any help or tips on making a market like I'm describing I'm happy to help, tag me on the discord server. I appreciate the feedback and I'll pass it on to the team.

Posted Using LeoFinance ^Beta