I have to say, there is fun in betting and predicting the outcome of an event, having the confidence that the outcome of a sports match would be what you predicted, is fun and a great way to spend once time and money.
AN OVERVIEW
From the inception of prediction and betting, the sole aim was to provide a medium where people who loved the game could make money and have fun at the same time, but since civilization and greed has taken over the industry we now have bookmakers who are only concerned about making profit for themselves and not giving players a fair and an experience game they will enjoy, and that is why today there have been delays in players pay-out requests and interference by the service providers. That is why today I will be introducing you to a decentralized betting ecosystem void of all these challenges.
INTRODUCING BX.BET
BX.BET is a decentralized betting and prediction ecosystem which is designed to restore trust, transparency and more into the betting ecosystem, which the centralized betting system has lost in recent time, thereby giving players an unforgettable experience.
PROBLEMS ASSOCIATED WITH THE CENTRALIZED BETTING SYSTEM
Listed below are a few of the problems associated with the centralized betting platforms:
Delay in reward pay-out: I have had issues severally with different gambling platforms in which after winning they make me go through a very lengthy process in withdrawing my funds and sometimes they eventually do not credit me with my winnings.
Interference of providers: bookmakers often interfere with the betting activity on their platforms, from restriction or banning of frequent winners to putting a cap on withdrawal amounts, which is geared at making sure they make more profit.
THE BX.BET STRATEGY
BX.BET is a decentralized online sports betting platform which will be providing the solution for the aforementioned problems by creating a decentralized betting ecosystem which will be built on the blockchain technology, they will be providing different means for players to enjoy betting and make a good profit out of it.
BX will be offering two (2) types of betting markets which are
- Public and
- Private markets
BX will be putting players in charge of their betting experience by allowing them to be their own bookmakers while creating their own game on the ecosystem, and the general community will be in charge of accepting a bet being placed on the platform by any user.
BX.BET allows odds to be generated via supply and demand of users which will eliminate the non-transparent and unfair odds determination which have plagued the traditional bookmakers, with BX, odds will represent the probability of incidence of a specific result, based on the aggregated opinions of users.
BX will be a decentralized betting and prediction market which will allow users to place bets on any market created by the community. Becoming a bookmaker has never been easier, in the BX ecosystem; every user can become a market owner and receive a share of the market they create.
BX being in a decentralized ecosystem will have its own token known as the BX Token, which will be used for all forms of payment and transaction on the community and ecosystem.
FINAL THOUGHT
BX is a next-generation betting and prediction platform and you have a lot to benefit from being a part its ICO which is presently ongoing.
Get more information about the BX.BET project and its ICO from the links below:
Website | Whitepaper |Telegram | Twitter | Facebook | Medium | Youtube |ANN thread
Writer: Sorento
ETH Address: 0x27D90C131D8C7b19107f9200857337F1dB1CfEf3
Bitcoitalk URL: https://bitcointalk.org/index.php?action=profile;u=1910177