FansUnite aims to be the first regulatory compliant decentralized social sportsbook, with 1% commission, and a community of fellow bettors striving to make your betting experience increasingly profitable. We believe the value proposition posed by FansUnite of better odds, community building incentives and verifiable results on the blockchain will prove highly compelling to potential token holders and members of the platform.
This is the first Medium blog about the project: Medium Post
I will be following this project as a sports bettor!
Some first reaction feedback.
I followed and resteemd.
Looking forward to more updates on the project.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi Costanza, thank you for the feedback. I'm going to address in order.
The name FansUnite was heavily inspired by the sports fans "uniting" to work together to become profitable. That is still our focus. I do understand, however, that it isn't a name that is clearly synonymous with betting. We do still have a big social component to our new platform, so that is why FansUnite works for us.
The initials of the token will likely be FUT for FansUnite Token. We've had a few people indicate that they do not like the name, so it is something we will discuss about altering. Thank you very much for providing your thoughts as well.
The 2% commission is from an individual bettors perspective. For example, instead of getting lines of -110 (or 1.91 if you prefer decimal), you will receive a line of -102 (or 1.98) for the equivalent bet on our platform. However, the our margin (or juice) is equal to 1% as that is the profit we will be making on two equal sized bets on the same event.
When our Platform Supply Pool increases above a certain threshold, some tokens will be provided to actively contributing members through our Community Incentive Plan to reward users who perform desired actions, such as posting bets and accompanying quality reason.
Thank you so much for your support. Don't hesitate to follow us on Slack to keep this discussion going. I really like your thoughts.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Looks interesting! Very much like the idea of getting rewarded for sharing your own betslips.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks harryp3. Our existing platform, FansUnite.com, is still on operation and is heavily focused on the social aspect. We feel like it will be an integral part of networks moving forward and a focal point of the new FansUnite Sportsbook.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
sort of retarded to be quoting 1% commission here and then in the post saying the fees paid by the better are 2%.
FansUnite aims to be the first regulatory compliant decentralized social sportsbook, with 1% commission
FansUnite will also be able to reduce the fees paid by the individual bettor to a historically low 2%. We’re intent on building a house where everyone can win.
don't even get me started on the house where everyone can win BS?
even shit like "improving everyone’s probability of profitability"
it's all BOLLOX, in a 2 player bet, by one person winning the other must lose.
I'm not fully sure if the better bets against fansunite or other players, but if everyone knows that a big winning player bets on the nets in a certain game, then everyone knows it- and this is priced into the odds of the event occuring.
and even if I followed it and I got countably more profitable the opposite of my bet would still be a loser. but everyone would be more profitable somehow???
LOL
Jog on fansunite
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The issue you've identified is one of two perspectives: 1) for the individual bettor, and 2) for the sportsbook. From the individual bettor's perspective, the price they will be charged on traditional sportsbooks compared to FansUnite.io is -110 (1.91) compared to -102 (1.98). Obviously, this is a pretty big difference. For the invidual bettor, they are being charged 9 percentage points on the true odds of the game (2.00) at other sportsbooks, compared to just 2 percentage points on FansUnite.
From the Sportsbooks (FansUnite's) perspective, the margin (or juice) is just 1% on a given match. That is our spread in the odds and likely profitability on the volume of wagers.
As stated in response to your previous question, FansUnite will be the counterparty to the bets.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit