Odds are so far from real values
We want this article to be understood even by people, who have no experience in betting area, so be patient if some parts are too obvious for you. Only together we are able to make changes, so we want attract as much audience as possible.
It would be much easier to explain the entire scheme by example, but first you need to think about betting and gambling portals, especially, about their marketing activity. News about new sponsorships appear every day, while bookmakers keep telling its customers that they are getting the best possible terms. One more thing is bonuses. It is hard to get them, due to large list of requirements, but still they do exist. Usually, you need to make several actions. Since bookmakers do not want to be unprofitable, they earn enough money on you during performance of these actions.
Have you ever think about sources of income of bookmakers? Where do they get money, if they are as honest as they say? You are about to discover one great secret, which is able to change your picture of online or any other kind of betting forever.
So let us back to the example. There are two teams, which have equal probability of winning the match. In perfect world, odd for team A is 2 and odds for team B is 2. Now you should find similar example on any betting website. When you failed, you are ready to know the truth. Most of odds will be 1.84, which means that 16% of you win or loss are profit of the betting portal. Fees may vary between 30% and 10%, but fact remain the same, there is impossible to find betting portal without fees, so if you come across such promo, note that you are being fooled.
It is clear that all portals need to pay for maintenance of their servers and other necessary stuff, but they can avoid lies. We have zero tolerance to liars and scammers, so we have been searching for reliable betting solutions and Bitgoals is one of them.
Three simple facts
Most of blockchain solutions need to attract investments, but Bitgoals had already passed ICO stage and started the development. It means that they would be ready to present working product much earlies than any of their competitors.
Automation, usage of smart contracts and blockchain technologies allow Bitgoals to solve several problems, which are common in betting industry. On Bitgoals transactions are fast and secure. Moreover, you do not need to wait for withdrawal or for getting your prize for ages, because all transactions are almost instant.
Finally, they do not create platform, they create protocol, which could be implemented in both newly created and well-known portals. First portals to connect Bitgoals will get the best terms and great competitive advantage. Low fees, fast operations and safe transactions will become crucial part of betting industry, so do not miss your chance to become part of upcoming changes!
Website – https://bitgoals.com/
Whitepaper – https://bitgoals.com/wp-content/uploads/2018/06/Bitgoals_WP_3.pdf
ANN Thread – https://bitcointalk.org/index.php?topic=4428882.0
Author ETH Wallet: 0xD366F924Da54f51a20D553435CEE80a3fBb9223d
Author: https://bitcointalk.org/index.php?action=profile;u=1406974
