Betting and sports have been partners for a considerable length of time. Be that as it may, the relations between the two have been falling apart.
The greatest misfortune has originated from the ascent of illegal betting.
The business has become as far as income, as well as in its range, and there are presently fears over its effect on the result of sporting occasions.
The assertions of match-settling crosswise over different games have by and by got sport bodies and administrators over the globe stressed and they are endeavoring to discover approaches to tackle the issue, and up to this moment they have not gotten a preferred solution to it.
The illegal sport betting industry has grown so big and huge that is sometimes difficult to give an exact estimate of its worth due to the fact that their transactions are not recorded. But from reserach the illegal sport betting industry its estimated to worth over $500 billion, which its a whole lot of money for an illegal entity.
One of the problems that has led to the development of this illegal sport betting is trust. Thete is no transparency and adequate trust between the players and traditional bookmakers and then opt to go for the classic bookmakers, but at the long run most of the classic bookmakers tends to manipulate the system and set coefficient which will favour them at the expense of the players by the underground and illicit tricks of these bookmakers.
At present there might not be a technology that can fix this but with the birth of blockchain technology and its decentralized features there is a glimpse of hope.
ROLE OF BITGOALS IN REVOLUTIONIZING SPORT BETTING INDUSTRY
The power of decentralization can not be over emphasize, the technology behind blockchain and distributed ledger record can revolutionize, and improve industries of all types. The goal is to bring this innovation to the gambling and sports betting industry and try to reduce and eliminate illegal sport betting to the lowest minimum, which will disrupt the traditional operators, at thesame time providing a superior product and experience to a general audience without giving the illegal bookmakers the opportunity to manipulate the system. Using a decentralized blockchain we will enhance the sports betting industry and drive in a new trust-less era of fairness, availability, and security, building back the trust of players in the sport betting industry and Bitgoals is already on track to see that this height is acehived with ease.
Bitgoal is a platform developed to unite all role players in sport industry, bringing them under a unified ecosystem that will encourage trustworthiness and transparency and allow them to co-exsits in to have fair share of the revenue allowing all these to be done under a immutable ledger protocol.
This will give players the opportunity to participate in sport betting activities.
But they are still faced with these problems
. Complex registration procedures
. Delay in pay out of funds won by players
. Government regulations and restrictions
. High fees
. Limited betting amount
These among many are the problems faced by players that participate in the traditional sport betting. Bitgoals is set to provide a long-lasting solution to this issues.
Decentralized blockchain technology is still in its early stage and the widespread adoption is still growing but many business in diffrent sectors has seen its usecase and they are working to take advantage of the many benefits it offers. Technological development and advancement takes time, and we believe the true cryptocurrency boom will converge with widespread adoption, and the everyday use of these technologies by society in general will increase significantly.
Bitgoals will seek to use the decentralized feature of blockchain technology to solve these problems by creating a favourable condition and experince that will drive the illegal sport betting platform into extinction as many users would love to dispose the illegal sport betting platform and embrace bitgoals decentralized and transparent platform.
DISTINCTIVE ADVANTAGES OF BITGOALS ECOSYSTEM
Instant payout
One of the bottlenecks of traditional sport betting is their inability to give instant payment after a deserved win. They mostly pay in pieces, but in bitgoals reward are paid instantly.
NO disturbance from government
Bitgoals exist as an independent entity without any interference from government regulations.
Unambiguous registration process
Registration process on bitgoals is swift and easy. Complex registration procedures has been replaced by the smart contracts integration.
TEAM INFORMATION
CONCLUSION
With bitgoals ecosystem illegal sport betting platform will be eliminated with the help of blockchain technology run by smart contracts.
For more information visit:
Website: https://bitgoals.com
Whitepaper: https://bitgoals.com/wp-content/uploads/2018/06/Bitgoals_WP_3.pdf
Twitter: https://twitter.com/BitGoals
Facebook:* https://www.facebook.com/BitGoalsSTP
Telegram: https://t.me/BitGoals
Writer: phatpharm20
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2038562
Eth : 0x1cff5da802703815aea69be79491c636369d0d1f
