Review On Bet Moose

The rave about Bitcoin and the cryptocurrency industry is opening new ways of doing things, from buying and selling of goods and services and how we spend our recreational time and funds. One of the new frontiers the cryptocurrency universe has opened for the modern world is the predictions markets, and one of the forerunners in this field is the site known as Betmoose.

(Image Source : https://www.betmoose.com/)

What is Betmoose?

Betmoose is an online gambling site that is unlike your conventional online casino where you play Russian roulette or roll dice in a game of chance. This is a site which differs in both the games being played and the means of payment that is used which is unlike anything that has been seen before it.

Betmoose specializes in betting on real life future events, where a registered user can place a wager that a certain event either in world politics, economics, or major sporting event will occur within a specific period of time (usually within one year of placing the bet). Other users are then eligible to bet against such an event or make a counter-bet. In the end the person who predicts the event accurately wins big with commissions going to the host (the person who initiated the bet).

Betmoose allows people to bet on the occurrence of a wide variety of things such as if the US President will end his tenure peacefully or will be impeached by congress as well as other things like if Bitcoin was going to hit a record $100,000 within this year. Betting is no longer restricted to sporting events, with Betmoose, as the field or area of betting solely depends on the initiator of such a bet.

Betmoose Currency

The only currency that is so far accepted for betting on the Betmoose platform is Bitcoin. The choice of Bitcoin might be for number of reasons, one of which is that it allows any user from any part of the world to easily participate in the prediction games no matter what their domestic rules say on such gambling activities. Bitcoin also as a currency is known for surging quite wildly, which represents an added incentive for users to participate in the prediction games as well. Depositing and Cashing out winnings is also completely hassle-free as the user doesn’t have to use their bank accounts or other centralized payment vehicles.

Hall of Fame

Another fun part of the Betmoose platform is that it ranks its users according to the number of predictions they have been able to accurately make and on the total profit they have been able to muster from their bets. The Hall of Fame is a ranking system on the platform where the user can gain legendary status and even gain followers who might ask them for advice on prediction matters.

Pros

• Lively user interface
• Limitless possible genres and fields for betting
• Worldwide service
• Values user’s privacy as no personal information is required to host bets

Cons

• Profits from bets depend on number of people who bet against you
• Only uses Bitcoin and as such is not yet Smart Contract friendly