Sports Betting Blockhain Projects | Crypto Sportz

in #cryptocurrency6 years ago

cryptosportz.jpg

The start of the video below which is used to explain their project quickly sums this one up...

No Odds

Crypto Sportz right now offers Sports Betting on the Ethereum Blockchain in a very limited way (See their Whitepaper). They put up Selected matches where you can choose a side and use Metamask to put Ether in a smart contract which is being released to the winners after the match is settled. They don't show any odds and payouts seem to be just based on how many wagers are on each side. (which might bring opportunity when entering very late)

The way they earn money is by taking an automatic 5% fee on the wagered amount. They also have a referral progam that offers 20% of the collected fees.

Crypto Sportz is something for very Casual Sports Bettors who want to use some of their Ethereum to gamble. I wanted to try it out but the fact that they list no odds kept me from doing so. Not something for me, but nice to see a Sports Betting Related Project that is actually operational!




List of Available Blockchain Sports Betting Projects
(* The ones I look to try out myself)

ProjectTypeWebsite
Wagerr *Sports Bettingwagerr.com
Bookie *Sports Betting Exchangebookie.exchange
(^Peerplays)(^Bookie Platform)(^Peerplays)
Betterbetting *Sports Betting ExchangeBetterbetting.org
Blitzpredict *Betting Brokerblitzpredict.io
AugurPrediction Marketsaugur.net
GnosisPrediction Marketsgnosis.pm
StoxPrediction Marketsstox.com
decent.betSports Betting - Casinodecent.bet
FansuniteSports Bettingfansunite.io
GrazSports Betting Exchangegraz-ico.com
BetriumSports Bettingbetrium.co
Xwin CryptobetSports Betting & Casinoxwin.io
Crypto SportzSocial Bettingcryptosportz.com
BethereumSocial Bettingbethereum.com
GifcoinICO Book Profit Sharegifcoin.io
Heroesports Bettingherocoin.io
Gimliesports Bettinggimli.io
Unicoingoldesports Bettingunikoingold.com
Goal Bonanza **Correct Score Lotterygoalbonanza.com
Betmaster **Sports Bettingbetmaster.io
** Scam Alert

Previous Reviews














Please let me know if there are projects I overlooked.


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They don't show any odds and payouts seem to be just based on how many wagers are on each side. (which might bring opportunity when entering very late)

Having no odds leaves you the only one option and you've identified it , bet just before the start of the game and only in a case when the payout is big enough to justify it (eg. their implied odds are high enough).

One thing that bothers me is this:

DISCLAMER
Nobody owns Crypto Sportz, it owns itself.
It exists only as a set of code on a blockchain network called Ethereum, this site is a graphical interface that helps you visualize the decentralized code.

That won't hold water in any court of law and I don't know why they've put it there at all. If they ever get big enough to catch the interest of some prosecutor, they'll see that a disclaimer like that is worth nothing at all.

These kind of projects are quite interesting as they don't aim to create their own coin and just use ethereum smart contracts. I found another one that does the same thing but seems far superior. Not sure of it all really works and if it's actually scalable though.

This year will be interesting for all these projects, I'm really looking forward to see how it all plays out.

sports betting blockchain projects will bloom for sure . bet365 have such a name fame . even with mouth publicity betting sites get fame. so I truly believe gambling industry will just take them to top .

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