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Separating Truth From Lies When it Comes to Bitcoin Gambling Profits - Bitsonline (press release) (blog)

Published 2 years ago

Separating Truth From Lies When it Comes to Bitcoin Gambling Profits - Bitsonline (press release) (blog)

BitsOnline via bitsonline.com

When considering these claims, Goodman said, potential customers should understand that “there is nothing that makes bitcoin or blockchain based gambling platforms more profitable than traditional platforms” in terms of guaranteed profits or higher-than-average winnings. A new sports betting platform, however, says it guarantees higher profitability over traditional services in a much more reliable way than other companies in the blockchain space. FansUnite, a virtual sportsbook operated by a team with more than 50 years of industry experience, says it is developing a blockchain-based betting platform that will drastically improve returns for bettors. FansUnite is confident that their blockchain product will allow them to charge an industry-leading fee of 1 percent per bet upon launch, which they claim is up to 80 percent lower than traditional fiat sportsbooks. At a traditional sportsbook with 10 percent fees, FansUnite said, bettors need to win 52.5 percent of their wagers to break even. The platform allows users share their betting picks and strategies with each other, and is incentivizing this positive behaviour on the platform by rewarding users with tokens based on their Community Incentive Plan: If blockchain-based betting platforms become mainstream, will “traditional” services that use fiat payments even stand a chance? FansUnite CEO Darius Eghdami told Bitsonline that while they will be focusing on their new blockchain betting platform, they will still maintain their free-to-play virtual sportsbook. Eghdami said the new platform’s efficiency, combined with significantly lower fees, “should prove highly compelling for bettors to give us a try.” Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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