Sport Betting can be dated back to the earliest days of sports where individuals would wager on foods, cloths, gold, literally anything valuable with the hope of earning their initial wager alongside the opposite team’s own.
Over the years, Sport Betting has moved through different platforms and each case sticking with the current technological type for that Era, and this Era is no different.
Blockchain and Cryptocurrency can be referred to the two most advanced platforms currently available which holds different use case, some yet to be fully explored.
Sport Betting tallies with one of its use case called smart contract.
A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Wikipedia
With this, individuals don’t need to be on ground to verify if an event is true or not, using different platforms already in place, smart contract automatically draws a conclusion and assign the right value to such event.
This tallies with the concept of Sport Betting.
SportBet is a live betting platform built on the EOS blockchain which makes use of the smart contract feature.
According to their FAQ,
SportBet is the first decentralized sports-betting platform built on the EOS blockchain. Unlike traditional online sportsbooks, our platform doesn’t require identity verification and deposits. SportBet ensures anonymous, transparent betting and direct payouts to the user’s EOS account. You need to own EOS cryptocurrency and account to be able to bet on SportBet. SportBet
SportBet is not limited to live games but also covers esport games, by esport I mean tournaments held on computer games like CSGO, LOL, and many others. EOS users will be bet on such games and the winner takes it all.
While the pandemic continues, SportBet might just be the next big thing on the EOS blockchain.
Steps to get started with SportBet
SportBet runs on the EOS blockchain and such it requires an EOS account and also a wallet which support access to EOS Dapps.
While we have many EOS wallets currently available, I personally find the best to be TokenPocket.
TokenPocket is a multi-chain wallet that allows users to easily store crypto assets across different types of blockchain while also acting as a Dapp browser to access Dapps built on these blockchains.
- Download the latest version of TokenPocket here https://www.tokenpocket.pro/ it supports both IOS and Android devices.
- Launch TokenPocket and create an EOS account or import one via the different methods available
- Fund your EOS account with some EOS if you intend to bet
- Click on Discover menu from asset page and locate SportBet
- Click on SportBet
SportBet allows users to easily bet on live matches and ESPORTS games using EOS coin, it also houses a streaming feature where users can easily stream live Esport games directly from SportBet.
This simply means you can bet on a match and watch how the game plays out or simply stream your favorite Esport games for free.
Disclaimer: The above is for educational and entertainment purposes, individuals are advised to do their own research before investing in any digital platform.
Till some other time stay safe out there.