Bookie Blockchain Sports Betting Exchange: Launching Soon?
The gaming sector is on the rise, and the world is significantly embracing the changes. All these changes go hand in hand with the betting sector that has been booming in the recent years. The BookieBeta platform comes as a boost to these sectors as a way of connecting games with their fans. BookieBeta is an online decentralized exchange platform that works to connect gaming fans from across the world for sport betting placements.
How Does BookieBeta Work?
The platform is based on the leading blockchain technology that helps to safeguard and secure all transactions. Similarly, the privacy of all players is a guarantee and individuals get to transact freely within the ecosystem without fear of information leakage. To be specific, the Bookie site runs on Peerplays blockchain, which is primarily for supporting online gambling.
Furthermore, this betting exchange conducts its activities in a similar way with the operations of a stock exchange. While a stock exchange works to connect orders made to all buyers and stocks sellers, the BookieBeta exchange aims to match orders of all betting individuals without bias.
Through this, users don’t have to worry about finding individuals to place bets with on the platform as they automatically receive the connection they need. Furthermore, all you need to do is carefully make your betting choice (sport/event), indicate the amount of your bet and release funds for your bet. The platform takes control for the next stages and keeping all the funds from interested parties on the escrow for release to the winner.
What Do I Stand to Gain From BookieBeta?
Unlike the centralized platforms that might incur manipulation, Bookie conducts all its operations on the blockchain ecosystem, which makes it more transparent and accessible throughout the globe. Also, the site makes public all its back-end codes and business logic for access by everyone, thus being fair at every stage. The publication of all database for everyone to see is also another great feature that Bookie seeks to display.
Furthermore, the transactions on the platform are speedy hence saving you on time resources and higher transaction fees on traditional betting platforms. Since everything concerning the betting process undergoes digital handling, there is no chance of corrupt deals that lead to stolen user funds.
Additionally, the platform has no limitations on the type of bets and account operations. Here users have all the freedom they need, to make the right choices including participation in the multiple markets without risk of account closure. The benefits also spread to the “Back and Lay” feature and the unique opportunity to participate in back and forth market trades. The platform also has an affiliate option with the lowest participation charges.
Why Shouldn’t I Join?
Currently, the platform sets to release the desktop App through the 2018 FIFA World Cup. However, the mobile App will come up in 2019. Therefore, if you like conducting your transactions via mobile, then you would have to wait a little bit longer. Also, the team behind the Bookie idea isn’t public yet.
Conclusion on BookieBeta
The BookieBeta site works to provide betting enthusiasts across the world a fast, secure and fair ecosystem for their gaming activities. Overall, the platform seems pretty good, though we would appreciate more information on the developers. However, the data available is favorable for both beginners and experts, and if everything goes by the claims, then it’s worth a try.