Do you like betting? There is a good chance that you do, as more and more people are starting to bet online these days. In fact, online betting is a very profitable industry which is growing more and more since the last decade. The industry is actually growing so much that it can be hard to find good sites for sports betting, for example, because there are so many of them.
To help you find the right place to bet or to invest, our blog reviews many companies and investments. Today, we will review a company which plans to disrupt the online betting market and to make a revolution. Its name is Bookie.
What is Bookie Exchange?
Bookie is a blockchain-based betting exchange that will enable its users to bet on sports from all over the world with security and speed. The main difference between Bookie and the other sports betting companies is that Bookie is decentralized. This means that your money does not go through a third-party, it is directly sent via the blockchain and Bookie does not hold it.
This means that it can be more efficient and secure to use this company than the other ones, as Bookie has no control over your tokens. Bookie does have a “house”, it matches your bet against other players who want to bet against you.
In fact, nobody even owns Bookie. The profits of the company are distributed to holders of the company’s tokens.
How Does Bookie Work?
The company works in a similar way to a stock exchange. What a stock exchange does is the working of matching buyers and sellers of a certain amount of money. Bookie works almost like that: it matches people by their bets.
You do not need to look for people to bet with. The system will automatically do that for you. Users can be from all around the world, so you just need to choose on what sport and game you want to bet and do it. Bookie will do all the hard work and match your bet against the best available price on the platform.
All of the funds which were bet will be stored in an escrow until the end of the game and then the winners will receive them. There is a charge for using the company’s service, but it will be low compared to what the other companies charge (or at least what is what Bookie states).
The company had an Initial Coin Offering (ICO) in May 2017, but all of the PPY tokens were sold. If you want to invest in this company, you will have to look for token holders and trade with them. All of the profits generated by Bookie will go to the token holders, so it can be a good idea to invest in this company.
How to Play Using Bookie Exchange?
To play using Bookie you will have to register using a valid email and a Bitcoin wallet. At this moment, the platform is still not online, but it seems like Bookie will be online at any moment, as the official site states that Bookie will be available during the first quarter of 2018.
You will also be able to use this platform on your smartphone on the future, as there is a plan to release it on Android on the second half of 2018, you will just have to wait for a while.
Bitcoin will be the only currency used in Bookie. Other cryptocurrencies will be adopted later, but at this moment, you will only be able to use Bitcoin when Bookie is finally operational.
The Bookie Exchange Verdict
Is this company good for you? Yes. If you are after a good platform with low fees, you can definitely say that Bookie is adequate. The platform is still not online, so we cannot use it and review it from you, but you have to think about the positive and negative points.
The positive ones are that the ICO of the company was completely successful and that the idea of Bookie is actually really good, so the company has a great chance of actually working well. The negative point is that unlike all the other companies, Bookie is still untested and it might present issues in the future, but we cannot know that for know.
Because of this, you should wait until Bookie is finally released and you will have to decide for yourself. Will this be a good platform for you? Only you can say that for sure, but we are certain that it will probably be a good one.