OneHash: Mutual Bitcoin Betting Platform For Sports And Games?
OneHash is aiming to build the world’s leading mutual bitcoin betting platform. Find out how it works today in our OneHash review.
What Is OneHash?
OneHash, found online at OneHash.com, is a mutual bitcoin betting platform. At the time of writing, the platform is home to around 80,000 active users. Over 45,000 bets have been placed this week across over a dozen different sports.
OneHash focuses on two broad types of betting, including market betting and sports betting. Since OneHash is a mutual betting platform, all odds are created by the users themselves: there’s no centralized oddsmaker authority.
Traditional sports like soccer, basketball, football, hockey, and rugby are all available for betting on the platform. OneHash also offers eSports betting. In terms of market betting, users can bet on cryptocurrency prices, asset prices (like the price of oil), and foreign currency prices (like the GBP/USD exchange rate).
OneHash also offers a number of different games, including a dice game, penalty kick game, and slot machine game.
Let’s take a closer look at how OneHash works.
How OneHash Bitcoin Betting Platform For Sports & Games Works
All bets on OneHash take place in the form of mutual bets. OneHash describes mutual betting as “one of the most adrenaline-pumping ways to bet for your favourite teams and prove yourself right.”
Here’s the basic process that takes place when setting up a mutual bet:
- A bettor chooses a side to place his bet, and other bettors place their bets
- Every bet placed influences the winning multiplier until the pool closes
- After the match outcome, winners split the pool proportionally to their contribution
One of the biggest advantages of mutual betting is that the odds aren’t controlled by centralized gambling corporations, bookmakers, or algorithms. Instead, betting odds are controlled entirely by the crowd. Betting takes place between humans, and odds are never controlled or dictated by a computer or centralized entity.
In other words, mutual betting is decentralized betting where the crowd controls the odds.
Another advantage of OneHash (and many other blockchain-based betting platforms) is that the games and bets are provably fair. You can verify payments on the blockchain. You can check the randomness of the games on the blockchain. OneHash, like other blockchain gambling platforms, is 100% provably fair.
OneHash charges a 1% fee.
OneHash has another unique advantage: you don’t need to sign up in order to bet. Instead, you can make single bets on individual matches without ever signing up for the platform.
Members who do choose to sign up, however, will enjoy additional benefits, including OneHash wallet functionality that allows bets in two clicks, personal betting history, customized bet selection, and updates on new features.
Available OneHash Bets
OneHash has a surprisingly diverse range of bets and markets available, including bets from sports leagues around the world. Whether you’re betting on Russian hockey, Canadian football, or Bolivian soccer, you’ll find a number of options available with OneHash.
- Games: Goals, Dice, Moon, and Slots.
- eSports: CS:GO, Dota 2, League of Legends, and Overwatch
- Sports: Football/Soccer, Basketball, Tennis, Hockey, American Football, Baseball, Rugby, Handball, Combat Sports, and Cricket.
- Special Events: Special events in entertainment and sports, including FIFA Football Awards, Emmy awards, and the summer transfer window in football
- Markets: Cryptocurrencies, Forex, Commodities, and Stocks
Each category comes with dozens of different subcategories. Unlike other betting platforms, OneHash doesn’t just focus exclusively on the biggest leagues. The football/soccer category, for example, features La Liga, Premier League, and Bundesliga, among other major leagues. However, it also features events from the Philippines Football League, Persian Gulf Pro League, K-League 1, Egypt Premier League, Thai League, Qatar Stars League, and plenty of other lesser-known leagues.
OneHash also offers a diverse range of options on which to bet. You can do more than just bet on the final outcome of a match, for example. You can bet on things like the total goals from each team, the goal differential, the total goals in the match, and more.
OneHash offers four games, including Dice, Goals, Moon, and Slots. Here’s a brief overview of each:
Dice is one of the most popular blockchain-based games on betting platforms. The OneHash dice game, like other games, is provably fair. The numbers used for the outcomes of rolls are generated randomly. You can play the OneHash dice game with no risk: just set your bet amount to 0, roll the dice, and see how it works. You can increase the stakes as you feel more comfortable.
Goals is a soccer penalty kick-style game. The goal is to fool the keeper and win the prize. You shoot on 3 levels and can increase your money by x43544. With Goals, you shoot as many balls as possible in a row without letting the keeper make a save. The higher the level, the harder it is to win.
With Moon, you need to leave before the rocket explodes. You can win up to x1000. The goal is to fly as high as you can without being destroyed.
Slots is a traditional slot machine-style game. You can multiply your bitcoins by x1000, x100, x50, or x15. Just spin and get a chance to win.
All games are 100% random and 100% provably fair. You can verify the randomness of each game within the game by pressing the “verify” button.
Who’s Behind OneHash?
OneHash is operated by Blockchain Entertainment B.V., which has a registered office in Curacao. The company does business under the name OneHash.
OneHash is one of the more popular blockchain-based betting platforms available online today. The website offers hundreds of different items available for mutual betting, including sports matches, markets, entertainment events, and more. You can also play 100% provably fair games.
And, because OneHash is a mutual betting platform, there’s no centralized authority creating the odds, nor is there a bookmaker controlling how bets are made. All odds are dictated exclusively by public opinion.
To learn more about OneHash and its mutual betting system, visit online today at OneHash.com.