Why decentralized betting platforms are not so popular?
Reason is simple: they are not as good as their creators think. People care not only about an ability to decrease own expenses and get rid of intermediaries, but also about own comfort. Design matter much more than you can imagine. Maybe, for newbie players impact is not as big, but experienced gamblers want everything to be perfect and they are ready to pay for this comfort. However, even comfortable conditions could not make person, who overpays, to become loyal. That is why bookmakers try their best to provide users with the best possible terms or just to make users believe that level of service and profit is high. Both ways work fine.
Bitgoals offers completely new way of changing the situation. We are talking about combination of centralized and decentralized technologies, but with understanding that both of them are not perfect. In addition, most of people would like to experience decentralization without losing comfort, while most of decentralized bookmakers are pure hell. Just look at the odds.
Most of decentralized exchanges offer you “fair odds”, but what is fair? This kind of betting had already been tested by several gaming platforms and it is just unsuitable. At first, odds are moving too fast. For example: there was a match between two teams. Odds were almost equal, but there were a small favor for one of the teams. Several hours before the match started, key player of favored team gets injury, so he will not be able to play. Odds had been changed slightly. In addition, you are not able to decline your bet. Some people say that is how betting should look like, but we think that we need to get best from all the viewpoints about the future of gambling and betting, and Bitgoals team thinks in the same direction with us.
Too much liberty
Decentralized bookmakers offer you an ability to set odd on your own and wait for people, who will accept these odds. In fact, you may wait for such person for ages, especially, if bookmaker is young and there is not so much users. Moreover, you need to look for these people on your own, since there were no matching system at all. Of course, every bookmaker of this kind wants bettors to use internal tokens only, which limit target audience even more.
Bitgoals does not create a gambling portal on its own, they create a set of tools to create one. If you would spend some time looking for the reason of most gambling-related issues, you will get that most of them are cased by service providers.
Only the largest platforms can afford creating full gambling cycle: from the deposit through game to withdrawal on their own. Most of their competitors have to look for third party assistance in most cases and this assistance was very expensive since the appearance of Bitgoals. Transparent betting, fast withdrawals and highest level of protection for sensitive data – this is only several of Bitgoals advantages. You may learn more about them from advertisement in future or you can become part of it right now!
Website: https://bitgoals.com/
ANNTHREAD: https://bitcointalk.org/index.php?topic=4428882.0
Whitepaper: https://bitgoals.com/wp-content/uploads/2018/06/Bitgoals_WP_3.pdf
Author Bitcointalk Username: ryanfromrethink
Author Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=93104
Author ETH address: 0xf899f3525f71e2cfdbefd41e474a447078e7478f