YOUR eSports Betting just got BETTER!

[hatu]

Gambling draws wide participation across the world and it has entertained people for millennia. One of the unique factors of this is that it’s a very open entertainment means because a game of chance can be created on anything from weather to a soccer game. Though, bets on weather are likely to draw less attention than bets on sports because, naturally, people are more far more likely to be interested in the outcome of a game their favorite team is playing rather than tomorrows’ weather conditions.

Sports betting has always been popular but the rise of the internet has given more people a platform to participate in it. Since then, this market has seen exponential growth. Now, an off-shoot of sports betting is drawing a surging audience; eSports betting is one of the largest growing betting markets in the world.

eSports betting involves bets placed on video games. The gaming community is extremely large and many in it have developed a passionate support for professional gamers. People are now willing to place bets on winning teams or individual players that compete in large international gaming competitions. Asura World is a project that wants to help this community by using some of the most valuable benefits of blockchain technology.

Transparency & Smart Contracts

Unlike certain casino games that involve players to bet against the house, sports betting is a p2p interaction; players supporting their team bet against other players who are supporting other teams. There is no need of a middleman to operate within this market but not only are middlemen a staple in such bets, they also take huge fees.

Asura World utilizes smart contracts to make sports betting a truly p2p interaction. Thus, while the platform does take a maker’s fee, it is far less than current middleman fees. As smart contracts maintain the system, the betting environment is not only run more economically, it is also immutable, thus ensuring the integrity of any bet is safely maintained. Additionally, Asura World is built on the NEO blockchain and this ensures the platform’s transactions are secure and transparent.

eSports betting is a very simple interaction and it is built on age-old gambling concepts. However, a simple interaction can still yield benefits from advanced technology. Asura World is setting the standard of how existing markets can function even better by utilizing blockchain technology.

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Comments

[ladaural]

This is an interesting article, thanks for sharing it, you always develop topics that are very important @hatu

eSports is becoming a big market. Worldwide, there are millions of people who like to bet but always have to be exposed to the risks that this type of practices entails. With eSports, betting is completely safe and of course it will attract more people.

eSports is an excellent betting tool, even for novices like me. By including smart contracts, you can incur in this world because it will be fully backed and secure.

The Asura blockchain makes eSports a great project. Blockchain technology is integrating with all aspects of our lives, making them safer and more fairest scenarios.

I'm sure eSports will grow faster because its attributes give it incredible scalability! <3

[hatu]

You hit an important point.
If the betting environment becomes more secure, it would be more welcoming to new-comers.

[anishag]

@hatu
I agree to everything on your post.
Gaming and betting on them is a field of definite interest.
Nice post.
Keep steeming.

[hatu]

It's one of the fastest growing markets.

[karimuddinn]

Hopefully Asura World really supports this program

[hatu]

It has the right feature set to take on the challenges.

[karamyog]

I recently saw a video about esports, may be a couple of weeks ago. Before that i didn't know it had such a big audience.

1. I think its already quite big, 150 odd million enthusiasts and similar number of occassional viewers (source: statista). It is projected to become as big as golf. I think esports will continue to be behind actual sports though.
2. Esports betting is clearly an untapped market, given how big esports is and how big it is projected to get. The growth of betting may be really fast as esports becomes more and more professional. Mainstream needs to adopt it and most likely they will. Its too big an audience to ignore.
3. Not sure how much a game benefits because of betting. I think its the other way around. Betting companies benefit if a game sees an increase in its audience. So i don't think Asura will benefit the game significantly. It may benefit people who place bets, not just on esports but also other games. The potential for blockchain in the betting and gaming industry is huge.

[hatu]

eSports and golf--that's a very interesting comparison. And you are right, Asura can ride the popularity wave of eSports betting. Aligning with a growing market that is getting increased attention is always a good strategy.

[karamyog]

Yeah, i wanted to compare it to sports where stamina isn't key, may be golf of chess.

[hatu]

Ah ok, that makes sense

[naser-ab]

Asura World utilizes smart contracts to make sports betting a truly p2p interaction. Asura World is built on the NEO blockchain and this ensures the platform’s transactions are secure and transparent.

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[antonsteemit]

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