Sportbet.one: How a Decentralized Sportsbook is Changing the Game of Sports Betting

 

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Let me introduce you to Sportbet.one a real hybrid gambling dapp. With hybrid I do mean that you can choose for the regular centralized way of betting (traditional betting) or experience the decentralized way of betting . It does run on the EOS blockchain, which is fast and cheap to use. Regardless of which option you take, there is NO KYC requirement! So, you can gamble anonymously. It does operate within the complete world, so no VPN is needed. Even not in the United States. Besides this, of course, blockchain gambling is their main selling point and their biggest pro!

While their main focus is on sports betting, they also do have a casino part on their site. No own developed games but games from well-known and trusted providers like: BGaming, Evolution, Ezugi, Mascot Gaming, OneTouch, Platipus, SmartSoft, Tomhorn, and Triple Cherry.

Signing Up

Creating an account is pretty simple. But the first thing you need to decide is what road you will take. Do want the regular centralized version, where you do deposit funds in your account and play from there, or do you take the decentralized road, where no deposit is needed and you just can place your bets via a EOS wallet. Regardless of the road you take, no KYC is needed. No hassle with document, copies of passports or whatever.

When you take the decentralized option, you will miss out on a deposit bonus, but there is no need to deposit any funds. Which is of course a much safer way.
When you take the centralized option, they do offer a 125% deposit bonus up to $1000!!!! They will create an EOS account for you, but of course you don’t have the keys to this.

So regardless of the option you do choose, you can bet with EOS, mBTC, ETH, USDT, Litecoin or Sbet.

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You can just link your facebook, google or twitter account and off you go. Or you can create an account with the combination of email address and password. This is of course much more anonymous than via a social media account.

Sports and markets!

Like I wrote above their main focus is sports betting. And in this case, it is important to see which sports and betting markets they do offer!

Compared to most online bookmakers, sportbet.one has less betting markets and sports available, but this isn't a bad case. On the other hand they do have the ever lasting growing e-sports markets.

The following sports are available to bet on at the moment:

  • Football (Soccer)
  • Basketball
  • Tennis
  • Baseball
  • American Football
  • Hockey
  • E-sports
  • Boxing
  • Volleyball
  • Ping Pong
  • Rugby
  • Cricket
  • Australian Football

Lesser sports, but also lesser markets per sport. Enough to satisfy 95% of the punters out there.
There are bookmakers, where I can't even find the market I am willing to bet on due to the immense offering of markets. That's no problem here. This is a great example how a disadvantage could be a huge advantage for most interest punters.

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For me personal, Golf is maybe the only sport I am missing on the list but the most important thing is that a player can play every day of the year.
What I also like, is that they don’t offer to many betting types for the sports. But the betting types most players do use. They do have a lot of adjustable Asian handicap options.

The betting limits will be high enough for 95% of all betters. I don’t know a lot of people who would risk $2500 one a game or 0,099074 BTC on one bet!

The website is very simplistic and slick, which is not necessarily bad. It is well organized and easy to find your way around. Within a few clicks, you will probably have the game you do want to bet on. I do prefer this above a fancy website where it is hard to find your way around, takes a dozen of click before you do find the game your are interested in and takes ages to load, due to the big amount of bets. No, here it is simple, straightforward as fast as lighting.

Leaderboard

We all like competition and for sure sports bettors do. So they listened to the community and do have a weekly leaderboard involving, of course and what else, sports betting.

Top 10 of the leaderboard are paid. Don't get your hopes up, because it will be only for the few of us. And for sure not for me.
Last week number 10 did wager around $8K.

The leaderboard is one of the more permanent bonuses, acting as a loyalty program for dedicated punters. Essentially, every bet placed on the platform will contribute 0.5% to the leaderboard, which has a guaranteed prize pool. At the end of each week, the most successful players will be rewarded with a special prize. The position of individual punters is updated in real-time, with the volume of the leaderboard displayed in EOS.

Dividends!!!!

Yes the big word is out. Sportbet.one does offer dividends to their shareholders. Paid out once a week. Each Monday before 10 am UTC.
The platform’s token is SBET. 3% of every settled bet goes to the dividend pool, and staked SBET tokens take part in the dividend distribution. To get dividends, you need to buy and stake SBET tokens. You don’t need to bet or gamble.

SBET is tradable on Coinstore.com There is a hug liquidity, so buying or selling a lot, could have a huge impact on the value. The development team recently released 100M SBET, which is used as liquidity on their exchange.

Currently there aren't a lot of punter using Sportbet.one. But it looks like their user base is growing, which is good for the dividends of course. The more users, the higher the divs will be. There are now in operation for over 4 years and there is still a lot of potential. Their real anonymous and transparent betting is a real winner and more punter should and will find their way to sportbet.one. No doubt about it.

But investing is always a risk. Regardless how big or small a gambling dapp is. On the positive side, the value SBET did really well during the bear market, but will also not raise to the sky during a next bull market. The only way the value can increase by having more customers.

You can find the top 500 SBET holder here: https://www.bloks.io/tokens/SBET-eos-sportbetsbet
As you can see the majority of the share are still in hands of the development team. So if they are willing they can cash some out and put this into development.

I am trying out their dividends and did purchase a little bit more than 200K sbet. Will let you know how this evolves! The plan is in first instance to keep on buying up to 500K and see from there.

Aren't there any cons?

Of course there are.
The biggest one probably is that they don't own a gambling license. But the transparency via the EOS blockchain does cover this for a little bit. Also the fact that they are worldwide available. You could even see it a little bit as sports betting via the dark web :).

Secondly the user base could be considered way to small. This is always the lifeline of a sportsbook. Since recently they are trying to promote it and had a no deposit bonus just before Christmas. I do expect more of these promotions in the near future.

Conclusion

With the max bets, their simple layout, decentralized solution and their NO KYC policy they could have a bright future! For amateur punter to average in stakes, this could be a great addition to the sportsbooks a punter does use!
Also for beginning punters their website design and limited betting types could be a gift. They won't drown into unwanted and difficult to understand bets!
But like always do you own research before joining and gamble responsible!

When joining feel free to use my referral link:
https://sbetp.com/d64bae6d9

Cheers,
Peter

Crypto Portfolio update: week 7 2019

We are already at week 7 in 2019. Had to correct the title because sometimes I still think that we are in 2018. We all hope that 2019 will be a better crypto year than 2019 was.
So let's see how we are doing.

Winners and losers

First let's have a look how the coins in my portfolio did in the past 7 days and maybe more important since January the first!

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Last Thursday most coins had a revival but if we look at the increase/decrease since Jan the first, only 8 coins are up and 9 are down.
In the past 7 days, only 5 were down and all the rest was up.
The biggest increase was for scorum coins, EOS and COSS. All do have a very different business case.
Although Steem did well last Thursday, it still had a decrease of 2,4! Don't forget that we are still 18% up compared with the beginning of the year!

Portfolio share

Last week the top 3 was:
  • BTC 25,31%
  • Steem 24,9%
  • NEO 12,33%
  • This is the new pie chart!

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    This week top 3 is:
    • BTC 25,69% (+0.38%)
    • STEEM 22,97% (- 1.93%)
    • NEO 13,08% (+0.75%)
    I really would like to see Steem taking the biggest market share, but I do guess we will have to wait until March for that when the new Steem earned will be added!

    Overal

    Overal the portfolio was up a little bit. An increase of 400 Euro. Not to bad. Would like to have more weeks like these.

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    I all will depend on the course of Bitcoin. Because all other coins still will be following the godfather of the crypto world.
    Curious what next week will bring. The more we do think about it, the more we understand that it is extremely hard to make a crypto project mainstream.
    Cheers,
    Peter

    Fiat betting report: January 2019

    January is a few days behind us now, so it is time to write my betting report for the month of January 2019.
    December 2019 did end with a small profit and I was really keen to add another green month to it! The betting report consists of 2 parts. The published bets for the SBC league and the non published ones.

    Overall

    Well the first conclusion is that a lot of time was spend on Scorumbet, this of course had a result that I did have less time tp spend on fiat betting!
    I did place 28 bets in the month of January. 19 bets were published, 9 were not published! This is 10 bets less than in December 2019.
    Only 8 bets were won, which is a hit rate of only 28,57% and 5% less than last month.
    But the most important thing the ROI was positive with 26,51%.



    The bets are always published on Steem. A crypto blogging platform!

    As you can see a profit was made both on the published and non published bets. But the live bets more or less saved the day.


    Here is the complete overview!


    7 days were losing ones in contrast to only 5 winning days. On the best day I did made a profit of 10,75 euro, on the worst day I made a loss of 4 euro.

    It is all about the odds!

    Well maybe it is interesting to have a look at the odds played in the past month!

    Lot's of bets were parlays, which explain the high amount of bets on the higher odds.


    The most profit was made in the odds range between 2 and 2.2 And that from only 3 bets. This is were live betting comes in handy if the favorite is getting behind early in the game.
    It also shows that it is hard to make a profit in the range of odds below 1.7!
    This is an interesting exercise which every serious sports bettor should be doing for itself. Know where your leaks are and try to solve them!

    Now I have some benchmarks to compare with next month. The sample size of bets is of course still to low to make any conclusions! But the year has started with a profit, which is great! Let's see if I continue this in February!

    Cheers,
    Peter

    Scorumbet: January report

    January was the first month that I took sport betting on ScorumBet seriously.
     
    And I am glad that I did. Overall it was a good month, but it could have been better!
     
    

    As you can see, I did place 112 bets. The Hit rate was with 48.21% lower then expected but still I managed to get a very decent ROI of 7.62%.
    In total 5495 SCR was wagered, in Euros this is around 241. The total profit was 415.72 SCR,  18.29 euros. But if and when the value of SCR will increase I will be glad with this 18,29 euros because it could be worth at least 415 euros.
    The value of SCR is still way too low, but there are, like the complete crypto market, suffering of the ongoing bear market!

    Betting types

    My own spreadsheet also allows me to show my bets per betting type!



    Only one loosing betting type, which is the Double Chance. Strange that this one is a loosing one, for sure with the hit rate of 53%. This means that I did loose a rather big bet!
    Most bets were regular single 1X2 bets. Scorumbet doesn't have the possibility to create parlays, which has to do with the fact that it is a betting exchange and no regular bookie!
    But the most profit did come from the Over/Under bets. The hit rate of 54% and the average odds of 2.064 are just the way I like it!

    Competitions


    For the moment only football (soccer) bets are offered on Scorumbet, but they did promise to add more sports soon! Personally I don't have any problems with only football related bets, but if Scorumbet wants to grow, adding more sports is crucial!

    Funny that I had to take the biggest loss on my domestic competition! Most money was bet on the Premier League and most profit also does come from the premier league.


    Odds

    It is all about the odds. The odds decide if you will make a profit or not!



    The bets on the odds below 1.5 were all double chance odds.
    The biggest loss was taken in the range of 2.6 and 2.8. 4 bets and all 4 lost!
    The best ranges were the ones between 2 and 2.2 and 2.4 and 2.6.
    Also do like the 2 bets in the range between 4 and 5. Which I would have put more SCR on those!

    Conclusion

    The start was a great one! Now it is important to keep it going. It will be hard to have back to back green months, but I will try.
    Also now I do have my benchmarks. Which will make my next report better and will also give some more insight!

    If you also want to try out Betscorum, just clikc the link in the right side banner. On Betscorum you can find lots of possibilities for arb betting! Don't miss out on these chances!

    Cheers,
    Fullcoverbetting

    Jupiler Pro League predictions: round 24 & a full cover bet experiment





    Last week Genk lost surprisingly at home again Mouscron. Mhh, didn’t see this coming nor the models did predict it. Antwerp and Standard shared the points and Club Brugge, Gent and Anderlecht won. The lead of Genk has been decreased to only 7 points. While this does look much, it actually is much less. When the Play off starts, the points will be halved. So a lead of 7 points is converted into a lead of 4 points.
    At the bottom all seems lost for Lokeren. Only a miracle can save them but I don’t see this happening.

    Round 24

    Here at the models predictions for round 24!
     

    Full cover bet experiment

    Well it is time to honor my name and to use the strengths of the Nyls in full force.
    A full cover bet is a bet where you do bet on all possible combination of the betting slip. Depending on the number of bets on the betting slip the full cover bet has a special nickname.

    In general no single bets are placed. When the singles are added to the betting slip a Yankee (four games) for instance in turned into a Lucky 15, the Canadian (fivegames) is named a Lucky 31 and so on. As you can see the number of possible combination are added to the Lucky.

    A Goliath (8 games) consist of 247 bets with no singles. If we would add the single it would consist of 255 bets. But I am not that crazy nor wealthy!

    I have analyzing the predictions of the Nyls (Jupiler Pro League Prediction model) and its results. 2 market prediction are good enough to be considered to be used as input for a full cover bet!
    Both are from the model based on the results of the last 3 seasons! These are the Both Teams To Score and the Over/Under 2.5 goals markets. Both also based on the % possibility.
    So I was searching for a combination of bets, which could deliver a profit on one side with a minimal possibility to go bankrupt!

    I have been analyzing the results to see, how much times a weekly prediction does have more than 5 predictions correct. I also did the same thing for 6 or more correct.
    If I would play all sixfolds within a Goliath, this would mean 28 bets, if I would play all the fivefolds this would result in 56 bets. So the double amount of bets.

    After putting everything together I did notice that if I would have played all the fivefold bets for the complete season with the Over/Under 2.5 % I would have made a profit! Not a big one, but a profit.
    7 times out of 23 it did predict 5 games correctly, 4 times it did predict 6 games correctly and 2 teams even 7 games.

    So in the previous 23 rounds, 13 round would have resulted in a payout. In most cases the pay-out for 5 games correct have resulted in a loss, the 6 games do deliver a profit and 7 correct grants you a small jackpot!
    8 games correct would be like finding the pot with gold at a rainbow!

     

    So, I decided to take a risk and will play for the remaining 7 round of the Belgian Jupiler Pro League, all possible fivefold bets on the Jupiler Pro League based on the Over/Under 2.5 goals. On each possible combination I will put 0.15 units. If you are interested a unit for me is €1.

    So in total 8.4 units are at risk every of the next 7 rounds. In total this will be 58.8 units! To be honest I do expect a negative ROI between -5% and -15% but what is life without taking risks?

    Too bad I can’t play this on Betscorum, because Parlays can’t be created on a betting exchange! The bookmaker which will be used will not be named but the ones who do bet often, will probably recognized the betting slip!

    For round 24 this will result in the following betting slip!



    Good luck with betting!

    Cheers,
    Peter