Taking the Safe Bet: How Powerbet Intends to Fuse the Blockchain and Sports Wagering Markets
PowerBet is revolutionizing the online sports betting industry through the power of the blockchain, offering full transparency and security for novice and experienced bettors on football, tennis, basketball, soccer, and many more sports.
There have been many innovations to the world of sports betting in previous years. The introduction of online betting and gambling certainly turned the industry on its head. Being able to access betting platforms from anywhere in the world, at any time of the day, completely lifted the barriers on companies who had either been restricted to small-time “bookies” (gambling shops) or casinos and other large licensed gambling establishments.
Growth in the industry represents an increasing value placed by the consumer on his/her knowledge. Why would one place a large bet on a simple roll of the dice? Why take a large unnecessary risk, when some of that risk can be offset by preformed knowledge on the result of the bet? This has been one of the largest factors in the rise-to-power of the sports betting platforms.
When we imagine the power of the blockchain in confirming transactions in absolution, we can apply the model easily to the sports betting platform. Any bets which are placed can be settled with absolute certainty and in short amounts of time, by checking the publicly-available Blockchain. Advantages to consumers might include anonymity, and ease-of-access and sign-up. One confirmation on the blockchain network is required for deposits, and withdrawals are processed instantly, which is great news for players.
More recently, the growing trend of disruptive blockchain-based technologies has found its way into almost every single market. From travel, to social events, ticketing, and even gaming, the benefits of the blockchain are seen almost everywhere. But the one market where many firms have adopted blockchain technology is the sports betting market. The synergetic benefits of the blockchain are amazing when streamlining such a big data-orientated platform. And in terms of payments, in this industry it is paramount to success to be transparent. But there are many firms who have already muscled in. And cutting through the noise is the aim of the game…
This is where PowerBet comes in. Powered by the blockchain, PowerBet aims to revolutionize the betting industry. With a juicy 100% first-deposit-bonus to work with, users can gain up to 100mBTC (0.1BTC) as a bonus for their first bets. PowerBet also offers a 50% parlay bonus, which will offer players 50% extra winnings for all the parlay bets with a minimum of four selections. This percentage is increased based on the number of selections made on the parlay bet.
PowerBet will also implement a Money Back scheme on UEFA Europa and Champions League games, and tennis & basketball games. With this promotion, the sportsbook will return the entire stake in case the selected team manages to score first, yet loses the game by the end of regular time.
Finally there will be the Weekly Double Winnings, whereby winnings are doubled on 4-5 hot duels from the top EU championships or major international competitions. Winnings are applicable if the selected team wins the match after the opposite team scores the first goal.
If you are interested, find out more below:
Visit the PowerBet Website: http://PowerBet.io
Images courtesy of PowerBet.