The possibility of earning with the use of bookmaker companies is gaining popularity. After all, in this case, every fan gets an opportunity to earn when watching your favorite game. However, the current bookmaker market is fraught with many shortcomings, including sameness (the ability to bet only on the outcome of a game), an obscure scheme of work (widespread fraud in this market), high commissions of bookmakers. Thus, an innovative platform that provides an honest and economical earning potential when watching a football match is needed to eliminate the shortcomings of the current situation. Decentralized BetOnChart platform offers a new blockchain-based ecosystem to improve the bookmaker market. After all, the bet on the result is a new concept of betting on football. Each game is broadcasted online. The betting process is similar to financial trading - a user only needs to bet on a specific event that should occur at a certain time. This is a dynamic and exciting process that can bring a significant profit to a fan. The creators of the project developed a better version of the game with traditional bets.
BetOnChart platform offers an unlimited list of events for financial bets. Traders have spent years to study the market and the psychology. The opportunity to bet on the outcome of football matches is available for a long time, and only BetOnChart offers betting on the events during a game. BetOnChart platform consolidates this opportunity with a wide range of financial instruments within the framework of the platform. The creators of the project chose football because it is one of the most popular sports. Broadcasts of football matches are held everywhere and allow fans to watch the game from anywhere in the world. The holding of the World Cup in football also contributed to the choice of this particular sport.
https://betonchart.com/
Key features of BetOnChart
The strategy of BetOnChart differs significantly from the existing strategies in the game market.
The platform offers a unified schedule of events without any restrictions, where each user will find an interesting game. A user does not need to think about the probability of winning a team as a whole - just choose one of the directions, bet on the outcome of an event and find out the result within a few minutes or even seconds. It is the easiest approach to the rates to date, allowing to organize an interesting match with an opportunity to earn.
The idea of launching such a project emerged in connection with the widespread distribution of both football in particular and the bookmaker market in general. For example, in the UK football has become a real national entertainment, and many countries consistently take over this trend. Thus, for such projects as BetOnChart, there is a great potential in the future.
The uniqueness of BetOnChart lies in the fact that it represents a new fresh set of bets in a game in the form of a simple game full of emotions, just like football itself. This opportunity is realized thanks to the achievements in the field of the development of artificial intelligence and blockchain technology. In its development BetOnChart mostly relies on technology. Undoubtedly, it will be very difficult to enter the market, and it is unlikely to compete with the budgets of big betting operators right away. But the creators of the project intend to develop business through patented technologies that are inaccessible to existing bookmakers.
In today's dynamic online version of BetOnChart, business technologies provide benefits to players compared to other projects, and these benefits quickly turn into profits. BetOnChart offers modern technology as the main driving force of today's betting and football industry.
Benefits of BetOnChart
It's quite easy to start working on the project - it's enough to register and pass the SCC check. Work on BetOnChart is carried out using a diagram. The movement of a graph indicates the advantage of a certain team in a game, as well as the probability of winning at the end. At the beginning of the match, a graph is constructed from zero, and this starting point can vary within a wide range of positive and negative values. The further the line fluctuates from 0, the closer one of the teams is to the victory.
The platform gets data from several sources (including data from journalists and commentators), who closely monitor the progress of the match using various surveillance devices. You can consider the process of possession of a ball as an example of how to develop a graph. If one team possesses a ball, the schedule will change slightly in their favor. Each event has its own weight and accordingly affects the graph.
The accuracy of data provision is high enough for a full analysis in detail. Everything that happens on the field affects the graph. The system detects even minor events that a viewer can skip noticing. Moreover, the platform is equipped with additional tools. This is the statistics of players' involvement, the level of possession with a ball for each player in particular and for a team in general, betting in the game from other bookmakers, etc.
Each individual event is processed individually by the program. For example, an individual player is evaluated in many ways, each of which plays an important role in the process of graph formation. If there is an exchange of a strong player for a weaker player or a player of the main team is injured, the overall probability of a team's success is reduced, which will immediately reflect on the graph. The same applies to a large number of random events, such as counter-attacks or the strategy of playing a team-rival. As a result, a sequence of probabilities is formed that makes the diagram unstable, and the result, accordingly, is unpredictable. When constructing a diagram for a short period of time, one always needs to keep in mind the randomness factor.
The resulting chart is very similar to the financial market in its chaotic nature.
https://betonchart.com/
The platform’s users are expected to be diverse. Everyone will have different characteristics of behavior and degree of success. The coefficients will be adjusted in accordance with the behavioral analysis of a user, the success of betting history and risk management.
The work on the project is possible in two modes. In a personal mode, each user can make a bet at any time. Each football match will have several restrictions on placing bets. This occurs in cases where the risks of BetOnChart are too high or the result is obvious.
Payouts to users are calculated in real time in all time frames, depending on the performance of the whole team and each player separately, which is a huge amount of data. Thus, BetOnChart uses its own technology to evaluate football. The financial calculation takes a set of user-selected parameters and compares them with certain values for each of them. Then the results are compared with the average values. If the amount is greater than the average, a user can enter a game, and if lower - a user does not gain the access.
The platform also offers its users the opportunity to conduct analysis to explore the market. In the saved data history, you can find and evaluate how a certain event affected the chart in similar circumstances, evaluate the performance of a chosen strategy based on past games, evaluate user behavior for similar circumstances, and evaluate a player's background with its characteristics and history.
Despite the apparent ease of operation of the platform and a game process, BetOnChart is based on the complex operation of rather complex artificial intelligence technologies. Due to the conducted experiments one of the most popular and effective mechanisms of in-depth analysis is a neural network that allows processing the whole series of events in one click, which is ideal for BetOnChart. But the creators of the platform do not stop there, and in the future plan to introduce other comprehensive algorithms for machine analysis for greater accuracy. Representing a football match in the form of a graph will be useful not only for players, but also for analysts, coaches and even for football researchers. This can become a reliable source of new football strategies.
The platform also makes it possible to work in a multi-user mode, which is the integration of users into teams. With this mode of operation, a game is divided into 5-minute sections, within which players will bet variable sizes. At the time of the expiration of a bet, the bank of a winning team will be divided among the winners. Algorithm distribution of the bank depends on the type of a game and provides for equal shares in the distribution of the prize. The creators of the platform strive to make the system balanced and fair for everyone. Multiuser mode implies liquidity risks.
BetOnChart uses the best software for comfortable and safe operation of its customers, namely:
The architecture of the service platform was developed with the ability to constantly update and add new features. In the future, in addition to football, the creators of the project plan to introduce the opportunity to work with American football, rugby, tennis, volleyball, ice hockey. The essence of the game will remain the same.
At the first stage BetOnChart will use Ethereum for all external operations with the token, namely deposits and withdrawal of funds. Next, the project developers plan to integrate very promising plasma technologies to monitor all rates and payments using blockchain. All events are registered in the blockchain, so they are open for public. Thus, BetOnChart will work honestly with a transparent betting system. Blockchain technology provides a safe and efficient platform to create a smart contract for a limited pool of betting before the game. Plasma technology will help to create external nodes that can process thousands of requests simultaneously, which means faster transactions, secure data storage in real time and reducing the cost of smart contracts.
BetOnChart cryptocurrency
BetOnChart launches the ICO to raise funds to create a global innovative licensed bookmaker, which will be one of the first in the world to use blockchain technology in gambling. For internal calculations, CHART tokens are used with the main function as the game currency. This will be a utility token, based on the ERC20 standard from Ethereum.
Each user will have two accounts - one for CHART tokens and one for fiat. Both accounts can be deposited separately with a credit card, bank transfer, Webmoney, etc. Any user can exchange CHART tokens for currency fiat within the specified limits and after KYC / AML checking. Prize can be obtained both in currencies and in tokens. A multi-currency betting model will only use CHART tokens, since it is a universal currency.
The business model of the project is based on a standard bookmaker model. Commission fee is 3-5%. Settlements are made through P2P payments, where BetOnChart acts as a liquid market player. Internal exchange will be available exclusively for small deals, while for large transactions in the development phase, BetOnChart users need to resort to third-party exchanges. The level of prices for cryptocurrency will be maintained by reducing supply and regularly burning tokens from the reserve fund.
The project’s softcap is 5,000 ETH, the hardcap - 50,000 ETH. You can purchase 1,000 tokens for 1 ETH at a rate of 0.001 ETH per 1 token. Now the project is at the pre-sale stage, which lasts until September 1. The main crowdsale is scheduled for the period from September 1 to October 1. A total number of 50 million CHARTs was issued.
Summary
Thus, BetOnChart platform is an innovative platform that allows making profitable bets on a football match, including specific events in the process of online broadcast of the game. Artificial intelligence allows transforming a football match into a diagram that is formed in a parallel game mode. BetOnChart platform allows betting not only on the outcome of a game, but also on all internal events that may occur during a game. For example, the number of goals in the half, the name of the forward, who will score, the number of direct attacks, the number of penalties assigned, etc.
The project has significant advantages over existing bookmakers. They include a dynamic game with the ability to enjoy it and simultaneously earn, instant results, transparent work without fraud from the bookmakers, etc.
Blockchain technology allows for transparent and fair work on the project, the ability to track rates without disclosing users' confidential information, work through smart contracts for economical work without intermediaries, use the advanced technologies of Raiden and Plasma to reduce transaction time and more efficient management of transactions on the network. Storing the history of bets is carried out in a single book, which is available to all users.
The project was launched in early 2017, and at the current moment, a demo version of the project has been released. The full functionality of the platform, including the availability of the mobile application, will be available in mid-2019.
Links:
Website: https://betonchart.com/
WhitePaper: https://betonchart.com/img/WP_Interactive.pdf
Telegram: https://t.me/betonchart
Facebook: https://www.facebook.com/webetonchart/
Twitter: http://twitter.com/betonchart
Medium: https://medium.com/betonchart
ANN: https://bitcointalk.org/index.php?topic=4258997
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.