I will continue these little reviews as new Sports Betting Related Blockchain Project keep popping up. Few of them so far have shown to be usesul when it comes down to fitting the needs for more Professional Players. My approach is to have an extremely critical view on all these ICO's which reflects on how I generally write about them. When they prove me wrong over time I will be happy to change my personal view!
Proof Of Toss is the next one on the list and right off the bat it was hard for me to take this serious since the first thing you see on their website in huge letters is "EVERYBODY WINS". This is simply factually incorrect even if they would offer 2.1-2.1 odds!
I still roughly went through their Whitepaper to get a better view on what they try to do. One of the first things they mention is their token sale (not a good sign), followed by how online betting currently operates is fraudulent, takes forever to verify, how you have no control,... I have said many times before that these are all non factors when it comes down to online betting which has proven to be very reliable, fast and safe for many years for me.
The reason blockchain will be able to revolutionise this industry is because it should allow much lower margins and always welcome winning players in a fair transparant way!
Proof Of Toss will for as far as I understand sell their tokens on Ethereum and swap them over afterwards because they will be using RSK Smart Contract platform (never heard of it) which it seems to operate with SBTC ( also never heard of it) as a form of gas. Their TOSS tokens of which there wil be 1 billion will have to be used to place the bets.
What they aim to do
The ecosystem is aimed at offering new opportunities for both the P2P and bookmakers. All parties engaging with the ecosystem will be able to do one or more of the following - create wagers, bet on various outcomes and/or verify the outcome of an event. The system will allocate funds automatically and instantly through the use of smart contracts, eliminating third parties, fraudulent activities and significantly reducing transactional costs.
Oracles This has been the most interesting idea of their project to me. From what I understand everyone would be able to participate as an oracle and wager their own TOSS tokens on giving correct outcomes. When you make a mistake you can lose what you put on the line while you can earn something for putting in correct results.
Conclusion
List of Available Blockchain Sports Betting Projects
(* The ones I look to try out myself)
| Project | Type | Website |
|---|---|---|
| Wagerr * | Sports Betting | wagerr.com |
| Bookie * | Sports Betting Exchange | bookie.exchange |
| (^Peerplays) | (^Bookie Platform) | (^Peerplays) |
| Betterbetting * | Sports Betting Exchange | Betterbetting.org |
| Blitzpredict * | Betting Broker | blitzpredict.io |
| Sportcrypt | Smart Contract Betting | sportcrypt.com |
| Augur | Prediction Markets | augur.net |
| Gnosis | Prediction Markets | gnosis.pm |
| Stox | Prediction Markets | stox.com |
| decent.bet | Sports Betting - Casino | decent.bet |
| Fansunite | Sports Betting | fansunite.io |
| Proof of Toss | Sports Betting Platform | toss.pro |
| Marginless | Sports Betting Exchange | marginless.io |
| Graz | Sports Betting Exchange | graz-ico.com |
| Betrium | Sports Betting | betrium.co |
| Xwin Cryptobet | Sports Betting & Casino | xwin.io |
| Crypto Sportz | Smart Contract Betting | cryptosportz.com |
| Bethereum | Social Betting | bethereum.com |
| Gifcoin | ICO Book Profit Share | gifcoin.io |
| Hero | esports Betting | herocoin.io |
| Gimli | esports Betting | gimli.io |
| Unicoingold | esports Betting | unikoingold.com |
| Let.Bet | Betting, Poker & Casino | let.bet |
| Goal Bonanza | Correct Score Lottery | goalbonanza.com |
| Betmaster | Sports Betting | betmaster.io |
Previous Reviews
There are some more projects I have to take a look at to complete the list...