Better Fan

With time, betting has become a much more common practice since it can be applied to almost any event in the world. Furthermore, with the launch of the internet and the developments in technology resulted in betting to be extremely accessible, fast, and easy. Sports betting, on the other hand, helps the sports industry as a whole since it brings and connects more people into the industry and sports clubs. In contrast, sports clubs only get a small piece of this multi-billion dollar market, despite the fact that this market would not even exist without those clubs. Moreover, betting platforms push users into taking high risks and gamble as much as they can, therefore the platform can maximize its revenues by benefiting from gamblers’ weaknesses.<blockquote>Better is Here to Change the Industry</blockquote>As Better team, our main goal is to minimize the financial losses of betters while we give the deserved share of the betting industry to the sports world.No more DepositsThe current order in sports betting starts with users depositing money into the selected outcome of a single event or a combination of events, and according to the odds, which are determined by platforms, if the bet turns out to be successful, the user gets the multiple of the odds and the deposit they made. If the bet is unsuccessful, the staked amount of money counts as a loss.On the other hand, Better doesn’t require any deposits in order to make valid bets; eventually, it protects users from a direct financial loss. Instead of making deposits, Better offers daily betting options to their NFT (Fan card) holders. Consequently, in case that a user’s bet becomes unsuccessful, the only thing lost is the daily option to bet, which renews every 24 hours. While we eliminate the requirement of deposits, it transforms betting from gambling to a game.Fan CardsFan cards are not merely beautiful pieces of art, it also allows users to own a share of the whole ecosystem, which is absent in current web2 platforms. Fan cards are currently used solely for acquiring the daily betting limit, however, fan cards are for exclusive people and many more utilities are on the horizon for the holders. For instance, your fan card might be used as a ticket to a private event, or it may make you eligible for an airdrop.Fair ShareSports betting industry makes billions of dollars in revenue every year. With Better and its governance, this is no longer a conflict. In Better ecosystem, revenues that come from fees and taxes by various game activities are mostly collected in the treasury pool. Consequently, BFF holders will decide what to do with this collected funds annually.Legal ComplianceDespite the fact that we call ourselves a game, when betting is involved in the platform, things might be tricky on a legal basis in some countries. Vast majority of the countries put Better in the gray zone since Better does not require any money deposit or bidding on a bet. We have a team of law specialists in order to regulate and lead the platform according to different policies in different regions. This team avoids any legal concerns and we are and will acquire the necessary licenses.

Web 2 Sports Betting and Better Fan

BetterFan

Άλλα άρθρα που δημοσιεύτηκαν στις 2 Φεβ 2023

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