I try to keep myself up to date when it comes down to Sports Betting Blockchain Projects and make a monthly report on some of the things that have been happening. This is what happened in January 2020...
Looking back at the first report I made back in April 2018, things have moved forward a lot for many of the projects while new ones were introduced, yet prices trade way lower. There is still a lot of work to make everything more userfriendly but looking at the actual weekly betting volumes on some of the projects it pretty much shows the potential. Wagerr, Degens & sportbet.one all have over 100k $ weekly betting action going on currently despite the limited number of users. With the Superbowl this weekend I would not be surprised to see some new records being set!
First off great news on Wagerr as they added the Belgian Jupiler League. The odds seem to be automatically adjusting to the existing Asian betting markets but it's still at times possible to get odds on par or better to what is available elsewhere. Being able to get solid odds is one of the main things I'm personally looking for when it comes down to using crypto betting platforms which now puts Wagerr back on my radar as most my betting action comes from the Belgian Jupiler League.
They also continue to provide great info on Twitter (@wagerrx) mostly about betting volumes and token mint/burn. It's nice to see how they are on track to crush their overall betting volumes during the 2nd year of their decentralized bookie. The question remains in how far tokens will be burned or minted based on how players do in their betting. So far a whopping 4 Million Extra WGR had to be minted to close the gap between winners and losers (see explorer). I mentioned last time that their IOS app did not allow for betting which apparently is due to apple policies. They came out with the wagerr pro app for ios last month which has to be downloaded from safari. (Check instructions). I just tried it out but couldn't get it to work.
It has been very quiet around Betterbetting while their betr.bet platform remains online and working providing some really good odds at times. I have used them myself during the NFL season (See Latest Bet) as they allow Betting in EOS directly from your own wallet while they are covering the ETH Gas costs. Looking at the betrbetrbetr account used to process the bets on bloks.io, it can be seen that aside from me they have 1 more user who takes 0.1 EOS type stakes. They will certainly need to find a solution for the gas cost if the platform wants to scale over time. While the project has seen little to no progress for a while and feels kind of death which reflects in the 81k marketcap. The fact that it has a working product I actually enjoy to use makes me want to believe that BETR is potentially highly undervalued. I will continue to follow this one closely, this was the latest update from their CEO on Telegram.
There has been an update from the team in January (See Post). The way I'm reading into it, the Scorum blogging platform is alive and they will continue to support that implementing adds. Part of the revenue from those will be used to buy back SCR from the market to keep the reward pool going. For as far as betscorum goes, it's clear that the devs don't really care all that much for it and there don't seem to be any plans to add new sports, provide liquidity and grow its userbase. It's a real shame and I keep repeating that as a product, betscorum is far better compared to the other projects out there. I'm honestly surprised that the SCR price is holding up as I see little to no reason at this moment for anyone to buy into it. Only if you have way too much time on your hands and enjoy writing about Sports it might be worth getting some SCR, but even then it's probably better to just freeroll it as most do.
Sportbet.one continues to move forward month after month. I do like the aspect where it's possible to have a stake in the bookie getting weekly dividends more compared to actually using them to take bets even though the platform itself is good. It is in most cases possible to get better odds elsewhere which makes it really hard to beat long term. Most gamblers don't care so much about odds so I'm glad to be invested cashing in the weekly dividends at the moment. (Check my article on how to "Earn Passive Income Staking SBET" to learn more.
I continue to track the progress week by week and the price along with the dividends seems to have stabilized. They also announced that they will be adding social media logins that generate an EOS account on the first deposit which should help make things way less complicated for the average user who wants to bet without having to deal with country regulation or personal limits. The number of accounts that took at least 1 bet last week was 134 with most volume coming from the top guys which makes it quite vulnerable still as one of them o longer betting can cause a big drop. It will be interesting to see if they can acquire more bettors in the month of February.
I mentioned Wink.org for the first time last month as a project on the TRON blockchain I overlooked. I also noticed now that the WIN token is listed on coinmarketcap and actually ranks pretty high around place 145 with a 20 million valuation. I added it to the table and will be tracking the price from now on.
I actually took the time yesterday to check it out. Since I'm already used to Steem and EOS, it was not that hard to make an account and understand the basics of the TRON blockchain. It was also quite easy to get some TRX on there since I'm a daily Splinterlands player which earns me a fair amount of DEC each day. Since this is also traded on TRON it was easy to send some over and swap it around. For new people, it likely will stay a couple of bridges too far for them to actually use platforms like this. They do seem to have more users compared to the other platforms as all forms of gambling are offered. I was surprised to see some poker tables being active aswell.
For as far as sports betting goes, I can be quite clear on that. The margins they take are so high making them have the worst odds on the market and I likely never will place a single bet there. a quick odds comparison for a match in Belgium Tonight...
West Ham vs Liverpool 1 - x - 2
Wink ----------------> 8.400 - 5.400 - 1.330
Sportbet.one -------> 9.110 - 5.820 - 1.270
Wagerr -------------> 8.620 - 5.760 - 1.350
Betr.bet ------------> 9.090 - 5.808 - 1.341
Sportmarket Pro ---> 9.694 - 5.800 - 1.350
Sports Betting Blockchain | December 2019 News & Price Movements
Sports Betting Blockchain | October 2019 News & Price Movements
Sports Betting Blockchain | September 2019 News & Price Movements
Sports Betting Blockchain | August 2019 News & Price Movements
Sports Betting Blockchain | July 2019 News & Price Movements
Sports Betting Blockchain | June 2019 News & Price Movements
Sports Betting Blockchain | May 2019 News & Price Movements
Sports Betting Blockchain | April 2019 News & Price Movements
Sports Betting Blockchain | March 2019 News & Price Movements
Sports Betting Blockchain | February 2019 News & Price Movements
Sports Betting Blockchain | January 2019 News & Price Movements
Sports Betting Blockchain | December 2018 News & Price Movements
Sports Betting Blockchain | November 2018 News & Price Movements
Sports Betting Blockchain | October 2018 News & Price Movements
Sports Betting Blockchain | September 2018 News & Price Movements
Sports Betting Blockchain | August 2018 News & Price Movements
Sports Betting Blockchain | June 2018 News & Price Movements
Sports Betting Blockchain | May 2018 News & Price Movements
Sports Betting Blockchain | April 2018 News & Price Movements
Let me know if there is anything major I missed last month or if there are some more promising projects I have yet to take a look at. Thanks!