Sports Betting Blockchain Projects | July 2020 Report

in LeoFinance2 months ago

I try to stay up to date with all the latest news and developments from Blockchain Projects that offer Sports Betting making a report each month with my personal experience and insights on how this space is evolving all from a rather skeptical angle to keep it real.

Market Overview

Sports Betting with crypto and on Blockchain has already come a long way since the start of the previous Bull run, yet it doesn't seem ready yet by a long mile for the next cycle as there are still way too many difficulties that avoid actual adoption.

  • Sportbet.one is a great option if you want to bet without having to make an account or deposit straight from your EOS wallet. Similar to Wink.org, they don't provide a solution for lower margins compared to traditional existing bookmakers though.
  • All projects that run on Ethereum (Augur | Degens | Betterbetting | SportX | Fairlay | ...) are held back by the impossibly high GAS fees and it doesn't look like there will be a solution anytime soon.
  • Wagerr still requires the entire chain to be downloaded which takes forever and bettors need the highly speculative WGR coin to bet with which makes it even more of a hassle. If you are willing to do this, what they offer is quite solid actually.
  • Betscorum still by far is the best product around but the devs have made it impossible to have any kind of confidence it's ever going to get anywhere.
  • Promesing Projects like Bookiepro on Peerplays still have no product released whatsoever
  • Centralized Crypto sportsbooks like Nitrogensports and Sportsbet.io are great for those who rather bet in Crypto instead of Fiat

This all makes it so that any serious bettor who aims to make a profit is still best off using existing platforms like Sportmarket Pro which I have been using myself as betting broker for many years always being able to get the best possible odds on the market with good limits.


On to what has been happening in Blockchain Betting Related Projects last month...


Augur

I wrote 2 months ago in the May Report how Augur v2.0 was announced to be launched "Soon". After some more delays, it was finally released yesterday. (Read Augur v 2.0 Launched).

The price of REP 2 months ago was 12.81$ and it looks like one of those "buy-the-hype & sell-the-release" types of situations. The price ever since has gone up as high as 25$ and I did manage to get a profitable short term trade in on it selling it the moment it hit the big resistance zone vs BTC.

For as far as Augur v2.0 goes, from what I've seen there is a 20$+ Gas costs in order to create an account that pretty much makes it impossible for me to take this seriously. I will pretty much leave this project aside until the Specific Betting UI gets integrated and won't try it out until the initial transaction fees to get things going drastically comes down.


casineos.com

Casineos was brought to my attention last month which also offers some sports betting so I took a brief look at it. I can't say it in any way impressed me though as you need to register an account first in order to see the odds which by default makes it impossible for me to take a bookie seriously. Using 10minutemail.com, I quickly managed to get on. From what it looks like, the odds only show in American Format (No Decimal) and the offers are very limited with the odds being nothing special. I also honestly don't fully understand the blockchain / decentralized aspect of it since you need to make an account and deposit funds if you want to bet. I also have no clue what it has to do with EOS.

Right now there is simply no valid reason for me to use this platform. I will keep it on my radar though in case this is just a base product with many updates on the way.


Wink.org

Not all that much news form Wink.org who made their DICE token tradable on Poloniex and Trontrade now trading at 1.66TRX. There aslo was another monthly report (Link) as usual.


Sportbet.one

Not much news around SBET which went up nicely in price as Dividends increased because of the increase in sports again. They main metric I'm looking at now is if they increase their number of users who took at least 1 bet on their platform weekly (113 Last Week) as volume and dividends right now are way too dependant of a couple of whales.

I will continue to make weekly updates each monday on how the Dividends from both sportbet.one and Wink.org are holding up.


Wagerr

The really long syncing times on Wagerr after not having opened the app are really annoying and I have a hard time seeing it getting real adoption as long as this is mandatory. The net amount of WGR that has been Minted since the platform went live currently is at 7,546,461 WGR meaning players have managed to beat their odds putting some pressure on the token price. I do plan on using this platform once the Belgian League starts again since some of the odds they have on offer are the best on the market and I have some WGR in my wallet. (I honestly don't think I would go through the hassle in case I had no WGR). The platform itself aside from the syncing does work quite well without suffering from transaction fees and a total of 222k Dollar has been wagered on it last week in total.


Listed Projects (CoinMarketCap)


26/06/2020 --> 29/07/2020

Rank+/-ProjectTokenMCapPrice24h Vol
050(-6)AugurREP227M20.61$ (+28.7%)33M
161 (-15)GnosisGNO33.5M30.39$ (+14.85%)320k
192(-28)WinkWIN24.7M0.000079$ (+8.22%)1.5M
241(+13)Bitbook GamblingBXK49.6M0.1389$ (+33.33%)156k
588(-47)WagerrWGR5.7M0.0297$ (+12.83%)5.3k
781(+97)PeerplaysPPY2.6M0.578$ (+96.7%)218k
1161(+187)Decent.BetDBET580k0.003076$ (+144%%)665$
1190(-54)StoxSTX533k0.010387$ (+4.09%)340$
1329(+33)ScorumSCR335k0.011464$ (+133%)2.8k
1362(-58)BetterbettingBETR288k0.00101$ (+0.00%)211$
1442(-48)BlitzpredictXBP198k0.000502$ (+4.4%)0$
1474(+27)BethereumBETHER170k0.000301$ (+46.8%)0$

Listed Projects (EOS)

Rank+/-ProjectTokenMCapPrice24h Vol
027(-2)Sportbet.oneSBET2.1M0.005327$ (+91.89%)2.4k

Unlisted Projects

ProjectTokenTypeWebsite
DegensETHSmart Contract Bettingdegens.com
Sportx.betDAISmart Contract Bettingsportx.bet
FairlayBTCExchangeFairlay.com
Crypto SportzETHSmart Contract Bettingcryptosportz.com
MarginlessMRSBetting Exchangemarginless.io
ZensportsSPORTSP2P Bettingzensports.com
FansuniteFANSports Bettingfansunite.com"
MevuMVUSocial Bettingmevu.bet
GifcoinGIFICO Book Profit Sharegifcoin.io

Previous Monthly Reports On Blockchain Betting Projects

June 2020May 2020Apr 2020Mar 2020Feb 2020Jan 2020
Dec 2019Nov 2019Oct 2019Sep 2019Aug 2019July 2019
June 2019May 2019Apr 2019Mar 2019Feb 2019Jan 2019
Dec 2018Nov 2018Oct 2018Sep 2018Aug 2018July 2018
June 2018May 2018Mar 2018---

That's about it for this month. 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 !


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Interesting to see you posting again on betting @costanza. I know for the last little while you were posting on trading. Back to your "first love" then?

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Manually curated by the Man Cave community!

Posted Using LeoFinance

Well, The Belgian League will be back next week which has been my bread and butter for many years. I still haven't done any preparation given the circumstances. I always tend to use my blog firstly as a tool to educate myself and stay sharp in the analysis needed to beat the market no matter if it's betting or trading/crypto/....

As much as I still love betting, it's no longer the same as what it was many years back where I mostly crushed it on volume following all kinds of different leagues and handicappers grinding out a good ROI. Nowadays it's quality over quantity and I basically only betting the Belgian Soccer teams which I'm quite confident to have an edge on handicapping it myself. Honestly, trading crypto is probably a way easier way to make a living. I like to combine everything spreading the overall risks/ups-and-downs.

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