I am a full time gambler. I alone will bring millions of $ in volume once the site is fully functional, People will be able to get a decent sized bet on here at % even better then betfair. The betting platform alone will work and the token paying 50% dividend in ETH to token holders will prove to be an incredible investment especially after cypto investors come to a more sensible understanding of other coins out there and that they have no underlying value and i am not even taking into account the other services Betrium will provide therefore this token will prove popular in the future driving the price up.
If your thinking why would big gamblers bet on a crypto betting platform? The awnser: i was premium charged $4600 for 1 week of gambling with Betfair last week. Bookmaker's pay extra tax also so they would support this aswell once they know about it. This will benefit both layer's & backer's.
This is happening to 1000's of gamblers in the world, and is a real current issue in the betting exchange . Betrium can kill Betfair's greed & i believe they have the vision and tech execution to be successful.
Wow, what a load of BS. First: Betfair never has and never will pay or charge anyone in USD so this $4600 is garbage that you refer to. Many other regulated exchanges exist that offer a huge reduction in commissions and still don't get anywhere close to betfair, why? Second point: Betfair offers a huge pool of liquidity of LOSERS. For a professional gambler to win money on Betfair he has to be able to make margin off the everyday user from the Betfair site. These guys, with their seventh-grade looking "demo" (that doesn't even demo anything remotely decentralised or blockchain it basically shows you a very crap centralised sportsbook ui) aren't going to be able to attract the every day user in volumes that Betfair can in order for the professional bettors to find it worth their while. Apparently Andrey Rybalchenko, Betrium's betting guru, has made $150k in arbitrage betting since 2013. That's not even anything to do with seeding a gambling market, he basically took advantage of inefficiencies in the betting lines and abused them. The knowledge to do this style of betting (unbelievable easy - the hard part is having accounts that don't get closed for arbitrage abuse) vs actually setting the lines on Betfair is the equivalent of Andrey being class President and then asking you to vote him as the President of Ukraine this year due to that experience. The whitepaper is sloppy, there are grammatical errors everywhere. I actually think the concept of being a portal for people setting up their own events (particularly e-sports, as they mention) is a half decent idea but if i was investing in this i'd say cut out the marketing crap, show me an actual demo of how i can set up on event, make a market and publish that? Technically its not actually that hard to produce this as an MVP on the blockchain - so why the crap sportsbook which has nothing to do with the main premise of this ICO? Probably because they don't have a clue about blockchain technology. The other question i would ask, is how will Betrium create nodes to verify the contracts that are decentralised from the initial event organiser to make the outcome impartial and transparent? You become the bookmaker vs the customer but you also need to verify the outcome of an event yourself and, for me, a bookmaker that controls a) the actual event im betting on and b) the resulting of that event says HUGE potential for corruption. This is a badly thought out and executed sportsbook blockchain idea and project. Another one off the Ukrainian scam ICO conveyor belt.