"FIRST PEER TO PEER BETTING" - now, I do like the sound of that and it's not just the sexy phrase but more like what it stands for. I think, one too many times players like me worry that despite the 'provably fair' quote playing agains the house edge or a bot is not the same as playing against other humans, and so I think the benefit of peer-to-peer betting is providing players with more confidence in their bettings.
I really do hope this project gets uplifted because it's yet another 'whole' in gambling that needs to be filled.
To further fuel your idea, respond to other posts on this thread and clarify 100% what we, at Betroom, stand for, i will send you a paragraph from our website's knowledge base:
"Hey guys, My name is Catalin, i m the owner and developer of this web app. There are a few things i want to share with you such that people will understand better why i chose this route.
1. First off, there is only a 3% fee deducted when the players buy their tickets, therefore this is not a rake. It is a commission similar to concert ticket sellers/re-sellers or any other type of ticket selling business. And to be honest, 3% is 3 cents per dollar which is half what ticket resellers charge for selling tickets.
2. Another assumption that i want to tackle is that "Betroom is making money while players are losing money". Risk exists in anything we do, from eating our daily meals, going to work to brushing our teeth, therefore risk exists and it cannot be avoided. But it CAN be mitigated. Traditional casinos have no such interest because their bet is against the player, winning when the player loses, therefore making every possible move to increase their odds against the player. Aside from that, what are the odds a player has to predict an event correctly? The answer is simple, 100% divided by the number of possible outcomes. While a coin toss would yield a 50% chance of winning, a lottery game (6/49) would only give the player 1 chance out of 13,983,816 possible combinations to win the pot. It is fair to say that the casino wins EVERY time. Here BETROOM comes into play. I have designed all games such that players do not have to beat the odds to win the pot, they have to be better than the rest of the participants. Let s take Betroom's Stock Market Mania game. In the real stock market, losing money does not get you anywhere, except to being broke. Here, at Betroom, you can finish the trading session with less than the starting capital and still win the pot; you just have to lose less than the others to WIN the pot. This is the beauty of it, you don t have to be Nostradamus to make money, you just have to be better than your competition. Let s take another example, Betroom's Keno Frenzy game, the one who matches the most numbers takes the pot. The Rocket Crash game is no less better than the other games Betroom prides itself with; the winner is the player that jumps last off the rocket before it crashes. Betroom is NOT demanding its players to be foreseers, it demands them to be just better than their peers to win HUGE pots costing them less than 1$ per ticket. What game exists out there where people that have a losing score are being paid huge jackpots? NONE, i can tell you that!
3. There is a way that people can increase their chances of success - buying more tickets. The more tickets you buy, the more chances you have to win the pot. To keep things fair, each additional ticket purchased costs double than the previous one.
4. Betroom's games are fast paced, giving its players the opportunity to win large amounts of money in a matter of seconds, every 20 seconds on average.
5. Last but NOT least, EVERYONE at Betroom is considered equal to everyone else, everyone is Joe. Betroom IS impartial, Betroom does NOT favour anyone, Betroom does NOT have any odds of winning in any of its games and, most importantly, Betroom WANTS its players to win so that they become rich, independent, loyal and start trusting the concept, the work and dedication behind it. Betroom IS player-centric, finding itself at the opposing end of traditional casinos which are casino-centric.
Guys, i am really really really EXCITED to put this forth and i hope you can all see the BEAUTY of it the same as i did when i created it!
Yours truly, Joe."