Topic: I got this idea about eSports and betting. Opinions? (Read 190 times)

Creating physical betting place might be quite challenging because of law against gambling in your country and other security issues. You need to provide same level of security as casino and also might have to acquire valid license for physical casino which is for sure quite costly and not easy to get.

Onehash allows players to bet against each other online and all bets are provably fair. They are already providing what you are trying to create...

Well it would be nice to know what team you are going to bet to because it would be hard to risk your money with something that you won't know. If you don't know what sport or team to bet on, you shouldn't bet at all because you could lose a lot of it.

I still don't see the benefit of making it local, it creates a lot of limitations and it will be very hard to make it popular. there currently are a lot of ways to connect to each other and play for example you can start a Dota2 tournament and even do live cast in game with commentators and anyone anywhere in the world who has Dota2 can start watching the game or join the tournament.
you can even stream it in video form in twitch website.

the cost will be a lot for a small operation. going the live casting on twitch and inside game if it has the option is a better choice in my opinion.

If you watch the tournaments that is happening around the world, there should be a booth were the payers are going to play, make it sound proof as much as possible in order for player not to hear any unnecessary that may lead to cheating.

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That is practically unprofessional, who in the world would play if you dont know who you competing with, every team or person must know who they are bracketing with, knowing all this a team or person can prepare or have a stable mindset during the game.

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I only bet on player or teams that i know, there are many online e-sport betting casino that are much more trusted, its hard to trust newly build casino but i still give you a benefit of a doubt.

maybe for the local people, he will give some invitation to come to that place and play the games, if that person wants. and if that place is connected with internet, I think many people or many gamblers will come to play and the numbers will increase and for the local people be still limited only. but if that place getting famous, I am sure that local people will come to see the place and maybe they will join and play the game.

and for the report of the games, maybe he can hire local broadcasting that will not need too many budgets and tell the results by online. I think it is fair enough to see the result without manipulation because the broadcasting handled by the third party. maybe this will need much budget to start but if he can make his show attractive and he always uses promotion especially on the internet, I think the revenue will cover up the cost.

It's like one of those online sponsored tournaments. I don't like the idea that the players will get their cut from the betting pool there should be some kind of prize pool then add a small cut from the betting pool. The problem that OP mentioned is where it gets tough what if those players that are favorites suddenly had a rough game or starts to lose frequently than they used to.

I'm interested to bet on these matches if the players/teams have some kind of experience from the competitive scene

I think the odds will depend on how much these gamblers would like to bet on each side.

I think before answering on your question you need to tell us what kind of games you wish to include in physical place you plan to create. That is the most important part, I think you can put all existing games and to add more exclusive games for your place and like that to attract all the people, and in same time to have some unique games.
- Why are people going to bet on people who they don't know?
That is most easier question, you need to make odds good for you based on how you rate players, new names always have lower odds, but of you think that new name will be good you need to create lower odds that suits you in case that new player win, with high odd you risking to lose a lot as a casino

It would really be an expensive thing if we do try out to see all the things to be considered on such event.It would really be not sufficient on the funds be accumulated to host such event. Numbers would really be just limited since physical place would really be just be good into those local person who do live near that place but since we are talking globally then it would really be hard. Non-sense suggestion for me.

Well, you're going to have a very small pool of gamers that would be willing to play at your event. Their travel costs would probably be greater than what they would win.
Why is there even a need to do this at a physical location? Isn't it far easier to host online tournaments and have people place their bets online?

You've also got to think about all the costs for you, it'll be very expensive to get a location and all the other equipment.

the biggest problem that you are creating is that you are making it way too local.
this is a global forum dedicated to bitcoin which is again a global currency. making the physical place means only some people who are in that "city" not even country will bother to attend. which means their numbers are always going to be limited.

and besides who will the coverage be? will you just tell us the results of the games and we have to take your word for it or will there be live broadcasting? do you think your business model will give you enough revenue to cover up the cost of it?

I totally agree with you. Thank you for the response. Indeed, fairness is a big obstacle. I was thinking about using the statistics to prevent that. For example: If one player has a lower than normal statistic throughout the game, the game is cancelled.

What things do you think are worth looking into?

This is a really good idea.

It's like horse racing, only with gaming.

The thing is there are tons of things you need to consider. It would be too easy for gamers to throw games and get their friends to bet on the other guy to make big money through cheating. This is just one obstacle. A project like this has a million different things to think about before doing it.

What are your thoughts about coming them over to a physical place?

Mostly amateurs that have good skills, that's why they're going to show off in online games first and go to the physical place later to play on LAN. The odds are going to be calculated with statistics from online matches. I guess there're going to be professional teams too if the payout is enough. If they can get 50-100$ a day each, it's not that bad for a gamer.


I understand what you're saying and those are tournaments. What I'm thinking about is doing a 24/7 place for gaming. Imagine 24/7 matches and tournaments. I agree, I'm still thinking about fairness.

What you are trying to create already exists and is called either ESWC , dreamhack , All stars or the challenges that in any comic con or gatherings alike and you are just trying to reinvent the wheel while doing this project , even the gambling idea about such people does already exists and lots of either bitcoin or fiat casinos has integrated such bets in their lists .
Such sports are highly penetrable by people that want to change the result of such games for their own profit though and any team that lacks sponsors or funding will be happily accepting a 100k dollars deal to loose a certain game over winning it and loosing the next one and getting out of the competition empty pocketed ..

What kind of gamers are you looking to get to play against each other? Actual professional gamers or amateurs?
It'll be pretty difficult to find people who would be willing to play in what's basically a casino, I don't think it's a good idea to try and get people to come over to a physical place and have gamblers make bets on those matches.

I really doubt that the quality of those games would be enough and how would you even calculate the odds, if you're not working with professional teams? Or will you pay pro's to come and play there?

I understand what you feel, great point. That's why there's going to be an online option to make bets

To be honest, it's even better to not have gamblers in the place. Too many emotions running around and you never know what can happen.

As long as many casinos or sport bookies offer me to bet on esports without the need to come to your place to bet on some strangers who are playing for their honor and glory against each other, I would rather bet from the comfort of my couch at my dark room where I feel cozy.

Still as an idea is a good one but I don't think it will interest to many gamblers. Gamblers prefer to play in full anonymity , what you are going to do is to destroy anonymity if you will gather gamblers at your place.

Hey. Thank you for passing by, your opinion is much much appreciated. You're amazing!

I'm planning on doing the following in Europe:

Create a physical place of 24/7 gathering for gamers and gamblers where gamers can challenge each other and gamblers can bet on them (gamers too, but only on themselves). We provide HIGH END PC's and monitors for gaming, the gamers come up with their own periphericals (probably only mouse). It will be all automated meaning there's no need for employees besides security.

The bets can be placed only with crypto's, our own token (to reduce fees and be able to pay inside our place for other products) and in-game virtual items. NEVER with FIAT.

There's going to be a possibility to create bets online too, because every game is going to be streamed and is going to have a webcam aswell. Besides that, there's going to be online challenges to bet on.

The questions arise:

- Why are people going to bet on people who they don't know?
We plan to make it available for gamers who passed the online "training", as you could call, to be able participate in physical places. This gives the gamblers statistics to rely on.

- What are the incentives for gamers?
One of them is the possibility to make them known in eSports, connect with people in real life, invitations to our (or sponsored) tournaments and earn money from the bets (they get a percentage from the pool).

- What about the cheats?
There shouldn't be any cheats in offline gatherings, but everything is possible if they use a mouse to inject a cheat through drivers. For online, there will be an anti-cheat developed and have a lot of monitoring.

- Isn't too competitive in the industry?
There's no competition in real life for such kind of things, only if the existing gambling places catch up, also, the industry is growing rapidly. In my opinion, having the amount of experience I got in eSports - there's a lot of growth if you have good vision in mind and consider other factors other than just playing. It's just much more than that. Besides that, there's a lot of room for professionalism, getting shit done and good websites.

- What's up with the legal side?
We're looking into this. There's a big controversy because of using crypto's. If there's any lawyer here, feel free to hit me up. I think that there's a workaround given the availability to use in-game virtual items for gambling.

- How are you going to get money?
On bets transaction fee's, other products and sponsors.


Problems:

- Fairness: How to make the game as fair as possible so there's little to no penetration? Make the players anonymous?
We could use stastistics to prevent throwing. If the player has lower than normal statistics throughout the game, the betting is cancelled.

I'd like to know your opinions. Thanks!

Would you be interested in something like this?