Hi, guys.
I am a manager of well-established online sportsbook. Currently we do not offer cryptocurrency betting but I am actively researching on creating a separate brand for such functionality. Unfortunately, I didn't have a betting experience on DirectBet. I offered the acquisition of DirectBet to its holder but he (or she) declined this offer. Actually we have all facilities to provide great betting experience except of cryptocurrency transaction flow. So I just wanted to ask some question to recognize if it's profitable and possible to fast implement this missing part:
Again, sorry guys, for my weak knowing of cryptocurrencies, I used to operate with real money, but now is actively investigating cryptocurrency possibilities in gambling area.
1. What is the main advantage of DirectBet which is now
not presented by competitors?
- is it no-registration betting? -
Yes. Placed Bet-Deposit-If won, automatically will received the winnings- is it good odds/line for golf (just seen in forum such opinion)? -
Fair one. Close to the usual given odds.- is it good odds/line for cricket (just seen in forum such opinion)? -
Same above- is it zero-confirmation transaction bet approve? -
Yes.2. (I am not good in cryptocurrencies so it might be a noobie question). Some users assume that DB closed because of high transaction fees. Is it really high? How much high according to average bet value (say, 500-100$ BTC equivalent) in percents?
Transaction fees are playing around $5-$10 depends on the inputs because of the current bitcoin network congestion. Just imagine how many bettors playing in Directbet.3. What is the problem of double spending in betting?
- Why can't it be solved with just waiting for 1 or more confirmation (is it because of fast in-play)?
- If it's impossible (from the user experience perspective) to wait a confirmation isn't it easy to make a clearing a bit later and just reject fraudulent bets?
It's a rare case indeed. Not a big deal somehow.