Winning predictions were made out of different forms of data collection relative to the event. This mostly happens with the sports, and here the good thing is we play together as a pool and get our funds distributed according to the percentage we've contributed. These bets were completely fun, and in the past we've got few platforms to predict the price of bitcoin.
Though it is fun, nowadays the existence of different gambling sites have slowed down the interest over these kind of betting.
Topic: prediction betting platform pros and cons? - page 2. (Read 1717 times)
i cant think of pros but i can think of con that you havent listed . that is its boring to wait because predicting is not instant as the regular gambling .
this is why i never tried to bet on predicting sites but i love some events that they offer ( predicting the price of btc ) .
predicting game is never been a new thing but i remember that predicting game are already came first before crypto gambling got popular .
this is why i never tried to bet on predicting sites but i love some events that they offer ( predicting the price of btc ) .
predicting game is never been a new thing but i remember that predicting game are already came first before crypto gambling got popular .
I do not agree necessarily on this. You can actually do prediction betting (Is there any other kind of betting? Is anything not trying to predict a result and get money from it?) with regular phenomena such as "is it going to rain at point X in the next 5 minutes" just to put a silly example. Or is a white car going to pass through that street in the next 10 seconds? Perhaps these are not the best examples, but I am sure you understand what I am trying to say and that it could actually be fun.
predicting game is never been a new thing but i remember that predicting game are already came first before crypto gambling got popular .
Yes predicting site came before crypto gambling got popular and the reason is prediction has been known with sports betting especially football which looks to be like one of the oldest sports. It has been around before cryptocurrency and so many football bets rely on it for their games. However it is not that predictions sites are perfect in winning games.
which would really be enhanced if you do have those kind of behaviour too but its not really necessary for you to join up since yourself could make out the same analysis too specially if you are
really that knowledgeable on that certain sports and other ones too and this would vary on someones specialty and knowledge speaking of which.
predicting game is never been a new thing but i remember that predicting game are already came first before crypto gambling got popular .
Yes predicting site came before crypto gambling got popular and the reason is prediction has been known with sports betting especially football which looks to be like one of the oldest sports. It has been around before cryptocurrency and so many football bets rely on it for their games. However it is not that predictions sites are perfect in winning games.
I don't care about the Pros and Cons in any prediction Betting platform because i'm just looking into it as basis for my research .
They can predict anything they want but in the end i will still decide whom to choose.
So instead of seeking for who's the legit or not ,why not just look at their prediction instead because that will prove what kind of prediction maker are these Platform us.
They can predict anything they want but in the end i will still decide whom to choose.
So instead of seeking for who's the legit or not ,why not just look at their prediction instead because that will prove what kind of prediction maker are these Platform us.
The choice definitely belongs to you but these prediction betting platforms compile information based on the team's history and winning rate over the years in order to arrive at a decision. After such compilation, they based their betting percentage primarily on their research- so basically, these platforms already did their research for you and you just have to choose who has a higher winning percentage than the other.
In betting, the one with the higher percentage of winning is always the one favoured. While this may not be the absolute case as there are cases where the underdog wins, but if I were to bet based on such data, I would definitely choose the team which has the higher odds compared to the other.
I also wonder, aren't betting platforms adjusting their odds according to what people place anyway? I always thought that was the mechanism. Or is it all about the betting service provider to set the odds? When a lot of people out of a sudden bet on one team to turn out to be the winner, don't the odds go down such that it is worth to bet on the other and still make the house some money on the "spread"?
In crypto universe the main negative aspect is the lack of gamblers in such platforms betting among themselves, what means there isn't liquidity in p2p prediction bets. Crypto gambling still relies in third party platforms to hold users' funds and pay them accordingly, from the total casino's sum in case of winning. On the other hand, this negative point won't remain forever, because crypto gambling is becoming more popular each new day and at some point there will be enough gamblers to keep prediction betting platforms active with enough volume of bets to make it attractive, just like the fiat popular ones which are doing great right now.
P2P markets in gambling doesn't really have that much customers and that makes them eventually die or they're trying to do something to make their market better than the others.It's about the attraction that they're about to do. That's why some of the prediction platforms aren't really that popular because the volume isn't that much and if ever there are people that are interested on it, they're very few.
Maybe if a reputable casino adopts a feature about predictions and adds a separate betting prediction platform inside them, it will be catered by its existing customers.
It's really a balance of factors.
If you want the best odds and want to name your own odds, then prediction markets is definitely the way to go.
But if you don't necessarily care about odds but rather want to just place a quick bet, then I actually think that prediction markets are terrible for that purpose. You will find much quicker betting action in centralized betting services.
If you want to have some fun then without a doubt it is better to just take the best odds casinos are offering you, that way you do not have to worry about whether or not someone else is going to take your offer as it happens on those betting exchanges, however if you are a professional or at least you have the ambition to become one then you need to learn how to lay odds that are favorable to you, otherwise you may as well forget about your dreams of becoming a professional sport bettor. If you want the best odds and want to name your own odds, then prediction markets is definitely the way to go.
But if you don't necessarily care about odds but rather want to just place a quick bet, then I actually think that prediction markets are terrible for that purpose. You will find much quicker betting action in centralized betting services.
In crypto universe the main negative aspect is the lack of gamblers in such platforms betting among themselves, what means there isn't liquidity in p2p prediction bets. Crypto gambling still relies in third party platforms to hold users' funds and pay them accordingly, from the total casino's sum in case of winning. On the other hand, this negative point won't remain forever, because crypto gambling is becoming more popular each new day and at some point there will be enough gamblers to keep prediction betting platforms active with enough volume of bets to make it attractive, just like the fiat popular ones which are doing great right now.
there was an entire project dedicated to prediction betting (stox.com) but actually the coin has 0 or no interest at all.
it wasn't easy win (like capitalism people with high stakes win more) and just few cents were airdropped... definitely not a bargain offer.
I think that only "big players" could be profitable in such type of market...
it wasn't easy win (like capitalism people with high stakes win more) and just few cents were airdropped... definitely not a bargain offer.
I think that only "big players" could be profitable in such type of market...
~snip~
Pros,
1. No house edge instead service fee
2. Winnings does not come from the platform but from the bettors itself. Winnings will be coming from pools of bet from the opposing side minus the service ree from the platform.
^ I don't think if there is a gambling casino like this, it seems this means that your gambling casino is a third party that only holds the fund of the bettor. No house edge is total can be suspected a scam casino. Because how you will earn even a little for the maintenance of your gambling casino or a fund to be used just to improve your gambling review casino. I start thinking as of now why not this project makes an anonymous one. I would rather quit if there is untrusted someone who interacts with us. Pros,
1. No house edge instead service fee
2. Winnings does not come from the platform but from the bettors itself. Winnings will be coming from pools of bet from the opposing side minus the service ree from the platform.
It's really a balance of factors.
If you want the best odds and want to name your own odds, then prediction markets is definitely the way to go.
But if you don't necessarily care about odds but rather want to just place a quick bet, then I actually think that prediction markets are terrible for that purpose. You will find much quicker betting action in centralized betting services.
If you want the best odds and want to name your own odds, then prediction markets is definitely the way to go.
But if you don't necessarily care about odds but rather want to just place a quick bet, then I actually think that prediction markets are terrible for that purpose. You will find much quicker betting action in centralized betting services.
Maybe you can share what the platform is to visit and check it to see how the platform works. If that is about predicting how much bitcoin will be at the end of this year, I only trust Freebitco.in. They already have that betting from a long time ago. Besides that, Freebitco.in is one of the old gambling sites which many people know. I don't mind seeing my money will be held by them until the betting end because I can trust them.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
We can generate a profit in both gambling prediction and trading prediction and i do agree that it is much better to place a bet in gambling while supporting your bets with your inner guts and gambling predictions because it has a lot of areas and you can specifically focus on what areas you wanted to trust your bet on it. Both are beneficial but i bet both has their own level or risks but as a gambler i would rather choose to make a gambling prediction than make a trading prediction, its just it isn't my kind of thingy i guess.
I feel it is hard to make a gambling prediction because I am not a better person who can make a strategy or prediction. I feel better to predict the trading because if I am wrong in the prediction and already bought the coin, I can still profit. But if I am making a wrong prediction in gambling, I still lose the money. But I know that we have our decision to predict in gambling or trading, and we will do whatever that will make us comfortable.
I don't think any of these cons are that big of a deal to makes it a deal breaker for any gambler.
But I think sport or non-sport prediction betting platforms should also include some other games like Dice and Plinko with above decent functionality to keep you busy when there's no interesting match or event going on at the moment for you to place bet on, that way you don't have to just use another website for that purpose, so in a way it's beneficial to that gambling website too as it keeps users from switching to another platform just because of that.
But I think sport or non-sport prediction betting platforms should also include some other games like Dice and Plinko with above decent functionality to keep you busy when there's no interesting match or event going on at the moment for you to place bet on, that way you don't have to just use another website for that purpose, so in a way it's beneficial to that gambling website too as it keeps users from switching to another platform just because of that.
I think the gambler will decide to play on the betting platforms or the other gambling games. And if they found that they will have a chance to win in the betting platform, they will try it, and so do with the other gambling games. But that can be a good idea if that site can add more gambling games to attract more gamblers to play. Or maybe they want to be more specific to become betting platforms that only give a betting to something that happens in real life.
I saw your signature OP, i know about that platform you're advertising which seems to be one of the new projects trying to spread this new type of betting. Well, i don't like it at all because there's no hause edge, they rely on their own token's growth i think which is not guaranteed and not likely to happen. I must say that i'm not a fan of this new betting era, at all.
It's always nice betting against other players as opposed to the house. With other players you get more "real" odds with the players you're playing with, like multiplayer video games vs single player. It's also nice knowing that some players are going to win, instead of playing some type of satoshi dice style game where it's win or lose for you and the house. I would image the casinos or whatever you call them would prefer a service fee type of setup as opposed to an odds based payoff that can expose them to risk if a long odds winner were to emerge.
Plus, with prediction markets you can put up some really wild predictions, which can add fun to the equation.
Plus, with prediction markets you can put up some really wild predictions, which can add fun to the equation.
Cons
1. If betting platform is custodial meaning they had hold of your funds.
2. If betting platform has huge service fee.
3. If the prediction would not be good and does not interest the users.
1. If betting platform is custodial meaning they had hold of your funds.
2. If betting platform has huge service fee.
3. If the prediction would not be good and does not interest the users.
I don't think any of these cons are that big of a deal to makes it a deal breaker for any gambler.
But I think sport or non-sport prediction betting platforms should also include some other games like Dice and Plinko with above decent functionality to keep you busy when there's no interesting match or event going on at the moment for you to place bet on, that way you don't have to just use another website for that purpose, so in a way it's beneficial to that gambling website too as it keeps users from switching to another platform just because of that.
I don't care about the Pros and Cons in any prediction Betting platform because i'm just looking into it as basis for my research .
They can predict anything they want but in the end i will still decide whom to choose.
So instead of seeking for who's the legit or not ,why not just look at their prediction instead because that will prove what kind of prediction maker are these Platform us.
Pros and cons are needed as much as we need predictions, we should know how it will happen and how it will works with us knowing the website advantages and especially our disadvantages on it, I don't want to be shock one day, because I didn't know that it is the cons of that website so I rather know it now so I can decide if I will continue betting on that site or not. but this all depends on you, if you want the no one can please you. They can predict anything they want but in the end i will still decide whom to choose.
So instead of seeking for who's the legit or not ,why not just look at their prediction instead because that will prove what kind of prediction maker are these Platform us.
But this requires a lot of work for the people who run the site. They need to keep constantly analysing and posting the pros and cons. While any bad bet might results in people withdrawing from the site. The monthly subscription fee probably needs to be fairly high to cover all the cost. In my opinion it's hard to auch a website successfully for a long term.
I don't care about the Pros and Cons in any prediction Betting platform because i'm just looking into it as basis for my research .
They can predict anything they want but in the end i will still decide whom to choose.
So instead of seeking for who's the legit or not ,why not just look at their prediction instead because that will prove what kind of prediction maker are these Platform us.
Pros and cons are needed as much as we need predictions, we should know how it will happen and how it will works with us knowing the website advantages and especially our disadvantages on it, I don't want to be shock one day, because I didn't know that it is the cons of that website so I rather know it now so I can decide if I will continue betting on that site or not. but this all depends on you, if you want the no one can please you. They can predict anything they want but in the end i will still decide whom to choose.
So instead of seeking for who's the legit or not ,why not just look at their prediction instead because that will prove what kind of prediction maker are these Platform us.
Prediction platforms is way more sustainable when it comes to winning, knowledge about the sport or event that getting bets at is a must. It does need some analysis. Not just random betting then done.
May pros of such kind of gambling is you can speculate and make smart guesses through previous matches that's by far more enjoyable then clicking the roll button in casino games.
Before we predict on a team, we need to have information or other data, so we can know which team will have a chance to win, and that can help us to select the right team.May pros of such kind of gambling is you can speculate and make smart guesses through previous matches that's by far more enjoyable then clicking the roll button in casino games.
But sometimes, using random betting can give us winning, especially if we are lucky to select the team.
You need to analyze deeper if you follow other people's suggestions or tips because they will not always have the right prediction on the team.
Using the match's history can also give us more information about team performance, so we can get additional info that will useful to us to select the team.
Jump to: