prediction betting platform pros and cons? - page 7.

jademaxsuy

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Quote from: ethereumhunter on December 21, 2020, 03:23:34 AM

Exactly. It needs time to gain trust from the gamblers to gamble on that site, and that site needs to work hard to serves the gamblers who come to their site. If that site can make their members satisfied, I am sure they will get reputations among the gamblers, and maybe they can compete with freebitco.in.

But I think every gambling site will have their advantage and disadvantage, which we can not compare, and that is the unique thing they have.

Gaining trust takes time so I guess this is why I had shared this gambling activity to know about the status of the prediction betting game. In my case, I do love the concept of the game and that when I bet the only thing I wanted is that to know the results a day after or 2 days might be good. Yet, the platform cannot decide to push the result and this is one of the problem that I had seen so far in the platform. In regards to the interface, it is good and there are variety of activity to predict with.

ethereumhunter

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Quote from: shoreno on December 21, 2020, 01:32:56 AM

same and many users are doubting on them too maybe because they are new and they offer unusual events to bet on but freebit is an old site although freebit foccuses on their faucet and hi lo game because this is where they started .

there are better predicting site and freebit cant be compared on them but in terms of the number of players , freebitco has tons of sign ups and it grows every second . you can see that in the signup/login page .

Exactly. It needs time to gain trust from the gamblers to gamble on that site, and that site needs to work hard to serves the gamblers who come to their site. If that site can make their members satisfied, I am sure they will get reputations among the gamblers, and maybe they can compete with freebitco.in.

But I think every gambling site will have their advantage and disadvantage, which we can not compare, and that is the unique thing they have.

sunsilk

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Quote from: Lordhermes on December 20, 2020, 10:30:10 AM

Quote from: sunsilk on December 20, 2020, 02:35:10 AM

It's like the bitcoin options that you mostly see popping ads on Google and YouTube videos. My take on it is that it's just like the casual guessing of the price for which it enhances your predicting skills because if you're serious with it, you'll use analysis and study on the market that you're about to predict.

That's is your own aspects of predictions that's more preferable to you, there are numerous number of people that are really good into politics and science predictions like that of the presidential assembly and cabinets analysis which sometime they gets it correct, to me this kind of predictions has to do with study of human behavioural patterns and approach to something in other to win, but the disadvantage as others had pointed out is the longevity of the final results taking months, that's why there are sports betting has many gamblers than politics, entertainments, science and others.

I'm talking of the bitcoin price prediction. And the other one that you've described is about the predictions in politics. Although the same game style that you only have to predict which is going to be the outcome of the chosen subject that you're predicting.

In predicting bitcoin's price, it's much quicker than politics. You're right with predicting election results such as presidential race, you really had to know background and certain factors if the candidate that you're about to bet is strong in many places of the country.

Btw, we can have it both, we predict bitcoin's price just like the options and we can also play the predictions through election results.

crzy

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Quote from: ?? on ??

Right now Futuur is the only dedicated prediction based gambling site, but there are many gambling sites that has their own prediction based games mostly sports events, let's see how the gamblers will react and if they are going to support this kind of games, if they become successful I expect many gambling sites that don't have this feature to add it because there's a market for it.

Sports betting are indeed growing but Futuur is just a new one and its too early to say that they offer a great betting site so I'll still go for the reputable betting site like Cloudbet and Fortunejack in terms of sports betting. There's a high demand for crytpo gambling so if you are planning to create a new gambling site just make sure that you offer a different services so the gamblers will try your platform, instead of making a gambling site that is totally the same with the other site.

shoreno

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Quote from: ethereumhunter on December 21, 2020, 01:00:19 AM

Quote from: coin-investor on December 20, 2020, 10:17:04 AM

Quote from: ethereumhunter on December 20, 2020, 09:45:12 AM

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.

So if you doubt the site, you do not have to use them to bet. I do not want to see the casino hold my money if I do not trust them.

OP is already promoting it it's in his signature campaign, this is the platform that he is promoting https://futuur.com/, they have an existing signature campaign here and these are the sample predictions that they are currently running, really new to us, it's truly dedicated prediction dedicated sites.

https://futuur.com/q/feed

I heard about futuur.com, but I do not try it so far. Maybe next time, I will try to register on that site to know what predictions betting available on their site. But still, we need to have much data base on the predictions, so we will have a chance to win. Yes, it is new to us, and I think that site can be a new competitor for freebitco.in, especially if that site can get more members.

same and many users are doubting on them too maybe because they are new and they offer unusual events to bet on but freebit is an old site although freebit foccuses on their faucet and hi lo game because this is where they started .

there are better predicting site and freebit cant be compared on them but in terms of the number of players , freebitco has tons of sign ups and it grows every second . you can see that in the signup/login page .

Lorence.xD

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Quote from: ?? on ??

But the biggest con of this type of gambling is waiting time and I think this is the longest form of gambling ever which last for months and also reward distribution takes a lot of time as well, not sure that a regular casino gambler will have such kind of patience level.

This is an understandable con for gamblers but you have to consider that bookies rely on more people betting on the game so they have to create the bet as early as possible before the fight/race. It is in a way a pro for player too if you ask me, with a bigger time frame, you can decide more in depth on where you want to bet or if you want to bet, and in case that you do not have enough money to place a minimum bet then you can use that time to scrounge up some money before the big game starts.

ethereumhunter

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Quote from: coin-investor on December 20, 2020, 10:17:04 AM

Quote from: ethereumhunter on December 20, 2020, 09:45:12 AM

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.

So if you doubt the site, you do not have to use them to bet. I do not want to see the casino hold my money if I do not trust them.

OP is already promoting it it's in his signature campaign, this is the platform that he is promoting https://futuur.com/, they have an existing signature campaign here and these are the sample predictions that they are currently running, really new to us, it's truly dedicated prediction dedicated sites.

https://futuur.com/q/feed

I heard about futuur.com, but I do not try it so far. Maybe next time, I will try to register on that site to know what predictions betting available on their site. But still, we need to have much data base on the predictions, so we will have a chance to win. Yes, it is new to us, and I think that site can be a new competitor for freebitco.in, especially if that site can get more members.

Shasha80

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Because I am bored with gambling games that are widely circulating now, prediction betting can give me a new sensation. Because not
many platforms provide prediction betting, it is quite difficult to find gambling platforms that provide prediction betting. Since the American
presidential election is over, I am now trying to make a bet on the price of Bitcoin at the end of the year. Indeed, prediction betting is not
liked by some people because it requires patience, the results cannot be known instantly. We have to wait patiently, but if our prediction is
correct. I feel a pride that's hard to tell, I suggest that those who haven't tried Prediction Betting should try it. There are things that are fun
that other gambling games don't provide.

Hippocrypto

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Quote from: Yamifoud on December 20, 2020, 05:28:04 PM

Pros
*in only takes you a minute to choose which team/individuals to put your bet on)

Cons
*50/50 winning percentage

I don't see a lot of bad or good things in prediction, advantage or disadvantage. Prediction is just made to have some fun and you don't need to have a strategy on this, if you are lucky then you will win. A lot of participating individuals and just like you, they don't know the exact result as well.

Fees, held funds if you are worried to lose your money, then look into legit betting sites. And also, there are so many betting competitions now that never requires you to deposit first, maybe this is suited for you.

We can also use predictions as our reference towards betting with different gambling games. It's always certain to have different options rather than remaining into single odds. There's always more chance instead of relying on some particular aspects which you thought efficient in betting.

Yamifoud

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Pros
*in only takes you a minute to choose which team/individuals to put your bet on)

Cons
*50/50 winning percentage

I don't see a lot of bad or good things in prediction, advantage or disadvantage. Prediction is just made to have some fun and you don't need to have a strategy on this, if you are lucky then you will win. A lot of participating individuals and just like you, they don't know the exact result as well.

Fees, held funds if you are worried to lose your money, then look into legit betting sites. And also, there are so many betting competitions now that never requires you to deposit first, maybe this is suited for you.

Ryker1

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Quote from: aioc on December 20, 2020, 05:00:04 AM

If you check the motivation of most of gambler they want results right away, they want to know if it's their lucky day or night, these prediction platforms are good for sport prediction, because you will not get bored waiting because there are many news coming that can make gamblers excited as they are waiting for the day of the match.

Well, you can't fully rely on that platform that you have said. For me, predictions will always the same though as speculating the situation, --you even don't know if they will have an accurate result after they predicting such a game. However, at least you have a reference or guide upon your predictions and which is give an accurate result but it does not matter that you will fully rely on it, at least that you have your own research. I must agree with the OP that a prediction betting platform has pros and cons that we must consider before following them.

dimonstration

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Dimon69

Quote from: Mauser on December 20, 2020, 03:16:33 AM

I agree with your Cons, especially the service fee point is quite viable. Good betting recommendations are key to success, but only if they are legit. We need to make sure we don't fall for into a trap. So checking the recommendations in the past is very important. If we have to pay a high fee just to get bad recommendations and lose money in the end we will lose money twice.

If we will pay for consultation feed or predictions then it should be use in good use and should have a proper return of investment as it's quite hard to really win in gambling or in betting with just purely relying on predictions without any other study, so if we find one and with good record and reputation then it's a must try site.

bitbollo

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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...

Twentyonepaylots

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In my honest opinion, betting platforms are very much like your regular lotteries actually. But instead of random numbers, you bet on something else, in fantasy draft, it's players, in races, it's the contestants. So basically, it's much like lottery, only that you know a bit on who to bet and who to avoid based on their known statistics.

Quote from: aioc on December 20, 2020, 05:00:04 AM

If you check the motivation of most of gambler they want results right away, they want to know if it's their lucky day or night, these prediction platforms are good for sport prediction, because you will not get bored waiting because there are many news coming that can make gamblers excited as they are waiting for the day of the match.

Still, there is a margin of hours you'll need to wait until the game is over. In fantasy drafts this is much common because just like regular games, fantasy games have their own schedule. You kind of appeal to only a small percentage of bettors here who couldn't wait to bank out their winnings.

kryptqnick

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Quote from: Fundamentals Of on December 19, 2020, 09:00:56 AM

Betting sites don't have a house edge because gamblers are not playing against the site. This is nothing new.

Betting platforms are all custodial I guess. I have yet to hear of a betting platform which provides users their wallets' private keys.

I guess you could say betting websites don't have a house edge, but they do have the betting margin which IMO is a very similar thing. And not all betting platforms hodl the money of their players IMO (although the most popular ones do that). I've seen websites which are based on smart contracts on Ethereum, and people don't deposit any money directly to the website, but instead a smart contract deals with the finances automatically and people place bets directly from their private wallets. However, since these platforms don't become popular, it would be hard for me to remember a particular website like that, although I did try one of them out a couple of years ago.

MWesterweele

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Quote from: Lordhermes on December 20, 2020, 10:30:10 AM

Quote from: sunsilk on December 20, 2020, 02:35:10 AM

It's like the bitcoin options that you mostly see popping ads on Google and YouTube videos. My take on it is that it's just like the casual guessing of the price for which it enhances your predicting skills because if you're serious with it, you'll use analysis and study on the market that you're about to predict.

That's is your own aspects of predictions that's more preferable to you, there are numerous number of people that are really good into politics and science predictions like that of the presidential assembly and cabinets analysis which sometime they gets it correct, to me this kind of predictions has to do with study of human behavioural patterns and approach to something in other to win, but the disadvantage as others had pointed out is the longevity of the final results taking months, that's why there are sports betting has many gamblers than politics, entertainments, science and others.

I guess even predictions of one person have some sort of forte where they have their preference area where they can predict correctly or accurately some othe time. And some person also has a good predictions in such a sports betting or in gambling which their basis was technical analysis and so on. We have our own kind of strategy that work on our pace and that i guess we can't question why we have our own insights too when it comes to gambling or so.

Lordhermes

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Quote from: sunsilk on December 20, 2020, 02:35:10 AM

It's like the bitcoin options that you mostly see popping ads on Google and YouTube videos. My take on it is that it's just like the casual guessing of the price for which it enhances your predicting skills because if you're serious with it, you'll use analysis and study on the market that you're about to predict.

That's is your own aspects of predictions that's more preferable to you, there are numerous number of people that are really good into politics and science predictions like that of the presidential assembly and cabinets analysis which sometime they gets it correct, to me this kind of predictions has to do with study of human behavioural patterns and approach to something in other to win, but the disadvantage as others had pointed out is the longevity of the final results taking months, that's why there are sports betting has many gamblers than politics, entertainments, science and others.

k@suy

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Quote from: aioc on December 20, 2020, 05:00:04 AM

If you check the motivation of most of gambler they want results right away, they want to know if it's their lucky day or night, these prediction platforms are good for sport prediction, because you will not get bored waiting because there are many news coming that can make gamblers excited as they are waiting for the day of the match.

These kind of prediction i guess usually happened in a sports betting where you would only wait for at least 4-5 hours waiting for the game to end to be able to know who was the winning team like basketball or any kind of team sports. And as per my experience i do get excited to finished watching the game most especially if the favor is in mine.

Quote from: jademaxsuy on December 20, 2020, 04:49:34 AM

Quote from: ?? on ??

agreed, thanks for the input, as they say two head is better than one. Anyway, I had been having some excitement in the prediction betting lately but I had seen the possible issue and that you have stated it right because the bet I made still in the process of waiting for the result. I can't actually wait for the result to happen but we do not have the power to make the result right away. Yet, still I was amazed by the choices and the prediction of which outcome could be clearly predicted.

Some bettors are seem to have a lucky charm on their body that they could predict a possible winner at the end of the game and it so happened that end result of the game favored on what they have expected, these is the luck that i don't have in my body.

coin-investor

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Quote from: ethereumhunter on December 20, 2020, 09:45:12 AM

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.

So if you doubt the site, you do not have to use them to bet. I do not want to see the casino hold my money if I do not trust them.

OP is already promoting it it's in his signature campaign, this is the platform that he is promoting https://futuur.com/, they have an existing signature campaign here and these are the sample predictions that they are currently running, really new to us, it's truly dedicated prediction dedicated sites.

https://futuur.com/q/feed

ethereumhunter

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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.

So if you doubt the site, you do not have to use them to bet. I do not want to see the casino hold my money if I do not trust them.

Topic: prediction betting platform pros and cons? - page 7. (Read 1717 times)