Betting on Superbowl…with Ethereum


via CCN


by Jake Sylvestre

Tonight at 6:30 PM EST traders will tear themselves away from exchanges around the United States and turn on the Superbowl. It’s unfortunate, but if they miss it, there’ll be very little to talk about with their non-crypto friends on Monday. This year cryptocurrency professionals and enthusiasts around the world can combine their two loves with an Ethereum smart contract they can use to gamble on the Superbowl.

Gambling with cryptocurrencies is nothing new. As a matter of fact, in a report byCredit Suisse this summer gambling ICO’s dominated the market by sheer number. As a matter of fact, whole ICO’s, such as XWIN have been dedicated to creating a trustless platform for sports gambling.

None of these platforms are live yet and many are still months out from conducting ICO’s. Even so, what differentiates CryptoBowl is how simple it is. It’s about 1200 lines of code on an Ethereum contract. It simply checks WolframAlpha‘s API to see who won the Superbowl and makes payouts accordingly. The smart contract utilizes Oraclize.it’s API in order to communicate the results back to the smart contract. In the midst of the cryptomania as of late, it’s simplicity is incredibly refreshing.



It’s so simple, as a matter of fact, that the website’s slogan is “No ICO, no bullshit.” The mere existence of this product is definitely reflective of the fatigue felt by crypto traders as of late with the explosion of ICO’s in recent months and the rampant price fluctuations and uncertain market conditions. Nonetheless, it hasn’t proved too popular thus far. As of press time, about $200 worth of Ethereum seems to have been contributed in total with New England in the lead.

The distribution mechanism also results in a self-creating spread. According to the FAQ on the bottom of the website The winners will receive their money back plus the losers pot (minus 10% for the creators of the website) in proportion to what they have contributed. This self-creating and adjusting spread is an interesting way to go on a trustless platform and maybe a trend going forward.

While this smart contract obviously represents a microscopic portion of the sports gambling market, it’s a definite sign of things to come in the crypto space. As more ICO’s take off they’ll have to deal with problems like setting a spread. More importantly, they’ll need to find a better way to retrieve results than through a centralized system. I look forward to seeing how much more (if any) money is put into this before it closes tonight.

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Tahnks for this jess!
The pool isn’t big enough to care right now… I tried it out.

Let’s see if it gets bigger.

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actually this looks legit, i looked through the code on on the eth smartcontract

simple functions. i will put in like 0.2 or 0.3 eth to play. let’s do it

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jess where did you find out the cryptobowl.co

this is brilliant. simple peer to peer crowdbased smart contract simple and elegant no BS

i want to see more of these kind of stuff in the future. not have to sign up for an online casino or gambling site

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Found it on CCN

:blush:

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Thanks for the share! I will definitely be throwing some ETH on the Pats.

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guys soo excited game starts in like 3 hours dude

double or nothing biatches

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How this thing can be an advertisement?
1,99-1,41 odds right now it makes %82 payout.


There are lots of trustworthy bookmakers with %95+ payout.
Personally i’m using nitrogensports, odds are 1,492 - 2,804 it makes %97.38 payout. You can bet up to 20BTC for money line, up to 40 BTC for Asian handicap… ( and they have really good Affiliate Programs, do not hesitate to pm me :smiley: )

Also… This is the gamblings future for sure. No KYC, no commission, no middle man, high odds. -probably %98-99 payouts like betfair.-
Do not forget to check Wagerr if you are interested in betting btw. Need to say they are too far behind the their road maps, actually my friend invested in their ICO about 8-9 months ago and while he starts to think he get scammed Wagerr shown up.

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Happy to say I won and was paid out my meager $10 bet. Nice sign that the system worked!

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Betting on the NFL is always a fun part-time of the Superbowl season. We always bet on different teams and on the fact who is going to suck at the half time show. We recently found this new betting site that has this awesome feature of gifting you a certain percentage of the money you bet with each bet you make.
Check them out here: https://globalsportbets.xyz/en/promocodes.html


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