We’ve heard a lot of distinctions between centralization and decentralization in Finance, gaming, and social apps, but when it comes to examining the flaws or centralization, only hollow efforts have been made.
Focusing on the sports gaming aspect, we’ve highlighted the flaws of centralization, and why the need for an owned, secure, and transparent gaming system is critical. Coupled with an examination of how Scorefam counteracts the centralized downside.
It’s undeniable that technology has changed the way we do things. And for this post, we’ll focus on how technology has made betting/staking better.
Pitfalls of Traditional Betting
In the world of traditional betting, bookmakers have the upper hand every time. Sometimes it might even feel rigged. When a platform controls the odds, the potential wins, how much you can put in, who can win and who can’t, it begins to feel like your favorite pastime is being gatekept.
What’s more, bettors with experience who study the intricacies of the game to make informed decisions are blocked or prohibited from participating for some reason or the other. It’s disheartening.
This occurs more often at the whim of platform administrators. Imagine being punished for being good and respecting the rules.
In traditional betting, winners are seen as threats because the intention is to gather as many losses as possible.
A platform built on a blockchain that uses cryptocurrency as the transaction medium could disrupt this system and give control back to the players. Infusing the game with the staking mechanism will cause a paradigm shift that could give players in your community comfort.
Key Flaws of Traditional Betting
The severe damaging flaws of traditional sports betting are the emotional turmoil, risk of addiction, and personal financial loss it can inflict. But the following flaws are less gruesome and fixable.
- Difficult to manage risk
- Making up for losses is almost impossible
- Administrator distrust
- Payout Problems
- Sports betting is a lonely and isolated occupation
How Scorefam Levels the Playing-field
Scorefam is a Web3 sports staking platform that is set up to innovate the way we use blockchain technology in gaming. By creating a bridge between the crypto sphere and the world of football, Scorefam has infused all the benefits of the blockchain into the world of betting.
With Scorefam, players’ risks are segmented according to their propensity for it. The three novel features –Locked, Flexible, and Multiflex – are designed in the three different ways a player can be. It caters to every type of player’s risk appetite.
Everybody who’s ever placed a bet knows that there’s nothing more fun than having a stake in the game while watching it. But when you win and encounter payout issues you feel swindled. Funds released slowly, or seized are issues betting on traditional platforms experienced all the time.
Scorefam tackles that by infusing Smart Contracts that automate transactions. This way, your outcomes, and rewards are set in stone.
Not only does Scorefam guarantee payouts, but it also harnesses the excitement of the game and creates a freer, safer and risk-friendly environment to make a bet. We do this by offering a degree of anonymity and total ownership over the game assets.
Scorefam’s existing ecosystem makes it simple to stake football matches alongside its ever-expanding network. Additionally, the vibrant Scorefam community is a great place to connect with kindred minds, share your football excitement, and have fun.
Visit Scorefam.org and start your journey.
Contact us at [email protected] if you’d like to work with us.