BITGOALS-Changing the Sports Sector

4 min readJul 20, 2018

One of the many activities that bring people of all culture and diverse tribe is Sports. People gather together, irrespective of their culture, religion or other differences to cheer their favorite team to stardom.

People also make money by betting on the projected outcome of a game. With this, people not only get to support their favorite fan, but also make money doing it. The sports sector is a fast growing one that has made billions of dollars since inception.

There are many people that are rich via online betting. Without a doubt, online sports betting have much advantage. But despite all the pros of the betting industry, it comes with issues as well. We discuss some below:Problems of Betting Platforms

1. Lack of Trust: There are times, betting platforms have been unable to pay winners due to lack of funds. Some are able to pay; they however delay payment for reasons best known to them. This has made many not to trust the betting platform.

2. Paper Trail: before you can join most betting platform, the registration is just too tedious. Asides the fact that they invade your privacy, winners does not get paid anonymously. This is a big discouragement to many.

3. Minimum Deposits and Withdrawals: There are issues that come with finding your online betting account. There are times deposits don’t reflect on the dashboard, and if it will reflect, it will take an awfully long time.

As if that isn’t enough, the minimum withdrawal amount is set so high that participants are unable to withdraw little earnings.

Solution Offered by the BitGoal Platform

The entire problem highlighted above has been solved by a single revolutionizing technology – the Blockchain technology.

Visionaries and sports enthusiast have come together and made available a platform that would integrate blockchain technology with online sports betting. The platform is called Bitgoals.

How Bitgoals Work?

The major issues heighted above will be the primal focus of bitgoal

1. Trust: Bitgoals will use smart currencies, thus making people trust the system again. All players will be able to see the real fund allocated to each game. Thus, manipulation of payouts will be a thing of the past.

2. Absence of Paper Trail: Users do not have to enter their entire details during registration. This is because Bitgoals will use smart contracts that are error proof. Thus, winnings will not be manipulated, and all that qualifies user is their wallet. Users will not have to give their privacy.

3. Removal of Limit in Deposit and Withdrawal: Funds are no more limited due to regulations and with the aid of the blockchain technology, players can send any amount desired in the form of cryptocurrency. Thus, the decision on what to withdraw and deposit is entirely your call

4. Bonuses and rewards: To make the platform more rewarding to users, each playing category will have a leladerboard. The winner in each leaderboad will get Bitgoal tokens as rewards which can used for various services on the network.