6 Overlooked Benefits of Betting with Bethereum

Michael Luchies
Bethereum
Published in
3 min readSep 20, 2018

Placing a bet shouldn’t be difficult or risky, nor should platforms accepting bets refuse to pay winners. But the truth is that betting is difficult, risky, and far too often, winning bets are never paid out. This has kept millions if not billions of people from placing bets.

When Bethereum announced their goal to become the most engaging and secure betting platform on the market using blockchain technology, it gained the attention of the world of cryptocurrency and the excitement of millions of sports fans and bettors.

Bethereum and the BETHER token offer you and I many benefits to bet on their platform, which is getting closer to a full release. Here are the 6 overlooked benefits of betting with Bethereum:

Fun

Betting should be about more than risking money to earn more of it, and with Bethereum, it is. Using gamification, Bethereum brings fun into the picture by creating a game around a your experience. From digital badges to seeing yourself on the top of the leaderboard, betting on Bethereum allows you to compete against others while making bets and having a great time.

Simplicity

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During Bethereum’s World Cup Contest, which awarded millions of BETHER tokens, over 117 thousand bets were placed. The simplicity of the bets made the game popular, and it will lead social bettors onto the platform as well. Bethereum will launch with simple bet options and a clean interface that take out the complexity that have confused even experienced bettors.

Safety

Entering credit card information for the first time on a betting website is as nerve-racking as watching your team down a goal in stoppage time of a championship match. With Bethereum, no one, including the Bethereum team will have your credit card information and your transactions will be safe and secure through smart contracts.

Stay Connected

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Bethereum is changing betting from something that happens between a bookmaker and a bettor to a fun exchange between friends, family members, and others. Friends often bet with each over a handshake — now they can utilize smart contracts with Bethereum and make it official, securing transactions and avoiding disputes around who owes who.

Guaranteed Payouts

With smart contracts on the blockchain, transactions are safe and guaranteed. The winner will always be paid out after a bet is settled on Bethereum. When your winning bet has settled, you will receive your winnings in BETHER tokens, and you can decide to bet again or cash out.

Easy Deposits and Withdrawals

Many bettors are tired of having to meet a long list of requirements before withdrawing the money they’ve won. BETHER is an Ethereum-based token (ERC-223) compatible with all ERC-20 wallets including Jaxx and MyEtherWallet. Bethereum allows simple and instant transfers of tokens in and out.

Bethereum is a decentralised, social-betting platform based on Ethereum technology and Smart Contracts. Want to know more? Start here.

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Michael Luchies
Bethereum

Entrepreneur, Writer, Sports Fan and Cryptocurrency Enthusiast. TrepRep Founder, TEDx Alum, Bethereum, Entrepreneur Mag, Scorum, and Steemit Contributor