Betting on RSC: Cheer and Bet for Favorite Teams
Ronaldinho and RSC (Ronaldinho Soccer Coin) are set on creating a holistic ecosystem, which will offer various services to fans, teams and clubs in the world of football. Our crowdsale starts soon and we’ve seen a huge interest from betting and gambling communities.
That’s why we created this article, which gives you a pretty clear idea on how cryptocurrencies and blockchain can help betting and gambling to get on the next level. Most of the people combine two things together — cheering for favorite soccer teams and betting on them. If you are a fan, you’ll never bet on the opposing team.
And there’s a lot of betting lovers (aka “bettors”). Among all other sports, soccer is drawing the biggest interest with 60% of bets happening here. Tennis and cricket trail behind with 12% shares each.
In terms of absolute figures, the global betting market stood at 1 trillion USD in 2015 and demonstrated strong growth. Since then, it’s continued to grow with the forecasts of 2 trillion USD by 2020.
So, it might look like this market has everything it needs and there’s nothing good that blockchain can do here. Not so fast. We plan to hold Regional Super League matches with the winners travelling to the Championship Tournament. In addition, we will establishment a network of facilities where eSports lovers will both play and bet on games (mainly, soccer matches). And betting on these events will win a lot from using blockchain as the underlying tech solution.
4 benefits blockchain brings to betting
Here are 4 ways, in which blockchain will help us transform the soccer universe and usher in new experiences to fans/bettors.
#1 No middleman between bettors
Betting and sports have been bedfellows for many centuries with people doing bets directly, one on one. Then, the Internet came around. Instead of betting directly, peer-to-peer, people started to wager against big companies.
The time has come to say goodbye to these intermediaries. People can finally take back the power to wager on their own, that is, via blockchain.
The blockchain can do everything that middlemen do, while it doesn’t need any fees and it never hides anything and tries to make money from your bets because it’s just a piece of code that always run the way it was programmed.
#2 Fair
Have you ever wondered why companies set particular odds and choose to offer betting on certain matches and avoid others? If you have, then you might’ve learned that all of these decisions are done completely at the whim of those companies.
Now, through the use of blockchain, we’ll be able to deliver the completely transparency for all operations running inside our platform. The odds will be set based on the prevailing market sentiment and any player will be able to become a matchmaker for any game he wishes.
#3 Social
With our focus on local inclusion in Super League matches that we’ll hold, there will be lots of people who cheer local players and teams, while also making bets on them.
70% of winnings will be distributed among bettors, while 20% will go to the winning team and 10% to charity initiatives. This means that the more fans bet on their favorite team, the more value it will bring to the players.
This is a great “catalyst” for social networking, engagement and just having fun together, while also supporting the local soccer team from your area.
#4 No limitations
Quite often, betting companies restrict users who start to “win too much”. In addition, the high-limit bettors face longer withdrawal periods. Sometimes, companies decide, based on “secret” reasoning, that a user should be limited in his actions or banned from the platform altogether.
At our RSC project, this will never be the case since the organizing team wins nothing from controlling the actions of users or banning them from the ecosystem, and we’ll be able to ban only those who violate the clear rules. We’ll use the standard mechanics with users needing to stake some amounts of RSC tokens. Nobody will want to spam, deceive or take some other nefarious activities, when they stand to lose their stakes.
Conclusion
The RSC platform has a wide suite of soccer-related services (White Paper) with betting destined to play a key role in our development journey. We’ve seen a lot of interest in our ecosystem from those who love betting and often cheer and bet for the teams they like most.
We offer you a chance to become part of a vibrant community that will disintermediate and democratize the world of soccer betting, giving the power back to bettors.
