Future Of Gambling , Betrium
Introduction Betrium
Betrium is the solution developed by group of entrepreneurs and MIT & MIPT graduates offering the first partly decentralized worldwide betting service (betting exchange & sportsbook) with zero-commissions accepting crypto-currencies and offering platform for event organizers, developers and thirdparty service providers. As a part of an IT outsourcing firm, our Team once had a project related to sports betting services (odds analysis and betting automation). During the process of development, we faced the three obvious problems: in most cases, bookmakers’ commissions and fees are absolutely unfair; they accept only national currencies (USD, EUR, RUB) and allows money withdrawing in limited countries only; the betting providers are completely unfriendly to developers and bots.
In Betrium bets happen off-chain and only added when the event happens and the outcome is undeniable. However the bets are broadcasted all over the network instantly for the odds to be recalculated. That means, in contrast to competitors, we are able to provide high-speed betting service built on decentralized IT architecture.
Future Of Gambling
Betrium has several goals for future, which is described in following subsections. The main goal is to make the world’s
biggest gambling platform.
Ultimate Open API
Betrium API. One of the Betrium's key features is the powerful betting open API for developers, third party apps and a betting bots. In future, Betrium can become a world’s betting processing center, so other betting providers will be able to build Betriumbased solutions. Event organizers will create custom betting services for their events using the modern API.
E- Sports Area
Betrium Cyber. Add e-sports area. In late 2018, we plan to run a section of Betrium Bets especially for cyber-sport. Cyber-sport is an actively developing market and e-games are absolutely important part of sport and youth culture even now.
Online Lotteries
Betrium Lotteries. An important part of our expansion takes decentralized blockchain-based online lotteries. According to the Market Review, lotteries have a 10.3% share of overall gambling market and take the third place by its size
Poker Casino,Etc
Betrium Casino. We'll add more gambling play-fields such as online casino, online poker and other games service. This is one 23 of the major gambling markets after betting. In mid-late 2018, Betrium Team will release the first set of online
games such as Bingo and Keno (2-3 games). Each game will be a separate project with own team and marketing. However, the projects will be a part of global Betrium Network so users will need one Betrium Network account only for all the games.
Live Sports
Betrium Live. As a serious player on the market of sport events, Betrium's future goal is a live sports broadcasting. In mid 2019, Betrium is going to start live broadcasting of main sport events and e-sports streams in FullHD. The major part of the Betrium Live may take the e-sports streamings.
Offline
Betrium Offline. According to the market analysis below, the offline betting market still takes a serious share of global betting market. Potentially, the project may go partly offline in future. That means, that having enough financial power and stable position in the market, Betrium may start opening offline betting offices for customers, that prefer offline and cash-only. This requires licensing from local regulators and other bureaucratic constituents.
Regulatory
Licensing for bookmakers. Licensing is a logical continuation of betting service development. It is required in two cases: money withdrawals and offline points. The cost of license varies from $0.1 to $5m per year and depends on country. Also, regulators impose increased tax liabilities and social responsibility
Financial
Bookmaker Business Model
Bookmakers main source of income is the users' unsuccessful stakes. Simply, bookmaker adds a sport match, receives stakes and according to the public response and analysis predictions calculates the coefficient of betting odds in the way that any match outcome yields a profit for bookmaker (or the lowest loss in the unpredicted outcome). The high betting odds let people bet on low-possibility outcomes.
Basic Example.
Team 1 vs Team 2. Predictions say Team 2 will be the champion
Thereby, according to the simplest probability theory, bookmaker's averaged profit from this single event may be:
$0.12m * 0.3 + (-$0.1m) * 0.1 + $0.125m * 0.6 = $0.101m
The real bookmakers' calculations are a bit more difficult and have a huge number of relations, but the main idea is the same.
Sources Of Revenue
Betrium's revenue may consist of revenues of the following sources :
- Betrium service use fee at fixed price ($12–$120 per year, $1-10 per month);
- Advanced Accounts (+ 50-100% from the fixed Betrium service use fee);
- Event organizers platform fee (1-5% from stakes volume);
- Commission on winnings (0.01–1%);
- Money deposits (0.01-1%) on the Betrium Account Wallet;
- Money withdrawals (0.01-1%) from the Betrium Account Wallet;
- Bookmakers' main revenue source described below — users' unsuccessful stakes;
- Open API usage fee ($10-100 per year).
Revenue In Future
As a gambling platform, Betrium plans to expand its services (see the section "Future of Gambling") and become the global player on the market. The list of the possible sources of revenue in future :
- Online-casino (poker, black-jack etc.);
- Other games like Keno or Bingo;
- Decentralized online-lotteries;
- Betrium Live service for sports broadcasting;
- E-sports platform;
- Sports analytics and statistics services.
Revenue Plans
The following data is Betrium Team's estimations, prognosis and goals about Betrium financial successes. The Betrium may be profitable from the first day of release. In the first year after the full launch the Team expects to make over $5
million in revenue. In the future 3-4 years Betrium's goals are to increase the annual revenue to the $300-1200 million.
The token capitalization goal is $2.5-12 billions. As our market is gambling, the goal is not as large as it sounds and is absolutely normal.
Expansion Expenses
20% of all revenue will be spent on Betrium's expansion, IT infrastructure support and development, operational items
(offices, employees), content moderation.
Annual Budget
The following presents estimated optimal budget structure
Roadmap
The following presents the approximate deadlines for various stages and progress of developing of Betrium.
Pre-ICO [1]: 23 October 2017–22 November 2017
Pre-ICO [2]: 22 January 2017–14 February 2018
ICO : 28 February 2017–30 March 2018
For more information, please visit links below :
- Website : https://betrium.co/
- Whitepaper : http://betrium.co/betrium_whitepaper.pdf
- ANN Thread : https://bitcointalk.org/index.php?topic=2234870
- Bounty Program : https://bitcointalk.org/index.php?topic=2240704
- Facebook : https://www.facebook.com/Betrium
- Telegram : https://t.me/Betrium
- Twitter : https://twitter.com/betriumBets
- Medium : https://medium.com/@Betrium
Created By : Panda_Pendek
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1185206
ETH Address : 0xaC13F35Eb6662986d5477267294Fe62c529A6b0d