Sports betting is one of the largest betting markets in the world. Around $3 Trillion USD are use to place bets in the global market of betting from which around $1-Billion are wagered on a single football game which makes betting one of the largest industries in the world and football betting being a very important part of that industry. In 2017 global market yield of football, betting was around $80-Billion, which is more than the richest man in the world bill gates have right now. Another trend in the world is the lottery tickets for sports used by companies to reward people for predicting scores or placing of a specific team in a league. A common example of such lotteries is the Horse racing competitions taking place in Dubai. The Government of Dubai gives every person a chance to predict the final places of horses in a course of different events. A person with perfect scores gets to win Hundreds of Thousands of worth price cars and cash prices.
Goal bonanza is providing a similar opportunity to users by giving them a decentralized, self-regulating, football lottery platform based on ERC20 Token standard and Ethereum Blockchain. In this platform players are given a chance to predict the final score of a single football game. They are given 1 to 10 available options to choose from. Below is an example of the prediction choices. If players end up choosing the right option they can earn from the bet that they have place which starts from $1 USD and along with money wins, they are granted rewards aswell.
Starting on Goal Bonanza is very easy. They have created an App, which is available on iOS and Android. The important thing here is that Goal Bonanza is providing users with a welcome bonus of 10 tokens to start with placing bets using Goal Bonanza. Their registration only requires two-factor authentication without giving any personal information.
How It Works?
Goal Bonanza offers its players to bet on 150 to 200 football games from major national and international leagues around the world. It works on a very simple way of splitting the pot between users who have betted on the correct final result of the game. For example if there are 500 tokens out of 150,000 worth $1 USD betting on 0-0 final score of the game. Every winning would generate 500 tokens for the user and if a person has place a bet of 1 token of worth $1, he or she will end up winning $500 USD at the end of the game. The wager would increase with the increase in tokens. If he has place bet using 10 tokens of worth $1, then he or she will end up winning $5000 at the end of the game.
In conclusion, The cool thing about Goal Bonanza is that they give users a bonus every time they unlock a level. Newbie gets a 10 token bonus while a Veteran Better gets 1000 Tokens as a welcome reward to the new Level. Veteran level is the highest level that they provide for betters.