After the appearance of the Internet, bookmaker companies and all kinds of centralized lottery organizers very quickly came to it, which, using the players’ money, provide services to players for buying lottery tickets around the world. In bookmaker companies, players-users also do not have the opportunity to try to win prizes-to place bets if they have not made a deposit to the company’s account in advance. Such relationships, both lottery companies and bookmakers, between the players-users and the organizers, are nothing more than credited to the latter. These organizations actually use the money of the players and should not charge the players a commission, as is the case with services for buying lotteries around the world (for example thelotter.com/thelotter-is-safe/), but rather pay a commission to the players for that they lend to the company. The same goes for betting and lottery organizations, which collect money up front from players if players want to play. In fact, bookmaker companies, according to the coefficient of the results of events, pay not their own money to the winners, but money from the deposits of the players themselves. Since the majority of players to start the game or if they want to place a bet, they always transfer to their account with the bookmaker company a much larger amount than they want to bet. And in case of a win, it often does not withdraw funds from the accounts of bookmaker and lottery organizations. That is, lottery and bookmaker organizations in fact manage the money of the users-players and pay out the winnings from this money.
But all of the above is not so important if these organizations did not use all sorts of fraud, manipulations based on their own rules, and often did not commit obvious fraud regarding user-players, which is already publicly confirmed by information on the Internet, in the chats of players who openly express their dissatisfaction and talk about numerous deceptions by such organizations. Bookmakers and lotteries. Of course, organizations that provide such services to players are trying to defend themselves by ordering all kinds of advertising campaigns about their honesty and refuting information in the chats of disgruntled players. But if there were no deceptions and disrespectful attitude towards players, then there would be no such exculpatory materials from lottery companies that they post on their own sites. (thelotter.com/thelotter-is-safe/). Recently, even legal companies have begun to appear that are trying to protect the players from such arbitrariness of the organizers. (https://thisisgambling.com/).
Of course, the players’ long-term habit of playing in betting organizations and lottery companies does its job and the players-users continue to play there, despite the fact that the winnings are not paid to them in a timely manner, often split into parts or not paid at all for some far-fetched reason by the organizers, which are immediately spelled out in the rules. And for many years the players had no choice but to put up with such a situation and accept, completely one-sided in favor of the organizers and disrespectful to the players, the rules – a relationship in cooperation. That is, in almost all gambling companies, be it bookmakers or lottery, the rules are reduced to a simple formulation. DO NOT ACCEPT OUR RULES – DO NOT PLAY. AND IF SITUATIONS ARISE THAT ARE NOT PROVIDED IN THE RULES, THE ORGANIZERS MAKE DECISIONS ON PAYING OR NOT PAYING OUT THE PRIZES. And all this despite the fact, we repeat that the users-players actually lend to the organizers and often then do not have the opportunity to get their funds back, let alone prize and winnings.
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Many betting organizations and lottery platforms attract players-users with all kinds of bonuses and other * sweets * for them. But they do not take into account one and the main thing. That all these * enticements * almost do not work, since among the players the honesty of gambling organizations and a respectful attitude towards them have long come to the fore. And according to these criteria, when communicating in chats, users-players always try to choose gambling platforms. But there are practically no such associations, and even those associations that should protect the interests of players are often created by the bookmakers and lotteries themselves. And it turns out that user-players seek justice and complain in organizations that are created by the very same violators of players’ rights and fair play in relation to players. (thisisgambling.com). This is the situation today in general on the global gambling market of lotteries and bookmaker companies.
BUT … WARNING! Not so long ago, the latest technology appeared on the Internet. THIS IS BLOCKCHAIN AND SMART CONTRACTS. These technologies, especially the ETEREUM blockchain, are already successfully applied in many spheres of life of the world community. And most importantly, in our case, they have reached the gambling business. Namely, lotteries, bookmaking, classic sweepstakes – peer-to-peer and other rates. And these newest technologies and gambling platforms based on them provide huge advantages for users-players over outdated, traditional lottery and betting products. Since, first of all, they are based on 100 percent honesty, and financial transparency on both sides, because a smart contract can only work in this way. For a smart contract, the code that is publicly available is law. And the smart contract acts as a guarantor of the transaction between the organizing platform and the user-players. But most importantly, all this happens with full respect for the player-users and the observance of their rights in receiving prizes, since there can be no one-sided moments in the rules invented by the organizers against the players. And even more so, their changes in the online mode in their favor. The organizers cannot influence the payment of the prize money, even if they would like to. Everything is done by the smart contract the very minute it receives the results of the events. In addition to the above, here are a few more points that work for user-players compared to outdated, traditional gambling platforms:
1. To start the game, the user-player does not need to make a deposit to the organizer’s wallet account. The player does not lend to the organizers and does not trust them with his funds. When buying a ticket or bet, the smart contract automatically deducts the ticket price or the amount of the bet from the player’s wallet and stores these funds in the smart contract. The organizers do not have access to these funds, both to the prize money, winnings and the jackpot.
2. To start the game, the user-player is not required to identify the person and provide other documents confirming the identity. (platforms in the blockchain only require information about the age of the user). It is enough to have a crypto wallet and funds on this wallet.
3. In case of a win, users – players receive a win almost immediately, as soon as the results of draws and bets arrive in the smart contract. From users – players are not required any additional documents, conditions, etc., to receive a prize, which is inherent in traditional gambling platforms.
4. The amount of payment of winnings, prize money, jackpot is not limited and should never be broken down into parts or delayed in time.
Of course, when using blockchain and smart contracts, these latest technologies, in the gambling business, namely in lotteries and bookmaking, users – players are forced to pay, in addition to the ticket price and bets from bookmakers, a commission to miners. But this is the price for complete honesty, openness and independence from the manipulations of the organizers. In this case, miners working all over the world work for users – players, decentralized confirming the fairness and honesty of all bet deals, transactions between organizers and user-players. And if we take into account the making of deposits to the accounts of the organizing companies, as well as not rare partial or completely non-payment of winnings, delay of payment of winnings, then this commission for miners will be much less than all the costs of players-users on traditional gambling platforms.
Therefore, given the described advantages of the latest technologies, blockchain and smart contracts, there is a high probability that Internet users must quickly understand and appreciate all the advantages that these KNOW HOW give players in the gambling business and specifically in the lottery and bookmaking.
The Ethersport project is one of the first to work on the latest blockchain technologies and smart contracts. Come and see all the benefits yourself. (Https://www.ethersport.io).
Good luck to everyone and get Ethereum with your knowledge!