Decentralized Sports Betting?
No More Middlemen: Democratizing the House Edge in Sports Betting
Liquidity provision on UBET Sports refers to providing the funds to the UBET platform, which overall increases the liquidity and gives better odds. Users can participate in the UBET liquidity pool and earn a share of the profits as passive income.
There is a positive dynamic between bettors and liquidity providers. The more bettors, the more liquidity providers earn passive income from vigs. The more liquidity in the pool, the better odds bettors will get! Thus, it increases the efficiency of the UBET platform and reduces the risk of market manipulation.
It is important to note that liquidity provision on decentralized platforms can also come with risks, such as the risk of platform failure or the loss of funds by chance (i.e., the variance in the outcomes of matches). However, with the law of large numbers, the statistic will converge to the expected profit.