Breaking Free from Restrictions: Ushering in a New Era of Decentralized Sports Betting.
Have you heard about traditional bookies placing restrictions on their platform users? Does the strict withdrawal amount of their winnings sound familiar? Their conditions are obviously endless…
This seems to be the case for Mr. Stanley and Mr. Felix, two popular Nigerian punters on Twitter. They experienced difficulties in accessing their payouts after winning with a traditional bookie (Sportybet, Helabet, etc.). They are not alone, a lot of punters around the globe, not only in Nigeria. Well, the solution to this issue is “DECENTRALIZED” sports betting.
Why decentralized sports betting?
Mr. Stanley and Mr. Felix would not experience these issues on decentralized sports betting platforms. How?
Not being compensated for their winnings is a common issue faced by bettors and this has become a nightmare for all punters. Decentralized betting eliminates the need for a central authority like Helabet and Sportybet, which controls the odds and holds all the stakes. Users can participate both as the house and the bettors. Mr. Stanley and Mr. Felix as bettors would get paid regardless of their winning sizes because the funds will be automatically paid out using digital “smart” contracts.
UBet Sports is decentralized
UBET Sports is a sportsbook that transforms the betting industry by leveraging blockchain technology and decentralization principles. Their goal is to democratize traditional sportsbooks by respecting user privacy and not holding users’ money. Being a non-custodial platform makes you the sole owner of your funds rather than relying on a sportsbook to hold or manage your money.
The primary objective is to empower bettors like Mr. Stanley and Mr. Felix by providing them with trustless ownership over their bets and winnings. With UBet Sports, you get fast payouts and low transaction fees. Bettors enjoy sports betting without looking over their shoulders.
The cryptocurrency used on the UBET Sports platform is the USDC, a stablecoin whose value is backed by the US dollar at 1:1. There is absolutely no fear of losing assets due to fluctuating market values. With the current value of the Nigerian naira plummeting. The USDC comes in handy as a viable means for preserving the value of one’s cash.
Games Experiences
The UBet platform provides a wide range of exciting games. Immerse yourself in the thrill of competitive eSports, top-tier basketball action in the NBA, the passion of global football including top European leagues, the excitement of NFL matches, the game of cricket, and the exhilaration of baseball. Bet on your favourite teams, players, and outcomes. You can sign up for the MVP tournament here to win $2,000USDC prize.
UBET just concluded our beta experiments after carrying out a series of tests via betting tournaments and hearing exclusive community feedback. Now you can try their platform!
It will interest you to know that the UBET platform will definitely broaden its user base. With the addition of parlay bet functionality, it aims to improve user ease by giving punters the chance to combine numerous bets for better odds and greater possible rewards. UBET Sports plans to put referral programmes into place, enabling users to profit from commissions or bonuses by spreading special codes to invite new users. These changes are expected to improve user engagement and the overall betting experience on the site.
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