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April 23, 2019
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RoBET is a decentralized sports betting platform that has not yet fully launched. It runs on the Ethereum blockchain ans uses smart contracts. Available in a demo mode at the time of writing, RoBET promises to provide bettors with a “virtually zero margin sports betting experience.”
The team behind RoBET revealed that they designed the platform how sports bettors would want an online sportsbook to be. This explains why RoBET promises these three: zero house, immediate payouts, and anonymous betting.
With player anonymity, you can place bets without providing your personal information. But to comply with most jurisdictions, KYC and AML policies will be followed. This means you will still need to give your details upon registration.
RoBET has understandably no license yet, but its whitepaper states that the team will apply for a license from major regulators. This way, more bettors will experience how betting should be like in a true decentralized sportsbook.
Unfortunately, there are no bonuses or promos on board RoBET. No words yet whether or not it will have these offers. From the perspective of players, having a few bonuses or tournaments will make the sports betting experience more challenging and engaging.
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No license set.
RoBET offers 32 sports markets you can bet on. Each sport features international and local leagues and tournaments. There are, however, no casino games here, as well as no words if they will add any in the future.
If you’re a fan of football, RoBET got you covered as the seven most popular football leagues are included: Premier League, Champions League, Primera Division, Bundesliga, Seria A, Super League, and Ligue 1.
But what makes this decentralized sportsbook even better are the products and solutions designed to make betting easier and more rewarding. For instance, you will have less risk and enjoy low margins, thanks to the proprietary Risk Minimization Engine (RME) and Floating Margin Protocol (FMP).
What FMP does is it makes the margins flexible instead of fixed. If the risk is low, the margin will be as low as 0.5%. If the risk is high, the margins will adjust. This set-up avoids margin manipulation often practiced in centralized sportsbooks.
ROBET is an ERC-20 token that is used to bet on the sportsbook. Currently, ROBET is given away through a series of public token sale for a much lower price.
When the RoBET sports betting platform is fully launched, you will need to convert your fiat money or cryptocurrency to ROBET in order to place your bets. The reason for having only ROBET as the supported currency is to ensures that you enjoy all RoBET services in a secure environment.
Given its decentralized nature, RoBET does not require you to transfer funds to your account. You simply have to choose the match you want to bet on, then place your bets using ROBET tokens. No minimum bets are in place to date.
RoBET possesses the qualities sports bettors look for in a platform. It utilizes blockchain technologies and produces innovative solutions to truly make your sports betting experience unlike any other. It is decentralized, based on Ethereum, and offers the lowest possible margins. If all these excite and interest you, you will definitely keep an eye out for this platform. Just wait for its full launch.