The New Libertarian

Looking at some of the Current Ways to do Sports Betting with Crypto

Putting some Thoughts into the Blender

Time to thought-test some ideas for potential components I'd love to see as features for any new or current blockchain-friendly betting software. The technical stuff I'm writing about here is far above my measly skills in coding, I'm writing up these ideas so that hopefully someone good at these sort of things can pick them up and run with them.

Decentralized and permissionless transactions are the two heavy hitters when it comes to blockchain technology and it fits the sports betting niche perfectly in many ways - With these two components, there is not a single door for cops to kick in and raid to stop the activity like they can do with the regular illegal bookie. The network is our bookie and the bookie can be copied and streamed everywhere we choose.

This also means security for the users, the players. If nobody can track your activity, how is the taxman going to find out whats going on? This is why I bailed out of BetOnline fairly early in my tests to write this article - I had no guarantees for my data to be private or bullied out of the hands of the platform! I also don't want to risk my account being frozen because the guys running the betting-platform gets compromised. If I wanted my local tax revenue office to know how big my winnings where I'd just log in to something like Betsson instead and play with fiat.

Transparency and no need to be worried about the code is another amazing future of, for example, Bitcoin and all its siblings - The open-source idea and verification of the network itself is absolutely beautiful. When money is on the line it's important for this trust to be as solid and see-through as possible to nip any scammers in the bud.


These three components (Decentralisation, Permissionless, Transparency) are the main ingredients that I'm looking for.

How a Betting Gods newsletter looks like: short, sweet and to the point. And free!

Data mining odds, with the potential to adjust them for the players themselves before taking bets, and broadcasting them for players are one of those too-technical-for-me things to give a helping hand with, besides passing out the idea. But speaking from experience, some of us players are odds-surfing, hunting for good odds on several platforms so it would be very convenient if we as players could set our own odds and see if someone bets against us, under one umbrella UI (where the "house" network take a small claim from the betting for the service of being the network). Imagine if betting-odds services like Betting Gods could not only provide the service of giving you tips on what to play, they could also give out their own odds their experts set, or guide you to good bets on the internet. The only limit is the developer's imagination!

Speaking of UI, are you familiar with the Dissenter web browser? The browser itself is so-so but it has a fantastic idea baked into it that would fit us gamblers perfectly if reconstructed: Dissenter adds a comment-section layer to any news article, Youtube video and so on that anyone that is part of the Gab/Dissenter network can access - A censor-free way to interact on content with others without the content creator or publishers having any say. It's basically a digital version of talking with your friends about topics, but here you can actually do it at the source of what you are talking about.

Imagine doing this on sports articles about a certain game, but also have access to the odds on the network for this game, or even set up your own game and broadcast it through the network to anyone interested in that particular game - With the added bonus that the new game you setup can be associated with the article you just read or video you just watched. Someone trash-talking your favorite team in a comment section? Send them a bet and let them put their money where their mouth is! The on-ramp potential for Bitcoin with that sort of thing has huge potential.

Peace and Profit

- Alex Utopium, Editor at Utopium.