Hello Steemians,
We all know steemit is a great platform and I think we have only scratched the surface of what can be done with it. Today I would like to present a simple concept of how a steemit post can facilitate betting on sports or any other world event that has more than 1 possible outcome.
The idea is simple enough:
1.- The author describes the event and the possible outcomes.
2.- Steemians would then upvote and post their betting choice.
3.- The winners will receive the SMD of the post. The author of the post and organizer of the bet will keep the steem power (win-win).
Possible downsides:
- Poster runs away with the rewards: This is possible but his/her reputation would be ruined and would risk getting downvoted for ever on.
- Big whales who participate will add a lot of rewards by upvoting the post but will still get their winnings divided equally with minnows
Upsides:
- It’s fun
- You are not risking real money and you could possible win something.
- It could attract more people to steemit
- It would make watching horrible games like Haiti vs Peru a bit more fun LOL
As a proof of concept I created the first steemit bet on the Copa America, feel free to participate