Gambling on Steemit

steemit bookies

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

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