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  • Writer's pictureConnie Chan

This Crypto-Based Sports Betting Platform Gives You Cashback On Lost Bets


Traditional sports betting platforms win when their players lose. Betero turns this centralized concept upside down with a DAO-governed sports betting platform that wins when its players win.

“We all love to bet, and we all love crypto. Alvaro and I saw the opportunity to create a decentralized sports betting platform that gives back to its players instead of maximizing profits for its owners. A fair platform. And people seem to REALLY love it.”

Bankman-Fried Says He Will Testify Before US House

—Frederic

Betero raised over $1,000,000 from more than 1,500 contributors in its presale. The community is strong and ever-growing. Now, Betero wants you to be a part of the decentralized future of sports betting.


The Sports Betting Industry Is Designed to Rip You Off

“Centralized sports betting platforms are strong now, pocketing most profits. Their goal is just to serve their shareholders, not the players. Once there is a feasible alternative for the players, they’ll switch over without a second thought.”

—Bruno


When you place a bet on a traditional sports betting platform, your bookie doesn’t match it. It just acts as an intermediary that connects bettors against each other, charges a fee for doing so, and takes little risk.


What makes this exploitative is that they hide their fee by manipulating the odds.


Instead of representing real-world probabilities, the odds are set to balance the betting pools to make as much profit as possible.


The usual profit margin is between 5–10% for bets on which team would win a match. Bets on the scoreline of a match have a profit margin greater than 20%, while bets on who would score first climb up to more than 30%.


Multiple bets that combine different types of odds, such as the first scorer and winner, are merged and yield even higher margins for the bookie of up to 50%.



When Decentralization Meets Sports Betting, Everyone Wins

Betero eliminates capitalism’s stranglehold on the betting market and distributes profits back to the players and token holders. It breaks up this margin-based marketplace economy into a decentralized market that rewards the participants.


The Betero system calculates the platform’s profit each month and redistributes 25% of it among the players who have a negative betting balance.


The integrated DAO allows Betero token (BTE) holders to submit proposals or vote for existing proposals to change the platform’s mechanisms. This includes data providers for the odds, profit redistribution percentages, and supported cryptocurrencies.


The Decentralized Future of Sports Betting

“Betero will become one of the leading betting platforms. It’s easy to use, and when the crypto market gets even bigger, we’re already here. Each new partnership with a famous athlete helps us gain popularity and with it trust.”

—Frederic

In its presale, Betero raised over $1,000,000 from more than 1,500 contributors. The total staked value of BTE has since risen to around $3,500,000, with the community’s spirit going strong.


Be among the first to invest in the future of sports betting and enjoy: Early investment ROI. Get the best token prices before the platform’s launch.

● Yield farming. Betero’s yield farming just opened with APYs of 100–300%!

● Profit-share. BTE token holders automatically join Betero’s profit-sharing system at its launch. In short, Betero is creating a betting platform that aligns the interests of everyone. If the players win, Betero wins, and so do the token holders. The best time to become a BTE holder is right now.

Learn more about Betero on the official website and become part of a fair betting future: betero.io.


Disclaimer: This is a paid release that was not written by Crypto Online News. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Crypto Online News. Crypto Online News does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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