Home Insights What is SportX?

What is SportX?

by Alan Daniel
, What is SportX?

SportX is a sports betting platform that makes use of blockchain technology for added security and transparency to the betting process.

Built on top of the Ethereum blockchain, the platform uses the cryptocurrency called Dai to support its operations. Through its platform, SportX allows its users to bet on various sports, including but not limited to the NFL, NBA and NHL.

As a decentralized application (DApp), SportX is based on a peer-to-peer betting model which utilizes the transparency of the blockchain. As such, bettors may bet on their favorite sports while making sure that they are not being taken advantage of by large scale betting companies.

Instead of playing against a betting platform itself, SportX lets bettors place bets against each other.

This makes sure that the platform itself isn’t dependent on making money on the bettor’s loss – which is how all major sports betting companies generate their revenue.

Let’s take a look at a few other features that distinguish SportX from its competitors.

What makes SportX better than Other Betting Sites?

Through its DApp, SportsX intends to provide more control to the bettor as compared to any other sports betting platform. The DApp conducts this through a few unique features.

Apart from the P2P betting feature that blockchain technology brings to the table, SportsX provides its users with benefits that include but are not limited to:

Betting with a Stable Cryptocurrency

Dai is a stablecoin that has its value tied with the U.S. dollar. This means that 1 Dai is equivalent to 1 USD.

By using this feature, SportsX bettors ensure that the cryptocurrency they are using will not fluctuate in value and would provide them with the profits they want.

Setting Odds as a Bettor

Unlike other platforms, SportsX allows its users to set odds as bettors. This unique feature is possible by the platform’s unique P2P betting mechanism.

Instead of having to play by the odds set by the betting platform, users set their own odds against the bettors they are connecting with. This way, they could always make sure to play by their own terms.

Earn Stakes in the DApp

SportsX takes pride in the notion of giving bettors more control over how they enjoy sports betting.

As such, it gives out stakes in the platform to those who are betting on it – literally.

SportX Offers a Great Platform, But Needs to Be Approached with Care

SportX provides bettors with a great platform and betting model. But given the many risks that such platforms bring to the table, it is advised that you only place minimal bets on the DApp at first to ensure that it works out for you.

You should start depending on SportX as a primary betting platform only after assessing it through actual use.

Bet responsibly.

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