Another week and yet another new project that tries to tap into the market of Sports Betting on a Blockchain. This one is named Bethereum and it seems to fucus on the social side of beting. I took again the time to read the entire Whitepaper and write down my personal thoughts on the project.

I have to give Bethereum some major props for their overall presentation as it is done very properly and professionally and the name is ok. They clearly spend a lot of time and money on this as they already have a working mobile IOS App that uses play bether tokens. I tested it out and everything looks nice and does everything what it aims to do properly.

From how I understand it, Bethereum will pretty much aim do the following...

When you want to make a small bet for fun with your friends, you agree on the terms and when the match is over the ones who lose pay the ones who win. Easy done.

Situation Revolutionised by Bethereum...

You and your friends need to register on their platform, buy their Bether Tokens and set up bet conditions on their app which puts it in a smart contract. When the outcome is known the Bether will be automatically paid out to the winner minus a 5% fee.

The thing they seem solve is a non-issue to begin with, trust between friends with minor amounts. They will alsoallow bets against people outside your friends group and talk about an "Exclusive High Roller Club" which no real high roller will probably ever use given the very high 5% fees.