🎇6.1 Value proposition for sports bettors
● Lower fees
○ Winc incentivizes bettors to use the network and to acquire, use, and hold WİNC
○ Use: lower fees inherently better
○ Better margins for players: higher probabilities through lower fees
○ Potential to win bigger value
○ Potential to win just by holding
Winc is custom built for sports bettors and the sports betting industry. For a low fee, players can place their bets in secure escrow. Winners get automatic payouts after the event outcome is confirmed on the blockchain through consensual validation. The Winc network confirms real world gaming results accurately because of strict enforcement of the requirements for Oracle Masternodes participation. The penalties for Oracles that attempt to feed bad data to the network are prohibitive. Supermajority (75%) consensus among the Oracle Masternode network is required in order to post game results on the blockchain, making result security extraordinarily robust. There's no risk of overleveraged betting in the Winc system because no one can bet more WİNC than they have. Loan sharks and associated violence are excluded from the Winc network. Higher probability play through lower fees Since Winc’s fees are lower than traditional sportsbooks, the probabilities of success over time improve because the bettor doesn’t need to win as often to make their sports betting practice profitable long term. Buy low, use high Sports bettors who buy Winc when its price is low may choose to use it for betting when the value is high to get even more value per token. By buying low and spending high, bettors leverage Winc’s advantageous ecodynamics to amplify their betting power because they can place larger bets with smaller amounts of initial capital. Bet high, win higher Since returns on betting is a matter of probabilities, buying low and spending high increases the likelihood of profit, by first reducing the initial investment and, second, increasing the value of the payout. Win higher, bet higher still
Actually, if the price continues to rise, successful bettors can repeat the process: waiting until the winnings increase in value again before placing a new bet would mean that the initial capital at stake remains nominal while the reward potential continues to grow.
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