Graz ( Peer-to-peer betting platform )

About

With Graz you can make any bet within a broad range of events proposed by the platform. For instance, you find your favorite team’s tomorrow’s game and propose a bet to other users with the following conditions: 1:5 coefficient that your team wins with an initial amount of 100 GRZ coins. Accordingly, the other bet participant must have at least 500 GRZ coins to make bet with you. You can also propose an unusual bet that a player from your favorite team will do a flip when celebrating a goal. In short, there are no limits to imagination when proposing an event. Such unusual events are checked and approved by moderators.

At the moment, users make bets in betting stores that set coefficients in a special way adding a margin of 5-20% to always make a profit. That is why the long term winning in betting stores is an almost impossible task. Graz gives you an opportunity to be in bookmaker’s shoes and make bets with people like you around the world.

• Opportunity to make up the bet’s subject yourself.

• Opportunity to bet unlimited amount of money.

• Opportunity to set any coefficient.

• No actions are taken against users who always win.

Advantages over booking stores are quite obvious. The future has come through the development of blockchain technology. It is smart contracts that let users be assured in getting their winnings.

Idea
The idea of letting people bet on different domains is interesting. However, the actual demand for such an open platform in the market might be overestimated, especially when there are already dominant players in a particular domain. Our team believes that Graz can only target a small niche market, which limits its scalability.