Copy of OpenBook Whitepaper
  • Introduction
    • Welcome to OpenBook
  • Market Description
    • Market Participants
    • Market Size
  • Background
    • Introduction
    • Centralized Models
    • Decentralized Models
  • Description of the Problem
    • Existing Problems
  • Our Solution
    • Introduction
    • Problems and Solutions
    • Our New Model
    • Advantages for Bettors
    • Advantages for Bookies
  • Project Architecture
    • Introuduction
    • Protocol Structure
  • Betting Side
    • Introduction
    • Making a Bet
    • Types of Bets
  • Bookie Side
    • Introduction
    • Becoming a Bookie
    • Benefits of Being a Bookie
  • Backend Implementaion
    • Liquidity
    • Market
    • Bet Contract
  • Frontend Implementation
    • Introduction
    • Navigation Layouts
    • Betting Page
    • Account Page
    • Bookie Page
  • Business Model
    • Businese Model
  • Legal Consideration
    • Legal Considerations
  • Roadmap
    • Introduction
    • Three Phase Rollout
  • OpenBook DAO
    • OpenBook DAO
  • Allocation of funds
    • Allocation of funds
  • Team and Project History
    • Team and Project History
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  1. Our Solution

Advantages for Bettors

The OpenBook sportsbook protocol’s composite model is intended to bring as many benefits to its users as possible. We’ve already discussed how the features of the protocol are designed to solve issues prevalent in our precursor’s models. With the OpenBook DAO on the horizon (see section 11), we feel that it’s important to delineate the advantages originally intended for Bettors:

  • Lower unnecessary charges to the Bettor cutting into their profit margins - lower vig and no taxes.

  • High bet limits that Bettors are used to enjoying at other centralized sports books.

  • Anonymity. No worries of KYC or being banned for using the OpenBook services as intended. We don’t need or want any user’s personal information.

  • Simple and familiar betting interface through and through. It’s in the Bettor’s best interest for the interface to be understandable and easy to navigate.

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Last updated 3 years ago