make your price prediction.
$1.00 by next month?
$5.00 end of year?
$0.01 by next week?

you call the shots. 

This is probably not your typical response.

I would say, if you put away money to risk (lose), and if you have a sports betting SYSTEM for a particular sports, AND u have a decent money management betting system/risk mitigation system...then YES you should bet.  It's far more efficient than to get a part time job while you attend college as classes and tests and reports takes most of your time anyway.

But it does take TIME, and a lot of TIME to build a sports betting system from scratch.

For example: I personally have an NHL system I developed using old data for the past 8 years.  Last season was the first test using real cash and it's a success.  But i haven't made a CRAP ton of money yet since it was just in the testing phase.  Next season (starting this oct) will be the REAL test as I will be using "real" cash and laying it on the line.

So as you can see...it takes a season or two to test your system, which takes time that you aint getting back, so this might not be right for you. But if you got a system that you believe in and it proves to be at least DECENT, it's worth to do some system building and plan for the long term.  If a system works well enough...then you can pull in some good, decent cash (hopefully every season), and it'll help you build some cash during college.

So...TLDR:
1) Pick a sport that you at least like to watch and analyze.
2) System Build, analyze, do statistics on excel, over and over and over again. Back test, Back Test, BACK TEST!  At least 6-10 years (seasons) worth of back tests.  I get my data from the NHL website.  You can easily do the same from Google and the sporst leagues main website.
3) When you are ready to "test" you system, do it with play money, say at least $100 to $1000. something that won't ruin you, but will still get your blood and emotions pumping.  This is important because even if you did 20 years worth of back tests...when real money is on the line...it does EFFECT you.  You need to practice to get desensitized with gambling.

Good luck with anything you do!

Degens uses DAI and has no KYC and is decentralized. Fees are 0.5% on winning bets.

Degens, The Blockchain Sports Betting Exchange, has been listed on CoinMarketCap!

NBA BETTING IS BACK! https://degens.com/?sport=Basketball

Degens, the Blockchain Betting Exchange.

$DEGENS token is how listed on Nomics - https://nomics.com/assets/DEGENS-Degens-Token?utm_source=twitter&utm_medium=bot&utm_campaign=new_asset&utm_content=degens&d=1607184341

Good idea! You all if interested can check out the Degens AMM thread below to continue conversation on non custodial betting exchanges that are built on the blockchain using smart contracts that don't any form of require KYC - https://bitcointalk.org/index.php?topic=5222499.0

Decentralized sports betting exchanges tend to have a lengthy audit of their smart contract which costs $20,000+ - Here is Degens' audit
 https://certificate.quantstamp.com/full/degens

Also note that all source code for Degens is 100% open source and readable by all - https://github.com/degensprotocol

That said, I also agree that Fairlay is very safe due to the fact that they've been in operation for so many years, and them stealing funds would be incredibly shortsighted compared to the long term value of their business.

This topic has been moved to https://bitcointalk.org/index.php?board=238.0.

[DEGENS Sports Betting Exchange AIRDROP!]

I assume they ran out of money. Check out https://Degens.com for the first no KYC sports betting exchange using DAI with the industry's loweset fees.

I'd total agree that BTC is the King for now and the foreseeable future. Obviously our platform cannot use BTC as it doesn't support smart contracts which are necessary to run a non custodial sports betting platform.

Though interesting there are BTC coins wrapped on ethereum which could work but I haven't looked into them and they are probably too complex, or not sufficiently decentralized.

Degens is P2P as well and there are no gas costs if you enter your own odds. Gas costs are only for the makers. However there is a gas cost to claim your winnings which currently is around $1 which is crazy as gas costs used to be a few pennies!

Yes, I agree we'll need to way for 2nd layer technologies to flourish before this niche space explodes. With the current solution in place on ethereum, it's not possible to bet in the middle of the game due to gas latency which is unacceptable. This isn't a problem on a centralized site like Fairlay though.

Yes, totally agreed. A lot of the ethereum smart contract based sports betting systems are moving to a L2 ("Level 2") solution which will cut fees by 90%. Expect that early next year.  You can check Poly.market which uses a L2 called Matic which has no fees. Though it's not particularly well suited to sports betting.

Also ETHv2 seeks to solve the issue with fees as well, though I'm not sure on the ETA there.

Keep watching this space though, it moves quickly!

Good luck!

Degens also has a big disadvantage over Fairlay. On Degens, for each taker bet, you need to pay a gas cost which could be pennies or dollars. And you must wait for the tx to complete before the trade is completed. Most of our active users have paid $100+ in gas in their lifetimes.

Also if you win a bet, you must also 'claim' your winnings which has another gas cost associated with it.

Also I believe Fairlay has lower costs than the 0.5% commission that Degens trades on winning bets.

So the only people who may consider leaving Fairlay to join Degens are those that don't want their funds in some guy's custody, don't want to do KYC, or who live in countries that are geographically blocked. For 99% of users, I'd suggest they just stick with Fairlay as they have been around forever with zero reported issues and have the lowest fees on the planet if I'm not mistaken.

If you place a bet for a zillion dollars and it is graded incorrectly, the counterparty who is not us would receive the funds.

Hence the importance of grading correctly as we have no ability to unwind positions or 'halt' someone's account, since no user even has an account on the Degens.com platform.

And yes, if the multisig $degens traders were to collude and grade incorrectly, this would cause problems the way the system is designed which you've outlined.

To prevent this, in the coming weeks a random sample of anonymous $degens tokens holders will grade each match as well as deposit a large amount of funds into an escrow. This escrow would then be used to pay off the correct participant, and the $degens holders would be monetarily penalized to minimize any incentive to so. 

So naturally, bet limits would have to be put in place to match the size of the escrow. Currently the Trump market is $300K

To conclude, great points you've brought up and we will be sure to speak to them in detail as to how we will remedy them in our upcoming Medium article that is coming soon.

Thanks for the great insight!

If you own $DEGENS, please upvote this to get added to Zapper.fi https://features.zapper.fi/token-requests/p/please-add-degens-balancer-pool

In the event everyone gets hit by a bus, this is how you'd access your funds - https://degens.medium.com/interacting-with-a-smart-contract-when-its-dapp-is-down-fcfd63d7792f though I need to update that to reflect our change of branding from SportCrypt to Degens.

A bunch of APIs and $DEGENS token holders currently grade in a similar model to REP. We will release a document soon on how you can stake your $degens and get paid to participate in grading where you would be penalized for an incorrect grade.

If you want to sell your $DEGENS tokens that you received in the airdrop, this pool has the most liquidity - https://pools.balancer.exchange/#/pool/0x05c04d16da1a7efd6d6768a3f0e609c09f99710b/shares

Take care!

No not at all.

Using Degens has a higher learning curve for BTC dudes, as it requires learning what Metamask is/does. It requires using a DEX such as uniswap to convert ETH to DAI. It requires understanding a Betfair-like interface with back/lays bets. It requires understanding the concept of gas, and why it can be high/low at any given point.

Compare this to telling a person to send BTC to nitrogen.eu and place a bet at a familiar sportsbook interface.

So unless the user was already very familiar with the ethereum space, I'd recommend they use nitrogen or fairlay to be honest due to the high learning curve.

Yes, we tend to target people that are already familiar with the ethereum ecosystem, and don't target BTC betting people as ethereum has a higher learning curve. Most people just want to bet with what they are familiar with, BTC, and not learn a new process which totally makes sense.

Give it a few years, and I suspect most bettors will be betting on non custodial smart contract platforms based on ethereum or a competing blockchain, none of which will require KYC.

Degens.com AMM - https://bitcointalk.org/index.php?topic=5222499.0

$DEGENS token airdrop info - https://degens.medium.com/degens-token-airdrop-34a6f6d4075b

Degens roadmap - https://degens.medium.com/

Note this airdrop is only for users who have used Degens in the past. There will likely be a similar airdrop for future users in the near future.

$DEGENS is trading around $2.20 and can be bought/sold on balanacer.