luckyluck: MARGINLESS '' SPORT EXPERIENCES

MARKET OPPORTUNITY

Sports betting market, in general, is massive. According to different reports, there are over a trillion USD worth of bets placed annually. In 2016 alone, legal sports betting profits are estimated to be at over 70 billion dollars and this figureure is set to reach 90 billion dollars this year. Different kinds of ICO s (Initial Coin Offerings) are bringing worldwide competition to the betting market, leaving regular gambling organizations in a fear of losing clients. We, at Marginless, believe that blockchain and cryptocurrency is ideal for betting. Having all of that in mind, here are some of the main facts about betting and its growth throughout the years

Sports betting has become the fastest growing market segment within gambling worldwide, and now dominates, accounting for nearly half of the total online market. A fifth of sports betting takes place via mobile, and this is expected to reach 45 percent by 2018. Also, a study, which was conducted by ESPN and the Norwalk research firm Markitecture in 2012, found that 50% of all Americans aged 16 and older have placed a bet within 12 month period.

WHY BLOCKCHAIN?

With the use of blockchain, cryptocurrency provides the speed and anonymity that has made cryptocurrency ideal for people looking to wager safely and has given sports gamblers an alternative to traditional online books. The speed of cryptocurrency transactions makes using cryptocurrency sportsbooks a much safer option to everyone than traditional sportsbooks. You can deposit, wager, withdraw, and have your money back in an immediate control.

While using the Blockchain, your transactions are fast and cheap, it will reduce high fees and will also ensure high levels of international liquidity. Blockchain-based system is universal and ideal for any country, so there is no need in modifying the program for every region or in adopting specific payment methods. Use of a decentralized system eliminates the risk of fraud on the part of sportsbooks, the risk for an account getting blocked and problems with withdrawing funds for regular bettors. Also, blockchain highly reduces the costs of the infrastructure. Because of that, more funds can be used for the project’s development.

MARGINLESS SOLUTIONS TO CURRENT INDUSTRY PROBLEMS

PROBLEM #1 - UNFAIR ODDS

One of the biggest problems that current bettors face is unfair odds. This is one of the main reasons why most of regular bettors are struggling to become profitable. The fear of regularly losing against bettors while also being regulated, charged and extra taxed by governments, forces regular sports books to charge up to 8.5% margin on all placed bets. For example, the biggest bookmakers in the world offers odds of 1.83 (on most markets) for selections they see as a coinflip. With these odds the bettor, in order to become or stay profitable, has to win at least 54,64% of bets placed. Additionally, those bettors, who manage to beat these unfair margins, are being taxed by governments.

MARGINLESS SOLUTION

Due to the fact that Marginless is operating as a peer-to-peer betting operator and does not require huge risk management or a full traders team, bettors will have a possibility to place bets with an industry leading 1% that will be charged from those who won only! For example, Golden State Warriors are playing against Cleveland Cavaliers. Player A places a bet of 100 MRS on Golden State Warriors for their win at the odds of 2.00 and the bettor is being matched against a Player B, who is betting 100 MRS on Cleveland Cavaliers at the odds of 2.00. Whichever team wins, the winner gets 198 MRS in return.

PROBLEM #2 - LIMITATIONS FOR WINNING PLAYERS

One of the biggest problems that comes in every profitable bettors way is betting companies not allowing to place full stakes when they can see that player is constantly winning. Even though most of the betting companies are claiming that winners are welcomed there, truth is that most of the time only losing players are really welcomed. Possibility for the bookmakers to regulate your betting can be disguised by different terms and conditions

MARGINLESS SOLUTION

This problem is nonexistent at Marginless. Winners are truly welcomed here. Even more - Marginless will encourage winning players to not only reach profit for themselves, but also share their profitable strategies and insights with other users. Bettors will be rewarded with monthly Jackpot raffle tickets for not only being active, but for reaching different betting goals also, such as winning streaks

PROBLEM #3 - LACK OF TRANSPARENCY

Most of the time, bookmakers leave possibilities to change your betting selections, void your winning bets or decline your payouts. Bookmakers can void your winning bet due to a spelling error, incorrect odds or for various other different reasons and, in most cases, there won’t be anything you can do to get your winnings back

MARGINLESS SOLUTION

No more worries about the bookmakers paying out your winnings. Marginless offers the users to bet on events and celebrate winnings exactly after the finish of the event you have wagered on.

BETTING EXCHANGE PLATFORM

Marginless will operate as a betting exchange platform. Platform users will be able to place bets on offered markets with their selected odds or oppose open bets from other users.

After a bet is placed on offered market, Marginless tokens will be reserved from the users wallet until the bet is accepted by another user. The bet can be accepted by several users part-by-part or by single user for full stake, which makes the wager automatically become a Face to Face bet. When the bet is accepted, full or part stake, the specified, amount of tokens will be deducted from your and opposing user (-s) wallet with the help of contracts and paid out accordingly after the official result of the match is confirmed on the platform

You can cancel your bet or adjust it at any time until the bet is officially accepted. If the bet is not accepted until the start of the event -reservation of tokens will be stopped and the tokens will become usable again just after the event has started. If only one part of your bet is opposed, for example, let’s say you stake 100 MRS (Marginless tokens) and someone opposes for only 10 MRS, the remaining part will come back to your wallet when the match has officially started

For example: Let’s say you want to place a bet worth 100 MRS on Bitcoin to reach next all-time-high before July 2018 at odds of 2.00. All you need to do is to go to the selected market screen, select your pick, write in your odds and the preferred amount of tokens. The 100 MRS will be reserved from your wallet and the bet will be placed on the betting exchange where other users will be able to see it as available to lay against. If the opposing bet is placed for exactly 100 MRS - tokens from both users wallets will be locked by a contract and you will be both placed in to a FACE TO FACE betting interface.

FACE TO FACE BETTING

Have you ever made a bet against your friend and heard that your handshake agreement was official enough to get your winnings, after you clearly won the bet?

Well, you will never have to be in this same situation again. Marginless is proudly presenting unique feature - Face to Face betting, where everyone can be challenged! Face To Face betting allows clashing users with different opinions to bet directly against each other. You can send a bet offer to other users with a few simple clicks and after the bet was accepted by another user - placed bets will be locked using contracts are both of you will be placed into a Face to Face betting interface

In this interface you will be able to chat with each other by using our unique, betting related material. You can also offer your opponent to increase the stake or split the pot at any given time.

After the event is finished, Marginless platform and the blockchain will ensure that the winner gets his/her winnings instantly

TOKEN AND TOKEN SALE INFORMATION

APR 10 - APR 11

-29% Pre-ICO* 1 MRS = 0.000077 ETH

APR 11 - APR 15

-25% 1 MRS = 0.000080 ETH

APR 15 - APR 30

20% 1 MRS = 0.000083 ETH

APR 30 - MAY 14

-10% 1 MRS = 0.000091 ETH

MAY 14 - MAY 31

-10% 1 MRS = 0.0001 ETH