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What is Peer to Peer Betting?

December 4, 2020 Laura

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Why play a game alone if you can have more fun by others joining in?

That is one of the main reasons why peer to peer betting is so popular, since it’s a more social approach to placing bets.

Is this a type of betting you can really get into? Here’s some of what you can expect.

It’s All Virtual

With peer to peer betting you don’t have to venture out to a casino in order to place your bet. All you need is to register on a P2P betting platform. This can even be an app you download onto your mobile device.

Via the P2P betting platform, you’re betting against other individuals. These can be your friends or total strangers who are also using the platform. You can connect with them online, so you’re enjoying all of this from your home or while you’re on the go.

Betting on Sports

Ultimately, whether you win or lose will depend on which sports team wins a game. With each bet, you make a bet on whether a certain team will win or lose. This requires some insight into sports games, the quality of players and how well a certain team is performing during a specific season. If you really want to win some money, you can’t simply bet on your favorite team to win all the time.

On a peer to peer platform, the app gathers all the information on a variety of sports games that are being played each day. You can pick a sport of your choosing, or the sport you think will be most profitable, and then you’ll place a bet on what you think the outcome of a specific game will be.

The app provides you with all the details such as the teams playing each other that day, so without doing any research, you’ll be placing a bet in just a few clicks.

Betting Against Other Players

So, yes, you’re betting on sports, but this is a unique way of betting on a game. You don’t necessarily only win when your team wins. You place a bet against another player—a peer—and his or her bet. There can also be multiple people placing bets on the same game. So, you’re not betting against the house but other players. All players place their bets and winners get losers’ money.

The exciting aspect of this approach is that you can bet against complete strangers, without a risk of not being paid the winnings due to you. When you commit a certain amount to the bet it will automatically be sent to the winner’s wallet when the game’s outcome has been determined. The platform monitors outcomes and manages the money, so it’s an effortless process for all players, while also offering security since you’re guaranteed your winnings, even if you don’t know the other party.

The fact that you can manage your betting via your computer or mobile means you can place bets just before a game starts, no matter where you are at that stage. If a friend wants you to join in on a game simply log in and place your bet.

You can also send a proposition of a bet directly to a player, but in that case he or she can decide to accept or refuse it.

[Conclusion]

See why it’s time to join one of the popular platforms like Matchbets to start your peer to peer betting experiences? You can learn a new skill, have fun and even make new friends on a digital platform, all while in the comfort of your home.

 

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Hi! I’m Laura and here at The Task Lab we are all about organization, productivity, technology and budgeting. We want to provide you with tools to enhance your daily life, with as little effort as possible. A lot of this has to do with building new habits, which we will talk about a lot.

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Hi! I’m Laura and here at The Task Lab we are all about organization, productivity, technology and budgeting. We want to provide you with tools to enhance your daily life, with as little effort as possible. A lot of this has to do with building new habits, which we will talk about a lot. Read More…

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