What is Bonanza Goal?

- Oktober 15, 2017

Goal Bonanza is a lottery game where players predict the final score of a single football game by backing at least 1 out of 10 available options. Unlike traditional bookmakers and betting exchanges that offer unattractive odds and low returns, in the Goal Bonanza lottery the size of the pot drives the potential returns. The bigger the pot is, the bigger the potential returns are. The bigger the potential returns are, the bigger the incentive to place a bet for a chance to win big profits.

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Introduction

Goal Bonanza is a self-regulating, blockchain powered football betting platform based on ERC20 token standard. It offers fresh and new football betting experience by combining lottery like crowd betting on 10 possible football game final score outcomes where the crowd drives the potential returns, unlike traditional bookmakers and betting exchanges that offer unattractive odds and low returns. The bigger the crowd the bigger are the potential returns easily reaching six figures. In simple terms, imagine $100,000+ in returns on 1$ bet by successfully predicting the final score of a football game out of 10 possible outcomes. That is Goal Bonanza and much more.

In addition to the unique game mechanics, Goal Bonanza revolutionary concept taps into basic desires and needs of users’ impulses which revolve around the idea of profits, status, achievement, competition and community collaboration. Goal Bonanza applies gamification mechanics to engage and motivate users to play in order to win rewards, badges and points, that are used to elevate their status and privileges, and to showcase their talents, expertise, and accomplishments.

Market Overview

Sports betting is a very popular type of gambling that involves predicting sports results and placing a wager on the outcome. The consolidated global sports betting market, both regulated and unregulated, is worth up to $3-trillion. Around 65 per cent of that figure is spent on football betting, with the Asian market the centre of sports gambling.

The crowd supported the home win with a high score for Barcelona and most of the stakes follow "GOAL BONANZA" and the home win score. John however, bet 5 tokens at 0: 0, 1: 1 and 2: 2, and hedges his draw prediction with 15 tokens on "GOAL BONANZA" to cover his losses if Barcalona gets rid of Levente. Here is a simulated division of bets in the game Goal Bonanza, in a soccer match with a big favorite team.

John just made a profit of $ 47,007.85 - the total bet (30 tokens) = $ 46,977.85. No traditional wager or betting exchange can match this. If the match ends with a high-scoring home win, he will return all the stakes by hedging on the bet with 15 tokens on "GOAL BONANZA" at 2.10 to 1. From a statistical perspective, Barcelona is clearly a favorite of the meeting. However, since this crowd strongly supports the most likely score, the potential returns on the results are less likely to increase exponentially and the crowd is more interested in supporting underdogs. Behavior on the other hand increases the potential for return to support the most likely outcome, Goal Bonanza.

With traditional betting exchanges, you can barely get a refund of more than 1.2 to 1 for home wins, and rise to 1.6 to 1 for "More than 3.5 goals" bets. favorite

From the opposite side, you can barely get a return of more than 5 to 1 for the draw, and up to 15 to 1 for the correct score with the traditional betting exchanges. However, in Goal Bonanza, players who support underdogs will be able to get a 6 digit draw to support underdogs. Again, unmatched proposals that can not be exchanged for traditional betting exchanges.

We strongly believe that the unique proposition of this unparalleled advantage will create an earthquake in the betting industry and create a community of great players behind Goal Bonanza. The gaming industry has lacked new ideas and Goal Bonanza will be a tornado that will disrupt the global gambling industry

Acquisition of players and gamifications

In addition to the core gaming mechanism, this platform will include a gamification component that will give players incentives to perform various actions and tasks to earn rewards. Gamification is the concept of applying game techniques and game techniques to engage and motivate people to achieve their goals.

When players engage and make predictions, they advance to the veteran level and unlock privileges, token bonuses, new account features and new game features. They win tokens, create communities and make friends, can challenge friends or other players to bet on certain games, accept challenges from friends and other players, open advanced notification systems and receive alerts when their favorite team is ready to bet. , when their biggest competitor makes a bet, receives notice at an open soccer game to wager with the highest pot and more other features. Advanced players will be able to follow the best players and follow their predictions and veteran level players will be able to participate in games with special powers with great prizes for the winners.

Players will also be able to open the referral program and get 1 token for each referred player who will reach the professional level. In this way we will create a formidable strength from Goal Bonanza supporters who will promote the game and encourage the acquisition of new players.

Gifts, Badges and Awards

Players will also be able to win badges and more tokens as rewards to complete achievements in recognition of their talent and expertise to predict the value and outcome of football matches. As players complement the more advanced achievements, the rewards will grow exponentially as well.

The desire to appear on the leader's board will encourage players to complete more achievements, push the game deeper and increase the lifetime value of the user. Players will have the option of appearing on the leader's board either anonymously or under their real avatar to compare and compete with other players, but also to collaborate, build communities around favorite football teams and challenge players from rival teams as favorite teams they choose to meet in an open soccer game for the score prediction.