Blockchain Might Just Be Heaven-Sent for Betting

Blockchain paves the way for smart or self-executing contracts, which are converted to computer code, then stored on the system and replicated across an entire network of computers. A bet placed on blockchain can be worked into this sort of contract such that it is executed automatically and immediately. This sort of bet cannot be altered, denied, or lost. So, a $100 bet with a payout of $100,000 is exactly that: a $100 bet with a payout of $100,000.

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