Goal Bonanza - Disruptor of the Football Betting Industry

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.

What is Goal Bonanza

In a simple 6-from-49 lottery, a player chooses six numbers from 1 to 49. If all six numbers on the player's ticket match those produced in the official drawing then the player is a jackpot winner. For such a lottery, the chance of being a winner is 1 in 13,983,816. Our main challenge was to design a model with a total of 10 available game score outcomes where there will be at least one winner in every football game available for betting. From statistical perspective and in practice, a football game has significantly more than 10 possible outcomes as displayed in the table on the right.

In the table provided above, you can see a matrix with historical data from all football game scores in

the top 4 English leagues in the last 126 years. In 66.1% of the total games played, neither team scored more than 2 goals. This accounts for a total of 9 outcomes. From statistical perspective, in 33.9% of the games played, at least one team scored 3 or more goals. All though not impossible, it would be very hard to predict the final game score out of 49 options. We decided to improve the odds and simply bundled those 33.9% in “Goal Bonanza” as the 10th outcome in our model.

Introduction

Sports betting is a very popular type of gambling that involves predicting sports results and placing a wager on the outcome. It has become the fastest growing market segment within gambling worldwide, and now dominates, accounting for nearly half of the total online betting market.

A fifth of sports betting takes place via mobile, and this is expected to reach 45 per cent by 2018. The consolidated global sports betting market, both regulated and unregulated, is worth up to $3-trillion. Around 65 per cent of that figure is spent on football betting, with the Asian market the center of sports gambling. The Chinese, Indian and Southeast Asian markets, where betting is largely illegal, have been identified as the principal operational jurisdictions for unregulated bookmakers. In China, where up to 1$-billion dollars can be gambled on a single game of football, the ratio of legal bets to illegal bets is 1:10.

The global licensed and regulated gambling market (all products including: betting, poker, casino, bingo, gaming machines and lotteries) is forecast to reach $533 billion in 2017. That is a 47% increase from the $363 billion market figure in 2007. The gross gambling yield* (GGY) of the licensed and regulated global football betting market is expected to reach $80 billion in 2017. The gross gambling yield (GGY) from the global mobile device betting market is expected to generate an increasing share of all interactive gambling reaching nearly 44% by 2018 and representing around 5% of total gambling. This trend is driven by growth in smartphone and tablet penetration.

As mobile gambling is exponentially growing, the average mobile gambling spend per adult in the European Union (EU) is expected to grow from just over $1 in 2010 to over $17 by 2018.

Key industry figures

Goal Bonanza prototypes

Tokens distribution and allocation of funds

Goal Bonanza will issue 1,000,000,000 GOAL tokens which will be distributed in the crowdsale. We are doing a pre sale to raise funds that will be used to fund the ICO campaign and the initial distribution of our currency. We have already invested our own funds for an market research and product benchmarking, for development of a 3-year business plan and for UI/UX development. We have developed a proof of concept, and now starting preparations to launch a full-fledged ICO.

We are in the process of creating a team of Marketing & PR professionals that will promote our product in key markets like Russia, China, India, Japan, South Korea and other major markets. Part of the funds raised from the pre sale will be used to setup the infrastructure, expand the development team and implement additional features and marketing tools to ensure a successful ICO.