Company Performance Metrics
Betpool is a social gaming platform. It is a modern day take on ‘Parimutuel betting’ (invented in 1867) where all bets on an event are placed together in a pool.
It is different from traditional betting sites and exchanges, in that users add funds to a communal pool for bets on the outcome of any sport, cultural or political event. Once the event
is concluded, the pool is dispersed amongst the winners. This format has no centralized exchange, market maker or liquidity concerns
Each event has its own respective pool and winnings are affected by how many people bet, how much they bet, and who and what they bet on. All of these elements affect the share of winnings (the less users backing the same result, the more money is won).
Removing the need for a middleman or complicated odds systems, users simply make their pick, add to the pool and the winners takes it all.
