554 sats \ 1 reply \ @gpvansat 22 Jul 2023 \ on: Who Wants To Build Sports Betting on Lightning? bitcoin
My idea:
I went to a party last year where we would all be betting on the outcomes of various fighting matchups on N64's (classic) Super Smash Bros.
The game allows you to select up to 4 CPUs to compete against each other on a randomly selected battlefield. We placed bets (1) once the CPUs were picked and (2) after the battlefield was randomly selected.
For anyone who has played this game before, you will know that different players have different advantages, especially depending on the battlefield that is selected.
It ended up being really fun and addictive. People were screaming and some of the matches were extremely entertaining and dramatic.
It wasn't as easy to predict the winner as you might expect. I also think it's elegant how vast the amount of permutations are for potential character matchups on different battlefields.
I immediately thought that the internet would probably love this, especially since this game is such a classic. I thought doing so on lightning would be even better.
I just want to see this happen. Happy to help out.
I became somewhat obsessed with this idea about a year ago. I wouldn't be of help on the technical side of things, but I have ideas and some sense of the market.
This idea of online sports betting with lightning fits reasonably under the umbrella of online gaming and eSports - especially "real money games" (RMGs).
An RMG is any online "game" (ie. Card games, betting, etc.) where participants contribute time and money in hopes of a greater ROI. Apparently, around last year RMGs captured nearly 50% of the online gaming market in India, mainly through online card games.
I summarized the following article for the Alby team (and added my own points) about lightning gaming, and it's future:
Here is a doc of my summary:
In the doc, I contend that, "Lightning can expand the potential for RMG by reducing the friction of payment flows"
Pretty straightforward.
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