Decentralized Odds Setting: Traditional betting odds are centralized, often favoring the house. BetZone disrupts this by introducing DAOdds, a decentralized mechanism where community members can influence and vote on odds, making it fair and community-driven. Users participate in voting pools where they propose odds based on real-time analytics, market sentiment, and expert insights.
Community-Weighted Odds: DAOdds uses a weighted model that factors in user expertise, prediction accuracy, and historical performance to give more weight to predictions from proven bettors. This structure rewards skilled predictors and adjusts odds based on collective sentiment, making the platform more equitable and less susceptible to individual manipulation.
Incentivized Voting for Accurate Odds: Users who vote on odds are rewarded if the proposed odds reflect accurate results, incentivizing users to propose realistic odds. By voting, users earn a portion of fees generated by bets placed under those odds, creating an economic incentive for fair, accurate odds that balance community-driven perspectives with statistical validity.