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Introduction
Goal Bonanza is a self-regulated, decentralized, blockchain powered football betting platform based on ethereum ERC20. It offers unparalleled, fresh and new experience by combining lottery like crowd betting on 10 possible football outcomes where the crowd drives the potential winnings which are practically unlimited, unlike with traditional betting and betting exchanges that offer unattractive odds and low returns.
It is a revolutionary concept that taps into basic desires and needs of the people’s impulses which revolve around the idea of status, achievement, competition, recognition and profits.. Goal Bonanza applies gamification mechanics to engage and motivate users to play in order to win rewards, badges and points. As users play the game they elevate their status and showcase their talents, expertise, and accomplishments to the community
Build on ethereum platform and adopting ethereum as the underlying currency for deposits, betting and withdrawals, Goal Bonanza will significantly contribute to the crypto-community and the ethereum platform and its owners by increasing the demand for ethereum thus increasing its value and adoption in the mainstream ecosystem.
Unlike traditional betting where you wager against predetermined odds, Goal Bonanza mechanism is a dynamic model where the distribution of wagerson a football game determine the potential winnings that are not limited. This means that you can get unrivaled returns far greater than what any traditional betting model on the market offers today.
Market Overview
Sports betting is a very popular type of gambling that involves predicting sports results and placing a wager on the outcome. 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 centre of sports gambling.
$3-trillion
$1-billion
$80-billion
$17
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 one billion euros 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% increased 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 (up from 18% in 2012) and representing around 5% of total gambling. This trend is driven by growth in smartphone and tablet penetration, increased device capability and the confidence of users.
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.
What is Goal Bonanza
Goal Bonanza is not a classic football betting game. In its core, it is a lottery where the players predict the correct score of a single football game by backing at least 1 out of 10 possible game score outcomes, The lottery mechanics that boosts unlimited payouts is what makes Goal Bonanza a unique proposition. 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. Goal Bonanza is a simple 1-from-10 lottery where the player choses 1 final score outcome where the chance of being a winner is 1 in 10.
- Players wager on a single football game.
- Bets are accepted until the start of the match.
- The starting pot for every game is 10 tokens.
- 1 game token is worth $1 with ethereum as the underlying token.
- Players can wager a minimum of 1 token on at least one of the available outcomes as displayed in the table.
- Goal Bonanza is an outcome where either team scores 3 or more goals.
- The pot is shared between players that succesfully predicted the game outcome. For example, if there is a total of 100,000 tokens wagered on a game, out of which 8 tokens are wagered on a scoreless draw, if the game ends with a 0-0 final score, the players that wagered those 8 tokens will split the winnings proportionally. This means that every winning token will generate a return of 12,500 tokens or $12,500
Goal Bonanza Mechanics
EXAMPLE
Barcelona is a big favorite hosting Levante in the 8th round of Primera Division at Nou Kamp . The average odds for a home win are 1.20, with 11.00 for an away win and 5.00 for a draw. Levante is in a goalless drought in the 4 last games, and John beleives Levante might be able to snitch a low scoring draw from Barcelona.
The crowd is backing a high scoring home win for Barcelona and most of the wagers go on “GOAL BONANZA” and home win game scores. John however, wagers 5 tokens on 0:0, 1:1 and 2:2, and hedged his draw prediction with 15 tokens on “GOAL BONANZA” to cover his losses if Barcalona trashes Levente. Below is a simulation of the distribution of wagers in Goal Bonanza game, in a football game with a huge favorite.
John just made profit of $47,007.85 - total wager (30 tokens) = $46,977.85. No traditional bookmaker or betting exchange could match this. If the game ended up with a high scoring home win, he would of return all his wager by hedging his bet with 15 tokens on “GOAL BONANZA” at 2.10 to 1. From statistical perspective, Barcelona was clearly the favorite in the encounter. However, as the crowd is heavily backing the most probable score, the potential returns on the less probable outcomes are exponentially growing and the crowd is more keen to back an underdog. This behavior on the flip side increases the potential returns for backing the most probable outcome, Goal Bonanza.
With traditional bookmakers and betting exchanges, you can hardly get a return more than 1.2 to 1 for a home win bet, and up to 1.6 to 1 for an "Over 3.5 goals" bet." What Goal Bonanza will offer is unrivaled returns when backing a favorite.
From the opposite side, you can hardly get a return more than 5 to 1 for a draw, and up to 15 to 1 for a correct score draw bet with traditional bookmakers and betting exchanges. in Goal Bonanza however, players backing underdogs will be able to get 6-figure returns for backing an underdog. Again, unrivaled proposal that no traditional bookmaker or betting exchange can match.
We strongly believe that this unique proposition of unrivaled returns will create an earthquake in the betting industry and create big community of players behind Goal Bonanza. The gaming industry has been lacking fresh new ideas and Goal Bonanza will be the tornado that will disrupt the global betting industry
Players Acquisition and Gamification
In addition to the core gaming mechanism, the platform will include a gamification component that will incentivize players to perform different actions and tasks in order to get awards. Gamification is the concept of applying game mechanics and game design techniques to engage and motivate people to achieve their goals.
This concept taps into the basic desires and needs of the user’s impulses which revolve around the idea of Status and Achievement. Gamification techniques strive to leverage people's natural desires for Competition, Achievement, Status, Altruism, Community Collaboration, and many more. One common technique of Gamification is to increase engagement by rewarding users who accomplish desired tasks. Rewards such as Badges and Points are used to elevate Status by showcasing the talents, expertise, and accomplishments of users.
As players engage and make predictions, they advance up to Veteran level and unlock privileges, token bonuses, new account features and new game features. They win tokens, create communities and make friends, can challenge their friends or other players to make a bet on a specific game, receive challenges from friends and other players, unlock an advanced notification system and receive alerts when their favorite team is available for betting, when their biggest competitor made a bet, receive notifications on the football games open for betting with the highest pot and many more features. Advanced players will be able to follow the best punters and follow their predictions and veteran level players will be able to participate in special power-play games with a big bounty for the winners.
Players will also be able to unlock the referral program and earn 1 token for every referred player that will reach professional level. This way we will create a formidable force of Goal Bonanza advocates that will promote the game and drive acquisition of new players.
Players Acquisition and Gamification
In addition to the core gaming mechanism, the platform will include a gamification component that will incentivize players to perform different actions and tasks in order to get awards. Gamification is the concept of applying game mechanics and game design techniques to engage and motivate people to achieve their goals.
This concept taps into the basic desires and needs of the user’s impulses which revolve around the idea of Status and Achievement. Gamification techniques strive to leverage people's natural desires for Competition, Achievement, Status, Altruism, Community Collaboration, and many more. One common technique of Gamification is to increase engagement by rewarding users who accomplish desired tasks. Rewards such as Badges and Points are used to elevate Status by showcasing the talents, expertise, and accomplishments of users.
As players engage and make predictions, they advance up to Veteran level and unlock privileges, token bonuses, new account features and new game features. They win tokens, create communities and make friends, can challenge their friends or other players to make a bet on a specific game, receive challenges from friends and other players, unlock an advanced notification system and receive alerts when their favorite team is available for betting, when their biggest competitor made a bet, receive notifications on the football games open for betting with the highest pot and many more features. Advanced players will be able to follow the best punters and follow their predictions and veteran level players will be able to participate in special power-play games with a big bounty for the winners.
Players will also be able to unlock the referral program and earn 1 token for every referred player that will reach professional level. This way we will create a formidable force of Goal Bonanza advocates that will promote the game and drive acquisition of new players.
Players will also be able to win badges and more tokens as reward for completing different achievements as recognition for their talents and expertise to predict football matches scores and outcomes.
Meet our team
Veljko Ristic
Founder
Jon Santillan
CTO
Srdjan Erceg
Advisor
Aleksandar Birovljev
Advisor
Our Partners
Huge Media
Digital Creative Partner
Searchfuse Marketing
Digital Marketing Partner
Optima Gaming
Industry Partner
Mountain Partners
Venture Builder
Pre ICO
Our goal for the preICO is to attract 2000 ETH to market the subsequent ICO campaign, and the initial distribution of our currency, Goal Bonanza. We have our own funds and means of promotion, but if we want a full-fledged, large ICO to increase Goal Bonanza value, we certainly need some extra funds. We have found professional executors to promote our platform in Serbia, the China, Russia, and some other countries.
Besides that, some of these funds will be used to enlarge the development team and implement all the necessary features that we have planned for the ICO. We want to do all most important things before the ICO, including the reception of fiat money, which can have a very good impact on the subsequent campaign, but such solutions require significant costs, both technical and legal.
Why Goal Bonanza Token Now
We have made an approximate forecast of an increase in GOAL value. According to our plan, it will happen because the GOAL price is now only 0.000166667 ETH. The post-ICO price will be twice as high, with one GOAL equal to 0.0005 ETH.
Token Usage
Goal Bonanza will supply 800M million token which will be distributed in the crowdsale. The preGOAL tokens will be available in a public pre-ico starting on 1st of October, with a minimum investment goal of $1,000,000 and a maximum investment cap of 50,000 ETH. All funds raised will be held in a multi-sig wallet held by team council. Our team are fully devoted to the project and take great passion in participating sports betting industry. That's why all tokens, allocated to Founders (10%) and Advisors (5%)will be held in multi-sig wallets and reverse vested for 24 months with monthly cliffs. Because all our tokens are pre-mined, we've also set aside a portion of tokens for future partnerships (5%). One of the main purposes of the goalbonanza token is enabling the growth of the service, which is why 5% of tokens will be allocated to a bounty pool intended to reward community efforts.
Rewards and Discounts
We offer a bonus system that depends on what reward you purchase. After you deposit a specific amount, you will automatically receive the best reward available for those funds. For example, if there is a reward for 500 ETH, then you will receive it after you deposit 500 or more ETH, but if you deposit 499 ETH, you will receive the lower tier reward. Extra bonuses during this preICO: