Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Bitcoin faucet platform FreeBitco.in has launched a betting system for Game of Thrones that will reward winners in Bitcoin.
Predict the Final Outcome on Game of Thrones
FreeBitco.in has launched a new betting feature on its website with a few events already listed. One of such events is based on Game of Thrones, the hit TV show from HBO.
Platform users can predict who will sit on the Iron Throne of Westeros at the end of the eighth and final season of the show which is currently airing.
The betting pool for Game of Thrones employs a time-weighted multiplier system which means that the rewards decrease as time progresses. This feature also encourages the early placement of bets.
Users who place wagers earlier will receive a larger share of the final price pool which grows with each bet placement.
So far, bets on Jon Snow winning the Iron Throne and ruling the Seven Kingdoms leads the way with about 45 percent of wagers placed. Other options include Tyrion Lannister, Daenerys Targaryen, and Bran Stark, among others.
An excerpt from the website explaining the rules of the game reads:
In case there is no winner, or somebody other than the characters listed wins the Iron Throne, âUnknownâ will win the bet. If more than one person shares the Iron Throne, the prize money will be divided equally between users betting on the winning outcomes.
As at press time, âUnknownâ is the second most popular choice, with 20 percent of all bets placed. The total prize pool has also already crossed the 1.5 BTC mark ($7,900) with the multiplier at a little over 73x.
Bitcoin Betting Pools
Apart from Game of Thrones, the platform has also launched some other betting pools for events like the UEFA Champions League, the 2019 ICC Cricket World Cup, and the end-of-year Bitcoin price 00.
Each pool utilizes the same time-weighted multiplier system with early wagers standing the chance to win more BTC. The UEFA Champions League pool is the most popular, narrowly beating the Game of Thrones pool.
The platform which reportedly has about 18.7 million registered users seems to be establishing creative ways to get people to place wagers with their BTC.
Bitcoin faucets continue to be a popular way for people to earn BTC for free either by playing a variety of games or via referral programs.
Do you think Huatie HengAn was secretly mining cryptocurrencies under the guise of could computing? Let us know your thoughts in the comments below.
Images via Freebitco.in, Shutterstock
Publication date
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.