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BallStreet
This review will break down one of the industry’s newest and more innovative companies, BallStreet Trading (“BallStreet”) and their real-time prediction markets that are a nice complement to pre-game sports betting and a better alternative to live-betting offerings used by sports books. BallStreet has picked up a lot of momentum in the past year, quickly becoming a leader in the real-time start-up space.
By leveraging a completely peer-vs-peer format and removing the house, they are combining the best parts of sports betting, poker and DFS into live-contests for players to compete against each other during live events. For players looking to rely on skill while having total control during the game itself, BallStreet makes a compelling case to becoming a format that could change the way people watch and compete on sports.
The Basics
BallStreet came onto the scene in 2019 with beta-contests that covered just about everything you could want to live bet on; NFL, MLB, NBA, NHL, PGA, NCAAB, CFB, Soccer, Reality TV, Jeopardy, Game of Thrones, Politics, and more recently, eSports.
The contests look and feel like a sports stock market, but everyone starts on equal footing; think of a poker tournament where everyone has the same starting chip stack at the beginning of the tournament or a salary cap in DFS. In BallStreet contests, your chip stack comes in the form of a portfolio of assets; 100 shares of each team plus $2000 of virtual currency in your bank. Your goal is to buy and sell shares of each team based on the momentum swings of the game. The prices fluctuate from $0 to $100 based on supply-and-demand win probability. At the end of the event, each share of the winning team is worth $100 and shares of the losing team are worth nothing. It’s up to you to buy low and sell high in real-time and out trade everyone else in the market.
The prices are entirely based on supply-and-demand, and BallStreet’s market-making algorithm ensures limitless liquidity. If more people are buying, the price goes up. If more people are selling, the price goes down.
Think of it as the ultimate pick’em game. Since there is no sports book behind the curtain and it’s entirely peer-to-peer, there are no price suspensions and no bet delays or rejections. You have total control to change your mind by buying and selling shares of a team whenever you want. Never before have you been able to make a prediction in real-time and actually execute on it. You think the Cowboys are ready to go on a huge run? Start buying. Dak throws a terrible interception? Sell!
Contest Types
Free-to-play
BallStreet is currently running free-to-play markets for major sporting and entertainment events with real money prizes for those players who finish in the top 20% of the leaderboard. It’s a detour from the top heavy prize structures we are used to in DFS so there are certainly pros and cons to it depending on how you want to define success. With the more flat payouts, skilled players have a huge advantage to consistently be in the money and be a profitable player. As a free-to-play app, BallStreet brings in sponsors to backstop the prize pools and create unique giveaways or cash rewards. Some as high as $100. Not bad for a free-to-play game.
Paid entry
BallStreet from time to time will offer private rake-free paid contests which will pay out from 5X to 20X your buy-in. This creates the opportunity for players to truly test themselves against some of the best traders on the app. Follow their twitter @BallStreetApp for more information as these contests are announced if real money stakes interest you.
Mobile Application
The development team at BallStreet has done a great job of creating options around how and where you can find the live markets. They are available in the Apple App Store, Google Play and through a Web App for your browser on your phone or desktop.
Summary
The landscape of gaming is changing before our eyes and the future of sports betting will look very different over the next couple of years with innovative real-time experiences taking center stage. BallStreet offers a view into that new reality and is worth adding to your sports betting tool kit. The real-time markets offer a true skill-based approach for players looking for more than just a “set it and forget it” pre-game bet. Those players who adopt and adapt the quickest will be likely rewarded once they are able to be a full stop real money destination.
Make sure to download the BallStreet app
Apple App Store,
Google Play
Web App
Desktop.
Follow BallStreet!
https://www.ballstreettrading.com/
https://www.facebook.com/ballstreettrading/
https://www.youtube.com/channel/UCAUq7892Tm0PBv3alt8LK1Q
https://www.instagram.com/ballstreetapp/
https://twitter.com/BallStreetApp
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https://www.instagram.com/windaily/
https://twitter.com/windailysports
https://www.youtube.com/channel/UCY2I3VNyf_dtW-2xl5vwv0Q
https://www.twitch.tv/windailysports
https://windailysports.com/blog/
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