Traditional ways of online betting are expensive to both the sports book and its users. The user gives up control and flexibility while accepting a lot more risk than that of just losing a bet. Players are forced to trust centralized sports books which are subject to government interference, fraud and hacking due to a centralized single point of failure. This all contributes to the negative stigma that surrounds online betting.
Running on the Ethereum Virtual Machine, meVu’s open-source smart contract creates a secured escrow that is publicly viewable. This allows players to follow their Ethereum cryptocurrency “ETH” throughout every step of the betting process.