There is a thriving industry around sports betting, with sports tipsters selling their expertise to gamblers. This has created a market worth a whopping $148,8 billion. However, this world is often surrounded by a lack of transparency. Many gamblers feel insecure about the reliability of the tips offered, and that is exactly where I see a solution.
Billy Bets, an advanced AI agent, aims to turn this traditional model on its head. By implementing blockchain technology, any user can see exactly how the AI tipster is performing: both win and loss results are transparent and accessible. This gives bettors the chance to understand the thinking behind the tips, which is unique in the world of sports betting. The promising setup recently led to a $1 million pre-seed funding round, with investors from various quarters, including not only well-known companies but also sports icons such as basketball player Serge Ibaka.
Billy Bets has his own social media profile, a Solana token and a portfolio of approximately $48.500, which is staked through various online crypto based sports betting and prediction markets. With the Billy Terminal open beta coming up, it will be easier for users to follow the AI agent's tips. Later, it will even be possible to place bets from a personal wallet to invest without the intervention of third parties.
The AI agent uses a combination of sophisticated models to perform its analysis. These smart techniques allow Billy Bets to conduct in-depth research based on a framework established by his team, which is continuously optimized. All in all, Billy has achieved some significant victories, such as correctly predicting the winner of the Kentucky Derby and reaching the final eight of the March Madness tournament.
Billy has a continuous view of all bets placed on events, thanks to the transparency that blockchain provides. This allows the AI agent to respond to fluctuations in the odds and potentially buy or sell parts of a position if the value is lucrative elsewhere. This dynamic ability is a major advantage over traditional sportsbook providers, which are often rigid and limited in their options.
However, Billy doesn’t win every bet. With an 82% return on golf betting, the situation looks brighter than with NBA and MLB betting, where the ROI is -6% and -4% respectively. As a result, the total portfolio currently stands at -3,71%. For comparison, the best professional sports handicappers achieve an ROI of only 2,29%.
Conclusion? The transparency on the blockchain allows users to track the returns on Billy’s bets in real time, providing unprecedented legitimacy where the traditional system often falls short.
How does the Billy Terminal work?
The Billy Terminal allows users to view the AI agent’s win rate and interact with the tips. They can also place bets via various on-chain sportsbooks.
What is the advantage of an AI tipster like Billy?
Billy Bets can track and analyze every bet, which traditional sportsbook providers cannot. This provides deeper market analysis and the ability to respond to real-time changes in the odds.
What are the future plans for the BILLY token?
Holders of the BILLY token will soon have access to an automated betting bot, allowing them to bet according to Billy's strategies across various sportsbooks.