The platform has a “robot” that analyzes the main betting sites around the world to try to assure the bettor a “safe” movement, in the words of the entrepreneur. He explained how his company works in an interview with Podsonhar.
Genius Bet says it uses a method it calls “arbitration”. Fred spoke of “small mathematical coincidences” that are massively analyzed in virtual betting houses to give an accurate result of the money to be placed on each guess.
According to him, a small investment cannot be expected to yield a much larger amount of money, as, in this way, there would be no way to be sure that the bet would pay off. “It is proportionate, secure, and scalable,” he said.
For the journalist, the betting market should not be seen as something bad or pejorative, but rather as an investment. The moment money is invested and reverted to a greater value, there is no way to characterize a harmful practice.
He says he encourages his customers to be aware that the amount is bet responsibly and guarantees a profit. Its objective would be to “bring financial education to the gambler.”
According to Fred, Genius Bet's analysis makes it impossible to develop a gambling addiction. The move would be so safe that when the money was invested, the player would already know that he would profit.
For entrepreneurs at the beginning of their careers, Fred gave the following message: “For those who want to undertake, don't be afraid, have courage. At times it may seem like everything is going to go wrong, and that's normal. Even so, one must proceed and pursue their goals.”
Source: Poder360
