🤷‍♂️Traditional Bookmakers vs WITB

Aspect	Traditional Bookmakers	Whale in the Box
Control and Influence	Operate the bets, and have control and influence over the odds and payouts.	We do not create, propose or offer to enter into Predictions. We do not set the parameters of any given Prediction. We have no control or influence over the Outcomes in relation to a Prediction. You own your Prediction by using the Code of our smart-contracts. The intervention of an AI reduces the risks of cheating, unfairness or bias.
Transparency	Users must trust the bookmaker to provide accurate and fair odds and results.	On-chain data is available and verifiable on the blockchain, ensuring transparency. Users can see how decisions are made and verify Outcomes themselves.
Autonomy and Independence	Operate centrally, controlling all aspects of the betting process, including managing funds and determining payouts.	Our immutable smart-contracts function autonomously on the blockchain.
User Interaction	Users place bets through a centralized platform, relying on the bookmaker to manage their funds and process payouts.	Users interact directly with the smart-contracts, choosing whether to input real tokens like ETH or free tokens like KRILL for their Predictions. All interactions are decentralized and user-driven.
Winnings and Ecosystem Support	Retain a portion of the Rewards as profit, which may not always be reinvested in the user community.	Users can claim their Rewards directly from the smart-contract. No bookmaker fees apply.
Security and Trust	Relies on centralized servers, which can be vulnerable to hacks and data breaches.	Leverages blockchain’s inherent security features, providing a tamper-proof and more secure environment for transactions and data flows.
Community Engagement	Bookmakers aim to make profits and do not receive community feedback on how to improve user experience.	We make our software Code available under an open-source license and take no fees on Predictions.