Betting is seen as one of the quickest ways to make money online. However, due to the risks involved, many countries have banned this practice altogether.
Sports betting, especially, has been hit the most. Even after such harsh bans, there is one platform that is offering users the opportunity to bet on various sports and that too legally.
Sports Trading BTC is a new age website that allows users to bet on almost every sport in the world.
Website URL – https://www.globalcreditsnetwork.com/
Table of Contents
What Is Sports Trading BTC?
As the name suggests, Sports Trading BTC is an online platform that allows users to trade/bet on sporting activities.
Although, they have rebranded themselves as the Global Credits Network, the services offered by the company, are still the same. All this is done under a completely legal framework.
The website boasts of having various experts on board, complemented with a very sophisticated betting system. Structuring and running a betting website is not an easy task, but Sports Trading BTC has mastered the art of “crowd sports betting”.
How Does It Work?
Getting started with the website is quite easy. You sign up, invest money, and earn returns. Sports Trading BTC has employed various betting experts, covering almost every sport.
The users are required to invest their money on the website through Bitcoins. Once the users have invested some money, all the funds are pooled together.
These funds are then used by these expert betters to bet on various sports. Any returns earned from the bets placed are distributed amongst the users. These funds can then be withdrawn by the users, via Bitcoins.
Apart from this, the website also runs an affiliate program. This, further, provides the users with an opportunity to earn additional income.
Membership Levels
The website has divided the membership into eight tiers. Each tier requires different investments and earn a different amount of return. Your affiliate membership level is determined by the amount that you are willing to invest in this website.
1. ST 1 – For a onetime investment of 0.01 BTC, you earn up to 2% of betting profits daily; capped at 0.02 BTC.
2. ST 2 – For a onetime investment of 0.025 BTC, you earn up to 2% of betting profits daily; capped at 0.05 BTC.
3. ST 3 – For a onetime investment of 0.1 BTC, you earn up to 2% of betting profits daily; capped at 0.2 BTC.
4. ST 4 – For a onetime investment of 0.5 BTC, you earn up to 2% of betting profits daily; capped at 1 BTC.
5. ST 5 – For a onetime investment of 1 BTC, you earn up to 2% of betting profits daily; capped at 2 BTC.
6. ST 6 – For a onetime investment of 2 BTC, you earn up to 2% of betting profits daily; capped at 4 BTC.
7. ST 7 – For a onetime investment of 3 BTC, you earn up to 2% of betting profits daily; capped at 6 BTC.
8. ST 8 – For a onetime investment of 5 BTC, you earn up to 2% of betting profits daily; capped at 10 BTC.
Only if you are ST5 and above, you would be able to warn through the affiliate program of this website. This seems a little unfair to me since you are expected to invest more so that you can make money for them through referring people.
Affiliate membership should be free, to begin with, and it is free with all the legit websites.
Referral Commissions
The program is a binary level MLM where when you refer people it would lead to two sides of referral which is the left and the right.
Each side would then comprise 4 members and that would be Level 3. The same thing goes on and on. You get commissions anywhere from 2-5% from your referrals.
This is a typical MLM scheme where you are going to make money by inviting more people to the program.
Pros
1. The website follows a complete legal framework and allows everyone to place a bet legally.
2. The website is well designed and easy to use.
3. The website has experts in various fields, who have a good betting track record.
Cons
1. The website only uses Bitcoins as the medium of exchange. A lot of people may face problems because of this.
2. There is no guaranteed Return On Investment. You may end up losing all your money.
Would I recommend this website?
Even though everything looks very sorted on the website, I would not recommend anyone to invest their money on the site. The website is about betting and that in itself is the first red flag.
I would never promote any kind of gambling or betting, so I highly suggest that you look for other ways to make money online.
The fact that they are using bitcoins means that most probably you would not get your money back if you invest any. There are many similar online programs where people easily lose their money invested.
So, instead of making anything there is a high probability that you are going to lose most of your money. If you refer people to the website, all you are doing is selling them the membership to the website.
First off, you need to invest money on this website in order to be an affiliate and depending on how much money you invest, you are going to be able to earn commissions.
This in itself is a red flag as joining an affiliate program is free and usually, everyone gets equal affiliate status. Moreover, selling people just the membership so that they can sell it to someone else with the same promise of making money is bizarre.
The only person who earns profits here is the owner. These days people are aware of MLM scams and it would be difficult to even get someone to join something like Sports Trading BTC.
Conclusion
Sports Trading BTC is not an MLM scam that I would suggest. MLMs are scams all the time and the best thing is to stay away from them. They usually have a serious cult following and it can be easy to get sucked into it.
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