BitSports.ai claims to be the first AI-driven arbitrage platform that identifies real-time opportunities in the sports market, which has already reached a volume of over 27 billion dollars.
With the rapidly evolving field of AI-driven sports, BitSports aims to revolutionize the industry and provide its affiliates with attractive returns on investment.
In this post, we will review BitSports and its compensation plan. Also, we will review and find out whether BitSports AI is legit or not.
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What is BitSports AI?
BitSports is a cryptocurrency MLM company that claims to offer an AI-driven arbitrage platform for sports betting.
The company promises to identify real-time opportunities by analyzing historical performance, player statistics, weather conditions, volumes, locations, number of participants, and even the likelihood of the same entry being repeated to invest the most appropriate amount.
BitSports domain Bitsports.ai, was registered on March 16th, 2023. The founder of BitSports is Hugo Rodriguez Salgado and Carlos Sarmiento.
According to SimilarWeb, the total number of visits on its website is 920k+ with the top proportion of traffic from Slovakia and Russia.
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Joining BitSports
You can join BitSports as an affiliate for free, but to fully participate in the income opportunity, you need to invest at least $10. BitSports accepts investments in different cryptocurrencies.
To join, you have to go to the BitSports website or App, click on “register,” and fill out simple details.
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BitSports Compensation Plan
BitSports.ai offers investment opportunities to its affiliates in the form of cryptocurrency, promising advertised returns. BitSports has three investment plans: Elite, Pro, and Max. The Investment plan and returns are as shown below:
1. Investment Plan
Affiliates invest USD equivalents in cryptocurrency based on their chosen method and receive daily returns ranging from 0.7% to 2.4%.
| Investment Plan | Investment | Daily ROI | Return Cap |
|---|---|---|---|
| Elite | $10 to $999 | 0.7% to 1.2% | 300% |
| Pro | $1000 to $9999 | 1.3% to 1.8% | 300% |
| Max | $10,000 to $100,000 | 1.9% to 2.4% | 300% |
Every day, affiliates need to log in and click a button. If they don’t do this, their rate of return drops to 0.3% for the next week.
2. Referral Commissions
BitSports offers referral commissions to affiliates who recruit other affiliates to invest in the company. The amount of commission earned depends on the tier of the recruited affiliate, with the higher tier earning higher commissions. The referral commissions are given as follows:
| Tier | Referral Commission Rate |
|---|---|
| Elite | 8% of the invested amount |
| Pro | 9% of the invested amount |
| Max | 10% of the invested amount |
3. Residual Commission
BitSports uses a binary compensation structure to pay residual commissions to its affiliates. The commission on all ranks is as shown below.
| Tier | Residual Commission Rate |
|---|---|
| Elite | 8% of weaker binary team side volume |
| Pro | 9% of weaker binary team side volume |
| Max | 10% of weaker binary team side volume |
4. Rank Bonus
Affiliates who achieve the Bronze and higher ranks are rewarded with a one-time bonus called the Rank Bonus. It is a fixed amount on each rank as shown below.
There are 8 ranks within the BitSports compensation plan. To qualify for each rank, a certain amount of investment from downline affiliates is required, with at least one personally recruited downline affiliate for each rank.
| Rank | Bonus | Qualification Criteria |
|---|---|---|
| Bronze | $200 | Generate $10,000 in downline investment |
| Silver | $300 | Generate $20,000 in downline investment |
| Gold | $1000 | Have one Bronze affiliate on both sides of your binary team and generate $50,000 in downline investment volume |
| Sapphire | $3000 | Have one Silver affiliate on both sides of your binary team and generate $150,000 in downline investment volume |
| Ruby | $7000 | Have one Gold affiliate on both sides of your binary team and generate $300,000 in downline investment volume |
| Emerald | $30,000 | Have one Sapphire affiliate on both sides of your binary team and generate $1,000,000 in downline investment volume |
| Diamond | $75,000 | Have one Emerald affiliate on both sides of your binary team and generate $3,000,000 in downline investment volume |
| Ambassador | $150,000 | Personally recruit a Diamond affiliate and generate $5,000,000 in downline investment volume |
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Bitsports Review
Upon conducting an investigation into BitSports.ai and its compensation plan, we have gained some valuable insights into this investment opportunity. Let’s review and analyze whether BitSports is real or fake.
Lack of Transparency
Another red flag to consider when evaluating BitSports.ai is the lack of information on their website. While the platform claims to use advanced AI algorithms to generate sports betting predictions, there is little information provided on how these algorithms work or what data is used to generate predictions.
Moreover, there is no information about the Head Office of the company. However, BitSports is considered to be linked with Dubai after their post about traveling to Dubai for 30 Sapphire rank achievers.
Without clear information on how the platform works, it is difficult for investors to make informed decisions about whether or not to invest in BitSports.ai.
Lack of Regulations
BitSports.ai isn’t registered with Any financial regulators in any jurisdiction. This lack of regulatory oversight raises concerns about the legality of the platform and its potential to engage in securities fraud.
High Withdrawal Fees
Another concern and red flag to consider when evaluating BitSports.ai are the high withdrawal fees charged by the platform. BitSports hasn’t officially confirmed the Withdrawal fees but by calculating various withdrawals we find that it’s around 14% of the original amount.
Money Circulation Fraud
Bitsports promise guaranteed returns on investment and also offers heavy referral commissions.
They are pretending to be a technology company whereas their objective is to lure and fool people by offering high returns on investment.
Bitsports is a money circulation scam, where early investors are paid on the money of new investors and the cycle goes on. Bitsports is a fraud ponzi scheme that can collapse anytime and most investors will lose their money.
BitSports AI Real or Fake?
Based on Above Information it can be concluded that BitSports.ai may be a MLM crypto Ponzi scheme.
MLM and securities fraud are often associated with Ponzi schemes, which are unsustainable and often result in most participants losing money.