What is BetterBetting (BETR) Project?
BetterBetting is a revolutionary new sports betting marketplace introducing the BETR token - the betting crypto-currency that will establish truly decentralised online sports betting.
BetterBetting is the revolutionary new decentralised sports betting marketplace introducing the BETR token - the betting crypto-currency that will establish truly decentralised sports betting on the internet. Providing a Global Betting Liquidity Pool, BETR is being built by gaming industry experts, for the industry. BETR will become the exclusive crypto-currency of some of the world's leading gaming operators.
BETR is different. It is the betting crypto-currency that will establish truly decentralised sports betting on the internet. With BETR providing financial security true peer-to-peer betting becomes possible on the internet with entities that have no prior relationship. Using blockchain we are able to provide sportsbook clients that operate with no human or business entity in the middle. The system is safe, the software and transactions are provably fair and robust and payment is simple. The BETR token is the future of betting.
How does The BetterBetting Work?
There's 2 different types of gambling platforms currently:
A traditional bookmaker: Here you can only place back bets, meaning that you're betting on something to happen and the booker is laying your bet in the hope that it won't. Each time you place a bet there's a margin which is how the bookmaker makes their money.
Exchanges: Here you're betting with other people and have the chance to operate similar to how a bookmaker does and lay bets also, this means that you're hoping something won't happen. Here there's no margin but the exchange will take a commission fee from you that's normally around 5%.
BetterBetting will run on the Ethereum network and use their smart contracts so that all bets can be verified. A user will be able to select the odds he wishes to back or lay and then the system will match 2 users together and they'll place their back bet and lay bet together. The bet then launches a smart contract and once the event has finished the winner will receive their tokens.
BetterBetting Benefits:
This system makes use of a “Peer to Peer betting system” that does not entail the use of a central authority. Additionally, by providing a “robust escrow and settlement service between 2 parties”, this platform aims to deliver opportunities to users that did not previously exist in this market segment.
Open Source Systems:
As mentioned earlier, the software that governs Better Betting is completely open source and is free for anyone to copy and use.
Larger Betting Amounts:
Another facet of this service that truly separates it from the conventional betting mediums that exist today is that, it allows for the placement of bets that exceed amounts which “individual operators are prepared to risk”. In addition to this, the Bets are pooled in such a way that many parties can match a single bet.
Provably Fair:
One of the main advantages of Better Betting is the fact that all of the transactions that go through it are ”provably fair and robust”.
Money Security:
In order to ensure that everyone gets paid fairly, all of the bets that take place within this system are pre funded on both sides.
Ease Of Use:
Through the use of the native token currency, Better Betting eliminates the need for any credit cards, wire transfers and other outdated payment mechanisms. BETR (Betting coins) are ERC20 compliant coins and will trade on major crypto exchanges and can always be bought and sold against coins such as bitcoin and ethereum.
Fast Access To Funds:
All profits that are made during a game, are instantly accessible to users. Winnings are distributed as soon as a bet is resulted, and are made available instantly in the form of crypto funds.
Why BetterBetting ?
Peer to Peer betting with no central party
Provably fair and unbreakable
Applicability to other gaming activities
All software will be open source and available for free
Access to betting in more jurisdictions
Access to much larger bets – global betting liquidity
No risk to punters from underfunded operators
Designed by the industry for the industry
BetterBetting Team:
Advisors:
Roadmap:
Token Sales Detail:
Development and marketing of the system will be funded through the issuing of a betting token (BETR). The number of BETR tokens is hard capped, with liquidity increases facilitated by an increase in token value.
There will be an early bird bonus system built into the ICO to incentivise early investment, according to the following schedule:
105% tokens $5,000,000
110% tokens $4,000,000
115% tokens $3,000,000
120% tokens $2,000,000
125% tokens $1,000,000
Token: BETR
Price in ICO: 0.1 USD
Country: Estonia
ICO start: 15th Dec 2017
ICO end: 31st Jan 2018
For more information:
Website: https://betr2018.io/
Whitepaper: https://betr.org/whitepaper-nov17.pdf
Telegram: https://t.me/joinchat/HNsEWQ-L0aCjHMsmKW-d_w
Twitter: https://twitter.com/BETRBetting
Facebook: https://www.facebook.com/BETRBetting/
Author: tinhkhuat
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373