Gambling and betting is a favorite past time for a lot of people. A way to take your luck by the horns and see what it spits out for you. If I was going to be deep, I'd aso say it's a way of riding the waves against the might of the Universe and coming out on top (If you win). But I'm not deep, so I'll just say it's pretty fun.
TYPES OF BETTING
Online gambling is one of the fastest-growing markets on the planet – especially now that an ever-larger percentage of the world’s population has mobile Internet access. In the world of betting, there are a few ways to make a bet. First of all, we need to keep in mind what betting is. Betting refers to the action of gambling money on the outcome of a race, game, or other unpredictable event. A variety of bets usually depend on the following outcomes:
Win
Each way. An each-way bet is a two-part bet, with half the stake going on the selection to win and the other half on the selection to place.
Double. A single bet on two outcomes in different events
BLOCKCHAIN BETTING
Online Casinos have in the past been accused of using tricks and scams to steal from customers’ right in front of their noses. Who has never heard the statement, the house always wins? Proven cases of fraud make online gambling something to keep away from. You see, if a gambler knows that the odds are stack against him/her because of lack of transparency, he/she will keep away. And if gamblers stay away, the casinos will not make money.
The introduction of Blockchain technology will boost trust among customer and enable them to bet with confidence since Blockchain smart contracts verify records on a shared ledger that cannot be manipulated therefore increased transparency.
- Reduce Fraud
Online fraud causes account for significant loses in the gambling industry. A player may decide to be “smart “and defraud the operator when making a deposit or withdrawing money from the casino. Worse still fraudsters can hack the casino’s system through the servers’ back door.
Blockchain technology solves this problem by providing secure ways of transactions. Blockchain’s distributed ledger makes it an impossible task to manipulate anything in the system. Your winnings are automatically calculated and sent you. Thanks to smart contracts.
- Paying with Cryptocurrency
The other obvious thing that Blockchain has brought on board is the use of cryptocurrency as an alternative payment method. A good example of a gambling site where the use of crypto has been very successful is SatoshiDice. It is reported that at one point they recorded more Bitcoin transactions than several other exchange platforms combined.
Accepting cryptocurrency creates an opportunity for players to venture way beyond there regulatory jurisdictions since crypto is no dependent on regulated payment services. In addition, Blockchain technology will significantly reduce costs associated with withdrawals and deposits to casinos since it eliminates intermediaries such as banks.
- Anonymity
Traditional casinos are associated with many regulations when it comes to their dealings. This includes asking users to supply numerous documents when creating and verifying their accounts. The process could be lengthy and time-consuming. The process also limits the number of players.
Blockchain technology comes in to solve these issues with its anonymity feature. The feature ensures that users never have to share personal information when conducting transactions. Such a feature hinders hackers from accessing users’ data.
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CLASSIC BET
BENEFITS OF CLASSIC BET
Owning a Classic Bet Masternode will allow you earn passive income from masternode rewards and staking. This means profit on a daily basis from the Classic Bet Node. Asides from the passive rewards coming in, the masternode owners will have access to premium games and activities.
Distribution
Coin Statistics
Coin name : ClassicBets
Abbreviation : CBET
Algorithm : Quark
Coin type : Masternode + PoS
Block time : 60 Seconds
Block Maturity : 6 Blocks
Masternode confirmations : 15 Blocks
Min Stake Age : 30 Minutes
Difficulty retargeting : 10 Blocks [DGW3]
Masternode collateral : 3,333 CBET
Block reward : 1.00 CBET
Masternode reward : 0.75 CBET - 75%
Staking reward : 0.25 CBET - 25%
Total supply : 21,000,000 CBET
Premine : 200,000 CBET*
P2P Port : 7777
RPC Port : 7776
Premine usage : 56% - ClassicBets Presale
unsold coins will return to Game Fund
22% - Initial PR/Listing Fees
22% - ClassicBets Gaming Platform Fund
Official Links
CBET Website : https://classicbets.net/
Explorer : http://explorer.classicbets.net/
Twitter : https://twitter.com/bets_classic
GitHub : https://github.com/ClassicBets
BitcoinTalk : https://bitcointalk.org/index.php?topic=5154218
BitcoinGarden : https://bitcoingarden.org/forum/index.php?topic=75048.0
WhitePaper : https://github.com/ClassicBets/cbet-mans/blob/master/resources/cbwp.pdf
Resources : https://github.com/ClassicBets/cbet-mans
Wallets
Releases : https://github.com/ClassicBets/cbet-coin/releases
Linux wallet : https://github.com/ClassicBets/cbet-coin/releases/download/2.0.0.0/classicbets-linux.tar.gz
Windows wallet : https://github.com/ClassicBets/cbet-coin/releases/download/2.0.0.0/classicbets-windows.zip
MacOS wallet : soon
Source code : https://github.com/ClassicBets/cbet-coin/archive/20.0.0.tar.gz
Masternode package : https://github.com/ClassicBets/cbet-coin/releases/download/2.0.0.0/classicbets-masternode.tar.gz
Manuals
MN Install Guide : https://github.com/ClassicBets/cbet-mn
How to buy MN&PoS : https://github.com/ClassicBets/cbet-mans/blob/master/how-to-buy-masternode-pos.md
MN Monitoring
VaultWatch EU : https://www.vaultwatch.eu/detail.php?coin=cbet
Shared Services
Shared MN on Discord : https://discord.gg/BFMQDF4
Crypto Hash Tank : https://mns.cryptohashtank.net/masternodes/CBET
MinNodes : https://ms.minnodes.io/
Crypos.io Platform : https://crypos.io/
SimplePosPool : https://simplepospool.com/
Trittium Platform : https://node.trittium.cc/
MDC Hash Platform : https://mdchash.com/
Gentarium Platform : https://mn.gtmcoin.io/
My Crypto Cloud : https://mycryptocloud.nl/