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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JACKPOT

Jackpot (777) is a decentralized PvP gambling solution. It comprises JACKPOT Lottery system along with dice. All PvP and provably fair. The platform is powered by the jackpot native currency - 777 and winnings are verified by the Jackpot blockchain.

Users will be able to place bets on the platform and stand a chance to win amazing rewards in the lottery system.

Jackpot is designed in such a way that each and every user on the platform enjoys a seamless experienced gaming on the platform, allowing for easy bet making, quick and efficient cashouts and an existing momentary value for the Jackpot coin.

Jackpot also uses a provably fair mechanism to ensure that the game is not rigged, and users can play to their hearts content without any fear.

In the bid to ensure Jackpot's continued value, it has been listed on Crex24, a favourite exchange of choice for crypto users, allowing players to be able to buy the Jackpot coin off exchange easily and head over to the platform to make bets.

Asides from the betting rewards involved, Jackpot blockhain integrates a Masternode system that allows users to be able to earn rewards just by locking up their coins and staking them.

This staking feature is common to all Masternode blockchains, and is as a reward to holders for keeping Jackpot tokens.

You can buy Jackpot tokens on Crex24 here

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