BetterBetting Legal for the future

supriatna (25)in #tes • 7 years ago

The betting world has long entered the Cryptocurrency community because The regulated and unregulated gambling market is expected to reach $ 533 billion on
end of 2017 with highest contributor sports betting. That is an increase of 47%
of the $ 363 billion market figure a decade earlier in 2007 according to Betting
global and Consultants Gaming.a global online sports betting market worth $ 205 billion as reported by
statistics and gross gambling results of the global football betting market are self-regulated
will reach $ 80 billion. the global market for online gambling has increased at a pace
significant growth over the years 2010-2016 and the projections made
that the market will maintain a growth rate over the next five years.
This growth has been estimated taking into consideration the growth pattern
before, driver growth and current and future trends. One of the ones
becoming a major sporting event like the upcoming 2018 FIFA World Cup in Russia as well
many other major sporting events taking place around the world.In a report from Global and Gaming Consultants, Asia is the biggest market for gambling and
sports betting in particular. It has grown at a consistent rate
for more than $ 40 billion. In China, up to $ 1 billion can gamble on a single game
soccer. It is estimated that there is a sports betting market unregulated about $ 180 billion
per year in China alone and $ 60 billion per year in India primarily through cricket. Ultimately, sports betting has become the fastest growing segment
market in online gambling around the world.
$ 3 trillion - the value of global sports that markets bets according to a UN conference on
crime. However, most of it is generated by unregulated gambling.

Betting issues

The online betting industry has lacked innovative ideas for some time.
The likelihood of massively supporting bets, payment methods already
outdated and regular players won restricted or banned. There is a lack
security, lack of privacy, exorbitant fees and low yields, all of which
is a good factor to place a bettor or encourage them to wager
under the hands.

Solution - Why BETR Betting is Better

BETR is different. This is a crypto-currency bet that will build that sport
Really decentralized bets on the internet. With BETR providing security
true finance peer-to-peer bets become possible on the internet with entities that do not
has a previous relationship. Using blockchain we can provide clients
Sportsbooks that operate without a human or business body in the middle. The system is safe,
software and transactions are provably fair and powerful. Added on the ease
pay for bets through BETR currency and the fact that you can make
Big bets, and you can see why Betting BETR is the future of betting.

Competitive Landscape

There are several other sports betting operations operating in the crypto room but ours
different in one significant way - we do not take the percentage of the bet and do not
there is margin. We purely facilitate peer-to-peer bets. Add to that team
experienced veterans with a wealth of knowledge in the online and betting industry
the result is a powerful solution designed by industry to work with industry.
Sports competitive Betting products include: Decentbet, Wagerr, Betmaster, Betrium,
Imperium, Tombet, Fansunite, Quickbetcoin and Ethersport.

Risk

There are a number of risks inherent in the proposed solution:
• We may not raise the minimum amount or may decide to
cancel ICO due to changes in the market. In this scenario all the pre-
ICO will be returned in full
• tokens may not performant on the Ethereum network under load. While we are
has reduced this to some extent by deleting a lot of data transfers
The high speed of this blockchain remains a risk and may require us
to move our technology to one of the new blockchains like EOS.
• We may have regulatory pressures to impose jurisdiction or other
control on the use of signs - in practice this is not possible and will
translated into pressure to prevent token trading
• Exchange may decline token list due to the nature of gambling utilities
• We may have trouble providing the directory completely
distributed in a performant manner-this is a sustainable development and team
have an in-depth experience of similar products - we are confident that we will
find a solution but there may be a compromise on the distributed properties of the directory
in the original version
• We rely on public blockchain (Ethereum) to provide mechanisms
an underlying transaction that may become too slow or expensive for
be practical. In the end many of our technologies do not depend on
blockchain and we will be able to move to a blockchain race like EOS
relatively easy (some of them like EOS not yet in production)

Mechanism

The betting process is broken down into several discrete software components with the API set
for interaction between them. All bets are kept on the Ethereum blockchain
providing transparency and fairness can be proven in transactions. More importantly
provides a way for 2 parties who do not know each other and do not have holders
general accounts to bet with each other.

Benefits

Peer to Peer bets without Party Central
By providing a strong escrow and service delivery between 2 parties that are not
get to know each other and have no common carrier system providing access
to an odds bet that never existed before.

Application of other activities

A transaction does not have to be a bet - the same system can be used for
activity where the Escrow Account funds are before the result and then settled for
a winner even though we will focus on the original bet (eg A game
poker.)

Access to a much larger bet - wholesale angle

There is a massive market for bets in which the amount exceeds the people who each
each operator is ready for risk. This system will provide liquidity for
allows the bet to be placed - no system limit. Bet
collected so many parties can match one bet

provably fair and unbreakable

The software and deals are provably fair and powerful. Passengers need to know that
they will be paid their victory - without question!

There is no risk

for passengers from operators underfunded
Passengers have no risk of operators or layors who have sufficient funds to
put their bets - in this system all bets are prefunded on both sides.

Ease of funds for placement of bets

no more credit cards, wire transfers and other outdated payment mechanisms. BETR
(Betting coins) are ERC20 compliant coins and will be traded on the main crypto exchange
and can always be bought and sold against coins such as bitcoin and ethereum.

Quick access to victory

Victory distributed immediately bets are generated and available instant crypto funds for
used as a viewing owner to match.

better Betting Node

There is no point in having a bet system if the user can not find a bet
that they want. Not only that, for the system to present sufficient liquidity,
and to provide an optimal volume for consensus settlement, is important
that all nodes see the same options as the same thing. As an example,
is the same holds for the winning game market match call
match "or" winner "or even" moneyline 1X2 ". This system will aim
to provide mechanisms to avoid duplication of the market and presents
a uniform interface between different parties.
A distributed directory of sports events, markets and options will be included
in the system so easy for software clients to present a logical menu
ordered choice. This system will incorporate many "standards" for events and
the naming market so that the same bets are treated the same regardless of the source.
This presents two distinct advantages for ecology as a whole. In
First example, it makes it easy to find a specific bet. Second, and
It is very important that it allows bets to be standardized and collected together.
By ensuring that anyone who wants to offer certain bets
using our general registry can improve the reliability of consensus, and also to
combining liquidity into the pool so that bets are not just one on one.
So (for example) assuming I want to put Chelsea to the win
betting for Premier League matches this weekend. I decided I was ready to
put $ 1000. Others also want to put $ 1000. Now there is $ 2000
available to anyone who wants to return Chelsea. Users will see the interface
the uniform - different layors agree on identification of the same bet and liquidity
they are combined. As a spectator I can come and return Chelsea for
won for $ 1500 and this will be shared in both layors - as two transactions
separated.

The BETR Betting Model
By eliminating the “middle man” – essentially the escrow agent – using blockchain technology it is possible to build sportsbook clients that operate with no human or business entity between betting pairs.

BetterBetting Opens ICO Public Sale for BETR, the Betting Currency of the Future

This Friday 15th, BetterBetting, a software systems enabler for sports betting on the blockchain, will launch their ICO Public Sale for BETR, a digital currency that will pave the way for a decentralized peer-to-peer sports betting system, and revolutionize online sports gaming.

The token sale is an integral part of the company’s advanced distributed peer-to-peer and peer-to-sportsbook wagering platform. As BetterBetting continues to gain ground, ICO and gambling experts expect that BETR will soon become the betting currency of the leading sports betting sites.

Following BetterBetting’s successful pre-ICO sale period, their website (https://betterbetting.org) will open at 14:00 GMT on December 15, 2017 for Public Sales. Given the high level of interest, pundits expect a rapid progression through the early-bird bonus levels (the first $5M have a progressive bonus level applied –see website for details). Cryptocurrency enthusiasts can purchase their desired share of the ICO until the projected sale end in January 2018 or hard cap of $30 million.

BetterBetting to ICO Enthusiasts: Get Tokens Before You Regret It

Once the hard cap is reached, a total of up to 650,000,000 BETR will have been released (with some kept in reserve and embargoed). These tokens will immediately be usable by sports bettors for wagers in sportsbooks that cater to BETR clients, and in peer-to-peer bets. The target date for the launch of the fully fledged, much-awaited, Better Betting Nodes compatible with BETR is in March 2018, but owners of the crypto coin will be able to use their BETR with select sportsbooks prior to the full launch date.

As the digital currency is geared toward becoming the betting currency of the future, BetterBetting encourages everyone to make the most from the sale as the token is expected to appreciate in value within a short time of launch. There is minimal risk in buying tokens as they are tradable within two weeks after purchase, and will almost immediately start being used as value tokens on associated sportsbooks. When the ICO is over, the hard cap for BETR cannot be increased beyond the 650M limit.

BETR: A Promise of Transparency and Provable Fairness

Adriaan Brink, the CEO and Founder of Better Betting Foundation, stated,

“With Better Betting we are excited to bring a new paradigm to the world of sports betting. By combining the power of blockchain with our experience and knowledge of the sports betting industry, we are introducing a new betting currency that understands the underlying structure of a sports bet, ensuring fair and robust betting opportunities between two parties, who may not have any relationship with one another.”

By removing much of the friction associated with placing sports bets, Brink’s team has created a transparent and provably fair peer-to-peer sports betting system that is not controlled by a central authority. With a core team of seasoned industry experts, BetterBetting is now in the final stages of introducing BETR to the world.

Brink added, “Working with major industry players, this decentralized liquidity marketplace for sports betting can be used in many different ways and provides automated programmatic interfaces so that existing sportsbooks can link into the system. Working with, rather than against, major industry players with a zero margin model, we seek to provide the railway tracks for sports betting in the future.”

Reserve for future issue
A reserve fund of tokens will be created as part of the initial token event to be sold on the market at the discretion of the foundation. This reserve fund will be not more than 10% of the amount issued at the ICO and will be held in trust and not released for at least 12 months. No further tokens will be created apart from ongoing maintenance tokens.

Ongoing Maintenance Tokens
Ongoing maintenance tokens will be created periodically by the foundation and sold on the market to replenish tokens that are burnt as part of transaction fees. Transaction fees will be based on the underlying gas price consumed by the transaction and will be fixed per transaction regardless of the amount of the bet.
$30m Hard Cap
Once the target $30M in ICO sales is reached there will be no further token sales apart from maintenance tokens and reserve funds. The total token pool is hard capped at 650,000,000