LETBET ONLINE GAMBLING

LetBet is an online gambling system that is set to bring about a metamorphosis in the normal banking system by introducing an inmate trust into the system.
Betting System
A betting system is basically an arrangement that increases a player's chance of winning, considering players' past wins and losses. The truth about betting system is that they never work. LetBet seeks to bring in a new system to play.For more information about betting system and it's types, please visit site at www.let.bet

The gambling system is one of the fastest growing and promising system in the world, especially with the introduction of the internet to the system which brings about online betting where any player can stay anywhere in the world and gamble with another player .
Research by the Gambling Commission Industry shows that between April 2015 and March 2016,online gambling operators generated a Gross Gambling Yield (GGYI) of £4.5 billion. Also the U. K Gambling Commission at new figures show that online gambling is the largest gambling sector in Britain. For more information, please don't be shy to visit our site https://static.let.bet/whitepaper.pdf
But respite all these facts,the problems facing online gambling has caused a huge hindrance, if you are an expert in the field you will agree with that online gambling is not as fun and fun as watching your favorite football club play, by the way mine is Manchester United. These problems have even led to some countries rejecting the idea of online gambling.
These problems include player's discernment, absence of adequate security in the system, lack of trust, also the system is sometimes slow and unreliable.
WHAT LETBET BRINGS TO THE TABLE
If the above listed problems are analysed, it is discovered that a reasonable percentage of them is as a result of the centralised network used in online betting,but LetBet seeks to replace this with a decentralised system which uses smart contracts through blockchain semantics that benefits all parties involved in the betting. In LetBet we believe there is no need to bring in a third party because this might lead to a bias outcome.
THE SOLUTIONS INTRODUCED BY LETBET
LetBet basically counters the problems of online betting by bringing the following into the system
Anonymity-this enables players to play online with low chances of being hacked because their information is represented by a series of codes,making online betting safer, easier and more convenient.
Freedom & Flexibility -the introduction of smart contracts makes the system more flexible and free instead of the initial centralized network of computers.
WHY CHOOSE THE LETBET DECENTRALISED SYSTEM?
With the anticipated growth to be reached by 2021, as a result of the gambling system going more global and connected, more and more companies rely on the internet to get new customers and connect customer worldwide.
However, the central, slow, trust based protocol which is used in online gambling, serves as a big hindrance, though majority of traditional gambling service providers are actively creating and innovating around the web to provide gambling solutions, the need of introducing a blockchain protocol has become very pertinent.
As a result of this, the LetBet team are brainstorming and working really hard to bring in a blockchain system in order to solve the above hinderances,thereby removing the risk inherent in the current system, making it decentralised, transparent and trustless.
THE LBT COIN AND IT'S SALE
The LBT coin is the coin that will be used throughout the LetBet platform.It is also important to note that LBT can only be bought during the ICO phase, after this, all pre-minded coin not distributed will be burned and the user can only get LBT from Trade(coin exchange, Tonic, hit BBC..), Affiliate, Bet, Host(we provide some games and you will host that game for others to bet).
The sale of the LBT coin is in two phase, the pre-sale and the crowd sale.