Background
The concept of betting on sports is not new. It's as old as sports. How betting has changed over a period of time. Now-a-days, financial difference bet is very popular with new investors in the market. Young and enthusiastic investors are very happy with the sport. And, they want to bet for them all year. There are many people who are crazy about football, cricket, and other sports, and their passion becomes real when they start betting on this sport. The concept of betting is considered new because it is now done in a more organized way and is a term known worldwide.
Ultimately, sports betting has become the fastest growing market segment within online gambling worldwide. We believe that the online sports betting market offers opportunities for coin usage that far exceeds many other ICOs currently offered. Our goal is to become the number 1 platform for crypto-currency gamblers to bet on sports.
The Problem
The online betting industry has lacked innovative ideas for some time. Odds are massively in favour of the bookmaker, payment methods are outdated and regularly winning players are restricted or banned. There is a lack of security, lack of privacy, extortionate fees and low returns, all of which are factors which either put bettors off or drive them to underground betting.
The Solution -Why BETR Betting is better
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. Add on the ease of paying for a bet through BETR currency and the fact that you can make larger bets, and you can see why BETR Betting is the future of betting.
BETR is the name of the BetterBetting cryptocurrency: a token which can be bought and traded on various exchange platforms (see our list of exchanges here). The difference between BETR and many other cryptocurrencies out there is that BETR is a Utility Token. This means that it can be used for a particular product or service – in the case of BETR you will ultimately be able to place any bet you desire with anyone in the world without transaction fees or limitations.
Why is BetterBetting so different and better?
#. Peer-to-peer Betting with no central party
By providing a robust escrow and settlement service between 2 parties who do not know one another and have no common operator the system provides access to betting opportunities that did not previously exist.
#. Applicability to other activities
A transaction does not have to comprise a bet – the same system can be used for any activity where funds are escrowed prior to a result and then settled to the winner (e.g. A game of poker) although BetterBetting will initially focus on betting.
#. Provably fair and unbreakable
The software and transactions are provably fair and robust. Punters need to know that they will be paid their winnings – no questions asked!
#. Instant access to winnings
Winnings are distributed as soon as a bet is resulted and available in instant crypto funds for use as the owner sees fit
#. Access to betting in more jurisdictions
Most jurisdictions that prohibit sportsbooks focus on the operator as the entity to be licensed. Individuals wishing to bet do not break the law provided they do not bet with an unlicensed operator. With this system the bet is always with another individual – there is no operator.
#. Access to large wholesale bets
There is a massive market for betting where the amounts exceed those that individual operators are prepared to risk. This system will provide the liquidity to enable these bets to be placed – there are no system limits. Bets are pooled so many parties can match a single bet.
#. Ease of funding for betting
No more credit info-cards, wire transfers and other outdated payment mechanisms. BETR (Betting tokens) will trade on major crypto exchanges and can always be bought and sold against tokens such as Ethereum.
#. No requirement for a regulated entity
As there is no central intermediary there is no licensable entity (such as a bookmaker or exchange). This does not mean that bookmakers and exchanges cannot participate in the action but they would simply be another entity on the system.
The BetterBetting Node
The Ethereum network will be used for the management of the bet contracts and the BETR tokens and interface to another system on top of that to provide a UX for the Bet Offer creators and Bettors by running the betting directory services as a distributed database. This system we call the ‘Better Betting Node’ (BBN).
TOKEN ICO
The BETR token ICO was launched in December 2017 completing in January 2018 with in excess of $5.5m of token sales. Over this period, the BETR token gathered a significant following and broad investment community. A large part of the token sales were made to the betting industry, with the crypto community equally keen to become involved in the unique BETR model entering the Blockchain.
The BETR is currently listed on numerous exchanges including HitBTC and Bancor, providing liquidity and ease of transaction.
ICO Date
15 Dec 2017 — 31 Jan 2018
Total BETR Supply
650 Million
Token Circulation
200 Million
ICO Participants
1,568
Total Sales
$5.5 Million
With the brief explanation above, we hope you can find something new here " BetterBetting" , and for more information, you can contact the team and open the link below:
Website: https://betterbetting.org/
Author By: yanifitri20
