THE GOOD NEWS -- BetterBetting : The Future of Betting

Hello guys, welcome again with me Doni Ariyanto. On this occasion I will introduce a new breakthrough for the future that is BetterBeting.

The Better Betting Foundation relies on effective technical implementation to achieve its goal of providing Global Betting Liquidity Pool. Along with the development of business needs, technical inquiry has been conducted with the aim to find the optimal technical solution. Basically, the intention is to provide a pool of global betting liquidity for use by targeted market creators and bettors. In principle, anyone can make a Bet Offer based on a real sporting event, this is more traditionally known as a bet. Each Bet Bet will be grouped by market and event and listed in a searchable directory. Bettors who want to place bets can then search in the directories and find the bets they want. The betting acceptance process then involves blocking Ethereal to keep an agreed bet contract that also holds shares and liabilities in escrow - the system will use self-issued token bets (BETR). When the event is over, the bets associated with the event can be completed. To settle the bet, the result of the selection must be determined. The smart bet contract will contain information on the parties that will supply the results of the selection. In the case of bets offered by this sports book generally it is Bet Offer Creator (bet bet). Another solution is to point third parties to the results (this can be a data feed) or designate a special 3rd party node that is a knot node - this knot will complete according to a set of rules based on all other similar settlements.

The global regulated and unregulated gambling market is forecast to reach $533 billion by the end of 2017 with sports betting the highest contributor. That represents a 47% increase from the $363 billion market figure a decade earlier in 2007 according to Global Betting and Gaming Consultants1.

The Global online sports betting market is valued at $205 billion as reported by Statista and the gross gambling yield of the regulated global football betting market alone is expected to reach $80 billion2

As the decision of the BetterBetting developer to gives of reference with the works of sport betting schemes to gains of helps with the occupation as appealing use of work with the customs of tasks with the anchoring,
as might to gives with improvesment to follows with decision as might to put of settlement with the future betting slips on contracts within the customs of the blockchain system with the administratives.

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.

The service with the deliverance of the developer might helps user to gains of connection within the membership field to confronts of decision with the betting option as referring further with the chance as expending and receiving payment on dispute as attaining matches to work with the bet slips on preparation.

BETTERBETTING PLATFORM AND HOW IT WORKS

Betterbetting technology combines technology network such Blockchain and Peer-2-Peer technolgy, Escrow to create a robust sport betting platform.

With Betr, anyone can create a bet offer based on real sports events, this is more traditionally known as laying a bet. Each bet offer is grouped by market and event and listed in a searchable directory. Bettors wishing to place a bet can then search the directory and locate the bet they want. Betr also provides 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.

Betr uses smart contract based on Ethereum Blockchain store the agreed bets contracts and also holds the stake and liability in escrow. On settlement, the contracts are notified and either the bet stake is transferred to the Bet Offer creator or the liability is transferred to the Bettor. In the case of a push or refund, then the stake is returned to the bettor and the liability is returned to the Bet Offer creator.

The advantages of this platform are;

Peer to Peer betting with no central party: this allows 2 user to create a custom betting contract
Access to much larger bets: Bets are pooled so many parties can match a single bet.
Provably fair and unbreakable The software and transactions are provably fair and robust.
Ease of funding for bet placement with the use BETR (Betting coins)
Instant access to winnings

BETTERBETTING ICO AND TOKEN (BETR)

Betterbetting token (BETR) will be released during the contribution period. Betterbetting will sells ERC-20 compatible Ethereum-based BETR token. The aim of the token sale is to provide a discounted participation for the early adopters of the decentralized platform. To provide a functional lending market to such extent, early adopters are required. By purchasing BETR, the early adopters receives a discounted price for using the decentralized lending platform. The ICO has been structured to give the best opportunities to anyone who would like to participate from the very beginning, providing maximum flexibility and control for the participants.

Betterbetting token (BETR) will be used to purchase products and service on the Betterbetting network . It will also be used to provide incentive for early adopters.

TOKEN DISTRIBUTION

24% of tokens issued will be to founders and the team.

7% of tokens issued will be for advisors and bounty.

5% of tokens were sold to early stage investors

What are you waiting for?