BetterBetting – BETR ICO Sports Gambling Bets Cryptocurrency

Tuesday, July 3, 2018

Before we proceed any further with this review, it should be made clear that the gambling market is one of the biggest economic drivers in the world today. As we speak, the global regulated and unregulated gambling market currently rakes in an average of around $533 billion per year. Out of this figure, it is estimated that nearly $205 billion of this comes solely from online gambling. In addition to this, tech giant Technavio says that the future of the online betting scene is set to grow tremendously within the next five years. According to company representatives, this growth has been forecast “taking into consideration previous growth patterns, growth drivers and current and future trends”.

About Betterbetting

Betterbetting  – the betting crypto-currency that will establish truly decentralized sports betting on the internet. Providing a Global Betting Liquidity Pool, BETR is being built by gaming industry veterans, for the industry. BETR will become the exclusive crypto-currency of some of the world’s leading gaming operators.There are several other sports betting operations that operate in the crypto space but we differ in one significant respect – we take no percentage of wagers and no margin. Betterbetting purely facilitate a peer-to-peer bet. Add to that a team of seasoned veterans with a wealth of knowledge in the online betting industry and the result is a robust solution designed by the industry to work with the industry.

The betting protocol (placing and settling of bets) will be implemented as smart contracts on the Ethereum network. While this is the core of the system – in fact a large amount of the functionality will be in the Better Betting Nodes – the distributed betting directory nodes. Due to the latency, performance and cost issues on Ethereum, BBN will coexist on a proprietary distributed system and be built to incorporate the Ethereum functionality. A BBN client will incorporate both its own proprietary fast protocol for the betting offer and also the Ethereumprotocols for bet placement and settlement.

Why Better Betting

  • Peer to Peer betting with no central party
  • Provably fair and unbreakable
  • Applicability to other gaming activities
  • All software will be open source and available for free
  • Access to betting in more jurisdictions
  • Access to much larger bets – global betting liquidity
  • No risk to punters from underfunded operators
  • Designed by the industry for the industry

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

Betterbetting is different. It is the betting crypto-currency that will establish truly decentralized 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 probably fair and robust. Add on the ease of paying for a bet through Betterbetting currency and the fact that you can make larger bets, and you can see why BETR Betting is the future of betting.

  • Peer to Peer betting with no central party
  • Applicability to other activities
  • Open source systems
  • Access to much larger bets – the wholesale angle
  • Provably fair and unbreakable
  • No risk to punters from underfunded operators
  • Ease of funding for bet placement
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IDEX is a decentralized exchange for trading Ethereum (ERC-20) tokens. IDEX combines the speed of centralization with the security of blockchain settlement.

Bisq is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative cryptocurrencies.

Crypto Trackers

CoinLib was built out of our curiosity and excitement around blockchain technologies. Our main goal is to build an informative yet simple tool, that helps you while navigating the amazing cryptocurrency world.

WorldCoinIndex is cryptocurrency source with price information and news. We supply fast and reliable price information.

Providing real-time coin prices, historical charts and crypto market cap for almost than 1500 coins on 100 major exchanges on your computer, tablet, and mobile phone.

Token Sales

The BETR Token Sale is now over. Development and marketing of the system will be funded through the recent sale of the BETR token. The Number of tokens is hard capped at $30 million. There was an early bird bonus system which has now finished along with the ICO.

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

Betterbetting 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.

BetterBetting Conclusion

Lastly, there is a hard cap of 650M tokens. For any further enquiries, users can get in touch with company representatives or customer care employees by emailing them on the address provided on the “contact us page”.

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