The Better Betetting Foundation relies on efficient technical implementation to achieve its goal of providing Pool Global Betting. Along with the development of business needs, a technical inquiry is conducted to find the optimal technical solution. Basically, it is intended to provide a group of global liquidity betting for the use of targeted marketers and balticars. In principle, everyone can make a betting offer based on a real sporting event, which is more traditionally known as a bet.
Each betting bet will be grouped by market and event and listed in the searchable directory. Bookmakers who want to place bets can then search in the directories and find the bets they want. The betting procedure includes the blocking of Ethereal to keep a betting agreement that also holds shares and liabilities in escrow - the system will use self-issued bets (BETRs). When the event is over, event-related bets can be completed. To settle the bet, the result of the selection must be determined.
The smart bet agreement will contain information about the parties that will deliver the results of the selection. In the case of a bet this betting book is generally Bet Offer Creator (bet bet). The second solution is to refer third parties to the results (this may be a data feed) or to mark a special node of the third node that is a node - will be completed according to a set of rules that are based on all similar settlements.
One application and two connected systems
BBN is a download application installed on the user's device and contains the ethereum wallet. This is similar to blockchain applications as it does without central servers and nodes communicating with each other to maintain database status. BBN does not need to store data for an indefinite period, which is one aspect that distinguishes it from standard block networks where every node (or mine) stores a full copy of the transaction book.
How it works for everyone
There are two sides to bet. Under our terms, we invite the party who created (or placed) Bet 11 bid BET CREATOR. Traditionally it would be a sports book, but in our case, everyone could be the creator of Bet. On the other hand, the party that offered the offer (or part of it) is called BETTOR.
From the point of view of Bettors, they basically want to see a list of sporting events and betting opportunities with accessible obstacles and restrictions. Betting may be made by selecting a bet option and applying the bet amount. For CREATOR BET they want to create a Bet range of betting opportunities, options and limitations (maximum exposure to risk) and place them in the betting catalog so that Bettors can choose them as above. It is anticipated to create a standard BBN API that allows Creator Bet to directly integrate with its own systems and thus offers automatic creation of creations.
Above all, this system needs to know when a sports event is scheduled and when the results are out. To do this, the same API available for sports books can be used to connect samples of BBN and data feed providers. This will make it easier to create automated events, markets, and selections and can also facilitate results. One of the main features of the directory is to provide event ID, market, and selection so that event data may be paired with bookmakers. The Event ID contains the Primary Feed ID and may contain the Creator ID.
The structure of three layers of BBN
To provide a technical solution to these requirements, it is considered a three-tiered application that can be described in the following way:
At least $ 2 million, at most $ 30 million, will be raised through token publishing. This fund will be used for
- Better development and release of the bet protocol
- Development and open source software dapps and nodes
- Marketing to key stakeholders and consumers
- Legal and administrative expenses
Problem
The online gambling industry was missing some time new ideas. Betting is mainly for bookmakers, payment methods are outdated and players who win are regularly restricted or banned. There is a lack of security, lack of privacy, excessive fees and low wages, all these factors are elements that discourage gambling or lead to illegal gambling.
Solution - Why BETR betting is better
BETR is different. It is a crypto-currency bet that will establish a decent decentralized bet on online betting. With BETR, which provides financial security, real bets between the same are provided on the Internet with entities that do not have a previous connection. Using a blockchain we can offer sportsbook buyers who work without people or companies in the middle. The system is safe, software and transactions are probably fair and robust. Add the ease of paying bets with BETR money and the fact that you can bet more bets and you can see why BETR betting is the destination of the bet.
- Advantages
- Betting from peers to peers without a central bet
- Applicable for other activities
- Open Source Systems
- Access to the most important bets - wholesale sales
- Probably fair and inexhaustible
- There is no risk for subfunded buyers
- Funding for betting
- Direct access to benefits
Certification
Although parties can remain anonymous, they intend to integrate this system with existing books or sports exchanges. In this case. Betting may require an account with another person - the bets offered may be marked as requiring an account and authentication.
Finally, the protocol will include a distributed authentication system in order to facilitate the offer of roles by the players who need the player's account.
General market
By the end of 2017, the global regulated and unregulated gambling industry is expected to reach $ 533 billion, and sports betting is expected to become the biggest contributor. This represents an increase of 47% compared to $ 363 billion recorded a decade earlier in 2007, according to Global Consultants for betting and games.
The value of international online betting on the betting market is worth 205 billion dollars, according to a statement by the Statisticians, and the gross betting result of the world football industry is expected to reach 80 billion dollars.
According to Technaviou, the online game industry grew at a significant speed between 2010 and 2016, and is expected to keep its growth rate over the next five years.
ICO
The system will be financed by issuing a betting bonus (BETR). BETR will be limited to the total number of tokens that may exist and will be issued in accordance with the following schedule:
Plan
650,000,000 Tokens - the BETR amount is limited and can not be increased after the ICO.
Design and installation
October 30, 2017 - Preparation for Launch, PR, Corporate Technology.
General sales
December 15, 2017 - Start general sales
Running betting API started
March 2018 - The initial betting API defines the Token Encapsulates API. Bets can be set using tags
Authentication and identification
July 2018 - Launching the applied authentication layer Introduction
Bookmaker Dapp
September 2018 - The reference code for the Book application is published
Directory V2
October 2018 - Real decentralization comes in the catalogs
Launching and presenting
November 22, 2017 - public notice, the site is active, active marketing begins. Presales started to establish. Count to general sales.
Token can be sold
January 2018 - Late completion of public sale if not completed before, a token can be traded within 2 weeks
Directory V1
May 2018 - The first version of Better Betting Node has been released
Check our link address:
WEBSITE: https://betterbetting.org/
WHITEPAPER: https://betterbetting.org/BETTER_BETTING_Foundation_White_Paper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=2582662
BITCOINTALK: https://bitcointalk.org/index.php?topic=2633589.0
By RyanEncek
https://bitcointalk.org/index.php?action=profile;u=1076774
ETH: 0xaE5e525E57a6117fa00Ae27b57e94b92B1Bf0c51
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