BETR is a reflationary project for the peoples who betting online. BETR - A crypto currency ICO to establish a betting currency providing truly decentralised sports betting on the internet with the ultimate goal of providing a Global Betting Liquidity Pool.
Why BETR?
The online betting industry has lacked innovative ideas for some time. Odds are massively in favor of the bookmaker, payment methods are outdated and regularly winning players are restricted or banned. BETR is different. It is the betting crypto-currency that will establish truly decentralized sports betting on the internet. 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.
About BETR Betting is old system of making money and betters are making money from sports. We bet through many betting sites online but non of them support crypto currency. Here is BETR for you. First crypto based betting website. 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.
Lets start using BETR for betting. You can find BETR 2018 app in play store. download it from here. Register a BETRwallet account on www.betrwallet.com Now you need to transfer BETR and eth to your account. In the BETR2018 app, login to you BETRwallet . You will find lays and can bet on outright and single events . Once winning bets are resulted, BETR tokens are released . Enjoy Better betting with BETR. No one is holding your money.
How BETR works:
Laying bets
Everybody can lay a bet using BetterBetting’s unique peer-to-peer technology. Sportsbooks and exchanges can integrate the logic into their backend using the API and individual users can lay prices using Layor UI provided by BetterBetting.BetterBetting nodes use Ethereum smart contracts to store the layed bets to Ethereum blockchain. The contracts will contain the information of the bet offer including layors liability data and the bet settlement information.Fundamentally, the intention is to provide a global betting liquidity pool. Each bet offer will be 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.
Authentication
While parties may remain anonymous it is intended that this system can also be integrated with existing sportsbooks or exchanges. In this scenario placing a BETR bet may require an account at the counterparty – bets that are offered may be flagged as requiring an account and authentication.
The process of registration and authentication would also imply that those bets would not be pooled with others. BetterBetting intends to introduce a distributed authentication mechanism to facilitate the offering of bets by entities that require player accounts.
Escrow and settlement
When a BETR bet is placed an amount is agreed between the bettor and the layor and then funds from either side are escrowed until the underlying event has been resulted, at which point the bet is settled in favour of the winner. Placing a bet entails two important functions. The first is to hold the funds from the time that a bet is made until it is settled. The second is settlement in favour of the winner.
BetterBetting intend to cater for number of different resulting systems:
- Settlement will be at the discretion of the layor
- Consensus settlement, in the same way that the blockchain is kept inherently honest by all parties agreeing
- 3rd party settlement using a service which will provide resulting and arbitration
Why not start betting for the fifa world 2018 Final.
To know more please visit: https://betr.org/
read there rich whitepaper: https://betr.org/whitepaper-nov17.pdf