BetterBetting The Future of Betting

Januari 31, 2018

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 intent 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 — it will complete according to a set of rules based on all other similar settlements. selection.

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.

The blockchain system helps with the open relation customs of transmission to offers public audience as might to join as gathering decision to get involves with the party as available and put of assessment as displacing use of submission of funds as regulated with the crypto finance administratives of independence entity with the open source system with no need of regulation from the third party moderation as the service goes on running exhibition.

How It Works For Everyone

There are two parties who bet. In our terms, we call the party that created (or put) a Bet 11 Offer a BET CREATOR. Traditionally this would be a sports book but in our case, anyone could be a Creator Bet. On the other hand, the party who took the offer 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 options with the available obstacles and limitations. By selecting a bet option and applying the bet amount, a bet can be made. For CREATOR BET, they want to be able to create a Bet Offer series with betting options, opportunities and limits (maximum risk exposure) and place them into the betting directory so Bettors can select them as above. It is predicted that a standard BBN API will be created that allows Creator Bet to integrate directly with their own systems thereby offering automatic offer of creations.

Above all this system needs to know when the sporting event is scheduled and when the results. To do this, the same APIs available for sports books can be used to link samples of BBN and data feed providers. This will facilitate the creation of automatic events, markets and selection and can also facilitate the results. One of the main features of the directory is to provide Event ID, Market and Selection so that event data can be paired with the betting creator system. The Event ID will include the Primary Feed Provider ID and may also include the Creator ID.

Structure of Three Layers of BBN

To provide a technical solution to these requirements, a three-layer application is considered which can be described as follows:

ICO

The system will be funded through the issuance of token bets (BETR). BETR will be limited based on the number of tokens available and will be issued according to the following schedule: