BETTERBETING

Februari 22, 2018

Future Betting Currency

Introducing BETR - crypto betting currency that will establish a truly decentralized sports bet on the internet. Providing a Global Pool Liquidity Betting, BETR is being built by veteran gaming industry, for this industry. BETR will be the exclusive crypto currency of some of the world's leading game operators.

Marketplace

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 Consultants.

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.

According to Technavio, the global market for online gambling has increased at a significant growth rate over the years 2010 to 2016 and projections are made that the market would maintain growth rates over the next five years. This growth has been forecast taking into consideration the previous growth patterns, the growth drivers and the current and future trends. One of which being large sporting events such as the upcoming FIFA World Cup 2018 in Russia as well as many other major sports events that take place around the world3. $3-trillion - the value of the global sports betting market according to a UN conference on crime. However, the vast majority of that is generated by unregulated gambling4.

In a report from Global and Gaming Consultants, Asia is the biggest market for gambling and sports betting in particular. It has grown at a consistent rate to more than $40 billion. In China, up to $1-billion can be gambled on a single game of football. It is estimated that there is an unregulated sports betting market of around $180 billion per annum in China alone and $60 billion annually in India predominantly through cricket5.

Ultimately, sports betting has become the fastest growing market segment within online gambling worldwide. We believe that the online sports betting market offers opportunities for coin usage that far exceeds many other ICOs currently offered. Our goal is to become the number 1 platform for crypto-currency gamblers to bet on sports.

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 BETR is different. It is the betting crypto-currency that will establish truly decentralised 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 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.

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