BetterBetting is a decentralized sports betting market that uses BETR tokens as its bet currency. BetterBetting aims to build truly decentralized online sports betting.

Project Highlights

Pe-to-point betting without center
By providing strong hosting and settlement services between two parties who do not know each other and do not have a co-operator, the system provides access to previously non-existent betting opportunities.
Applicable to other activities
The transaction does not have to include betting – the same system can be used for any activity where funds are escrowded before the result and then settled to the winner (such as a poker game), although BetterBetting initially focused on betting.
Very fair and unbreakable
Software and transactions are fair and powerful. Bettors need to know that they will receive a bonus – no doubt!
Get bonus instantly
The bonuses are distributed immediately after betting and are provided in instant crypto funds for use when the owner finds the right opportunity.
Gambling in more jurisdictions
Most jurisdictions that prohibit sports betting use operators as licensed entities. Individuals who want to bet will not violate the law, provided they do not gamble with unauthorized operators. With this system, the bet will only be made with another person – no operator.
Get a large number of wholesale bets
If the amount exceeds the expected risk amount of individual operators, the betting market will be large. The system will provide liquidity to enable these bets – without system restrictions. Bets are merged so that multiple parties can match a single bet.
Easy to bet funds
There are no more credit cards, wire transfers and other outdated payment mechanisms. BETR (Gambling Tokens) will be traded on major crypto exchanges and can be bought and sold with tokens such as Ether at any time.
Not subject to regulatory entities
Since there is no central intermediary, there is no licensed entity (such as a bookmaker or exchange). This does not mean that bookmakers and exchanges cannot participate in the behavior, but they are just another entity in the system.

Project operation mode

Betting
Everyone can place bets using BetterBetting’s unique peer-to-peer technology. Sports betting and exchanges can use APIs to integrate logic into the backend, and individual users can use the Layor UI provided by BetterBetting to price.
The BetterBetting node uses the Ethereum smart contract to store the bets placed on the Ethereum blockchain. The contract will contain information about the betting offer, including depositor liability data and betting settlement information.
Fundamentally, the goal is to provide a global pool of gambling liquidity. Each betting offer will be grouped by market and event and listed in searchable directories. Bettors who place bets can search the directory and find the bet they want.
Certification
While parties may remain anonymous, the system can also be integrated with existing sports betting or exchanges. In this case, betting on a BETR may require the counterparty’s account – the bet provided may be marked as requiring account and authentication.
The registration and certification process also means that these bets will not be merged with others. BetterBetting intends to introduce a distributed authentication mechanism to facilitate the provision of physical bets for player accounts.
Host and Settlement
When betting, an agreement is reached between the bettor and the depositor, and the funds from either party are then escrowed until the underlying event occurs, at which time the bet settlement is favorable to the winner. Betting requires two important functions. The first is to hold funds from betting to settlement. The second type is favorable to the winner's reconciliation.
BetterBetting is designed to meet the number of different outcome systems:
Settlement will be at the owner's sole discretion.
Consensus is just as the blockchain itself agreed by all parties remains true.
The third type of settlement is used for parties that provide results and arbitration services.

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