LetBet is set to create a revolution in the online gambling industry. Our aim is to create a platform that creates an innate trust in a potentially corrupt system for one to win a game (players’ view), get rewarded (developers’ view), and fair gambling (the service providers’ view) through a decentralized system is replaced by smart contracts through blockchain semantics in a trustless, borderless, secure, and fast online gambling system that benefits all.
LETBET is here to offer decentralised gambling platform based on the blockchain technology. The data privacy of the users is the most important aim of the platform. The cryptocurrency enabled platform allows anyone to join the platform and verify themselves to start gambling. They are offering a fast, secure, private, transparent and borderless platform for betting and Gambling industry.
THE CONCEPTS NEED TO KNOW
- What Is A Betting System?
A betting system is a crucial arrangement — created after an investigation of prior wins and misfortunes that builds players’ odds of winning more wagers in less time. On the other hand, the unceasing truth of betting is that no betting system works all the time. The systems are constantly loaded with chances. A betting system may at first appear like the player is cash. Be that as it may, over the long haul, they would not see much contrast in their misfortunes than if they hadn’t connected to a betting system. There are three distinct sorts of betting systems:
- positive betting system
in this system, players increment their wager each time they win. this is the best of the three systems as it doesn’t expect the player to have a major add-up to begin the diversion1.
- negative betting system
some players wish to wager much higher each time they lose. they do so with a desire to recuperate past misfortunes in a single winning wager. it requires a more significant bankroll and a solid heart to follow this system, and is consequently, viewed as a more unsafe betting system than the alternatives.
- insurance betting system
in this betting system the player diminishes their wager each time they lose. this is a more secure betting option and is viewed as a perfect betting method.
- positive betting system
- Structures of online betting
betting has been one of the most well-known and lucrative internet-based businesses. gambling commission industry statistics show that between april 2015 and march 2016 online gambling operators generated a gross gambling yield (ggy1) of £4.5 billion. this is due largely to the extensive variety of betting alternatives that are available to entice a wide range of players.
an article by darren et al, essentially an overview recorded in australia, demonstrated that the most well-known types of betting were lotteries (46.5%), keno (24.3%), moment scratch tickets (24.3%), and electronic gaming machines (20.5%)4.
- Types of online gambling
There are numerous types of online gambling. Not all of these would be present on our platform, but a typical number of games would be introduced on our platform following the LetBet road map. Because we are an open source, other game developers can sign up with us to list their game, which will be played on the LetBet platform inline with our goals.
Some prevalent online gambling games to note: poker, club, games betting, bingo, lotteries, uk national lottery, horse racing, mobile gambling, in-play betting, advance store wagering
On Roadmap, Dev team seems to work pretty well, now they have crossed the roadmap out. This team has completed three games, such as: Sport Bet, Slot Mach, Rolet ..
Noteworthy information includes two final stages for financial investors who may be interested:
In 4/2018 LetBet will put LBT on the domestic trading floor
In 6/2018 LetBet will put LBT on the international trading floor
ICO INFORMATION AND TEAM
The platform requires public support for the development of the application. The ICO is conducted for the public to be part of the Group. 20 million LBT Tokens are available in the presale which is currently live until 14th February 2018. The main ICO will have 70 million Coins for Public which will start from 24th February 2018 and continue until 24th March 2p18.