BetterBetting Building Peer-to-Peer Sports Betting Marketplace

Published Tuesday, November 28, 2017 -
BetterBetting Building Peer-to-Peer Sports Betting Marketplace

The concept is not that hard to grasp if the process is explained in plain language. The Bitcoin rise has everyone who didn’t have faith in crypto currency rethinking the past year and an investment that has made the most massive gains that anyone has seen since the dot com revolution.  

Gambling has a reputation as being risky business but those big time fund managers are still raking in millions using other peoples cash, after all that’s what banks do right. They charge big to lend you money and offer very little in interest to those ‘smart’ people who save their money in the banks.  

It is no wonder gamblers want a different kind of funding system and are finding crypto money is the key to that new way of trading services and goods on the internet.

A recent announcement by the BetterBetting Foundation that it will launch an initial coin offering that will introduce investors to BETR, a new betting crypto currency.  BetterBetting Foundation maintains that the virtual currency sale will “lay the foundations of the first truly decentralised peer-to-peer sports betting marketplace on the internet”.

Chief executive officer and founder of Better Betting Foundation, Adriaan Brink, commented, “By combining the power of blockchain with our experience and knowledge of the sports betting industry, we are introducing a new betting currency that understands the underlying structure of a sports bet, ensuring fair and robust betting opportunities between two parties, who do not have any relationship with one another.

“Working with major industry players, this decentralised liquidity marketplace for sports betting can be used in many different ways and provides automated programmatic interfaces so that existing sports books can link into the system.

“Working with, rather than against, major industry players with a zero margin model, we seek to provide the railway tracks for sports betting in the future."









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