The project’s top priority is fraud protection and bookmaker’s activity transparency (users can always verify the platform’s account balance). You can bet that betting will become more innovative.

1. Bestmatchingg Remove
2. Betmatch

People have been making bets since the earliest of times. In Ancient Greece, spectators used to bet on the Olympics’ participants, while in Ancient Rome – Romans used to bet on gladiators and chariot racers.

Back then, people placed bets by agreeing with each other. Bookmaking as a business originated in Britain two millennia later. Throughout history governments limited or even prohibited betting and gambling, as they took the matter very seriously. Betting industry boomed in the 1990s as bookmakers started to accept bets via the Internet.

Betmatch is a blockchain solution for bookmakers that combines the classical business model (executed in a trustworthy paradigm using blockchain technology) with the integrated social structure for the effective development of the community.

Typical betting platforms share the same problems, such as opacity, geographical payment limitations and necessity to trust site owners who might fix the odds or refuse to pay-out the winnings. All these problems can be easily solved by implementing blockchain and cryptocurrency into the core of a betting system.

• BetMatch.it BetMatch.it is an online sportsbook also offering baccarat, bingo, fantasy sports, games, live dealer games, live/in-play betting, lottery, other games.
• Online sports betting and daily fantasy sports are distinct products and regulated as such. Betting on the DraftKings Sportsbook is currently only available in certain states. To find out which states, check out our guide to where sports betting is legal.

In the majority of cases gamblers are not able to keep track of the funds and trace the bets in a blockchain. Such bookmakers use cryptocurrency only for client generation and do not make the next step.

Crypto-betting is secure, fast and transparent

Players using centralized betting systems risk losing their money, as the company itself decides how much will be paid-out in the end. BetMatch with its combined business model, however, is designed to create a long-term solution for modern cryptocurrency-based betting systems.

Blockchain technology can offer a solution that can break this cycle of mistrust and create a new standard for online betting. BetMatch project utilizes such a solution and offers betting based on blockchain technology.

BetMatch is a decentralized betting house that combines a classical business model based on traditional betting abiding by an unbiased paradigm that uses blockchain technology with a social betting network as the second (community-based) layer. BetMatch’s architecture offers several features that work together to create a safe and transparent betting system:

• elimination of the human factor and third-party influence on bet processing, results displaying and winnings pay-out
• all bets are unprecedentedly fair and transparent due to the use of blockchain technology
• cryptocurrency-only bets, which means no more payment systems’ fees on deposition and withdrawal or immense charges on the winnings
• “bookmaker’s guarantee” is replaced with “smart-contract”, which means that all the bets will be instantaneous and pay-outs can’t be delayed or cancelled
• using internal tokens for betting can reduce the internal fees twofold

BetMatch uses XBM internal tokens (Ethereum ERC20 standard). Using these for betting, users can drastically decrease the internal fees or even cash out said fees on top of the winnings. Users can also lease the XBM tokens to the users in need for a small percentage of their winnings. XBM tokens will also be awarded to active and useful members of the community, such as experienced forecasters or outstanding sports analysts. The token is listed and can be purchased on Latoken exchange, Crex24 and betmatch.io The token has grown 500% since its launch.

Funds are deposited on a smart-contract which automatically transfers currency for betting on the user’s account and pay-out is guaranteed by a dedicated liquidity pool the balance of which can be verified at any given moment. Every 100th block containing data on the private blockchain activity is uploaded to Ethereum public blockchain. That allows the system to operate with high speed but also provides security, decentralization and fail-safety. As a result of that BetMatch platform allows users to make live bets.

Do you know what game has the sum of the numbers = 666?

If so, take part in the competition!

You need to go to betmatch for that

• Register an account
• Make a deposit
• Leave in the comments your crypto wallet from which a deposit has been made

We will randomly send 50$ to 5 players to the account on December 10.

About Betmatch ICO (token sale)

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Betmatch ICO creates a blockchain solution for bookmakers that allows players to bet (against each other, as well as the betting service itself, which is a supplier of liquidity to the betting market within the system) using cryptocurrency, with a trustless system of client funds storage, betting calculation and execution of payments. The house also has a second layer, which is designed to self-organize a community of people interested in sports and bets on events (forecasters, influencers, athletes, analysts, information consumers and players) with a special motivation system.

Betmatch ICO

The Betmatch ICO project is aimed at building a blockchain solution for bookmakers that primarily allows players to bet against each other and the house using cryptocurrencies with trustworthy customer fund storage, bet execution, and payouts. The second layer of the system deals with a social betting network and a unique motivation system.

The project is composed of multiple modules that work together to create a trustworthy betting house:
1. Fund storage contracts;
2. Bet execution contracts;
3. Betting line-providing modules and a system for coefficient calculation;
4. Frontend UI/UX;
5. Backend related to web and application support.

Blockchain as an Integral Technology for Betmatch

Since ICOs and related token issue activities have become mainstream, many startup companies have decided to integrate blockchain into their services to reach a more speculative value and attract additional money to their business. It is quite clear that the majority of these projects only make their core business more complicated and expensive. In designing Betmatch’s business architecture, we carefully studied the advantages of applying this emerging technology to the betting process.

The primary areas where real value is added in betting through blockchain technology integration are:

Settlements
Cryptocurrency payments solve many of the issues related to fiat money transfers in the modern world for both the player and the betting provider.

Trustworthy Bet Execution and Payouts
Trust has real value, and in the betting industry, it is even more critical. Guaranteed by computer code, fast and easy payouts for wins are necessary and desired by every customer.

Social System Establishment
A majority of B2C models currently focus on building an active community around the brand and their main business models. Trust is the first key to community building and the overall transparency provided by blockchain gives the unique opportunity to create a modern social system around the business. In betting, the social system is connected with who, when, how, bets placed, and results.

XBM Token as a Unit for Forming a Social System

Within Betmatch, a system has been designed that primarily focuses on XBM token holders as well as on content providers who have information related to the betting world (forecasts, analysis, involvement in the sport world in some way, or others), each of who produces valuable content.

Betmatch

The token allows players to receive a discount on all system commissions on bets, including the opportunity to have completely commission-free bets within a certain limit. The token is used in a staking mode and is, therefore, frozen in account balances during the active period of use. The system as a whole is referred to as a staking discount token model.