Bitcoin Forum

Lucky ($LUCK) set to Revolutionize the Online-Gaming Industry
It is very unlikely that online gambling sites are going to suddenly pack up and disappear one day, but there are certainly some truths in the assertion that the industry is operating in murky waters. From payout squabbles to bet rigging and questionable terms and conditions regarding house edge, the flaws are indeed numerous. But don’t give up on online casinos just yet — Luckyis here to break the norm and change the game.


 
Blockchain-based casinos are known to make financial deposits and withdrawals much quicker than traditional online casinos. Further, blockchain-based casinos have facilitated anonymous gaming, considered a positive by some leaders in the industry. While true that blockchain-based casinos may have simplified online-gaming, one thing that has proven to be its greatest failure is its inability to tackle the challenges that have threatened the industry.
Enter Lucky, a firm with a clearly-articulated vision providing a trustless, borderless, secure and fast online gambling platform for both casual players and high-rollers alike — powered by blockchain technology. The entire Lucky system is designed with the end user (player) in mind, whereby all games are covered by a smart contract, in which absolutely no-one has any control over the games. At Lucky, a fair and randomized gaming system is assured for every player. Gone are the days of experiencing problems with payouts from gambling sites. Never again will a player needlessly suffer the frustration of being unable to claim their winnings on the same day, or even the next day.

 
P2P Game Flows
It is a given that most online casinos usually have a built-in algorithm to handle their house edge, while also utilizing a Random Number Generator process for the sake of fairness and transparency. Unfortunately it has been common for players to fall prey to a rogue casino operator running improperly or illegally, whose aim it is to rip-off players by hiding the payout table or not disclosing the potential amounts players would receive into their accounts. Blockchain technology provide an ideal way to curb this menacing practice. At Lucky, such malevolence is now a thing of the past with the utilization of channels allowing players to check every bet/spin of their session and make sure the games are completely random and fairly awarded.
A read through Let.Bet’s catalogue leaves one spoilt for choice of Sports Bet, Slot Machines (Normal and Jackpot) and Roulette in the offing.
 
SportBet Game Flows
Sports predication markets will be one of the first games available on our platform with the best odds guaranteed. Sports predication will be played peer-to-peer (P2P Play) or directly with a provider. At the end of each game, the result will be processed through a Smart Contract and payment distributed through Lucky’s automated payment system — powered by blockchain technology.
Our slot machine will be written on smart-contract, ensuring that the random numbers cannot be predicted by any of the parties in a typical gaming system. Lucky’s smart contract is fair and open and can be reviewed anytime. Roulette will also be another tantalizing option our players won’t want to miss.
While this is early our early days, our team of dedicated developers, designers and UX experts are working around the clock on the Lucky platform. We are consulting with outside Blockchain and Betting platforms to ensure it is the best online betting experience possible.


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