Bitcoin Forum

https://cryptobet.to/pic/back_btalk.png

We are glad to present to the community the new paradigm of betting.

Betting fueled by transparent smart contract. Now every player bets against other players directly and all actions are executed within a public smart contract.

• No registration. Send bets directly from your wallet to the smart contract address.
• No verification needed. All winnings are returned by smart contract to your address automatically after the event is finished.
• No country limitations. Ethereum network is available worldwide.
• 100% transparency. Read the code and see the algorithm with your own eyes. No hidden rules, terms of services just straight and pure logic.
• Durability. The smart contract is ruled by Ethereum Network and its internal algorithms. It couldn't be stopped.
• In case of a draw or event cancelling all bets are returned back to their addresses.
• All coefficients are calculated in real-time and depend on the bets amount.

Our first smart contract is the fight between Khabib and McGregor. The most anticipated fight in the history of UFC.

Minimum bet is 0.01 ETH. No maximum limitations. Our commission is 5%. Winning side will get all funds of opposite side proportionally to the bet. In the case of event cancelling or draw 100% of bets will be returned.

Good luck and have fun.

Website:  cryptobet.to (http://cryptobet.to)
Smart-Contract: https://etherscan.io/address/0x2C101930fCCCC867141Bf653B962aCED709aA8Cf (https://etherscan.io/address/0x2C101930fCCCC867141Bf653B962aCED709aA8Cf)

Interesting. Right now I can see only one event listed on the entire website. Would you be hosting events the similar way or the site is yet to be fully completed? It's a bad marketing practice to launch a website with just one event. There is hardly any information on the site.

Thank you for the answer. We are going to cover all kind of sporting events in the nearest future as we wrote it's just the first smart contract.

By the way, whom are you rooting for? Khabib or Conor?

It is always pleasant to see more casinos based on smart contracts. It is cool, because one can at least be 100% sure that the funds will be transferred to the winner automatically. I am not very good with smart contracts, so perhaps you could clarify this thing to me: the value of this contract in eth equals zero, while the bet balance on your website is already 2.2 eth. Is it some sort of a mistake, or is the zero value due to the fact that it's not about the contract owner sending any of his/her own money? It just looks a bit confusing, as if that money sent by people is not 'ruled' by the smart contract... ???
I also think it's rather wrong to state that you have no country limitations. Online gambling is forbidden, say, in the US, and it means that you are not trying to operate on legal basis, which seems like a bad start.
Good luck anyway! And thanks in advance for clarification about smart contract value!

I'm obviously rooting for Conor, for he is the greatest to ever do it. You have a good niche at the right time in the market, people are sick of rigged odds controlled by the bookies in the market. KYC, sport-book fuck-alls are other painful circumstances to deal with. Smart contract auto betting, if executed properly could wipe out the centralised nature in betting. The problem is , most of the projects like yours are intended to make money from an ICO rather help community experience something new.

Thank you for the answer. Let me clarify things for you.

1. We have 1 master contract 0x2C101930fCCCC867141Bf653B962aCED709aA8Cf

It had created two sub-contracts. Just check here https://etherscan.io/address/0x2C101930fCCCC867141Bf653B962aCED709aA8Cf#internaltx
Each sub-contract is created for fighters
Conor
https://etherscan.io/address/0xAA6639847476AF4878090cf938F3de3462D0b58b
Khabib
https://etherscan.io/address/0x01fe65727e30e062d5d0f791b6efc6c55608159f

Each sub-contract has it's own balance and transactions which you could easily check.

We thought that we could use one address and ask people to add additional notes for the transactions. All wallets have such abilities but such conception is very confusing  for  people who are not familiar with Ethereum. Someone will forget to add note, another will write conNor or Xabib and so on. So we made sub-contracts for each fighter. Just click "bet now" and you will see that fighters have different Ethereum addresses.

At 7PM ETPT 6 Oct sub-contracts will be stopped. They will refuse to accept new transactions. Then all funds will be transferred to the master contract. After the fight  master contract will send all funds to the winnig side. In case of draw or cancel all bets will be returned.

As you see these 3 Ethereum addresses are made one big smart contract.



2. Betting and gambling are different.
Sports betting set to become legal across US after supreme court decision
https://www.theguardian.com/law/2018/may/14/sports-betting-gambling-legal-supreme-court-decision

The most interesting thing about smart-contract betting is that it makes possible to cut out middle man and creates direct agreements between participants.

Let's say you make a bet for Conor and I bet for Khabib. We use "classic" online betting site. In this case each of us are playing against betting website not against each other. Bookies could do whatever they want with our money.  We will never see real fond, we will never see their margin, we will never see real coefficients. We only see that they are giving golden and platinum bars, new iPhones and cars for "every one".

Now imagine that we use smart contract. Smart contract when it's published belongs to the Ethereum network. No one could change it after deployment. It's transparent. It states agreement between you and me. Which person or government could stop you and me to make an agreement on Khabib vs Conor fight?

We as a company not making lines or coefficients. We are not collecting participants funds to our accounts. Funds are allocated within Ethereum network and ruled by Ethereum Network. We just giving you the link to the smart contract location. This is a new phenomena. Phenomena of public automaton contract.

3. Do you want to try? Give me your ETH address I'll send you 0.01 ETH so you could try it and bet on the fighter of your choice.

Great choice. I like him but he will be mauled by Khabib  8).   Do you want a bet?  8) Give me your ETH address I'll send you 0.01 ETH so you could try it and bet on Conor.


We truly believe that open smart contracts will win in the future.

Is there only one game that you have on your site? Why not having more games? This is ridiculous to create a site with just having one game on it, I know this is not a big site but at least you should give us more choices to bet. Anyway gregor and khabib should be easy win for gregor, so I do not really think it is needed to bet if we already know the result. And khabib is not some underdog too here, so I do not think placing a bet on him will be a good choice

Wow, thanks for such a full response! I can see the subcontracts now and it all looks totally legit. I didn't know about that May 2018 decision, it's nice that you are keeping track of such things and making sure you are not operating illegally. Thanks for the offer about trying to bet. I never tried anything with smart contracts before (only read and heard a lot), so sure, it's very nice of you to offer me try beting: 0x1c2FEa6123892724E96e2794C3d91523281E992A! I'll definitely try to do some research and put the money you gave me on the best option just for the sake of experiment, at least.  :)

It is just the beginning, give them times to add more sports events like OP said previously. It is smart enough to start with this big event Khabib vs Gregor, as I do not see other big event in the next few weeks.
Of course more events would be better as not all people like to bet on UFC including me. If I have to choose then I will prefer to add soccer events as it is still the most popular sport in this world.

Wow! Direct betting has been returned available without registration. But, to be honest with your first this smart contract I am not interested for betting, if you can enter more sports betting in the future such as football that has high interest, I am sure there will be many who will bet if you can promote it better, I personally will wait for football betting to be available there and try for luck in smart contracts betting.  ;D

Thank you for the answer.

A journey of a thousand miles begins with a single step. We will add more events and sports soon.  What sports are you usually bet?


Do you remember how Nate Diaz choked Conor like a kid? ;) And Nate not even close to Khabib on his wrestling skills. Do you want to bet? I could send you 0.01 ETH so you could try and bet on Conor.

I've sent you 0.012 ETH Please choose your side wisely  :)

Thanks! I got the money! I am putting it on Khabib. McGregor looks like Daniel Negreanu of martial arts to me. He is more popular than good. IMO he underestimates Khabib's potential. Their personal conflict makes the fight even more interesting, as they were in good relationship until McGregor was transferred by the same division. McGregor is full of narcissism and certainty that he's better. This kind of attitude is likely to fail him in the real game. Khabib has the spirit. He is a Russian Muslim, and this itself is a combination that makes a person tough. Oh, now I see that most of people have their reasons to choose Khabib. I'm with you, guys.

Thanks for the bet. You've made a great choice  8)




Guys thank you for your support and opinions.

I mean I am betting on mma too but what everyone saw, there is only one game you got there. If only you have more matches to bet, I guarantee it will be more fun to bet. Or may be you can include the odds on who fall on the ground first or may be how long they got the KO, under round 1 etc, there is so many variances that you can put on your site there

Anyway if you want to sent some I would like to try what you have said, to bet on khabid, here is my address 0xe73396eaFDa8fb5Bfe18EF169B1A6955171C6e8b

Sorry forgot :D

Sure we will add more sports and events. You forgot to add the address.

Sent you 0.011 ETH

Are there any plans for allowing bitcoin holders to swap to ETH easily to participate in betting?

If you don't want the bitcoin bettors, really leaves your site limited to a smaller player pool.

Thank you for the answer. There are plenty of coin exchanges so it could be easily swapped.

Also Metamask wallet has Coinbase and Shapeshift integration and we highly recommend this wallet. It's super easy to buy ETH with BTC nowadays. But if plenty of people will ask for such feature we will add it.

Do you need any help to swap BTC to ETH?

is the free bet offer still available?
pretty obvious that McGregor doesn't stand a chance in this ,so I would love to test the site and earn some ETH in the process
while watching McGregor getting demolished,too
here is my addy just in case: 0xDDb0af151CD3FD43C949F5ab8f9Bfe56aBb5ac22
p.s. checked the bets and I think that people do not believe in McGregor somehow, wonder why  ;D

Thank you for the answer. 0.011 ETH sent.

We own more than enough alts....thanks for reminding us :)

Not hating on your site, you are posting in bitcointalk forum, so just seeing if you have plans that actually help the bitcoin community.

We get the concept of smart contracts being different from going to a site like onehash and fairly that do bitcoin market betting and peer to peer betting, an easy swap between BTC and ETH (or any alt) would just make it that much better was the what we meant.

Everyone should support BTC in some way :)  

thank you for the chance to test your site :)
go go Khabib
p.s. sadly, blockchain wallet prohibits sending to smart contracts directly, grrr
will have to try to find a different wallet to participate
maybe you can also set a non smart contract addy that auto resends the amount to the smart contract one? just a suggestion, do not throw stones at me :)

I'm highly recommend to use Metamask (https://metamask.io/). Super easy to install. Easy to buy ETH with BTC. It works smoothly.


Simple address contradicts for the whole idea. Smart-contract is an independent automaton entity that works in the ETH networks and you could easily see it's code. Non smart-contract address can't transfer funds. It could be done only manually and as you see it's a bad idea  :)

I see, yeah the whole idea revolves around smart contract and automation
I was just frustrated blockchain.com wallet doesn't send to smart contracts somehow
but I will install Metamask (finally) since many of the sites require it to function nowadays

so, the fight is over
Khabib demolished McGregor as predicted
but I don't see the contract resolved- the addy doesn't have any outgoing transactions at all
wonder what sets the contract's execution off, it could be a no event or how does it pick a winner after all?
could not find it in the contract itself: https://etherscan.io/address/0x2C101930fCCCC867141Bf653B962aCED709aA8Cf#readContract

I agree with veleten that the contract was not performed, which seems a bit weird to me. I also bet on Khabib, but there were no incoming transactions to my wallet. I thought that the whole point of the smart contract was its self-acting, but I never thought on what triggers it. Is it time, perhaps? Maybe even though the fight is over, there's a specific time in the future when the money will be sent out? Or is there an issue with the contract? I read once that like 25% of smart contracts have serious bugs... Anyway, waiting for the official reply from cryptobet.to on this matter!  :)

I just checked his address, and what you sent is still there means that he is not using your promo properly to try your service. I'm not really sure but maybe he forgot to place the bet on khabib which is absolutely unfortunate as he could win some more free eth.
How about the winners? Have they received their winning? Since your first event is finished already so when will you add more event as what you have said previously?

no winners received anything, as I said there are no outgoing transactions from the smart contract address
so something has gone wrong, maybe admin could find a minute and shed some light on it
the site itself is not updated , it features the fight still , also come think of it
focusing on just one event even if its a big fight won't make you much money
even with the free promotions the total bet was around 2.4 eth , so commission is going to be low

Hey, probably you are looking for the wrong tab at etherscan. You should inspect "internal transactions" (https://etherscan.io/address/0x2C101930fCCCC867141Bf653B962aCED709aA8Cf#internaltx) tab. All bets are paid back.

What was your address?

my addy was 0x0C86Ef5DF22a555b3f7B490Cc62748FCB6dB153a I think
tx id:https://etherscan.io/tx/0xbfb75409309625f582b38b985caa64b3b898007848908350951c91bf4e6103c2
pretty sure I didn't receive anything back although it was a winning bet

As I wrote, you should check "internal transaction" (https://etherscan.io/address/0x0C86Ef5DF22a555b3f7B490Cc62748FCB6dB153a#internaltx) tab.

Transaction Id https://etherscan.io/address/0x0C86Ef5DF22a555b3f7B490Cc62748FCB6dB153a#internaltx

You received 0.010444289513685862 Ether back. This is smart-contract transactions so they are showed at "internal transactions" tab.

again I didn't recieve anything back
https://etherscan.io/tx/0x8fde678731fbfeb81eecc8965bc9bf9df20717f4614f4d7a6152d0ac40875e14

as you can see there is nothing returning to my wallet :
https://etherscan.io/address/0x0c86ef5df22a555b3f7b490cc62748fcb6db153a
it is not a big deal since it wasn't my money first place, just that the contract wasn't executed properly
unless I'm missing something (besides the 0.01 eth in my wallet :)   )

Bro, please read carefully what I'm writing to you.


PART I


1. This is transaction that was made from address 0xe442A9B4ea6678582208AAa2a847c6e1C3a97829


2. It was never confirmed because user taekwondoma didn't add enough gas. Bet was never made from this address.
https://i.imgur.com/Wnir7OP.png

3. Is it your second account or you just copied wrong transaction id?


PART II


You need to educate yourself little bit how smart-contract works to get more understanding and stop to make false accusations.

4. Please navigate to internal transaction tab (https://etherscan.io/address/0x0c86ef5df22a555b3f7b490cc62748fcb6db153a#internaltx) and you will see that there was a transaction from smart-contract.
https://i.imgur.com/lXDqFzW.png

This is exact  transaction (https://etherscan.io/tx/0x4426ace9eba3fdf8e92f713d9a0eb4a10f1eb6ce14dd2b8d3dc121678854e3e1) 

https://i.imgur.com/W5d4Lvw.png

5. If you still don't believe me just take calculator and sum transactions and compare it with total balance.

You have 2 "INs" and 2 "OUTs". If you are right total balance should be around 0. But your current balance is 0.014235971513685862 ETH. And it means that there was another transaction that issimply not shown in the main tab because it's internal transaction from smart-contract.

And you need to watch it at internal transaction tab (https://etherscan.io/address/0x0c86ef5df22a555b3f7b490cc62748fcb6db153a#internaltx). That's simple.

I hope it's clear for you now.



 
 

This smart contract gambling sounds complicated for us simple minded gambling folks....

Buy Bitcoin  8)

Not really. You just need to get basic understanding. All transactions are transparent and could be seen. The best thing about smart-contract is that nothing could be cancelled. Just check this fresh post (https://bitcointalk.org/index.php?topic=5044749.0) and tons of others. Bookies do whatever they want if you are succesful. Beaty of smart-contract is that it is independent from people after deployment.  :)

I do not understand, you charge a 5% commission as an exchange, with the difference that if I use an exchange I have a program of thousands of markets to bet on and at the price I say and with discounts if I play important figures.
Instead on your site after 20 days from launch, you only have one game (already expired long ago)

I'm confused
all I know there is nothing in my wallets :( I might have mixed the transactions up though
I don't wanna make any false accusations, just not very literate with how the smart contracts work
well the good thing now I will take time and educate myself on this properly :) I do not use ETH alot as you can see
p.s. seems that holytransaction crappy wallet doesn't credit coins from smart contracts
it did happily send coins to a smart contract though,charging outlandish fees

I'm confused
all I know there is nothing in my wallets :( I might have mixed the transactions up though
I don't wanna make any false accusations, just not very literate with how the smart contracts work
well the good thing now I will take time and educate myself on this properly :) I do not use ETH alot as you can see
p.s. seems that holytransaction crappy wallet doesn't credit coins from smart contracts
it did happily send coins to a smart contract though,charging outlandish fees

[/quote]
I used Bitstamp to send ETH and I did not pay any commission, but Bitstamp before sending warns customers that the ETH address must be enabled for smart contracts.
Then there are sites that use smart contracts that warn customers not to use exchanges but to use only personal wallets

Metamask Chrome extension is good I have been using it since last year. Smooth and pretty easy to use. Moreover, we can buy ETH using coinbase account and shapeshift.

I try not to clutter my browser with extensions, also I prefer Firefox
do not use ETH that much and now will have to get a new online wallet for day to day transactions
I will send a support ticket to holytransaction to see how they explain that the amount was not credited