[ANN][ICO]Betrium —Worldwide Betting Exchange with API and Organizers Platform🎾

[Betrium]

Bounty campaign was already released. See https://bitcointalk.org/index.php?topic=2240704

Will there be a bounty campaign?

[zuzuca]

most of the platforms developed lately in the crypto world are getting lots of attention and are performing well...will see about this one also

[Betrium]

Thank you so much!

Betrium looks like a good and legit project and ICO, watching this project and wanting to see more details. Good luck to the dev team.

[Betrium]

Betrium launched Chinese version of web-site, as China is an important gambling market.
http://betrium.co/cn.html

[Betrium]

2 days till pre-ICO launch! Profit share for token holders, 500% discount. Let’s change the industry of $1 trillion annually!
http://betrium.co

[Betrium]

Betrium on Cryptoninjas!
https://www.cryptoninjas.net/2017/10/22/bookmaker-betting-exchange-betrium-launches-token-presale/

[wingding]

At first glance, the project is interesting. Did not find information about the Bounty program. Do you plan to do it?

[tund3r]

You know, we can write a lot of beautiful words about decentralization benefits and blockchain powerful technology. However, simply, there are few very important things for us and our future customers:
   — Our field, gambling and particularly betting, is risky and much regulated. What we really need is the system based not in one data-center, not in one or few countries. To be protected from regulators and agressive competiros, we’ve got to have no single center. Otherwise we can say hello to US IRS and FBI. Ideally, we’d build a system, that may work regardless of ourselves.
   — Customers guarantees. It happens everywhere, when bookmaker holds customer’s money, blocks accounts etc. We want to provide transparency. It is profitable for us (reputation) and for our customers.
   — Revenue sharing. The most safest way to provide some kind of «dividends» for our international investors (token holders) is blockchain.

However, our solution is partly decentralized. In Betrium bets happen off-chain and only added when the event happens and the outcome is undeniable. However the bets are broadcasted all over the network instantly for the odds to be recalculated.
That means, in contrast to competitors, we are able to provide high-speed betting service built on decentralized IT architecture.

Try to imagine how to reach our goals and to provide the service we’re going to provide in traditional approach.

What made you decide to use blockchain?

So why blockchain over a more traditional approach?

The bookmakers block accounts or hold credit because from time to time there is someone that finds the way to regularly beat the bookmaker or to cheat, this can destroy the bookmaker! The rule that there is an average of 10% profit is highly incorrect, this is true for the average gambler but you need only one that is able to spot a the wrong quotes and bet heavily to send the bookmakers in the red. This is why they get banned (I worked with mayor bookmakers in europe but some easy research on internet will be enough to find gamblers that have been banned for being successful).

Another thing extremely dangerous I saw in the whitepaper is to open everyone to create events, I can create an event for a third league, bet millions on the outcome and pay the players to lose the game. This is why not every match is listed by bookmakers but only the ones they have some certainty they are not going to be fixed. The only platform could list every game is betfair where the bets are between players and betfair takes a % of all bets (still they don't to guarantee to all the users that the match it's played fairly).

I'm not sure if this whitepaper is extremely naive or a scam, too many questions unanswered in this project and many gross hypothesis not confirmed

[Betrium]

Hello,
Our bounty program goes successfully here https://bitcointalk.org/index.php?topic=2240704

At first glance, the project is interesting. Did not find information about the Bounty program. Do you plan to do it?

[Betrium]

About 10% profit — we have an insider statistics from three different companies and different countries. 8-11% is an average yearly profit in CIS. Please correct us if you have more accurate data and provide some sources. We would be pleased.

It won't be open to everyone to create event. You'll need a special "vendor" account. Major sports will be moderated by our team for sure and the platform will be available for custom sports organizers (such as e-sports or small private leagues etc).

About Betfair — this is an exchange, right. What we're going to do is a mixed bookmaker and exchange  (two different services).

Also, what do you mean by "being successful"? How much?

Looks like you're just a player. Our team consists of few bookmaker's employers in past and in current. And now we receive a lot of employment proposals from different traders/analysts from all around the world, that is inspiring. It doesn't mean we think we're the most overqualified, we just had a lot of analysis inside and outside of "the system".

An important part of pre-ICO spendings is "white paper enhancement". We're going to prepare an IPO-level WP: analysis, statistics, risks, economic model, marketing etc.

You know, we can write a lot of beautiful words about decentralization benefits and blockchain powerful technology. However, simply, there are few very important things for us and our future customers:
   — Our field, gambling and particularly betting, is risky and much regulated. What we really need is the system based not in one data-center, not in one or few countries. To be protected from regulators and agressive competiros, we’ve got to have no single center. Otherwise we can say hello to US IRS and FBI. Ideally, we’d build a system, that may work regardless of ourselves.
   — Customers guarantees. It happens everywhere, when bookmaker holds customer’s money, blocks accounts etc. We want to provide transparency. It is profitable for us (reputation) and for our customers.
   — Revenue sharing. The most safest way to provide some kind of «dividends» for our international investors (token holders) is blockchain.

However, our solution is partly decentralized. In Betrium bets happen off-chain and only added when the event happens and the outcome is undeniable. However the bets are broadcasted all over the network instantly for the odds to be recalculated.
That means, in contrast to competitors, we are able to provide high-speed betting service built on decentralized IT architecture.

Try to imagine how to reach our goals and to provide the service we’re going to provide in traditional approach.

What made you decide to use blockchain?

So why blockchain over a more traditional approach?

The bookmakers block accounts or hold credit because from time to time there is someone that finds the way to regularly beat the bookmaker or to cheat, this can destroy the bookmaker! The rule that there is an average of 10% profit is highly incorrect, this is true for the average gambler but you need only one that is able to spot a the wrong quotes and bet heavily to send the bookmakers in the red. This is why they get banned (I worked with mayor bookmakers in europe but some easy research on internet will be enough to find gamblers that have been banned for being successful).

Another thing extremely dangerous I saw in the whitepaper is to open everyone to create events, I can create an event for a third league, bet millions on the outcome and pay the players to lose the game. This is why not every match is listed by bookmakers but only the ones they have some certainty they are not going to be fixed. The only platform could list every game is betfair where the bets are between players and betfair takes a % of all bets (still they don't to guarantee to all the users that the match it's played fairly).

I'm not sure if this whitepaper is extremely naive or a scam, too many questions unanswered in this project and many gross hypothesis not confirmed

[Betrium]

🎾PRE-ICO ONE DAY 6x OFFER EXPIRES in 10 HOURS! 🚀
 New press-releases:
http://www.newsbtc.com/2017/10/24/betting-exchange-betrium-presale/
https://www.cryptocoinsnews.com/pre-ico-live-betrium-launched-presale-worldwide-bookmaker-betting-exchange/

[Betrium]

Thank you!
64% of soft-cap raised on the first day of pre-sale!
We're now closer to the future of being world player on the global gambling market.
Don't miss 500% discount on pre-ICO.

[Betrium]

🎾Betrium on #1 Spanish-speaking website!
https://criptonoticias.com/mercados/plataforma-blockchain-apuestas-deportivas-betrium-ofrece-hasta-500-bono-preico/#axzz4wdP1AwD9

[Betrium]

YOU
Are the investor we're looking for.
🚀Pre-ICO LIVE: 500% discount will expire soon. Don't miss it.

[tund3r]

About 10% profit — we have an insider statistics from three different companies and different countries. 8-11% is an average yearly profit in CIS. Please correct us if you have more accurate data and provide some sources. We would be pleased.

You are correct but they ban every player that wins too much or they limit their bet, as well as they have absolute control of the matches that get listed. Their control over the players and the matches is the only way they can achieve such result. A few weeks ago a group of students was banned from betting on most of the platforms because a simple bot checking the quotes and finding profitable odd was giving them a 5% advantage over the house.

[Betrium]

Today Betrium announces one more important feature we've been working on for the last months.
We offer crypto-currencies volatility stabilization for users. In Betrium, balances will be fixed in the virtual USD/EUR, so users are protected from loosing in regular dumps. We're going to achieve that by integrating some exchange functionality (USD/BTC/ETH) and future partnerships with different local and worldwide exchanges.

[Betrium]

Betrium now featured on www.icoalert.com

Also, follow us, some good news coming up soon!

[earthcoin]

Today Betrium announces one more important feature we've been working on for the last months.
We offer crypto-currencies volatility stabilization for users. In Betrium, balances will be fixed in the virtual USD/EUR, so users are protected from loosing in regular dumps. We're going to achieve that by integrating some exchange functionality (USD/BTC/ETH) and future partnerships with different local and worldwide exchanges.

I'm still confused on exactly how this works. How does fixing balances in the virtual USD stop dumps?

[deeltje]

You know, we can write a lot of beautiful words about decentralization benefits and blockchain powerful technology. However, simply, there are few very important things for us and our future customers:
   — Our field, gambling and particularly betting, is risky and much regulated. What we really need is the system based not in one data-center, not in one or few countries. To be protected from regulators and agressive competiros, we’ve got to have no single center. Otherwise we can say hello to US IRS and FBI. Ideally, we’d build a system, that may work regardless of ourselves.
   — Customers guarantees. It happens everywhere, when bookmaker holds customer’s money, blocks accounts etc. We want to provide transparency. It is profitable for us (reputation) and for our customers.
   — Revenue sharing. The most safest way to provide some kind of «dividends» for our international investors (token holders) is blockchain.

However, our solution is partly decentralized. In Betrium bets happen off-chain and only added when the event happens and the outcome is undeniable. However the bets are broadcasted all over the network instantly for the odds to be recalculated.
That means, in contrast to competitors, we are able to provide high-speed betting service built on decentralized IT architecture.

Try to imagine how to reach our goals and to provide the service we’re going to provide in traditional approach.

What made you decide to use blockchain?

So why blockchain over a more traditional approach?

So you're going to completely skip regulation?

[GoBelle]

Betrium now featured on www.icoalert.com

Also, follow us, some good news coming up soon!

What's the best place to get up to date news on Betrium? This thread?