mBet_Shaun (OP)
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October 24, 2017, 03:30:54 AM Last edit: November 23, 2017, 12:10:57 AM by mBet_Shaun |
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MBET.IO MORE SPORTS, MORE LEAGUES, MORE GAMES
We are proud to introduce the mBet wagering platform. The platform is operational and can be tested at https://www.mbet.io Firstly; the platform consists of a traditional fully functioning sportsbook that accepts multiple cryptocurrencies, this platform is proprietary software and integrates several third-party casino style games (slots and live dealer table games) to provide users a total wagering solution. Further; in development is a decentralised parimutuel betting blockchain, based around an application specific smart contract. Initially focused on horse racing and later propagated to the entire wagering platform. The mBet platform delivers: - Lower operational costs; with fixture creation automation, automated odds compiling, monitoring liabilities, resulting and settlement.
- Open Architecture; in order to avail of integration opportunities with multiple third parties to expand market presence.
- Product on shelf; More sports, more leagues, more games than any competitor.
- Leading Industry Certification.
FIRST WEEKS RESULTS. We have come to the end of the first week of the platform being available to the public and we thought that we would share the results. The gross trading numbers are as follows: Turnover : 161,207 Gross Gaming Revenue (Profit): 14,271 That's a profit on turnover of 8.7% on turnover. HOW WE ARE DIFFERENT For starters we have a fully functioning sportsbook, we are ready to hit the ground running. But most importantly, in the transition to an application specific smart contract parimutuel racebook (now that’s a mouthful), we bring years of industry experience. BITCOINTALK CHATTER https://bitcointalk.org/index.php?topic=2305013.0
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mBet_Shaun (OP)
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October 24, 2017, 05:40:26 AM |
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Forgot to include the translation Bounty, we will give 4000 MBT's for the translation of the www.mbet.io site. The translation will include: - Terms and Conditions
- About Us
- Rules
- Responsible Gambling
and any thing else that may need translation. Languages Required: - Spanish
- Portugese
- Portugese (Brasil)
- Chinese
- Japanese
- Korean
- German
- Swedish
- Turkish
- Russian
- French
- Arabic
Just post in this thread with the comment I reserve XXX language.
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bon3s90
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There is a HERO in everyone of us!
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October 24, 2017, 05:58:02 AM |
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In your Whitepaper, you have a comparison chart. What do u mean with Production System? A working product? Also, there are several wrong information about your "competitors". e.g. HERO has a working product, offers (theoretically) more than one sports type with their API for 3rd parties and if I understand your "Revenue Distribution" right than also this is done by HERO with the "Pool Reward".
And finally, what is the reason you offer your service in the blockchain when you still have bookmakers? Why not cutting out the bookies like HERO does?
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mBet_Shaun (OP)
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October 24, 2017, 06:16:48 AM |
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In your Whitepaper, you have a comparison chart. What do u mean with Production System? A working product? Also, there are several wrong information about your "competitors". e.g. HERO has a working product, offers (theoretically) more than one sports type with their API for 3rd parties and if I understand your "Revenue Distribution" right than also this is done by HERO with the "Pool Reward".
And finally, what is the reason you offer your service in the blockchain when you still have bookmakers? Why not cutting out the bookies like HERO does?
Hi Mate. We are not ragging on Hero, they are a great product. We are just highlighting whats around in the wagering space. As for the transition to blockchain, we have been building wagering platforms for a decade now and we understand at this stage some things work commercially on the blockchain and some things don't. We are very excited about our parimutuel racebook that will be fully decentralised and operate wholly via a smart contract. But with a sportsbook to get consensus on the number of markets that are required to be competitive just isn't feasible at the moment. We didnt want to bullshit our community by saying things like "we are decentralised but we will operate centralised oracles" we just say that "at the moment we cant see a working solution for that amount of markets so we will use centralised oracles". We are offering a full service sportsbook that is functioning and able to go to market immediately, that will help to fund the further development of our blockchain based offerings. Whilst providing revenue for our supporters and hopefully drive up token price as we deliver milestones.
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penoze
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https://minepi.com/cryptomeneer
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October 24, 2017, 06:23:40 AM |
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Put mbet on my watch list.
If I understand good so far mbit wants to offer a platform with an decentralized solution to wagering.
Going through the whitepaper tonight for getting more informed about this project.
Kind regards,
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mBet_Shaun (OP)
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October 24, 2017, 06:31:23 AM |
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Put mbet on my watch list.
If I understand good so far mbit wants to offer a platform with an decentralized solution to wagering.
Going through the whitepaper tonight for getting more informed about this project.
Kind regards,
In the spirit of being totally transparent. We will launch with a traditional model, then release a decentralised parimutuel racebook in a few months. All the while trying to overcome the nightmare of concensus for a sportsbook. The minute we do we will move to a decentralised full service sportsbook. Cheers
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bon3s90
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There is a HERO in everyone of us!
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October 24, 2017, 06:36:16 AM |
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Hi Mate.
We are not ragging on Hero, they are a great product. We are just highlighting whats around in the wagering space.
Never said that ;-) Just wanted to say that you missed some aspects on your comparison chart As for the transition to blockchain, we have been building wagering platforms for a decade now and we understand at this stage some things work commercially on the blockchain and some things don't. We are very excited about our parimutuel racebook that will be fully decentralised and operate wholly via a smart contract. But with a sportsbook to get consensus on the number of markets that are required to be competitive just isn't feasible at the moment. We didnt want to bullshit our community by saying things like "we are decentralised but we will operate centralised oracles" we just say that "at the moment we cant see a working solution for that amount of markets so we will use centralised oracles".
We are offering a full service sportsbook that is functioning and able to go to market immediately, that will help to fund the further development of our blockchain based offerings. Whilst providing revenue for our supporters and hopefully drive up token price as we deliver milestones.
Thanks for your answer. For now it's not an investment case for me but I will follow you project! Wish you all the best
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mBet_Shaun (OP)
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October 24, 2017, 07:08:37 AM |
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Cheers.
Jump over, register and have a play around, worst thing that can happen is you end up with a few free MBT's
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bon3s90
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Activity: 434
Merit: 106
There is a HERO in everyone of us!
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October 24, 2017, 07:11:36 AM |
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Cheers.
Jump over, register and have a play around, worst thing that can happen is you end up with a few free MBT's
Will do that for sure ;-)
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Muheng
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October 24, 2017, 07:17:00 AM |
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i don't see the indonesian whitepaper on the thread above. can i help you to translate it?? PM me if you need it.
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bestino
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October 24, 2017, 07:44:03 AM |
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Cheers.
Jump over, register and have a play around, worst thing that can happen is you end up with a few free MBT's
I already registered and got free MBT's
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mBet_Shaun (OP)
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October 24, 2017, 07:48:10 AM |
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i don't see the indonesian whitepaper on the thread above. can i help you to translate it?? PM me if you need it.
I sent you a PM. We would be keen for you to have a look at translating the website also.
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penoze
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https://minepi.com/cryptomeneer
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October 24, 2017, 08:22:57 AM |
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Put mbet on my watch list.
If I understand good so far mbit wants to offer a platform with an decentralized solution to wagering.
Going through the whitepaper tonight for getting more informed about this project.
Kind regards,
In the spirit of being totally transparent. We will launch with a traditional model, then release a decentralised parimutuel racebook in a few months. All the while trying to overcome the nightmare of concensus for a sportsbook. The minute we do we will move to a decentralised full service sportsbook. Cheers Sound great so far. Is this project the same like wagerr or must I imagine something else. Wagerr claims to build something similar with masternodes who's confirm bettingcontracts.
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bon3s90
Full Member
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Activity: 434
Merit: 106
There is a HERO in everyone of us!
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October 24, 2017, 08:54:24 AM |
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Just tried to sign up on you platform. Seem like you are not supporting Austrian citizens?
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mBet_Rob
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October 24, 2017, 09:02:00 AM |
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Just tried to sign up on you platform. Seem like you are not supporting Austrian citizens?
Certain slots games are restricted however the Sportsbook and ICO should both be available everywhere. Make sure you use a valid email address and choose a password that includes atleast digits and letters. Just in case, give the registration page a refresh. Maybe Google Recaptcha rejected you for some reason. If that doesn't help pm me the email address you are trying to sign up with and I can investigate.
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mBet_Shaun (OP)
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October 24, 2017, 09:37:36 AM |
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Put mbet on my watch list.
If I understand good so far mbit wants to offer a platform with an decentralized solution to wagering.
Going through the whitepaper tonight for getting more informed about this project.
Kind regards,
In the spirit of being totally transparent. We will launch with a traditional model, then release a decentralised parimutuel racebook in a few months. All the while trying to overcome the nightmare of concensus for a sportsbook. The minute we do we will move to a decentralised full service sportsbook. Cheers Sound great so far. Is this project the same like wagerr or must I imagine something else. Wagerr claims to build something similar with masternodes who's confirm bettingcontracts. Firstly I want to say that I like what the wagerr guys are doing, we have just planned things a little different. The difference with the parimutuel racebook as apposed to the wagerr platform is that there are no P2P "matches"" required, so you cant have a situation where you wish to bet on an event but cant, either because nobody is willing to accept the odds you are offering or asking for. With our parimutuel racebook all wagers are escrowed within the smart contract, all bets of a particular type are placed together in a pool and payoff odds are calculated by sharing the pool among all winning bets.
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penoze
Legendary
Offline
Activity: 1235
Merit: 1003
https://minepi.com/cryptomeneer
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October 24, 2017, 09:58:18 AM |
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Put mbet on my watch list.
If I understand good so far mbit wants to offer a platform with an decentralized solution to wagering.
Going through the whitepaper tonight for getting more informed about this project.
Kind regards,
In the spirit of being totally transparent. We will launch with a traditional model, then release a decentralised parimutuel racebook in a few months. All the while trying to overcome the nightmare of concensus for a sportsbook. The minute we do we will move to a decentralised full service sportsbook. Cheers Sound great so far. Is this project the same like wagerr or must I imagine something else. Wagerr claims to build something similar with masternodes who's confirm bettingcontracts. Firstly I want to say that I like what the wagerr guys are doing, we have just planned things a little different. The difference with the parimutuel racebook as apposed to the wagerr platform is that there are no P2P "matches"" required, so you cant have a situation where you wish to bet on an event but cant, either because nobody is willing to accept the odds you are offering or asking for. With our parimutuel racebook all wagers are escrowed within the smart contract, all bets of a particular type are placed together in a pool and payoff odds are calculated by sharing the pool among all winning bets. Okay nice that sounds fair. Definitely have to read the whitepaper for more info. Thanks for your answers so far, if I have more questions I come back.
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mBet_Shaun (OP)
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October 24, 2017, 10:18:32 AM |
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No worries.
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clixcoin
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October 24, 2017, 10:21:44 AM |
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Betting site looking smooth and cool much easy to create account but when I clicked on Soccer tab nothing listed into category when people will be able to place bets on their favorite sports. This website is looking nice and I think it's worth to invest into this ICO.
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