[ANN][TOKENPRESALE] mBet.io sportsbook platform

[mBet_Shaun]

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

[mBet_Shaun]

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.

[bon3s90]

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?

[mBet_Shaun]

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.

[penoze]

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,

[mBet_Shaun]

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

[bon3s90]

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

[mBet_Shaun]

Cheers.

Jump over, register and have a play around, worst thing that can happen is you end up with a few free MBT's

[bon3s90]

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 ;-)

[Muheng]

i don't see the indonesian whitepaper on the thread above. can i help you to translate it?? PM me if you need it.

[bestino]

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

[mBet_Shaun]

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.

[penoze]

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.

[bon3s90]

Just tried to sign up on you platform. Seem like you are not supporting Austrian citizens?

[mBet_Rob]

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.

[mBet_Shaun]

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. 

[penoze]

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.

[mBet_Shaun]

No worries.

[clixcoin]

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.  

[NokasKili]

Hi guys

Congratulations for this amazing interesting project!
 It seems very promising based on a new robust concept!
If by any change you required a professional Portuguese translator with experience and quality to support with ANN, Bounty, WHITE PAPER or websites translation to Portuguese, please kindly PM!

Previous works:
https://bitcointalk.org/index.php?topic=2209854.msg22258971#msg22258971
https://bitcointalk.org/index.php?topic=2207159.msg22218532#msg22218532
https://bitcointalk.org/index.php?topic=2207186.msg22219081#msg22219081
https://bitcointalk.org/index.php?topic=2207229.msg22219665#msg22219665
https://bitcointalk.org/index.php?topic=2176665.msg21830985#msg21830985


Thank you and all the success for project!

Best Regards,
Nokaskili