🎲 UBET 🎲 sports betting platform ❤️ Try out web3 decentralized sports betting

[Slow death]

well i guess in your casino people don't need to go through KYC, so i'm wondering if your casino has a license in curacao, in case your casino doesn't have a license in curacao then how are you going to deal with the governments when they put it on your casino on their blacklist? because from what i can gather the governments are going after mixer and casino sites that do not have a license and do not comply with KYC procedures and when the government seizes the casino funds then the customers have zero chance of getting their money back and to make things even worse and that the governments are accusing the owner of the casino of very serious crimes

it is not a small crime, they are serious crimes such as the crime of money laundering, the crime of operating a casino without a license, these two crimes can make the owner of the casino, in case of being arrested, spend many years in jail, is it really worth it taking all this risk, in my opinion it's not worth it, but if you have some way of escaping the government's radar then you can continue on that path because many people don't like KYC but at the same time they fear not using casinos without a license because Do you know the consequences of using a casino without a license

[1715342997]

1715342997

[Ubetsports01]

Tiers of Decentralization: Where does UBET Sports stand?

We often hear about the buzzword "decentralization," especially from crypto and blockchain projects. Indeed, a “decentralized project” or “dApp” transforms into a “web3 project” at some point, and as I recall, it might have been the time when NFTs were popular. I wonder whether this was because NFT projects were less decentralized and weighed more towards exclusivity and community.

At UBET Sports, we use the two terms interchangeably, yet we prefer "decentralization" over "web3." We feel that decentralization has a more profound philosophy, where the blockchain started with the ideology of rebelling against centralized authorities. If the world had started as a decentralized system, maybe the community would have advocated more for centralization. Just to be clear, we are not advocating for one side and believe that both have pros and cons. However, when it comes to sports betting, we stand on the side of decentralization!

Having a fully decentralized app (DApp) is ideal. What does this mean? A couple of requirements that we can think of are:


(A) Blockchains must be decentralized.
I.e., the consensus algorithm must be fair, and equity needs to be dispersed.

(B) Non-custodial
 i.e., users connect to the blockchain directly using their wallet, and transactions happen directly on the blockchain.

(C) The computations for your applications are on-chain.

(D) The smart contract interacts with world data through oracles.

(F) Initial deployment needs to remain unbiased or anonymous.


Satisfying all of the above isn't an easy process. Developing an algorithm for a dApp can often be more challenging than for regular apps. For example, imagine dealing poker hands without a dealer in a fair way. Let's say we define tiers for decentralization based on the satisfaction of the above properties, and then work towards creating a complete dApp.



So how about UBET Sports?

Our platform is now on the Mumbai testnet but will be on Polygon soon! Of course, it is non-custodial. You can connect to UBET smart contracts using MetaMask, Trust Wallet, and Magic Link (email sign-up). Unlike other web3 sports betting platforms where the fixed odds are determined internally (outside of a blockchain), UBET leverages its own AMM to determine the odds within the blockchain. Remember that the code for smart contracts deployed on blockchains are available to the public! Together, this demonstrates the transparency of the internal processes of the platform and ensures the integrity of the UBET sportsbook.

Currently, the market creations are triggered internally to deploy the smart contracts, and the settlement results are pushed to smart contracts from outside of blockchain. Nevertheless, we hope to eventually have a sports oracle to trigger market creation and settlements!

The platform will evolve into an open sports betting system that is secure and transparent to users. The bettors can just enjoy themselves without worrying about sportsbook authorities like

1. Banning
2. Bet limits
3. Poor Odds / Prices
4. Poor product experience, especially when live betting
5. Slow payout process


Feel free to try out our platform at ubetsports.io. Your support and suggestions are greatly appreciated!

Website: http://ubetsports.io/
Twitter: https://twitter.com/UBet__Sports
Discord: https://discord.gg/B7brvUEAFG
Telegram: https://t.me/+bSVMidWbDdljZTc0

[Ubetsports01]

well i guess in your casino people don't need to go through KYC, so i'm wondering if your casino has a license in curacao, in case your casino doesn't have a license in curacao then how are you going to deal with the governments when they put it on your casino on their blacklist? because from what i can gather the governments are going after mixer and casino sites that do not have a license and do not comply with KYC procedures and when the government seizes the casino funds then the customers have zero chance of getting their money back and to make things even worse and that the governments are accusing the owner of the casino of very serious crimes

it is not a small crime, they are serious crimes such as the crime of money laundering, the crime of operating a casino without a license, these two crimes can make the owner of the casino, in case of being arrested, spend many years in jail, is it really worth it taking all this risk, in my opinion it's not worth it, but if you have some way of escaping the government's radar then you can continue on that path because many people don't like KYC but at the same time they fear not using casinos without a license because Do you know the consequences of using a casino without a license

Thank you for sharing, and we see your concerns.
Currently, our platform (testnet.ubet.exchange) is in beta, and it is on testnet. Also, we are in the process of getting a sports betting license.

Just to clarify a few points:
We are not a casino, we don’t have any slot machines or card games.
Different jurisdictions have different rules. We are definitely restricting geolocations on countries that require KYC when we go to mainnet.
Because UBET platform is decentralized and it is non-custodial. This means that you are holding your own money, we are not taking any of your money. There is no chance that customers will have trouble managing their own money (ref: https://medium.com/ubet-sports/tiers-of-decentralization-where-does-ubet-sports-stand-9c87e30a3182)

We hope that our answer addresses some of your concerns. Thanks!

[dimonstration]

Hello team, I participate on the tournament through the discord then I just saw this form https://www.ubetsports.io/sportsbook-tournaments for tournament registration. Is joining on the discord tournament is different on this tournament?

Also there’s a note that registration is only open before May 15 but the form is still available until now for late registration. I’m asking whether submission of application on the registration page is still possible? I already made a couple of successful bet on the casino for my review and I hope that my bets will be eligible for tournament. I thought the discord tournament registration is enough to enter though.

[MoneyCoinClub]

Transparency is a significant issue with Web3. It created a vacuum for dishonest people with no genuine outside world abilities to prey on the gullible.
Your project seems amazing and I hope you enhance the space in some way.

[Ubetsports01]

Hello team, I participate on the tournament through the discord then I just saw this form https://www.ubetsports.io/sportsbook-tournaments for tournament registration. Is joining on the discord tournament is different on this tournament?

Also there’s a note that registration is only open before May 15 but the form is still available until now for late registration. I’m asking whether submission of application on the registration page is still possible? I already made a couple of successful bet on the casino for my review and I hope that my bets will be eligible for tournament. I thought the discord tournament registration is enough to enter though.

Every three weeks, we hold a new tournament in the testnet phase, as well as Bug Bounty prizes, and we allow late registration entries. Your bets are qualified, and you can sign up here to get Real USDC cash prizes.

https://www.ubetsports.io/sportsbook-tournaments



You may see where you stand on our leaderboard.

https://www.ubetsports.io/bettors-leaderboard

[entebah]

Every three weeks, we hold a new tournament in the testnet phase, as well as Bug Bounty prizes, and we allow late registration entries. Your bets are qualified, and you can sign up here to get Real USDC cash prizes.

I'm interested to join it but all the discord links that i found on the website are already invalid maybe you can update the link?
can you explain how you calculate points for the winners of the tournament?

[MNBVC83]

#PROOF OF REGISTRATION
Forum Username:RTYUI23
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3463652
Telegram Username:@Habibrana_92
Participated Campaigns: Twitter. Telegram. Tiktok Discord Facebook
BSC wallet address: 0x289b3212623F8528B975e64Bd45879A761EA3cA7

[Ubetsports01]

Every three weeks, we hold a new tournament in the testnet phase, as well as Bug Bounty prizes, and we allow late registration entries. Your bets are qualified, and you can sign up here to get Real USDC cash prizes.

I'm interested to join it but all the discord links that i found on the website are already invalid maybe you can update the link?
can you explain how you calculate points for the winners of the tournament?

Sorry for the broken Discoed link. I asked my moderator to fix the broken link. For the time being, you can join by following this Discord link https://discord.com/invite/B97FJW97Ep

Check out this page to see how you calculate points for tournament winners https://medium.com/ubet-sports/elaboration-on-ubet-point-system-e156bc3d7984

For Beta Tournament https://www.ubetsports.io/sportsbook-tournaments

Refer a friend and get rewarded! https://www.ubetsports.io/referrals-contest

[bitterguy28]

Hello team, I participate on the tournament through the discord then I just saw this form https://www.ubetsports.io/sportsbook-tournaments for tournament registration. Is joining on the discord tournament is different on this tournament?

Also there’s a note that registration is only open before May 15 but the form is still available until now for late registration. I’m asking whether submission of application on the registration page is still possible? I already made a couple of successful bet on the casino for my review and I hope that my bets will be eligible for tournament. I thought the discord tournament registration is enough to enter though.

Every three weeks, we hold a new tournament in the testnet phase, as well as Bug Bounty prizes, and we allow late registration entries. Your bets are qualified, and you can sign up here to get Real USDC cash prizes.

https://www.ubetsports.io/sportsbook-tournaments

Welcome here in bitcointalk guys and yes Will be joining this event , I love to see tournaments  like what I use to play in the past gambling sites I am member.

Signing in Now guys , wish me luck lol.

You may see where you stand on our leaderboard.

https://www.ubetsports.io/bettors-leaderboard

WIll Love seeing my name here sooner , have not been in the ranking for years now as I tried preventing gambling regularly , but now that i have plenty of time? then for sure I will partake to what you are offering .

[entebah]

Every three weeks, we hold a new tournament in the testnet phase, as well as Bug Bounty prizes, and we allow late registration entries. Your bets are qualified, and you can sign up here to get Real USDC cash prizes.

I'm interested to join it but all the discord links that i found on the website are already invalid maybe you can update the link?
can you explain how you calculate points for the winners of the tournament?

Sorry for the broken Discoed link. I asked my moderator to fix the broken link. For the time being, you can join by following this Discord link https://discord.com/invite/B97FJW97Ep

Check out this page to see how you calculate points for tournament winners https://medium.com/ubet-sports/elaboration-on-ubet-point-system-e156bc3d7984

For Beta Tournament https://www.ubetsports.io/sportsbook-tournaments

Refer a friend and get rewarded! https://www.ubetsports.io/referrals-contest

thx, the discord link now is working and i think it will be good if you changed all the broken links from your website/medium to the working ones. because i found a few discord link before and all of them is broken.
Btw how long will we be able to see our rank in the spreadsheet if i register now?

[Ubetsports01]

I am conducting a research study to understand the motivations for betting, decision-making processes, and pain points of crypto sports bettors. The purpose of this study is to validate market assumptions and gather valuable insights. You can see more details here https://bitcointalk.org/index.php?topic=5453889.new;topicseen#new

[Ubetsports01]

thx, the discord link now is working and i think it will be good if you changed all the broken links from your website/medium to the working ones. because i found a few discord link before and all of them is broken.
Btw how long will we be able to see our rank in the spreadsheet if i register now?

I hope you are doing well. All broken Discord links on Medium and other sites have been fixed. All leaderboard positions are available until the end of the tournament. All new late entries' information is updated in every leaderboard update.

[Eternad]

thx, the discord link now is working and i think it will be good if you changed all the broken links from your website/medium to the working ones. because i found a few discord link before and all of them is broken.
Btw how long will we be able to see our rank in the spreadsheet if i register now?

I hope you are doing well. All broken Discord links on Medium and other sites have been fixed. All leaderboard positions are available until the end of the tournament. All new late entries' information is updated in every leaderboard update.

Is there a schedule or time line on when this Beta phase will be over? Also is all the UBCKS earned during the beta phase will be convertible to the real UBCKS token once the casino is already live on mainnet?

The casino looks promising because you allow liquidity pool for your sportsbook that gives chance for players to play as the house. I’m interested to see a roadmap on this project to know better what will be your future upgrade. I notice that you release sports by batch while there’s no live bets available or is live bets possible on smart contract bet since the odds keeps changing every seconds while smart contract approval take some time?

[Kavelj22]

I am conducting a research study to understand the motivations for betting, decision-making processes, and pain points of crypto sports bettors. The purpose of this study is to validate market assumptions and gather valuable insights.

This quote is from the offer that you posted a while ago, and it contains the conditions for participation:

✔️ Sessions will be conducted in English via Zoom or Google Meet (video must be turned on).
✔️ Participation in this session is voluntary and anonymous; no personal information will be captured during the session.
✔️ You will be compensated for your time with a $10USDC in Polygon.

✔️ How can you ensure that the conversation will not be recorded and that the data of the participants will remain protected?
✔️ Anonymity via video call?? Who can believe in this?
✔️ Do you think anyone would accept this offer for only $10? If you find people who do not care about their privacy and are willing to spend half an hour with their faces exposed to get a few dollars, make sure that they are people without experience and will not help you in anything.

[Ubetsports01]

thx, the discord link now is working and i think it will be good if you changed all the broken links from your website/medium to the working ones. because i found a few discord link before and all of them is broken.
Btw how long will we be able to see our rank in the spreadsheet if i register now?

I hope you are doing well. All broken Discord links on Medium and other sites have been fixed. All leaderboard positions are available until the end of the tournament. All new late entries' information is updated in every leaderboard update.

Is there a schedule or time line on when this Beta phase will be over? Also is all the UBCKS earned during the beta phase will be convertible to the real UBCKS token once the casino is already live on mainnet?

The casino looks promising because you allow liquidity pool for your sportsbook that gives chance for players to play as the house. I’m interested to see a roadmap on this project to know better what will be your future upgrade. I notice that you release sports by batch while there’s no live bets available or is live bets possible on smart contract bet since the odds keeps changing every seconds while smart contract approval take some time?

Thank you for your last comments. It is actually good that you asked that question. Currently only prematch is available at UBET Sports (ubetsports.io). We haven't worked on in-game market yet. You can expect the in-game feature next year. And YES, it will be in smart contract with oracle feeding the live odds. All our markets are on-chain once the markets are deployed.

BTW, our roadmap can be seen on our Who We Are page https://www.ubetsports.io/who-we-are

[frenchmika]

not lot of sports for now
bookies without tennis ? how

[sujonali1819]

not lot of sports for now
bookies without tennis ? how

The platform is still in testnet phase. So It's normal if you will miss something. Hopefully they will prepare everything + add as much as game they can before launching the mainnet.

This is just start, so try to share your suggestions to improve the platform.

[sunsilk]

Welcome to the forum, I've just checked in your bookie but it seems it's still in the Beta phase. Do you have any ETA on when you'll do the actual launch?

Anyway, wishing you luck as you're still starting and you're doing a lot to make your bookie better.

not lot of sports for now
bookies without tennis ? how

Even with esports, they still haven't got it yet and that's due to them being in the beta phase and it's understandable.

[Wapfika]

Welcome to the forum, I've just checked in your bookie but it seems it's still in the Beta phase. Do you have any ETA on when you'll do the actual launch?

Anyway, wishing you luck as you're still starting and you're doing a lot to make your bookie better.

There’s no data related on the actual launch based on their roadmap which the team just shared few post above https://www.ubetsports.io/who-we-are. Maybe their launch schedule is based on the results of this beta test trial that they are doing right now. They are still adding more sports in the sportsbook one after another so I believe they launch the actual sportsbook once they are already finished on the upgrade of essential feature of the game.

This is a hard task since they are doing this manually in able to match it with smart contract. Probably we can see full functionality of this casino on the last quarter of the year since the road map stated the completion of adding sports on the sportsbook.