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Author Topic: [ANN][XBet.IO] - The world's first distributed betting application - escrowed  (Read 15885 times)
mybtclove
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June 14, 2014, 06:55:16 AM
 #41

won some sweet coins for Netherlands match.


What an unbelievable goal by Van Persie!!!!

There are only 2 curtanties - death and bitcoin
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IamNotSure
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June 14, 2014, 08:42:58 AM
 #42

I provided some market for yesterday's matches and won some XCP... Glad to see that the system works flawlessely !
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June 14, 2014, 03:53:16 PM
 #43

Hi everyone,

We have added a support chat on XBet.IO for your convenience.
If you have any question regarding XBet.IO and how to use it, or just want to talk about the world cup and the NBA finals, we welcome you to the XBet.IO chat.

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
xbet.io
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June 17, 2014, 08:17:39 AM
 #44

We have enhanced our user interface.

It is now possible to view all of your betting information, past and future, dirctly from XBet.IO.

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
chong ching
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June 17, 2014, 04:34:18 PM
 #45

xbet.io have made some big additions to their website.

this is their new control panel for users.

really helped me understand what was going on with my bets and it works perfectly with counterwallet.





and also one for past bets




I am betting on the world cup only with the only truly safe betting application.

Bet safe with your bitcoins Xbet.IO - be your own bookie! No login! Bets are instant! verified!
xbet.io
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June 23, 2014, 11:20:33 AM
 #46

Today's matches:




Place your bets!

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
statdude
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June 23, 2014, 03:18:27 PM
 #47

Announcing XBet.IO– the world's first distributed betting application

For the first time it is now possible to perform Bitcoin-based betting in a decentralized fashion, meaning without the need of entrusting your funds in the hands of a third party – all wagers made using our application are held in escrow by a smart contract until the bet is settled.

edit: details on affiliate program and it's bounty are at the end of the ANN text.

Live on XBet.IO


Among the benefits:
Secrecy:
Users have complete anonymity when using our services.
 
Security:
Users' funds are kept safe at the protocol level – thanks to the use of Bitcoin 2.0 technologies, the users are not required to transfer their coins into the custody of any application, and there is no centralized party that holds and manages users funds (no Mt.gox etc').
 
Transparency:
Because the application works using the Bitcoin Blockchain, all of its actions are visible to anyone and can be retraced by anyone with great ease.
 
Reliability:
The Counterparty protocol, which is the Bitcoin 2.0 protocol in which XBet.IO is implemented, is based on secured Bitcoin transactions, thus utilizes the Bitcoin network's highly secured and dependable features.
 
General Bitcoin benefits:
The use of Bitcoins holds numerous advantages over fiat currency (such as $, €, etc') - anonymity, independence, no inflation, cryptographic security, instant payments for any amount, and much more. Up until now, Bitcoin did not reach its full potential in existing large scale thriving industries, in which its special attributes gives it a distinctive edge and especially in the field of sport bets. The existence of a distributed and cryptographically secured system in which the operators of a betting application, or anyone else for that matter, have no ability to take / confiscate users funds, but can only decide which one of the participants is the winner of the pot is what distinguishes the XBet.IO application from any and all other sport betting websites, whether Bitcoin-based or Fiat-based. Introducing the sport bets industry into the world of Bitcoin can elevate the Bitcoin economy to great new heights.
 
Better odds:
For any wager, there is a counter wager, commonly referred to as 'The House wager' or 'Lay'. In old fashioned betting websites and casinos, the user bets against the house in the fixed unattractive odds determined by the 'House', and so the 'House' gains if and when the user looses. The XBet.IO application synchronizes users' bets and allows users to choose their own odds and bet directly between users. There is no middleman, thus all arbitrage revenue is there for the users to profit.
* In order to kickstart the application, counter wagers will be made on behalf of the XBet.IO application for bets that are- a. within the odds presented by the website as a non-organic odds (organic, meaning that a verified bet has been placed by a user); b. in lines where no odds-attractive, organic bets exist. This mechanism was set in place for a double purpose – both to allow users to know the real world odds for their wager and to ensure that the first attractive betters of every line will always have their offers matched for at least a portion of their wager.

 
What wagers can I make?


How many times did you get to see a match and said to yourselves "I don't know who will win, but I know there will not be a tie"? In the XBet.IO application you can choose to wager on the option that you think will happen and also for the opposite option, meaning everything but the specified result. For the aforementioned case, it is possible to place a bet that will award you with the pot in case of a draw (placing this kind of bet is called 'back', meaning that you are 'backing' the possibility of a draw),  or alternatively, you could place a bet that will award you with the pot in all cases except the draw, which means that it does not matter which team wins, as long as the result is not a draw, you will take the pot (placing this kind of bet is called 'lay', meaning that you are 'laying' an opposition to the possibility of a draw).
The XBet.IO application currently receives matches from all the major soccer and basketball leagues, including the 2014 world cup in Brazil. At this time the XBet.IO application analyzes results from over 200 different leagues from dozens of countries.
During the summer, the main event will be the 2014 world cup in Brazil, and the NBA finals.
Incorporating additional lines, sports and countries is already in play.
 
How to make a bet?
Check out this one minute tutorial and you will be good to go:
https://xbet.io/how_to_bet
1.       Browse through the various lines available on the XBet.IO application until you find one that you want your make your bet on.
2.       Insert the details of the bet that you want to make (your betting address, wager amount and your desired odds. All other details are preconfigured to match the bet type which you have selected).
3.       Paste the bet code in your account at Counterwallet.co and hit send.
Done!
Your bet has now been placed and can be matched by other users from the Bitcoin network.
 
Since the XBet.IO application is based on the Bitcoin blockchain, and implemented using the Counterparty protocol, in order to use it, one must acquire some Bitcoins and as many XCP as one would like to place as wagers. All wagers, counter wagers and pots are denominated in the form of XCP, which is the native currency of the Counterparty protocol. It is possible to acquire XCP through a traditional exchange service, such as BTER.COM or, and it could also be purchased using Counterparty's built-in decentralized exchange.
Placing bets, buy/sell orders on the decentralized exchange, and many other options are made easy through a free service called Counterwallet- a user friendly online wallet, built by the Counterparty protocol original developers.
 
Some of our future plans:
1.       Incorporating additional sports, starting with tennis and horse racing.
2.       Incorporating global events.
3.       Expanding the betting possibilities for each single event.
4.       Binary options.
5.       Issuance of the XBet.IO application on top of the Counterparty protocol.


What is new since the PRE ANN?
As you might have noticed, a test version on testnet was publicly available since may under the name CounterSports.com. Since then, we have made the following enhancements:
Improved UI.
Integrated fully with Counterwallet.
Added the NBA finals and other basketball leagues.
Changed domain, logo and branding.
Completed intense testing on the application.

Live on XBet.IO

Affiliates Program
We are proud to announce the XBet.IO affiliate program.

If you too are excited by Bitcoin, Bitcoin 2.0 technology and the promise it entails, come and earn some money of it.
As affiliates in XBet.IO's affiliate program, you will receive 20% of the fees collected by XBet.IO from users referred by you. For life!
For additional details and signup, press here.

A bounty for 100 XCP will be given to the highest rated affiliate at the end of the world cup!
A bounty for 50 XCP will be given to the 2nd highest rated affiliate at the end of the world cup!
A bounty for 10 XCP will be given to the 3rd highest rated affiliate at the end of the world cup!

edit:
Place your bet using Counterwallet - https://counterwallet.co

What does the press has to say?

http://www.bestbitcoincasino.com/xbet-io-enables-sports-bets-using-blockchain-and-counterparty-xcp/


Users' content
http://jpja.net/2014/06/counterparty-adds-betting-to-bitcoin/
http://knircky.blogspot.com/2014/06/peer-to-peer-sportsbetting-in-5-steps.html
Reddit : http://www.reddit.com/r/Bitcoin/comments/27u0u7/peer2peer_betting_with_bitcoincounterparty/
Added chinese language support (credit goes to amy_bit)-
counterparty中国志愿者论坛出品:如何使用xcp参与bet
http://8btc.com/forum.php?mod=viewthread&tid=5750&page=1&extra=#pid16181



So even though the site is connecting decentralized bets you guys take a fee?
interesting. how much?
mybtclove
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June 26, 2014, 11:12:07 PM
 #48

Announcing XBet.IO– the world's first distributed betting application

For the first time it is now possible to perform Bitcoin-based betting in a decentralized fashion, meaning without the need of entrusting your funds in the hands of a third party – all wagers made using our application are held in escrow by a smart contract until the bet is settled.

edit: details on affiliate program and it's bounty are at the end of the ANN text.

Live on XBet.IO


Among the benefits:
Secrecy:
Users have complete anonymity when using our services.
 
Security:
Users' funds are kept safe at the protocol level – thanks to the use of Bitcoin 2.0 technologies, the users are not required to transfer their coins into the custody of any application, and there is no centralized party that holds and manages users funds (no Mt.gox etc').
 
Transparency:
Because the application works using the Bitcoin Blockchain, all of its actions are visible to anyone and can be retraced by anyone with great ease.
 
Reliability:
The Counterparty protocol, which is the Bitcoin 2.0 protocol in which XBet.IO is implemented, is based on secured Bitcoin transactions, thus utilizes the Bitcoin network's highly secured and dependable features.
 
General Bitcoin benefits:
The use of Bitcoins holds numerous advantages over fiat currency (such as $, €, etc') - anonymity, independence, no inflation, cryptographic security, instant payments for any amount, and much more. Up until now, Bitcoin did not reach its full potential in existing large scale thriving industries, in which its special attributes gives it a distinctive edge and especially in the field of sport bets. The existence of a distributed and cryptographically secured system in which the operators of a betting application, or anyone else for that matter, have no ability to take / confiscate users funds, but can only decide which one of the participants is the winner of the pot is what distinguishes the XBet.IO application from any and all other sport betting websites, whether Bitcoin-based or Fiat-based. Introducing the sport bets industry into the world of Bitcoin can elevate the Bitcoin economy to great new heights.
 
Better odds:
For any wager, there is a counter wager, commonly referred to as 'The House wager' or 'Lay'. In old fashioned betting websites and casinos, the user bets against the house in the fixed unattractive odds determined by the 'House', and so the 'House' gains if and when the user looses. The XBet.IO application synchronizes users' bets and allows users to choose their own odds and bet directly between users. There is no middleman, thus all arbitrage revenue is there for the users to profit.
* In order to kickstart the application, counter wagers will be made on behalf of the XBet.IO application for bets that are- a. within the odds presented by the website as a non-organic odds (organic, meaning that a verified bet has been placed by a user); b. in lines where no odds-attractive, organic bets exist. This mechanism was set in place for a double purpose – both to allow users to know the real world odds for their wager and to ensure that the first attractive betters of every line will always have their offers matched for at least a portion of their wager.

 
What wagers can I make?
http://i.imgur.com/l798JEn.png

How many times did you get to see a match and said to yourselves "I don't know who will win, but I know there will not be a tie"? In the XBet.IO application you can choose to wager on the option that you think will happen and also for the opposite option, meaning everything but the specified result. For the aforementioned case, it is possible to place a bet that will award you with the pot in case of a draw (placing this kind of bet is called 'back', meaning that you are 'backing' the possibility of a draw),  or alternatively, you could place a bet that will award you with the pot in all cases except the draw, which means that it does not matter which team wins, as long as the result is not a draw, you will take the pot (placing this kind of bet is called 'lay', meaning that you are 'laying' an opposition to the possibility of a draw).
The XBet.IO application currently receives matches from all the major soccer and basketball leagues, including the 2014 world cup in Brazil. At this time the XBet.IO application analyzes results from over 200 different leagues from dozens of countries.
During the summer, the main event will be the 2014 world cup in Brazil, and the NBA finals.
Incorporating additional lines, sports and countries is already in play.
 
How to make a bet?
Check out this one minute tutorial and you will be good to go:
https://xbet.io/how_to_bet
1.       Browse through the various lines available on the XBet.IO application until you find one that you want your make your bet on.
2.       Insert the details of the bet that you want to make (your betting address, wager amount and your desired odds. All other details are preconfigured to match the bet type which you have selected).
3.       Paste the bet code in your account at Counterwallet.co and hit send.
Done!
Your bet has now been placed and can be matched by other users from the Bitcoin network.
 
Since the XBet.IO application is based on the Bitcoin blockchain, and implemented using the Counterparty protocol, in order to use it, one must acquire some Bitcoins and as many XCP as one would like to place as wagers. All wagers, counter wagers and pots are denominated in the form of XCP, which is the native currency of the Counterparty protocol. It is possible to acquire XCP through a traditional exchange service, such as BTER.COM or, and it could also be purchased using Counterparty's built-in decentralized exchange.
Placing bets, buy/sell orders on the decentralized exchange, and many other options are made easy through a free service called Counterwallet- a user friendly online wallet, built by the Counterparty protocol original developers.
 
Some of our future plans:
1.       Incorporating additional sports, starting with tennis and horse racing.
2.       Incorporating global events.
3.       Expanding the betting possibilities for each single event.
4.       Binary options.
5.       Issuance of the XBet.IO application on top of the Counterparty protocol.


What is new since the PRE ANN?
As you might have noticed, a test version on testnet was publicly available since may under the name CounterSports.com. Since then, we have made the following enhancements:
Improved UI.
Integrated fully with Counterwallet.
Added the NBA finals and other basketball leagues.
Changed domain, logo and branding.
Completed intense testing on the application.

Live on XBet.IO

Affiliates Program
We are proud to announce the XBet.IO affiliate program.

If you too are excited by Bitcoin, Bitcoin 2.0 technology and the promise it entails, come and earn some money of it.
As affiliates in XBet.IO's affiliate program, you will receive 20% of the fees collected by XBet.IO from users referred by you. For life!
For additional details and signup, press here.

A bounty for 100 XCP will be given to the highest rated affiliate at the end of the world cup!
A bounty for 50 XCP will be given to the 2nd highest rated affiliate at the end of the world cup!
A bounty for 10 XCP will be given to the 3rd highest rated affiliate at the end of the world cup!

edit:
Place your bet using Counterwallet - https://counterwallet.co

What does the press has to say?

http://www.bestbitcoincasino.com/xbet-io-enables-sports-bets-using-blockchain-and-counterparty-xcp/


Users' content
http://jpja.net/2014/06/counterparty-adds-betting-to-bitcoin/
http://knircky.blogspot.com/2014/06/peer-to-peer-sportsbetting-in-5-steps.html
Reddit : http://www.reddit.com/r/Bitcoin/comments/27u0u7/peer2peer_betting_with_bitcoincounterparty/
Added chinese language support (credit goes to amy_bit)-
counterparty中国志愿者论坛出品:如何使用xcp参与bet
http://8btc.com/forum.php?mod=viewthread&tid=5750&page=1&extra=#pid16181



So even though the site is connecting decentralized bets you guys take a fee?
interesting. how much?

xbet.io fee is 1% !!!

There are only 2 curtanties - death and bitcoin
que23
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July 12, 2014, 11:21:40 PM
 #49

The Captcha just keeps asking for me to input the code. Also, the tutorial crapped out.
xbet.io
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July 13, 2014, 10:00:24 AM
 #50

The Captcha just keeps asking for me to input the code. Also, the tutorial crapped out.

Thank you for your feedback.

We are on it.

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
Jpja
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July 15, 2014, 10:58:17 AM
 #51

I made some bets on the world cup. It worked very well, and I'm amazed by the potential.

What are your future plans? Personally, I'd be happy to see bets on the bitcoin price, gold price, S&P 500, etc. Binomial bets should be easy to implement, but CFDs would be awesome.
xbet.io
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July 16, 2014, 08:48:15 AM
 #52

I made some bets on the world cup. It worked very well, and I'm amazed by the potential.

What are your future plans? Personally, I'd be happy to see bets on the bitcoin price, gold price, S&P 500, etc. Binomial bets should be easy to implement, but CFDs would be awesome.

Hi Jpja,

We are happy you had fun betting on XBet.IO, that's what it's all about.

Our short term plans are to add sports types and enhance the user experience.

We have also recently launched a new service allowing BTC holders to bet directly with BTC, by simply sending it to an address dedicated to their bet.

This eliminates the need of buying XCP or opening a Counterwallet account prior to betting and is a major enhancement as it eases the adoption of XCP for first time users.

CFDs and other implementations of the Counterparty protocol are a future task.

Bet safe with BTC - XBet.IO. Be your own bookie!
- You choose your odds - Bets are anonymous - Instant bets - No login
Zurtz
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December 20, 2014, 09:56:57 AM
 #53

Great service. However I'm a french player and your website say " It appears that you are located in a country in which we are legally unable to provide services.
If you are using Tor Browser from a country in which the use of this website is allowed, please press the green "New Identity" button and this problem will be solved immediately. "

As Bitcoin is not a currency in France, you may accept us Smiley
Haslett5236
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December 20, 2014, 10:09:29 AM
 #54

Today's matches:




Place your bets!

wow , this is a bet game?

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profitofthegods
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April 12, 2015, 01:00:30 PM
 #55

What is the fee split for somebody using your Oracle program to publish and settle bets?
Btc_W
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April 17, 2015, 01:44:22 AM
 #56

xbet.io is down, does anyone know what is going on with the website?
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