Frequently asked questions

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You can place a bet on the World Cup 2018 events with BETR2018.  In order to place a bet, you need the BETR2018 application and a BETR Wallet, with sufficient funds of BETR tokens and ETH. You can down load the BETR2018 App here . We also have a full step by step guide here.

You can go ahead and  place a bet and it will lead you to a wallet. Or if you would like to conenct your wallet before placing a bet, you can go to settings and add your wallet address

One for now. You can register your BETR Wallet account here. You can also access wallet through the BETR App where it is stored. In the future it will be possible to support more/other wallets. Currently we have two more BETR wallets in development and we are planning on supporting MEW.

This is just the initial release. We will be launching the second version in August and with it rolling out more functionality and sports and creating more of a user-friendly experience. However, we are not the operator or a sportsbook and it is not our intention to create a flashy front-end. We will provide the software to facilitate peer-to-peer betting.

Outright and single event prices/odds. You can swtich between the two using the buttons in the footer of the app.

We do not charge any fees. You will just need to cover the ethereum gas price. You need ethereum in your wallet to cover gas before making a bet.

BetterBetting network allows multiple layors to lay bets – this can be from an individual or a sportsbook. In most cases you will find many lays (often with different odds) under every selection. BETR2018 Android app displays the name of the layor and the Price/Odds of the offer. You will also see the max bet limit in the user interface. Press “BET” in order to choose your desired offer.

The amount the Layor is prepared to bet

No, you can only bet with BETR tokens. Our system is designed to work in BETR. That is the model. We aim to make it as easy as possible to buy and sell BETR from FIAT and crypto but this involves working with third parties and takes some time. If you wish to purchase tokens, you can go to a number of exchanges here.

It may be that you do not have ETH balance in your wallet. It’s not a perfect user experience, but this is the way how Ethereum blockchain works – you need a small ETH balance in order to cover the Ethereum gas cost of the transaction (keeping the balance of ca 0,02 ETH will be sufficient, as the gas fee is typically between 0,001 to 0,006 ETH).

This means that the parameters of your bet are being checked and confirmed against the parameters of the layer (individual or sportsbook) done on the Ethereum blockchain. It will be accepted or rejected accordingly.

Every lay (bet offer) has as a parameter the ether address of the node that will result the bet.  Initially we are controlling the resulting via a commercial results feed but the system is designed to be flexible.  Sportsbooks who integrate will typically want to control their own resulting so you will see the resultor and layor address the same.  We will also down the track cater for premium resulting – resulting from a fee paid service with more guarantees of correctness.  We also intend to launch consensus resulting which would take the weight of resulting from other methods

Better Betting Node the same hardware requirements apply as for standard Ethereum node – relatively modest CPU will be sufficiant and you should be fine with 4GB or RAM 

Go to your BETR wallet - your winnings will appear there. It may take about 10mins or so (depending on the network at that time) after the event has been settled. You can also see your placed bets under the Bet History tab in the top right of the application.

Yes, Layers can modify/delete the rules of all Lays which are not yet escrowed

No, the ICO is now over but you can go to a number of exchanges that we are listed on to buy BETR tokens. Please check out the exchanges page. 

Around $5.5m. (depending on Crypto rates) A total of 200,585,761 BETR tokens were sold in the ICO and pre-ICO. 

From 15th Dec 2017 until 31st Jan 2018. 

There are several other sports betting operations that operate in the crypto space but we differ in one significant respect – we take no percentage of wagers and no margin. We purely facilitate a peer-to-peer bet. Add to that a team of seasoned veterans with a wealth of knowledge in the online betting industry and the result is a robust solution designed by the industry to work with the industry.   

All sports! The Better Betting Node will hold a directory of sporting events, markets and selections which can be added to by any agent – the options are not limited by a singular node and this decentralised form of betting allows potential for any possible bets. As we are launching for the World Cup, football will be the first sport made available on the platform, and more sports will be rolled out post-World Cup as we gain more and more momentum. 

Token Contract Address: 0x763186eb8d4856d536ed4478302971214febc6a9 Decimal: 18 Token name: BETR Our token audit can be found here.

Our total token supply is just over 200 million tokens – 200,585,763 BETR. 

Our max capped supply is 650m tokens.  

BETR can be traded on exchanges like any other crypto coin but it is considered a token because it can be used to make bets. For more information and differences on cryptocurrencies and tokens, head to our Guide on Cryptocurrencies. 

If you head to our homepage there is a widget that updates live trading prices of BETR. 

No, BETR runs on the Ethereum network. 

The first draft of the BetterBetting API document is available here. It outlines the core functionality that we will offer to integrate with our service to lay, place, confirm and result bets on the BBN network. Updates to the API document will be published periodically when we have new features that will be supported. 

The first version launched for the World Cup 2018 and more leagues and functionality will be rolled out as momentum grows. 

We will be using our BBN (Better Betting Node) which is being specifically developed to facilitate the peer-to-peer betting transaction on the blockchain. Full details can be found in our Whitepaper. 

We have 2 app developments on the go, one with a 3rd party which is great as it is testing the APIs that we will make available to all post World Cup.  There will at minimum be a native Android app and also a web client. We are also working on wallet servers to make the process more streamlined and appropriate for non-crypto savvy users.

It’s essentially an Odds app which displays in an interface that looks like a sportsbook all bets that are available and allows you to enter a stake and click a button to submit the bet via a wallet server.  The wallet server actually signs the transaction and submits to the Ethereum network.

HitBTC, IDEX, Waves, Bancor, Bisq, ForkDelta – more to come and will be announced once we receive listings. 

Yes, we are. You can find us here. We also have our portfolio on Coinlib and WorldCoinIndex which provides live trading prices and stats. 

Try moving your tokens from transferred to an exchange account.

We have applied to a number of exchanges including those that are large, small, centralised and decentralised. Those we are currently listed on can be found on our website, and we will update this once we get confirmation from others.   Check out our Guide to exchanges for more information on Centralized and Decentralized exchanges.