You can place peer-to-peer bets on events from various sports leagues, including English Premier League, Championship League, Major League Baseball, cricket, and more! In order to place a bet, you need the BETRodds app (web app or Android native app) and a BETR Wallet, with sufficient funds of BETR tokens and ETH. You can download the BETRodds app here. We also have a full step by step guide here which explains how to bet with BETR.
Frequently asked questions
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.
The BBN allows multiple layers to lay bets – this can be from an individual or a sportsbook. You can access the lay site here. In most cases you will find many lays (often with different odds) under every selection. BETRodds 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 reference markets and odds are coming from major sportsbooks, but layers can choose to offer their own odds. In the future we are planning to add the possibility to setup unique markets.
The layer sets the maximum liability what they are willing to risk. No bet can confirm unless the layer has sufficient funds to back the bet.
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.
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). We have added a "Get ETH for Gas" button to make it easier for you to keep your gas funds topped up! Using this functionality you will exchange your BETR tokens for the preset amount (0,02 ETH) of ETH. Exchange rates are taken from HitBTC less 10%.. You can also use Changelly to buy 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.
You can cancel your bet at any point until the Layer has confirmed it. Go to "Bet History" to cancel. When the bet is confirmed by the Layer (this is when the bet is sent to the Ethereum blockchain), then it's not possible to retract or modify the bet.
The lay system automatically confirms bets if the parameters are correct. In those cases confirmation is fast - from couple of seconds to 1 minute. It can also depend on the volume of transactions on the Ethereum blockchain at that time.
In most cases bets get rejected by Layer, if they don't match the parameters: liability limit is reached, or Layer account doesn't have sufficiant funds (both ETH and BETR), or price/odds move while system is processing the bet.
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 layer 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.
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 app. In addition to that, you can also use blockchain explorer like https://etherscan.io/ and view your wallet transactions. Every bet and win is transaction on the Ethereum blockchain.
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. The ICO ran 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 BetterBetting Node (BBN) 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. More and more sports will be rolled out as we gain momentum. We currently offer soccer, baseball and cricket. First new sports to be added will be horse racing, US football, ice hockey and basketball.
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.
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 facilitated our first peer-to-peer sports bets during our soft launch of the first version of the BETR app which was specifically for the World Cup 2018. Since then we have updated the apps, adding more functionality and improved UX, and added even more sports and leagues. We now support markets in cricket, European football leagues, and baseball, and many more to come! Take a look at our roadmap and follow us on our social pages for updates!
HitBTC, Changelly, IDEX, Waves, Bancor, Bisq, ForkDelta – more to come and will be announced once we receive listings. See the full list here.
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.