BetU
BetU - A crypto sports betting & casino platform.
BetU is a crypto sports betting, esports betting & casino platform. Secured by smart contracts and powered by the BETU Token. For sports and esports betting, BetU will offer traditional bookmaker services along with peer to peer betting that will result in better odds and bigger winnings.
BetU aims to become a leader in the global online betting market worth $530.2 Billion USD annually. In the wagering industry, BetU will be akin to a combination of Bet365, Betfair and Stake.com with the goal of taking significant market share. Bets can be placed with the BETU token and all major cryptocurrency including: BTC, ETH, USDT, BNB, USDC, BUSD & future partner currencies. Peer to Peer betting will be exclusively with the BETU token.
Bookmaking / Sportsbook Service:
BetU offers bookmaking services with odds, results feeds and risk management from BetRadar/SportsRadar for all sporting events and Oddin.gg for all esport events.
Online Casino:
BetU offers a complete online casino with games from all major game providers. Casino games include slots, blackjack, roulette, poker, live casino and more. The casino is integrated with SoftSwiss game aggregator and connected with all major providers including Evolution, NetEnt, Play'N'Go, Pragmatic, BGaming, iSoftBet, Relax Gaming & more.
Peer-to-Peer Marketplace:
The BetU Platform will enable people to become their own bookmaker and bet against their peers. Bet Makers can list bets with odds of their choice and Bet Takers can accept the best bets available. Individual peer-to-peer bet details will be uploaded via smart contracts to the blockchain and funds will be locked until a winner is determined.
BetU will be a marketplace of bets linking Bet Makers and Bet Takers. Users will be able to search for specific bets via sport, league, player, bet type, odds etc.
Bet Maker
The Bet Maker (The person offering the bet) acts as a bookmaker and determines the criteria of the bet, including: the event, type of bet, amount and the specific odds.
When a Bet Maker places a bet, the total potential payout of BETU tokens are locked.
A Bet Maker can cancel a bet at any time prior to a Bet Taker accepting a bet. When a bet is canceled the BETU tokens are unlocked.
Bet Taker
A Bet Taker (The person accepting the bet) can choose to accept a specific bet made by a Bet Maker. A Bet Taker can accept the entire bet amount or only a part of the bet to suit their preference.
If a Bet Taker only accepts part of the amount, the Bet Maker can leave the balance on the marketplace for other Bet Takers to accept or they can cancel the remaining amount.
Determining A Result
Results will automatically be determined by feeds from BetRadar & Oddin.gg.
In future versions, when a Bet Maker can create any type of bet, on any type of event, automatic feeds and oracles may not be able to determine the result. The winner will be determined by BetU’s proprietary Honest Bet System.
Winning Fee
BetU will deduct a 1% winning fee from the tokens won (profit) on all peer-to-peer bets to cover operational expenses. The winning fee will not apply for M.V.P & G.O.A.T BETU token holders. * No winning fee is deducted from bets with the BetU bookmaking service.
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