LETBET PLATFORM

LETBET PLATFORM

LetBet is set to create a revolution in the online gambling industry. Our aim is to create a platform that creates an innate trust in a

potentially corrupt system for one to win a game (players’ view), get rewarded (developers’ view), and fair gambling (the service providers’ view) through a decentralized system is replaced by smart contracts through blockchain semantics in a trustless, borderless, secure, and fast online gambling system that benefts all.

Letbet is a platform, an ecosystem for Gambling which empower Users/ Player/ Gambler with the most Advanced Technology. Providing the infrastructure based on advanced blockchain technology, a cutting edge advanced technology in comparison with traditional ERC20 method.

What is the Betting System ?

A betting system is a crucial arrangement – created after an investigation of prior wins and
misfortunes that builds players’ odds of winning more wagers in less time. On the other hand,
the unceasing truth of betting is that no betting system works all the time. The systems are
constantly loaded with chances. A betting system may at frst appear like the player is cash.
Be that as it may, over the long haul, they would not see much contrast in their misfortunes
than if they hadn’t connected to a betting system.

There are three distinct sorts of betting systems:

• ·         POSITIVE BETTING SYSTEM
• ·         NEGATIVE BETTING SYSTEM
• ·         INSURANCE BETTING SYSTEM

TYPES OF ONLINE GAMBLING

There are numerous types of online gambling. Not all of these would be present on our platform, but a typical number of games would be introduced on our platform following the LetBet road map. Below are some prevalent online gambling games to note.

• ·         POKER

Online poker tables ordinarily offer Texas Hold’em, Omaha, Seven-Card Stud, Razz, Steed and other kinds in both competition and Money making structures.

• ·         CLUB

There is an extensive number of online clubhouses in which individuals can play gambling club games like roulette, blackjack, pachinko, baccarat and numerous others.

• ·         GAMES BETTING

Games betting is the action of anticipating the outcome of sporting events and putting a bet on the result.

• ·         BINGO

Bingo is the online version of the bingo games, where the player would have to  match numbers pre-printed cards each with a different arrangement of 5x5.

• ·         LOTTERIES

Most lotteries are often monopolized by governments and are intensely shielded from competition because of their capacity to create substantial, recurring revenue streams. Private individuals or organizations may be authorized to control online lotteries withom smaller countries.

• ·         UK NATIONAL LOTTERY

The UK National Lottery is online gambling that is organized by the Camelot Group. The UK National Lottery is regarded the most popular online gambling in the UK.

• ·         HORSE RACING

Horse racing is an equestrian form of sporting activity that involves two or more horses ridden over a distance. Horse racing hinges its economic relevance through betting.

• ·         MOBILE GAMBLING

This type of online gambling involves a player using a remote device such as a smartphone, tablet computer, or mobile phone to play a game through the internet.

• ·         IN-PLAY BETTING

In-play betting is a type of online betting that enables a player to wager a game after it has started. Many bookmakers refer to inplay betting as live betting. In-play betting allows a player to place a bet after frst considering the results of the game up to that point.

• ·         ADVANCE STORE WAGERING

This is a type of online betting on the outcome of horse races where bettors are only permitted to wager after their account is funded, and can either be played over the internet or on their mobile phone.

LBT TOKEN

LBT is the coin that will be used throughout the LetBet platform. It will be used on the LetBet platform to store value, as a unit of account, and as the sole medium of exchange. LBT plays a premier role on the LetBet platform. Below are some of the specifc functions of LBT to the LetBet platform. LBT can only be bought during the ICO phase, after this, all pre-mined coin not distributed, will be burned, and the user can ONLY get LBT from:

o   Trade. (CoinExchange, Yobix, hit BBC ...)

o   Affliate

o   Bet

o   Host (we provide some games, and you
will host that game for other to bet)

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