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Bettium: The Betting Platform Will Operate at Intersection of Big Data and Blockchain

In the highly sophisticated world of online betting – an industry worth around $50 billion annually – blockchain technology has opened up great scope for improvements in gamers’ experiences online.

With echoes of a forex trading robot, the Bettium seeks to further enhance players’ abilities by approaching the arena with a unique structure. Instead of punters versus bookmakers, the key difference on Bettium is that its players versus players.

Everyone has access to data and expert opinions to be as well informed as it’s possible to be when wagering. The platform will feature an AI assistant (Merlin) that will help users make educated decisions by processing big data and presenting its forecast and suggestions in an understandable form.

Bettium is essentially a decentralized marketplace that allows smart sports bets to be made between individuals. Resident experts and the latest analytical data are both on hand for gamers to adopt more calculated strategies for winning. Both contestants or teams in a wager can access big data, AI and many potent analytical tools to enable player’s decisions. Focusing rather on enabling a different, rich UX, the platform is applying blockchain technology in ways to give users the benefit of a sophisticated analytical approach to placing bets.

Presenting as highly professional and wholly transparent, the company has taken gambling intent a step further than others. At the turn of the century, online gambling exploded, giving any punter access to almost any bookmaker in the world. Now, rather than face gambling professionals, Bettium is enabling players with the kind of data and tools bookmakers use in their own calculations.

Moreover, the company epitomizes the sort of app anticipated from the development of blockchain. Focusing on a fair and equitable platform that can enable all comers equally, Bettium is confidently precocious in its offer, and with enhanced transaction speeds, a tight wallet structure that users employ to enable wagers and reduced costs for players, it is expected that it will be well received.

What Issues will Bettium Resolve?

Although sleek, online gambling is very often simply a transference of a real-world casino into the online arena. Some aspects are improved through the elimination of human croupiers and other physical aspects of the average casino, but the majority of the benefits are for the casino itself. Gamers face the very polished, rapid and hidden technology behind any online casino or bookmaking concern. It is a given that the bookmaker is in it for their own interests. They offer odds and a punter takes them or leaves them, without ever enjoying the trade knowledge and sheer volume of resources a bookmaker will employ to offer the odds in the first place.

Statistics show that the overwhelming majority of gamers are infrequent participants.

                          Regular versus Irregular Betters. Source: Bettium Whitepaper                                          

 By far the majority of people placing bets on sporting events are interlopers, totally incapable of employing the analytical approach of bookies and other gaming houses. In the absence of the breakdown of the barriers between casual and professional members of the industry, the odds are wildly skewed in favor of the bookmakers.

The Bettium Solution

By shifting focus to the camaraderie between peers and building in access to the typically unseen “backend,” all bookmakers employ daily – AI, big data, and complex analytical tools – Bettium is pitting player against player. Both have access to the same resources to place the wager, and unlike employing a bookie or totalizer or any other third party authority to generate those odds, the odds arise from the P2P interaction as the two parties place their bets. Far more communal, transparent and enjoyable for many, the platform increases speed, enables a sophisticated yet elegant ease of use and also reduces costs all round. With modern sports betting being a mixture of science, strategy and new, evolving technology.

Bettium Features. Source: Bettium

The Bettium build also addresses issues of trust, scalability and the omnipresence of the invisible barrier behind which the casino typically wins most hands. Rather than funnel the gaming public through a betting system controlled by a single third party looking to profit more than the players, by building a peer to peer platform, Bettium is enabling a large number of gamers who place sports bets around the world. The developers speak of “unprecedented flexibility and reliability.” and the construct is a subtle but still substantial departure from the norm that should appeal to millions in the community.

ICO Snapshot

  • Token Type: Utility,
  • Platform: ERC-20,
  • Symbol: BETT,
  • Private Sale: June 1-30, 2018,
  • Pre-Sale: July 1-7,
  • Token Sale: July 2018,
  • Token Supply: 1 billion,
  • Soft Cap: $7.5 million,
  • Hard Cap: 30 million,
  • Price: 1 BETT = $0.05,

A total of one billion tokens will be minted. As a cryptosphere startup, acceptable currencies to Bettium for buying in are BTC, ETH, and XEM.

The Bettium team

Bettium’s core team comprises CEO Nathan Hunt, Chief Legal Officer Brian Bellerose, Business and Technology Strategy Executive Manager Ron Lewis, Sheldon Bennet on Blockchain Analysis, CTO Alex Kamilov, App Engineer Dan Hunt, Alice Douglas in charge of investor relations and Full Stack Developer Edward Luque.

Advisors who are aiding the team in rollout include Peiwei Ni, the Chairman and CEO of Super Block, Crypto Market Advisor Alexandru Radulescu, the CEO of Findo Gary Fowler, and Maury G, an APAC consultant.

The company is European but will service the globe on its platform. The developers have a strategic plan for disbursement of funds raised, with an eye on ensuring scalability and improvement post-launch.

Conclusion

The Bettium platform comes at gaming from a different angle, but one that is sure to have wide appeal due to its democratic build and a transparent cap on losses. Moreover, the inevitability of doing it alone that comes with online gaming is broken – a big plus – with the introduction of the P2P model. With greater transparency in play, greater camaraderie and a sense of empowerment other venues cannot offer within the standard model and arrangement of players in the wager; the ICO is set to experience good uptake. The betting tournaments in which prize money will be paid in BETT tokens is planned for early 2019, with a prize pool of approximately $1 billion at the prevailing exchange rate.

The backdrop is the billion-dollar online gaming industry. The reality of greater foresight and control over outcomes is sure to attract droves of gamers who will begin making the features Bettium offers a new industry standard. The company’s homepage says it all:

“BIG DATA AT WORK FOR YOU – Analytical Blockchain Platform for P2P Smart Betting.”

With not only the data but the tools to strip it something of a novelty for individual gamers, the company’s offer is apparent.

Investors are advised to do their own homework before buying into any ICO, but as a member of a super healthy industry, pitching a different take on things that incorporates a vast improvement on UX, the ICO is rated a definite buy.

 

BTCManager does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as investment advice.

The post Bettium: The Betting Platform Will Operate at Intersection of Big Data and Blockchain appeared first on BTCMANAGER.
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