CrazyBet: The next Generation of betting

The internal currency for betting is CBET. The platform will act as guarantor of such transactions and providing extensive options for their organization
It works on the basis of smart contracts, which allows them to achieve a high level of security and honesty of bets.
We will give people a convenient opportunity to organize a bet. Using our website or app, people will be able to customize all the details of the dispute and conclude it. The platform provides security from scammers and waiver of bid through smart contracts, automation of decision making and competent work with Arbitrators.
Mission
Our mission is to allow friends to easily bet on money with each other on any events. Starting with a bet “who will drink more beer” to PvP game wall to wall.
How it works?
We will connect all kinds of API services from different sites for automatic data acquisition, which will be used to analyze the outcome of the dispute. The API-connected services become available when selecting from the list of possible bets option. Each such service will have its own set of possible betting options. In those cases where it is not possible to automate the receipt of the result of dispute, the arbitrator of the dispute is appointed. The arbitrator may be appointed by the parties or an arbitrator provided by the system may be selected. In this case, it is necessary to clearly describe the terms of the dispute, so that then there will be no disagreement. If there is any disagreement on the results of the dispute, the user may apply to our Arbitrage System.
Bet on the game in PvP mode.

- Teams make a deal about the game on the certain server, which is connected to platform. Teams agree on the terms of the bet.
- Team A create a bet on the platform by completing a form with all bet conditions, PvP game data, Team B identifier.
- Team B accept the invitation and agree with bet terms.
- Smart contract is created automatically with the conditions that were specified when completing the form and creating a bet.
- Automatically transferred CBET from each of the parties for the execution of the smart contract.
- At the appointed time, a game takes place between Team A and Team B.
- After the game, the platform receives API data from the game server about the results of the game.
- Transfer of game data for smart — contract execution.
- Distribution of funds, according to the concluded smart contract.
Bet with third party confirmation

- Players agree to place bets with each other for any events.
- 2. Player A create a bet on the platform by completing a form with all bet conditions, selecting the Arbiter, Player B’s ID (for sending the invitation). CrazyBET.io
- The arbitrator accepts the invitation and agrees to become the Arbiter of this bet.
- Player B accept the invitation and agree with bet terms.
- Smart contract is automatically created with the conditions that were specified when filling out the form for creating a bet.
- CBET is automatically transferred from each of the players for the execution of the smart contract.
- At the appointed time there is a game between Player A and Player B.
- After the game, Arbiter receives data from the Players about the results of the event. Arbiter checks the data.
- Transfer of event data for smart-contract execution.
- Distribution of funds, according to the concluded smart contract.


Problems people face
- No place to make a bet on any topic or play in popular games with PvP (Player vs Player) mode for money… With honest payouts and transparent conditions. If you want to bet on who drinks more beer or what weather will be in Amsterdam tomorrow, you will face the problem of searching a service with financial instruments and deal fairness control.
- If you want to play in popular game in PvP mode with money reward, you will meet a problem searching the service like that. The players have no opportunity for placing bets in games now (“who will win?” “who will get more scores? etc.”).
What to do if you want to play with each other or the office against the office for 50$? There is no automation system for such cases now. There is only one way — searching for “guarantor” on the game forums and make a deal with him. Usually it takes a lot of time. The guarantors like that don’t agree for small bets or expend time taking decision. This problem is currently relevant and there is no complete solution to it even with the human factor
Solutions to this
The platform allows you to create three types of bets:
- Bet with a third party confirmation.
- Bet with automatic confirmation by API.
- Bet on the competition in games with PvP mode
Our platform will act as guarantor of such transactions and providing extensive options for their organization. The internal currency for betting is CBET. It works on the basis of smart contracts, which allows them to achieve a high level of security and honesty of bets.
We will give people a convenient opportunity to organize a bet. Using our website or app, people will be able to customize all the details of the dispute and conclude it. The platform provides security from scammers and waiver of bid through smart contracts, automation of decision making and competent work with Arbitrators.
The main functions of the site are the following items:
- Complete adjustment of the terms of the dispute on both sides and its conclusion
- Automatic conclusion of a smart contract for each bet and its execution;
- Control of the fairness of the bet under its terms.
CrazyBET economics
Stakes inside of the platform are made only in CBET. Start rate CBET, if buy at the platform will be 1CBET=0,5$. As far as developing CBET platform the rate will be changing towards increase. At the start of the project, the cost of CBET when buying on the platform will be 5 times more expensive than when buying at ICO. From every successful deal — the fee is paid. These costs are spent on platform`s maintenance. Betting with automatic confirmation by API (till December 2017) — 1 CBET; Bet on the game in PvP mode (till December 2017) — 1 CBET; A bet with a third party confirmation is 5% + 1 CBET (of which 5% is to arbitrator)
Market :There is no separate statistics on the direction of these types of bets. Therefore, to see the dynamics and the overall size of the market, we take the general statistics of the gambling market. The global online gambling market is a dynamic and rapidly changing business. By the end of 2016, it reached $45.86 billion, and is expected to reach $96.89 billion by the end of 2024
For more informations log into
Website: https://www.crazybet.io
White paper: https://docs.wixstatic.com/ugd/417ff5_88722d70a6434ad39281d92bb79e0dca.pdf
Face book: https://www.facebook.com/Crazybet-1443365965730664
Twitter: https://twitter.com/CrazyBETio
Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=880386