The World is a Stage and We Are all Players…

While history tells us that gambling in one form or another was present, well Before Christ, today it has evolved into a whole different ballgame. It has evolved from its primitive form into a fully grown industry with several facets and a lot of complexity.

And yet, many governments and the society, at large, isn’t kind to gambling. Many government look to ban it, terming it as illegal, while society sees it as an evil. Stories of gambling shattering lives and good people has created a negative aura around gambling in many parts of the world.

This however, hasn’t deterred the inherent “spirit of the gambler” and gambling continues to be one of the most fun and lucrative things to do for people. This is a cult sport which is predicted to be a $1 trillion dollar industry by 2020.

LetBet, the revolutionary new online gambling platform wants to bestow a respectable status on gambling along with ensuring that gambling fans play on a seamless and secure platform wherein they can lay their bets blindly without worrying about the present issues of online gambling. But before discussing that let’s look at a few countries that love their gambling.

Global gambling scenario

For most people, gambling is synonymous with bright flashing lights and bourgeois entertainment in such legendary gambling strips like Las Vegas or Atlantic City. One may think then that the United States is the gambling emperor. Surprisingly, it does not come in the Top Five countries where people gamble the most.

Australia, Canada, Finland, Ireland and Singapore are a few countries that are at the top when it comes to gambling. Almost 75% Canadians have been known to be involved in some form of gambling while in Finland, the number stands at 41%.

LetBet wants to make gambling great again by introducing a flawless system wherein gamblers all across the world can choose their favorite games and play without worrying about anything.

LetBet — Re-defining gambling

The foundation of the LetBet system is the Libertas Chain, a clever and unique modification of the Ethereum Blockchain. It is also a Zero Chain, which means that are no transaction fees for lifetime. It also addresses and solves many other problems with online betting.

The gambling world is rigged with problems which doesn’t allow gamblers from deriving maximum pleasure. Some of these are:

Government issues: The biggest problem that any country’s Government may have with gambling is that it thinks that gambling is often used as a means to launder money and cheat on taxes. With LetBet, everything is recorded on the Blockchain making online transactions legit. It also helps peple lay anonymously so as to keep their identity a secret from prying eyes.

Bot talks: Players often have a mental block about the authenticity of the person that they are playing against. They think it is a Bot or simply a part of the GUI. LetBet lets in verified users only to transact and pay via a smart contract, the details of which can be viewed on the BlockChain.

Security: The Blockchain has effectively dealt with online hacking by nurturing its technology in a decentralized system. The blockchain is essentially impenetrable by hackers. Hence, the money invested will always be safe. Not just that, the transactions happen in LetBet’s cryptocurrency which is locked in a Smart Contract that is accompanied by a private key that a user can store securely within an area of his/her control. One problem that betting users often face in a centralized system is losing their money, or difficulties asking for a refund in case of a Server Crash. LetBet architecture avoids that in entirety.

Trust issues: In the earlier system, online lotteries were ambiguous in payment transfers, withdrawals, and deposits because their opponents were playing from remote locations and were hard to track in case of a financial dispute. LetBet plans to eliminate this scenario. LetBet is also not interested in collecting your personal information and selling it. LetBet assures complete interpersonal anonymity.

Slower games: LetBet’s epic Information Technology Infrastructure ensures lightning-fast game speeds. LetBet’s Blockchain is supported by next generation Cloud Computing ensuring a fantastic User Experience. Also, games are created individually with a unique game design for every game that LetBet hosts on its system making the entire gameplay smooth. LetBet is extremely careful about the upkeep of its technological infrastructure because LetBet believes in customer satisfaction.

Parting words

LetBet’s vision of integrating Blockchain methods into gambling has raised the hopes of market watchers and gambling fans alike. Online frauds have indeed given online gambling a poor reputation. LetBet only aims to redefine that and introduce a new era of gambling to the world.

Not just that, LetBet welcomes inspired entrepreneurs who have gambling game ideas that they believe in to be an integral part of LetBet’s ecosystem. Talented individuals of such nature can hop on to an already established Blockchain platform provided by LetBet to host their ideas, inexpensively.