Transcription
Whitepaper OnAlbetrage BettingPlatformDECENTRALIZED SPORTSARBITRAGE BETTINGECOSYSTEM
This White Paper serves only for informational purposes, The information isindicative only and is not legally binding on Albetrage Foundation. it only statesour current vision for the Albetrage platform, which we may from time to timerevise in any respect without notice, it does not constitute an offer, solicitationor a recommendation to sell or buy shares or securities in Albetrage. Any suchoffer, solicitation or a recommendation would only be made by a confidentialoffering memorandum and by applicable securities and other laws. Please readthe important legal disclaimers at the end of this White Paper.Whitepaper on Albetrage betting platform1
1.Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.Sport Betting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42.1 Advantages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42.2 Disadvantages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52.3The Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52.3.1 How Bookies makes Money. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53.Arbitrage Betting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93.1How does it work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93.2The Existing Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113.3Challenges. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123.3.1 Problem 1: Percentage Available. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123.3.2 Problem 2: Fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123.3.3 Problem 3: Payment Methods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123.3.4 Problem 2: Duration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124.Albetrage Platform . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134.1 Mission and Vision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134.2 Carefully Planned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134.3 Some of our Features . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134.4 The Disruptive Properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 164.5 Albetrage use Case Presentation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165.Ate Token . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185.1 Token Details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195.2 Targeted Utilization of Foundation Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195.3 Ecosystem Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 196.Albetrage Foundation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 206.1 Short Term Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 206.2 Long Term Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2027.Adoption and Partnerships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 218.Roadmap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22Whitepaper on Albetrage betting platform
1. Executive SummaryEveryone loves sport betting, it improve our socialization skills, serves as a good form of leisure andentertainment. Sport betting aids in learning new sports, it create the possibility and potential of winningbig bucks which is probably the biggest reason why people choose betting in the first place. The gamblingindustry as of today is an enormous and ever growing enterprise that worths over 449.3 billion and hascreated millions of jobs all over the world.Still with all the uncountable benefits that comes with sport betting, bettors today face huge problemswhen it comes to winning. The betting industry today is not just broken, but also exploitative. Theyoperates on promises of making bettors rich, but use every trick in their book to confuse and manipulatecustomers, making them to lose more than they gain. They have mastered the art of using odds toconfuse and manipulate bettors, indirectly making bettors to chose what they (the bookies) wants themto chose. They set their odds in a way that they can tell what majority of bettors are going to bet on. Theyknow they are going to lose 80% of their choices. All that is about to change.Albetrage will put power in the hands of the bettors, eliminating exploitations. Albetrage will achieve thisby fostering a self-sustaining platform where everybody can bet with confidence of winning. It will providethe wider global community with ways to bet in sport, that will enable both the bookies and bettors toshare betting revenue proportionately.Albetrage platform eases a complete shift in the area of sport betting, it was developed with the aimof disrupting the betting industry using cryptocurrency and blockchain. It takes away absolute powerfrom the bookies and gives it to the bettors. It will make use of Ate token which is a communitydriven decentralized crypto currency powered by a decentralized TRC-20 smart contract on the Tronblockchain, to enables global access to its markets.Whitepaper on Albetrage betting platform3
2. Sport BettingSports betting is a form of gambling that entails placing a wager, also known as a bet, on the outcome of asporting event. The primary intent of sports betting is to win additional money. it can also extend to nonathletic events, such as reality show contests and political elections, and non-human contests. it is, in fact,an ancient form of entertainment. It is estimated that the very first bets appeared along with the firstsport disciplines. Then people quickly came up with the idea that you can bet on a particular event andeven make money while having fun.The essence of bets has changed over the centuries. Sports betting on the Internet appeared togetherwith the development of the world wide web in the mid-90s. In the beginning because of severaldifficulties of technological attitude (few people had access to the Internet), Online sports betting was notso hugely demanded. Only after some time, when the Internet has become massively available in ourhomes, people could discern interesting spending leisure while setting bets on sports.2.1 Advantages of sport betting1. Play Every Day with ConvenienceA lot of our favorite hobbies are great, but we just can’t play them every day. This can be becausethey are too expensive or maybe they are a physical hobby that our bodies aren’t strong enoughto endure every day. Sports betting, on the other hand, is an affordable hobby (or profession) thatyou can play and enjoy every single day.2. It’s a Good Source Of Entertainment and FunNo matter what you’re betting for, it adds fun and entertainment to your daily routine. Not all thebettors run after money, some bettors gambles just for the fun of it. Gambling for fun has a hugeadded benefit, and that is the peace of mind. You won’t bother even if you loosing all the betsmade in a day, and winning will be a bonus. Sports betting can add a whole lot of excitement inthe matches, once you place a bet, you start enjoying every bit of the match being played. Itincreases the importance of a game manifolds even if it isn’t being played by your home team.3. SocializationSports betting can also improve our socialization skills. Sports betting may come in two ways.First, you can witness a live sporting event where you can gamble while watching the match. Inthis way, you can meet lots of people in different age brackets, races, and traditions that take partin sports betting, and you can work with them on how you can effectively wager. Second, you cando it online where you play with other sports bettors and work with them virtually.4. A Chance to make moneyOne of the best things about sports betting is that you get the chance to make some money. Thepossibility and potential of winning big bucks is probably the biggest reason why people choosebetting in the first place. It doesn’t matter how much money you bet with, what matters is that atthe end of the day, you can win some bets and get some money.4Whitepaper on Albetrage betting platform
2.2 Disadvantages of sport betting1. Lost of moneyBetting is good when it is done for fun, but when it goes beyond limit, it can lead to lost of money,some people argued that every bettor loses money in the long term. This is probably the mainreason why some people are against betting. It is a high risk game, and you can end up loosing allyour money pretty quickly if you fail to follow the basic precautions. It should be accepted as a factthat bookies always have an advantage over bettors. In fact, odds are always against the bettor.Winning here is mostly just a matter of luck.2. It can lead to health issuesThe stress from betting especially when it is not for fun or when huge sum of money is involve,may lead to health issues like mood swings, ulcers, stomach problems, muscle pains, headaches,and problems with sleep.2.3 The SolutionIn order to win consistently, Bettors tries all form of tricks to beat the bookies, but we all know thatsadly, for one reason or another, most bettors end up losing their money. One of the reason is thatmost bettors place bets with emotions, the bookmakers understands this fact. Though the bookiescan’t control the outcome of sports events, but they can control what most bettors do. They havemastered the art of using odds to confuse and manipulate bettors, indirectly making bettors to chosewhat they (the bookies) wants them to chose. They set their odds in a way that they can tell what youare going to bet on. They know you are going to lose 80% of your choices. The second major reason isthe fact that bookmakers use certain techniques to make sure they are always at an advantage.For you to win consistently, you basically have to overcome this advantage. Bookmakers areessentially your opponents, and you have to learn how to beat them. Before you can do this, you needto understand exactly how they are ensured to make money.2.3.1 How Bookies Make Money1. They set the right bet oddsBookies runs betting platforms as businesses, and the aim of every business is to make profits.They takes in money whenever a bettor places bet and they pays out whenever a bettor wins bet.The idea is to take more money in than pay out. The art of bookmaking is in making sure that thishappens. The major technique bookmakers use to put the odds in their favor, is to include what iscalled of vig, or margin, or the over-round. They built it into the odds they set to help them make aprofit. In other word, it is the commission they charge bettors for placing bets. To best explainmargin, let's use a simple example of a HI and LO dice game. A HI and LO dice game has twopossible outcomes and each is equally likely. There is a 50% chance of HI and a 50% chance of LO.If a bookmaker were offering true odds on the HI and LO dice game, it will be 2.00 in decimal odds, 100 in money-line odds, and 1/1 in fractional odds. A successful 20 bet will returns 40. Let’s saythis bookmaker had 1000 customers all betting 20, with 500 of them betting on HI and the other500 betting on LO. The bookmaker will not make any money in this scenario.Whitepaper on Albetrage betting platform5
As can be seen from the above image, the bookmaker takes in a total of 20,000 in wagers, but will alsohave to pay out a total of 20,000 in winnings whatever the result. This is exactly what bookies try to avoidsince they are in business to make money. In other to make sure that this doesn't happen, they build inthe vig to the odds. With vig, they can thus theoretically at least, guarantee that they will make moneyregardless of the outcome. When two outcomes are equally likely, it is common for them to use odds of1.9 (-110 in money-line, 10/11 in fractional). Continuing with the previous example, the odds on HI and LOwill now be 1.9. This means that a successful 20 bet will return a total of 38. With 1000 customers allbetting 20, 500 of them betting on HI and the other 500 betting on LO. The bookmaker will stand tomake some money in this scenario.As can be seen from the above image, the change in odds made a big difference, and the bookmaker isnow mak
In order to win consistently, Bettors tries all form of tricks to beat the bookies, but we all know that sadly, for one reason or another, most bettors end up losing their money. One of the reason is that most bettors place bets with emotions, the bookmakers understands this fact. Though the bookies can’t control the outcome of sports events, but they can control what most bettors do. They .
