Introduction:
If life is a game, then you win some and lose some but it's your hard work that makes it a game worth playing. What happens in betting is sheer luck having the majority of the contribution to the outcome. Well, your day is not every day, and you got to lose on some days. People are attracted to betting on a psychological level and converted it into a full-fledged industry. Millions of dollars are at the stake in the different fields. Sports being the favorite among them. According to an estimate, the Global Gambling industry is around 56.05 Billion dollars. It is regulated in few of the countries while it is unregulated in many others.
DogRacing industry platform is one of the oldest industries with historical growth consistency in a Crypto Platform, market operation company is a decentralized system which involves a blockchain and consists of several smart-contracts in the perimeter of the block chain and its own crypto currency, And the platform is a system product created by a consortium of the most powerful, competent, and experienced logistic companies and organizations all over the world. And also blockchain and smart contracts serve as the way forward into the Industrial use, creating economies of scale and potentially aggregating supply. Decentralized manufacturing will make the industry more accessible, secure and economically sound for more participants in a direct peer-to-peer (P2P) ecosystem.
DogRacing Peer to Peer betting with no central party Importantly it provides a way for 2 parties who don’t know each other and have no common account holder to bet with one another. Bets are pooled so many parties can match a single bet.
They are number of risk involved
- It may not raise the minimum amount or may decide to cancel the ICO because of changes in the market place.
- The token may not be performant on the Ethereum network under load.
- It may regulatory pressure to impose jurisdictional or other controls on token usage.
- The exchanges may resist listing the tokens because of the gambling nature of the utility.
- The transaction mechanism which may become too slow or expensive to be practical.
SOLUTION OFFERED
Cryptocurrency is breaking grounds with the traditional market than why should the gambling industry be behind. DogRacing Betting is presenting the biggest solution of the Betting world by utilizing cryptocurrency into the sports betting industry. They wish to be number one sports betting platform for people with cryptocurrency.
The multiple products offered on the platform makes it unique, and a few of the examples are Decentbet, wager and Betmaster etc. To facilitate a super easy betting process, they have designed the distributed peer to peer model which has many benefits, and a few of them are mentioned below.
• Open source system and access to much larger bets
• Easy funding with instant access to winnings.
• Peer to peer betting with DogRacing Betting software
• Three layered structure on the Ethereum Blockchain.
Escrow services and Easy settlement for funds for winning partiesThe betting process is broken into several discrete software components with defined APIs for interaction between them.
How It Works:
The DogRacing Betting Node
For example, it is equally valid to call a match winner market “match winner” or “winner” or even “moneyline 1X2”. The system will aim to provide a mechanism to avoid duplication of markets and present a unified interface between disparate parties. This presents two distinct advantages to the overall ecology. In the first instance, it makes it easy to find any specific bet. Secondly, it is very important to makes it possible for bets to be standardized and pooled Betting Gambling together
Conclusion: DogRacing is a unique global betting platform that brings together all parts of the gaming industry ecosystem where players, developers, merchants and game communities can change their time and needs by using DGR token coin betting. It's also a platform for competitive games, betting markets, online broadcasting (streaming) and platforms for in-bet on-game items
More Information Connect to DogRacing:
Website: https://dogracing.io
Whitepaper: http://test.dogracing.io/#whitepaper
Telegram: https://t.me/joinchat/GwUzVkhHl0GXZxb1V6AMFg
Facebook: https://www.facebook.com/DogRacing.io/
Twitter: https://twitter.com/DogracingIO
Authorized By:
Bitcointalk Username: bright4mech
Bitcointalk Profile link:
https://bitcointalk.org/index.php?action=profile;u=1298523