EOSBET - The World's First Fully Decentralized Smart Casino

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Using cryptocurrencies for gambling has become a widely popular solution for casinos, either as a main payment system or as an alternative to fiat-based ones. The advantages are many and well documented. Using cryptocurrencies allows the user to gamble anonymously, without the need to hand over copies of documents or even create an account, depending on the platform.
Smaller fees and almost-instant deposit times, have also made cryptocurrencies ideal for gambling, especially when it comes to small to medium movements.
Cryptocurrencies have also been able to make online gambling accessible again, providing a low entry barrier for new players and allowing them to circumvent gambling regulations that apply to fiat only.
It is a fact that most betting platforms are not transparent in the sense that users often lack adequate knowledge of the direction of money flow. Also, there are often big question marks on the integrity of betting service providers which often tend toward dubiousness, often resulting in foulplay - where betters for instance are injustly deprived of their winnings. This questioning nature of the service providers often of course give birth to trust issues - and as far as money is concerned, this is a big issue. Additionally, traditional betting systems are often laced with frictions in their services due to a number of factors such as cyber attacks, server issues, etc.
EOSBET will utilize the power of smart contracts to perfect and ensure the re-alignment of games globally through easy and reliable independent transactions. This is very important for a common game chain platform that will use coins as a form of appreciation in most game activities and betting to develop the economy among users.
EOSBet is a first-of-kind, player-centric gambling platform built on the EOS.IO blockchain architecture. It is fully decentralized, maximally scalable, provably-fair, and offers the hottest casino games with low house edges and zero fees. EOSBet is a gambling game application where players place EOS on unique dice or baccarat games. DApp also claims to be the first community-managed online casino, which allows owners of BET tokens to receive instant prizes on EOS from 100% profit on platform games. Payments are calculated and distributed proportionally based on the number of BET tokens each holder has. On October 16, EOSBet paid the owner of a token of more than $ 1 million in just 2 months operating the platform.
The goal is to take the essence of what people love about gambling  the thrill, excitement, and ability to win money while having tons of fun — and strip out everything we hate about the industry  shady odds, greedy corporations, intrusive sign-ups, and high house edges.

Features of EOSBet

  • Fastest Game play on the Blockchain
EOSBet is the first fully on-chain platform (meaning EOSBet uses no central servers like FunFair or Edgeless) to largely solve the problem of slow gameplay — a significant pain point for players. They have developed an innovative method for structuring transactions called batch betting, which allows for hundreds of games to be played with near-zero latency. Players simply send one transaction to the network and then play as many games as their hearts desire. Since the average wait time for a transaction to be mined is ~30 seconds, if you wished to play 100 games, our platform would save you nearly an hour in wait time twiddling your thumbs compared to on-chain competitors like Etheroll or vDice.
  • Bet/Win Easily and Immediately
Playing the games is a breeze. The website conveniently integrates with MetaMask, the most popular browser-based Ethereum wallet. Users place bets in two clicks using our simple front-end interface. Game winnings are automatically and instantly sent to their Ethereum account after the gaming session has finished. Gambling has never been so easy!
  • True Provable Fairness
Players can have maximum confidence that every element of the games is 100% fair. Each game is simply an immutable smart contract operating on the Ethereum network, the structure of which can be viewed beforehand and whose results can be verified both during and after game sessions. The code has been audited and reviewed by multiple experienced 3rd parties and undergone an extensive bug bounty. The random number generation methodology has undergone considerable research and testing in order to determine the most efficient and secure techniques. Check out the white paper for more details.
  • Bankroll Staking: Be the House and Grow Your Ether!
All bets are done in Ether, the world’s second most popular cryptocurrency behind Bitcoin. The PoC games allow anyone to invest in the bankroll and take a cut of the game profits. Although EOSBet will be eliminating all house edges on EOS.IO, the PoC games feature a small house edge that functions to fund development and reward contributors. 80% of all game profit is distributed proportionally to the bankroll stakers. Contribute now to get a piece of the action!
  • Dice
The Dice DApp features all the aspects of the game that players have come to love and expect, all on top of a slick and intuitive user interface, and an ultra-low house edge. All current on-chain Dice games force users to wait for a transaction to be mined before playing, and many don’t even show the outcomes of games, making users check for themselves on a blockchain explorer like Etherscan.io
The proof-of-concept games are the first to largely solve the problem of slow gameplay. Using the batch betting technology, users can place many rolls (up to 1024) in one session, all for just one Ethereum transaction. Players simply input the following:
  1. The maximum number of rolls they hope to play
  2. The minimum number of roles they would like to be guaranteed (if they were to lose every game)
  3. How much to bet per roll
  4. The odds they would like
At 0.5%, EOSBet have the lowest house edge for any existing Dice game, and one of the lowest house edges for any online casino game. Don’t forget, once they move off Ethereum all the games will have no house edge or fees.
  • Slots
While Dice is the most popular cryptocurrency betting game, Slots are by far the most popular physical casino game. Slot machines account for more revenue than all other casino games combined. EOSBet is one of the first blockchain gambling platforms to offer Slots and has the most favorable jackpot odds anywhere, as well as a massive 5000x payout for the top prize. The house edge of 4.9% is well-below below the industry average of 7–20%. Check out our pay table below.
Most slot machines have confusing pay lines and are unnecessarily complex. After beta testers reported that our 5-reel 25-line game was overly complicated and hard to understand we stripped away unnecessary features and embarked on a full UI/UX re-design. The new space-themed slot machine is simple and elegant, having only 3-reels and a straightforward single-line game.

How it works

Every bet you place with us is secured through our novel randomness generation technique. You may submit your own seed, or leave it blank. Your bet will receive a unique ID in a smart contract, which will be signed by our server with a predetermined private key.
This signature will then be passed back to the smart contract before being verified that the correct secret signing key was used. The contract will then derive a deterministic random number from the signature, which will be used to resolve your bet.
The EOSBet team has received a game license from one of the oldest game regulators in the world, Curaçao eGaming. This accreditation gives EOSBet the right to use all forms of interactive online gambling and add another level of legitimacy to the project.
Another features of EOSBET platform I personaly give credit to is the implementation of safe-bet which is lacking in the other betting platform. The other betting platform do not care about the profit and loss of the users because there is no safe-bet features in which all funds can be lost to a single bet at a blink of an eyes. With EOSBET safe-bet features, users can easily set and adjust the safety measures put in place by EOSBET.
Some game has already been opened on EOSBET platform such as DICE GAME, CRASH GAME while others are still under development. With the present games available in the platform the volume of EOS by used by the gamblers to play a game is increasing everyday which shows there is massive use and global adoption of EOSBET platform.

EOSBet Ambassador Program

EOSBet is very happy to share their ambassador program and hope that you can become their ambassador and help them promote the EOSBet game platform faster and better and become a part of the team!
Ambassador's Scope of Work
  • The game test phase, the first time to participate in the game test and make feedback suggestions
  • Daily community operations (telegraph, Discord, Reddit, Facebook, etc.)
  • Translation of articles and other documents
  • EOSBet regional spokesperson
  • Discover new players
  • Guide and help new players on social media and community channels
  • Copywriting, YouTube, streaming, content creation
Reward Plan
  • Get BET and EOS rewards based on performance or output
  • Official recognition and support of the EOSBet team
  • Opportunity to attend meetings and offline events
  • Early bird job opportunity
  • Early bird game experience opportunity

Play EOSBet Games and Get Rewarded in Airdrop!

EOSBet will be airdropping 10% of all 100,000,000 EOSBET tokens to players of Dice and Slots, bankroll contributors, and EOS token holders. Here’s the breakdown:
  • 25,000,000 to EOS Holders!
2.5% of all EOSBET tokens given proportionally to all EOS token holders
  • 25,000,000 to Bankroll Stakers!
2.5% of tokens given to EOSBET bankroll stakers in proportion to the amount of ETH contributed. You also will receive dividends on the ETH you have contributed to the bankroll. A real win-win!
  • 20,000,000 to Dice Players!
2% of EOSBET tokens will be given to our Dice players! If you play more games, you get more tokens! Start rolling and enjoy the lowest house edge on the blockchain!
  • 20,000,000 to Slots Players!
2% of EOSBET tokens will be given to our Slots players! You will get more tokens the more games that you play, so start spinning and hit our 5000x MEGA jackpot!
  • 10 x 1,000,000 JACKPOTS!
10 jackpots of 1 MILLION EOSBET TOKENS will be distributed as follows:
  • 2 Dice players to be selected at random
  • 2 Slots players to be selected at random
  • 6 bankrollers to be selected at random
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EOSBet Token

EOSBET has launched its own BET native token which will be used in the platform. There will be an incentives and rewards given to holders of BET token in the gaming platform. Rewards will be distributed and shared according to the numbers of BET tokens been held on the platform.
There has been ongoing negotiations with top crypto-currency exchange to list BET token so that gamblers and game lovers can easily buy BET token and use for the bets as there is only limited token supply and only few in circulations.
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For more information, please visit:
Author: JigaMola
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1847143

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