Alt-Coin Decent.Bet

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SilverDoge
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Alt-Coin Decent.Bet

Postby SilverDoge » Sat Sep 02, 2017

I like to invest in what I understand, and that is gaming and math. I have been long several gambling tokens including Edgeless (EDG), PeerPlays (PPY), and Wagerr (WGR). I looked into FunFair (FUN) but decided to pass on that one.

This new gambling platform called Decent.Bet is my favorite thus far. The ICO is scheduled for the 23rd of September and I will be in this one as heavy as possible. Here are the primary differences between them:

Edgeless: Purports a zero percent house edge if you play perfect blackjack strategy. MainNet release in Q3 (before end of SEP 2017) but still no live product launched yet. EDG team was hacked in the parity scandal. They will act as the "house" but share 40% of overall profits from the casino. They will use the Ethereum Virtual Machine EVM to run their blockchain. Token price has already increased 20 fold since ICO back in March.

Wagerr: The concept here is that the investors become the Oracle Nodes that publish the sports lines, thereby decentralizing the verdict of each sporting event. These Nodes will collect fees for this. Gamblers will be able to create their own bet odds and publish to find another user who wants the other end of that bet. So in theory you can get better odds than Vegas casinos. Users need WGR tokens to bet with. Good concept, but the execution may become complex with users setting up these Nodes.

PeerPlays: I'm a bit frustrated with this one as the release of the platform has been quite slow, and they have no slack channel. It may turn out well in the end, but I'm playing the waiting game on this one currently (for months). Only traded on odd exchanges and performance has been sub-par for how long it has been out.

Decent.bet: This team will have a working product at ICO launch! They have formed a charity instead of a business because they will be taking no profits. The team/founders will get a certain percentage of ICO tokens (like every other crypto) and the only way the team profits is just like all the other DBET investors - if the platform is a success. From an incentives perspective this one is aligned perfectly. Holders of the token, will have the option to essentially become the house, on a quarterly basis. Once you get the tokens, you can choose to lock them 3 months at a time and receive a proportional amount of profits (or losses) of the blockchain casino. They will also use the EVM, but will use off-chain state channels to speed up the game and make transactions less costly. Finally, 10% of any founders tokens profiting in the casino will be given to charity, and there will be a quarterly lottery where one lucky DBET house investor gets 5% of the profits (drawn live, at random).

This team is amazing. They are not only bringing this casino to the world, but are also educating slack members on crypto trading. People have made a ton of money just following their technical analysis in the slack channel. NEO was one of their biggest calls too.

If you have been a crypto observer and have been looking for an entry into this space I would recommend taking a long look at this one. Read the whitepaper, watch their YouTube videos, delve into their slack channel. You will likely be impressed.

Website: https://www.decent.bet
WhitePaper: https://www.decent.bet/whitepaper/
YouTube Channel: https://www.youtube.com/channel/UCItUzfVU_mlZsU9FJegg3LA/videos
Slack invite: https://decentbet-slack.herokuapp.com/
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Long John
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Re: Alt-Coin Decent.Bet

Postby Long John » Sat Sep 02, 2017

Sounds exciting for online gambling fans. So are you pulling out of those other gambling coins and putting all those chips on DBET? As a betting man?

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Re: Alt-Coin Decent.Bet

Postby SilverDoge » Sat Sep 02, 2017

Long John wrote:Sounds exciting for online gambling fans. So are you pulling out of those other gambling coins and putting all those chips on DBET? As a betting man?


I will likely sell my PeerPlays at some point once they get onto a decent exchange, but I don't have much of that anyway. Wagerr I will hold and see what happens. They are a bit of a niche market and could really be good if they focus and create an exceptional product for sports betting - and they are using their own chain - not the EVM. This gives a bit of diversification away from ETH in case something bad ever happens to ETH (again). I still hold a bit of Edgeless, but I may just end up playing actual blackjack with those tokens, until I lose it all or triple up - we'll see.
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Re: Alt-Coin Decent.Bet

Postby Long John » Sat Sep 02, 2017

Can you use this to make a personal bet, rather than playing against the "house" ? Say I wanted to bet that Trump won't be on the ticket in 2020, and you wanted to bet that he will. (This is hypothetical) Could we make that bet on one of these platforms, the platform holds our stakes and pays the winner? That would prevent a javits-type situation.

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Re: Alt-Coin Decent.Bet

Postby SilverDoge » Sat Sep 02, 2017

Long John wrote:Can you use this to make a personal bet, rather than playing against the "house" ? Say I wanted to bet that Trump won't be on the ticket in 2020, and you wanted to bet that he will. (This is hypothetical) Could we make that bet on one of these platforms, the platform holds our stakes and pays the winner?


Yes, probably. Wagerr, once it is live. I say probably because I know they are doing sports, but I can't see why an election couldn't also be done too. This type of feature may eventually come to Decent.Bet but it isn't the priority at this point.

There is no "house" with Wagerr. It is just people betting each other, using the Wagerr platform with the Oracle Nodes acting as the digital arbiter of who wins the bet. So if they decide to support election results, then yes. But to answer your question in regards to most major sports outcomes - that is the whole point of the Wagerr platform.
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Re: Alt-Coin Decent.Bet

Postby Chaboo » Sat Sep 02, 2017

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SilverDoge
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Re: Alt-Coin Decent.Bet

Postby SilverDoge » Sun Sep 03, 2017

Further clarification between Wagerr & Decent.Bet:

Wagerr is solely focused on sports betting. They are more decentralized because they will have users/investors operate the Oracle Nodes and draw sports data from multiple sources to verify sporting outcomes. This is an excellent model and with the right advertising, could become the dominant player in regards to sports betting.

Decent.Bet aims to use the APIs from Gnosis or Augur (two other crypto platforms) for sports outcomes, rather than have users setting up Nodes. The problem is these two platforms aren't fully live and ready for prime time. In the meantime, DBET will use a centralized sports outcome data that they will control & publish. All other gaming (slots, craps, roulette, etc) will be using the Ethereum Virtual Machine.

Therefore, upon launch of each platform, Wagerr will have a better sports book, while Decent.Bet will have a better platform for "being the house" of a casino for other gaming activities. The idea that I could own Between 0.1 - 1.0% of the profits of a casino that will be the future of gaming is very exciting.
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Re: Alt-Coin Decent.Bet

Postby SilverDoge » Sun Sep 10, 2017

Here is the gambling biography for the CEO of decent.bet that he posted on the slack today:

I grew up in Reno, NV and Las Vegas, NV where gambling is obviously legal and started gambling when I was only 16 years old. I started off by learning to count cards playing black jack as well as playing roulette, craps and sports betting.

I started playing Texas Hold’em in the casinos at the earliest legal age, playing live 2-4, 3-6 limit hold’em as well as 1-2 no limit and various tournaments. I gradually moved my limit hold’em game up to 10-20 with a full kill shortly thereafter.

At the age of 24 I created an online sportbook bonus hedging system and hired and trained 32 workers to do daily arbitrage and execution of the sports betting strategy. At its peak, the group put over $250k into action daily or $7.5m monthly across all sports.

I moved to Costa Rica at the age of 25 for a year to continue to run the bonus hedging system, as well as, to gain a deeper level of understanding into the online sports betting world. Worked directly with sportsbooks such as Bet Grande, Bet on Sports, Bet Royal, Platinum Sports, amongst others.

Upon returning to the states I played poker professionally online for the next 9 months on Bodog.com, currently rebranded as Bovada.lv and recently sold out their poker aspect to Ignition Casino.

Over the course of the next 8 years personally wagered millions and millions of dollars and trained upwards of 20 other individuals to do the same through the sportsbook bonus hedging system and intermittently continued to play poker online professionally.

In March of 2017 I came up with the idea of decentralizing the opportunity associated with being the casino or the house through building a casino and sportsbook on the blockchain where the community can participate in bankrolling the house and in return sharing in the profits of the house and therefore essentially owning a portion of a casino.
Last edited by SilverDoge on Sun Sep 10, 2017, edited 1 time in total.
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Re: Alt-Coin Decent.Bet

Postby Marchas45 » Sun Sep 10, 2017

Hell why did I believe you where in the Military? LMAO I guess because you where overseas. Lol
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Re: Alt-Coin Decent.Bet

Postby SilverDoge » Sun Sep 10, 2017

Marchas45 wrote:Hell why did I believe you where in the Military? LMAO I guess because you where overseas. Lol


You skipped the first line of the post.... Here is the gambling biography for the CEO of decent.bet that he posted on the slack today:

Not MY bio Charlie. :lol:
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Re: Alt-Coin Decent.Bet

Postby Marchas45 » Sun Sep 10, 2017

I know. Lol I was pulling your leg. LMAO By the way I'm buying QTUM like crazy after I just realized the other day it was on bittrex. Lol I truly see it as a big winner.
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Re: Alt-Coin Decent.Bet

Postby AuAgJohn » Sun Sep 10, 2017

Marchas45 wrote:I know. Lol I was pulling your leg. LMAO By the way I'm buying QTUM like crazy after I just realized the other day it was on bittrex. Lol I truly see it as a big winner.

Charlie, are you buying mainly for the staking or price appreciation? If price, how high do you see it going?
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Re: Alt-Coin Decent.Bet

Postby Marchas45 » Sun Sep 10, 2017

Talk to Travis (SilverDoge) on staking as I don't have a clue about it, when the time comes I hope he educates me on it on the new web site that will be operational in a couple of days. https://qtum.org/en/mainnet He also just posted an article you should read in the QTUM thread very, very positive article. viewtopic.php?f=108&t=27948&start=120 Hope this helps, Charlie

Oop's forgot to answer your question. yes I do believe this is one of the best bets out there for price explosion but I also see it as the future to ETH so I'm in for the long haul.
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Re: Alt-Coin Decent.Bet

Postby SilverDoge » Sun Sep 10, 2017

The team did a 45 minute video recently, but if you don't want to watch all that, here are the cliff notes:

Total cap for ICO on 23SEP17 is 250,000,000 dBet tokens, at a rate of $0.10 USD/dBet token, so the market capitalization of dBet tokens at ICO is $25,000,000 USD

Decent.Bet ICO Cap: $10,000 USD per whitelisted address for round 1, and if for some crazy reason it doesn’t sell out, after 24 hours of round 1, round 2 will begin. Round 2 will have 2x the cap of round 1 for the whitelisted addresses.

ICO price is $0.10 USD/dBet token, so a $10,000 cap will allow you to get 100,000 dBet tokens

- The reason the ICO price is so low is because the team wants the community members that have been supporting the project to be able to benefit from the strong increase in market cap that is expected post-ICO

$4.5 Million of the ICO is reserved for Blockchain Labo which will handle the market penetration in Asia. (Currently, Japan accounts for 47% of the website traffic, and partnering with Blockchain Labo will remove the language and cultural barriers of having participants from Asian markets.
- Blockchain Labo also plans on opening an exchange on September 20th (3 days before ICO) where dBet will be one of the tokens listed post-ICO.
- Further exchanges will be opened in Chinese, Korean, & Japanese by Blockchain Labo
- Fun Fact: Blockchain Labo is the same company that co-hosted the Tokyo meet up with NEO on August 10th
- The $4.5 million reserved for the Asian Market ICO sale is technically a very low allocation given that Japan ALONE accounts for 47% of the ENTIRE traffic to the decent.bet website

- ETH will be the only coin that will be accepted for the ICO. Whitelist information to be posted shortly.

Stay tuned for more information!
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Re: Alt-Coin Decent.Bet

Postby SilverDoge » Mon Sep 11, 2017

The DBET business model gives 100% of profits (95% distributed, and 5% in a random lottery) to the token holders who are willing to risk their DBET tokens as "house money" in this online crypto casino. That said, a good question arises: What about anticipated expenses remaining in check? We understand that the PROFITS will go to the token holders, but this is of course after all expenses are paid..so if the business is poorly ran the profits could be negligible (i.e. huge salaries, large unnecessary staff, etc).

Here is the DBET team response. Employees will get a salary but it will be paid for out of the money raised at the ICO. After the ICO money is depleted, The Founder House Shares (The tokens the founders get as part of the ICO) get their quarterly profits, and cuts will be taken out from that pool to pay those future expenses. This way, the team really does share as much of the profit as possible.

And the CEO jumped in to say, "We will never take more than 10% of gross revenue to cover expenses, the rest will be covered by the raise [in token price], but over time as we are more and more successful at building the user base, the amount needed from the raised capital will decrease. Plus we have the inflation [in token price] of the currencies we raise. We are confident without inflation we can deliver what needs to be delivered, and with inflation we are assured of it."
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Re: Alt-Coin Decent.Bet

Postby SilverDoge » Wed Sep 13, 2017

For those wanting to participate in the DBET ICO on 23SEP17:

1) Sign up for updates from the team with your email on the website: https://www.decent.bet/

2) You will NEED ethereum (ETH) to buy into the crowdsale. The DBET team recommends using MyEtherWallet (MEW) as the preferred way to contribute. You can NOT send ETH from an exchange. You will lose it all. Create a MEW here: https://myetherwallet.com/

3) You will NEED to sign up for the WhiteList when it is released (likely with the next 24-72 hours). I'm sure they will send an email out to all those signed up, once it is ready. You will need to input your email, and ETH public address into the whitelist and acknowledge you aren't from a restricted country.

4) The maximum contribution per person (per ETH address) is $10,000 USD. The team will lock in the ETH-USD conversion rate 3 hours prior to the ICO sale. Each DBET token will be initially valued at $0.10.

5) The ETH "send to" address will be displayed on the decent.bet website. The team will also do a live video 15-30 minutes prior with a portion of the ETH address. This will reduce the chances of hacks/scammers, etc. Do not send to any other address than the one posted on the website that also syncs with the partial address from the video.

6) The ICO cap is $25 million. This will be sold out in the first hour or two (or less) so don't hesitate on this one f you want to get in.

7) Once the ICO is live, and you send ETH from your MEW, you can click on the Transaction Confirmation and watch to see it go from pending to either confirmed or cancelled. Continue to try if you don't get through. If it is confirmed, a short time later you will be able to see your DBET tokens, but you will need to "Add Custom Token" on MEW to see them. I will provide that info at a later time. You can also search your ETH public address on https://ethplorer.io/ to see your MEW balances there.
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Re: Alt-Coin Decent.Bet

Postby AuAgJohn » Wed Sep 13, 2017

SilverDoge wrote:For those wanting to participate in the DBET ICO on 23SEP17:

3) You will NEED to sign up for the WhiteList when it is released (likely with the next 24-72 hours). I'm sure they will send an email out to all those signed up, once it is ready. You will need to input your email, and ETH public address into the whitelist and acknowledge you aren't from a restricted country.


Is this another no US residents???
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Re: Alt-Coin Decent.Bet

Postby SilverDoge » Wed Sep 13, 2017

AuAgJohn wrote:
SilverDoge wrote:For those wanting to participate in the DBET ICO on 23SEP17:

3) You will NEED to sign up for the WhiteList when it is released (likely with the next 24-72 hours). I'm sure they will send an email out to all those signed up, once it is ready. You will need to input your email, and ETH public address into the whitelist and acknowledge you aren't from a restricted country.


Is this another no US residents???


This is what the team has said on slack. Their legal team has advised them not to allow US residents due to the ambiguity of the SEC rules, and regulations. They do not want to risk being regulated after the fact. Therefore US residents can buy on exchanges afterwards.

They also said they are not blocking IP addresses of US residents and will not require you to upload an ID during the whitelist. Their webpage will ask you to acknowledge that you are not a resident of any of the restricted countries.

Of course I advise you to follow all the laws and regulations of your respective country.... that includes no jaywalking!
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Re: Alt-Coin Decent.Bet

Postby AuAgJohn » Wed Sep 13, 2017

SilverDoge wrote:This is what the team has said on slack. Their legal team has advised them not to allow US residents due to the ambiguity of the SEC rules, and regulations. They do not want to risk being regulated after the fact. Therefore US residents can buy on exchanges afterwards.

They also said they are not blocking IP addresses of US residents and will not require you to upload an ID during the whitelist. Their webpage will ask you to acknowledge that you are not a resident of any of the restricted countries.

Of course I advise you to follow all the laws and regulations of your respective country.... that includes no jaywalking!

Well that sucks. I've already been stocking up on ETH.
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Re: Alt-Coin Decent.Bet

Postby CaptainW » Sat Sep 16, 2017

SilverDoge wrote:For those wanting to participate in the DBET ICO on 23SEP17:

1) Sign up for updates from the team with your email on the website: https://www.decent.bet/

2) You will NEED ethereum (ETH) to buy into the crowdsale. The DBET team recommends using MyEtherWallet (MEW) as the preferred way to contribute. You can NOT send ETH from an exchange. You will lose it all. Create a MEW here: https://myetherwallet.com/

3) You will NEED to sign up for the WhiteList when it is released (likely with the next 24-72 hours). I'm sure they will send an email out to all those signed up, once it is ready. You will need to input your email, and ETH public address into the whitelist and acknowledge you aren't from a restricted country.

4) The maximum contribution per person (per ETH address) is $10,000 USD. The team will lock in the ETH-USD conversion rate 3 hours prior to the ICO sale. Each DBET token will be initially valued at $0.10.

5) The ETH "send to" address will be displayed on the decent.bet website. The team will also do a live video 15-30 minutes prior with a portion of the ETH address. This will reduce the chances of hacks/scammers, etc. Do not send to any other address than the one posted on the website that also syncs with the partial address from the video.

6) The ICO cap is $25 million. This will be sold out in the first hour or two (or less) so don't hesitate on this one f you want to get in.

7) Once the ICO is live, and you send ETH from your MEW, you can click on the Transaction Confirmation and watch to see it go from pending to either confirmed or cancelled. Continue to try if you don't get through. If it is confirmed, a short time later you will be able to see your DBET tokens, but you will need to "Add Custom Token" on MEW to see them. I will provide that info at a later time. You can also search your ETH public address on https://ethplorer.io/ to see your MEW balances there.


Thanks Travis. I know you offer much of your time to help crypto-dummies like my self and you do a great job.
I now have a MEW and waiting on the white paper and stocking up some ETH to be ready. All possible due to your generosity. :thumbup:


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