The Betting Bureau
Ethereum Based Betting Site
Ethereum Based Betting Website

This is the implementation of The Betting Bureau working on the Ethereum Blockchain. People can bet legally on the predictions of the increase/decrease in the price of crypto-currencies and tokens.

  • Ethereum based smart contract
  • 100% tamperproof and no middleman is involved.
  • No hacks possible on the system with the help of Ethereum network and solidity contracts.

Overview

  • implementation includes the admin profit share in percentage, minimum bet value, max bet time and services depended upon the crypto-currency stats service like CoinMarketCap and CoinCompare API's to watch on the prices to declare the winner.
  • Anonymous bets between one or more parties
  • No middleman involved, for winner declaration and winning amount distribution
  • The conditions like the price will go up by the date-time or until the date-time gives flexibility in the bet.
Betting Bureau
betting bureau
In This Application Have 2 Types of Bets
  • 1. Two Party Bet
  • 2. Single Party Bet
1. Two Party Bet
  • Here a user can enter party 1 and party 2 ether wallet address
  • Also, mention betting other betting details

    On which coin/token he wants to bet, select will like Go Above or Drop Below

    Currency Name - in which currency he wants to bet

    Select Maturity Date & Time

    Select Maturity type like - on that date or by that date

    And Finally, add the Betting Amount in ETH

  • Once party 1 create a bet and party 2 agree to that bet by sending there ETH bet amount to a smart contract, then the bet will start.
  • According to bet condition bet the result will be declared and the winner will get there winning amount directly into there ETH wallet.
2. Single Party Bet
  • Here a user can enter party 1 ether wallet address
  • Also, mention betting other betting details

    On which coin/token he wants to bet, select will like Go Above or Drop Below

    Currency name - in which currency he wants to bet

    Select Maturity Date & Time

    Select Maturity type like - on that date or by that date

    And Finally, Add the Betting Amount in ETH

  • This is a public bet and will show all users. If any user interested in this bet, then he will agree that bet by sending ETH to smart contract and bet will start.
  • According to bet condition bet the result will be declared and a winner will get there winning amount directly into there ETH wallet.
Components we use
  • Solidity
  • Metamask
  • Infura

  • Truffle
  • Web3JS
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