Albetrage Platform - First arbitrage betting platform.
Introduction
Everyone loves sport betting, it improve our socialization skills, serves as a good form of leisure and entertainment. Sport betting aids in learning new sports, it create the possibility and potential of winning big bucks which is probably the biggest reason why people choose betting in the first place. The gambling industry as of today is an enormous and ever growing enterprise that worths over $449.3 billion and has created millions of jobs all over the world.
About the Albetrage Project?
Albetrage is an anonymous sport betting platform for arbers. It makes use of ATE Token, which is a community driven decentralized cryptocurrency powered by a decentralized TRC-20 smart contract on the Tron blockchain to enables global access to its markets. The Albetrage Foundation is the heart of the Albetrage ecosystem. It was formed to act as a major player in advancing the adoption of the albetrage platform and its currency ATE token, all over the world. It will play an important role in funding programs or ideas that will assist in building a truly sustainable brand. The Albetrage foundation will also play a very important role in setting policies that will monitor the behavior and performance of the economy of the albetrage ecosystem as a whole. The foundation plays important role in the operation of markets, management of order books, resolves and settles trades on the Albetrage platform.
Mission and Vision
We believe that betting can actually be a source of income for both the bookies and the bettors, it should not work for only the bookies as is obtainable now, who pockets huge sums of money, at the expense of majority of bettors who ends up losing money in the long run. We want betting to be another form of investment where a bettor can bet with the confidence of winning something at the end of the day, rather than depending on luck, that 80% of the time will not work. We wants to put power in the hands of the bettors, eliminating exploitations.
WHY ALBETRAGE End of exploitative betting.
Bettors today are always on the look out for where they will make profits, but we all know that most end up losing their money, the few that manage to win big, ends up penalised by the betting platforms through limiting their accounts or closing them all together. Most betting platforms never expected you to really win big, they promise huge payouts but makes it hard for you to achieve. Put it like this, they exploits you, eat the fattest cow and sometimes give you scraps to eat. All that is about to change, we want to put power in your hands, you can actually make winning a habit.
Albetrage Features:
1. ANONYMOUS BETTING
Albetrage was built around protecting our users' privacy. we are not interested in your identity, we only want to see you win.
2. USER FRIENDLY
We have one of the best user interface, making it easier for our users to navigate.
3. BIGGEST ODDS
We offer the biggest odds in the world, we don't reduce our odds like others, we increase it to match their reduction.
4. GLOBAL MARKETS
Albetrage makes use of ATE Token, which enable faster transactions and break regional restrictions that associates with fiat payment.
5. LOWEST FEES
Bettors pay the lowest fees you can get anywhere, you can keep 99.99% of your winnings.
6. 24/7 SUPPORT
Albetrage platform has well trained customer relationship officers, readily available to help you resolves any issue.
Learn how Albetrage works
The Disruptive Properties
Wining can actually be a habit
Betting has brought a great deal of wealth to the world, but it hasn’t resulted in shared prosperity. The gambling industry as of today is an enormous and ever growing enterprise that worths well over $449.3 billion. Yet majority of bettors today, due to the manipulative ways betting platforms are setup has nothing to show for years of patronizing the industry, this has caused many to quit. Albetrage with its disruptive properties, together with blockchain will foster a new model for betting that is capable of attracting billions of dollars and millions of bettors to the crypto-space. Some of the disruptive properties includes:
Bettors can bet without being manipulated
With albetrage, betting will function as a source of income
There is always a guaranteed profit on bet irrespective of how it ended
Betting revenue shared proportionately between the bookies and the bettors
Albetrage Use Case Presentation
To help you understands perfectly how arbitrage works, we are going to use the odds on a tennis match between Player 1 and Player 2 offered by bookie A and Albetrage platform - as illustrated in the image below.
In the above image, we are using a hypothetical scenario where Bookie A has placed odds as follows: Player 1’s odds of winning is 1.7, and Player 2’s odds is 2.2. Meanwhile, Albetrage being an arbitrage platform considered differently and placed odds for Player 1 as 0, and Player2 as 3.6.
If the bettor place 1000usd bet on player 1 to win @ 1.7 odd and player 2 to win @ 2.2 odd at the same bookie, what will happen is that he/she must win either options since there must be a winner.
If he wins with player 1 option
1.7 X 500usd = 850usd ------ he loses 150usd
If he wins with player 2 option
2.2 X 500usd = 1,100usd ------ he gains 100usd
But since we offered a better odd on player 2 to win at albetrage and also the tools to make an accurate calculations, the bettor can easy make use of arb calculator on albetrage site to check whether arb exist between our odds and the bookie odds, the percentage of returns he/she will be expecting and also the amount to place on each platform, as illustrated in the image below.
With 1000usd betting capital, and arb calculator on albetrage site, the bettor will know the right amount to place on each bet to guarantee a profit, if the bettor place 680usd bet on player 1 to win @ 1.7 odd at the bookie and 320usd bet on player 2 to win @ 3.6 odd at albetrage.
If he wins with player 1 option
1.7 X 680usd = 1156usd ------ he gains 156usd
If he wins with player 2 option
3.6 X 320usd = 1,152usd ------ he gains 152usd
No matter the outcome of the match, he is guaranteed a profit either at the bookie or at Albetrage platform.
Ate Token
ATE Token is the fuel of the Albetrage's platform, it is a community driven decentralized cryptocurrency powered by a decentralized TRC-20 smart contract on the Tron blockchain to nourish the connection between blockchain and betting. Ate token will help Albetrage to break the barrier of location which has been a major hindrance to many bettors all over the world. It can be transfered peer to peer and easily traded on cryptocurrency exchanges. it tends to disrupt the way the gambling industries operates because of many advantages it has over fiat, some of which includes
faster settling times
lower transaction fees
higher privacy
transparent and immutable record keeping.
Ate token will enable global access to Albetrage markets. Mere holding ate token will not make the holder a shareholder in Albetrage Ltd, neither will it give the holder any right (of any kind or nature) to the profits generated by Albetrage Ltd.
Token Details
Token distribution
Ate token is a TRC-20 standard smart contracts token written in Solidity and deployed on the Tron blockchain.
Targeted Utilization of Foundation Funds
The Albetrage foundation allocation will be used in developing, securing and advancing the adoption of the albetrage platform. The funds will be utilized in the following targeted way.
Ecosystem Funds
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