OpenbetAI

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OpenBetAI
Web3 Sports Book
WhitePaper
Official
@ OpenBetAi OpenBetPortal home.openbetai.io
Contents
INTRODUCTION 02
FRAUD DETECTION 03
WHAT IS OPENBETAI ? 04
CASINO 05
REVENUE SHARING 05
DEVELOPMENT STRATEGY 06
LICENSES 07
LIST YOUR TOKENS ON THE SPORTSBOOK 08
REFER FRIENDS AND GET BONUSES 09
TOKENOMICS 10
ROAD MAP 11
DISCLAIMERS 12
CONTACT US 12
OFFSIDE WHITEPAPER 01
Artificial Intelligence (AI) has made leaps and bounds during recent times and is becoming increasingly
mainstream .Thanks to the development of hardware and technology, AI is able to perform complex
tasks at record speeds. OpenbetAI is an amalgamation of AI, crypto-technology and sports betting.
It has been demonstrated that AI will be a significant revolutionary component of the forthcoming
digital era. Amazon.com, Inc., and other tech giants; Google, Apple, Facebook, International Business
Machines Corporation and Microsoft have made significant investments in AI research and development. These businesses are working to make AI easier to use in business scenarios. Additionally, a
number of businesses are utilizing AI technology to enhance customer service. For instance, in March
2020, McDonald’s made a $300 million acquisition of an AI start-up in Tel Aviv in order to provide a
personalized customer experience through the use of artificial intelligence.
The most significant factor accelerating AI innovation is having access to historical datasets. Because it
is less expensive to store and recover data, healthcare facilities and government departments produce
unstructured data that researchers can access. Researchers now have access to numerous datasets,
ranging from clinical imaging to historical rain trends. Information scientists and researchers are being
encouraged to innovate more quickly by having access to extensive datasets and next-generation computing architectures.
In addition, advancements in artificial neural networks (ANNs) and deep learning have accelerated AI
adoption in a number of industries, including manufacturing, healthcare, aerospace, and automotive
manufacturing. ANN recognizes similar patterns and assists in solution modification. ANN has been
utilized by Google Maps and other tech companies to enhance their routes and respond to customer
feedback. ANN is taking the place of traditional machine learning systems in order to produce versions
that are more precise and accurate. Naturally, AI solutions have found their way into Crypto, recognising and interpreting human patterns to better assist the user experience and solidify blockchain technology in becoming more accessible and mainstream.
The global sports betting market is worth $194 billion. Market users are adhering to this industry,
which is expanding at a rapid rate. These figures are mostly passed on to sportsbooks using web2
technology. However, as web3 technology gets more and more popular, it has a lot of potential to enter the sportsbook business.
OpenbetAI is the first full-fledged web3 betting platform focusing on sportsbooks in Arbitrum Chain.
The sportsbook lets the player bet on FIFA, NFL, MLB, or any major sports tournament using the
native token $OPENBET or any major crypto on the platform. This state of the art technology will
streamline betting, crypto and AI, ensuring the user will have a smooth and safe experience placing
bets, use any handicaps they want, and take control of the action.
OPENBETAI WHITEPAPER 02
INTRODUCTION
FRAUD DETECTION
OPENBETAI WHITEPAPER 03
OpenAI uses machine learning algorithms to scan for fraud detection. This involves training a
machine learning model with lots of examples of fraudulent and non-fraudulent data. The trained
model is then able to identify patterns in new, unseen data which indicate potential fraud. OpenAI
also typically uses unsupervised learning algorithms such as clustering or anomaly detection for
detecting fraud. These algorithms group similar patterns together, spot outliers, and detect anomalies that may be indicative of fraudulent behavior.
AI can identify fraud patterns by analyzing a large number of transactions. Then, these patterns
can be used to catch and even stop fraud in real time.
When fraud is suspected, AI models can be used to rate the likelihood of fraud and either reject
transactions entirely or mark them with specific cause codes for further investigation. Human
investigations are sped up as a result, and investigators are freed up to concentrate on the most
likely cases.
AI also learns from investigators after evaluating questionable transactions, enhancing its model’s
knowledge and focusing on fraud-related trends.
Logistic Regression is a supervised learning method that produces a categorical output of “fraud”
or “non-fraud” in machine learning algorithms for fraud detection. However, due to the fact that
false positives necessitate expensive manual investigations, the AI solutions that are most effective
employ a variety of methods, such as:
Data mining: to extract relevant data from a larger set of raw data in order to discover
meaningful patterns and trends by exploring and analyzing large blocks of information.
Neural networks: flexible computing systems that are used to cluster behaviors and predict
them, as well as solve difficult problems with pattern recognition and prediction.
Pattern recognition: Regularities in datasets can be automatically identified and categorized
using computer algorithms.
Purchase profiles, which are a reference to a person or company’s purchase characteristics and
tendencies in relation to their transactions, can also be created by businesses using AI. This enables prompt detection of unusual and suspicious behavior and makes it easier to predict how
they will behave.
04
With years of experience in the gambling industry and being a long-time fan of football and
sports betting, OpenbetAI is a web3 sportsbook developed carefully and meticulously by a
team of senior programmers. The development of OpenbetAI has undergone numerous quality control and debugging tests to ensure smoothness and peace of mind when betting and
managing bets, bringing the best experience in Sportsbooks.
Manage and control all bets on one page. Easy to use, and a user-friendly interface for all
players. The betting platform provides many features to appease users for the best betting experience. Users can choose whether to bet with Asian handicaps, 3-way handicaps and parlay.
Go hassle-free by betting using the quick-bet feature, where bets can be placed with a single
click
OpenbetAI is a web3 betting platform where bets can be placed on any sports matches including, soccer, NFL, MLB, AFL, E-sports and many more using virtually any cryptocurrency
SPORTSBOOK
OPENBETAI WHITEPAPER
WHAT IS OPENBETAI ?
As well as the Sportsbook,
the platform also provides
traditional casino games.
Play live card games such
as Live Blackjack, Live
Baccarat, and Live Poker.
There are thousands of slot
games, roulette, and even
hot and trending games
such as Crash.
CASINO
05
REVENUE SHARING
OPENBETAI WHITEPAPER
Sports betting is a lucrative business where the revenue peaked at $158,635,334,079 from
2018 - 2022 in the U.S alone. By allowing early supporters to partially own a business in a
solid and ever-growing industry, OpenbetAI aspires to generate passive income for holders.
The breakdown is as follows -
$OpenBetAi Holders 50%
Shareholders % Allocation
Infrastructure
Development 40%
Team
Prizes
Contest
NFT
TOTAL
10%
100%
OPENBETAI WHITEPAPER 06
DEVELOPMENT STRATEGY
Focusing resources on developing a well-made sportsbook is important. However, bringing new users and giving exposure to the brand is just as important.
Below is a summary of what development has been completed, and what is
coming next.
01
02
03
04
05
06
07
SPORTSBOOK LAUNCH
SOCIAL MEDIA EXPANSION
COMPANY AUDIT
PRO SOCCER PLAYER AMBASSADOR
BILLBOARD
TOKEN LAUNCH
LISTING OUR TOKEN ON CEX
The betting site is live and fully functional
Most crypto users are active on Twitter and Telegram. We are focusing
our exposure on both sace
Geting audit from a 3rd-party organization. This is to inject assurance to investors, and to ensure the smart contract is in accordance to safety standards
Reach out to as many sports fans as possible via securing Pro
Player partership
While our targeted users are mostly crypto enthusiast, we are commited to
raising awareness to non-crypto users via traditional marketing.
Launching the token to the public on DEX. Users can buy the token and hold it
for its many utilities and to participate in platform events.
To facilitate and simplify trading the tokens, applications will be made to list the tokens to well-known CEX. Furthermore, to bring more exposure from crypto-users.
LICENSES
OUR PROVIDERS
The barrier to web3-based technology development is always to clear the doubt
of connecting their wallet, and to assure the users they are connecting to a safe
website. That is why we make sure our licenses, certification, and providers are
from legitimate companies, such as Evolution, B-Gaming, and Pragmatic Play.
Our smart contract will be audited by a certified 3rd party as well. Every safety
measure that can ease the mind of our users will always be taken.
OPENBETAI WHITEPAPER 07
LIST YOUR TOKENS IN OUR SPORTSBOOK
08
FEATURES
The sportsbook can feature any coins from any EVM chain, bringing new utility
to any tokens out there. Being listed on the sportsbook allows communities to
bet on all sports matches with their own native tokens and thus provide further
utility.To get listed the following information is required:
• Liquidity pair address
• The token logo
• CoinMarketCap or CoinGecko token page
The featured token would need to provide a minimum of $500 worth of the
token’s liquidity. This is to provide a payout balance, in case users who used the
token win bets. In the case of liquidity filling up itself (meaning users who bet
with the token are losing their bet) and reaching the minimal liquidity required,
the $500 deposited token can be returned.
OPENBETAI WHITEPAPER
OFFSIDE WHITEPAPER 09
REFER YOUR FRIENDS AND GET BONUSES
Users may share their private referral
code to invite friends to bet on the
sportsbook and earn commission from
all friend interactions.
Users will always receive commissions
from any bet wagered, no matter
whether they win or lose. The higher
the VIP level, the higher the percentage of commission received from the
bet. The commission is related to the
house edge of the game and the bet
volume. All of the games have a different house edge. User commissions
can be derived using the following formula:
(Edge as decimal * wagered / 2) * commission rate
OPENBETAI WHITEPAPER
TOTAL SUPPLY 10,000,000,000
OPENBETAI WHITEPAPER 10
Presale AI Development
Liquidity Team
Casino Contest
and Bounes
Cex
Marketing Airdrop
TOKENOMICS
5.5%
5%
5%
5%
10%
10%
24.5%
35%
PHASE 1
PHASE 2
PHASE 3
PHASE 4
PHASE 5
PHASE 6
• Finalize licensing and legal status of our betting/gaming platform
• Massive token airdrop campaign for mass exposure and adoptionCoinMarket
• Casino token airdrop drive with various popular projects on Arbitrum and related call
channels
• Long term partnerships with influential players on Arbitrum for maximum coverage
and exposure
• Substantial push for feature articles in major publications across the globe
• Presale will be held on the leading and most established launchpad on Arbitrum,
Pinksale
• Launch of the token on Sushiswap
• Feature and tracking on CoinGecko and CoinMarketCap
• Details and execution of assorted platform contests and bonuses
• Establishment in the foreign markets(i.e Europe, Asia, North America) through various
social media avenues
• Exploring ways to incorporate even more AI features to provide excitement and security for the platform
• Second round of the mega casino token airdrop to garner maximum platform exposure and penetration
• Major partnership with named personalities on Twitch, YouTube, Twitter, and TikTok to
live broadcast the gaming platform
• Diverse ad campaign with gifs and banners on all the leading crypto platforms
• Possible live casino cooperation to extend the reach of the gaming platform to related
domains
• Attending and featuring in crypto and DeFi conventions to expound on the seamless
immersion of AI into a gaming/betting platform
• Continue to probe and implement more AI features
• Increase two-fold on casino contests and bonuses for greater player retention
• Adding of new games or betting features to give players the best gaming experience
• Evaluation on all key points in previous phases and give extensive focus on those that
gave desired results
• Presenting roadmap 2.0. Key points include; a) Bridging to other blockchains to
capture broader audience and market penetration b) Metaverse integration with a
premiere platform to give players and holders a more immersive experience c) Information and analytical platforms powered by AI to give players the most extensive
research arena for gambling/betting related topics d) Possible revision to revenue
sharing scheme to include revenues from new avenues, ventures, and tools
ROAD MAP
OPENBETAI WHITEPAPER 11
OPENBETAI WHITEPAPER 12
DISCLAIMER
CONTACT US
General Disclaimer
The Whitepaper consists of information provided for discussion purposes only.
All investment strategies and investments involve a high risk of loss. Nothing
contained in this document should be considered as investment advice. Any reference to an investment’s past or potential performance is not, and should not
be construed as, a recommendation or as a guarantee of any specific outcome
or profit.
Limitation of Liability
OpenbetAI encourages readers to seek appropriate and independent expert
guidance regarding the legal requirements and tax consequences of any investments they make, both within OpenbetAI and within the block chain industry.
Readers should make the investments with the assistance of an independent
financial advisor in the context of their countries of citizenship or residence and
place of business in relation to the acquisition, holding, or trading of OpenbetAI
or other tokens. Except as otherwise required by law, in no event shall the contributors to the Whitepaper be liable for any damages of any kind, including but
not limited to loss of use, loss of profits, or loss of data, arising out of or in any
way connected with the use of the Whitepaper.
Updates !!!
This Whitepaper (edition V.1.1) is subject to revision, and the latest edition
will always appear on our official website. Updated versions of the Whitepaper
(identified by sequential edition numbers) may contain information that overrides, clarifies, or contradicts earlier editions, in which case the latest version
should be considered the most accurate and up-to-date.
For this reason, versions found outside of the official website may contain outdated or inaccurate information.
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