💸Betting

Betting and Prediction System

Betting will be a mechanism to generate extra income, there are two methods of betting as a Player and as a Spectator.

Player

In PVP mode all players will be able to place bets as an extra form of monetization, before entering combat a sale will be displayed where a minimum amount is required to place the bet, both players must place the same bid and only one can be the winner.

The winner will receive a total of 85% in winnings.

As compensation, the loser will be able to recover 15% of the amount wagered.

Spectator

In this mode the spectator has simple bets, that is to say, you will be able to choose from multiple options only one of these, for example: who will win the fight or predict what will happen during the fight. Any prediction must be registered before the fight starts, for this, you will have an estimated time of 5 minutes, when selecting the desired preference the system will record the decision to show the other viewers that there is a prediction to which they can join or go against. This generates a consensus among the spectators that at the same time creates the prize pool for that bet.

The minimum betting rate will be 500 $TAG or 5 $EOM. There will also be a quick consultation or agreement among all the spectators to raise the value of the bet (minimum values such as adding 500 $TAG or 5 $EOM or higher values such as 1000 $TAG or 10 $EOM) if there is no agreement from all the bettors the minimum rate will be maintained.

Each available play segments the possible winnings, i.e., each available option or bet line will create several prize pools.

Examples:

Betting line with 2 options:

Who wins the fight?: There is 1 single prize pool, where the spectators choose who will win whether player 1 or player 2, and those who take the prize must pay a 30% tax on the winnings.

This would be the view where viewers see the betting options and how many are participating in the bet.

The options selected by each viewer are reflected here.

This table shows the simulation "If player 1 wins" where the distribution of winnings for the viewers who guessed correctly is shown.

How long does the fight last?: We see a similarity with the previous bet where there will be 1 prize pool and there are 2 options to bet on: The fight lasts more than 2 rounds (3 Rounds), lasts less than 2 rounds (1 Round). in case the fight culminates in the 2 round, there will be no winners and a 10% tax will be deducted from the bet value. If there are winners, they must pay a tax of 30% of the winnings if the prediction is correct.

Betting line with 6 options:

Who wins the fight by KO - KOT - Decision?: For this bet there are 6 predictions where any of the 2 players can win and there are the 3 possible winning situations (KO - KOT - Decision), likewise, 2 prize pools are created, one where the spectators who bet on the same player but with the different winning condition make the consensus of a small prize which separates a part of the value of the bet, that is to say, 10% of the amount bet is placed for the pool of the alternative bets. The other 90% goes to the main betting pool which is disputed between the opposing predictions.

Spectators who match the exact prediction will get winnings from the alternate bets and the opposite bet, the amount wagered will be distributed among the winners, and a 30% tax will be deducted from the winnings.

Those who did not get the exact condition right, but the victory of the chosen player, obtain 15% of the bet value of the opposite prediction as profit, from which a 15% tax is deducted.

Viewers who lose against those who did not match the exact condition are deducted 20% of the value wagered (15% for winners and 5% tax) and get back the remaining tokens.

Who wins the fight in rounds 1 - 2 - 3? Just like the top betting line, these predictions are subject to the same profit distribution parameters and taxes.