Abstract
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Online Betting refers to wagering on sports-type or any other type where in decision is involved which can attract prediction on the internet.
Currently, these online apps or websites comprise a wide-ranging variety of games. The players can bet on these live games/sports or other related games for winning prizes or money in return. The transaction made on these apps or websites is done via electronic data exchange, which can be either real-time or through internet or intranet networks.
Betaverse prediction deals in
Sports
Politics
Global Events
Movies
Crypto
Process
How it Works
Distribute Reward
Winners
get all the money from the pot (winners + losers
contribution) in proportion of the pot
contribution.- 3%
commission is charged from the contribution of losers
contribution.
- (1% is
distributed to arbitrators and 2% is used to buyback
BET tokens and burn)
Wrong Challenge
- User
Platform Deposit tokens are collected and
burned.
- When
arbitrators give different result than
reported/challenged result.
No Result
-
Arbitrator Deposit tokens are collected and
burned.
- When
there is no agreement between arbitrators, such bets are
recorded.
- Arbitrators
in minority are flagged. 3 times flagged arbitrators
deposit tokens are forfeited and burned.
Dispute & Arbitration
- When
there is dispute amongst users for the outcome, market
is referred to Arbitrator.
- Everyone
receives their money back.
Video
Association
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