World Cup betting rules
Last updated
Last updated
Quiz rules: Only trending matches will be opened for betting There are only 3 possible results for each match: Team A (Home) wins, Team B (Away) wins, Draw Bets are multiplied by 10 PEX. The maximum of bets per vote is 100. No limits of number of votes. The bet winners will increase their rank and receive rewards in PEX. The address with the highest ranking will be qualified in the World Cup NFT whitelist. Ranking is calculated based on the total number of personal winner bets for all of the matches: Personal rank = previous record ranking + number of personal bets for winning match The winning rewards are calculated as follow: (Total prize pools / Total number of winning bets) * Number of Personal Bets.
Example for the calculation: Total Prize Pool = 10000 PEX Total number of winning bets = 600 Number of personal bets = 20 (bets from user address) Rewards distributed per winner: (10000 PEX / 600 * 20) * 10 = 333.33 PEX (rounded up to 2 decimal places) Personal ranking increased by the number of personal bets
Notes: There is no PEX and point reward for the losing bets If everyone bets on one side and no one bets on the other, no one gets a bonus point. If the group guesses correctly, rewards are distributed; If the group guesses wrong, PEX will be handed over to the pool. If the result is a draw, no one will get bonus points and the pool rewards will be distributed back to all participants.
Demonstration of rewards winning calculation: