BetBitX Docs
  • 🦄OVERVIEW
  • 🎰Our product
    • Inhouse games
      • European Roulette
      • The Dice Game
      • Coin Flip
    • Classic Casino
    • Betting
      • Bet Pool (BLP)
      • Maximum Betting Limits
      • Verifiable Randomness
      • Fees
    • Our Roadmap
  • 🪙Our Tokenomics
    • Revenue flow
    • Token Design
    • The BetBera NFT collection
      • BetBera Art Designs
    • Token Allocations
      • Vesting Schedules
    • Governance
  • 🧪Product Navigation
    • Depositing funds
    • Providing BLP liquidity
    • Convert your $BT tokens
      • Convert $BIT into $esBIT
      • Burn $BIT into $xBIT
      • $esBIT into $xBIT
    • Staking
      • Stake $esBIT
    • Vest your $esBIT
      • Vest $esBIT
      • Unvest $esBIT
  • 🛠️For developers
    • Smart Contract Addresses
    • Security
    • Verifiable Randomness Function
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  1. Our product

Betting

How Will Betting Work?

  1. Users have to first deposit betting assets (USDC/USDT/ETH) into their game account before they can start playing the games.

  2. Max bet limitations are set based on the max payout of each bet, with respect to the amount of betting assets available in the Bet Pool.

  3. Bets follow a process that involves two transactions, which occur synchronously and cannot be re-entered.

  4. First transaction occurs when the user initiates the bet by signing for the transaction when they click the “Bet” button on the web interface.

  5. Second transaction is when VRF provider submits a transaction to fulfil the random number generation request submitted by the game’s smart contract in the first transaction hence determining the outcome of the bet initiated by user.

  6. BetBitX will cover gas fees for all betting transactions.

Due to the low gas cost of our deployed network, the actual costs of these transactions will be extremely affordable

PreviousClassic CasinoNextBet Pool (BLP)

Last updated 8 months ago

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