Fees
0 Betting Fee Policy
We believe that for a gambling platform, a player should be as unencumbered as possible. The sole focus is to give the player as frictionless and as enjoyable an experience as possible.
Thus, Betbit will NOT charge any fees for the use of the platform. All players are free to bet as much or as little as they want without a concern about betting fees.
Building The Feedback Loop
Instead, a portion of our house winnings (when a player loses) will be retained by BetBitX, while the majority of the remaining winnings will flow into our Bet Pool. The house winnings retained by BetBitX will be dedicated to the following:
Incentives for Players: Periodic incentives for our most loyal players.
Mega Competition events: Players compete on gamified metrics based on their player volume and types of games played.
Rewards: for $esBT $xBT stakers.
Our referral program to expand our reach & network.
Rake backs to reward our most loyal players.
Protocol operational costs.
This enables a crucial flywheel for BetBitX:
As more players gamble, more house winnings are retained.
As such, amount of rewards increase, incentivising more players to use our platform.
This leads to more gambling volume and more house winnings to attract even more players.
While this happens, our BLP pool continues to grow with higher APR, attracting more deposits and enabling even higher bets.
This leads to more house winnings which loop back to higher BLP value and even more rewards, kickstarting a flywheel for BetBitX to deliver unprecedented growth.
Learn more about our revenue flow here:
Revenue flowLast updated