Re: Crowd Sets the Payout Sports Betting and Bitcoin Gambling, Min Bets Pay Best!
Hi OP i just made 10mbtc bet in carolina phanters with odds x3.25 and won but why i only received payouts 16.5mbtc so its only like x1.65 odds not x3.25
thanks
thanks
Because all games are paid out with the BTC in the pool you cannot win more than what is in the pool.
Displayed payouts are for a 1 millibit bet (optimal bet in a pool game).
More on Optimal Bet Size
Min Bet is the best bet when considering the formula for payout.
example: 1 millibit bet into a 7 millibit pool pays x7.6 Millibits per mBTC bet, if you are the only winner
example: 2 millibits bet into a 7 millibit pool pays x4.2 Millibits per mBTC bet, if you are the only winner
The payout formula can be found on the website by clicking the 'Winner Payout' button on the website.
