Re: Free Betting Competition $2000 in Prizes Sponsor: Betking.io (Discussion Thread)
I absolutely agree with this. I've just registered for the new competition, hope I'll be more lucky next time. 
I have a question about the minimum bet. As far as I understand, it should be not less than 10% of your balance. So, if my balance is 32,000 sats should my minimum bet be 3,200 sats or should it be 7,000 or 8,000 sats? Asking because I thought that min bet was 8k sats, but I saw in the Leaderboard that for some participants it was 7k sats or maybe even less than that.
I have a question about the minimum bet. As far as I understand, it should be not less than 10% of your balance. So, if my balance is 32,000 sats should my minimum bet be 3,200 sats or should it be 7,000 or 8,000 sats? Asking because I thought that min bet was 8k sats, but I saw in the Leaderboard that for some participants it was 7k sats or maybe even less than that.
It's not 10% at all. It's quite less actually.
As stated in the rules, a bet needs to have a stake between 1% to 5% of current bankroll.
The reasons why you saw different stakes for different users, is because the stake is always based on current bankroll, and you current bankroll changes according to your profit and losses during the competition.
Here is an example:
- You start with 8mBTC bankroll. Bets here need to be between 0.08mBTC (1%) and 0.4mBTC (5%)
- You win some bets and your current bankroll is now 10mBTC. Bets need to be between 0.1mBTC (1%) and 0.5mBTC (5%)
- You lose some bets and your current bankroll is now 6mBTC. Bets need to be between 0.06mBTC (1%) and 0.3mBTC (5%)
Hope this makes things clear!
If you have any more questions, please let us know.
Thanks! Yeah, this makes things clear about the lower limit for a stake. But now I have a question about the upper limit. You said:
Quote
As stated in the rules, a bet needs to have a stake between 1% to 5% of current bankroll
Does it mean that if my current bankroll is 0.32 mBTC and I make a bet with 0.1 mBTC it won't qualify for the competition because a stake have to be not higher than 5% of my current bankroll, or not higher than 0.016 mBTC?
I'm pretty sure that during the previous competition all my stakes were 10% of my bankroll and above and they were considered as valid ones because I was receiving points. So, this part is unclear to me.