Zero Loss Betting
The world's first zero loss betting platform
GambleFi DAO features the first Zero Loss Betting System with initial investment return for a lost bet. Users will be able to bet on various Sports and eSports events and the bet winners will receive prizes. Thankfully in our system losers never lose their capital!
The users’ investment is accumulated and staked for a week in the most rewarding staking pool available. At the end of the betting period the staking pool rewards will be distributed between the winning betters, while the losers receive their initial investment back, creating a zero loss betting system. The betting system is also directly connected to the DAO as 10% of the staking rewards go back to the protocol's treasury.
Reward Calculation
BetMultiplier for each Player bet is calculated for each output using this formula:
In synthesis the Multiplier is influenced by the total number of players and bets on the single output event. That means that less probable events will have a higher Multiplier than the most probable event.
Betting Governance
Being a DAO, GambleFi values the investor’s opinion more than anything. This will also apply to the betting system, where users will be able to choose new featured sporting events on the platform, or upcoming matches from their favorite teams. We will offer the initial technology and system and the community will be our winning card to decide the most requested events.
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