We have implemented house bets for every single round. This ensures that anyone can bet at all times and earn a positive payout if they predict correctly. For example, if everyone bets UP, but no one bets DOWN, everyone will still get a positive payout as we have house bets covering both UP and DOWN.
Our prediction contract uses the ChainLink Oracle price feed to set the prices used to dictate whether a user has won or not.
No, you’ll be able to collect your winnings at any time in the future
Payout Ratio for UP Pool = Total Value of Both Pools ÷ Value of UP Pool Payout Ratio for DOWN Pool = Total Value of Both Pools ÷ Value of DOWN Pool For example, if there’s 15 Matic in the DOWN side of a round, and the overall prize pool is 150 Matic, the DOWN payout ratio will be (150/15)=10x. Payout Amount = Payout Ratio × Position × (1 - Treasury Fee) In the above case, if the round ends on a DOWN result, if you committed 2 Matic to a DOWN position, you’d get a payout of (2*10) × (1-0.03) = 19.4 Matic. Your profit would be 17.4 Matic (19.4 - 2).
The round is automatically cancelled and eligible to reclaim. House fees are not applied to reclaimed rounds. Check the History page or the Previous card for the collect button.