Regular Betting Tournament
The love for the UBET community is only growing stronger… UBET likes to return the love as well to you! After successfully launching our bet race, we got a request from our members to host something for pre-riches. Henceforth, we announce regular betting tournaments, and importantly, this one will be skilled based rather than richness!
How does it work?! You will know if you have been our community member from our beta era.
Betting tournament participants will ranked by UBET metric, that is composition of return of investment and consistency. The point metric is fundamentally based on the return on your bets, which is independent of your starting capital to ensure fairness. We also need to make sure that your winnings are not a fluke, so we take your number of bets into account. Therefore consistency (the confidence) is a function of the number of bets. See more details here.
The total prize of the tournament is $500 over 3 weeks. The tournament is divided into two sections, one for sport and another for esports offering a $250 prize 💴 each. The prize distribution for the top 5 winners will be based on UBET points. To qualify for betting, you must make at least 33 bets per tournament.
The leaderboard will be shared on our discord and telegram channels! From the Sports and Esports tournament, the prize distribution for the top 7 winners will be based on UBET points.
Rank 1 receives $100
Rank 2 receives $50
Rank 3 receives $20
Rank 4 receives $10
Rank 5 receives $10
Rank 6 receives $5
Rank 7 receives $5
Also, the person with the highest loss in terms of USDC will win $50.
To be eligible, two key criteria must be met by participants. (i) Must be 18 years old, and (ii) Place at least 33 bets in any sports/esports respectively.
UBET is a decentralized sportsbook. We eliminate the house and risk aversion that exists within existing sports prediction market products. Our unique system and architecture will allow all sports fans to trade their predictions, when they want, at market-implied odds without friction. For more information, visit ubetsports.io
UBET SPORTS Reference:
Website: http://ubetsports.io/
Twitter: https://twitter.com/UBET__SPORTS
Discord: https://discord.gg/Za3wY4PvWU
Telegram: https://t.me/Ubetsports
