UBET Sports Betting: Your Guide to the New “My Bet” Page Features
This article aims to provide clarity on the changes and address any questions you may have. Our goal is always to deliver unparalleled customer support and a top-notch betting experience. The “My Bets” page features the new terms name:
1. Expected Payout
2. Maximum Payout
3. Redeemable Amount
4. Total Value
Elaboration on UBET point system
The UBET point system measures total winning and losing bets. The profit or loss relative to the betting amount (ROI) is taken into account, e.g., one who bets 1 UBCKS to earn 2.5 UBCKS earns the exact same number of points vs. one who bets 10 UBCKS to earn 25 UBCKS. In this case, the number of UBCKS on hand does not affect the points at all to ensure fairness. It may be hard to wrap your head around this, as with real money, one definitely wins more if he or she places a larger bet.
Announcement of the First UBET Betting Tournament in 2023
A new UBET testnet public Betting tournament will kick off again on January 13th and will run for a total of 3 weeks till Feb 2nd. We concluded the last World Cup betting tournament [insert link of the article] and would like to invite all new & past participants to join the upcoming tournament. We will adopt the point system and only the bets within the 3 weeks will be taken into consideration to ensure fairness.
UBET Sports is selected for a chance to win the weekly Smoothie Award
UBET Sports is in great support of the discover-to-earn idea and we are pleased to announce that UBET has been picked by the Smoothie team for a chance to compete to earn the weekly Smoothie Award of the week of 19 Dec 2022.
The lesson from FTX collapse: self-custody is absolutely necessary now!
The reason why you need to safeguard your crypto assets using a non-custodial wallet.
FTX collapse highlights the importance of self-custody for cryptocurrency users. Non-custodial wallets are wallets that are not held by a third party, such as a centralized exchange (CEX), but instead by the user themselves. This means that the user has full control over their funds and can access them at any time.
Winners of the UBET Beta Tournament (before the World Cup) Receive Their Prize
The top three winners were determined following the conclusion of UBET Sports’ first-ever tournament. The goal of the tournament was to test the UBET platform as well as provide the UBettor community with first-hand experience with it….
Learn how UBET Leaderboard & the point system works!
Many UBettors wondered how the points are determined and requested a post on the UBET Leaderboard metric.
Our 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.
The UBET Sports World Cup Betting Tournament is Here!
We are thrilled to announce that the UBET Sports World Cup Betting Tournament will begin on November 20th and run throughout the FIFA World Cup, with a total prize pool of $2000 USDT to be won. The best part is that there is zero risk involved, so you can participate freely.
Alpha & Beta Quickstart Guide
The UBET testnet public Beta tournaments will begin in October and November respectively and will run until the World Cup concludes. The private-Beta tournament is open to early alpha & beta signed-up members for the purpose of bug testing and the public-Beta tournament is open to the public. Even better! Throughout the tournaments, you can win up to $2,000 USD Polygon in total prizes. Everyone will receive 500 UBCKS (fictional money) and 1 Testnet MATIC. The goal is to finish at the top of the leaderboard in each round.
How Blockchain Sports Betting Solves the Cash-out Process?
The primary intent of sports betting was to reward fans for their passion and the risk they took on the bet, but the current centralised betting system has ensured this remains a far cry. Hence a pressing need for a decentralized betting system.
Why UBET is the Go-To for Sports Betting?
The coming of Web3 has made possible decentralized betting platforms like UBET, whose mission is to address the shortcomings of these traditional bookmakers and create transparent and equitable sports betting environment for all bettors. In this post, we share the 5 reasons why UBET is the go-to for Sports Betting.
Key Reasons Web 3.0 is Needed More than Ever in Africa
The internet has seen explosive growth in Africa in recent years. As a result of this growth, the internet is playing an increasingly important role in African societies, transforming education, business, and social interactions.
Web 3.0: The Future of Sports Betting?
Web 3.0 sports betting opens the door to a new kind of betting system that will gradually do away with traditional bookies.
