Elaboration on UBET point system

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.

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Winners of the UBET Beta Tournament (before the World Cup) Receive Their Prize

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….

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How Blockchain Sports Betting Solves the Cash-out Process?
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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.

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Key Reasons Web 3.0 is Needed More than Ever in Africa

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.

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Web 3.0: The Future of Sports Betting?