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.
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….
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.
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.