@Betgames Is The Sportsbook Where All Bets WinsteemCreated with Sketch.

in #invest6 years ago


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Hello

I am planing on doing a recap of each week of my NFL betting with @Betgames. I am going to keep doing this cause I still feel that back this service is one of the funnest ways to help grow your account. They also have one of the best delegation deals if you have some spare SP you should take a look. Also if you are giving it to bid bots this is a better service to back and will pay you the same or better in all cases that I have looked into.

So here is the basics again for anyone that doesn't know how @betgames works. They will post games to bet on during the week and on the weekend. If you request a game they will add it to the list. Then the users each places the bets on the games. You can bet in steem but the convert it to SBD so it is best to bet SBD. They take a 10% for running the service but 5% of that is for the bonus payouts you get each time you bet on 50 games. Winners get a payout right away and losers get a 1.25 SBD credit to be paid back with upvotes.

Example 3 people bet on team A to win and each bet 1 SBD. 2 people bet on Team B to win also 1 SBD bet each. For this game the total amount bet is 5 SBD so the fee will be .5 SBD and the prize pool is 4.5 SBD. Team B wins so right away the two players that bet on team B will get back 2.25 SBD. The 3 that lost will each get back 1.25 SBD in votes. Currently with the price of steem their vote is .20 to .22 cents. SO it takes around 5 to 6 votes to pay you back.

As a note you can bet up to 10 SBD if you bet more then you get more of the prize. In the above example if one of the people betting on team b bet 2 SBD it would have make the prize pool now 5.4 SBD But the player that bet 2 would get 2/3 of the pay out of that. So the payouts would have be 3.6 SBD to the player that bet 2 and 1.8 to the player that bet one. So you are rewarding for risking more.

Now for how I did in week 2 of NFL betting. Here are my Bets.
Transfer 1.000 SBD to betgames Game 143: Option C: Falcons to win
Transfer 1.000 SBD to betgames Game 142: Option C: Redskins to win
Transfer 1.000 SBD to betgames Game 145: Option C: Broncos to win
Transfer 1.000 SBD to betgames Game 144: Option C: Rams to win
Transfer 1.000 SBD to betgames Game 141: Option C: Jets to win
Transfer 1.000 SBD to betgames Game 140: Option A: Chiefs to win
Transfer 1.000 SBD to betgames Game 147: Option A: Seahawks to win

Here are my Payouts for the ones I got right and refund for a game that no one took the other team.
Received 2.500 SBD from betgames Game 140: Chiefs won, Congrats!
Received 1.750 SBD from betgames Game 143: Falcons won, congrats!
Received 1.250 SBD from betgames Game 145: Broncos won, congrats!
Received 1.000 SBD from betgames Game 144: Oops! There was no bet on other option. So we are refunding your bet as is, without cutting any fee.

So I bet out 7SBD and I have won back 6.5 SBD and I also got 3.75 SBD credits for the upvote to pay me back for the bets I lost. Now here comes the one part that isn't great. The vote is small and to pay back all the users you only get a few a week. So it can take them a while to pay you back. They have one of the best delegation deals to try and bring in some more SP to fix that issue. Also they are powering up the account as fast as they can. I talked before about the bonus program and goes like this 1SBD bonus after better on 50 games, 2 after 100 games and 4 after 150 games it stays at 4 for each 50 games after that. That pays you back a lot of the cut they are taking.

This is how the delegation works. For each 50 SP you delegate you get 1SBD a month. Paid out after 15 days from when you send it. So you would get a payment of .5 and another payment of .5 at the end of the month. Also as a added bonus you get what they can thankful Thursdays. Where each person that delegates to them gets a free upvote to a post. Current Value is .20 to .22 so that adds almost 1 SP in payouts to you each month. Let me break this down for you.

This is a recap of current payback amounts of popular voting bots.

As you can see the best ones give you a payout of 6.79 to 7.02 SP that you would have to power down to get a payout from. And only 1 to 1.33 SBD. During 15 days if you gave @betgames 1000 SP you would get 10 SBD and .4 to .6 SP. Depending on how many Thursdays fall in those 15 days. Also with each delegation this is going up. So if we get a few big delegations you are talking about getting votes that might give out much more than .2 to .22.

If you want to ask questions or start talking to them join the discord a admin is on most of the time. https://discord.gg/HP9WqY8

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I do like sports betting, so I'm going to check on @betgames a little bit closer. Thanks for sharing, @stever82.

ya it fun need a lot more active players to make it so you could win a lot but more people will help us get there.

Thanks for the weekly update @stever82 . 100% upvote for this , thank you!
@betgames

Listen to this tale of online Betting gone awry at 5:21 int the video:

That would probably be me...

Namaste, JaiChai

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