We are happy to present you #Eldar's Betting Pool with a thread👇👇👇 
#egld #elrondcommunity

Available : 01/08/2022 (dd/mm/year)
#AugustFirst 

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Betting Pool is Eldar’s newest dApp, that brings smart-contract based betting, to life. A betting pool is a method of betting, in which, all money bet on the result of a particular event by a number of people, is awarded to one or more winners. 


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Players pay an amount into the pool and then select an outcome. The pool is evenly divided between those that have made the correct selection. There are no actual odds involved as each winner's payoff depends simply on the number of players and the number of winners.

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It all Begins with #Qatar #WorldCup #2022

In Eldar’s World Cup Betting Pool, all players can bet a minimum of 0.1 EGLD and can bet on one or more teams. Participants choose the team they believe will win the World Cup 2022 and the amount of EGLD they want to bet.

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World Cup Bets will be closed on 20th November 23.59 UTC.

Bet there is more #betting for everyone

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*Until 20 November 2022 users can use the FULL betting experience ONLY if they have already placed a bet in World Cup .

If they don't place a bet , betting options for other Sports will be disabled until they place one.

After that date will be available to everyone.

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But How does it work ?

The total EGLD amount the Betting Pool will acquire, will be split to the ratio 9:1. This means that:

90% of the total Betting Pool size, will be equally split between the players that will have correct predictions.

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10% of the total Betting Pool size, will be shared as follows:

• 2% towards the fundraising #TogetherFor Victor https://twitter.com/dnsv123?s=20&t=UweHeVsGqEy_l5ygcm_gVA

• 2.5% to Development team

• 5.5% for Marketing purposes

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After the end of the game and the determination of the winning team, all Players that correctly predicted the winning team, will receive their prizes to their wallet. Winners do not need to claim their winnings, as this will be automatically done by the Smart Contract.

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On home page, users can find components that will give them information about:
o Placed bets. Users will be able to see their placed bets.
o Up to date total amount collected for #TogetherForVictor.
o “SWAP” $LKMEX->$EGLD component shortcut, for users’ convenience.

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There will be also a statistics page for users to check total betting volumes and of course their betting history with PNL

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More information could be found tomorrow at

https://docs.eldar.finance/

You can read the unrolled version of this thread here: https://typefully.com/eldar_finance/5k8vSL0