I like all of this - besides the fact that a 10 % fee is twice what many bookmakers take. I feel that with > 5%, ideally >3%, you would have a service that could blow traditional bookmakers out of the waters
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Hi @citizenkane,
we really appreciate your suggestion, the fee is kept 10% here is to to cover marketing expense and developers expense. And good thing here for users are that this is completely transparent via steemit platform transaction history and no house advantage like that of gambling games. Here players bet against each other. Not against the owners of the bot.
Winners will get SBD's from losers distributed equally among winners.(10% fee will be subtracted from total)
Example :
if 100 people bet in total. Say 25 people bet on team A and 75 people bet on team B.
And lets say team A ends up winning.
Total Received amount=100SBD
Fund After Subtracting 10% Fee=90SBD
In this case BetGame bot will pay every winner = 3.6 SBD ( which is 90 SBD divided by 25 winners )
Happy betting,
@betgames