Smart Bet Pools (Community-Powered Betting)

Collaborative Betting with Community Bet Pools: BetZone’s Smart Bet Pools encourage users to team up and back specific outcomes collectively. Each pool operates like a betting co-op where users stake funds towards a shared outcome or a series of bets across different events. This collaborative model promotes a sense of community and allows users to share in larger rewards.
Progressive Bet Pools with Tiered Payouts: BetZone pools offer tiered payout structures, where users can achieve incremental rewards based on collective betting success. For instance, a pool might reward participants at 25%, 50%, and 100% levels, allowing users to lock in rewards even if they don’t reach the top level.
Automated Pool Management by Smart Contracts: Smart contracts govern every pool, securely holding funds, enforcing pool rules, and automatically distributing winnings based on pre-set conditions. Each pool’s terms, odds, and payout structure are transparent and verifiable on-chain, giving users full trust in the process.
Community Governance for Pool Creation: Users can propose new pools or vote on active ones. This lets the community create betting pools around high-interest events, creating a more dynamic and responsive betting landscape. If enough users vote to create a specific pool, it’s automatically launched, with community control over the terms and odds.

Last updated 1 year ago