Hey Steemians,
We have some great news for you!
Now you can play bets without worry! Because you don't lose your money. How?
Every Loser of a Bet Gets - Upvote from @betgames worth $1SBD for every $1SBD of bet
@betgames will upvote every losers post for the amount of bet they made.
Because we wanted to make sure losers don't actually lose money!
We will upvote every losers quality post for the amount of bet they made.
If you have bet 1 SBD and lost, we will upvote your quality content posts until you get $1 SBD upvote from @betgames.
So losers actually get their investment back, while winners get back both investment and some profit.
Our current voting power is at $0.07 SBD per vote(this will increase in near future). So we will vote every losers 15 quality posts so that you you get somewhere close to $1.05 SBD worth of vote.
if you don't have 15 quality posts, we will keep voting for your new quality posts until you are paid what you have bet!!
And you already know what does winner of a bet gets, Winner gets instant money from losers bet distributed equally
So to summarize:
-
Winner always gets anything >$1SBD based on how many losers are there.
-
Loser get upvote from @betgames worth $1 SBD ( current voting power of @betgames = 0.07SBD, so total of 15 upvotes on 15 posts= 15*0.07 = $1.05 SBD, this will take some time as we can't vote too many posts a day ), remember to have some quality content
-
What does @betgames get? @betgames get a fee of 10% from total bet amount
-
To help us vote losers more efficiently with bigger vote value per vote, so that we can get their loss recovered as soon as possible, we would love more SP delegated to us.
-
If we get lot of SP we can vote for both losers, winners as well as the delegators for their quality content.
- So you earn by delegate, you earn via betting, you earn even if you lose.
So we are here with delegation service as well.
For every 100 SP you delegate to @betgames, you will receive $2 SBD a month from @betgames
Note: payouts will be made every 15 days, if you undelegate before 15 days you won't get the payout
Delegate 100SP = You get $2SBD every 30 days
Delegate 500SP = You get $10SBD every 30 days
Delegate 1000SP = You get $20SBD every 30 days
Delegate 5000SP = You get $100SBD every 30 days
You can make delegations for any amount>= 100SP, for every 100 SP you delegate you will get $2 SBD per 30 days
To make custom delegations you can use the delegation manager avaialble at
https://steembottracker.com/delegation.html
Go ahead and bet, win SBD if you win bet, get your investment back as upvote if you lose bet
To bet for Game 1,
Send 1 SBD to @betgames with your choice in memo (choice A - Australia, choice B-England)
Click here to go to the post regarding Game 1 Betting Info
To see who voted for who?
At last if you feel you want to donate some SBD for this initiative, please feel free to do so by donating any amount to @betgames
Our first betting game is posted here:
https://steemit.com/betgames/@betgames/betting-game-1-cricket-aus-vs-eng-jun-13-2018
You can see how many SBD's are wagered on each side on our home page which is updated every 6 hours. You can always check out wallet to get live update how many bets are made on each side.
We are here to entertain you all and in the process you will earn money and not lose for sure!
Also, please note that when we upvote loser, we wan't to make sure that you shouldn't plagiarize your content, if we come to know that you did plagiarize we will remove the vote and ban you from playing bets. So please contribute to the steemit society with your good content.
Once we are done with Game 1, we will announce next game. We will keep interesting matches for betting.
We also want to make sure every game we post the two sides have somewhat equal odds of winning so that its not too obvious who will win. Everybody on steemit are welcome to nominate next game on comments, we will take your inputs. FIFA world cup is also under consideration. Nominate games on comment.
We want you to have fun as much as possible and will consider the games you like for betting
Also, we are a big fan of @gtg, and @yabapmatt please note that they have no connection with us, but we just love their work
So vote for their witness
vote for gtg
vote for yabapmatt
We have also voted for @utopian-io and @busy.witness , Please let us know if there are more interesting witnesses we need to vote on, we are here to serve the community, lets grow together!
Join our discord channel: https://discord.gg/S6C4Q9a
Credits,
@betgames
This one is a better idea over the other. Making this a reality is quite a significant move. Hopefully in the future you can add much more greater things in your service. I am not of betting against other peoples money but I am fan of bringing new people into the system. Cannot wait to see you grow as time goes by
Wow......This is a welcome development that i think will help the community grow. I mean.............since everyone is gonna make money, then there us no LOSER. This is amazing. Thumbs up
Agree. This is awesome in my opinion.
Thank you so much for your support! Hope everyone enjoys our service. We too don't like when someone loses their hard earned money, so we thought why not use steemit environment to give it back to the participants.
Hopefully we get some SP delegators in near future. Otherwise there will be huge backlog of accounts to which we need to vote as their betting recover for their quality content. Our current voting value is at $0.07 SBD per vote. Hope that grows with time!
Thanks,
@betgames
That's really nice from you!! Thanks for bringing us this chance to earn money without losing them
good news
I love the idea. Atleast steemers dont have to worrying too much about losing money.
Great post
Well done, thanks for the initiative
Amazing photos..
Thank you Sir, it means a lot to us!
@betgames
good for you ..
Always who works deserves .. We must remember that God will not wrong us and that each one of us has so much chance in life
Great post .. thanks..
Wow, this is absolutely a brilliant idea for making everybody on a win-win situation. It will surely bring everyone in and encourage them to be part of the system and not only for the betting purposes. kudos!
good idea, I participated.
We got your bet, thank you.
@betgames
You currently have 500SP with a 100% vote of roughly 0.07. Let´s say your voting power is being spent immediately than your overall STU you can distribute is 1.785.
In order to be able to upvote let´s say 100 losers you need roughly 56 times more voting power to fulfill your promise of recovering the 1SBD within 15 posts. That´s a delegation of 28,000.
That doesn´t sound too much. But you are going to have more than 100 losers if you grow. And you have to pay the guys who delegate their power to you while you can´t upvote your own stuff to pay them, because you have to use all the voting power to pay the losers of the bets.
If you want your business model to succeed your delegations have to grow significantly faster than the number of users. However people will only delegate if you prove that you can keep your promise.
No matter how you frame it you would have to pay the delegators or the losers from your pockets and we all know that you will not do that.
We understand the concern you mentioned, paying the loser is going to take some time at our current SP, but we will pay. The disadvantage of losing a bet is you have to wait for our vote, we will vote with whatever steem power we have got. If someone delegates us, thats going to help the cause.
When the user base grows, we will be able to use the fee to pay for the delegators. Though initially we will need to make some investment, but we believe by providing quality service we will grow, and thus we will get delegations as well.
Thank you for your inputs,
@betgames
I dont think the idea of voting losers to support them is a good one. as each wek passes, the list will only get longer, and with the current SP you have, it's gonna be a long time to get it over with. i dont have a solution to that, but i need you to consider it
Checout our new post: https://steemit.com/betgames/@betgames/betgames-game-1-winners-are-here-and-game-2-announcement
In a way its good for steemit platform if it takes time to payback the losers. As losers will stay on this platform for long while contributing with their articles/comments/etc
Don't get it either , help?
oh well.. thanks for the info
I prefer I bet with my upvote
How to bet with your Upvote sir?
We wish we could do that, but with the payout from upvote being paid out after 7 days, winner wouldn’t be ready to wait for their SBD till then. We really appreciate your comment , we can grow only with support from top community experts like you!
We pay the loser of bet via upvote to recover their loss from betting! So we would love if any of you delegate some of your SP ! We are willing to pay $2SBD per 30 day for every 100 SP delegated!
Thanks again for your support, it really means a lot for us!
Regards,
@betgames
this is amazing, awesome work
Lol, nice
That looks like exploiting steem or misleading people, in both ways its fishy, lets find out what happens.
Everything is clearly stated, not sure how this is misleading. All you will be doing is spending the money on bet instead of buying bid based votes. If you win you get SBD if you lose you get votes on quality contents.
We will never make anything that's going to reduce the quality of content being upvoted.
Fan of JerryBanfield, why doent that suprise me......So if 1000people make a losing bet you willgive them all their stake back in the form of upvotes ? lol...how exactly is that going to work?
We are fan of every contributer to the community, and we do not know about the politics of which whales doesn’t like which one!
We are sure we have got some downvotes just because we mentioned three of the whales!
We know that there will be huge backlog of losers to whom we will need to provide upvotes, therefore we are offering SP delegation service! We hope people interested come forward to delegate and earn SBD!
Worst case scenario, we will rent SP and vote for losers to recover their bet, though it will take some time, but we wil!
Thanks,
@betgames
Great game. Just waiting for the next game to be announced.
Wait, I am really confused. If I spend 1 sbd and get a 1 sbd vote, then I still lost 25%..... I am still a loser then because of how the payout is split.
Your reply is very good to me
I was also wondering
Hi , in simple terms.
say there are 5 winners 5 losers = 10 SBD collected.
Betgame bot cuts 10% fee = 1 SBD in this case
Then each bet Winners get = 9/5= 1.8SBD
Losers do not get SBD, but we will keep voting for their posts(for the quality posts) so that they recover 1 SBD via upvotes.
Hope you understood!
I think he meant the 25% curation. So upvoting the posts with the votes after 30 minutes will deduct the full curation, basically reducing the 1.05$ to 0.788$.
This could only be avoided with upvoting new posts directly after posting with under a minute or increasing the amount of votes to counter the 25% curation.
We can't vote for a post without looking at the content of the article, we will make sure to add 25% extra vote, but on good content posts only!
wow i didnt know they had something like this on steemit.. i totally need to get involved
OK, so how about this: I send 1 SBD for Australia, and then I send you 1 SBD for England. If you take both SBD, then no matter what, you have to pay both the winnings and the upvotes.
Based on our terms in the post, say there is only 1 person who bets , and that 1 person bets on both team 1 SBD each, we can’t cut 10% on total amount as that reduces winning amount below what you send, so your amount will be returned to you as is. For the losing amount, yeah we will have to vote to cover your 1 SBD .
Which really doesn’t matter if we get more and more delegates for SP, at this point our payout for losers via upvote will be extremely at slower rate, though winners get their profit within 24 hours of game results
Yes, well you obviously can't allow betting on both options anyway, given how you are rewarding the losing bets. I had read it literally as winner's always receiving at least one SBD back - but this is per SBD bet, which does make sense. So if I bet 2 SBD, and win, I would always get at least that much back (or $2 SBD worth of votes if I lose).
Yes you are correct! We would have loved to keep betting games every day, but we don’t have enough SP to reward losers every day, so we will post one to two games a week till we get enough delegations.
We will vote with whatever we have to the losers of bet until they recover their SBD, at this point it’s going to be slow considering our voting power is worth $0.07sbd per vote as of now!!
Hopefully, you will get some more SP delegation so you can reward more of the betters even if they loose...Kodus for such an idea @betgames. "Mabuhay" and more Power to you!
Thank you @joshvel, it means a lot to us!
@betgames
This is a a very nice money-machine: you are genius! 😎
A big hug from @amico! 🤗
Nice idea.
mida sa ajad
awesome!!! that is a nice idea because this is a win win project.
thanks guys!! good luck!!!
have a great day!!!
Just testing something :) tipuvote!
I'm just a newbie in here and this is a very great opportunity! Thanks @betgames
yes nice
I've not 1SBD to send so you can sent or upvote my post first then I will surely sent you
WHy would you comment this in the first place my brother. I am a new person here but i can tell this comment does not sound good at all
If you face any problem in this comment. I'm really sorry
hahahahah :)
Stop being loser and be LOSER
Such a nice business innovation hahaha
Very nice. This makes following @betgames an even better deal than previously. Now I just need to get my Steem Power up quickly!
@oraclefrequency,
Our main idea here is, once we have enough steem power, then we can vote for losers as well as winners making them gain more and also we will vote for delegators.
But mainly keeping in mind that the quality of content should be good. It wouldn't be like buying bidding bot votes where anyone can buy votes.
Here no buying, we will vote for every loser, then if we have enough voting power left we will vote for delegators, then if we have enough voting power left we will vote for winner of bet as well for all their quality articles.
So a betting where you don't lose money is what everyone needs!
Plus delegators will earn a fixed income of $2 SBD per 100 SP delegated every 30 days
Happy betting,
@betgames
Thank you for taking such kind of speculation. I hope the new ones will benefit from this initiative.
El proyecto parece muy bueno para quienes nos gusta el juego, hay que probar para experimentar el resultado, solo una pregunta. El perdedor recibirá su inversión, en un tiempo no definido, en esto, juega un papel importante, el valor del dinero en el tiempo, hoy, puedo comprar o cambiar 1 SBD por productos o cualquier moneda o criptomoneda, podre adquirir lo mismo, cuando retorne mi inversión
Haha! Looks very nice. Surely will bet as soon as I can :)
Woow good post
WOW!tnx bro this is really a good new.Well work work bro.
@betgames with best gaming. nice and lovely concept..no lose only win.thats a great idea.thank you.
Wow.! I love this. A very good move that will favor every body. Nice work
Yeah bro you right
This is so unreal.
Gambling, But you can't lose, only win.
The dream come true
Give me some weeeeeeeeed
Excelente propuesta.. felicidades por la iniciativa
Gonna boom soon
G machaaa
what i do i have 0.04 SBD?
oops
I was to try @betgames but error.
are you trying to vote for witness? I guess you have voted for 30 witness already, so you can't vote more.
But you can definitely bet :D
@betgames
can you tell me with some details....
What details are you looking for?
thank you for sharing your idea! good luck @betgames
good to hear that we will be betting in win win situation. that's a great way for us. we always beside you and I already wannted to play betting.. that's a great plan for us.. thanks.. stay with me to get my post in different research that you also can earn money..
niice
You got a 20.30% upvote from @postpromoter courtesy of @betgames!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
UH........FFF INTENTARE MEJORAR LAS PUBLICACIONES...