We keep getting similar questions from our users. So here is the list of FAQ's and their answers!

Announcing set of rules, payouts, guidelines

FAQ's

1. Games that you will bet on: We will announce a set of games for every week on every Sunday via a steemit post. We take users input on the kind of games we want to select via our discord channel . We encourage you to bet on all the games to win more SBD's and upvotes!

2. Amount you can bet per Game: We allow you to bet anywhere between 1 SBD and 10 SBD per game, but remember the winning amount depends on how much we have wagered for losing team. So for the winners of a bet if the profit per SBD of investment goes below Zero, we will refund your investment without cutting any fee.

3. Can you change your bet to another team once you have placed a bet? : No, you can't change your bet.

4. Can you place bets on multiple outcomes? : Yes, if you see one outcome for the game is wagering more money, so if you want to place a bet on another option, you can place another bet. This will only boost the losers fund, so helps to increase the amount the winners get.

5. what is the deadline for making a bet: Bet-lines will close before 30 minutes of start of the game

6. What happens if the match is cancelled due to unforeseen circumstances : Your bet amount will be refunded without cutting any fee

7. Where do we track the total wagered amount and wagered amount by outcome?: Every Sunday's post involve a link to tracking sheet, where you can track how much SBD has been wagered for each outcome of the game for that week.

8. What is the fee cut on winning amount?: A total of 10% will be cut on total wagered amount:
   

   • 5% is the betgames fee , used to improve our service, to purchase SP so that we can upvote your posts more quickly

   • 5% goes to bonus fund fee, used to payout for users who stick with us for long term. i.e For every 50 bets a user played with us he will receive a bonus of 1 SBD

9. When you receive winning amount(SBD payout): You will receive your winning amount within 24 hour of the completion of the game. We haven't automated this part just to make sure we don't hardcode our master key/private key in any code. We take security of our account with major importance as users have lot of stake with us

10. What do winners of a bet receive? : Winners receive of bet receive funds from losers pool, after cutting the 5% fee and 5% bonus fund, if the betgames fee and bonus fund fee reduces the profit of winners to less than 0 SBD, we will not cut the fee, rather we will refund the betting amount to the winners

11. What do losers of a bet receive? : Losers of a bet receive upvotes from us so that they recover all the losses

12. Don't you think as the number of losers grow it becomes harder to recover their loss via upvotes?:
    Yes, we are aware that as number of losers increase , it will take more time to recover their loss via upvotes as our SP is low at the moment. However,

    • We think that in a way it is good for steemit platform, so that users of our service stay on steemit platform for longterm to receive their loss back via upvotes from @betgames

    • We also are offering delegation service, where we pay $2 SBD per 30 days for every 100 SP delegated to @betgames

13. What are the additional perks of playing bets with @betgames?

    • As mentioned earlier for every 50 games you bet, you receive 1 SBD as a bonus from the bonus fund we collect

    • If you stick with us for long, and if you are suitable for a role , we may hire you to our team as the need arises

    • If you delegate SP to @betgames, apart from 2 SBD per 30 days for 100 SP you delegate, you will also receive random 100 % upvotes from us for supporting us with your SP

Our current SP is not significant, which will take us long time to payback the losers of a bet. So we have introduced a delegation service:

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 track how many SBD's are wagered for each Game, please click here, this sheet will be updated as we receive bet amounts

We always promote risk free betting, good content from authors and expect our users to stay on steemit platform long term

Our betting game ensures that you never lose your money in long run! Lets all grow together and make this a better community!

For any concern you have you can always join our discord channel and let us know, we value our users input/suggestions/critics etc. We will try to respond to your queries within 24 hours.



Join our discord channel here: https://discord.gg/S6C4Q9a

Regards,
@betgames