Total Bankroll Balance

NaN

$NaN USD

# of Contributors

How bankroll works?

When a user contributes an amount of SOL from their Betting Balance to the bankroll they receive Bankroll Shares which represents their ownership % of the Bankroll. Their Bankroll Balance then reflects the value of their Bankroll Shares in SOL. When a user wishes to redeem their shares they receive SOL back to their Betting Balance. As bets are won and lost, the amount of SOL in the bankroll goes up and down, and the share price moves accordingly. Contributions and redemptions from the Bankroll do not affect share price, but will affect the Max bet.

Bankroll details

The Bankroll is the centerpiece of SOLbet. Any user may contribute to the Bankroll. Bettors bet against the Bankroll. All winning bets are paid from the bankroll, and 99% of losing bets are paid to the bankroll, with the remaining 1% paid to SOLBET token stakers. A betting site with -110 sides has a theoretical hold of 4.55%. The Bankroll should grow over time, although with significant variance. While SOLBET token stakers will realize linear gains, the Bankroll should realize the majority of the profits. The Max bet calculation uses a Kelly criteria calculation, currently pegged to 1% of the bankroll. SOLbet Admins, at their sole discretion, may increase or lower the max bet % based on Bankroller feedback and site activity.