🏦Sportsbook

What sports and markets are available on UBET?

Bettors can bet on sports events outcomes and trade their bets. UBET Sports support

• Football (Worldwide and European leagues)

• Basketball (NBA, NCAA, WNBA, PBA, KBA)

• Cricket

• Tennis

• CS:GO

• Volarent

• League of Legend

• Dota 2

The currently available markets are moneyline, handicap (spread), and total (over/under) points. Adding more markets is on our top priority list!

Our competitive advantages

🖥 User Interface

The user interface is optimized for both traditional sports betting and cryptocurrency communities that are simple, self-explanatory, cutting edge and all-in-one-page. Most importantly, any user can easily engage in betting even if they are not exposed to the traditional sports betting market.

💳 Lower, consistent, and transparent vigorish (service fee)

Vigorish is a term that is used in the traditional sports betting world. It is equivalent to a service fee that the sportsbook takes as a guaranteed profit. Often it is used to offset the risk that a sportsbook takes against the bettors.

• Lower vigorish The average vigorish that a sportsbook takes is 3.5–6.0%. By the nature of our betting protocol, we are able to lower the service fee to 3.0% + slippage fee (based on the wager size and liquidity pool status), and most of it gets re-distributed to our liquidity provider community. More specifically, the liquidity provider earns the service fee for providing liquidity to the market.

• Consistent vigorish Another big downfall in standard sportsbooks is that they constantly change the vigorish as their risk of profit changes dynamically until the game begins. This makes it very difficult for average sports bettors to win the market. As mentioned, the service fee is fixed at 3.0% before the sports game starts and only the extra part is the slippage fee. Therefore, the vig can go as low as 3.0%.

• Transparent vigorish Betting odds and vigorish (service fee) are presented separately to users. This sounds obvious for any trader but it is different in the sports betting world! This makes the user unable to know what the true betting odds are and what the actual vigorish is. The betting odds represent the market-implied probability of the event. Thus, understanding this quantity enables us to calculate the expected return given that the market is efficient. Moreover, the bettors know how much they are paying for the service fee.

💸 Fast payouts

Our own betting contract in the blockchain - consists of the event, settlement result, and maturity date. The bet tokens can be converted to a USDC (or UBCKS if it's on testnet) and redeemed into your wallet.