Frequently Asked Questions
1. How does the betting system work?
Betting events are created by administrators who set up the event question and options (e.g., Option A and Option B). Users place their bets on either side, and all bets are recorded on a blockchain-powered smart contract. The total prize pool is determined by the combined amount wagered on both sides, minus any fees.
2. How are rewards calculated?
When an event concludes, if Option A wins, all users who bet on Option A share the prize pool proportionally to their wagered amounts. Conversely, bettors on the losing side (Option B) do not receive any rewards. Rewards must be manually claimed from the bet section once an event is settled.
3. What fees are associated with placing bets?
A fee is deducted directly at the time the bet is placed. Note that the fee may vary depending on the bet, and the total prize pool is calculated after the fee is subtracted.
4. How do I claim my rewards if I win a bet?
If you win a bet, you must claim your rewards manually from the bet section. Once an event is settled, navigate to the event details and click on the "Claim Rewards" button to receive your winnings.
5. How do I participate without creating an account?
Our platform is powered by smart contracts, so there is no need to create an account. Simply connect your Web3 wallet (e.g., MetaMask) to interact with the system and place your bets.
6. Which blockchain platform powers Zether Bets?
The game is currently available on the Zether blockchain. For more details, visit
zether.org. The system is developed and maintained by the Zether team.