NEW! - SideBets/ Custom wagers in prediQto
Now Along with our regular sports based fatasy leagues where you pick teams and players , This New wager game lets friends and family create and join light-hearted betting challenges on the sports league you are playing. Anyone in the group can float a wager in plain language, others place their "Yes" or "No" bets with points, and once the event concludes the creator resolves the outcome.
It is a fun, time-limited way to spark friendly competition and conversation - without involving real money.
Overview
Any group member can create a free-form wager in plain language (for a given game). Craetor & Others in that group stake points on Yes or No. When the deadline passes, the creator resolves the wager as Yes, No, or Void. Payouts follow an open-pool model: the losing pool is split proportionally among winners, who also get their stake back.
Lifecycle
1) Create
Write a clear description and set a close time (betting deadline, usually Game start time ). Status: open.
2) Bet
Members pick Yes or No and stake points. Stakes are escrowed immediately and shown in the ledger.
3) Close
After the deadline, betting closes automatically (or by action) OR Creator can close anytime. Status: closed.
4) Resolve
The creator resolves as Yes, No, or Void. Status: resolved or void.
Payouts (Open-Pool)
Let W be the total stake on the winning side and L be the total on the losing side. A winner with stake s receives:
- If
W = 0orL = 0, all stakes are refunded. - Points are integers; tiny rounding remainders are assigned to the largest stakes first.
Examples ( Currently, Points between 5 and 15 are accepted )
A - One Yes (50) vs Two No (75 + 75)
Pools: Yes=50, No=150.
If outcome = Yes: winner payout = 50 + (50/50)×150 = 200. Each No bettor loses 75.
If outcome = No: each No(75) gets 75 + (75/150)×50 = 100. The Yes bettor loses 50.
B - Unbalanced Popular Yes
Bets: Yes 20, 30, 50 (W=100). No 60 (L=60).
| Winner | Stake | Share of L | Total Payout |
|---|---|---|---|
| Yes A | 20 | (20/100)×60 = 12 | 32 |
| Yes B | 30 | (30/100)×60 = 18 | 48 |
| Yes C | 50 | (50/100)×60 = 30 | 80 |
C - Only One Side Bets
If either pool is zero, all stakes are refunded (no opposing pool).
D - Void
Creator selects Void (ambiguous/invalid). All bettors are refunded in full.
Roles & Permissions
- Any member can create wagers and place bets.
- Creator-only can resolve a wager (server-enforced).
- Closing after the deadline can be triggered by anyone unless your group restricts it.
FAQ
Can I change my bet?
No. To keep things simple, each user can place one bet per wager.
What about ties?
No ties: creator chooses Yes or No. If it can’t be judged, use Void.
When do payouts happen?
Immediately upon resolution. Ledgers update in real time.
Quick Reference
- Formula:
payout = s + (s/W) x L - Refund cases:
W = 0,L = 0, or Void - One bet per user per wager
- Deadline blocks new bets