Betting Against Others
Bitsika users can browse the app to find events that interest them and place bets on the options they support. You can bet against other Bitsika users on major sports games, pop culture events and current affairs. After every betting event, the losing side(s)’ money is shared amongst bettors on the winning side, proportionally to their initial bet.
How it Works in Practice
Take the event above for example. It’s a game between Chelsea FC and FC Barcelona. Let’s assume Chelsea won. After the event is finalised, the $7,000 that was bet by Barcelona supporters and the $2,000 bet by users seeking a draw is rewarded to the Chelsea bettors. Each Chelsea bettor will receive a share of the $9,000 reward ($7,000 + $2,000) proportional to how much they bet on Chelsea during the betting period. They will also get back their initial betting amounts too. Barcelona and match draw bettors walk away with nothing.
This is Better Than Odds-Based Betting
Winner-takes-all betting on Bitsika offers a simpler, more transparent, and community-driven experience compared to odds-based betting on other apps. Instead of being dictated by complex odds set by bookmakers, users on Bitsika compete directly against each other, with the entire pool of winnings going to those who predict the correct outcome. This eliminates hidden margins or unfair odds, ensuring fair payouts. Additionally, the straightforward structure allows users to focus on the fun and excitement of predicting outcomes rather than analysing confusing odds. By leveraging the community-driven nature of Bitsika, users enjoy a more engaging and rewarding experience.
Global Participation
Bettors on Bitsika come from all over the world. This makes the platform a great venue to network and form friendships with speculators from around the globe who share a love for great sports and world events. Placing bets is done with USDT stablecoins on the Bitsika app. Download the app now to start betting.