🎲Game Logic and Rules

What is going on behind the UI

Several modes will be available in Prophet. Let's tell you more about each of them!

Versus mode

Versus mode is characterized by betting on the outcome against other similar participants in the round. Distinctive features of this mode are parimutuel type of betting and non-fixed odds. Let's understand it in more detail.

What is Parimutuel Betting?

Parimutuel betting is a system in which the bets of all participants are combined into a pool and distributed after the event to those who bet on the correct outcome. Such a system is popular for betting on horse races. However, parimutuel betting is unusual in the way the odds are calculated.

How are the odds calculated?

Unlike regular bookmaker bets, where the odds are fixed at the time the bet is placed, parimutuel bets have so-called non-fixed odds. Moreover, these odds are also dynamic, as each new bet changes the total pool.

In the Versus mode, participants in each round predict the change in the price of an asset in 5 minutes, i.e. choose one of two outcomes: UP or DOWN.

The current odds for each outcome are calculated as follows:

UP odds = total amount of bets for the round ÷ total amount of bets on the UP outcome

DOWN odds = total amount of bets for the round ÷ amount of bets on the DOWN outcome

The payout for the winner is calculated as follows

Payout = Outcome Odds × Bet Amount × (1 - Protocol Fee)

The basic protocol fee in Versus mode is 5%.

Important points

• Minimum bet is 0.1 TON. Participants can place an unlimited number of bets within a round, but only on one of the outcomes

• If the price of the asset remained the same during the round, all funds from pool go to the treasury

• At the moment bets are only available for two assets to USD: TON and BTC — further the asset pool will be extended

Solo mode

soon