The sports betting industry has been on a continuous revolution, and what has always been perceived as a rigid industry, the scenarios here are always changing. One of the most promising platforms, BetDEX, functions in a decentralised manner, on the principles of Solana. This platform involves web3 technology, which has eliminated the ever-existing complexities of the sport betting platforms just like that.
In this guide, we will take you through a step-by-step process of placing bets and earning money on BetDEX.
1. Registration
To get started on BetDEX, the first step that one needs to complete is register themselves on the platform. Unlike other sports betting platforms, the registration process here is pretty easy, quick and straightforward. BetDEX has been designed with a seamless registration process, which is far away from complexities of going through numerous steps and a never-ending hectic method.
To register yourself on the best sports betting platform, i.e, BetDEX, all you have to do is go to the homepage, and click on the ‘Sign Up’ button. Here, one will be required to fill all the asked details; once filled, click on the button, and you are good to go.
2. Log In
Now that you have registered yourself on the platform, you will be required to log in by entering the registered email and a six-digit code. The code will be sent on the mail id entered during the registration process.
3. Placing Bets
To place bets on BetDEX, one will be required to add funds to their wallet. For that, they would need to purchase $USDT and $SOL through a reputable crypto exchange. Once the accounts are funded, one is ready to place bets on BetDEX, through the backing and laying format.
If you are new to the world of betting, it is important that you have a fair understanding of back and lay format. Backing means you are placing the bet on your favourite team to win the game; on the other hand, laying means you are betting against your team.
While other platforms require you to bet on one of the odds, one of the most unique features of BetDEX is you get to place on both. Hence, you can choose your own odds at which you want to bet, and then simply place the bet.
To proceed, head to the homepage of BetDEX, and go through the sports markets that interest you. Once you pick your sport, place your bet in either of the sections, back or lay. If you want to place a back bet, click on the blue box, and if you wish to go for a lay bet, click on the red one. Enter your desired amount, and you are done.
The potential return on your bet is calculated by the below given formula,
S*D = Tp
where:
S stands for Stake
D is the Decimal Odds
Tp is the Total Profit
4. Withdrawal
BetDEX is undoubtedly one of the safest and most reliable betting platforms, and your funds and winning money are totally safe with this platform. When you place a back bet order, the system will match it with a lay order, and vice-versa. With a matching back and lay bet, you will be allowed to move forward with your transaction. However, if it doesn’t happen, you won’t move forward and will receive a refund of your bet. With BetDEX, you can get a partial return on your placed bets.
Registering, placing bets and winning money on BetDEX is a breeze. This platform has ensured that placing bets is as easy as playing a game. However, users should be mindful and play responsibly. BetDEX has adopted the use of web3 technology in the sport betting industry, which enables anyone and everyone with a stable internet connection to bet.
Play exciting games only on BetDex
In case you ever find it difficult to move ahead on the platform, feel free to contact the BetDEX customer service for further assistance.
