Sports fans around the world always want to get one step closer to the action and hence turn to sports betting as a method to get in on the action. With developments in Web-3 and blockchain technology, fans of sports are provided with an exciting platform like BetDEX which has made the betting world into a completely new venture. Founded by Varun Sudhakar, Nigel Eccles, and Stuart Tonner, three former Fan Duel employees, have taken early steps in revolutionising a seemingly rigid and confined sports betting industry.
BetDEX with its Web-3 and blockchain capabilities hopes to bring a seismic change for its users to participate in a decentralised form of betting built on Solana. A platform created to improve drawbacks and create a user-friendly space. So through this article, let’s go through the process of logging in, registering, depositing funds, placing bets, and finally withdrawing your winnings on BetDex. Whether you are a seasoned user or a beginner, this comprehensive guide will ensure you have a seamless experience on the platform.
Registration
If you're new to BetDex, registering an account is quick and straightforward. First, you need to click on the BetDex homepage. Then Locate the "Sign Up" button and click on it. Here you are required to fill in the required information, including your email address, desired username, and secure password. After entering the details, go through and agree to the terms and conditions by checking the box and complete the registration process by clicking on the "Sign Up" button.
Once registered, you'll receive a confirmation email. Simply click on the link provided to activate your account.
Login
After registering on the website, you can access your BetDex account by clicking on the "Login" button located at the top-right corner of the BetDex homepage. A new window will pop up where you would have to enter your registered email address and a six-digit code, sent to your email-id. Then click on the "Login" button to access your account.
Depositing Funds
Adding funds to your BetDEX account is unlike any betting website as you are required to link your favourite crypto-wallets to your account. One can seamlessly complete this process with the handy link provided on the website. To add funds to your wallet, you would need to purchase $USDT and $SOL through a reputable crypto exchange. After completing the payment using your credit or debit card on the exchange, the funds will be transferred to your linked account.
Placing Bets
Now that your account is funded, you're ready to start placing bets on BetDex in the backing and laying format. Backing is when you bet on your favourite team to win the game. On the other hand, Laying involves betting against something happening i.e. betting that your favorite team won’t win the game. At BetDEX, you can do both, while choosing the odds at which you want to place your bet.
After understanding the back and lay wagers, head to the home page and browse through the sports markets that catch your eye. After selecting your sport, place a back bet by simply clicking on the blue box in the Back section. Enter the amount and complete a traditional back bet. If you want to place a lay bet, click on the red box in the Lay section. Enter the amount and you are set.
Withdrawing Winnings
When you place a back order on the exchange, the system looks to match it with a corresponding lay order at the same odds and vice-versa. When the system finds matching back and lay bets, then based on the result, you will have your complete and seamless transaction. If you don’t find your corresponding back or lay match, you won’t be permitted to move forward with the bet and you’ll receive a refund for your order. But, BetDEX also allows partial return on your placed bets.
Conclusion
Congratulations! You are ready to log in, register, deposit funds, place bets, and withdraw your winnings on BetDex. Remember to wager responsibly and enjoy the thrilling experience that BetDex offers. If you encounter any difficulties or have further questions, don't hesitate to contact BetDex's customer support for assistance.
Play exciting games only on BetDex
