UBet Sports

Tune in for this week's episode of The Aggregated hosted by QuickSwap. Join us, our CEO and co-founder Marco Staglianò, and an impressive line of speakers for another exciting discussion: Polygon Labs 1inch Labs Immutable CCN Trakx Cryptopolitan Roc Zacharias Shibtoshi SG Karnika E. Yashwant - Mr. KEY Switch Reward Card Alexandra Damsker Steer Protocol James S. UBet Sports Michael Ionita Toghrul Aliyev

In recent years, DeFi has started merging with industries traditionally thought of as centralized, and sports prediction markets are no exception. Enter UBET, a decentralized sports prediction platform revolutionizing the way users think about sports predictions by leveraging Automated Market Makers (AMMs) and blockchain technology. Through UBET's Automated Market Maker (UAMM), the platform ensures fairer odds, secure liquidity, and a robust, trustless prediction environment. The UAMM Edge: Decentralization Meets Sports Prediction Markets At the heart of UBET’s innovation is its UAMM, an algorithmic pricing mechanism that differentiates it from conventional AMMs in DeFi. While traditional AMMs such as Uniswap base pricing solely on in-protocol liquidity pools, UAMM takes a step further by integrating external market data, ensuring fairer odds and reducing liquidity provider exposure to risks like impermanent loss. Traditional sports predictions platforms, often centralized, suffer from challenges including lack of transparency, limited liquidity, and arbitrary user bans. UBET’s decentralized nature bypasses these issues by ensuring that users' funds are not held by the platform (non-custodial) and that all transactions, odds, and market data are transparent, immutable, and decentralized. Why Sports Prediction Markets Need UAMM Sports prediction markets, by nature, thrive on accurate odds and deep liquidity. UAMM redefines how odds are set in sports markets by dynamically adjusting odds based on real-time data, eliminating many of the inefficiencies found in traditional, centralized sportsbooks. For users, this means more accurate odds and a transparent prediction market environment. For liquidity providers, this means stable pools and reduced risk. UBET also offers a peer-to-pool model instead of peer-to-peer, meaning predictions are placed against a pool of liquidity rather than against individual users. This model improves liquidity, ensures predictions are processed more efficiently, and reduces the risk of volatility affecting individual outcomes.

USDT just added!!!! Try betting using USDT The betting tournament should account for both USDC and USDT.

Polygon is becoming a hub for prediction markets. Dive into UBet Sports, where decentralization meets sports prediction: https://lnkd.in/dFMZRS2E

New website just dropped: ubetsports.io - Good vibe ??

? Sports and new technology, Nike & New Balance last ads, US Open best seller, 17 job offers, etc. ?? Subscription link and today's newsletter in the comment section TOP STORY Baraa Khamis in Forbes QUICK TAKES - Paris 2024 - Comité d'organisation des Jeux Olympiques et Paralympiques de 2024 x TikTok - Buffalo Bills - Tampa Bay Rays - National Hockey League (NHL) - FC Barcelona - University of Connecticut - US Open - NASCAR - UK Sport x British Cycling - IHG Hotels & Resorts - Bumble Inc. - dentsu x Sports Innovation Lab - Meagan Walker LONG FORMAT Stephanie Dittmer Rogers x Vegas Golden Knights with Sean Callanan at Sports Geek ADS - Nike - New Balance FIGURES US Open JOBS 17 jobs offers, including Skillz, NFL Players Association, The Football Association, City of Gold Coast, MKTG Sports + Entertainment Australia, UBet Sports, etc.

Join us for our next Space on Monday. “Web 3.0 Sports N'ALL" Topic - Gamifying The Transfer Window ?? Charlie Rowing and Myself joined by guests: ?? Footballer, Osman Sow ?? Football and Crypto Coach, Alan Sellers ?? UBet Sports Founder, Daniel Jiwoong I. PLUS a major token giveaway by Sport Value Tokens ?? Monday 26 August, 15:00 BST ?? Set your reminder NOW ?? bit.ly/4cACAcN Finally something to look forward to on a Monday!

**Reading Odds at UBET Sports — this ain’t fixed odds** Every sports bettor is used to fixed odds. Changing what bettors are already familiar with is hard but let’s aim to do better! In this post, we would like to introduce how to read UBET odds. **How do fixed odds work?** +138 American odds (2.38 European odds) means that for a $100 USDC wager, your max payout is $138 USDC on top of the $100 USDC original wager, which you end up with $238 USDC. The odds are the same whether your wager size is $100, $1,000, or $10,000 USDC, the max payouts will be $138, $1380, and $13,800 USDC respectively. This is simple and easy to understand. So why are we not happy about fixed odds? The sportsbook tends to be more strict on wager sizes due to the intrinsic nature of fixed odds. The sharp bettors like to take big bets. However, the larger the wager size, the more risks the house takes. That’s why bet limits exist in all sportsbooks and surprisingly bet limits differ by bettors. Moreover, having fixed odds usually increases the vig for everybody, because they have to cover everyone’s bets even if someone does large bets. Instead of the house controlling people’s bet sizes in a centralized manner, we have an algorithm that dynamically gives the best odds given a user’s wager size. In the financial trading world, the price (the odds) depends on your trade (wager) sizes. For example, the more stocks you want to buy, the average price per share will decrease as you eat up the liquidity. The difference between spontaneous and average purchase prices is called slippage. This is how UBET odds work. On the main page, we show the spontaneous odds which are the odds at zero wager size. In the bet slip, the average odds change with respect to your wager size. For example, we see that the spontaneous odds for New York Yankees is 1.700. In the bet slip, we see average odds of 1.657 when we add a $100 wager. Let’s observe what happens to the odds as keep increasing the wager size (see the attached image). We can see that the odds have changed from $5-$100. The odds moved from 1.657 to 1.648 when we increased from $100 to $1,000 and the odds moved from 1.648 to 1.576 when we increased from $1,000 to $10,000. This is the case for the New York Yankees vs Baltimore Orioles 5/24/2023, 7:05:00 PM EST game. The odds and vig may be different depending on how much liquidity is available for the market. UBET’s odds system is beneficial for average retail sports bettors and any bettor who would like to bet high as well. It is very painful to get banned from different sportsbooks and find a new one to re-register. If you are a sharp bettor, you must have faced changing sportsbooks over and over again. Maybe this can also be beneficial if you manage your EVs right with our odds mechanisms! We hope that this gives you a good sense of how our odds system works. Please share your comments, questions, or suggestions on our discord or telegram. We love getting your feedback!

A minor update. We added the following leagues to the platform: * Russian Premier League * Valorant. Challengers Ascension EMEA * Mobile Legends. ESL Snapdragon Pro Series

We are featured in Hackernoon! "Smart contract auditing is essential for platform like UBET Sports operating in the decentralized finance (DeFi) space. These audits identify and mitigate security vulnerabilities that could be exploited by malicious actors, safeguarding user assets and maintaining the platform's integrity. Regular audits also build trust and confidence among users, reassuring them that the platform has been rigorously tested and verified by independent experts. Recently, UBET Sports underwent three comprehensive smart contract audits, demonstrating its commitment to security and reliability. The first audit coincided with the launch of UBET Sports' decentralized exchange (DEX) for sports betting, establishing a secure foundation. Subsequent audits focused on enhancing the Automated Market Maker (AMM) to improve slippage, optimizing gas fees, improving push settlements, and structuring revenue-sharing mechanisms for liquidity provision, ” he added. Is a routine smart contract audit worth it? “Building an on-chain product presents challenges, such as the need for audits before each release, preventing continuous integration and deployment. Despite these challenges and the high costs associated with multiple audits, we prioritized security to protect its users. With two more smart contract updates planned this year, we continue to make steady progress in the SportiFi space, merging sports and DeFi” Daniel further said.https://https://lnkd.in/ep4ebgFH