Bets are binary in type, bet outcomes are restricted to either true or false. A sample bet could be "LA Lakers will win their next game on August 25th, 2029.", any person accepting this bet can choose one outcome.
The outcome of each bet will be determined by one of our iBet.vegas administrators as specified in our Terms of Service.
Payout winnings are sent immediately after a bet ends & the bet outcome is verified by our administrators. (1-3 Days).
All winnings are subject to a 25% host fee to iBet.vegas.
Payouts are paid to your Cash App Bitcoin Wallet.
Once bets are placed and bettors paired, funds are required to be transferred to iBet.vegas. Placed bets are non-refundable, with the exception of affected bets due to unforeseen circumstances. An example would be "The Laker's game was cancelled due to bad weather", which would be grounds for a refund.