UBET Sports

Announcing the June Betting Tournament! 🏆

After the success of our last Bet Race Sprint, we know you’re excited for more. So, we’re thrilled to announce the half-month June betting tournament! Since UBET Sports launched in September, we’ve welcomed 2,391 users and logged 36,154 bets. To show our gratitude for your amazing support, we’re hosting exclusive tournaments with $1,000 in prizes!

Tournament Categories:

1. Soccer & Cricket
2. Esports & Tennis & Baseball

Prizes for Each Category:

• 1st Place: $200
• 2nd Place: $100
• 3rd Place: $50
• 4th Place: $30
• 5th Place: $20 Note: To qualify, you must place a minimum of 35 bets in each category.

Overall ROI Prizes for All Sports & Esports:

• 1st Place: $100
• 2nd Place: $50
• 3rd Place: $25
• 4th Place: $15
• 5th Place: $10 Note: To qualify, you must place a minimum of 35 bets.

Duration: Until the end of June (UTC)

Good luck, UBettors! Let’s make this tournament exciting and competitive. 🌟

What is a decentralized sports prediction market?

A sports prediction market is a market where people can trade contracts that pay based on the outcomes of future sports events. This may sound very much like sports betting. However, the difference between a sports prediction market and sports betting comes from the style of operations.

In traditional sports betting, the fixed odds are set by the bookmakers. Because the house takes the opposite side of the bets, the bookmakers control the market odds in order to minimize their risk of losing money. In contrast, the sports prediction market is a free market, in a sense that the odds are determined by algorithms and the protocol based on the market demands.

Here is where decentralization comes in. There is no entity that controls the betting odds, betting size, or even bans you when you are sharp. Once the prediction market event is set with a smart contract, it runs on its own by some predefined protocol.

This is what UBet is all about. Ubet is a decentralized sports prediction market where bettors can freely bet without any restrictions and liquidity providers can earn passive yield.

How does UBet work?

UBet’s autonomous protocol provides betting odds, and enables a permissionless and highly liquid market. There are two types of users in UBet, bettors and liquidity providers (LPs).

Bettors can simply trade their bets, where you can continuously buy and sell your bets at market odds. The transaction fee, which is also known as vig in traditional sports betting, is fixed at 2.5% before the game starts. Indeed, UBet encourages arbitrageurs to seek profit between the UBet exchange and any other betting platform to arrive at the best market price.

Liquidity providers (LPs) are the ones who fund a liquidity pool and facilitate trading. LPs deposit their capital in USDC to earn passive yields from transaction fees that bettors paid.

Overall, this creates a nice ecosystem between bettors and LPs, and benefits both!

We are super excited to share the decentralized sports prediction market and UBet with you. Of course, your feedback is always appreciated as we improve upon them. We will share more interesting content with sports betting, prediction markets, decentralized finance (DeFi), and most importantly UBet’s progress.

Website: http://ubetsports.io/ Twitter: https://twitter.com/UBet__Sports Telegram: https://t.me/Ubetsports

At UBET SPORTS, we are excited to launch our Ambassador Program to help grow our crypto-native sports and esports community and promote our betting platform. This program is a key part of our mission to democratize traditional sportsbooks.

💙 Who Can Join the UBET SPORTS Ambassador Program? Anyone passionate about UBET SPORTS can join our Ambassador Program. Whether you’re a content creator, social media enthusiast, or interested in localization and governance, we have a place for you. We value diversity and believe that the collective efforts of individuals from various backgrounds will drive UBET’s success.

💙 Why Become a UBET Ambassador? As a UBET Ambassador, you’ll have the unique opportunity to shape the future of sports betting democratization. By actively contributing to our community, you will:

1. Gain exclusive access to cutting-edge sportsbook technologies and resources.
2. Collaborate with like-minded individuals worldwide.
3. Develop new skills and expand your knowledge in sports and blockchain.
4. Be recognized as a leader in the UBET ecosystem and beyond.
5. Receive rewards and incentives for your valuable contributions.

💙 Why Become a UBET Ambassador? As a UBET Ambassador, you’ll have the unique opportunity to shape the future of sports betting democratization. By actively contributing to our #community, you will:

1. Gain exclusive access to cutting-edge #sportsbook technologies and resources.
2. Collaborate with like-minded individuals worldwide.
3. Develop new skills and expand your knowledge in sports and blockchain.
4. Be recognized as a leader in the UBET ecosystem and beyond.
5. Receive rewards and incentives for your valuable contributions.

💙 Ambassador Program Focus Areas Our Ambassador Program focuses on five key areas:

☑️Social Media Marketing: Promote UBET SPORTS on social media platforms, engage with the #community, and increase brand awareness. ☑️Content Creation: Create compelling #content like articles, graphics, videos, and tutorials to educate and inspire others about UBET SPORTS. ☑️Localization: Help us reach a global audience by creating or translating UBET content and resources into different languages. ☑️ Governance: Participate in decision-making processes that shape the future of UBET SPORTS and its ecosystem.

💙Ambassador Program Focus Areas Our Ambassador Program focuses on five key areas:

• Social Media Marketing: Promote UBET SPORTS on social media platforms, engage with the community, and increase brand awareness.
• Content Creation: Create compelling content like articles, graphics, videos, and tutorials to educate and inspire others about UBET SPORTS.
• Localization: Help us reach a global audience by creating or translating UBET content and resources into different languages.
• Governance: Participate in decision-making processes that shape the future of UBET SPORTS and its ecosystem.

💙 How to Apply? To join, create a ticket on the UBET Sports #Discord and share your backgrounds and experiences. Our team will review your application and provide further instructions.

Together, we can revolutionize decentralized sports betting and make liquidity provision accessible to everyone. Join us as a UBET SPORTS Ambassador and lead the way in SportiFi #democratization.

For more information, visit our website http://ubetsports.io, follow us on X https://x.com/UBET__Sports, and join our Discord community https://discord.gg/ubet.