*** I will reject the bet if I m unable to cover the winning amount.
You will reject the bet if you are unable to cover the winning amount.
What will now happen with the deposited amount from participants?
Will it be refunded?
And if yes, who will cover the fee for both transactions?
So you are really depending on what will be staked in order for you to give out the betting price to a winner. I guess you should have gathered your own funds and risked it if you had a lot of people to participate. If there are fewer people participating, you count it as your own loss.
I actually don't know the real objective of your game because you are old enough here in this forum to know that trust is needed for this kind of gambling to happen. Even though you have had less activity, I believe you have been watching around in the background.