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Author Topic: Free Betting Competition $2000 in Prizes Sponsor: Betking.io (Discussion Thread)  (Read 109866 times)
Joca97
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July 25, 2018, 11:23:54 AM
 #2601

Will the leaderboard be live a good as the one directbet had?


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FrueGreads
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July 25, 2018, 02:26:11 PM
 #2602

Will the leaderboard be live a good as the one directbet had?

Yes, we will have a live leaderboard as well. BetKing.io devs are working on it, so it can count number of valid bets, current bankroll, use the bankroll limits (1% to 5%), calculate daily ROI%, etc.

On top of that, we should probably add average odds a well, so it can provide more valuable information for anyone that wants to follow the bets placed during the competition.

Since this one will be done with points, we will have to update those manually (but we already did that on the side competition, so it shouldn't be a problem). Since users have access to their daily ROI%, they can always double check points distribution, so everything will be transparent as usual.



By the way, we had little feedback on prize distribution, so we are assuming everything looks good, and we should keep the distribution we've announced in this post.
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July 25, 2018, 04:36:25 PM
 #2603

There... we've removed the "tipster" part in the thread's title, which was apparently causing some confusion for a few new potential participants.

I've also went and added the total prize amount - maybe that will get us some more attention around here. Cheesy
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July 25, 2018, 06:57:28 PM
 #2604

Will the leaderboard be live a good as the one directbet had?

Yes, we will have a live leaderboard as well. BetKing.io devs are working on it, so it can count number of valid bets, current bankroll, use the bankroll limits (1% to 5%), calculate daily ROI%, etc.

On top of that, we should probably add average odds a well, so it can provide more valuable information for anyone that wants to follow the bets placed during the competition.

Since this one will be done with points, we will have to update those manually (but we already did that on the side competition, so it shouldn't be a problem). Since users have access to their daily ROI%, they can always double check points distribution, so everything will be transparent as usual.



By the way, we had little feedback on prize distribution, so we are assuming everything looks good, and we should keep the distribution we've announced in this post.

ok good,so now no more roi ? only points per day?

also please share your referral link would register over it so i can help you out Smiley

There... we've removed the "tipster" part in the thread's title, which was apparently causing some confusion for a few new potential participants.

I've also went and added the total prize amount - maybe that will get us some more attention around here. Cheesy


We all know who is the best tipster on the forum Wink so im taking that title Cheesy


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July 25, 2018, 07:08:21 PM
 #2605

May I suggest to lock this one and start a new thread instead? this one just seems to be cluttering up so much. Some new people in the forum might not know or even be aware about this
Joca97
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July 25, 2018, 07:12:07 PM
 #2606

May I suggest to lock this one and start a new thread instead? this one just seems to be cluttering up so much. Some new people in the forum might not know or even be aware about this

I dont think they should do that ,people like to see bigger threads with more views,that means that it is good to talk about it or get into it


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July 25, 2018, 08:24:10 PM
 #2607

May I suggest to lock this one and start a new thread instead? this one just seems to be cluttering up so much. Some new people in the forum might not know or even be aware about this

I dont think they should do that ,people like to see bigger threads with more views,that means that it is good to talk about it or get into it

no not really , actually I would love to see new fresh thread cause personally I never check threads that have a lot of comments since most of the times they are pure spam
I knew about the competition from betking telegram , without that telegram notification most likely I wouldn't  open this thread

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July 26, 2018, 11:55:08 AM
 #2608


ok good,so now no more roi ? only points per day?

also please share your referral link would register over it so i can help you out Smiley


Yes, we think the new point system will help the competition and reduce the luck factor even further.
I will make an update describing the new system later today, so everyone can get familiar with it.

As for the ref link, thanks, I will do that when we open registration. It wont be mandatory to register under our link, but we will of course appreciate that.



Regarding the creation of a new thread, we actually understand both points of view.
We are more inclined in creating a new thread for a completely different reason though. We miss a few more posts in the first page, so that we can arrange all the information.

The goal will be to create a sort of index in the OP, and then link specific topics (Rules, Prizes, Point System, etc) to all different posts. This will better organize all the information, and should result in a more clear understanding about the competition for both older and new participants.
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July 26, 2018, 07:04:44 PM
 #2609

Important Update

How does the new Point System Works

Hello everyone, like I said before, this new competition will be based on a point system instead of Global ROI%.

By doing this we intend to reduce the luck factor for this competition, and reward consistency. These are key elements for a good tipster.

This is how it will work:

- When registration closes, and we know the total number of participants, we will divide that number by 2, and award daily points based on that number. For example, if we close registration with 24 participants we will award 12 daily points.

- Each day we will order participants by their Daily ROI%, and award those 12 points from the highest Daily ROI%, to the 12th lowest Daily ROI%. All the others will not receive any points.

For example:
*Player A ranks first on that day with 20% Daily ROI and gets 12 points;
*Player B ranks second with 19% Daily ROI and gets 11 points;
*We will keep doing this, until we get player 12th that gets 1 point;

- We will also award some bonus points, still based on their Daily ROI%. That bonus will be equal to the Daily ROI% divided by 2, and can never exceed the max points that player would get with the normal system.

For example (Still awarding 12 points to the first 12 players, after sorting them by Daily ROI%):
*Player A ranks first with 30% Daily ROI. 30/2 = 15, but since the max allowed points from the normal system is 12, he only gets 12 bonus points instead of 15. So he would get a total 12 + 12 bonus = 24 points.

*Player B ranks second with 5% Daily ROI. 5/2 = 2.5. Since he is allowed to get 11 points for ranking second, he can receive the total 2.5 bonus points. So he would get a total 11 + 2.5 bonus = 13.5 points.

Why is this bonus important?
*With this bonus we want to encourage users to still aim for high ROI%, instead of betting safe at low odds. If a player is consistent and keeps getting good Daily ROI% he will get rewarded, and those points will make a huge different in the end.

*At the same time we will be further reducing the luck factor we had in the previous editions. For instance, if a player gets 200% Daily ROI, because we won a high odds parlay/bet, he will still just get 12 + 12 bonus = 24 points. If he doesn't keep showing good results on the remaining days, he will eventually fall behind. On the previous editions, that player would be able to sit back and relax, and just bet at low odds, putting all the pressure to the other competitors. With this system, he can't do that.

Finally let's not forget that a player needs to make at least 3 bets per day in order to receive points on that given day.
This will prevent users that didn't made any bets, to get points against users that had negative ROI%. We need to force this rule, to prevent users from relaxing because their opponents had a bad day.


Let us know what you think of this point system, and feel free to make any questions if you didn't understood anything.
It's very important that everyone understands this new point system, so that everything goes well when we go live.

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July 27, 2018, 12:12:27 PM
 #2610

Just found this thread. It sounds great. I for one would very much appreciate new thread for the competition. I have no intention of reading trough thread this big and I would always have a feeling on missing some important information.

That being said I believe I managed to track all important parts and will probably join the competition. 

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July 27, 2018, 01:39:54 PM
 #2611

Would we be able to make and bet with 3 accounts like before,that would be awesome,bigger chance for even more prizes to be achived


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July 27, 2018, 02:20:09 PM
 #2612

Just found this thread. It sounds great. I for one would very much appreciate new thread for the competition. I have no intention of reading trough thread this big and I would always have a feeling on missing some important information.

That being said I believe I managed to track all important parts and will probably join the competition.  

Hi Trofo, thanks for your interest in our competition.
You don't need to read through the entire thread because we will create a new one, and arrange all the information.
Everything will be available in our Registration Thread, and in the New Discussion Thread.
Links for those will be provided in this thread (both at the last post and in the opening post), and this thread will then be locked.

In the meanwhile, please keep following us in this thread, because right now this is the resource we will be using until everything is ready to start. Once we lock it and provide the new links, you can start using the new ones.

Would we be able to make and bet with 3 accounts like before,that would be awesome,bigger chance for even more prizes to be achived

Yes, that is the plan right now. Users should be able to register up to three entries, like they were in the past.
Accounts will of course be treated independently like they were before (meaning you still need to make the minimum number of valid bets, in order to qualify that account for prizes), but you will of course be able to collect multiple prizes, as long as you qualify them for prizes (both with points, and minimum valid bets).
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July 28, 2018, 01:52:21 AM
 #2613

BetKing.io has a caps locked:

"BETTING NOT AVAILABLE IN YOUR COUNTRY."  (USA)

Message displayed @ the top of its website.

Can I still sign up / participate?

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July 28, 2018, 09:23:36 AM
Last edit: July 28, 2018, 10:04:05 AM by FrueGreads
 #2614

BetKing.io has a caps locked:

"BETTING NOT AVAILABLE IN YOUR COUNTRY."  (USA)

Message displayed @ the top of its website.

Can I still sign up / participate?

Hello Hydrogen, thanks for your interest in our competition.

I will get in touch with BetKing.io, and either me or a BetKing.io representative, will give you an answer as soon as possible.


EDIT: I've already talked to BetKing.io, and unfortunately they don't allow UK or US ip addresses to generate a deposit address or bet. So if you can't do those things, I'm afraid you wont be able to participate.
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July 28, 2018, 12:11:56 PM
 #2615

I really like the way point system ihas been designed : what are bankroll requirements and an approx eta for this competition?

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July 28, 2018, 07:56:59 PM
 #2616

I really like the way point system ihas been designed : what are bankroll requirements and an approx eta for this competition?

Hello hopenotlate, it's good to hear that. We really wanted to improve what we had from the previous editions. Hopefully this will do the trick. We will of course monitor things during the first week and make adjustments if necessary.

As for the bankroll requirements, they are quite small.
Every user will start with a $50 bankroll. In fact you don't even need to deposit those $50. As long as you are able to make bets between 1% to 5% of your current bankroll you are ready to go. So bets are as little as 50cent to $2.5 for a $50 bankroll, and then it will vary depending on your profits or losses during the competition. This means our competition is very accessible, specially if you look at our prizes!

We will open registration on 1st August, and then we can start as soon as we get the minimum number of players, that should be 24.
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July 29, 2018, 01:05:59 PM
 #2617

Important Update

Hello everyone. We are approaching August 1st, and that means registration will open soon.
I would like to call your attention to a few important topics that I would like you to get familiar with, so that everything goes well when the competition starts.

Everything can be found in our Registration thread, that will remain locked until the competition starts, but I will slowly post them here, so you can read one thing at a time, and place any doubts you might have.

The first Topic will be: Restrictions and Rollover Requirements

More info on our prize distribution here
More info on our "Sig/Avatar/PM incentives" here

Restrictions
- We need at least X number of players to complete 100 valid bets for the competition per month, in order for Full Prizes to be paid.
- X will be announced once registration closes, as it will depend on the number of participants that register for the competition.
- If that number is not reached, Betking.io reserves the right to Cut the prizes in Half.

- Each player needs to place 100 valid bets per month in order to qualify for prizes.

Rollover Requirements
- The rollover requirements described bellow can be lowered/changed, if participants use our "Sig/Avatar/Personal Message Incentives".

Daily Challenge Prizes Rollover requirements
- Please read "Sig/Avatar/Personal Message Incentives" to learn how to lower/change these requirements
- Daily Prizes will be paid in the form of Free Bets (see definition bellow)
- Free bets needs to be placed @1.5 or over

Weekly Prizes Rollover requirements
- Please read "Sig/Avatar/Personal Message Incentives" to learn how to lower/change these requirements
- Weekly Prizes will be paid in the form of Bonus Betting Balance (see definition bellow)
- A player will need to bet 3 times the prize value before he can withdraw funds from his account
- Only bets placed @1.5 or above will count for this rollover requirement

Monthly Prizes Rollover requirements
- Please read "Sig/Avatar/Personal Message Incentives" to learn how to lower/change these requirements
- Monthly Prizes will be paid in the form of Bonus Betting Balance (see definition bellow)
- A player will need to bet 1 time the prize value before he can withdraw funds from his account
- Only bets placed @1.5 or above will count for this rollover requirement

Prizes Definitions
Free Bets (definition)
- The player will get a credit on his account.
- He will be able make one bet with the entire credit at once but he will only get his winnings, and the betting stake will not be refunded.
Example: A user gets a $10 Free Bet. He bets $10 @1.5 and wins. He will get a payout of $5 from that Free Bet, instead of $15 (the $10 betting stake was not refunded in his winnings).

Bonus Betting Balance (definition)
- The player will get a credit on his account.
- He can manage this credit anyway the wants in order to place normal bets.
- He will get the stake refund on every bet, so these prizes will be treated as a normal betting balance.
- The player will only be allowed to withdraw from his account once he clears the prize rollover though.
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July 29, 2018, 01:08:23 PM
 #2618

Do all of the prizes need wager requirments?


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July 29, 2018, 01:19:58 PM
 #2619

Do all of the prizes need wager requirments?

Not all, and it all depends if you use our Sig/Avatar/PM incentives.

Worst case scenario:
Free bets (no stake refund), that are your $10 Daily prize wins, will require you to place that free bet @1.5.
Please remember that on that type of Free Bet, the stake is not refund, so you would only get your winnings here.

"Bonus Betting balance" (bonus credit that you can use to bet, and you will always get your stake refund here, so it's just like normal bets), that are the rest of our prizes (Weekly and Monthly prizes), will require:
- A 3 times wager of the prize value on the Weekly prizes @1.5 (e.g. prize of $15, you need to bet $45 @1.5 before withdrawing your funds)
- A 1 time wager of the prize value on the Monthly prize @1.5 (e.g $150 prize, you need to bet that value @1.5 before withdrawing)

Best case scenario:
- Daily Challenges are also paid as "Bonus Betting balance" (so stake refund)
- Weekly prizes only have a wager of 2 times instead of 3
- bets need to be made @1.3
- Monthly prizes have no restrictions at all

Also, a clarification on "Bonus Betting balance". You will be credited with that prize, and you will be able to bet with that prize, and not "your own money". So rollover requirements are quite small, and easy to do.

EDIT: An example on using a $15 Bonus Betting balance prize:
- Your account it credit with $15
- You bet those $15 @1.5 and you win, and you now have $22.5 available to bet.
- You bet $10 @1.5 and you win, and you now have $27.5 available to bet (and already wagered $25)
- You bet more $20 if you want @1.5, and everything that is left in your account is free to withdraw

So you can always keep betting with your prize, and that was an example on a worst case scenario, with full restrictions.
Trofo
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July 29, 2018, 03:19:58 PM
 #2620

Ok. I am interested in this competition. Just want to make few things clear.

1. I don't have Betking.io account so I can make it immediately and then join the challenge after 1.08.2018.?

2. I need to deposit 50$ in BTC in order to be part of this competition? If I deposit more it doesn't help me with the competition? Or do you supply the money for the bets?

Maybe I am asking stupid questions but there are a lot of rules and I skimmed over them. Will give them a more detailed reading in the next few days.

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