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FAQ
FAQ
How do I win?
Wager MATIC or SVM on if the price of BTC-USDT will go UP or DOWN during the next round
Choose correctly and claim your prize
Prizes can be claimed from the Previous Card or the History page
Where do the prices come from?
BitForecast uses the Binance API feed for real-time price updates
This price source updates instantly and will always match the Binance BTC-USDT charts
https://api.binance.com/api/v3/ticker/price?symbol=BTCUSDT
What is the smart contract address?
Prediction smart contracts
0xC69F95d5E080e0515Acee0CcBfb357e051fB9a54
All wagers and claims can be viewed in the smart contract
Audit. Is your smart contract audited?
Yes. Our smart contract has been carefully audited.
What is a house bet?
BitForecast places a random sized bet on both sides (UP and DOWN) each round
This allows anyone to play 24/7, even if no one else is currently playing
House bets are locked in the contract each round and can be verified on-chain
What happens if a round ends in a tie?
The round is automatically cancelled and eligble for reclaim
House fees are not applied to reclaimed rounds
Check the History page for the 'refund' buttom
What is the house fee?
There is a 6% "BitForecast House" fee on all claimed winnings
The house fee only applies to winning rounds
How are the payout ratios calculated?
The payout ratios automatically update every time a bet is placed
Example: Total pool size = 2.5 POLYGON (1.0 POLYGON DOWN, 1.5 POLYGON UP)
UP payout = 2.5 / 1.5 = 1.66x
DOWN payout = 2.5 / 1.0 = 2.50x
