What Can I Win From Seer?
Successful wagers made in Seer mean you can either earn Points in Free Play mode, or actual Drops in Live Play. Users can win all or a portion of the funds wagered against them. There are a number of categories for users to wager on such as eSports or politics meaning there are predictions and earning opportunities for all interests.
For each prediction, all wager options have a pool of Drops and Points associated with them. The pool for each option contains the sum of all wagers for that particular option. Users from the winning pool can only win up to the amount contributed by losing wagers.
For example, see the image below. The “True” pool has 26k Drops in it. The “False” pool only has 1k Drops in it. This means if the outcome is True, users who wagered True will split the 1k Drops from the opposing pool three ways according to their multiplier. The single user who wagered False stands to win the entirety of the opposing pool which is 26k Drops.
Risk vs Reward
When placing a wager, the potential earnings are displayed based on their outcome choice. This allows users to make an informed decision to determine how much they want to risk on any individual prediction.
If an individual prediction is heavily one-sided, it may not make sense to follow the herd and bet the same as most others. In the example above, one user wagered 10,000 Drops but they only stand to win 303 Drops while they could potentially lose 10,000 Drops. This carries a very high Risk to Reward ratio at 33:1. This means they are betting 33 times more than they stand to win. The user who bet False in the prediction above has a ratio of 1:26, meaning they stand to win 26 times more than they wagered.
Below you can see an example of how potential earnings are displayed. With a wager size of 60,000 Drops, the user can potentially win 12,000 Drops based on the current opposing pool size. After this wager is made, if others also choose False the winnings will be less according to their contribution. If others choose True and add Drops to the opposing pool size, the potential winnings increase.
Bonus multipliers play an important role in determining the winnings in predictions that use them. These multipliers are intended to reward those who wager early as they may be at a disadvantage without the same information as someone who wagers later. They are not present in every prediction, only when the option is enabled by the prediction creator.
In short, the bonus assigns a weight multiplier to wagers depending on what round they occur in. Users who wager during a 4x bonus will receive 4x more winnings than a user who wagered the same amount in the final round with no multiplier. Users can still only win up to the amount wagered by opposing pools, but the multipliers determine how winnings are distributed.
For more information regarding the smart multipliers see our article here.
How Does Dropil Benefit From Seer?
There is no fee charged for using Seer, however, Dropil does reserve 5% of the winnings from each prediction, also known as 5% of the combined losing pool. Winners are distributed 95% of the winnings from the losing pool. A user that bets 1,000 Drops on a losing outcome loses 1,000 Drops with or without the 5% deduction. Winners get back their original wager amount plus their portion of the winnings. So there is no fee charged to winners or losers.
Dropil also benefits from the awareness Seer brings to the platform. There is a strong social aspect to Seer. We have included the ability to easily share predictions by link or directly on social media with custom images you can create to spread your predictions. Encourage your friends, family, or even your enemies to bet against you in Free Play or Live Play. Each time a prediction is shared results in a new person potentially hearing about Dropil. Users sharing predictions with their referral code included in can also benefit. Every time you share a prediction using your referral code, you will receive $5 in Drops for each user that follows the link, signs up, and makes a wager for at least $5 worth of Drops. For more information on the other benefits of referring someone, see our Refer a Friend article.