Placing a bet

What are the fees for placing a bet?
We do not charge any fees. You will just need to cover the ethereum gas price. You need ethereum in your wallet to cover gas before making a bet however we a...
Thu, 13 Sep, 2018 at 2:18 PM
Can I retract my bet?
You can cancel your bet at any point until the Layer has confirmed it. Go to "Bet History" to cancel. When the bet is confirmed by the Layer (this...
Wed, 12 Sep, 2018 at 5:02 PM
How long does it take the layer to confirm my bet?
The lay system automatically confirms bets if the parameters are correct. In those cases confirmation is fast - from couple of seconds to 1 minute. It can a...
Wed, 12 Sep, 2018 at 5:03 PM
I won my bet! Where do I see my winnings>?
Go to your BETRWallet account - your winnings will appear in your history. It may take about 10 mins or so (depending on the network at that time) after the...
Wed, 12 Sep, 2018 at 5:06 PM
Why has the layer rejected my bet?
In most cases bets get rejected by Layer if they don't match the parameters: liability limit is reached or price/odds have moved in the time bet was pl...
Thu, 13 Sep, 2018 at 2:39 PM
What does “…not yet Confirmed by Layer” mean when you place a bet?
This means that the parameters of your bet are being checked and confirmed against the parameters of the layer (individual or sportsbook) done on the Ethereu...
Wed, 12 Sep, 2018 at 5:13 PM
What determines the maximum bet amount?
The layer sets the maximum liability what they are willing to risk. No bet can confirm unless the layer has sufficient funds to back the bet.
Wed, 12 Sep, 2018 at 5:14 PM
In the app it says max bet? So there must be some kind of limit?
Max bet is determined by the liability that the Layer stipulates - no bet can confirm unless the layer has sufficient funds to back the bet
Thu, 13 Sep, 2018 at 2:27 PM