Ubet Sports

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Participate in exclusive betting challenges and competitions.

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Track your bets and follow live events with our dedicated channels.

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About Server

🏆 Sports Discussions

Engage in lively conversations about your favourit sports, teams, and players.
Stay updated with the latest news, scores, and highlights from around the world.

💸 Betting Insights

Share and receive tips, strategies, and insights from experienced bettors.
Participate in exclusive betting challenges and competitions.

📊 Live Updates

Get real-time updates on matches, odds, and betting lines.
Track your bets and follow live events with our dedicated channels.

🎁 Exclusive Giveaways

Join our regular giveaways and contests for a chance to win exciting prizes.
Participate in our loyalty programs and earn rewards for your engagement.

🤝 Community Support

Connect with like-minded individuals and make new friends.
Seek advice, share your experiences, and grow together as a community.

🎙️ Voice Channels

Hop into our voice channels for live discussions, watch parties, and more.
Enjoy a more interactive and immersive e

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Recent Posts

Skill vs. Luck in Sports Betting

Skill vs. Luck in Sports Betting

If you’re reading this you’ve probably bet on a sporting event at some point in your lifetime. If you’ve ever suffered a “bad beat” in one of those bets, think about some of the reasons why. Whether it’s an injury to the 1st string QB, a blown call by the 3rd base ump, or 2 meaningless free throws to lose by 7 when you had +6.5, you probably called the turn of events that caused you to lose “unlucky”. But was it really bad luck or did you lose because you made a bad bet?

Unfortunately, there are no easy answers to this question and you have to consider many different factors when trying to decide whether a bet is “good”. Some bettors would say that any bet that wins is a good one and while that’s undoubtedly true for your wallet, if you expect to have any long-term success betting you’ll need to dig a little deeper and ask some questions like:

Did you bet because you had some specific information that made you believe the posted odds were wrong or just because you “had a feeling”? How much did you bet relative to your capital? What odds did you bet at your sportsbook? What odds were available elsewhere at the same time? In the short and even medium-term your results are going to be almost entirely dependent on luck (or if you’re mathematically inclined variance) but in the long run, your results are going to be determined by your answers to these questions. As you may notice, your answers are going to be almost entirely dependent on you and your skill as a bettor with luck playing almost no role in your long-term sports betting success.

The first 2 questions address your “Edge”. People in betting talk about edge a lot and often in the abstract, but in the end, it can easily be boiled down to a single number usually expressed as a percentage. If you make a bet that pays out at even money, the odds-implied probability of this bet is 50%, meaning that it should win half the time. If you have reason to believe that this wager will instead win 55% of the time, your edge in this scenario is 5%. Importantly, your edge can only be estimated prior to making the bet since you can never be certain that your estimated edge is really equal to the true edge.

Imagine you are transported to a sportsbook on a different planet where the only sport is Borfball. In this sportsbook, every bet offered on Borfball pays out at even money but since you’ve never heard of Borfball, you have no idea what you’re betting on and therefore no edge. Any bet you make in this book is going to be pure gambling, with zero expectation of gain. Still, your intuition tells you that not all Borfball teams are precisely evenly matched and so there must be some “good” bets that you can make here. So, what are some things you can do to increase your chances of winning in this scenario? Well, one obvious action would be to try and find out something about Borfball, who are the best teams, the best players, etc. Maybe you overheard that FC Zorlax’s star borfer is suspended for this match and so you bet against them. This is an example of an “edge” that you have developed through your “skill” as a Borfball bettor. You’re no longer blindly gambling, but instead making an informed wager and as a result, you now expect to make a few Krotons from your bet.

Back on Earth, edges are obviously quite a bit more difficult to come by, but there are still some simple things you can do to help yourself, even in the absence of specific information. Let’s take the example of a basketball game where the home team is favored by 5.5 points. Is 5.5 points a fair spread? And how would you know? I didn’t even tell you which 2 teams were playing! But if I tell you another sportsbook is accepting $100,000 wagers on the home team -6.5, you can probably feel good about betting them at -5.5 even without knowing which team it actually is. Comparing the odds available to you with the odds on the same even at different sportsbooks (aka “Line Shopping”) is another way that you can find an edge in sports betting. Information about the market can be just as valuable as specific information about a team or player when you are deciding what bet to make.

Developing an edge is obviously key to becoming a skilled sports bettor but even a large edge is not going to be terribly useful if you bet recklessly. Let’s say that through your hard work crunching numbers, insider sources, and line shopping, you find yourself with a 20% edge on this weekend’s big game. Let’s also say you have $10,000 dollars available to you to bet on the game (but no more than that, and also no savings in the bank). Even with a 20% edge, I hope you can see that if you bet the entire $10,000 this is a terrible bet. Even though the expected value of this bet is somewhere around $4,000, if you make enough similar bets you will eventually lose one and be left with nothing.

$1000 Community Betting Tournament

$1000 Community Betting Tournament

Announcing the June Betting Tournament! 🏆

After the success of our last Bet Race Sprint, we know you’re excited for more. So, we’re thrilled to announce the half-month June betting tournament! Since UBET Sports launched in September, we’ve welcomed 2,391 users and logged 36,154 bets. To show our gratitude for your amazing support, we’re hosting exclusive tournaments with $1,000 in prizes!

Tournament Categories:

  1. Soccer & Cricket
  2. Esports & Tennis & Baseball

Prizes for Each Category:

  • 1st Place: $200
  • 2nd Place: $100
  • 3rd Place: $50
  • 4th Place: $30
  • 5th Place: $20 Note: To qualify, you must place a minimum of 35 bets in each category.

Overall ROI Prizes for All Sports & Esports:

  • 1st Place: $100
  • 2nd Place: $50
  • 3rd Place: $25
  • 4th Place: $15
  • 5th Place: $10 Note: To qualify, you must place a minimum of 35 bets.

Duration: Until the end of June (UTC)

Good luck, UBettors! Let’s make this tournament exciting and competitive. 🌟

UBET: Introducing a new sports betting market

UBET: Introducing a new sports betting market

What is a decentralized sports prediction market?

A sports prediction market is a market where people can trade contracts that pay based on the outcomes of future sports events. This may sound very much like sports betting. However, the difference between a sports prediction market and sports betting comes from the style of operations.

In traditional sports betting, the fixed odds are set by the bookmakers. Because the house takes the opposite side of the bets, the bookmakers control the market odds in order to minimize their risk of losing money. In contrast, the sports prediction market is a free market, in a sense that the odds are determined by algorithms and the protocol based on the market demands.

Here is where decentralization comes in. There is no entity that controls the betting odds, betting size, or even bans you when you are sharp. Once the prediction market event is set with a smart contract, it runs on its own by some predefined protocol.

This is what UBet is all about. Ubet is a decentralized sports prediction market where bettors can freely bet without any restrictions and liquidity providers can earn passive yield.

How does UBet work?

UBet’s autonomous protocol provides betting odds, and enables a permissionless and highly liquid market. There are two types of users in UBet, bettors and liquidity providers (LPs).

Bettors can simply trade their bets, where you can continuously buy and sell your bets at market odds. The transaction fee, which is also known as vig in traditional sports betting, is fixed at 2.5% before the game starts. Indeed, UBet encourages arbitrageurs to seek profit between the UBet exchange and any other betting platform to arrive at the best market price.

Liquidity providers (LPs) are the ones who fund a liquidity pool and facilitate trading. LPs deposit their capital in USDC to earn passive yields from transaction fees that bettors paid.

Overall, this creates a nice ecosystem between bettors and LPs, and benefits both!

We are super excited to share the decentralized sports prediction market and UBet with you. Of course, your feedback is always appreciated as we improve upon them. We will share more interesting content with sports betting, prediction markets, decentralized finance (DeFi), and most importantly UBet’s progress.

Website: http://ubetsports.io/ Twitter: https://twitter.com/UBet__Sports Telegram: https://t.me/Ubetsports

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