How Betting Works
BETNDRAW uses pari-mutuel betting — there are no fixed odds. Your payout depends on how much everyone else stakes on the other side. The bigger the losing pool, the bigger the winner payout.
Pick a Market
Browse open prediction markets on the home page. Each market poses a real-world question with two or more possible outcomes — for example "Will Team A win the match?"
Choose Your Side
Select the outcome you believe will happen. You can see how much money is already staked on each side before you commit — this lets you judge the potential return.
Enter Your Stake
Type in the amount you want to bet. The minimum is $1.00. Your stake is deducted from your wallet immediately and added to the pool for your chosen side.
Collect Your Payout
When the market is resolved by an admin, winners share the entire pool proportionally. The more you staked relative to other winners, the larger your share of the pot.
The Payout Formula
Step 1
Deduct Platform Fee
fee = totalPool × feePercent
fee is capped at loserPool
distributable = totalPool − fee
Step 2
Calculate Your Share
(yourStake / winnerPool)
× distributable
Step 3
Credit to Wallet
currentBalance + yourPayout
(capped at maxWalletBalance)
Key insight: you are betting against other players, not against the platform. The platform only takes a fixed fee. The rest always goes to winners — meaning a large losing pool produces a large payout for the winning side.
Worked Examples
All examples use a 5% platform fee for consistency.
Clear Majority Wrong
"Will Team A win the match?" · fee 5%
Bets Placed
| Bettor | Side | Stake | Payout |
|---|---|---|---|
| Alice | Yes | $100 | $316.67 |
| Bob | Yes | $50 | $158.33 |
| Carol | No | $200 | — |
| Dave | No | $150 | — |
Pool Breakdown
Because most money was on the losing side, winners get back more than 3× their stake.
Even 50 / 50 Split
"Will the price go up today?" · fee 5%
Bets Placed
| Bettor | Side | Stake | Payout |
|---|---|---|---|
| Alice | Yes | $100 | $190.00 |
| Bob | No | $100 | — |
Pool Breakdown
With equal money on both sides, the winner earns back their stake plus the net loser pool minus the fee.
Fee Capped at Loser Pool
"Will it rain tomorrow?" · fee 5%
Bets Placed
| Bettor | Side | Stake | Payout |
|---|---|---|---|
| Alice | Yes | $950 | $950.00 |
| Bob | No | $50 | — |
Pool Breakdown
The 5% fee ($50) equals the entire loser pool, so it is capped there. Alice gets her full stake back — winners can never lose money even in edge cases.
Nobody Backed the Winning Side
"Will the event be cancelled?" · fee 5%
Bets Placed
| Bettor | Side | Stake | Payout |
|---|---|---|---|
| Alice | No | $200 | Swept to house |
| Bob | No | $300 | Swept to house |
Pool Breakdown
When nobody bet on the winning side all stakes are swept to the platform. Every bettor receives a transaction record so the ledger balances.
Bet Rules & Limits
Ready to play? Browse open markets on the home page, or read our full FAQ for more details.