🎲Betting System

The Peer-to-Peer Betting System of Rival Rumble

Rival Rumble's peer-to-peer betting system allows players to challenge each other directly, wagering $RIVL tokens on the outcome of matches.

Betting Opportunities

• 1vs1+ Bets, Tournaments, and Group Challenges: Players can place bets in various competitive formats.

• Customizable Bets: Wagers can be personalized within predefined limits.

• Skill-Based Matchmaking: Matchmaking is based on skill level and bet size.

• Smart Contracts: Automated management of winnings through smart contracts.

• Dispute Resolution System: Community arbitrators resolve disputes.

Manager Tournament Prizes

Prizes in manager tournaments are based on bets placed by players on other players. The reward distribution is as follows but may evolve as the platform grows:

For Over 1000 Players:

• 1st Place: 37%

• 2nd Place: 15%

• 3rd Place: 8%

• 4th to Top 2%: 20% shared

• Top 5%: 12%

• Top 10%: 8%

For 100 to 1000 Players:

• 1st Place: 47%

• 2nd Place: 21%

• 3rd Place: 8%

• 4th Place: 3%

• 5th to 20th Place: 1%

• 21st to 30th Place: 0.5%

For 10 to 100 Players:

• 1st Place: 56%

• 2nd Place: 26%

• 3rd Place: 11%

• 4th Place: 5%

• 5th Place: 2%

For Fewer Than 10 Players:

• 1st Place: 60%

• 2nd Place: 27%

• 3rd Place: 13%

Betting Limits

Initially, the token value will be set at $1 for 1000 tokens. The minimum bet will be 100 tokens (equivalent to $0.10). The maximum bet will vary based on the characters owned:

• 10,000 tokens for those with only a base character.

• 50,000 tokens for those with at least one common character.

• 200,000 tokens for those with at least one super rare character.

• 500,000 tokens for those with at least one epic character.

• Over 500,000 tokens for those with at least one mythical character.