Brief InstructionA new game starts every day at 06:00 UTC and 18:00 UTC. When game starts, the starting price of BTC/USD is defined (the price is fixed by the 2 decimal place) according to BITSTAMP Exchange. During the next 12 hours bets are accepted (instantly). After the end this period, another 12 hours pass before the final determination of BTC/USD price to avoid possible manipulation of the price in order to win. After determining the final price, a comparison of the starting price and the final price is made. If the final price is higher than the starting one, bets placed on position "higher" are winning, if the final price is lower than the starting one, the bets placed on position "lower" are winning.
- If the starting price is be equal to the final, the game is also considered not successful and all the bets are returned to the players in full.
- The prize fund is formed of losing bets. The prize is distributed in accordance with the volume of winning players bets.
- Fees for participation in the game of 5% are charged from the prize fund (from losing bets only). Winning players DO NOT pay fees.
- If you win, you get your bet back in full as well as a part of the prize pool according to the amount of your bet. The higher your bet is - the more is your share of the prize pool.
- In case of loss, you lose your bet, and it fully goes into the prize pool. No additional fees are charged.
An example of win calculatingInitial data:Number of players: 47
Number of winners: 12
Number of losers: 35
Total POT: 3.61 BTC
The total value of prize fund: 3.23 BTC
10% fees (Rake): 0.323 BTC
The prize fund to be handed to winners: 2.907 BTC
Your bet: 0.1 BTCThe total amount of winners bets: 0.38 BTC
To determine the coefficient of winning, we divide the prize fund value (2.907 BTC) by the total amount of winners’ bets (0.38 BTC) and we get 7.65 winning coefficient.
Your win is equal to the amount of your bet (0.1 BTC) multiplied by winning coefficient (7.65), in this example you have won 0.765 BTC
At the end of the game you get your bet of 0.1 BTC back in full, as well as a Prize in the amount of 0.765 BTC.
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