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Risks Involved

The liquidity providers to the WINR smart multi asset vault are counterparty to all the wagers routed through the money handler smart contract.
As with any gambling activity, participating in the JustBet liquidity pool carries inherent risks. The bankroll, funded by players' wagers, relies on the built-in edge casino games have in favor of the house. However, due to the use of random number generation in each wager, it is possible for the bankroll to experience losses on certain days and profits on others. The size of a user's contribution to the pool, or their weight within the pool, will directly affect their exposure to these daily fluctuations.
While it is important to note that there is always a level of uncertainty involved in gambling, it is a mathematically proven fact that, over the long term, the casino bankroll will consistently generate profit. This has been demonstrated through multiple simulations; please see the Math & Simulations section for more details. It is important for players to keep this in mind and to gamble responsibly, understanding that there is a potential for both wins and losses.

Scenarios

With these assumptions, a negative scenario can be imagined as follows:
For this scenario, let's assume that the house edge is negative 2% and the daily volume is 30 ETH. The total value of the liquidity pool is 1000 ETH, and a user has deposited 10 ETH into the pool as an LP.
And also In this scenario, To present a negative scenario, let's assume that the ETH/USD exchange rate drops significantly after the LP participant joins the LP program. As a result, the value of their initial 10 ETH contribution decreases, leading to a loss in their capital.
Day 1: The participant's contribution weight is 10/1000 = 1% of the total pool. The house edge for the day is 2% * 30 ETH = 0.6 ETH. The participant's share of the loss is 1% * 0.6 ETH = 0.006 ETH. The participant's balance is now 10 ETH - 0.006 ETH = 9.994 ETH. And the ETH/USD Parity is 1.400 USD today. Therefore, 13.991 USD LPer has been as of Day 1.
Day 2: The participant's contribution weight is unchanged at 1%. The house edge for the day is again 0.6 ETH. The participant's share of the loss is 0.006 ETH. The participant's balance is now 9.994 ETH - 0.006 ETH = 9.988 ETH. And the ETH/USD Parity is 1.300 USD today. Therefore, 12.984,4 USD LPer has been as of Day 2.
Day 3: The participant's contribution weight is still 1%. The house edge for the day is 0.6 ETH. The participant's share of the loss is 0.006 ETH. The participant's balance is now 9.988 ETH - 0.006 ETH = 9.982 ETH. And the ETH/USD Parity is 1.200 USD this day. Therefore, 11.978,4 USD LPer has been as of Day 3.
This pattern continues for the remaining days in the negative scenario, with the participant's balance gradually decreasing due to the house edge and the decreasing value of ETH. In this scenario, the LP participant experiences a constant loss in their earnings due to the decrease in the value of their initial contribution.
To present a positive scenario for the LP participant, we can assume that the value of ETH increased by 10% after the participant joined the LP. We will again assume that the daily volume remains constant at 30 ETH and that the house edge is 2%.
With these assumptions, a positive scenario can be calculated as follows:
Day 1: The participant's contribution weight is 10/1000 = 1% of the total pool. The house edge for the day is 2% * 30 ETH = 0.6 ETH. The participant's profit share is 1% * 0.6 ETH = 0.006 ETH. The participant's balance is now 10 ETH + 0.006 ETH = 10.006 ETH. And the ETH/USD Parity is 1.600 USD today. Therefore, 16.009,6 USD LPer has been as of Day 1.
Day 2: The participant's contribution weight is unchanged at 1%. The house edge for the day is again 0.6 ETH. The participant's share of the profit is 0.006 ETH. The participant's balance is 10.006 ETH + 0.006 ETH = 10.012 ETH. And the ETH/USD Parity is 1.700 USD today. Therefore, 17.020,4 USD LPer has been as of Day 2.
Day 3: The participant's contribution weight is still 1%. The house edge for the day is 0.6 ETH. The participant's share of the profit is 0.006 ETH. The participant's balance is 10.012 ETH + 0.006 ETH = 10.018 ETH. And the ETH/USD Parity is 1.800 USD today. Therefore, 18.032,4 USD LPer has been as of Day 3.
This pattern continues for the remaining days in the positive scenario, with the participant's balance gradually increasing due to the house edge and the increasing value of ETH.
It's important to note that the above calculations are just examples and do not necessarily reflect the actual earnings or losses a user may experience as an LP on JustBet. The earnings and losses will depend on various factors, including the house edge, volume, contribution rate, and the user's contribution weight. Please note that these scenarios are just examples and the actual results may vary based on the specific parameters and the randomness of the games. Participation in the LP program can be profitable but also carries some risks. Players should carefully consider their risk tolerance and financial resources before participating in the LP program. Please refer to the Bankroll (LP) Earnings under the Math & Simulation section to see a realistic simulation of the amount the in the bankroll.