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How It Works

V3 bet - Decentralized P2P Betting & Casino Gaming

Platform Overview

V3 bet offers two distinct gaming experiences on the Base blockchain:

P2P Betting

Create liquidity pools for sports betting with custom odds. Become a market maker or place bets against other players.

Casino Games

Play provably-fair casino games with instant payouts. Multiple game types with different odds and house edges.

P2P Sports Betting

1. Games Are Created

Platform operators create upcoming sports games with team names and start times. No odds are set at this stage - that's where you come in!

2. Create Liquidity Pools

Anyone can create a betting pool by setting an outcome and providing liquidity:

  • Set your odds (e.g., 2.0x, 3.5x)
  • Choose an outcome (e.g., "Team A Wins")
  • Provide liquidity to cover potential payouts

Note: When you create a pool you state the outcome you believe will happen and provide liquidity to back that position. Other users may place bets on the opposite outcome.

Example: You create a "Team A Win" pool with 2.0x odds and 100 USDC liquidity. Others can place bets on Team A losing at the matching contract odds. If Team A wins, winning bettors are paid from your pool and you may claim remaining funds (minus fees). If Team A loses, bettors who picked the opposite outcome receive payouts from the pool.

Private Pools: You can make your pool private by allowing only specific wallet addresses to bet in it. This is useful for:

  • Private betting circles with friends
  • Exclusive group wagers
  • Invitation-only betting events
  • Maximum 8 allowed addresses per private pool

The platform automatically converts the payout you set into the odds other bettors see. For example, if you set a payout of 2.50×, opposing bettors will see approximately 1.67× as the contract odds.

3. Others Place Bets

Other users bet against your pool's outcome:

  • They bet an amount at your stated odds
  • If their prediction is CORRECT (opposite of yours): They WIN and get payout
  • If their prediction is WRONG (matches yours): They LOSE their stake

Example: You created a "Team A Wins" pool. Someone bets 50 USDC they think Team A will LOSE at 2.0x odds. If Team A LOSES (bettor correct): They WIN 100 USDC (50 × 2.0) minus 3% fee from your liquidity. You LOSE.

4. Game Finishes & Claims

Once the game is finished and results are set:

  • Winning bettors: Claim their payouts (stake × odds - 3% fee on profit)
  • Pool creator (if prediction CORRECT - bettors lost): Claim original liquidity + all bet stakes minus 3% fee on profit. You WIN
  • Pool creator (if prediction WRONG - bettors won): Your liquidity was paid out to winners. You LOSE

Key Features

Trustless

All funds secured by smart contracts on Base blockchain. No intermediaries.

Set Your Odds

Pool creators decide their own odds based on market demand.

Transparent

All transactions verifiable on-chain. No hidden fees.

Instant Payouts

Claim your winnings immediately after game results are set.

Private Pools

Create exclusive pools for friends or invite-only betting groups.

Full Control

Choose who can bet in your pools or make them public for anyone.

P2P Betting - Fee Structure

3% platform fee - Only applied to profits (winnings minus stake)

If you win 100 USDC on a 50 USDC bet, fee is 3% of 50 USDC profit = 1.50 USDC Your take-home: 98.50 USDC

Casino Games

V3 bet's casino features provably-fair games powered by Chainlink VRF (Verifiable Random Function) for guaranteed fairness. Instant payouts to your wallet.

Coin Toss

1.96x Payout

The simplest casino game: Pick Heads or Tails. 50/50 chance to win. Powered by Chainlink VRF for provable fairness.

  • Odds: 50% win rate
  • Payout: 1.96× your bet (accounting for house edge)
  • Min Bet: 0.5 USDC
  • Randomness: Chainlink VRF

Rock Paper Scissors

2.88x Payout

Beat the house hand in this 3-way game. Choose your move and win against the randomly generated house hand.

  • Odds: 1 in 3 to win, 1 in 3 to draw, 1 in 3 to lose
  • Payout: 2.88× your bet on win
  • Min Bet: 0.5 USDC
  • Randomness: Chainlink VRF

Dice

Up to 5.7x

Roll dice and pick your bet type: Exact number, Over target, or Under target. Higher risk = higher reward.

  • Bet Types: Exact (bet on 1-6), Over (above target), Under (below target)
  • Payouts: Up to 5.7× for exact rolls, up to 3× for Over/Under
  • Min Bet: 0.5 USDC
  • Randomness: Chainlink VRF

Roulette

Up to 35x

Classic European roulette. Bet on Red, Black, or a specific number (1-36) on the wheel.

  • Bet Types: Red/Black (1.98×), Specific Number (35×)
  • House Edge: Built-in from wheel design (37 numbers)
  • Min Bet: 0.5 USDC
  • Randomness: Chainlink VRF

Lucky Wheel

Up to 10x

Spin 12 prize segments. Win multipliers ranging from 2× to 10×, or BUST and lose your bet.

  • Segments: 12 segments with various multipliers
  • Payouts: Ranges from 2× to 10×, plus BUST segments
  • Min Bet: 0.5 USDC
  • Randomness: Chainlink VRF

Slots

Variable Payout

Spin the reels and match symbols for payouts. Classic slot machine experience with multiple pay lines.

  • Mechanics: Traditional 3-reel slot machine
  • Payouts: Variable based on symbol combinations
  • Min Bet: 0.5 USDC
  • Randomness: Chainlink VRF

Casino Features

Provably Fair

All randomness powered by Chainlink VRF. No house manipulation possible.

Instant Payouts

Winnings deposited directly to your wallet. No delays or withdrawals needed.

Smart Contract Security

All games run on audited smart contracts. Your funds are always secure on-chain.

Flexible Betting

Bet as little as 0.5 USDC or go big. Full control over your bet amounts.

Understanding House Edge

Each casino game has a built-in house edge—the mathematical advantage that ensures the platform's sustainability:

  • Coin Toss: ~2% (1.96× vs theoretical 2.0×)
  • Rock Paper Scissors: ~4% (2.88× vs theoretical 3.0×)
  • Dice: 4% on all bet types
  • Roulette: 2.7% (European wheel with 1 zero)
  • Lucky Wheel: Variable based on segment distribution
  • Slots: Variable based on pay line configuration

Tip: House edge is transparent and fair. Over many plays, expect to lose approximately the house edge percentage of your total wagered amount on average.

Start Gaming Now

Choose between P2P Sports Betting or Casino Games when you log in