🪙︱Betting Pool

What is a Betting Pool?

The PlayLand betting pool captures 10% of the profits from every bet placed within any game on the platform, thereby consistently increasing its overall value.

This mechanism ensures a robust foundation for the platform, as every game is directly linked to this central pool, guaranteeing initial liquidity and a stable economic environment for game creators and players alike.

Beyond its role in enhancing game sustainability, the betting pool also serves as the liquidity pool for $Play Token, PlayLand's proprietary cryptocurrency. This dual functionality not only solidifies the betting pool's position as the economic backbone of the PlayLand ecosystem but also ensures that the Play Token remains a vibrant and fluid asset within and potentially outside the platform.

Token Growth

Given that 10% of the profit from each bet increases the value of the liquidity pool for the PLAY token, we can estimate its value growth over a specific period.

The average bet value for users of virtual casinos in 2023 was $1.96 USD. This means that with an average house edge of 5%, the betting pool would earn approximately $0.01 USD on every single bet.

Assuming that in Q3 2024, the platform will handle 1,666 daily bets, 5,000 bets in Q4 2024, 20,000 bets in Q1 2025, and 40,000 bets in Q2 2025, this translates to a 36% annual increase in the token's value!

These increases stem solely from the growth of the betting pool size.

Additionally, the value of the token also rises due to the Daily Burn Event and possibly market factors.