JustBet is a Web3 casino that uses blockchain technology to deliver a secure and transparent gambling experience. It offers a wide range of games and betting options to cater to different preferences, including classics like dice and roulette, as well as engaging games like Coin Flip and Plinko. Users can place wagers using popular cryptocurrencies such as ETH, wETH, wBTC, and USDC.
One of JustBet’s standout features is its use of Supra VRF technology, which ensures that all games produce cryptographically verified, unbiased, and untampered random outcomes. This reflects JustBet’s commitment to delivering a reliable and authentic gambling experience.
JustBet operates as a Web3 casino, enabling direct peer-to-peer gambling interactions between liquidity providers and players, eliminating the need for intermediaries. This promotes decentralization and empowers users to enjoy an autonomous gambling experience, free from centralized oversight.
What sets JustBet apart from traditional online casinos is its seamless approach to KYC procedures and regulatory compliance. This makes it an attractive choice for hassle-free gambling. By integrating blockchain technology and decentralized principles, JustBet is revolutionizing the online gambling industry with its fresh and innovative perspective.
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Understanding How Betting Works at JustBet
JustBet stands as an innovative online gambling platform, revolutionizing the way players engage in gambling. By seamlessly connecting their cryptocurrency wallet to the platform, players gain access to a diverse array of games and an extensive range of betting options.
JustBet operates on an advanced multi-asset pool, enabling liquidity providers to earn yield from both bets and platform fees, thereby incentivizing their active involvement. Players have the freedom to place bets using popular cryptocurrencies like ETH, wETH, wBTC, and USDC, ensuring a flexible and convenient betting experience.
A notable standout feature of JustBet lies in its vWINR token emission system. This ingenious approach motivates players to continue their participation and stake their tokens, offering them the opportunity to earn real yield from bets and platform fees. This distinctive system serves as a rewarding incentive, ensuring players are duly rewarded for their active engagement and contribution to the platform.
Starting Your JustBet Journey
To commence your betting experience on JustBet, you will first require a browser wallet that is compatible with Arbitrum. Metamask stands as the preferred choice for this purpose, offering seamless integration. Once your wallet is set up, you can easily add Arbitrum to it, ensuring smooth functionality.
To enhance your JustBet experience, it is highly recommended to import the platform’s tokens, including WINR, vWINR, and WLP, into your wallet. This allows you to conveniently track and manage their balances, providing you with comprehensive visibility and control over your assets within the platform.
Betting as the House on JustBet
JustBet offers the option for players to become the house by adding liquidity to the bankroll and serving as the counterparty to all bets. Here’s how it works:
JustBet operates on a WINR Protocol-based decentralized house model, where the bankroll represents the house and gamblers place bets against it.
To participate as the house, anyone can add funds to the WINR Liquidity Protocol, positioning themselves on the house side of the bets.
To add liquidity, visit the Earn page and select the token you want to use, such as USDC, wETH, or wBTC.
Enter the desired amount, click “Deposit,” and approve the transaction. You will receive WLP (WINR Liquidity Protocol) tokens in your wallet, representing the underlying assets’ value in the protocol.
WLP can be sold at any time for any asset in the index to remove the liquidity provided.
Liquidity providers enjoy several rewards, such as the price of WLP appreciating as gamblers lose, vWINR emissions, and additional WLP tokens collected through fees.
That being said, there are certain risks involved, including the temporary decrease in the value of WLP if gamblers consistently win and the index composition of WLP including volatile assets such as wETH and wBTC, causing fluctuations in WLP price in volatile market conditions.
Variety of Games that JustBet Casino Currently Offers
With a remarkable variety of games, JustBet brings endless entertainment and thrilling experiences. From classic casino favorites to innovative and immersive titles, their diverse selection ensures there’s something for every player.
Wheel
The wheel is a game offered by JustBet Casino where players bet on a spinning wheel with various colored slots. The game’s table displays the probabilities and payouts for each color. However, the house edge for this game is 2.04%.
Coin Flip
Coin Flip is a straightforward game in which players can double their money by predicting the outcome of a penny spin. However, the game has a house edge of 2%, which benefits the casino.
Moon
In Moon, an interactive game offered by JustBet casino, players can place bets on the expected time of a virtual moon’s “crash.”
Range
At JustBet casino, players can enjoy a game called Range where they bet on whether a random number generated between 1 and 100 will fall within their chosen range or outside of it.
Lottery
JustBet casino offers an exciting lottery game where players can engage by carefully choosing six numbers from a range of 1 to 26. With a ticket price of $1, the potential payout for a win is determined based on the size of the prize pool. Experience the thrill of the lottery at JustBet and see if luck is on your side!
Limbo
JustBet casino offers an exhilarating game called Limbo, in which players can place bets on the multiplier wheel’s outcome. The game mechanics of Limbo are the same as that of Moon.
Rock, Paper, Scissors
Rock, Paper, Scissors is a game where players engage in a battle of wits against the house by strategically choosing their move, aiming to outsmart their opponent.
Dice
At JustBet casino, layers can play Dice, a game that allows them to choose 1 to 5 faces of the dice, which adjusts the payout multipliers accordingly. However, the house edge in Dice is 2%.
Plinko
Plinko is one of the exciting games offered by JustBet casino, which involves players dropping a ball down a game board filled with pegs. The house edge for each version of Plinko is determined by using the given probabilities and multipliers.
Banking
Web3 casinos eliminate the need for traditional deposits and withdrawals, as they allow players to use their wallets directly for betting. To add funds to an Arbitrum wallet, there are a few options available. One way is to use centralized exchanges that support Arbitrum, like Binance, Coinbase, and Okx. These exchanges let users withdraw funds directly to their Arbitrum wallet and support deposits and withdrawals using ETH on the Arbitrum network.
Alternatively, players can use the official Arbitrum Bridge or Across to transfer funds from Ethereum to Arbitrum. Another option is the Synapse Protocol, which enables users to bridge funds from different networks, including Polygon, Optimism, and BNB Chain, for increased flexibility when transferring funds to Arbitrum.
Placing Your Bets
Web3 casinos provide the convenience of playing games directly from your wallet, without the need for deposits or withdrawals. JustBet offers a hassle-free betting experience with no KYC requirements. Here are some important points to keep in mind:
Connect your wallet and switch to Arbitrum to start betting.
Ensure that you have sufficient ETH in your wallet to cover gas fees.
Bets can be placed using wETH, wBTC, and USDC. If you prefer to bet using wETH, you can swap some of your ETH for wETH on Metamask or a decentralized exchange like [insert DEX name].
JustBet supports multiple bets in a single transaction, allowing you to set stop gain and stop loss options. These features give you control over your wins and improve the speed of your game.
Use the Multiple Bets and Stop Gain/Loss options to shape your betting strategy.
Once a bet is placed, a window will appear to track the status of your bet, providing a convenient tool to monitor your performance.
Stay informed about transaction status and payouts.
Customize your betting style on JustBet by selecting your preferred game, creating your strategy, and beginning your betting journey.
Ensuring Fairness in Your Bets on JustBet
JustBet employs on-chain verification to ensure provably fair gameplay without any tampering. Here’s how the process works
For the games on JustBet, random numbers are generated using Verifiable Random Functions (VRFs) offered by SupraOracles, an Oracle service.
When the game contract receives a request, a random number is generated using a seed that’s created and broadcasted to the blockchain, determining the game outcome.
To initiate the bet, gamblers approve the transaction.
The game’s smart contract requests a random number (VRF) from the SupraOracles smart contract.
SupraOracles leverages distributed VRF technology to create an off-chain seed for randomness.
SupraOracles responds to the request, triggering the WINR Protocol contract to initiate the payout transaction for the bet.
This process ensures transparency and fairness in JustBet’s games, providing players with confidence that the outcomes are genuinely random and cannot be manipulated.
Earn Rewards by Referring Friends to Just.bet
Just.bet has a user-friendly referral system that appreciates and incentivizes users for introducing new players to the platform. By participating in this program, users can unlock bonuses and various rewards simply by referring their friends and acquaintances to join Just.bet’s dynamic community.
To join the referral program, users can easily generate their unique referral link by visiting their website. This link can be shared across various platforms and channels, allowing users to reach a wider audience. Once a player places their first bet, their referral code becomes permanently embedded within the smart contract. As a result, the referrer can continuously earn income from every subsequent bet placed by their referred players, ensuring a steady stream of rewards.
Weekly $25,000 Contest
Just.bet, offers thrilling competitions and enticing promotional offers. One of its most popular events is the weekly contest, which boasts an impressive prize pool of $25,000. This contest provides users with a remarkable opportunity to secure substantial financial rewards week after week.
To participate in this captivating contest, users can easily place bets on their preferred sports events via the user-friendly Just.bet platform. The more bets they place, the higher their chances of winning a portion of the $25,000 prize pool. Since the contest recurs on a weekly basis, participants can continuously strive for excellence and vie for the coveted prize pool, fostering an ongoing sense of excitement and anticipation.
Summary
Although Web3 casinos may have a smaller variety of games and require some technical knowledge, they offer significant benefits. Just.bet is a prime example of a Web3 casino that gives users complete control over their funds, with top-notch security and privacy measures.
By playing directly from their personal wallets, Just.bet users don’t need to deposit funds into a centralized bankroll or trust the casino with their finances. This ensures users have complete control over their funds at all times, with enhanced privacy and security. The decentralized blockchain system is also resistant to manipulation or any attempts to misuse user funds.
Moreover, Just.bet offers various features to entice users, such as a weekly $25,000 contest, a referral program, and a user-friendly platform for easy bet placement and navigation. With its dedication to security, privacy, and user autonomy, Just.bet is an excellent choice for online gambling enthusiasts who prioritize these essential features.
