Smart Bet Bot Indepth

Explore the comprehensive and incentivizing features of Smart Bet Bot in the detailed information provided below.

Fees for using Smart Bet Bot

Smart Bet Bot operates without charging any user fees, and it does not claim a portion of users' winnings.

Similarly, information on fees, spreads, and odds on the Polygon network can be found in the Azuro docs: https://gem.azuro.org/

How Smart Bet Bot earns revenue

When you place bets through Smart Bet Bot, your wallet engages with Azuro betting pools. These liquidity pools generate revenue through a spread embedded in the odds where bettors place their bets. Azuro takes the profit from this spread.

For bets placed through Azuro's liquidity pools, Smart Bet Bot earns 60% of the profit generated by the pools.

Smart Bet Bot's current security measurements

Users' private keys undergo encryption using standard industry protocols. Smart Bet Bot never holds users' funds; the wallet it generates is self-custodial.

Upon wallet creation, users receive their private key, which they can store or import into Metamask, treating it like any other externally owned account (EOA) wallet.

It's essential to treat the wallet as a hot wallet for security reasons. Additional information on wallet security can be found.

What is Azuro?

Azuro can be conceptualized as a set of upgradable smart contracts forming a protocol.

This protocol is open for permissionless use in developing applications and products for betting with ERC-20 tokens on EVM-compatible blockchains.

Smart Bet Bot operates as an affiliated front end of Azuro. For a more in-depth exploration of Azuro, visit https://gem.azuro.org/.