This document describes a betting system called SystemBet that uses Bitcoin. It allows users to bet on one of six daily options until placing two bets. Winnings are distributed 80% to the option with the fewest total bets and 20% to the second fewest. Odds are calculated based on total bets and payout. Users can earn 1% commissions from referrals' winnings if odds are over 2x. Minimum bets are 0.001 BTC and deposits 0.005 BTC.

1. YOUR LUCK WILL CHANGE
SYSTEMBET.CLUB

2. What is System Bet?
 It’s a simple and innovative bet system in Bitcoin.
 Why do we use bitcoin?
 It’s free with no fees
 It’s descentralized
 It’s simple
 No third part envolved

3. How do we work?
The systemBet works with one daily game.
Each game is composed by 6 options that the user can do until 2 bets in 2 differents
options.
In the end of the day, when the market is closed, the system will be define the 2
winners options (First and second place).
The system will be divide the market profit in the following way:
80% to the first place
20% to the second place
The users that made bet in one of this winners options will receive the proportional
value from your bet.

4. How does the winners will be defined
To guarantee for you the max profit and avoid any kind of manipulation, the winners
are defined according to the numbers of bets made by anothers users in the same
market.
The options wich represent the minors proportions related to the total profit, will be
the winners.
Calculation:
In this example:
1º place: Cat (5% of the total market)
2º place: Bull (Represents 15% of the total market)
*In case of a tie the criterion of the tie breaker will be the total of users that did bet in this options, ordering by the lower quantity.

5. How is the ODD calculation
Now, you know how the winners will be defined, let’s go to the ODD (Return of profit)
Example: Suppose that in the winner option (first place), 20 users made $ 1.000,00 in bets, and, in
the second winner (second place) option, 35 users made $3.500,00.
Let us suppose also that the total billed was $25.000,00
1º option 2º option
Users 20 35
Bets $1000.00,00 $3500.00,00
Billed $20.000,00(80%) $5.000,00(20%)
ODD 1º = 20.000 / 1000.00 = 20.000
ODD 2º = 5.000 / 3.500 = 1.42

6. User earns
To figure out how much the user will earn is simple.
Just multiply the bet and the ODD.
Example: If i made a bet in the cat option ($10.00). In the end, the cat was the winner
in first place and your ODD was 20.00.
User profit: $10.00 * 20.00 =
$200.00

7. Unilevel
The user will receive until the 10th level 1% of each user profit, if the ODD of the
winner is at least 2.00
Always that the ODD is greater then 2.00, the system bet will pay 1% for each user
under you until the 10th level.
To participate of one of the markets, it’s necessary that the user deposit the min value
in at least one option.
first level
Second level
9th level
10th level

8. Informations
The user must make a deposit in your system bet account to make a bet
The payment is only in bitcoin
The minimum bet is 0.001 bitcoin
The minimum deposit is 0.005 bitcoin
The users can transfers balance each other

9. THANK YOU