How does virtual betting works in Challenge Place?

Virtual Betting is all about adding an extra layer of excitement to your tournaments. It’s a simulated betting experience where you can make predictions, engage in friendly competition, and experience the thrill of betting without any real money involved. It’s all for fun and the joy of the game! 🤩👏

Key Features:

No Real Money Transactions

Enjoy the thrill without the risk. Virtual Betting Fun is designed purely for entertainment, with no real money involved.

Friendly Competition

Compete with friends, make predictions, and see who comes out on top. It’s all about the camaraderie and the joy of the game.

Learn Without Risk

If you’re new to betting, this is the perfect opportunity to learn about odds, strategies, and the world of betting in a risk-free environment.

Parimutuel Betting System

Control odds and enhance the thrill without the need for real currency. We use the parimutuel system in which all bets of a particular type are placed together in a pool; taxes and the “house-take” or “vigorish” are deducted, and payoff odds are calculated by sharing the pool among all winning bets. Ensures a fair and exciting experience.

How to setup Virtual Betting?

  1. Log in to your Challenge Place account.
  2. Select your desired challenge
  3. Navigate to the “Betting” section in your tournament settings.
  4. Follow the easy steps to set up virtual bets for your participants.
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