Understanding Odds

How Odds Work on Hivebets

Hivebets uses a parimutuel system where odds are determined by the total pool of bets, not by a house or bookmaker.

Real-Time Calculations

Odds update continuously as bets come in:

YES Odds = (Total Pool) / (YES Pool)
NO Odds = (Total Pool) / (NO Pool)

Example

Market: "Will $4 hit $444M mcap?"

Current Pool:

• YES Pool: 1 BNB

• NO Pool: 2 BNB

• Total Pool: 3 BNB

Current Odds:

• YES Odds: 3.0x (3 ÷ 1)

• NO Odds: 1.5x (3 ÷ 2)

If you bet 0.1 BNB on YES and it wins:

• Your payout: 0.3 BNB (0.1 × 3.0x)

• Your profit: 0.2 BNB (minus 0.5% fee)

Dynamic Nature

Odds constantly change as more bets are placed:

1. Early bets get better odds (smaller pool)

2. Popular side sees odds decrease

3. Unpopular side sees odds increase

4. Last-minute bets lock in final odds

What This Means

No house edge - You're betting against other users Market-driven - Odds reflect collective opinion Transparent - All pools visible on-chain Fair - Everyone sees the same odds at the same time

Viewing Odds

On Hivebets, you can see:

• Current odds for YES and NO

• Pool sizes for both sides

• Your potential payout before betting

• Live updates as new bets come in

Strategic Considerations

Early betting:

• Better odds

• More risk (smaller sample size)

Late betting:

• Worse odds

• More information (see market consensus)

Contrarian betting:

• Bet against the crowd

• Higher potential returns

• Requires conviction in your thesis