Frequently Asked Questions (FAQ)

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Welcome to the FAQ section for SmartContractBets.XYZ, the Web3 sports betting platform where smart contracts handle the odds, payouts, and trust. Here you’ll find answers to your most common questions.

1. ❓What is SmartContractBets.XYZ?

SmartContractBets.XYZ is a decentralized sports betting interface powered by the Azuro protocol. It allows users to place bets using blockchain smart contracts, ensuring transparency, fairness, and instant payouts—no middlemen, no delays.

2. 🎯 How do I place a bet?

To place a bet:

  1. Connect a Web3-enabled wallet (such as MetaMask) to the platform.
  2. Choose a sport or event from the live or upcoming markets.
  3. Select your preferred outcome and odds.
  4. Approve the transaction through your wallet.
  5. Done! Your bet is now live on the blockchain.

🔗 Get MetaMask here: https://metamask.io

⚠️ Important: Always back up your seed phrase securely. If lost, your wallet and funds are irrecoverable. Never share it with anyone—including us.

3. 🔗 What blockchain(s) does SmartContractBets.XYZ support?

We currently support Azuro Protocol on the following chains:

  • Gnosis Chain (xDai): Bet and pay gas fees using the same stable token — xDai.
  • Polygon Mainnet: Bet with USDT and pay gas fees in MATIC.

More chains will be integrated as Azuro expands.

4. 🧠 What are smart contract bets?

Smart contract bets are wagers that are automatically enforced by blockchain code. Once you place a bet:

  • The odds are locked.
  • The funds are stored in a smart contract.
  • If your prediction is correct, the smart contract instantly pays out your winnings.

This eliminates delays, disputes, and centralized manipulation.

5. 🏦 Who holds the funds and settles the bets?

Nobody. Your funds go directly into a self-executing smart contract on the blockchain. Payouts are triggered automatically based on the outcome provided by trusted oracles used by the Azuro protocol.

There are no centralized bookies or custodians involved.

6. 📈 How are odds determined?

Odds on SmartContractBets.XYZ are dynamically managed by liquidity providers and algorithmic market makers participating in the Azuro ecosystem. This creates fair and competitive odds across thousands of markets.

7. ⚽ What sports and events can I bet on?

SmartContractBets.XYZ supports all major global sports, including:

  • ⚽ Football (Premier League, La Liga, Serie A, etc.)
  • 🏀 Basketball (NBA, EuroLeague)
  • 🥊 MMA, Boxing
  • 🎾 Tennis
  • 🏏 Cricket
  • 🏈 American Football
  • 🧊 Ice Hockey
  • 🎮 Esports (Dota 2, CS:GO, LoL)

…and even niche markets like Table Tennis, Politics, and more.

8. 🚫 Is betting legal in my country?

It is your responsibility to ensure that decentralized betting is legal in your jurisdiction. We do not offer legal advice and do not allow access to users from restricted jurisdictions. Please review your local laws before participating.

9. 🛡️ Is SmartContractBets.XYZ safe?

Yes — our platform is:

  • Non-custodial: We never hold your funds.
  • Transparent: All bets and outcomes are recorded on-chain.
  • Secure: Smart contracts are deployed via the audited Azuro protocol.

However, always follow good crypto hygiene: secure your wallet, double-check transaction prompts, and avoid suspicious links.

10. 💵 What currencies can I use to bet?

Depending on the chain:

  • On Gnosis Chain: Use xDAI for both betting and gas fees.
  • On Polygon: Use USDT for betting and MATIC for gas.

More token options may be introduced as the platform evolves.

11. ⚙️ Are there any fees?

SmartContractBets.XYZ itself charges no hidden platform fees. You’ll only need to pay the standard blockchain gas fee to place or settle bets. Some liquidity providers or DAO participants may earn a small fee share from the protocol.

12. 🧾 Where can I track my bets and winnings?

You can view all your bets and outcomes directly:

  • In your Wallet Transaction History
  • On a blockchain explorer like GnosisScan or PolygonScan
  • In the “My Bets” section of SmartContractBets.XYZ (coming soon)

13. 🌐 Do I need to create an account?

No. There are no usernames, passwords, or sign-ups. You simply connect your wallet and start betting. Web3 is all about permissionless access and privacy-first experiences.

14. 🔧 What happens if the site goes down?

Even if our frontend is offline, your bets are secured on the blockchain. You can always interact with the smart contracts directly via explorers or alternative frontends that integrate the Azuro protocol.

15. 🗳️ Can I help shape the future of SmartContractBets.XYZ?

Yes! We are a community-driven platform. Join our DAO discussions, help test new features, or contribute liquidity. Look out for upcoming governance tools, ambassador programs, and contributor rewards.

Still Have Questions?

👉 Reach out via X: https://x.com/smartbets_xyz 

 👉 Or join the community on Telegram: https://t.me/fortunestakesWeb3