🤓FAQ

How Does SportKings DAPP Work ?

SportKings is a product of the finest and highest level of gaming innovation. However, we made it a priority to ensure easy navigability and simplified gameplayduring development. As such, SportKings has been optimized for gamers to find it easy to play.

There is a variety of contests in the SportKings Lobby where players can join in. Football (soccer) competitions are available right now with plans tointegrate Esports and American sports already in the pipeline as outlined in our roadmap.

What Is the Difference Between Sports Prediction Tournaments and Real Sports Betting?

The main difference is in real sports betting, the player's balance is real money and can be withdrawn at any time subject to the terms and conditions of the bookmaker.

On the other hand, in Sports prediction tournaments, the player pays an entry fee to participate and can win part of the total prize pool. The prize pool is made up of all collected tournament entrance fees.

How Does the Contest Entry Fees System in SportKings Work?

Each tournament with an entry fee costs the same for all players who decide to enter that particular tournament. The tournament entry fee covers the prize pool. For example, if the prize pool entrance fee is set at $100 and the rake is $10, the total entry fee will be the $100 fee+$10 rake = $110.

The fee, or as it is known in poker circles (rake) varies between 5 and 30% depending on the size of the tournament buy-in. The bigger the tournament buy-in, the smaller the rake.

Is There a Distinction Between Entry Fees and The Rake?

In SportKings contests, the entry fee is a flat rate that is the same for all players who choose to enter the tournament. This fee goes towards the prize pool, which is the total amount of money that will be distributed to the winners.

In addition to this entry fee, there is also a rake, which is a percentage of the total fee. The rake can range from 5% to 30% and is based on the size of the tournament entry. The bigger the tournament buy-in, the lower the rake.

Can You Cash Out Chips in Sports Betting Tournaments?

No, tournament chips are only used for keeping track of performance and cannot be cashed out for real cryptocurrency. You earn real cryptocurrency tokens on SportKing if you rank high in the tournament.

What are Guaranteed Tournaments?

Guaranteed tournaments are special tournaments where there is an assured prize pool that is announced days, even weeks before the tournament starts. In such tournaments, SportKings does not rely on players to raise the full financial amount necessary to cover the prize pool.

Rather, SportKings covers the missing part of the prize pool in case there are not enough participants to fully fund it. As such, these tournaments strongly incentivize players to participate and are also apowerful marketing tool for the SKNG protocol as well.