🔢Odds and Slippage

Odds

The Odds represent the probability of an outcome for a specific event on which you can place a bet. Odds on the JuicyBet are the same as on the Azuro protocol, where the Oracles/Data Feed Providers deliver them.

Once betting starts on an event, the odds change, influenced by the bets made by bettors. The bets made on the front-end operator`s platform deployed on the Azuro protocol have "fixed" odds. This means a player can use the odds to calculate his potential winnings.

For example, a 100 USDT bet placed on a Manchester United Win with the odds of 2,2 can result in a payout of 220 USDT if such an outcome happens in the event. The player will make a profit of 120 USDT.

Oversize bets

You may notice that sometimes if you want to place a bigger bet - the odds start changing. Bets representing a significant size (compared to the amount of liquidity behind that betting market at that time) may encounter such a change in odds.

In any case - you can still clearly see the odds that you can bet within the betting slip.

Slippage

Slippage is a common phenomenon in crypto frequently encountered on decentralized exchanges when swapping tokens. It is the difference between the quoted and executed price of the swap. Similarly, on Azuro, the slippage is related to the change in odds while executing the bet: the difference between quoted and executed odds.

A bettor normally has some minor/negligible slippage (fractions of a percent).

It is possible to adjust the "Odds slippage tolerance" in the settings tab of the bet slip. This way, if slippage happens above your preference, the transaction (bet) will not go through.

Most bettors will rarely encounter noticeable slippage when betting.