You can now place bets to win any item on Rollbit's NFT Marketplace for a fraction of the listed price!
We've recently added a new feature allowing you to bet on any NFT listed on the Rollbit marketplace, known as NFT Boxes. NFT Boxes have a 2.5% house edge, are provably fair and allow you to set your own seed.
The betting feature makes Rollbot staking even more rewarding, since:
- Wagering on NFT Boxes increases the RLB Lottery prize pool, and
- When a NFT is won via NFT Boxes, it counts as a marketplace sale and therefore increases the marketplace's profits that are distributed to staked Rollbots!
To start betting on items, go to the marketplace to find a NFT you want and click on 'Bet'. You can then set the win probability between 0.001% and 100%. The price to spin will be determined by the win probability and the value of the NFT you're betting on.
Click on 'Spin' to place your bet. If the NFT is won, then it will be added to your portfolio, and the seller is paid the listing value. It is also possible to add multiple NFTs to a single NFT Box (but only 1 NFT can be won per spin).
To bet on more than one NFT, add items from the marketplace or use the 'Add Item' button.
Once you've chosen which NFT(s) you want to bet on, you can always change the win probability from the NFT Box, which will affect the price to spin.
The greater the win probability, the higher the price of the NFT box (if a win probability of 100% is set, then the price to spin will equal the full value of the NFT).
You can also remove any NFTs by clicking on the bin icon:
Holders of popular NFT collections such as CryptoPunks, Bored Ape Yacht Club, Beeple Genesis Collection (and others) are eligible for a bonus whenever a unique NFT deposit is made.
You can then use the deposit bonus to bet on NFTs listed on our marketplace!
Be sure to check out our NFT marketplace if you're feeling lucky!
-The Rollbit team