🎰Lose-to-Earn [TBA]
The Goal3 Lose-to-earn Lottery offers players a chance to win back a portion of their losses each week, incentivizing continued use of the sportsbook.
Goal3 Lose-to-earn
Every bet placed on the Goal3 platform can be minted as an NFT.
Whenever a bet is placed, a small percentage of the house edge and transaction fees from that bet are added to the lossback pool. This pool accumulates over time, based on the volume of bets placed on the platform.
At the end of each week, a lottery is held to distribute the lossback pool to the losing players. Each losing betslip serves as a ticket for the lottery, giving players a chance to win back some of their losses.
The amount of lossback distributed to each player is proportional to their net losses for the week. This means that players who lost more will receive a larger share of the lossback pool.
By creating a lossback mechanism, Goal3 provides an added incentive for players to continue using the platform, even if they experience losses. This helps to build a loyal user base and can ultimately lead to increased volume and revenue for the sportsbook.
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