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BLOK SPORTS is the most fun and social way to wager on your favorite sports with your friends or others on the app directly without having to deal with the House.  No House means major benefits for our players:

  • No deposits required. You make and take wagers via your own privately-held digital wallet that we create for you when you sign up.  No one controls your funds except you.  See Funding, Payments and Accounts.
  • No payment or withdrawal delays
  • No arbitrary restrictions placed on our players – since it’s peer-to-peer, it’s up to you and the other player to agree on a wager
  • Better expected outcomes – we provide “market” odds for each event as a reference point; however, you can customize the odds and lines for any wager you create, giving you the opportunity for a much better outcome than wagering against the House.

BLOK SPORTS is built on next-gen blockchain, but don’t let that confuse you.  It just means that your transactions are running securely, safely and reliably at all times without the risk of the House ruining your fun.

We do require you to use a “digital casino chip” to wager called USDC, which is a secure stablecoin that is equal to $1USD. You can learn more at https://www.circle.com/en/usdc

BLOK SPORTS will occasionally offer its users promotional bonuses for referring friends to sign up.

The current promotion offers $5 in Polygon USDC for referring a friend to sign up.  Both the referrer and referee will receive the bonus once the referee signs up and completes at least $100 worth of wagers in the app. These must be active wagers between two players on events offered in the app.  Bonuses will be deposited into the wallet account of both referrer and referee once the active bets are resolved.

  • What is a Point Spread bet?
    • With Point Spread betting, each team is given certain points that they’ll have to meet for you to win. Let’s say the lines say Bengals +3 and Rams -3. This would mean that the Bengals would have to win or lose by less than 3 for you to win and the Rams would have to win a game by more than 3 points. If the teams win or lose by the exact spread, then you tie and your original wager is refunded.

  • What is a Total bet?
    • Total bets are also called Over/Under bets and they are bets of the total amount of points scored by both teams. If it says Over 8 and you bet on this, this means that the overall score has to be higher than 8 for you to win. If it says Under 8 and you bet on this, this means the overall score has to be lower than 8 for you to win.  If the total score is 8, then you tie and your original wager is refunded.

  • What is a Moneyline bet?
    • A Moneyline bet is when you bet on only one team to win. Let’s say the two teams are the Bengals (+150) and the Rams (-110). The +150 means you’ll win $150 if you place a $100 bet and the Bengals win. The -110 means you’ll need to bet $110 to win $100 if the Rams win.  If the teams tie, then you tie and your original wager is refunded.

  • What are odds?
    • Understanding betting odds is extremely important and essential if you’re going to have a successful betting career.  The good thing is that it doesn’t take much to read odds and the math isn’t too complicated.  Odds in different countries differ, but we’re going to focus on American odds. 
      You’ll see these on all sportsbook sites in the United States and you’ll see different titles, as a team, spread, moneyline, and total. These are in terms of 100 and each one will have a plus or minus.  They are in 100 because it’s a 1:1 ratio, which means for every $1 you bet, you’ll win $1 if your bet wins. If it’s a plus, you’ll win more than $100 on a $100 bet and a minus means you’ll have to bet more than $100 to win $100. 
      For example, a Moneyline bet is when you bet on only one team to win. Let’s say the two teams are the Bengals (+150) and the Rams (-110). The +150 means you’ll win $150 if you place a $100 bet and the Bengals win. The -110 means you’ll need to bet $110 to win $100 if the Rams win.

  • What does Configure Bet mean?
    • When you make a bet, you can always click to Configure Bet which means you can adjust the Odds, the Line and the Expiration time of your wager (i.e., how long the bet is available for others to take).  If you don’t set an Expiration time, the default expiration time for your bet will be the official game start time.

  • Can I take a portion of someone else’s or a market bet?
    • Yes, you have the ability to take all (subject to any betting limit restrictions) or a portion of a bet.  If you take a portion, that bet will continue to be posted until its expiration time with the new amount available (i.e., the original amount reduced for any amounts taken).

  • What happens if my bet is not taken?
    • Any unfilled bet you place will expire at the start of the game time or at the expiration time you set and will no longer be available for anyone to take.

  • Where can I find the bet rules for each sport?
    • You can find these in the Betting Rules article in our FAQ
  • Can I take a portion of someone else’s or a market bet?
    • Yes, you have the ability to take all (subject to any betting limit restrictions) or a portion of a bet.  If you take a portion, that bet will continue to be posted until its expiration time with the new amount available (i.e., the original amount reduced for any amounts taken).

  • What happens if my bet is not taken?
    • Any unfilled bet you place will expire at the start of the game time or at the expiration time you set and will no longer be available for anyone to take.

  • Where can I find the bet rules for each sport?
    • You can find these in the Betting Rules article in our FAQ
  • How do I create an account or crypto wallet?
    • We set up your own secure, privately-held wallet upon signing up.  You can use it like any other web3 wallet.  You can learn more at https://web3auth.io/

  • Do I need a separate crypto wallet to play?
    • No. We set up your own secure, privately-held wallet upon signing up.  We will allow the import of your own wallets to be used in our app at a later date.

  • What is Polygon USDC and why do I need it to bet?
    • Polygon USDC (or Matic USDC) is the only token that we support today for wagers in our app.  It is a version of USDC that runs on the Polygon network, which is the blockchain that BLOK SPORTS is running on. 
      USDC is a digital dollar, also known as a stable coin pegged to US$1.  Be sure you have or purchase Polygon USDC, and not regular USDC, in order to transact in our app. You can learn more at
      https://www.circle.com/en/usdc
  • How do I deposit money or Polygon USDC?
    • Today, we only support Polygon USDC for wagers in our app.  You can either deposit Polygon USDC into your newly created wallet from another wallet or account you own.  You can also purchase Polygon USDC via our fiat on-ramp providers available through our app.  Be sure you deposit or purchase Polygon USDC, and not regular USDC, in order to transact in our app.

  • If I have regular USDC, can I use that to wager?  And how can I exchange it for Polygon USDC?
    • You cannot use regular USDC in BLOK SPORTS.  It must be Polygon or Matic USDC.  There are also bridge networks like Connext (https://bridge.connext.network/) that easily allow you convert to Polygon USDC.  Keep in mind that these bridges may charge their own fees to perform this conversion.

  • How do I withdraw money?
    • You can withdraw your funds at any time since they are always held in your private wallet.  You can withdraw them to any other wallet or account supporting Polygon USDC, such as Metamask. 
      Fiat off-ramp to convert the Polygon USDC to your local fiat currency may be available via our fiat on-ramp providers.  Be sure to check if they support this feature.

  • Are there any fees being charged on my wager?
    • We charge a 5% fee only after a wager is resolved and only on the winning amount (and not on the total payout) in order to support our platform and operational costs.   We do not charge any fees for placing or taking a wager.

  • Am I charged gas fees in order to place or take any wagers?
    • No.  We cover any gas fees associated with placing, taking and resolving any wager transactions.

  • Am I charged gas fees to deposit or withdraw funds?
    • You may be required to pay gas fees for withdrawals and deposits since you are transacting directly from your own wallet. 
      You will need sufficient Polygon (MATIC) tokens in your account to perform certain of these transactions.

  • Is there a limit on how much I can wager?
    • During our beta period, the maximum you can wager on any single bet is $100.  We will be increasing this amount soon.
  • What happens if I lose my credentials and/or password to my wallet?
    • The private digital wallet we set up for you upon sign-up does not require a password to interact with the BLOK SPORTS app. 
      However, your private keys are always recoverable through a secure method via our wallet provider
      https://web3auth.io/

  • Can I transact on the BLOK SPORTS app even if I login into the app on various websites?
    • Yes, our app will recognize you and your account from whichever BLOK SPORTS app you log in through, unless it states otherwise.
  • Is my region restricted for betting?
    • Bloksports.bet is licensed under a Curacao license and is approved to operate in certain international markets.  You must abide by any local restrictions in your jurisdiction as well as comply with our Terms of Service and Privacy Policy available in our app and website www.bloksports.bet 
       
  • Is there an age restriction to use the BLOK SPORTS app?
    • You must be at least 18 years of age or the age of majority in your jurisdiction.
  • Can I use any web browser to access the BLOK SPORTS app?
    • We strongly recommend using Google Chrome.  You can use other browsers but they may not perform as reliably as Chrome.

  • Can I use BLOK SPORTS on mobile?
    • BLOK SPORTS can be used in a mobile web browser.  We do not yet have a native mobile app available.

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