3.3. Age of Silver
This Age brings you great experience to become the “Big Boss”. It means you could invest your rBIV to the rBIV Pool and receive rBIV Pools’ profit sharing as passive earning by “Auto-Farming”.
Lay Players and Back Players
There are two kinds of bets that can be made - the back bet and the lay bet. Back betting allows players to put their wager behind a team, betting on the assumption that they will win. On the other hand, lay betting allows you to "be the Bookie".
Rather than betting on a specific event (for instance, your team winning), Lay Players can bet on an event that is "Not going to happen".
In the earlier Ages, you are the Back Player who predicts and gets quick results: win or lose. From now on, you also act another interesting role as a Lay Player or “as a Bookie”: take bets and receive passive income.
rBIV Laying Pool
When you invest your rBIV in rBIV Pool, you will become a Lay Player because you are laying to receive passive income from the Auto Laying System’s operation. Many Lay Players contribute tokens to the rBIV Pool to make it become the rBIV Laying Pool (or the rBIV Pool of Lay Players).
Potential Profits
Unlike Back Players who desire quick profits (high risk, high return), Lay Players enjoy stable, passive earnings.
In Betiverse, the potential profit margin of a Laying Pool is normally 5% of Total Wager in a football match whoever the winner is. For other Sports and eSports, the profit margin is often higher.
A football match takes 90 minutes to finish and there are around 300 matches per day, you could imagine how big the profit of the Bookie is. Betiverse brings the chance for everyone to share this huge profit “as a Bookie”.
Example:
If the total wager in a match between Manchester United and Real Madrid is 20 Millions USDB then the potential profit of Laying Pool is 250.000 USDB, in just 90 minutes.
vs 
Total Wager = Wager 1 + Wager 2 + … + Wager N = 20.000.000 USDB
Laying Pool’s Profit margin = ~1.25%
Laying Pool’s Profit = 1.25% x 20.000.000 = 250.000 USDB
Auto-Farming
Since the beginning of the Silver Age, all of your rBIV will be automatically added to the rBIV Laying Pool. You will see your current share of the Laying Pool in your Profile. You will receive passive earnings from the profit sharing from the operation of the rBIV Laying Pool. Laying Pool Profit = Total Wins - Total Losses Your Profit Sharing = Laying Pool Profit * Your Shares
Example:
For a specific match:
If you have 100.000 rBIV and total rBIV in the Laying Pool is 10M then you own 1% of the rBIV Laying Pool. For a match, if the Laying Pool profit is 250.000 USDB then you will receive 2.500 USDB and 25 Blocks as your profit share. If the 1st Reducing has not occured (reward rate is 16 rBIV per Block), your profit share is 400 rBIV.
vs
In more details:
Laying Pool’s Profit = 250.000 USDB Your Share = 1% Your Profit Share = 1% x 250.000 = 2.500 USDB
And Laying Pool’s reward = 250.000 / 100 = 2.500 Blocks Your Share = 1% Your Profit Share = 1% x 2.500 = 25 Blocks
For a month:
In a month, for instance, if the Laying Pool profit is 10M USDB, you will receive 100.000 USDB and 1.000 Blocks as your profit share of that month (*).
If the Reducing rate is 16 rBIV per Block, your profit share is 1.000 x 16 = 16.000 rBIV.
If the Reducing rate is 16 rBIV per Block (for 4M USDB) and 8 rBIV per Block (for 6M USDB), your profit share is (400 x 16) + (600 x 8) = 11.200 rBIV.
If the Reducing rate is 8 rBIV per Block, your profit share is 1.000 x 8 = 8.000 rBIV.
Your rBIV earned from correct swipes, rewarded from your Clan, bonus and profit sharing will be added to the Laying Pool so you will enjoy the compound rate of earning. That is how Betiverse maximizes your own rBIV Treasury.
More markets
Besides Asian Handicap, three main “Markets” will be added to make the Betswipe more enjoyable and challenging:
1X2 (or Home/Draw/Away): There is the possibility of a draw. The 1 refers to Home win, the X refers to the draw and the 2 refers to Away win.
Correct Score: You predict the exact final score of the match.
Over/Under: You predict that the total goals of a match will be larger or smaller than a given number.
Auto Laying System
Unlike other crypto betting exchanges, Back and Lay bets are automatically matched. This auto laying system helps to reduce the time and efforts to match bets and also maintain emotion of Players, both Back and Lay.
System Workflow in the Age of Silver
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