Welcome to our FAQ section on sports betting. Whether you're new to crypto betting or looking to brush up on the basics, this page covers the most common questions.
What is crypto sports betting?
Crypto sports betting is the act of placing bets on sports events using cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), or stablecoins (USDT, USDC) instead of traditional fiat currencies. In PapaBet, our main crypto currency is USDC, Solana network and any deposit are exchanged to USDC currency.
Why use crypto for sports betting?
There are several advantages:
- Faster transactions - Deposits and withdrawals are processed quicker.
- Lower fees - Crypto networks often charge lower transaction costs.
- Privacy - Betting with crypto offers more anonymity than traditional sportsbooks.
- Global access - No need to rely on regional payment providers or banking systems.
How do I open a new account?
To open a new account, simply go to Register. Fill in the required information, and then log in to access your account.
How do I make deposit?
After you log in to your account, go to Cashier in your browser to access the cashier. Click on "Deposit" and follow the instructions to make your deposit using the Solana network ($0 fee) or other deposit options like BTC, ETH, BNB, etc.
Which cryptocurrencies are accepted?
The cryptocurrencies accepted for deposits and withdrawals are the following:
Note: Depositing with Solana network has a $0 fee.
- Solana Network: SOL, USDC, USDT, JUP, PYTH…
- Bitcoin: BTC
- ETH: ETH, USDT, USDC, WBTC
- BNB Smart Chain: BNB, USDT, USDC
- Polygon: POL, USDT, USDC
- Cardano: ADA
- Dogecoin: DOGE
- Polkadot: DOT
- Litecoin: LTC
- Tron: TRX, USDT
- Ton: TON
- BitcoinCash: BCH
- Avax C-Chain: AVAX, USDT, USDC
Why I get less amount in my account with a deposit?
Our platform uses an external bridge to receive USDC (Solana network) as deposits. We recommend using the Solana network to enjoy a $0 fee on deposits.
How do I request a withdrawal?
Withdrawing funds from your account is very simple. Just go to the cashier and click the "Withdraw" button. Once on the page, you need to select the network, the desired token to receive your withdrawal, the amount you want to withdraw, and enter the address where the funds should be sent.
Note: having provided an invalid address or network might imply the lose of funds under user responsibility
How do I place a single bet?
Browse Sports & Events: Go to the sports section and choose the sport or event you want to bet on.
- Select a Bet: Click on the odds for the team or outcome you want to bet on.
- Enter Your Stake: Type the amount of money you want to wager.
- Confirm the Bet: Review your selection and confirm the bet by clicking "Place Bet".
- Tip: Always double-check your bet slip before confirming.
How do I place a Parlay?
Once you have selected two or more events, the "Parlay" tab will appear, where you can enter the amount you wish to bet, view the parlay odds, and click "Place Bets".
What happen when one plays in a parlay pushes?
If one of the games in a parlay is a push then the parlay will reduce so for example you have a 5-team parlay and one game is a push, the wager will be graded as a 4 teamer. If there is a push in a two-team parlay, the bet reduces to a single wager on the remaining game.
How do I change or cancel a bet?
Once you place your bet, it cannot be canceled or changed for any reason.
How do I change the odds format?
At the top, you'll see the Search tab, and nearby you'll find the "Preferences" button, where you can change the odds format to either American style or Decimal (Euro)
How can I contact support?
To contact support, you can email [email protected] or reach out through our Discord, where you'll need to open a ticket to submit your inquiry.