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How Odds Are Created

Layerbet’s odds are generated using a hybrid approach: External Oracles: Initial odds for each event are sourced from reputable third-party data providers that provide us with an odds feed. Automated Market Making (AMM): Odds are dynamically adjusted on-chain, based on the volume and distribution of bets in the liquidity pool. Continuous Updates: Odds are updated in real time as new bets are placed or as external data changes, ensuring fair and transparent pricing.

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Odds Formats

Layerbet supports three major odds formats to accommodate user preferences:
  • EU (Decimal) Odds. For example: 2.50
  • UK (Fractional) Odds: For example: 3/2
  • US (Moneyline) Odds: For example: +150 or -200
By default, Layerbet displays odds in the EU (decimal) format.

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Changing Odds Format in the Interface

Users can change the displayed odds format at any time in the platform’s settings. To do so:
  1. Open the Settings menu, accessible in the middle section next to “All | Today | Tomorow | 1h | 3h | 6h by clicking on “⚙️”.
  2. Select your preferred format: EU (Decimal), UK (Fractional), or US (Moneyline).
  3. The interface will immediately update to display odds in your chosen format.
Your selected odds format will be saved for future sessions unless you change it again.
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