Bet Lounge

The Ultimate Community Betting And Gaming Experience. Gamifying The Social Landscape Of Telegram

About Bet Lounge

Bet Lounge is a unique community interaction concept that gamifies Telegram group chats through a betting bot. We merge gambling, gaming, and financial management in a private social setting, fostering community building and excitement during live events. Bet Lounge allows you and your group to bet on sports, create custom bet pools, host tournaments and much more at your fingertips.

How It Works

It all starts with the bot being added to a telegram group. Once the bot is in, members of that group can then create their own wallet. They are then dm'd the wallet information and keys. Every group will also have an ecosystem wallet which automatically escrows the bets of the group

Bot Integration

Betting System

The bot will have bet pools In mainstream sports/events such as UFC, Football and others of which members can bet on their winners. Future developments will allow users to create custom pools for anything of chance. This opens the opportunity for groups to host their own tournaments, escrow payments/business, gaming bets, secondary bet pools and much more

Once the bets are sent to the ecosystem wallet and the results are in, the ecosystem wallet will then pay out accordingly to the ratio of win pool vs lose pool. This gives an incentive to put money on the underdog or hedge your bets. An example would be a UFC fight. Let's say 20Eth is bet on the title defender and 2Eth on the underdog. If your bet is 50% of the underdog pool (1Eth) that means you can potentially win 10Eth (50% of opposing pool)