how baozi works: complete beginner guide
everything you need to know about prediction markets on solana. pick a market, bet yes or no, win big if you're right.
tl;dr
- 1.pick a market (sports, crypto, esports, etc.)
- 2.bet YES or NO with SOL
- 3.if you're right, you split the losing side's pool!
- 4.claim your winnings after the event
fee: 2.5% only on winning bets
quick example
your 10 SOL * (150 total / 50 NO pool) * 0.975 fee = 29.25 SOL
how to place a bet
connect wallet
use phantom, solflare, or any solana wallet. you'll need SOL for betting.
choose a market
browse active markets. look for events you have insight on - sports, crypto, esports.
pick YES or NO
click your prediction. enter how much SOL you want to bet (min 0.01 SOL).
confirm transaction
approve in your wallet. your bet is now locked until the event resolves.
faq
what happens if i bet on both sides?
you can! but it usually guarantees a small loss due to fees. pick one side for max potential gains.
can i cancel my bet?
no, bets are final once confirmed. this ensures fairness for all participants.
how are markets resolved?
admins verify real-world outcomes from trusted sources and resolve within 24-48 hours after the event.
is there a minimum/maximum bet?
minimum: 0.01 SOL. maximum: 100 SOL per transaction.