Tournament Betting - How It Works
Players compete in tournaments to see who can win the most points from the house or other players.
The winner walks away with the other players’ tournament buy-ins. The house keeps a
percentage for hosting and operating the tournament.
Buy-In - Each player contributes a cash “buy-in” to a prize pool
Wager - Players wager a virtual bankroll of points on a series of outcomes
Win - The players who win the most points collect cash prizes from the pool or earn buy-ins to higher stakes tournaments
The system ensures that there is alaways a public tournament that anyone can join and any player can easily set up their own tournaments and invite their friends.
Benefits
Tournament Betting is an activity that players engage in with their friends - so they keep coming back
time after time. The social aspect also means low marketing costs as players recruit each other.
Because players wager on a large number of games within each contest, Tournament Betting is a
great test of skill as well as being a ‘soft’ option for those who do not wish to engage regularly in
traditional betting.
Exciting – Players get to wager on a large number of outcomes
Social activity – Players run their own tournaments with friends and rivals
Compelling – Skilled game which is easy to learn, difficult to master
Rewarding – Can be structured to reward big prizes to a few or distribute winnings to more players
NBX Tournament Betting Platform
NBX has developed a scalable high-throughput platform which can support any number of sports and bet types extensible by odds and score feeds. The award winning Web 2.0 user interface is surfaced through a system architecture using best-of-breed open source platform components and NBX proprietary software.
Real-time wager and tournament resolution is performed by a highly secure, low footprint transaction management and administration system. Proven by 2 years operational experience of thousands of high volume multiplayer sports betting tournaments involving millions of bets.
Sports currently supported include British, European and FIFA Soccer, NFL and College American Football, NBA and College Basketball, NHL Hockey and Major League Baseball. Additional sports can easily be added to individual requirements.
NBX Services
NBX Services provides a complete turn-key solution including user interface customization, integration with existing payment services, web sites and user profile systems, hosting, operations and customer support. Live support chat and incident management can also be provided.
Custom Home Page
NBX Tournament Betting can be integrated into an existing site or a completely new stand-alone site can be created with it's own custom home page.
Authentic Tournament Sportsbook
The NBX Tournament Sportsbook is implemented using Web 2.0 technologies to give a dynamic, fluid feel to the player. It employs standard betting terminology and up to the minute odds feeds to provide novices and regulars alike with an authentic betting experience.
Easy Tournament Management
A single screen gives players all the tools they need to participate in friend's torunaments, review the past tournaments they have played in and even create their own tournaments.
