What minimum amount must i bet to cover gas fees?
Last updated
Last updated
When using Pancakswap Prediction as well as BeatBot please keep in mind transaction gas fees can turn your winning strategy into losses if not well understood
The average transaction gas fee as of January 2022 is of around 0.30 USD on the BSC blockchain Network based on the Ychats.com.
User average win can range from 50% to 200 %. Please find below price of gas Fee versus amount bet.
So for example you bet 10 USD, payout on your winning 1.95X . You will make 9.5 USD net winnings so you collect 19.5 USD out of which you need to consider the gas fee for one transaction is around 0.30 USD ( average based on YCharts). Please also remember to take the fee from Pancakeswap.
For each rounds, you will have a gas fee for: One transaction to enter on the rounds
One Transaction for Fees / commission ( Fees), but only if you WIN!
These other transactions are not subject at every round, but need to be understood for your strategy: One transaction to collect your funds, but BeatBot allows you manage this to reduce cost. For example, you can ask BeatBot to autocollect your funds every 5 winning rounds (Auto Collect)
