What Is Bettensor?
Bettensor is a sports prediction subnet. The goal of Bettensor is to provide a platform for sports fans to predict the outcomes of their favorite sporting events, and ML/AI researchers to develop new models and strategies to benchmark against good, old fashioned human intelligence and intuition.
Mining on this subnet is simple. In this Beta release, miners receive upcoming games and odds, submit predictions as a simulated wager, and are rewarded for correct predictions upon game conclusion. Compute requirements are minimal for those choosing the human intelligence method - all you need is to consistently submit predictions for upcoming games.
Incentive Mechanism and Scoring
- Miners get a simulated daily balance of $1000 which is reset daily at 00:00 UTC.
- Miners can select games to predict on by placing a simulated moneyline wager.
- Odds for the wager are updated frequently from sportsbook APIs, and recorded by the validator upon submission of a prediction.
- When a game concludes, the outcome of the simulated wager is calculated with the Odds that were recorded on submission. The miner, if they won, then receives an "earnings balance" equal to the simulated wager amount multiplied by the Odds of their prediction at time of submission.
- Losses don't count against the earnings balance. Only wins affect it.
- Validators score miners on their earnings history. There is an exponential decay algorithm used to incentivize new predictions; old predictions decrease in value over time.
- The top 50% of miners receive 90% of emissions. In the future, a few hundred predictions will be required to give a sufficient sample size, but that is not yet implemented.
This design incentivizes the best miners to provide their greatest alpha and be rewarded accordingly.