Bet License

The license for betting.

The difference between a regular racecourse and a fully licensed racecourse is the reward amount received from betting.

Regular racecourses will only receive compensation from the competitor's entry fee.

However, those stadiums that have a betting license, can also earn a share of the commission from their bets, on top of the entry fees. That's why you need a license.

Commission payout on bets.

90% of the fees from betting will return to the winner, and the system will collect all fees.

Then the rewards will be divided into 4 parts.

1. The fees will return to the owner of the racecourse at 0.5%

2. The fees will deliver 0.2% to the system.

3. The fees will be paid to the race winner at a rate of 0.1%.

4. The World Grand Prix Pool will be charged a 0.1% fee.