Our Mission
Baozi enables transparent, decentralized prediction markets where collective intelligence determines probability. We believe in harnessing crowd wisdom to create accurate forecasts for real-world events, with all transactions fully on-chain and verifiable.
How Pari-Mutuel Betting Works
Baozi uses a pari-mutuel betting system — the same model used by horse racing tracks worldwide. Here's everything you need to know.
1The Core Concept
Unlike traditional bookmakers who set fixed odds, pari-mutuel betting pools all wagers together. Winners split the entire pool proportionally based on how much they bet.
YES Pool
All YES bets combined
NO Pool
All NO bets combined
Total Pool = YES Pool + NO Pool → Winners from the correct side split everything
2The Math (Simple Version)
Your Payout = (Your Bet ÷ Winning Pool) × Total Pool × (1 - Fee)
Example:
- • YES Pool: 100 SOL
- • NO Pool: 50 SOL
- • You bet: 10 SOL on NO
- • Total Pool: 150 SOL
- • If NO wins: (10 ÷ 50) × 150 × 0.975 = 29.25 SOL
Your 10 SOL becomes 29.25 SOL — a 192.5% return!
3Dynamic Odds
Odds change in real-time as more bets come in. The percentage shown (e.g., "65% YES") represents implied probability based on current pool distribution.
💡 Pro tip: Betting early on an unpopular outcome that turns out correct = maximum gains
4Why Pari-Mutuel?
No House Edge
You're betting against other users, not the platform. We only take a small fee from winnings.
Fair Price Discovery
Market odds reflect true collective belief — the wisdom of the crowd.
No Counterparty Risk
Funds are pooled in smart contracts. Payouts are guaranteed by the pool itself.
Transparent & Verifiable
All pool sizes, bets, and payouts are visible on-chain in real-time.
The Flow
BET
Pick YES/NO
POOL
Funds combine
RESOLVE
Outcome decided
CLAIM
Winners paid
How It Works
Browse Markets
Explore prediction markets on various topics. Each market poses a yes/no question about a future event.
Place Your Bet
Stake SOL on the outcome you believe in. Your bet goes into a shared pool with all other participants.
Wait for Resolution
When the event concludes, the market is resolved based on the actual outcome.
Claim Winnings
Winners claim their share of the pool proportionally to their stake. Instant settlement, no delays.
Why Choose Baozi
Fully On-Chain
All bets, markets, and payouts are recorded on Solana. Every transaction is transparent and verifiable.
Instant Settlement
No waiting periods. Winners can claim their rewards immediately after market resolution.
Low Fees
Just 1.5-3.5% fee on winnings. No hidden costs, no spreads, no surprises.
Non-Custodial
Your funds are held in smart contracts, not by us. You maintain full control of your assets.
Pari-Mutuel Model
Fair odds that adjust based on total pool participation. Early bettors can capture better odds.
Open Access
Anyone with a Solana wallet can participate. No KYC, no geographic restrictions.
Protocol Details
Connect With Us
Important Notice
Prediction markets involve financial risk. Only participate with funds you can afford to lose. This protocol is currently deployed on Solana Devnet for testing purposes.
Market resolutions are determined by the protocol admin based on verifiable outcomes. While we strive for accuracy and fairness, resolution decisions are final.