Betomania - Trading Tournaments app for iPhone and iPad

Betomania is a thrilling game of strategy that allows you to play the markets, invest and win “golden Betomania chips” and other rewards in real time. Gamers compete against each other for several rounds in a battle to win first place in the game and the pot of winning chips. Certain tournaments within the game will have winners in 1st, 2nd and 3rd place; others will have one ultimate victor.


The Game:
The Game Lobby features a variety of playing options, where players can choose the type of game they wish to play. The Game Arena itself displays live and actual graphs of stock market movements of the assets being traded.

Each player commences with a positive balance of 1,000 golden Betomania chips. This is a flat-rate for all players.

Once all seats at the table are full, the game will begin. Players will be shown a specific rate of the asset before the live game starts to place their bets has begun. Once set, players will have 12 seconds to:

Select the amount of chips they want to place in this round
Decide on the direction of the asset.

The aim of the game is to correctly match the bet with the direction of the asset. Will it be higher or lower than the specific rate that was set in this 12 second betting period? The winner bets successfully on the direction in which the asset moves.

After the betting period in which all bets have been made, the graph continues to move for the time of the round, without players control.

At the time when the round has finished, the system will check if the rate of the asset is higher or lower than the specific rate that was set earlier. If a players have bet in the right direction, their betting chips will multiply. Otherwise, their chips will be lost.

For example: If two players bet 300 chips each but both in different directions (one betting up and one betting down), the final result would be that the winning player claims 1,300 chips and the losing player will have 700 chips remaining.

At this point, the game proceeds as the second round repeats the process from the start. Once all of the rounds are completed, the user with the most chips is the ultimate winner of the game (it doesnt matter by how many chips in majority, a simple majority of even 1 is sufficient). After the end of all rounds of the game, the players are directed back to the lobby.

Calculation of prizes:
Each table can contain 3-10 players. All players pay the same entry fee in chips as one another. For example, a table of 10 players each paying an entry fee of 10 chips will create 100 chips as the stake. The House (Betomania) always takes 10% fixed. The remaining 90% are the prizes. Along these lines, if there is one winner, this player will receive the entire 90 chips prize. If there are first, second and third place winners, they will share the prize fund in the following divisions- first place – 60 chips, second place = 20 chips, Third place = 10 chips.