BetLong FAQs

What is BetLong and how does it work?

BetLong is an innovative platform that combines traditional sports betting with financial trading principles. It allows users to invest in football or basketball teams at specific prices, which fluctuate throughout the season based on team performance. Unlike traditional betting, users can make a profit by buying and selling team stakes. As with all gambling products, BetLong is not risk-free and outcomes are not guaranteed.

What makes BetLong different from traditional sports betting platforms?

BetLong differs from traditional betting platforms where users simply select odds and place a bet. Instead, users buy shares in a team at a certain price. If the team performs well, the share price increases; if performance declines, the price decreases. Users can monitor their portfolio, adjust positions during the season, and optionally use leverage to increase exposure. Please note that using leverage also increases potential losses.

How do users perform transactions on BetLong, and is there any market influence such as supply and demand?

All transactions on BetLong are executed directly with the platform, not between users. This ensures secure, real-time execution and prevents market manipulation. Team prices are influenced solely by team performance and match outcomes. Supply and demand do not affect prices.

Which sports are supported?

BetLong currently supports football and basketball. Additional sports may be added gradually in the future.

Does BetLong charge a commission when buying or selling team stakes?

No. BetLong does not charge a commission for buying or selling team stakes.

I want to buy stakes in listed teams. How is the stake price determined?

Stake prices are determined based on a team’s performance in its respective league within the sports categories available on the platform. After each match is completed, the team’s price is updated. Before a match starts, the platform displays the potential post-match prices for different possible outcomes.

How are prices determined? Is the system fair?

Prices are automatically updated using real match data such as wins, goals scored, and other performance indicators. Before a match begins, users are informed of the potential returns associated with different outcomes. Prices are not influenced by supply and demand, ensuring a transparent and fair system.

What is leveraged betting? Is it risky?

Leveraged betting allows users to increase their exposure by selecting a leverage factor (for example, 3×). With 3× leverage, a 10% price movement would result in a 30% gain or loss. While leverage can amplify potential profits, it also increases potential losses. Users should select leverage levels carefully based on their risk tolerance. Negative balances are not possible—maximum loss is limited to the initial investment.

Where can I view my open bets and transaction history?

You can track your open positions, including currently held stakes and unsettled bets, on the My Bets page. All buy, sell, and leveraged transactions are available in the Transaction History section.

Do I have to hold BetLong positions until the end of the season?

No. BetLong positions can be bought and sold at any time during the season. After each match, prices are updated based on team performance, and users may choose whether to hold or sell their positions. Positions do not need to be held until the end of the season unless the user chooses to do so.

When can I withdraw funds from BetLong?

Funds from BetLong positions can be withdrawn once positions are sold and settled. After a position is closed, the resulting balance becomes part of your account balance and is subject to standard withdrawal rules.