Transaction Process

This document explains the technical process of transactions on the Bettors platform, from initiation to confirmation.

Transaction Flow

When you place a bet on Bettors, the following process occurs:

1. Bet Initiation: You select a prediction and position (For/Against) and enter an amount

2. Transaction Creation: The platform creates a Solana transaction with two instructions:

   • Transfer 99% of bet amount to the betting pool

   • Transfer 1% platform fee to the fee wallet

3. Wallet Prompt: Your connected wallet prompts you to approve the transaction

4. On-chain Execution: Upon approval, the transaction is sent to the Solana network

5. Confirmation: The platform waits for network confirmation

6. UI Update: The betting UI updates to reflect your new bet

Technical Implementation

Transaction Construction

// Sample code showing how transactions are constructed
const poolTransferInstruction = SystemProgram.transfer({
  fromPubkey: publicKey,             // Your wallet
  toPubkey: poolPublicKey,           // Betting pool address
  lamports: poolAmount               // 99% of bet amount in lamports
});

const feeTransferInstruction = SystemProgram.transfer({
  fromPubkey: publicKey,             // Your wallet
  toPubkey: feeWalletPublicKey,      // Platform fee wallet
  lamports: feeAmount                // 1% of bet amount in lamports
});

const transaction = new Transaction();
transaction.recentBlockhash = blockhash;
transaction.feePayer = publicKey;
transaction.add(poolTransferInstruction, feeTransferInstruction);

Lamports Conversion

All Solana transactions use lamports (the smallest unit of SOL):

• 1 SOL = 1,000,000,000 lamports

• Example: 1.5 SOL bet = 1,500,000,000 lamports

Transaction Fees

When betting on Bettors:

• You pay a 1% platform fee on your bet amount

• You also pay standard Solana network transaction fees (typically <0.00001 SOL)

• Ensure you have sufficient SOL to cover both your bet and transaction fees

Transaction Status and Notifications

The platform provides real-time feedback on transaction status:

1. Processing: Shown while the transaction is being processed

2. Success: Notification appears when the transaction is confirmed

3. Failure: Error message with reason if the transaction fails

4. Declined: Notification if you decline the transaction in your wallet

Transaction Finality

Solana transactions typically reach finality within seconds. On Bettors:

1. Your bet is considered placed once the transaction reaches finality

2. The UI updates immediately to show your bet's impact on pool dynamics

3. Your bet is recorded in the platform database for tracking in "My Bets"

Error Handling

Common transaction errors and resolutions:

Error	Description	Resolution
Insufficient funds	Wallet lacks SOL for bet + fees	Add more SOL to your wallet
User rejected	Transaction declined in wallet	Re-initiate the bet if desired
Timeout	Transaction took too long	Try again with a new transaction
Network error	Connection issue with Solana	Check network status and retry

Transaction History

All your betting transactions can be viewed:

1. In the "My Bets" section of Bettors

2. In your Solana wallet's transaction history

3. On Solana block explorers by searching your wallet address