+1 awesome idea.
Well will the server pay us the bet money?
and if there is no other player watching duel in duel arena will we be able to bet?
if yes then im sure server will pay us am i right?
You can't bet if there's nobody else who's willing to bet, you'll just get refunded.
The server isn't going to pay anything, it should look like this;
Player1 bets $5000 on duelist1.
>$5000 is added to the pool.
Player2 bets 1 ECD on duelist1.
1 ECD gets converted to $10000 and added to the pool.
Player3 bets $12000 on duelist1.
>$12000 is added to the pool.
Player4 bets $6000 on duelist2
>$6000 is added to the pool
Player5 bets $5000 on duelist2
Total of pool: $38000
Duel ensues, duelist2 is the winner.
Player 4 and 5 split the rewards from the pool: $38000-$5000-$6000=$27000 (player 4 and 5 receive their initial bet back as they've won), remaining $27000 gets split to the 2 winners based on the bets they placed.
(Optional) Duelist2 gets rewarded by the server a small percentage (5%) of total cash pool for winning.