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Spread lands on the least-contested tiles first (best value), matching the round-spread model. Figures are live from the Satstats API and update as you type.
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Strikes fire on 1 in 1,439 rounds, with no timer and no threshold. When one hits, 70% of the built-up pot is split across the winning tile pro-rata to stake. Concentrating on fewer tiles shrinks your chance of being on the winning tile but fattens your slice when you are. This is the per-strike prize, not an average per round.
Only the 1.42% protocol rake actually leaves. The round pot goes to winners, the 12% sats slice comes back to you as claimable bitcoin (realising ~14% right now), and the vault fees are redistributed through the strike / epoch / one-BTC draws. That is why the deposit drains slowly in value even as the USDC balance falls faster.
Runtime tracks the USDC bankroll being drawn down by the skim + pari-mutuel loss. It does not count the claimable SATS/BTC or hashrate you bank on the side (shown above) — in value terms those bring you close to break-even. Covering all 21 tiles is the slowest burn; concentrating burns faster but swings bigger.