The Rise of Decentralized Autonomous Sportsbooks

[nitrobetting]

Things change quickly in the cryptocurrency industry, which is why one of the most relevant advancements when it comes to crypto betting platforms is the rise of decentralized autonomous sportsbooks (DAS).

A crypto betting platform and a decentralized autonomous sportsbook can bet the same thing or two different things. An online sportsbook could allow sports bettors and casino gamblers to fund their accounts with cryptocurrencies. That doesn’t make them a DAS.

What is a DAS, and why should all gamblers consider opening an account with a decentralized, autonomous sportsbook? Check it out.

Decentralized autonomous sportsbook key features
Below are the key features that makes a decentralized autonomous sportsbook different from a traditional online sportsbook that accepts cryptocurrencies.

Transparency

All transactions, including every single bet, deposit, and withdrawal, are recorded on the blockchain, making them verifiable and transparent.

Trustless System
There is no central entity like a credit card organization. DAS operators and gamblers rely on smart contracts and the codes and algorithms embedded in those smart contracts.

Anonymity
DAS provides anonymity that’s not available via traditional online sportsbooks. If privacy is a concern, then a decentralized, autonomous sportsbook is for you.

Global Accessibility
Anybody with an internet connection can join a DAS. Your geographical location doesn’t matter.

Reduced, Often Zero, Fees
Because there is no centralized authority, fees are much lower to fund and withdrawal, and DAS bettors take advantage of reduced juice and higher payout casino games. In many cases, there are no fees to fund or withdrawal.

Read more→ https://nitrobetting.eu/guides/rise-of-decentralized-autonomous-sportsbooks/

[Oshosondy]

I have visited your gambling site before but what I noticed was that it is a centralized gambling site and there is nothing that is decentralized about it.

There are gambling sites that are offering deposits and withdrawal in crypto but that does not mean that they are decentralized because the gamblers are sending the coins to the casinos and bookies crypto address.

[Eternad]

The problem on this DAS is the authenticity of smart contracts. Not all gamblers can read and understand the smart contract code to verify if the code use is correct or not because a scam casino can change the smart contract anytime right when they are already planning to scam and leave players.

This is why centralized casino is still the best because they are licensed and has a reputation to protect unlike DAS although smart contract based is still subjective with trust since normal players can’t verify smart contract code unless it was audited by reliable smart contract auditors.