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Author Topic: Is there any gambling site that allows betting directly from the wallet?  (Read 634 times)
Lakai01
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January 23, 2020, 04:56:06 AM
 #41

In this particular setup, is this possible? I mean in a decentralized gambling site, the site does not have access to your wallet, right? Unlike the conventional setup in which sites have a server where passwords and usernames are stored.
It solely depends on the contract the site would use to acess your coins. Imagine a contract stating something like "withdraw the amount lost immediatly".
What happens when an error happens and the site whipes your wallet? As long as the user agreed the contract you can do nothing to prevent this.

Usually, no one would accept such a contract ofc, but what if such a rule is "hidden" or masked by a more complex rule?
I am sure a lot of us wouldnt read the contract in detail and just accept it to get a little bit more convinience.

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January 23, 2020, 05:43:03 AM
 #42

I don't think any of such wallets exists. If does exists, the platform must have full access to your wallet, that is it must have access to your private keys. Do you really think your funds would be safe in such case? Someone else having access to your private keys means you are no longer the only sole owner. The gambling site might scam and take away your coins anytime they wish. What is wrong with depositing your coins to an online casino wallet?

On that situation with the gambling site that potentially scam people, I guess it we should trust this kind of deal. Full access on our wallet should be done privately for a desired user, and there's must be no third parties involved.
All I can suggest is never store a deposited coins at casino wallet, use it with definite purpose during the game. If you won, then always make sure you'll withdraw it right away to avoid being scammed.
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January 23, 2020, 06:23:49 AM
 #43

Similar to the concept of DEX or Decentralzied Exchange, is there any gambling site which allows users to import private key and play games directly from their address? Or allows users a wallet on the platform with private keys so that user can withdraw and deposit money into account anytime without the approval of the site representative?

It yes then in which different cryptocurrencies such gambling is offered?

There are few decentralized sites based on tron blockchain which offer you such services of betting directly from wallet. The one I know about is mentioned below at the bottom. I have not myself tried such platforms as I find it risky to give my wallet info with private key attached to it. You can also try EOS gambling daps but they seem to slow and Tron based platform beat them anytime, thats my personal opinion. The link as promised is
https://blockchain-casino-games.com/decentralized-betting-sites/
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January 23, 2020, 07:01:03 AM
 #44

oh there are many gambling places like that but I have forgotten some of them, the last thing I remember is only trx and eos integrated in their wallet (Lynxwallet and Tronlink). try downloading the wallet and feel the bet at there, in general the place of gambling is the same as the others. the advantage is only in the process of instant transactions directly into the wallet when winning bet.

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January 23, 2020, 08:02:36 AM
 #45

I have seen couple sites or decentralized applications with this feature. But I would rather use applications like metamask on such platforms rather than importing my private keys.  I wouldn’t advice the use of private keys on any kind of platform unless you can afford to lose your coin or you're using trusted platforms
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January 23, 2020, 12:08:19 PM
Last edit: January 23, 2020, 05:06:18 PM by kawetsriyanto
 #46

~~ I think they have an ongoing campaign on services go there ~~
Sure. As the name is Decentralized casino, it should have a similarity with Decentralized Exchange. Moreover, you have tried it and found positive results. So, it is undoubted that Earnbet plans something different like allowing the members to play games directly from their address.  Smiley

>Website address: https://earnbet.io/  

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January 23, 2020, 01:11:32 PM
 #47

In this particular setup, is this possible? I mean in a decentralized gambling site, the site does not have access to your wallet, right? Unlike the conventional setup in which sites have a server where passwords and usernames are stored.
It solely depends on the contract the site would use to acess your coins. Imagine a contract stating something like "withdraw the amount lost immediatly".
What happens when an error happens and the site whipes your wallet? As long as the user agreed the contract you can do nothing to prevent this.

Usually, no one would accept such a contract ofc, but what if such a rule is "hidden" or masked by a more complex rule?
I am sure a lot of us wouldnt read the contract in detail and just accept it to get a little bit more convinience.

I am thinking of a smart contract in which everything is verified and eventually implemented using the blockchain. In which case, the gambling site would have no access to your wallet and cannot possibly commit an error wiping your wallet clear up to the last satoshi. There would be no third parties in this case because everything is to be facilitated by the contract in the blockchain.

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January 23, 2020, 01:59:59 PM
 #48

Idea of decentralized exchange is integrating your wallet so you can trade there without actually move funds to exchange but importing means you are giving full control of your wallet to someone which is like giving all funds to gambling site owner and thinks that he won't steal your money.
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January 23, 2020, 03:58:09 PM
 #49

I have seen couple sites or decentralized applications with this feature. But I would rather use applications like metamask on such platforms rather than importing my private keys.  I wouldn’t advice the use of private keys on any kind of platform unless you can afford to lose your coin or you're using trusted platforms

I think this is quite risky if we play on gambling sites by importing private keys, if the site is a new site then you should not try to get involved to be able to play in it because it is likely that the site has the aim to be able to freely access the wallet of the people who have imported it.

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January 24, 2020, 05:30:32 AM
 #50

I am thinking of a smart contract in which everything is verified and eventually implemented using the blockchain. In which case, the gambling site would have no access to your wallet and cannot possibly commit an error wiping your wallet clear up to the last satoshi. There would be no third parties in this case because everything is to be facilitated by the contract in the blockchain.
I think we are on the same boat: it solely depends on the smart contract and how it is implemented.
Nevertheless its definitly more risky to connect your wallet directly to a site compared to a classic deposit.

Additionally, a "natural barrier" is missing. Imagine a situation when you are in a loss streak. It is definitly harder to stop playing when your wallet is directly connected and leading to "unlimited" funds compared to an account balance which becomes sooner than later empty and needs to be refilled via deposits.

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January 24, 2020, 06:18:27 AM
 #51

Sure. As the name is Decentralized casino, it should have a similarity with Decentralized Exchange......
..>Website address: https://earnbet.io/  
I am not sure that's casino can do when we want play with Bitcoin?, as I know Decentralized only available with ethereum only. correct me when I have wrong.
I came to your promoted site, we have to Deposit at least $75 USD to play those games.

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January 24, 2020, 06:27:43 AM
 #52

That is risky, basically you are giving your private key to that gambling website! It might be a less hassle if your balance get's empty and needed it to be refill by depositing again, but the risk for that is very high you can get hacked or simply if the website decided to turn into scam you have nothing to do on that situation. What I suggest is go on gambling website that is accepting XRP and gamble there, XRP sending balance is instant, or you can play to website that doesn't need confirmation when you are going to deposit, so it will be instant also.

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January 24, 2020, 07:38:12 AM
 #53

Similar to the concept of DEX or Decentralzied Exchange, is there any gambling site which allows users to import private key and play games directly from their address? Or allows users a wallet on the platform with private keys so that user can withdraw and deposit money into account anytime without the approval of the site representative?

It yes then in which different cryptocurrencies such gambling is offered?

I dont personally link my wallet to such gambling sites and like to play as anonymous . Thats the beauty of BTC and associated sites of non-KYC requirement . What I have heard from my network , that tron based blockchain and EOS daps provide such services of linking your wallet to gamble. Also , tron is preffered over EOS as it is much faster. I still feel it is risky to link your wallet and provide private keys to such sites.
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January 24, 2020, 07:39:41 AM
 #54

As far as i know, you can play directly from wallet in luckybit. You just need to copy their address and send it amount which they needed to play/gamble. They have plinko games, so once your deposit come thru them, you can watch your bet

I do no think it is the one asked by OP. As per my understanding, OP is looking for a site where he can play/login using his wallet. There were some sites uses this kind of feature but most of then are ethereum based gambling site where users are able to login using metamask. I myself prefer to avoid such sites because I prefer to use common site where I need to send deposit first to my account instead of connecting my wallet to a gambling site.
If I'm not wrong, what's been requested is something similar to the gambling done on directbet which is the most popular gambling site with cryptocurrency acceptance till date. As in the quote sending from a wallet directly to the game is possible with those kind of scripts. If the need is a decentralized one, then it is possible only through the ethereum smart contract which at present isn't much available.

No it is not. Directbet is the same as luckybit as mentioned by janggernaut, they are on chain gambling site where you need to send your bet from your wallet on you get the payout instantly to the wallet you use to send the bet.
Anyway where have you been so far? How can you say that directbet is still the most popular gambling site till date while it is closed since more than 2 years ago?

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libert19
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January 24, 2020, 07:50:06 AM
 #55

All steem casinos offer on-chain betting (yep, this is correct word for what what you are asking), names are epicdice, cupz, kryptogamers. You can use steem keychain with active key imported or steem connect with the same.

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Hippocrypto
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January 24, 2020, 07:58:53 AM
 #56

Similar to the concept of DEX or Decentralzied Exchange, is there any gambling site which allows users to import private key and play games directly from their address? Or allows users a wallet on the platform with private keys so that user can withdraw and deposit money into account anytime without the approval of the site representative?

It yes then in which different cryptocurrencies such gambling is offered?

I dont personally link my wallet to such gambling sites and like to play as anonymous . Thats the beauty of BTC and associated sites of non-KYC requirement . What I have heard from my network , that tron based blockchain and EOS daps provide such services of linking your wallet to gamble. Also , tron is preffered over EOS as it is much faster. I still feel it is risky to link your wallet and provide private keys to such sites.

It can be out own prerogatives on how we're going to trust the site with this idea on exposing such private keys. Personal matters doesn't need to be shared, but in order to make it more safer we shouldn't let our funds be stored for long periods of time. It must be withdrawn right away if you're not playing anymore.
Natalim
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January 24, 2020, 10:35:23 AM
 #57

I haven't found any site that are offering the same, and I think if there's one that offers the same, I would not play with it as I don't want to risk my wallet by putting the private key just to access it. I think why gambling sites are not offering that is because the current format is quite secure and easy to use.

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January 24, 2020, 10:41:38 AM
 #58

Similar to the concept of DEX or Decentralzied Exchange, is there any gambling site which allows users to import private key and play games directly from their address? Or allows users a wallet on the platform with private keys so that user can withdraw and deposit money into account anytime without the approval of the site representative?

It yes then in which different cryptocurrencies such gambling is offered?

My favourite App/blockchain for this purpose is Wagerr : as you can read on their official site https://www.wagerr.com/

Quote
Wagerr uses distributed blockchain technology to execute betting contracts. It escrows stakes, verifies results, and pays out winners. By eliminating central authorities, Wagerr solves the most pernicious problems in the industry. Reducing corruption and risk results in predictable operation. You can bet on Wagerr.

It is completely anonimous, trustless, decentralized  and also offer amongst the best odds in gambling industry.

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January 24, 2020, 01:01:40 PM
 #59

Ok guys! I read all of your replies and understood one thing that what I am looking for is not possible via Bitcoin. Some of you misunderstood what I am looking for. I don't want to share my private keys with the site. Rather I am looking for a site where I can make direct bet without first depositing the balance to site and then automatically receive back money if I win the bet.

I found LuckyBit interesting but still unclear how it works, can someone explain if he has played on LuckyBit already?

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January 24, 2020, 02:24:56 PM
 #60

I haven't found any site that are offering the same, and I think if there's one that offers the same, I would not play with it as I don't want to risk my wallet by putting the private key just to access it. I think why gambling sites are not offering that is because the current format is quite secure and easy to use.

Putting our private keys is somewhat unfair and I don't think this site will be trusted. We have no control over our funds, and yet the gambling site itself has the full authority to manage your funds. This certian idea is biased and I don't have the confidence to deal with this for the amount of crypto which going to used for betting.
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