Is there any gambling site that allows betting directly from the wallet?

[mitchr4]

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?

I used to play at Luckybit, so it was like you expected to bet using your address and get paid using your address too. But Luckbit is now using an account and I don't know if it still applies.

And there is also the Satoshibones game but unfortunately playing using Bitcoin has been removed and replaced with BCH. For altcoin there are still dogecoin and LTC.

[cabalism13]

But Luckbit is now using an account and I don't know if it still applies.

That is somewhat risky, letting some other platform to use your wallet? I might not do that, although we know that the purpose is to eliminate fees but still its too risky for they might even charge you anonymously for whatever they think of.
It is not a good idea, IMO. Even though there are many platforms who has this feature, I'd rather not... I'll just go with the old ways of refilling my account instead of using my own wallet.

[DoublerHunter]

But Luckbit is now using an account and I don't know if it still applies.

That is somewhat risky, letting some other platform to use your wallet? I might not do that, although we know that the purpose is to eliminate fees but still its too risky for they might even charge you anonymously for whatever they think of.
It is not a good idea, IMO. Even though there are many platforms who has this feature, I'd rather not... I'll just go with the old ways of refilling my account instead of using my own wallet.

^ Definitely right if you dont trust them yet the site it's good to avoid them and never use. But there is a gambling platform that has a feature like this, this is a have an advantage rather than you deposit your fund directly to the gambling platform wallet. It means you trust them with your fund. If the site is trusted, probably dont use your main wallet, create another one and transfer the amount that you can afford to lose on that day. After you gamble, transfer back again into your main wallet.

[Pmalek]

I have never tried a site like that. I don't really think I would be comfortable importing my private key on a website. What you gain in speed you lose in security by doing that.
If there is nobody to audit the withdrawals how would the site fight against malpractice and rule breakers? It would certainly benefit users but wouldn't be in the best interest for said sportsbook.

[cabalism13]

I have never tried a site like that. I don't really think I would be comfortable importing my private key on a website.

Even without importing your private key, the idea is still risky, especially if we guys are in goo mood t play we migt not know that we've been already using our saved money... AFAIK, in these common cases there are quite some shadh unknown fees that users will not know, ...

[Asuspawer09]

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 played in a lot of gambling websites but never encounter gambling websites that offer this but isn't it dangerous to import your private key to these gambling websites? For sure this could be risky especially if you have big funds in your wallet I would probably not going to do this anyway. But I think if there is a way to directly do gambling in your cryptocurrency wallet without risking your private key I think this is a great thing.

I think the best gambling currency is XRP and ETH since it doesn't have low demand than bitcoin, it could easily process transactions without traffic and very low transaction fees compared to bitcoin.

[Visbay]

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.

To be honest I never saw such a gambling site or any wallet who allow this because we are gambling and we spent a huge amount for our coins that means a lot to us then how can we allow some unknown site to access our wallet and get the payment. It’s not good to provide your blockchain contacts to known sites. So I totally disagree with this idea of gambling.

[MWesterweele]

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.

To be honest I never saw such a gambling site or any wallet who allow this because we are gambling and we spent a huge amount for our coins that means a lot to us then how can we allow some unknown site to access our wallet and get the payment. It’s not good to provide your blockchain contacts to known sites. So I totally disagree with this idea of gambling.

For almost a year in gambling site I never encounter a site that allow to bet through wallet, I dont why but I think its better to not happen because nowadays there's a lot dishonest in business transactions. For me its better to not used our wallet for betting in gambling site to avoid a losing our coins. So if encounter a site that allowing you to used your wallet then stay away from it.

[alani123]

The OP is talking about a decentralized gambling site. Even private key will be used to log in there is no way that the gambling site will have direct access to the wallet. It's like a smart contract. ETH and EOS are fit here. As long as the code was transparent, nothing will be suspicious.

Lol

How you can make sure the website will not store/saved your data went we all input the private key on their website, there is no guarantee the website gives us a information "they will not store the data" probaly could be lied too. I believe no one cassino will be provided an "import private-key" to their website/platform due the security reason, if some casino wan to do accessing your wallet probably they will only used third parties applications like "Metamask" or "Scatter" like whats @LbtalksL say. Just to make sure all the data about your wallet not will be store/saved at the site because we all using third parties apps.

The point of using a smart contract would be that it runs code impartially, verified by the blockchain. It's possible also to have the code visible publicly.
But what is worrying to me, is that if the casino decided to skip their provable fairness checks?

I'd like to know if current implementations also allow for a trustless way for provable fairness to be checked when a bet is made. Can smart contracts do that automatically, or would they need to use a trust based service like an intermediary?

[Lanatsa]

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.

To be honest I never saw such a gambling site or any wallet who allow this because we are gambling and we spent a huge amount for our coins that means a lot to us then how can we allow some unknown site to access our wallet and get the payment. It’s not good to provide your blockchain contacts to known sites. So I totally disagree with this idea of gambling.

For almost a year in gambling site I never encounter a site that allow to bet through wallet, I dont why but I think its better to not happen because nowadays there's a lot dishonest in business transactions. For me its better to not used our wallet for betting in gambling site to avoid a losing our coins. So if encounter a site that allowing you to used your wallet then stay away from it.

You arent aware but there are sites which you can really bet directly and get your winnings directly sent out into your wallet also.

Heres some of it;
https://dappradar.com/rankings/protocol/eth

You can choose different tabs for you to see other blockchains or platforms that do have similar feature.

[Twentyonepaylots]

I have never tried a site like that. I don't really think I would be comfortable importing my private key on a website. What you gain in speed you lose in security by doing that.
If there is nobody to audit the withdrawals how would the site fight against malpractice and rule breakers? It would certainly benefit users but wouldn't be in the best interest for said sportsbook.

Exactly. That's like asking a stranger to look after your important and valuable stuff. Provided that on top of this you indirectly give them full in and out access to your wallet. Which is even worse if your wallet requires a KYC because your information can then be used for fraudulent activities. I don't if it's just me being scared of this but it's better to be safe than sorry. Besides, the only convenience gambling sites that allow you to port your bitcoin or cryptocurrency adress is the ease-of-access. Besides that I don't think they can provide even more incentives than what most sites could. So I don't see the point of gambling on one.

[Latviand]

I am not aware of such gambling sites. Most of the site where I have experienced playing requires a deposit from one of their promotions in which I think is better because it would cost less than directly from the wallets because promotions allows the players to play more than how much they paid for.

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.

To be honest I never saw such a gambling site or any wallet who allow this because we are gambling and we spent a huge amount for our coins that means a lot to us then how can we allow some unknown site to access our wallet and get the payment. It’s not good to provide your blockchain contacts to known sites. So I totally disagree with this idea of gambling.

For almost a year in gambling site I never encounter a site that allow to bet through wallet, I dont why but I think its better to not happen because nowadays there's a lot dishonest in business transactions. For me its better to not used our wallet for betting in gambling site to avoid a losing our coins. So if encounter a site that allowing you to used your wallet then stay away from it.

Well, if that gambling site has license, then there is nothing to be worried of because that's enough to prove the legitimacy of the gambling site itself. But I just don't get the point of people who wants to gamble directly from their wallets because it is not that of a waste of time to deposit because there are gambling sites which would allow you to play within the day of your deposit.