Decentralized vs Centralized Gambling....Which do you prefer?

[carlfebz2]

Yes, in decentralized you will really have more freedom and everything that is preached in crypto. However, the centralized website can give you more options and ways to make money. And for me that's what matters most. Because if you want a lot of money betting at one time or another you will have to leave your privacy aside.

Convenience goes above all else. And right now, gamblers have no intention of abandoning centralized casinos. I think decentralized and centralized casinos will co-exist for generations. A gambler will choose a casino depending on his/her needs. If you're living in a country where gambling is illegal, you should seek a decentralized casino that's privacy-focused (no KYC). Otherwise, you should stay on a centralized casino for complete peace of mind.

I sure hope gambling dApps improve to a point where it becomes cost-effective and easy enough to participate on them. Layer-2 seems to be the future for this. Who knows if someday decentralized casinos become as comparable as their centralized counterparts?

Exactly, in certain points both are good, it will just depend on how the player wants to use that casino. But normally the centralized one will always come out ahead because it is more complete and offers more earning and gaming options.

The things i do like when dealing with centralized casinos..

1. Tons of coins that could be used
2. You could make some possible fiat deposits(on some)
3. Instantaneous results and not that hash types kind of betting or some sort
4. Different bonuses and perks
5. Have active supports
6. Different games variations and types

Its centralized but it is really that something being outweighed with those benefits or factors on which you could really be able to deal off with it.
Although it would really be that a matter of choice of a certain gambling. You could be always have the choice.

[1715246669]

1715246669

[1715246669]

1715246669

[1715246669]

1715246669

[1715246669]

1715246669

[1715246669]

1715246669

[moneystery]

This have to depends on what we want, if we are interested in giving out private informations to their platform and don't mind the consequences that may come after, we can decide to use a centralized gambling platform which requires for KYC, but when we see that we cannot afford to loose our privacy with the level of the informations they will be requesting, we can then maintain with the use of a decentralized gambling platform, this should at least lessen the stress many gamblers are having as difficulties in using a KYC gambling platform.

it is true that gamblers who want to avoid using kyc can choose decentralized casinos, but the problem is that decentralized casinos often have problems, especially when players win big, there is a possibility that they will avoid it, can players accept that risk? it is their choice. but i personally prefer playing at centralized casinos, even though they charge kyc to their players, but that doesn't matter as long as they are regulated and have been used by many people.

[macson]

Centralized, because decentralized (and I mean truly decentralized) means that there is no central power that can fix things when they go wrong, so if you face a trouble then you are all on your own and there would not be anyone that can help you with that. I personally suggest not having anything like that, it would not benefit you or anyone else.

Just go with centralized and that means if you ever face with anything, or any problems with the casino or basically any issues in general, then you just contact their support, if they do help you and fix it then it is a good casino and if they don't then it is a bad casino. Of course there are bad centralized ones, you just gotta pick the good ones and go with them eventually.

i agree with you, currently the concept of decentralized casinos is very difficult to implement, especially since there is still the potential for cheating or bugs here and there, so just use a centralized casino which is safer than a decentralized casino.   i'm sure everyone who gambles has experienced small problems such as betting disruptions, network disruptions and withdrawal/deposit disruptions, when we play at a centralized casino, we can complain to them.

[dezoel]

Centralized, because decentralized (and I mean truly decentralized) means that there is no central power that can fix things when they go wrong, so if you face a trouble then you are all on your own and there would not be anyone that can help you with that. I personally suggest not having anything like that, it would not benefit you or anyone else.

Just go with centralized and that means if you ever face with anything, or any problems with the casino or basically any issues in general, then you just contact their support, if they do help you and fix it then it is a good casino and if they don't then it is a bad casino. Of course there are bad centralized ones, you just gotta pick the good ones and go with them eventually.

Are you talking about support? Let me break it up to you since you seem confused, a decentralized casino doesn't mean it wouldn't have a team or anyone to provide customer support, the decentralization is only in the process of betting and the wins and losses which means that you connect your wallet with the balance you want to use, make your bets directly with your balance and if you win, you get the winning amount straight in your wallet which means you don't need to make any deposits or withdrawals.

That doesn't mean you don't get any support if you face some issue. Decentralized platforms have support teams as well, you can contact them if you face problems with the platform or with a bet or anything in general and they will look into it, generally, things should work fine but if there is a bug or something, you can ask them to check it.

[Abiky]

The things i do like when dealing with centralized casinos..

1. Tons of coins that could be used
2. You could make some possible fiat deposits(on some)
3. Instantaneous results and not that hash types kind of betting or some sort
4. Different bonuses and perks
5. Have active supports
6. Different games variations and types

Its centralized but it is really that something being outweighed with those benefits or factors on which you could really be able to deal off with it.
Although it would really be that a matter of choice of a certain gambling. You could be always have the choice.

Speaking of Fiat deposits, I've always wondered why decentralized gambling dApps don't accept stablecoins tied to the value of USD. I think it's because developers fear strict government regulations, and don't want to be charged for encouraging money laundering and/or tax evasion. After all, stablecoin transactions are KYC-free (if I'm right). USDT and USDC would've been great options for decentralized gambling. For the paranoid, DAI is even better because of its truly-decentralized design.

While some decentralized casinos struggle with high network fees and a terrible user experience, L2 chains could be the solution to all of their problems. Would you imagine betting at the speed and cost-efficiency of a traditional centralized casino without the added risk? This could be the future of the gambling industry. No matter how far decentralized casinos go, they will never get to replace their centralized counterparts. I'm fine with that as long as gamblers have a choice.

[Wakate]

This have to depends on what we want, if we are interested in giving out private informations to their platform and don't mind the consequences that may come after, we can decide to use a centralized gambling platform which requires for KYC, but when we see that we cannot afford to loose our privacy with the level of the informations they will be requesting, we can then maintain with the use of a decentralized gambling platform, this should at least lessen the stress many gamblers are having as difficulties in using a KYC gambling platform.

it is true that gamblers who want to avoid using kyc can choose decentralized casinos, but the problem is that decentralized casinos often have problems, especially when players win big, there is a possibility that they will avoid it, can players accept that risk? it is their choice. but i personally prefer playing at centralized casinos, even though they charge kyc to their players, but that doesn't matter as long as they are regulated and have been used by many people.

I don't even like decentralized gambling because they charge more fee that is even bigger than the transaction fee and I don't see it funny at all. This is not a good form of gambling for me and I will not choose it to continue since the fee is too high and you will be charged on every single time you attempt to play bet. I have tried decentralized gambling many times and I don't find it to be easy because of the network fee and charges you will keep paying on every bets. This will make the casino to make more profits even though gamblers are winning or losing because of the extra fee.

[Onyeeze]

This have to depends on what we want, if we are interested in giving out private informations to their platform and don't mind the consequences that may come after, we can decide to use a centralized gambling platform which requires for KYC, but when we see that we cannot afford to loose our privacy with the level of the informations they will be requesting, we can then maintain with the use of a decentralized gambling platform, this should at least lessen the stress many gamblers are having as difficulties in using a KYC gambling platform.

it is true that gamblers who want to avoid using kyc can choose decentralized casinos, but the problem is that decentralized casinos often have problems, especially when players win big, there is a possibility that they will avoid it, can players accept that risk? it is their choice. but i personally prefer playing at centralized casinos, even though they charge kyc to their players, but that doesn't matter as long as they are regulated and have been used by many people.

As a gambling person you don't need to avoid or to skip kyc in  gambling platform, it is very necessary for someone who is into gambling to understand the basis of gambling and they its platform before you participate on it, because most of the the platforms of a gambling especially the casino platforms of gambling requires more kyc before you can be able to make a withdrawal but they can also leave you as their participant to deposit without verifying your account but when you win they will not allow you to withdraw what is your account based on they have not done your kyc, if you are avoiding a kyc verification of your account in any gambling platform you should also avoid the gambling because all casinog gambling platform demands for kyc.

[LUCKMCFLY]

It is a fact that things are like this, from the casino you mention I could only recommend Bitcasino, in their wallet connection and everything, in Betfury they have problems with the gold people, note that it is not a casino that answers questions and requests from the eprosnas in the forum, which seems very rude to me, on the other hand, bitcasino.io is a casino that has very good acceptance, it is one of the most anti-UPs and they have a great capacity to do things well, decentralized casinos are the target and Eye of the governments, they have not been able to get their hands on it, so if you register and manage to enjoy, well I'm just telling you to enjoy while you can, because it won't. It will take a long time for a resolution to come out where they say that they will be able to take He controls or has power over the casino is decentralized only because of the blessed KYC problem.

That's the casino that I knows and I used before. Yes, I recommended Bitcasino too as what you said because I have a good experience using their site, whether having an account or using my wallet. But unfortunately, I don't used it for some time so I think there were a changes on the site which people needs to search by visiting on their ANN to knows for more last update information. Their site is an old site which have reputation like the other old sites such as Stake, Duelbits, and others. That will depends on convenience that people wants to search because playing gambling must have convenient to staying at the site. Whatever it is, whether it's a decentralized or centralized casino will be in under of the eye of the governments so people must be aware to find what casino sites that they will used to playing gambling.

Yes, it is actually a very good site, and 100% reliable, I haven't been to your thread Ann for a long time, but the changes they make are very good and what I like is that they always please their community, it's something like stake.com, which is almost a family with its community, so you have to do things in a very peculiar way, I think that for one to play in a casino one must feel good and comfortable with the site, and these platforms are clear about it , that is my perception, now the trust and authenticity is unique, but for me it is a casino that offers entry hrough the wallet and that for me means decentralization, so this casino has taken giant steps, well I see it that way .

When we are in a safe place we make a deposit and if we win we are sure that they will give us our money, so I am satisfied.

[Pumared]

This have to depends on what we want, if we are interested in giving out private informations to their platform and don't mind the consequences that may come after, we can decide to use a centralized gambling platform which requires for KYC, but when we see that we cannot afford to loose our privacy with the level of the informations they will be requesting, we can then maintain with the use of a decentralized gambling platform, this should at least lessen the stress many gamblers are having as difficulties in using a KYC gambling platform.

it is true that gamblers who want to avoid using kyc can choose decentralized casinos, but the problem is that decentralized casinos often have problems, especially when players win big, there is a possibility that they will avoid it, can players accept that risk? it is their choice. but i personally prefer playing at centralized casinos, even though they charge kyc to their players, but that doesn't matter as long as they are regulated and have been used by many people.

As a gambling person you don't need to avoid or to skip kyc in  gambling platform, it is very necessary for someone who is into gambling to understand the basis of gambling and they its platform before you participate on it, because most of the the platforms of a gambling especially the casino platforms of gambling requires more kyc before you can be able to make a withdrawal but they can also leave you as their participant to deposit without verifying your account but when you win they will not allow you to withdraw what is your account based on they have not done your kyc, if you are avoiding a kyc verification of your account in any gambling platform you should also avoid the gambling because all casinog gambling platform demands for kyc.

But at one time or another you will have to do KYC. So imagine that you start to get literally everything right and you will need to withdraw this money. If you want to spend an hour or two on it, you'll have to show where it came from. So do this on trusted platforms! I recommend the BK8

[carlfebz2]

This have to depends on what we want, if we are interested in giving out private informations to their platform and don't mind the consequences that may come after, we can decide to use a centralized gambling platform which requires for KYC, but when we see that we cannot afford to loose our privacy with the level of the informations they will be requesting, we can then maintain with the use of a decentralized gambling platform, this should at least lessen the stress many gamblers are having as difficulties in using a KYC gambling platform.

it is true that gamblers who want to avoid using kyc can choose decentralized casinos, but the problem is that decentralized casinos often have problems, especially when players win big, there is a possibility that they will avoid it, can players accept that risk? it is their choice. but i personally prefer playing at centralized casinos, even though they charge kyc to their players, but that doesn't matter as long as they are regulated and have been used by many people.

As a gambling person you don't need to avoid or to skip kyc in  gambling platform, it is very necessary for someone who is into gambling to understand the basis of gambling and they its platform before you participate on it, because most of the the platforms of a gambling especially the casino platforms of gambling requires more kyc before you can be able to make a withdrawal but they can also leave you as their participant to deposit without verifying your account but when you win they will not allow you to withdraw what is your account based on they have not done your kyc, if you are avoiding a kyc verification of your account in any gambling platform you should also avoid the gambling because all casinog gambling platform demands for kyc.

But at one time or another you will have to do KYC. So imagine that you start to get literally everything right and you will need to withdraw this money. If you want to spend an hour or two on it, you'll have to show where it came from. So do this on trusted platforms! I recommend the BK8

The only issue that you would really be only be having in centralized platforms which it isnt limited to gambling or casinos is that there would really be some potential ask out of some documents for verification
specially when it hits up a threshold specially on withdrawal but as a gambler or making some big wins, then you would really be that still in doubt and skeptical on submitting on whats been asked? For sure 99.9% of those winners would really be definitely be submitting on whats been asked and would really be getting entirely the amount that they could really be able to do so. Personal identification wont really be that much of an issue if we do speak about big winnings. Its understandable that this market or space doesnt really like any asking out for some documents or something that opposes up decentralization but since
everything could really be that changed up overtime or subject into those kind of changes then there's nothing we can do about it.

[Pumared]

This have to depends on what we want, if we are interested in giving out private informations to their platform and don't mind the consequences that may come after, we can decide to use a centralized gambling platform which requires for KYC, but when we see that we cannot afford to loose our privacy with the level of the informations they will be requesting, we can then maintain with the use of a decentralized gambling platform, this should at least lessen the stress many gamblers are having as difficulties in using a KYC gambling platform.

it is true that gamblers who want to avoid using kyc can choose decentralized casinos, but the problem is that decentralized casinos often have problems, especially when players win big, there is a possibility that they will avoid it, can players accept that risk? it is their choice. but i personally prefer playing at centralized casinos, even though they charge kyc to their players, but that doesn't matter as long as they are regulated and have been used by many people.

As a gambling person you don't need to avoid or to skip kyc in  gambling platform, it is very necessary for someone who is into gambling to understand the basis of gambling and they its platform before you participate on it, because most of the the platforms of a gambling especially the casino platforms of gambling requires more kyc before you can be able to make a withdrawal but they can also leave you as their participant to deposit without verifying your account but when you win they will not allow you to withdraw what is your account based on they have not done your kyc, if you are avoiding a kyc verification of your account in any gambling platform you should also avoid the gambling because all casinog gambling platform demands for kyc.

But at one time or another you will have to do KYC. So imagine that you start to get literally everything right and you will need to withdraw this money. If you want to spend an hour or two on it, you'll have to show where it came from. So do this on trusted platforms! I recommend the BK8

The only issue that you would really be only be having in centralized platforms which it isnt limited to gambling or casinos is that there would really be some potential ask out of some documents for verification
specially when it hits up a threshold specially on withdrawal but as a gambler or making some big wins, then you would really be that still in doubt and skeptical on submitting on whats been asked? For sure 99.9% of those winners would really be definitely be submitting on whats been asked and would really be getting entirely the amount that they could really be able to do so. Personal identification wont really be that much of an issue if we do speak about big winnings. Its understandable that this market or space doesnt really like any asking out for some documents or something that opposes up decentralization but since
everything could really be that changed up overtime or subject into those kind of changes then there's nothing we can do about it.

I understand your point, but how do you want to make money and at the same time not declare it? You will bet online and win a lot of money, however, when withdrawing you will need to declare that when spending too. So, in any case, centralized systems tend to be better.