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

[Abiky]

Thanks to the inception of smart contracts, we can now enjoy decentralized gambling in a provably fair way. I've used a few gambling dApps in the past, and the experience was great. Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

[1714561512]

1714561512

[Quidat]

Never, we do like decentralization but there are other things which centralized ones is far more better when it comes to the user experience that it gives compared into the counterpart.

Yes, it does have that kind of advantage on which we do know that when it comes to fairness of bets which could be seen plus having that security of your funds since it is really that directly
made out those tx on your wallet but when it comes on how fast these actions to be executed are really that too sloppy in compared into those casinos that we do have today.
We do know that gamblers are really that impatient beings on which having those delays is never been that appealing into their taste.

This is why i do believe that Centralized would really be still that more in demand compared to Decentralized ones but i dont see anything wrong
if both things will really be on existence on which you do at least have the option for you to choose on.

[nelson4lov]

Let's assume that gas fees and confirmation times are negligible. I'm still somewhere in between centralized and decentralized platform. The reason for this is because, with centralized platforms, you know what kind of service you will be getting unlike decentralized gambling platforms that comes with inherent smart contract risks. So it's a case of "The devil you know is better than angel you don't know".

The second reason is because decentralized gambling platforms still have a long way in terms of user experience. I wanted to play recently at a web3 gambling platform on zksync recently and they didn't have good games and most fixtures in sports section were not confirm and very few features. There are other shortcomings so I'd still stick with centralized platforms in the interim.

[alani123]

I prefer centralized gambling because from what I've seen decentralized contracts keep getting hacked over and over. If you check rekt.news it's just crazy.
Also there's other disadvantages. Decentralized transactions can get stuck, or suffer from very expensive fees like on ethereum for instance. So it's really counter intuitive to gamble on most platforms.

Also because of how centralized Web3 wallets are, it's easy to get hacked and not even notice it. Don't forget the Ledger web3 connector hack, that happen through just a github compromised account. It's crazy how weak the security of supposedly decentralized web3 infrastructure.

[Casdinyard]

Thanks to the inception of smart contracts, we can now enjoy decentralized gambling in a provably fair way. I've used a few gambling dApps in the past, and the experience was great. Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

Personally, having decentralized gambling platforms and dApps become part of my guilty pleasures in life. Just knowing that there's no one who's really in charge of everything while having full-access to every great thing I loved about gambling and cryptocurrencies in general has put me in so much ease.

Centralized casinos like stake aren't so bad as well as some people make it out to be. Having some central governing body works well for a platform that dabbles with gambling and currencies since you can confide with these entities' customer support and assistance when shit hits the fan and you need help, something that you really can't find in a decentralized casino, at least last I checked. Not to mention the safety of the casino itself financially-speaking since most of these centralized casinos are more often than not backed up with millions upon millions of reserve assets for when they need to go liquid, again, something you can't really expect from a regular decentralized casino. However, in the grander scheme of things, decentralized casinos are more future-proof, safer, and more comfortable to use, and one great thing about them is that you don't need to knock on your casino's founder's doors to get your voice out and be heard, decentralized casinos are governed by the people for the people so features and perks you would want to see would have a great chance of being implemented provided that there are a great deal of people out there who wishes for the same thing.

[Nwada001]

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

They might drag to replace one another, but to me, they are both very important.

A centralized casino has the disadvantage of having privacy and funds frozen, and most times games are manipulated, but they still have some of the best options in terms of game selection, which might be difficult to encode in a decentralized casino.
 
Among all the dapp casinos I have come across, I don't think I have seen anyone with sportbook games enabled on them.
 
Decentralized casinos offer a bit of fairness; you don't have to worry about KYC accounts being frozen, but in terms of manipulation, I still believe any casino that wants to do that can also do it in the background.

[PytagoraZ]

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

Currently I use centralized gambling sites more often, perhaps just because of habit. One of the decentralized gambling sites is metawin, and metawin was my first experience using a decentralized web3 gambling site

I think in the future it will be more popular to use decentralized gambling sites because they are more anonymous and usually do not require KYC for small amount gambling. I will also probably switch to a gambling site that uses the web3 system and I will start with metawin. Of course there are advantages and disadvantages between centralized and decentralized gambling sites and now is the time for web3 gambling sites to start appearing, time will tell which is the best between the two.

[carlfebz2]

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

They might drag to replace one another, but to me, they are both very important.

A centralized casino has the disadvantage of having privacy and funds frozen, and most times games are manipulated, but they still have some of the best options in terms of game selection, which might be difficult to encode in a decentralized casino.
 
Among all the dapp casinos I have come across, I don't think I have seen anyone with sportbook games enabled on them.
 
Decentralized casinos offer a bit of fairness; you don't have to worry about KYC accounts being frozen, but in terms of manipulation, I still believe any casino that wants to do that can also do it in the background.

When it comes to swiftness of bets then i could say that those standard casinos that we do have today is far superior i should say specially on some platforms which speed does matter when you do play dice or crash or whatever known casino games that we do have. When it comes to variety and types then we do actually have tons. Trying out to point out on how many decentralized casinos that we do have compared to centralized ones then you could really make out those differences in numbers on which it would really be reflecting out on which one does have the demand and which one does have less but i do agree into those points
above that having both things is better on which we do have the options for us to take.

Preference would really be just that depending on which one you would really be tending to deal or choose with. There are ones who are really that much preferring on having that
fast execution of bets rather than on having that total decentralization.

[Wiwo]

I have used decentralized casino Dapp several times and for that, I can say that I still prefer the centralized casinos that we have around and are used to at all times, and switching to the decentralized casino can only offer us one advantage which is just privacy but aside from that,  the decentralized gambling is a new tool that has not yet enjoyed high patronage from the gambling community a d that is due to its complexity and other factors that come along with the usage of Dapp.

So for sure many of us will still prefer the centralized gambling platforms vs decentralized ones per se just like many will choose centralized exchange as against decentralized exchange due to factors like low volumes and other features that are lacking in the decentralized service.

[SmartGold01]

For some obvious reasons centralized gambling platform still remains the best for me despite it complications during kyc's I still find it enjoyable than decentralized gambling platform, most time due to wallet security issues it could be hard for many people to associate their wallet with although there are some web3 gambling site where one need to create account and generate address for deposit if the bettor doesn't have comfortability of associating his address. Most at times while gambling with the Centralized platform you have this freeness or Joy having a clear view of what you are doing and there is no much game restrictions unlike the decentralized platforms.

[Oshosondy]

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

No. You can see how web3 wallets are common but decentralized web3 casinos are not common. Few come to this forum and few are existing and they are not common and successful as centralized casinos. I think people care more about reputation of a casino and nothing more than that, just like traditional casinos.

[Slow death]

When I choose a casino I use only two criteria: the casino must be trustworthy and has a good reputation over the years and the casino must have a license and respect the annoying laws of governments, I'm talking about KYC. so as much as I hate kyc I still prefer to use the old reliable casinos that ask for kyc. Then I see if the casino has an option to deposit in bitcoin or litecon or usdt. Now talking about decentralized casinos, I personally have never used any decentralized casino, of the decentralized casinos that I could see here on this forum, in my opinion they did not inspire confidence in me, they were unlicensed casinos, with very strange casinos, with few football games, so I I looked at these decentralized casinos and wondered how long it would take for governments to seize them and be accused of operating without a license and money laundering.

Another constraint that I saw in the decentralized casinos that came on this forum was the fact that they did not have bitcoin or litecoin as deposit options, so I definitely will not use decentralized casinos, but in my opinion I cannot understand how they intend to be decentralized when in this market they are obliged to have a license and do kyc and this implies that there is an employee collecting data from people, be it documents or observing the origin of funds and probably in the future online casinos will be required to do more things from governments, maybe I'm wrong, but this idea decentralized casino may not have a good long-term future

[alegotardo]

Thanks to the inception of smart contracts, we can now enjoy decentralized gambling in a provably fair way. I've used a few gambling dApps in the past, and the experience was great. Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

So... In recent months we have really had a huge rise in decentralized sports betting sites, mainly, many of them were born from ICOs and made a lot of money from "investors", or rather... speculators.

Another niche that is growing a lot are games based on Telegram, a few months ago I was even surprised by the possibility of automation that is now possible by combining smart contracts and bots.

My opinion is that we are still a long way from having the same experience, accessibility and diversity of games that centralized casinos offer, but decentralized games are already a viable alternative and should gain more and more space.

[blckhawk]

They're still both requiring KYC so I don't really like to choose any of them, my pick would probably go to the one that's got more enjoyability and the experience in playing there isn't stressful despite the losses because of the bonuses. That's my pick and I either haven't seen this kind of casino before or I stick to one or two whichever I felt like playing that day. As much as the decentralized got the advantage of an improved provably fair games, I think that experience will always be a factor to me and maybe how easy it is to register/create an account on their website.

[Rruchi man]

Which do you prefer? Centralized or decentralized gambling?

I have not had a proper experience of decentralized gambling, so I cannot really choose centralized gambling platforms over it as my preference. To have a preference one must have had a proper experience of gambling on both platforms.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why?

I do not see decentralized gambling completely replacing centralized gambling, because there will always be people who love centralized gambling, but the thing is that an alternative form of gambling will exist. It will provide another gambling option.

[AmoreJaz]

So... In recent months we have really had a huge rise in decentralized sports betting sites, mainly, many of them were born from ICOs and made a lot of money from "investors", or rather... speculators.

Another niche that is growing a lot are games based on Telegram, a few months ago I was even surprised by the possibility of automation that is now possible by combining smart contracts and bots.

My opinion is that we are still a long way from having the same experience, accessibility and diversity of games that centralized casinos offer, but decentralized games are already a viable alternative and should gain more and more space.

I don't think decentralised casinos will replaced the centralised ones, not in the next couple of years at least. The gap is quite wide and I don't think many gamblers will opt for decentralised gaming but who knows, right?

These for me, are just few considerations on why most gamblers will stick to centralised gambling sites -
> most are licensed, and so the feeling that they are running legit will always be there, decentralised usually doesn't need to be licensed
> can easily reach their support, at least for centralised casinos that i know of
> familiarity of the payment method, a lot gamblers still don't know how to transact with eth and other chains
> hard to go out of their comfort zone

Though there are several advantages of decentralised gambling, such as you can play anonymously, lower fees, few to none when it comes to regulation protocols, no central authority, however, some will keep playing on centralised just like many people will stay with traditional banking method.

[topbitcoin]

Indeed this could offer the potential for a better gambling experience than before, allowing every transaction and bet to be openly monitored. So this can minimize manipulation and fraud which can harm us as bettors. and while it is true that fuel costs are relatively high, and can be a limiting factor, this is natural because for the sake of change at least we have to spend a lot of money, alternative scaling and chain solutions promise increased efficiency and reduced costs in the future.

And personally as a user, I think the choice between centralized and decentralized gambling dApps will come down to personal preference. Because it relates to each individual's risk tolerance and priorities. Apart from that, this is also related to a person's comfort and safety when placing a bet.
In my opinion, it's like that, because maybe everyone has their own reasons and views regarding this matter, because different heads mean the content of their thoughts will be different too.

[retreat]

Centralized or decentralized gambling?

But I prefer centralized gambling platforms, because usually the services they offer are more reliable, safe, and licensed directly under the gaming authority. So it can provide safe and fair gambling services to players. However, that doesn't mean that I don't really like decentralized casinos, it's just that for long-term use I prefer playing at centralized casinos which have a safer system for the players.

[danherbias07]

That means no more bonuses too, right? I have not tried any decentralized online gambling sites/casinos yet so I have no idea about it.
If ever one comes out and makes the trend then I might try it. But right now, I am satisfied with centralized gambling sites because of their promos and other features that they offer.
I have not seen myself yet just switching that fast, but if I do enjoy it and their games are as broad as what centralized gambling sites offer then I'd probably use them more.
I do like privacy but it's not like 100 percent security unlike how it is with popular online casinos. Yes, they have KYC which I do believe is a con for those who don't like giving out their information but still, if they are reputable online casinos, I don't think they will just leak it out, and it is also for the business protection to avoid being shut down by the government they are under.

[Poker Player]

But I prefer centralized gambling platforms, because usually the services they offer are more reliable, safe, and licensed directly under the gaming authority. So it can provide safe and fair gambling services to players. However, that doesn't mean that I don't really like decentralized casinos, it's just that for long-term use I prefer playing at centralized casinos which have a safer system for the players.

The same happens to me. I prefer fiat sites to play poker and, apart from the fact that there is better software and traffic on them, I don't see what advantage playing poker on a crypto decentralized site could give me. A decentralized system does not always have to be better. And I don't think that in this case it is any advantage to prevent collusion.