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

[un_rank]

I always advocate for the use of decentralized services all the time they are available, but in this case, I prefer to keep it simple. I do not risk too much in gambling so I don't have as much investment in it to dedicate my time to figuring my way around. Good 'ol gambling platforms are fast and easy to use.

- Jay -

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[ChiBitCTy]

To me there is nothing better than an in person at home gambling game.  Growing up in college we would have texas hold'm tournaments almost daily and they were always so much fun.  I was never a fan of buy back poker, but it did make the night last longer. 

That said as long as it's fair, not cheating, it doesn't matter to me period.

[Onyeeze]

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.

Their is no way a gambler can like a decentralized gambling, due know why, a decentralized gambling always gives a effect whenever you have something for them, so a decentralized gambling is not really good for someone who want to gamble in order to make money, we have to concentrate very well on centralized instead, but me like both of them because I know that I'm not a money conscious person and I know how to follow instructions in any gambling websites, so we have to know our stand before you can choose whatever you fell that will happen, gambling is game and its a choice of determination

[MAAManda]

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.

Decentralized gambling platform will not replace centralized gambling platform, that's because there are many problems that will be experienced, not only about gas, but also about transaction execution, did you know that every hand you play, you need a sign/validation of that transaction?

I've reviewed several decentralized gambling platforms on this forum, and they all make me bored, I'm looking for entertainment, not looking for transaction security. After all, we already have giants in this industry, just look at Rollbit & Stake, just imagine, can they be replaced with all the convenience they offer to their users?

[OceanBit]

Decentralized gambling offers transparency and fairness, while centralized platforms provide better user experience and lower costs.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling?

It's hard to say. While centralized still dominate the market due to their established reputation and accessibility, but with advancements in blockchain technology, decentralized may become more mainstream in the future. Both have their advantages to cater different needs of users. But all in all, the choice depends from person to person on which they prefer, their priorities and risk tolerance.

[dothebeats]

If I want to monitor everything and see where each transaction leads to while avoiding KYC, I'd choose to play on decentralized platforms. The thing is, most of them are not polished as of yet and a lot of improvements need to be made before they compete with centralized casinos.

If I want seamless experience and overall smoothness of everything, I'd go to centralized casinos and just play in there. The difference in user experience is too far between this two, and in the end it's just user preference. For me, I prefer comfort over skipping KYC or seeing everything that happens behind the scenes. If I'm not enjoying the gambling experience, rest assured I will not be back at that platform again.

[alastantiger]

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.

Decentralized gambling dApps will only be capable of replacing their centralized counterparts if the majority of the people who use the later decides for some reason to switch. Decentralized gambling has so many advantages over the centralized counterparts like the no registration, no interference from regulatory bodies, no registration and many more yet centralized gambling are still preferred.

To answer the first part of the question, there are more centralized gambling apps than their decentralized counterparts. Secondly, irrespective of the numbers, I have seen more marketing ads and campaigns on centralized gambling ads than their decentralized counterparts. Last but not least, a lot of people are still trying to get the hang of crypto online casinos.

I still prefer the centralized gambling apps for now. I would switch when the "crowd" does.

[decodx]

Don't get me wrong, the idea of a casino running on blockchain technology is real neat.  but c'mon your average gambler just wants to play some slots or cards without jumping through a buncha hoops about crypto wallets and transaction fees and whatnot. Maybe Im just old fashioned.  I know the decentralization folks talk a big game about changing the world, but I just don't see myself switching over. And I'd bet my bottom dollar that these decentralized apps are gonna stay pretty niche compared to old school casinos for a good long while still.  But yeah, maybe I'm just an analog guy in a digital world.  Wouldn't be the first time.

[|MINER|]

When we think about the decentralised casino I think everyone like the decentralised casino because of the non verification system in the decentralise casinos most of the time they are non KYC. But if we look about the scam casino then we will find decentralized casinos in a large scale. On the others and we can't get the features what are in a centralised casino basically I think decentralise casino is good but if we want the best features then we have to look for what centralise casino.

[arimamib]

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.

The preference for centralized gambling platforms is mainly for safety where gambling is legal, because centralized casinos typically operate under established gaming authorities, which enforce strict regulations to ensure fair play and protect the interests of players. There are assurance of licensing and regulation can indeed provide peace of mind to players, knowing that they are participating in a gaming environment that prioritizes security and fairness.

Centralized platforms also tend to offer robust customer support services, responsive dispute resolution mechanisms, and transparent terms and conditions, further enhancing the overall player experience. Decentralized casinos offer unique advantages such as transparency and autonomy, but they may still face challenges in terms of regulatory compliance, security vulnerabilities, and user trust. The choice between centralized and decentralized gambling platforms is a matter of personal preference, with each offering its own set of benefits and drawbacks.

[Natsuu]

When we think about the decentralised casino I think everyone like the decentralised casino because of the non verification system in the decentralise casinos most of the time they are non KYC. But if we look about the scam casino then we will find decentralized casinos in a large scale. On the others and we can't get the features what are in a centralised casino basically I think decentralise casino is good but if we want the best features then we have to look for what centralise casino.

Decentralized casinos are cool for no-verification vibes but watch out for scams. Centralized ones pack more features but they're all about that ID check. It's a toss-up between privacy and fancy perks so your call on the gambling scene

[Hispo]

For now, I believe I prefer to gamble in centralized casinos which have been able to accumulate a very good reputation through the years, they also have managed to accumulate a very good liquidity so there is no problem with withdrawals whatsoever. I am not completely closed to the idea of decentralized casinos or decentralized gambling platforms, but I believe there is still many things to do for those casinos run by smart contracts to become a very reliable alternative when compared to centralized or classic casinos. One of the main issues I have with decentralized casinos is how they could be vulnerable to hacks, in the same way Decentralized finance protocols have been vulnerable before, the same thing could happen to those casinos, hackers are always looking for mistakes or weak points in the code left behind by programers; when comes to big centralized casinos with enough liquidity, one can assume they have much of their budget dedicated to cyber security and even if some hacking happens, their volume of bets/gaming would allow them to refund their gamblers easily.

Some people could argue that decentralized casinos are better because one could see the code running the games, however, casinos like Stake already have ways to check the provably fairness of their games using our seed.
In the future, I expect to see some more appealing options to gamble in a decentralized way, until then I will stick close to what I already know and has worked for me. 

[Abiky]

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.

You can always verify the smart contract's code to determine if it's safe. That's assuming you have some level of technical knowledge (particularly in programming). If you don't, you'd need to make sure smart contracts were audited by a reputable security company before launch. I know decentralized gambling is far from perfect, but it's a good alternative for those living in countries where online gambling is illegal.

As far as I know, gambling dApps don't require KYC. However, you can get flagged or traced by the government within the Blockchain itself. That's because most blockchain networks with smart contract capabilities don't have built-in privacy features. I'm talking about Ethereum, BNB, Solana, and the likes. Maybe developers will solve this by making use of ZKPs (Zero Knowledge Proofs)? Until then, centralized gambling would be the preferred choice of many gamblers. Just my thoughts

[Pumared]

I believe that the decentralized market can bring more possibilities for games, etc. But nothing that centralization cannot also bring. The important thing is that it is healthy for everyone. But in my view, decentralization still has a long way to go to reach centralization.

[seoincorporation]

The fact that a game is built with a smart contract is not enough to call a casino decentralized because the guys who generate that smart contract are the ones who create the rules of the game and the ones who will get profit in the long run. I don't see what doesn't have of decentralized. I mean the community can't change the house edge, that would be a good example of how a decentralized project works.

For me, all of them are centralized, but they use different technologies to operate, that's all.

[Porfirii]

-snip- But with L2 scaling solutions and alternative chains, this should no longer be a problem.
-snip-

I read about this the other day: after the Merge, now comes the Surge, the second phase in the new roadmap.

I've never tried decentralised gambling on Ethereum because of the fear to pay high fees. I tried a few DApps in other blockchain like ICX with very low fees and I think that achieving that in the Ethereum network can be a game changer. After the successful case of use to fund new projects (the ICO fever) we might see a second surge (never better said) with DApps, especially for gambling.

[bittraffic]

People always want someone to blame when there is a failure in the system and if they want support about the network, they wanna talk to someone about which centralized platform is their choice. 

There may still be support in the decentralized gambling platform but all they can tell is how the system works. I'm not sure if they could even give your money back if there ever was a loss due to the system failure. But I'm sure they could track the causes and will give you tips not to do it again.

But are the decentralized casinos more fair than the centralized ones?

[SeriouslyGiveaway]

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.

I think the trend of Decentralizated using Blockchain will be the future trend. Not only the gambling sector, but every other financial and economic sector will also shift to this trend. We can see how the Defi trend has grown strongly in recent years, and it could replace banks in the future in certain aspects. I also really like participating in games or gambling on decentralizated platforms, especially on Ethereum's L2, which both ensures safety and security and has very cheap fees. Compared to centralized gambling services, it clearly has many outstanding advantages such as we can manage our own money, everything will be more transparent, and unnecessary intermediary costs will be eliminated.

[davis196]

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.

It's like asking someone "What fruits do you prefer? Apples or Bananas?" or "What kind of girls do you prefer? Brunettes or blondes?"
Why not both? I think that decentralized gambling is the future, mostly because the gamblers won't have to deal with KYC and all the sneaky casino tricks, that block them from withdrawing their profits(somebody might even call it "scams"). Centralized gambling is still way more convenient than decentralized gambling, but I'm sure that this will change soon. Several years ago, some people were thinking that ETH will beat BTC because of the low transaction fees and low confirmation time. I wonder what do they think about the Ethereum blockchain right now.

[Die_empty]

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.

Even to date many people still prefer physical casinos. Decentralised casinos would attract its customers and get its market share. There will always be people who will be loyal to centralised casinos and will never use decentralised ones. Therefore, both of them will operate side by and none will replace any.

I have never gambled on a decentralised casino but it will be nice to try them. But I am concerned about how they are controlled. Almost all centralised casinos have to operate under a license which gives gamblers some level of confidence in the gambling firm. Sometimes these licences show to a large extent that these casinos can be called to order by the licensor if they derail from the provisions of the licence. I am wondering which agency guides the operation of these decentralised casinos.