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

[joniboini]

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.  

If a decentralized casino still needs to register and obey their local registration, and at any given time they can freeze somebody's account I'd think they are still a centralized casino. I second the opinion that using a smart contract doesn't necessarily mean you're a dex, especially if those smart contracts can be changed and the law of the game can be edited without any verification from an outside party. I guess this doesn't really apply if you're betting on football or any kind of sport that doesn't use math to decide which one wins the game. Other than that though, it is difficult to prove if something is fair which is the key to a decentralized casino IMO. Other than that, the ability to register or delete an account should be counted as factors that decide whether we can call it a decentralized one or not.

As for fees, I think it will likely solve itself with the existence of layer 2 and other scalability solutions on ETH or other chains. They can also improve how smart contract calculation works to reduce the fees and so on. It is a bit weird that fees are a major turn-off for most people, I guess they don't think the trade-off between privacy, security, and reliability is worth it right now. CMIIW.

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[KiaKia]

There is smart contract risks available on the decentralized way of gambling and there is none on the centralized way of gambling, they are both good but centralised ones will always be peoples favourite, just send your bitcoin or Tron to a casino account and have some fun, viola.

I know about decentralized gambling platforms but I don't use them, been decentralised as a casino doesn't sit well with me, just because I don't see any reason why I will want to use them, it's like trying to cover something that's not needed to be covered.

I know that experience is the most important thing here, and if any casino or gambling platform can deliver this very neatly then nothing else matters, something as easy as centralized gambling platform just suits my need, no need for getting things more complicated.

[shield132]

Does anyone know any good decentralized casinos? I don't know. I only know a few and they don't have good UI/UX design and also they don't have good games, it's very boring to play on decentralized casinos because there are only dice and similar games and you miss the fun of slots, poker, live roulette, live blackjack and etc...
Centralized casinos, like Bitsler, Stake, Roobet, Duelbits and many more, offer you a very thrilling experience with very beautiful and elegant UI/UX design, with lots of features, tons of games and etc. It's very hard to beat centralized gambling these days.

[Outhue]

Wait, wait...

What is a decentralized gambling? Are they not casinos that relies on cryptocurrency transactions instead of the old traditional way? Now how is this decentralized? Because almost all online casinos are accepting USDT, Tron, and many centralized crypto coins, the only decentralized one is Bitcoin, can we really say that they are true decentralized? I don't think so.

To me every online casinos are centralized, having crypto payment option doesn't make them decentralized, they are all regulated and that's why we use them, and been regulated means they have all legal papers in place, no government can go after them for illegal operation, this makes them 100% centralized.

If you are looking for a real decentralized casino, they will operate anonymous and illegally, as a casino you need to be registered, if not, it's been run illegally, it's not safe to have your money gambling on such places, this is not Bitcoin, Always remember that.

[Baofeng]

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.

I don't prefer any, I mean if I can enjoy and take advantage of both centralized and decentralized gambling then why not? As gamblers we shouldn't distinguished any unless you are really that old school and prefer the traditional way and so doesn't want to play dApps as you are not that comfortable.

Might be good if you have a poll? So that we can gauge as what the players are looking into right now.

But in any case, again, I don't see anyone replacing, it's the same market after-all, and you have to think why they are a lot of gambling platforms today? it's because of the huge billion that they can take in and so there are plenty for everyone here.

[criptoevangelista]

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.

For me, decentralized gambling is new... I didn't know it yet.

Can you share information about this? What platforms have you been using? The most "decentralized" I went to was Polymarket.

This issue of decentralized betting is very interesting and opens up a range of options for those looking for privacy.

[Apocollapse]

Most people don't care with decentralization, similar to Bitcoin, all they care is the money.

The true decentralized casino won't give you any benefit, except you gamble using their native token because they can do anything they like if they have full control over the token.

In centralized casino, they can give many promotions e.g. rakeback, odds boost, bonus buy, welcome bonus, etc.

[HelliumZ]

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.

Of course, between centralized gambling and decentralized gambling, decentralized gambling is more acceptable.  Centralized gambling must have all the control systems with the third party where the user cannot do anything if he wants, on the other hand decentalized gambling must allow the user to participate in gambling using the Dapp at his own will.
However, if centralized gambling withdrawal and deposit fees are lower than decentralized gambling, then surely users will pay more attention to centralized gambling and want to use it.

[coin-investor]

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 a long shot and I don't think it will happen, based on how the gambling community adopted the centralized gambling more than the decentralized platform.

Some of the causes are :

 *These decentralized platforms are smart contract-based, and gamblers have second thoughts about connecting their wallets to a platform that is not audited by
    reputable smart contract auditors like Certik.

* Centralized platforms are more regulated and compliant and they have more games since the majority of gaming software caters to centralized exchange

* Because of the anonymous nature of decentralized platforms, it lack regulations that could exploited abused, and used by cyber criminals.

[bitbollo]

Personally, I have never found truly satisfactory projects in a decentralized environment. Very often I have seen a series of defects that are difficult to overcome (e.g. very high volatility, limited market depth, insufficient volumes)

[Crypt0Gore]

Call me crazy or something else, the truth is why would anyone want to create a decentralized gambling platform anyway? It makes no sense to me because I will like to ask the person what they are hiding from, running a casino isn't a currency like Bitcoin, that decentralized idea isn't just adding up for me.

Even if any decentralized gambling platform exists, there is no need for me to use them, it's gambling, something everyone does, something the government are in full support with, something that it's also located offline and people do it from time to time, why the need for decentralization in this space?

I will be suspicious of any online gambling platform that are decentralized, they might be ruining some illegal things behind the scene, there is no need to go decentralized if all their existence is all about giving gamblers good services that they deserve, why decentralization?

[piebeyb]

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.

Actually I don't really like decentralized gambling where I use a connected wallet to play there, place bets on each transaction via smart contracts and use decentralized gambling Dapps, I think it's still not safe even though it might be vulnerable to cheating but I'm worried about hacking happening in the end. This is not only a problem with high transaction fees on the ETH network, after all, anyone who provides decentralized gambling on the ETH network is wasting money on expensive fees because for a long time the ETH network has been the network that uses the most expensive transaction fees.

If asked why I like centralized gambling dapps because I'm honestly safer in centralized gambling even though maybe it's also not liked by some people because of KYC issues that make them feel uncomfortable but I feel comfortable, it all depends on each gambler's point of view, I can't speak in full view of my views on decentralized gambling which may be preferred by gamblers who want to maintain their privacy with KYC, I am not sure that decentralized gambling will replace centralized gambling because as we see today people prefer to use centralized gambling dapps than decentralized ones . we can't ignore that either.

[Shishir99]

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.

There is nothing called decentralization when a group of people or people handle the platform. Maybe you could say this just for the payment methods. But I don't think anyone believes that they do not have room to cheat in a game. Every casino can cheat their players if they want. It depends on the owner and their motives. If they want to build a solid reputation, they will act fairly.

But if they want to scam players, they can do it anyway. Sometimes, players are able to catch scammy casinos, but most of the time, we are not able to catch their cheating. So, no, they have a long way to go.

[Odohu]

This should be my first time of reading about decentralized gambling. I know something like that is possible but it has not really made so much sense to me if I begin to picture the various gambling options that is exist in centralized platforms. In a decentralized gambling platform, could it be that gamblers will be playing against one another just like we have in P2P trading? Will there be brokers and bookies that will play a part? The whole things is not just clear to e yet. Perhaps the recent Telegram casinos that are popping up every now and then are using similar technology. I will need more information or resources that will help me learn about this kind of gambling and platforms that offer them.

[aioc]

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 only played once on a decentralized platform and the experience is not worth comparing when you're playing on a centralized platform, The majority of these decentralized platforms use tokens and you have to do a bridge before you can play, there's also not much game to choose from, centralized platforms has a good chance to stay longer than the decentralized gambling platform because there's a possibility that criminals might use decentralized platforms for money laundering and other illegal activities.

Centralize platforms are doing great, and I can not think of one big and compelling reason why gamblers will migrate to decentralized gambling platforms and ditch centralized platforms.

[sunsilk]

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

Nope.

Gamblers are used to the centralized type of gambling and that's why whether there have been a lot of innovation and interesting things comes from the decentralized casinos, they're not going to thrive and replace the centralized casinos.

Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

Centralized.

I've tested a few before of decentralized but they're totally different. I think if you go back a few years ago, there have been attempts to penetrate into the gambling industry with decentralized projects but they weren't successful.

[Z_MBFM]

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.

One thing that Decentralized Gambling will be good for is that there will be no hassle of kyc. on the other hand, there will be no problem in creating an account. But there are disadvantages as well as advantages because gambling is an attractive thing so scammers keep a close eye on it. so if we connect the wallet to a scam site through Dapp then there is a possibility of hacking our entire wallet. so to be safe in this regard we can use Centralis gambling site as opening an account will not be too much of a hassle for us. that's why i feel comfortable using the Centralize gambling site

[Cookdata]

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.

This is cannot be achievable, not these people that use the crypto, if this techniques way of using smart contract in decentralized way were up earlier, it would have been possible but now, I don't think so. Look at exchange for example, we have been using the centralized exchanges for many years now and the experience has never been palatable especially the hacks and but with the introduction of Defi, decentralized exchanges were improved by design, protocol and concept but how many people use them as compare to decentralized exchanges today?

There is another thing I noticed with gamblers, loyalty lies in their line of gambling. If a gambler has used a casino for many times and he enjoys the winning and experienced little loss, they don't move to another casino even if there is an interesting thing going on over there, the fact that centralized casino loos simple and easy will not encourage people to go look for a platform that will use gas fee to execute their bets but the gamblers that want to verified their games and winnings will still use Dex gambling platforms.

[coinerer]

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.

One thing that Decentralized Gambling will be good for is that there will be no hassle of kyc. on the other hand, there will be no problem in creating an account. But there are disadvantages as well as advantages because gambling is an attractive thing so scammers keep a close eye on it. so if we connect the wallet to a scam site through Dapp then there is a possibility of hacking our entire wallet. so to be safe in this regard we can use Centralis gambling site as opening an account will not be too much of a hassle for us. that's why i feel comfortable using the Centralize gambling site

You raise some good points but these could be addressed.  Cricket a new wallet by depositing a small amount of funds in it and gambling. However, one thing is that most of the gamblers now gamble on smartphones and using DApp through smartphones is a lot of trouble, so in this case, using a centralized platform can be beneficial. i love both platforms and will use each one at the same time so I want gambling sites to come to market on web3 technology.

[arjunmujay]

If your question is between centralized or decentralized gambling, it is certain that more people will choose decentralization because it is based on openness.
In contrast to neutralization, it will definitely be regulated by the authorities or those who have complete control over the world of gambling.
But the problem is that few gambling players understand DeFi.