I never really cared about all they hype behind Web 3.0 which is why my interest in crypto gambling sites adopting this stuff never really rose though I did check them out now and then, but didn't find any major differences.
What matters more to me when investing in these sites is how reliable they are, no KYC, low house edge, great promotions etc.
The unfortunate thing still remains that several casinos claiming to the web 3.0 based are nothing but blatant lies, but on the other hand, if you find a casino that is indeed web 3.0 based, that would be extremely wonderful since web 3.0 based platforms doesn't require signing up or registration as well as asking or requesting customers to verify their account.
Web 3.0 casino games are hosted on the blockchain which also means, or should mean that even the casino owners don't have control over the games anymore.
It isn't web 3.0 (wiki just make it a confusion since they also label web3 as web 3.0 when it is clear that these two entity is different), it is web3, there had been lots of explanation on this thread that differentiate web 3.0 from web3. It is the web3 that runs in blockchain while web 3.0 can run anywhere.
Terminology
Web3 is distinct from Tim Berners-Lee's 1999 concept for a semantic web.[18] In 2006, Berners-Lee described the semantic web as a component of Web 3.0, which is different from the meaning of Web3 in blockchain contexts.[19]
The term "Web3" was coined by Polkadot founder and Ethereum co-founder Gavin Wood in 2014, referring to a "decentralized online ecosystem based on blockchain."[1] In 2021, the idea of Web3 gained popularity.[20] Particular interest spiked toward the end of 2021, largely due to interest from cryptocurrency enthusiasts and investments from high-profile technologists and companies.[5][6] Executives from venture capital firm Andreessen Horowitz traveled to Washington, D.C., in October 2021 to lobby for the idea as a potential solution to questions about regulation of the web, with which policymakers have been grappling.[21]
But my question now about web 3.0 based casinos is that, since games are hosted on the blockchain and gamblers only need to connect their wallet and start playing, how does the gamblers get paid if they win.?
Web3 has dapps. so possibly the bet, winnings and paying is processed there. While it is easier to understand how the process go in a platform running in web 3.0 since web 3.0 can run in centralized system so the processing is done by the centralized system where the owner has access.