Re: ⚽️ SportBet.one - decentralized sports-betting platform ⭐️ Honest reviews ⭐️
I was a bit confused to think it's sportsbet.io LOL. You guys been busy a few years ago, then disappeared but good to see you are back again. "SportBet.one - decentralized sports-betting platform" what did you mean by "decentralized sports-betting"? As far as I understand, your business model is centralized. No?
We are not completely decentralized, which is true. To achieve full decentralization, we would need to function more like an odds exchange, where users set their own odds. Although such bookmakers exist, they are not sustainable.
Our reliance on data from an odds provider is the main reason we are not "truly" decentralized.
Here's how our system works:
We allow players to place bets directly from their EOS wallets. This means the funds remain solely under your control. You send a specific amount to place a bet, and that's it.
The bet acceptance and validation process is implemented on the EOS blockchain, with each bet being a separate transaction.
Our main EOS account is https://bloks.io/account/sportbet1bet
EOS casino account - https://bloks.io/account/decentcasino
To simplify, they're web3 casino, they allows an account creation by connecting to wallets [the welcome bonus are not applicable for this sign-up feature, though]. The "decentralized" claim come from what they explained above, though I find it quite interesting and would like to inquire more about this.
OP, as I don't have an account on your platform, I can't check it myself, but by "the funds remain solely under your control", were you saying that player's wager and winning are directly and instantly deducted and added to their wallet? They don't need to manually withdraw the winning from their account?