Crypto-Based Peer-To-Peer Betting: How To Make A Bet Without A Bookie
- Published in: Crypto Casinos
Are you looking for a new way to enjoy the exciting world of betting without your usual bookie? Here is an introduction to cryptocurrency-based P2P bets without the need for a bookie. What are the benefits? The peer-to-peer betting with crypto: how to make a bet without a bookie revolutionary opportunity for new gamblers who can shape their own gambling experience. Here are some of the benefits that you can get while betting on P2P bets:
What is peer-to-peer betting in sports?
The peer-to-peer social sports betting are a decentralized and widely used betting system. It doesn’t have any intermediaries, making it very secure and fast. Moreover, the betting logic is quite simple: Bettors send stakes to a smart contract address which stores them until the event occurs.
When the event occurs, the contract checks all of the events that predict its occurrence and distributes winnings to the bettors accordingly. This is one of the main benefits of P2P betting; it’s free from any interference. In addition, it gives you many opportunities for your bets because you can play anonymously, even with no deposit.
1. Real-Time Betting
First of all, you have limited opportunities for betting on individual sports events because the odds for many events differ too much. But this is not necessarily a problem: you can make more bets on a single sports event with P2P betting. In other words, you can choose your favorite team from different competitions and place bets accordingly. The good thing about such an approach is that it gives you every chance to win.
2. No Need For A Bookie
Another advantage of peer to peer betting platforms is the fact that it doesn’t need a bookie. You can bet directly on the smart contract and receive your winnings without third-party interference. This is especially important for those who don’t like to be cheated or scammed by bookies. As long as you don’t have much money to stake on your bets, you’ll be fine with crypto-based P2P betting because it doesn’t need vast amounts of cash to participate.
3. No Possibility Of Losing
The concept of “randomness” has recently been challenged by researchers. Many obstacles can affect the outcome of a random event, including the weather and physical environment. No one knows exactly how weather or environment may affect sports matches in different parts of the world. But P2P betting doesn’t depend on “randomness”; it’s based on mathematics.