If you have been in the sports betting game for some times and not living under the rocks, you might have heard the names like bet365, william hill, ladbrokes, paddypower, 1xbet, betvictor, betfair.

So, whats common in these Sportsbook ? What are the problems of these platforms ?

Being governed by a central authority is one of the main issue. So, despite their reputations in the market, there is always chance that a bookmaker could cancel your bet, refuse to pay winnings, or revoke bonus opportunities. We have to rely on them to do the right thing in every instance. Also, most of them won't let us in without going for a full process of KYC. Also, the players have a constant fear of being banned at any time where even some successful winners can be banned for suspect of arbitrage betting. And the main problem after this is lack of transparency.

Besides these, there is also the problem with the regulations where various sportsbook limits its usage for a certain jurisdiction only due to country specific laws. The bookmakers on these platforms also take a heavy cut on the odds provided on any match.

So, What's the solution for all these ?

Answer: Decentralized Sportsbook

Decentralized sportsbook is the answer to all the problems that exists in current sports betting industry. First of all, it removes the middleman and this means that the bookmakers doesnot exists here. Its all about players to players betting in a very transparent enviroment, on the blockchain.

Control is owned by bettors rather than the big sportsbook bookmakers. No middleman also means that the odds also is improved in the matches, removing the juice taken by the middleman.

Let's dive into the major advantages of Decentralized betting:

1. Decentralization – Not having a central authority allows for fair odds for gamblers.
2. Exchange – Users act as oddsmakers and take bets. From People to people
3. Open Source – Being open source, any developer can provide feedbacks, work on these projects and can even make improvements. Some decentralized sportsbook even awards the people who provides feedbacks.
4. Public Wallets – Players or Gamblers’ funds are kept in public wallets - blockchain.
5. Smart Contracts – Bets and payouts are controlled by smart contracts. This means when you bet on Team A and Team A wins, there is no way it can be banned inappropriately by someone. Smart contracts, the codes written on the smart contract settles the bets and gives out the payout to you in an automated manner.
6. No limit betting - There is no limit of the amount that you can win. Sometime players can be lucky with some small stake with huge multiplier parlays and decentralized platforms allows you to dream and win any amount. This is often limited with the centralized sports book like bet365.

Some of Decentralized sports betting platforms available now are:

• Wagerr – Wagerr combines a high degree of privacy with decentralized betting. It features a betting native token called WGR . Join WAGERR now

• Dexsport - This is currently in the testnet - test stage before putting on the mainnet - launch. It also hosts its native token DESU. This is one the the most anticipated among the other similar platforms. It includes sports betting, play-to-earn betting, a prediction market, P2P betting on exchange rates, and an NFT marketplace. Dexsport is one of the first decentralized protocols to offer eSports betting, which is in peak right now. The protocol is developed on the Binance Smart Chain (BSC).

• Augur – Best known for prediction markets. Allows to bet on sports, politics, etc. with AUGUR as native token.

• Bethereum – Best known for betting on esports and sports. BETHER is their native token which is used to place bet on Bethereum blockchain.

And Please gamble only what you can afford to loose. Keep sports betting and yourself healthy.

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