that sound about right. they just all look the same to me. i don't know enough to tell the difference between one site or the other. how do they all work? i deposit coins, get a balance and bet with it or do i deposit straight to a specific pot?
they don't take deposits.
they never have your money!
if there is no deposit, how do the winners get the money?
the answer from xbet.io faq page:
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No registration, identification or account is required. You do not have to open an account on XBet.IO to place a bet. Your money is kept wherever you decide. Moreover, since the funds are held in escrow by the network and not by a specific person or group, your funds can't be stolen or seized by anyone. We recommend using Counterwallet, which is free, open source and is fully compatible with XBet.IO
"
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What is the difference between XBet.IO and the old betting sites?
XBet.IO is different from the old betting sites in many ways:
XBet.IO gives you the option to choose your own odds, and accept odds from other users.
In XBet.IO you can bet on an option to happen, like in the old betting sites, in addition, XBet.IO enables you to take the part of the "house" and make the opposite bet: the possibility that the event will not happen ('team A' will not be the winner of the match).
XBet.IO does not take deposits and therefore your money cannot be stolen or seized by anyone.
XBet.IO's fee is probably the lowest in the business - only 1%.
XBet.IO lines are all singles.
On XBet.IO, your anonymity is assured through the use of Bitcoins. No banks, credit card companies, or wife will know of your betting activity.
XBet.IO signs of on every bet XBet.IO offers and displays the signature, so you can be sure that XBet.IO will stand behind its word.
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here is their video explaining how to bet safely:
https://xbet.io/how_to_bet
they are highly recommended and they just opened a chat so you can ask them directly on their site.