Topic: Decentralized vs Centralized Gambling....Which do you prefer? - page 10. (Read 1424 times)

No. You can see how web3 wallets are common but decentralized web3 casinos are not common. Few come to this forum and few are existing and they are not common and successful as centralized casinos. I think people care more about reputation of a casino and nothing more than that, just like traditional casinos.

For some obvious reasons centralized gambling platform still remains the best for me despite it complications during kyc's I still find it enjoyable than decentralized gambling platform, most time due to wallet security issues it could be hard for many people to associate their wallet with although there are some web3 gambling site where one need to create account and generate address for deposit if the bettor doesn't have comfortability of associating his address. Most at times while gambling with the Centralized platform you have this freeness or Joy having a clear view of what you are doing and there is no much game restrictions unlike the decentralized platforms.

I have used decentralized casino Dapp several times and for that, I can say that I still prefer the centralized casinos that we have around and are used to at all times, and switching to the decentralized casino can only offer us one advantage which is just privacy but aside from that,  the decentralized gambling is a new tool that has not yet enjoyed high patronage from the gambling community a d that is due to its complexity and other factors that come along with the usage of Dapp.

So for sure many of us will still prefer the centralized gambling platforms vs decentralized ones per se just like many will choose centralized exchange as against decentralized exchange due to factors like low volumes and other features that are lacking in the decentralized service.

When it comes to swiftness of bets then i could say that those standard casinos that we do have today is far superior i should say specially on some platforms which speed does matter when you do play dice or crash or whatever known casino games that we do have. When it comes to variety and types then we do actually have tons. Trying out to point out on how many decentralized casinos that we do have compared to centralized ones then you could really make out those differences in numbers on which it would really be reflecting out on which one does have the demand and which one does have less but i do agree into those points
above that having both things is better on which we do have the options for us to take.

Preference would really be just that depending on which one you would really be tending to deal or choose with. There are ones who are really that much preferring on having that
fast execution of bets rather than on having that total decentralization.

Currently I use centralized gambling sites more often, perhaps just because of habit. One of the decentralized gambling sites is metawin, and metawin was my first experience using a decentralized web3 gambling site

I think in the future it will be more popular to use decentralized gambling sites because they are more anonymous and usually do not require KYC for small amount gambling. I will also probably switch to a gambling site that uses the web3 system and I will start with metawin. Of course there are advantages and disadvantages between centralized and decentralized gambling sites and now is the time for web3 gambling sites to start appearing, time will tell which is the best between the two.

They might drag to replace one another, but to me, they are both very important.

A centralized casino has the disadvantage of having privacy and funds frozen, and most times games are manipulated, but they still have some of the best options in terms of game selection, which might be difficult to encode in a decentralized casino.
 
Among all the dapp casinos I have come across, I don't think I have seen anyone with sportbook games enabled on them.
 
Decentralized casinos offer a bit of fairness; you don't have to worry about KYC accounts being frozen, but in terms of manipulation, I still believe any casino that wants to do that can also do it in the background.

Personally, having decentralized gambling platforms and dApps become part of my guilty pleasures in life. Just knowing that there's no one who's really in charge of everything while having full-access to every great thing I loved about gambling and cryptocurrencies in general has put me in so much ease.

Centralized casinos like stake aren't so bad as well as some people make it out to be. Having some central governing body works well for a platform that dabbles with gambling and currencies since you can confide with these entities' customer support and assistance when shit hits the fan and you need help, something that you really can't find in a decentralized casino, at least last I checked. Not to mention the safety of the casino itself financially-speaking since most of these centralized casinos are more often than not backed up with millions upon millions of reserve assets for when they need to go liquid, again, something you can't really expect from a regular decentralized casino. However, in the grander scheme of things, decentralized casinos are more future-proof, safer, and more comfortable to use, and one great thing about them is that you don't need to knock on your casino's founder's doors to get your voice out and be heard, decentralized casinos are governed by the people for the people so features and perks you would want to see would have a great chance of being implemented provided that there are a great deal of people out there who wishes for the same thing.

I prefer centralized gambling because from what I've seen decentralized contracts keep getting hacked over and over. If you check rekt.news it's just crazy.
Also there's other disadvantages. Decentralized transactions can get stuck, or suffer from very expensive fees like on ethereum for instance. So it's really counter intuitive to gamble on most platforms.

Also because of how centralized Web3 wallets are, it's easy to get hacked and not even notice it. Don't forget the Ledger web3 connector hack, that happen through just a github compromised account. It's crazy how weak the security of supposedly decentralized web3 infrastructure.

Let's assume that gas fees and confirmation times are negligible. I'm still somewhere in between centralized and decentralized platform. The reason for this is because, with centralized platforms, you know what kind of service you will be getting unlike decentralized gambling platforms that comes with inherent smart contract risks. So it's a case of "The devil you know is better than angel you don't know".

The second reason is because decentralized gambling platforms still have a long way in terms of user experience. I wanted to play recently at a web3 gambling platform on zksync recently and they didn't have good games and most fixtures in sports section were not confirm and very few features. There are other shortcomings so I'd still stick with centralized platforms in the interim.

Never, we do like decentralization but there are other things which centralized ones is far more better when it comes to the user experience that it gives compared into the counterpart.

Yes, it does have that kind of advantage on which we do know that when it comes to fairness of bets which could be seen plus having that security of your funds since it is really that directly
made out those tx on your wallet but when it comes on how fast these actions to be executed are really that too sloppy in compared into those casinos that we do have today.
We do know that gamblers are really that impatient beings on which having those delays is never been that appealing into their taste.

This is why i do believe that Centralized would really be still that more in demand compared to Decentralized ones but i dont see anything wrong
if both things will really be on existence on which you do at least have the option for you to choose on.

Thanks to the inception of smart contracts, we can now enjoy decentralized gambling in a provably fair way. I've used a few gambling dApps in the past, and the experience was great. Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.