Topic: Is there any gambling site that allows betting directly from the wallet? - page 4. (Read 697 times)

I haven't seen that kind of casino and if you're looking for a feature like that, I think it's more empowered by smart contracts or of the same. But those kind of casinos didn't click and has a low amount of interest from the people and most of the casinos now has representative that's assigned in withdrawals.

But there's a way to gamble even without registration though this is completely different from what you are asking. Meanwhile, this is the other feature that you like, bustadice has instant deposits/withdrawals.

You should have a basic understanding on the difference between web wallets (hot wallets) and software wallets like Electrum, Bitcoin Core, Mycelium, Bread and other trusted wallets. Desktop/mobile wallets offer full control over your coins and your keys are never stored anywhere apart from the devices. If you have your devices offline, your keys never leave your device and can be used to hold large sums of money. Whereas on the other hand, web wallets like blockchain.info, greenaddress stores your private keys online and these keys were generated online. Your private keys are exposed and you have a higher risk of losing your money if you are connected with web wallets. You are not the only one who has control of your keys and they are online always.

Most of the gambling sites use cold wallets similar to a cryptocurrency exchange and when you transfer your coins to the gambling site address they move to the cold wallet and balances are updated in front end database. Gambling sites doesn't create a separate wallet for each user AFAIK and they depend on a particular hot wallet where they receive funds and they are transferred to cold wallets once they receive them.

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Gambling industry is highly regulated, but some alt based gambling sites which run on TRON and EOS blockchain do provide a solution for decentralized gambling casinos. I don't recommend gambling sites which I have never used (since you might have a risk of losing money) but I would rather advice you to stick onto famous and trusted gambling casinos like PlayBetr, FortuneJack, MintDice, CryptoGames and Bustadice instead of risking your private keys and money with a untrustworthy casino.

Those description is slightly similar to an on chain gambling site but you can't import private keys. The only similarity between the two is the way the bets are processed the ones I used to play on didn't require any approval once the bet is played out the winnings are sent back immediately except for larger bets(1btc+) I assume it's for security.

I think EOS or TRON dapps may allow that.
For example I am using Tokenpocket for EOS and its tokens. And I am playing sometimes with it. There is a dapp named Bapbet. And you may find other dapps in different wallets app.

Only sports betting sites allow that I believe, though services have completely shifted off of that though and have since let their users deposit on their wallets instead for bonuses and such. There are some lottery pots here and there that have appeared over the course of years which implemented this, but even those were completely out of the radar now. It would be nice though to have a decentralized betting system on some casino games though it will be a hassle knowing that every bet needs to go through the blockchain and need some confirms before it gets accepted as a valid bet so as to avoid cheating. While it the chances of a double spend nowadays is little especially on low amounts, it still is a possibility that gambling operators try to avoid.

Ohh! I never played any gambling sites before that does it and I thought it isn't possible. Well, I am really new to gambling sites, to be honest, but for me, I guess it's for best that you never connect your wallet if ever you are betting to these sites the risk is still there. And if ever I stumble upon this I guess it's better if they offer cryptocurrencies that have good transaction speed like XRP, XLM or TRX it is a much better option.

electrum and mycelium arent web based right ? that  is why they are safer but web wallets like mew that can also use private keys are risky , same as with these kind of gambling that needs a private key  . metamask is recomended to add extra saftey by doing web transactions like this  . i already saw a dex gambling site on the past , if you want you can check them to see how they work although dex gambling site means that they dont need licence to be trusted , its hard to gain trust if they cant see any proof of thier legitimacy  .

But how is this different from wallets like Mycelium or Electrum? We import private keys in these type of wallets too. I think as far as gambling site is taking input in front end then it is safe although I am not expert in this matter.



Actually I want to see any example of the working of such gambling site. I want to see how house charge commission when funds are still hold by the players. It would be amazing concept if any platform is able to achieve this. People no longer have to look for the gambling licence, such sites could automatically be trusted.

Probably jackpot/lottery, but importing your private key its a big risk. Most of them only need to connect your metamask, for making a signature transaction.

Because, some of the casino/gambling platforms can provide a jackpot/lottery went used only need to send the fund directly to the jackpot/lottery address. No need to register to participate in the jackpot/lottery they can track everyone who participates to the jackpot/lottery using smart contract and transaction history. Went the jackpot/lottery was rolled, they will send automatically the fund to the winner.

Check out this website: https://blockchain-casino-games.com/decentralized-betting-sites/
There are plenty of decentralized betting platform listed there but I have not tried them yet. I believe there's also another platform based on tron blockchain where you can connect your web wallet directly and bet. I forgot the name unfortunately.   

I had heard that before, there is a gambling site that allows users to bet directly from their wallets. You need to import your bitcoin wallet but in most cases, they are decentralized gambling sites. Like poker and sports betting sites. Also, peer-to-peer gambling sites have on this kind of feature. The transactions of bet to be played directly between those players crypto wallet, rather than the house edge will hold the fund.

But I think this is not safe if you will use your main wallet, I have doubt that it will lead hack in trusting your private key into the gambling platform. IMO, use a disposable wallet for this.

Similar to the concept of DEX or Decentralzied Exchange, is there any gambling site which allows users to import private key and play games directly from their address? Or allows users a wallet on the platform with private keys so that user can withdraw and deposit money into account anytime without the approval of the site representative?

It yes then in which different cryptocurrencies such gambling is offered?