DGBet Crypto Betting platform review

DGbet Decentralized Prediction Market Review

By Heath Muchena | Decentralised News | 4 Aug 2024


What is DGBet?

DGbet is a fully on-chain, non-custodial sportsbook built on Smart Contract execution. At DGbet, users can connect their non-custodial wallet to the application, place bets on their favorite events, and withdraw/redeem winnings directly from the contract into their wallets once the bet is resolved. DGbet stands out as a prediction market platform, powered by Azuro, a novel protocol for decentralized betting.

DGbet offers users a seamless, secure, and trustless betting experience that sets it apart from traditional bookmakers like bet365, WilliamHill, Draftkings, Stake.com, and others.

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Key Features

True Ownership of Funds

DGbet operates on a principle that is fundamentally different from traditional betting platforms. When you place a bet, your funds are never held by DGbet. Instead, they go directly from your wallet into a smart contract on the blockchain with pre-determined outcomes. This ensures that your funds remain your own at all times, eliminating the risk of central authority control or mismanagement.

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Source: https://dune.com/dgbet_fun/user-stats 

Full Transparency and Security

By leveraging the power of smart contracts, DGbet ensures that all transactions are fully transparent and secure. The outcomes are pre-determined and executed programmatically, providing a level of trust and reliability that is unmatched by traditional betting platforms. Additionally, all bets are placed in fully audited and decentralized Azuro liquidity pools, further enhancing security and trust.

Anonymity and Privacy

One of the standout features of DGbet is the anonymity it offers. Unlike traditional platforms that require account creation, login, and document verification, DGbet allows users to bet without any of these steps. All you need is cryptocurrency (Matic and DAI) and a web3 wallet. This ensures that your identity remains private, adding an extra layer of security and peace of mind.

Generous Rewards and Promotions

DGbet offers an attractive cashback scheme, providing up to 70% cashback on net losses in a month. This is a significant incentive for users, making the betting experience not only exciting but also rewarding. In addition to the cashback scheme, DGbet runs weekly promotions and sports contests, giving users plenty of opportunities to win Freebets and other rewards.

Commitment to Responsible Gambling

DGbet emphasizes the importance of responsible gambling. While the platform ensures that betting is safe and fun, it also advises users to stop if the fun stops. This responsible approach highlights DGbet’s commitment to the well-being of its users.

User Experience

Connecting to DGbet is straightforward. Users simply need to link their non-custodial wallet, place their bets, and, upon the resolution of the bet, withdraw their winnings directly from the contract into their wallets. The process is user-friendly, efficient, and designed to provide a seamless betting experience.

How to Use DGBet Sportsbook

Go to https://sportsbook.dgbet.fun/ 

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Connect your web3 wallet. 

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In this demonstration, we’ll be using MetaMask

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DGBet runs on layer 2 networks e.g. Polygon. Once you connect your wallet to the appropriate network and add the base asset for wagering i.e. USDT then you can proceed to choose the sport and event you wish to bet on and the amount. 

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You can buy and sell crypto using DGBet’s third party service providers. 

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Set your spending cap. 

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Approve the contract. 

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Confirm the bet. 

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Pay the gas fee. 

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Your bet stats are easy to track on the dashboard. 

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Redeeming your payouts is a simple click-of-a-button process. 

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Why Choose DGbet?

The primary reasons to choose DGbet include:

  • Decentralization and Non-Custodial Nature: Your funds remain under your control at all times.
  • Anonymity: No need for accounts, logins, or document verification.
  • Generous Cashback and Promotions: Attractive rewards that enhance the betting experience.
  • Security and Transparency: Fully audited smart contracts and decentralized liquidity pools.
  • Trustless Execution: Outcomes are determined programmatically on-chain, eliminating any potential biases or manipulations.

Key Takeaways

DGbet is more than just a betting platform; it’s a revolution in the way we think about and engage in betting. By combining the power of blockchain technology with a user-centric approach, DGbet ensures a secure, transparent, and rewarding betting experience. Whether you’re a seasoned bettor or new to the world of decentralized betting, DGbet offers a compelling, innovative, and trustworthy platform that is worth exploring.

Get Started

Experience the future of betting with DGbet. Connect your wallet, place your bets, and join a community that values security, privacy, and innovation. Enjoy up to 70% cashback on losses and participate in exciting weekly promotions and sports contests. Welcome to the future of decentralized betting with DGbet.

Originally published on Decentralised News

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Heath Muchena
Heath Muchena

Founder, Decentralised News & Proudly Associated Author, Journalist For more about me: https://linktr.ee/heathmuchena


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