The main difference between Divvy.bet vs the likes of Solcasino and Rollbit is that we’re a fully on-chain sports betting dApp whereas they operate on white label software utilizing crypto as the settlement layer. We elected to build Divvy.bet in-house leveraging smart contracts to facilitate the creation, wagering, and settlement of token based sports bets.
By going on chain we’re able to differentiate from the competition via:
- Wager directly from wallet without signing up or pre-funding an account on Divvy.bet
- Sign up/create account with email or wallet and deposit required prior to wagering
- Wager with desired supported token (USDC,USDT, SOL, JUP, W, BONK, PYTH)
- All deposits are converted to a USD value prior to wagering and often times with a spread
- Winning bets are settled directly back into wallet.
- Winning bets are credited to account and required to submit withdrawal requests to receive funds. Similar to deposits, any non-stable coin tokens are typically converted from the USD credit with a spread. Most operators have a withdrawal limit.
- BE THE HOUSE: Provide liquidity into Divvy.bet house pools to gain exposure to the sports betting activity and earn a share of the P&L.
- Centralized operation where the operator receives majority of the profits.
Collectively, these points allow us to offer a true permissionless web3 betting experience that’ll redefine the way people bet. Give us a spin and let me know if you agree!