Gamblr.xyz Decentralized Betting Platform Review

What is gamblr.xyz?

Gamblr.xyz is a decentralized betting platform designed to provide a secure and transparent gambling experience, leveraging the power of blockchain technology. Unlike traditional betting sites, gamblr.xyz allows you to place bets directly from your non-custodial wallet, eliminating the need for deposits or withdrawals. Each bet you place is secured in a smart contract with predetermined outcomes, ensuring that you are always in control of your funds. If you win, you can easily redeem your money, and since there is no “house” to bet against, the process is entirely transparent and fair.

Gamblr.xyz stands out from popular online bookmakers like Stake.com and DraftKings by giving users complete control over their funds, without the need to trust a central authority.

How Does Gamblr.xyz Work?

Gamblr.xyz operates on the Azuro protocol, a decentralized betting infrastructure that powers the platform’s seamless and secure betting experience.

First go to the official front end. 

Connect your web3 wallet. 

For this demonstration, we’ll use MetaMask which may require you to sign a signature to give the site permission to interact with your wallet.

Once your wallet is connected, you can simply buy crypto to fund your wallet.

If you already have the asset pair you need on the network you choose e.g. MATIC for gas and USDT for placing your bets with on the Polygon network.

Gamblr.xyz offers different betting markets including casino, sports and esports. 

The sports betting market are particularly exciting with different sports ranging from football, basketball, MMA, baseball, boxing and much more. 

For this demonstration, we’ll place a bet on a UFC event.

You can set your spending cap to ensure you only spend what you wish to on each bet. 

Now you can proceed to place your bet. 

Pay the gas fee.

You’ll be notified that your bet has been placed successfully. 

Redeeming your winnings is made super easy with the gamblr.xyz frontend.

Simply pay the network gas fee.

You will get confirmation of the redeemed winnings. 

The interface is easy to use and you can track your betslips with ease.

Users can earn passive income through the gamblr.xyz referral program. 

Key Benefits of Gamblr.xyz

1. Complete Control

   • At gamblr.xyz, you maintain full control of your funds at every step. The platform never holds any of your funds, and all transactions are handled through smart contracts on the blockchain, providing peace of mind and security.

   • Your wallet – your bets – your wins.

2. Hassle-Free Experience

   • No need to create an account or log in. All you need is cryptocurrency and a Web3 wallet like Metamask. While the technical aspects might seem daunting for newcomers, the platform is designed to be user-friendly once you get started.

3. Rewarding Community

   • Gamblr.xyz values its community, regularly offering promotions that give users opportunities to win free bets, crypto, and more. Stay tuned to their social channels for the latest updates and offers.

Supported Blockchains

Gamblr.xyz is currently supported on three blockchains: Arbitrum, Polygon, and Gnosis. As a front-end built on the Azuro Protocol, Gamblr.xyz is part of a decentralized multi-chain ecosystem, allowing users to choose the blockchain that best suits their needs.

Unique Features of Gamblr.xyz

• Free Bets

  • Free bets can be used in the sportsbook section on any match and market. These bets are collateralized 1:1, allowing you to keep the profits while forfeiting the wager itself. Free bets are earned through promotions, so be sure to follow Gamblr.xyz on Discord and Twitter for the latest opportunities.

• Referral Program

  • Gamblr.xyz offers a lucrative referral program with four different ranks, each with specific requirements and rewards. By referring friends, you can earn a percentage of the revenue generated by their betting activity, with rewards ranging from 5% to 15% of the revenue in USDT, depending on the volume.

• Azuro Score

  • Every bet placed on Gamblr.xyz earns you Azuro Score points, which can be converted into $AZUR tokens after the token launch. This program rewards early adopters and participants in the Azuro ecosystem.

• Gamblr Bar

  • The Gamblr Bar is a virtual sports bar where users can hang out, watch live sports, and place bets in an immersive digital environment. The bar offers a unique social experience, complete with watch parties, NPC interactions, and more.

Betting Mechanics: Odds and Slippage

• Odds

  • Odds on Gamblr.xyz are provided by Oracles/Data Feed Providers through the Azuro protocol. Once betting begins, odds may fluctuate based on the bets placed by users. However, the odds are “fixed” at the time of placing your bet, allowing you to calculate potential winnings accurately.

• Slippage

  • Slippage, commonly encountered in crypto, refers to the difference between the quoted and executed price of a transaction. On Gamblr.xyz, slippage is related to changes in odds while placing a bet. Most users will experience minimal slippage, but the platform allows you to set an “Odds slippage tolerance” to prevent transactions from going through if the slippage exceeds your preference.

Conclusion

Gamblr.xyz offers a revolutionary way to bet online, combining the transparency and security of blockchain technology with a user-centric experience. With no need to trust a central authority, complete control over your funds, and a range of exciting features, gamblr.xyz is paving the way for the future of decentralized betting. Whether you’re a seasoned bettor or new to the world of crypto, gamblr.xyz provides a hassle-free, rewarding, and secure platform to enjoy your favorite sports.