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October 21, 2021
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Everyone looking for a fresh way of betting should check out Degens, a peer-to-peer betting exchange on the Ethereum blockchain. It began operating in 2017 and has since then providing bettors an alternative form to bet on sports, esports, and politics through smart contracts.
Short for the popular term ‘degenerators’ in the world of sports betting and poker, Degens welcomes only cryptocurrency bettors, especially those who own an Ethereum-enabled wallet program. Degens work with ETH and DAI, a stablecoin, which would require the use of a MetaMask browser extension for computers, as well as MetaMask wallet or Trust Wallet on smartphones and tablets.
Degens, which initially was called SportCrypt, ensures that its players will have a great time while betting online. One way it achieves this is by maintain an interactive chat function that allows players to interact with other bettors. It is also through this that bettors can reach out to the Degens administrators—a set-up that is necessary as it is the only means to reach out for support. Moreover, Degens’ contract was audited by the leading smart contract firm Quantstamp in 2019.
Degens is different from the conventional online casinos and sportsbooks. This also explains why there are no casino bonus deals and promotions onboard. While Degens may not offers incentives at the time of writing, it may launch promos on its website or social accounts soon.
No license set.
The first thing to do is to understand that Degens is a peer-to-peer betting exchange that offers sports betting, esports betting, and politics betting as the main markets. Degens offers competitive odds, along with a variety of betting options including point spread, handicap, over/under, decimal odds, American odds, Indonesian odds, Malaysian odds, and Back/Lay betting. Even better is that Degens promises the lowest fees in exchange for anonymous peer-to-peer betting using cryptocurrency.
No fiat money is accepted on Degens, only specific cryptocurrencies. In fact, even Bitcoin (BTC) is not included, as only ETH and DAI work on this betting exchange.
There is no need to actually make a deposit here because all bets directly move from the player wallet into Degens smart contract. Deposits require a small amount of gas, though, which is used for updating the balances during bets and claims.
It is true that Degens is far from being the ideal online casino and sportsbook, but it greatly appeals to those who prefer peer-to-peer betting over the convention online sports betting. Despite its difference, it has competitive offerings, especially competitive odds, anonymous betting, and quick transfer of bets and wins. The use of smart contracts and of cryptocurrencies make the experience all the more interesting and reliable. Even better, players can trust the betting exchange as it has been audited by Quantstamp.
Have you played in this online casino? Share your own Degens review below!
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