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Gambling is a big part of our society since thousand of years. While back then it was only possible to play in the real world this has changed due to the internet. An online casino offers the same service and makes big money. These sums are made because of the odds advantage a bank has when betting against players.
Especially in online casinos there is no real transparency of the protocol the program follows. In my opinion it is sometimes even questionable if there is an actual program and not just an algorithm that makes players lose money. In most cases players lose their money sooner or later because the odds are strongly against them. However there is a crypto project that could restrict the odds advantage. This project is Double Dice!
What is DoubleDice exactly?
Its a decentralized gaming platform allowing multiple games in a no casino set up. The concept is player vs player and not player vs casino. For example in a round of roulette all players win money that put their money on the right color from those who dont.
If no one is right the gamblers get their money back. Also the odds are mathematically calculated and dont have a capped return of 35x like in any other casinos. Additionally its possible to bet on political,e-sports,sports,entertainment or crypto projects events.
What does this mean for the casino experience?
The experience for users is as fair as it gets. A huge part of this is the blockchain the makes it impossible to cheat. The protocol will be visible for everyone and if Double Dice would decide to trick the players with false odds they take a very high risk of getting caught.
For the pure gambling it is revolutionary as the odds are calculated without a capped return. Traditionally the house takes the money of all players that lost and pays out those who win. By letting winners getting the whole amount gamblers make more money. Especially when the amount of participants at one table is unlimited it becomes obvious that huge sums can be made.
How is the betting system of Double Dice structured?
The most important expression that shows the contrast to other betting platforms is crowd wisdom. In context this means that everybody can see how other people placed their bets. This means its possible to see what the crowd is thinking.
On the other side platforms us crowd opinions against you. This is possible by changing the odds if a lot of players pick a certain side. The difference is that its not visuable how others decided. By doing so the intention is to convince you to pick the other side that is more unlikely. That process is done by an algorithm that secures that profit is made no matter of the outcome.
Double Dices approach improves the transparency and lets people estimate what the possible outcome could be.
What advantages does Double Dice have compared to other gambling platforms ?
+ Visuable on blockchain, no cheating
+Unlimited users in casinos (huge sums can be made)
+ Own gambling room (up to 33% equity on profit)
+ Create bets (possible to bet on everything with a 2,5% equity on profit)
+ Players vs players not players vs house (winning players claim money of all losing players)
+ No capped return of 35x like in any other casinos
What are the tokenomics regarding own gambling rooms and bets?
In order to own a betting room there are two options: One way is to buy 8.000.000 tokens and stake them for one year. The second one is to buy 10.000.000 tokens and directly own one. In this certain room the owner hosts the games and decides what to play. If you want to create bets it is necessary to own 10.000.000 coins.
How can I profit from this opportunity?
Like previously mentioned there are tokens that can be bought. The token is DODI and sits at a price of $0.00112 at the moment. The total token supply is at 6,3 billion, 2,6 bilion after the burnt token. The token were not released all at ones rather a certain percentage is released every year.
DODI is tradeable on Uniswap and Bitmart.
Should I invest in this online casino?
– How good is Double Dice really? Early stage, only demo out so far
+ Massive potential because of early stage (0,00112$ at the moment)
+ Can revolutionize gambling industry
+ Possible to earn lots of money with bets and own rooms
+ Attractive for gamblers (high transparency and better chances to win)
Conclusion
Regarding all information I see Double Dice as a high potential crypto project with a 5x potential. Especially the early stage of this project could make it very profitable but also very risky. But I am convinced that online gamblers want to take a chance on this project since its made for fair game not profit first.
Additionily the possibility for people to host their own gambling games and create bets is very difficult to find elsewhere. The equity share of up to 33% could make millionaires if the platform becomes popular.
The online gambling industry has a net worth of 65 billion USD in 2021. Experts predict this number to increase to 173 billion $ in 2030. Gamblers from all around the world would love to have more transparency and higher chances to make money. With this industry growing I see a growing demand for the best gambling experience which is provided by Double Dice.
Check out the whitepaper, tokenomics, pitchdeck and contract audit on Double Dice.com.
How to buy DODI step by step
There are two current marketplaces to trade DODI. I recommend Bitmart since I have made good experience with it.
1. Click this link to get to see the Bitmart DODI/USDT chart.
2. Login or set up a wallet if you dont posess one. You will find both options on the top right.
3. Select the amount of token you want to purchase and click on buy DODI
4. Confirm the purchase
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Important
Please note that this is not financial advice in any form and investment should only be done after research was made. I didnt invest in Double Dice but I will do so in the near future.
Update I invested in Double Dice on October the 5th.
Nice project did you Invest in DD?
No not so fa
interesting project