• Documentation
  • DexWin Gitbook
  • Product Deck
  • Litepaper

Betting Tips #1— How to bet better on DexWin

At DexWin, we’re a user-first product and want to ensure that all our users fully understand what they’re doing and are well-equipped to benefit from the platform.

At DexWin, we’re a user-first product and want to ensure that all our users fully understand what they’re doing and are well-equipped to benefit from the platform.

This series of blogs will be a medium for us to communicate a list of useful tips and hacks that users can implement while using the platform.

A large proportion of bettors tend to bet randomly on various sports without a plan. This leads to losses in the bettor’s bankroll. We want to keep our DexWinners fully prepared — so that you can estimate not only how much you could potentially win, but also how much liability you have to take on.

Here are a few tips on tackling the above:

1. Understanding Odds: Odds represent the probability of an outcome and it only makes sense to bet on an outcome if after your sports analysis you feel that the actual likelihood of the event occurring is more than the given odds.
Eg: Odds of 2.0 on Golden State represent Golden State has a 1/2.0 or 50% chance according to odds. It makes sense to bet on this NBA game if you feel the Warriors have more than a 50% chance to win the game.

2. Avoid betting on your favorite teams: The second piece of advice for all our DexWinners is to never bet on a team you’re emotionally attached to. You always end up expecting them to win and get tempted by the odds when they’re an underdog. I personally learned this the hard way losing a ton of money on the LA Lakers in the 2021–2022 NBA season. I’ve also lost so much on Liverpool and Chelsea last season too (No worries, gonna make it all back this year with strategy).

3. Hedging: Hedging is the act of placing different bets on different outcomes of the same game at different odds. This helps us reduce our liability/risk but also reduces our potential payout/reward.
Eg: Warriors vs Bucks — Odds: 1.75 — 2.6
Suppose you placed 100 USDT on the Bucks at 2.6, your max risk/liability is 100 USDT.
Your max reward/profit is 260–100 = 160 USDT.
Now, if you had placed a bet on the Warriors for 50 USDT at 1.75 at the same time Your max risk/liability is 100–87.5 = 12.5 USDT, and your max reward/profit would now be 260–100–50 = 110 USDT.

These were the first few betting strategies for all you DexWinners, stay tuned for our upcoming articles in the Betting Tips Series.

May the odds be in your favour!

Make sure to check out our DexWin NBA Futures Parlay Contest that’s live right now! Place four free and simple bets on the upcoming NBA season and win up to $2000 for the first leg alone!
Click here to participate and win.

We are also currently running a Discord Referral Program! Join our Discord here if you haven’t already and invite fellow sports and betting fans to join in as well. Members with more invites earn a bigger piece of the pie!

DexWin, the most immersive and fair decentralized sports staking experience built on the blockchain to be seamless, transparent, and trustless.

blue

Affiliate Program

blue

Contact Us