The betting experience on DexWin promises to be one that caters to the needs of all kinds of bettors. Be it a novice first-time bettor just exploring what sports betting is, or a pro that is looking for the best odds and a slick UI to make the best use of his sporting knowledge, DexWin has it all.
Evidently, the first sport to go live on our platform will be Basketball.
The basketball betting experience is extremely rich and has become popular among NBA fans these days. We see fans at games cursing players for ruining their parlays, NBA stars like Kevin Durant speaking about fans heckling him about lost bets, and many more such instances. This is the type of sports betting culture that we are trying to inculcate globally on DexWin.
Basketball has a large number of counting stats with high variance for each player which enables a richer prop betting experience (more on props later). A player could contribute in a variety of ways for a given stretch of time which enhances the likelihood of spot betting (smaller time frames — less than one quarter). This leads to the possibility of rapid and exciting bets.
Basketball is also the 2nd most bet-on sport in the world. With a large number of world-class leagues taking place across the globe and around the year, it makes it an ideal sport for us to begin with.
Types of bets you’ll find at DexWin
As mentioned, at DexWin you’ll find bets to cater to the needs of all kinds of bettors. From simple Moneyline bets to more complicated Parlays and Prop bets, you’ll find it all here.
Moneyline / Moneyline 3 Way:
A Moneyline bet is a simple bet on the winner of the game.
A Moneyline 3 Way bet is one that also allows for the possibility of the game ending in a draw and in the case of basketball, going to overtime.
A Spread bet is a bet on a favorite to win by a certain margin of points, or an underdog to lose by a certain margin of points. This margin is called the “Spread”.
Eg. “Miami Heat -3.5” represents a bet that the Miami Heat will win by more than 3.5 points.
Eg. “Chicago Bulls +4.5” represents a bet that the Chicago Bulls will win outright or lose by at most 4.5 points.
A bet that can be placed over or under for any statistic in the box score’s total value for both teams.
Eg. Philadelphia 76ers vs Brooklyn Nets — Total points over 300 at odds of 8.0 (the sum of points scored by both teams will be over or under 300)
Eg. Phoenix Suns vs Memphis Grizzlies — Total rebounds over 100 at odds of 10 (the sum of all rebounds in the game will be over or under 100)
Proposition Bets (Props):
A prop bet is one that doesn’t have an impact on the outcome of a game. There could be team props as well as player props. Prop bets are extremely popular in basketball as it provides additional avenues for bettors to take advantage of their sports knowledge. It is a kind of bet that lets fans be more involved and bet on things that are fun and engaging.
Eg. Luka Doncic to get a triple-double at odds of 9.0
Eg. The Warriors to make 20+ threes versus the Bucks at odds of 3.0
Betting on basketball definitely increases the thrill of watching the games, and this is true for any sport. To add to this thrill, Live Bets come into the picture where fans can place bets once the games have begun. The sharp changes in odds based on every possession provides and takes away opportunities from bettors in seconds.
DexWin allows bettors to place all the above-mentioned bets and more as Live Bets as well!
In any currently available basketball betting experience, users are restricted to placing their bets either for the entire game, a half, or a quarter.
At DexWin, we will be introducing spot betting which allows users to place any of the above bets at any interval of the game.
Eg. LeBron James will have 3+ assists from 11:00 minutes to 7:00 minutes in the 4th quarter with odds of 4.0
Futures bets are long-term bets that are usually placed for the duration of the entire season.
Eg. The Knicks to win the 2022–2023 NBA Eastern Conference with odds of 11.0
Eg. Trae Young to be the 2023 MVP with odds of 14.0
A parlay involves combining multiple single bets into an AND bet with a much larger potential payout. The parlay only hits if ALL the bets included in the parlay are won. The below example will illustrate this.
Eg. $10 on the Knicks at 2.4 odds AND $10 on the Suns at 1.6 odds AND $10 on the Grizzlies at 2.1 odds.
If these bets were successful individually, the bettor would earn:
$24 + $16 + $21 = $61 from a total stake of $30.
If the same bets were parlayed, the total payout would be:
$30 * (2.1*1.6*2.4) = $241.92 , a much larger payout on the same $30.
DexWin provides the most exciting curated parlays for users to bet on. Users will also be able to build any bets of their choice and parlay them to boost their odds and win big!
Apart from the above-mentioned bets, DexWin also houses other super interesting and off-beat bets for real fans of the game to bet on.
Some such bets include:
Method of First Basket (Layup, Dunk, 3-point shot, etc)
Player to Score First Basket
Quarter Points Odd / Even
Race to 15, 20, 45, etc
Exotic Prop Bets:
Apart from these, DexWin also provides out-of-the-box exotic prop bets for marquee events/personalities associated with the sport.
An exotic prop bet is one that has nothing to do with the game at all.
Eg. Drake to attend the 2023 Hall of Fame Enshrinement Ceremony with odds of 2.7.
At DexWin, our primary focus is to provide our users with a rich and immersive, decentralized sports betting experience. Our goal is to first build out the above-defined bets and perform continuous iterations on them with feedback from our DexWin Inner Circle members.
We will then divert our efforts toward adding more kinds of bets and creating a wider market suited to different kinds of bettors. These could include Microbets, which involves betting on outcomes that occur in seconds, and many other such interesting additions.
If you would like to be part of our Inner Circle to gain early access and provide your valuable feedback in exchange for some handsome rewards and airdrops, make sure to visit our website and fill in the form. Also, follow us on our socials and join our community to engage and stay on top of all our updates. We look forward to seeing you bet on DexWin very soon!
DexWin, the most immersive and fair decentralized sports staking experience built on the blockchain to be seamless, transparent, and trustless.