The post The Difference Between Traditional Horse Racing Betting And Blockchain Betting appeared on BitcoinEthereumNews.com.

Betting has changed a lot over the years. With new technology comes new ways for punters to place their bets – getting ever more convenient. Traditional horse racing betting has been the go-to option for literally decades. Still, blockchain betting is starting to be a very viable alternative.  However, it’s really important that you understand the differences between these two. Thus, you can make the most informed decision on which option is right for you.  Here, we’re going to look at some of the main differences between traditional betting and blockchain betting. Thus, you can pick the right one for you. Centralisation vs. Decentralisation The main difference between the two has to be the decentralized aspect of blockchain… Traditional Betting Traditional horse racing betting sites are controlled centrally. It basically means that a company or sportsbook manages everything that happens. These platforms work as intermediaries when you place horse racing bets online – setting odds, handling all the transactions, and ensuring the process is according to the rules. You simply place your bets through a centralized operator, which regulates and oversees the entire process. Blockchain Betting Blockchain sites use decentralized technology – which means there is no need for intermediaries. These betting sites operate on blockchain networks, and their smart contracts govern betting rules, payouts, fairness, etc. Because there isn’t any central authority, you can place bets without relying on one single entity to process your wagers. Transparency and Fairness Traditional Betting One concern people raise over traditional horse racing betting is the lack of transparency. Because centralized operators control all the odds and payouts, you have to trust that the system is completely fair. Obviously, most are completely reputable betting companies that adhere to the strictest regulations. Yet, there have been reports of unfair practices and withheld winnings that…

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Filed under: News - @ March 26, 2025 9:20 am