What is DecentBet (DBET)

DecentBet is a decentralized sports betting and gambling platform. It is based on the Ethereum blockchain. Users can buy shares in the house using DBETs. These DBETs are locked up every quarter to hedge against bets placed by users. It will also be used to fund gambling games. 5% of the profits will go to the lottery fund. One random shareholder wins it all. A smart contract will be used to calculate profits and share it among all shareholders. Staking more DBETs gives you a larger share of the profits.