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Betting exchange: Mutual betting remains one of most adrenaline-pumping ways to bet for your favourite teams and prove yourself right. Why? Because the stakes are forever-free from corporate gambling machines and algorithms. At Onehash, the betting stays between humans — an experience you can’t get when the odds are fixed by a computer.
Since players bet against each other, not against OneHash, the betting multiplier changes dynamically depending on amount of bitcoins in the bank, and bet amount made by other users.
How does it work? The main advantage of the website is that it doesn’t require registration and takes only a few clicks to finish betting. Users hit “Bet!”, enter the address of their bitcoin wallet, and then transfer desired amount of bitcoins to an automatically generated unique address. The user will be prompted when the transaction is complete, and then again for results.