Peer-to-Peer Betting

Peer-to-peer (P2P) betting is a method where individuals directly place bets with each other without a traditional bookmaker or sportsbook involved. Participants create their own betting agreements, often facilitated by a digital platform that ensures fair exchange and payment. This setup typically allows for more personalized odds and betting options, potentially better payouts, and a more transparent process. However, it also requires trust between parties or secure mechanisms to ensure safety and fairness. P2P betting shifts the traditional betting model from a centralized operator to a decentralized network of bettors.