Borrowed Confidence: How Leverage Betting on Decentralized Platforms Turns a Hot Streak Into a Zero Balance
Leverage features on decentralized betting platforms promise to multiply your winnings, but the same mechanics that juice your gains can wipe out your entire position in minutes. We dig into how on-chain margin calls work, why they hit harder than anything you'd face on a centralized platform, and what real bettors have lost learning this lesson the expensive way.