> For the complete documentation index, see [llms.txt](https://degengamble.gitbook.io/degengamble/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://degengamble.gitbook.io/degengamble/how-it-works.md).

# How it works?

Using Degengamble.xyz is straightforward and intuitive:

1. **Sign Up:** Users can access our platform through our Telegram app. To get started, they need to enter their Solana private keys. (Note: We do not store this data, and users must enter their keys each time they access the app.)
2. **Place Bets:** Once logged in, users can browse "active bets" and place wagers on available events. There are two types of bets:
   * **Winner Takes All:** If, for example, 10 people bet on "No" and 2 people bet on "Yes," and the correct answer is "Yes," the 2 winning users share the entire pool.
   * **Shared Risk:** In this mode, the 2 winning users would simply double their money, while the 10 losing users would each lose an equal share of the total pool.
3. **Payouts:** If a user wins a bet, the winnings are automatically transferred to their Solana wallet.

The platform is built on Solana, ensuring smooth and secure transactions. With a strong technical team supporting the platform, we are confident that Degengamble.xyz will operate seamlessly.