# 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.


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```
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```

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The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.
