ok i will just repeat the same example i gave someone else
i Hope it explains and answers your first question
For example, if the players bet on a match between Chelsea and Manchester United, there will be a winner or a draw when the match ends. To finalize the bet on the platform, both players must select ‘end bet’ and agree on the outcome. If Player 1 won, both players need to select Player 1 as the winner, and the same applies if Player 2 won. If the players select different outcomes, the bet remains unresolved, and the funds stay locked in the smart contract.
The elimination of intermediaries helps in a better user experience overall, its literally us giving all the power to the users, only fee they have to worry about is a small commission of 0.8% when the winner of the bet is paid out and tron gas fees.
Users will be in control of cashout regardless of winning amount, which is not the case in a lot of betting platforms