Cryptocurrencies and bet fraud (match fixing)

Pettuh4

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Quote from: cramcram21 on July 23, 2017, 01:00:47 PM

I haven't encounter any of that problem yet and I think in sports there are things that just happens,
Maybe we could call it a miracle or just a luck but I think there are some matches that could be cheated in scoring,
It is just pretty hard to guess if the match was a set up.

Upsets are everywhere in sports and most of them seemingly look like match fixing because it beats all the odds for an unexpected event to happen. I think there are genuine match fixing schemes but we should try to be circumspect in our discussion in order not to link it directly with cryptiocurrencies alone because they existed before bitcoin or any altcoin and they were funded by various means by which the perpetrators found convenient.

reflector

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Quote from: yoseph on May 21, 2018, 11:42:43 AM

Match fixing is everywhere and almost in every sports in the world and most of the time those who fixes the matches do it by approaching lesser known players because they can't pay the world class players enough money to fix their games for them.

All the esports, cricket and football are perfect example to show that whether it is fixed matches or real one. Many people invested in this real time too mate. To make it you perfect to avoid the fixing matchmaking just bet on them accordingly bro.
If you says casino and dice game site even will not win the matches at all.

yoseph

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Match fixing is everywhere and almost in every sports in the world and most of the time those who fixes the matches do it by approaching lesser known players because they can't pay the world class players enough money to fix their games for them.

Bitcoingiver

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My friends do say that most bet frauds are done on poker sites, but stopping thus will be very hard because cryptocurrency are anonymous and it made it easy for them to get away without being known. One of the only way to stop this is to be doing KYC to every account. That's know you customers.

hatshepsut93

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Quote from: cjmoles on July 24, 2017, 01:41:49 PM

Well, there's nothing more anonymous than cash! There is no published ledger of cash transactions, there are no signatures required with cash, and cash is the currency of choice around the world....especially in the dark markets. So, if you can do it with cryptocurrency, then you can do it with cash. I think the question here is more a matter of regulation....KYC/AML concerns at the sites which take the wagers....not really a cryptocurrency problem, rather, a KYC problem.

No one said that this is a problem specific to cryptocurrencies. But cryptocurrencies are radically different from legacy financial systems, and we as users need to develop new practices that help to prevent and investigate scams. Otherwise our crypto economy will be plagued with scammers (look at the ICO market - tons of scams and almost no one gets caught). And of course I'm not suggesting that we change cryptocurrency protocol, instead we should create and develop new institutions that will help protect customers in decentralized fashion. This is why I created this thread to hear about any ideas that can help to fight scams in this specific case - match fixing.

MinerHQ

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Quote from: Pettuh4 on July 24, 2017, 07:47:28 PM

Quote from: cjmoles on July 24, 2017, 01:41:49 PM

Well, there's nothing more anonymous than cash! There is no published ledger of cash transactions, there are no signatures required with cash, and cash is the currency of choice around the world....especially in the dark markets. So, if you can do it with cryptocurrency, then you can do it with cash. I think the question here is more a matter of regulation....KYC/AML concerns at the sites which take the wagers....not really a cryptocurrency problem, rather, a KYC problem.

Well gambling has been going on for a long time and these fixed games didn't start today so I'm wondering why it's being linked to cryptocurrencies in the first place. If it was possible in fiat days why lower it to cryptocurrencies now? Us ur just to give the dog a bad name and hang it?

Match fixing is not a new thing and it was there for long but recently it has become more and spread to almost all games. Earlier match fixing used to happen with cash but how they were managing funds not sure but now due to cryptocurrencies they can easily send money to anyone and it is not so easy to trace the transactions of these cryptocurrencies. So many people think that these crypto currencies are helping these match fixers. Without these crypto currencies also match fixing will happen but now handling money has become more easier.

ethereumhunter

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Quote from: cjmoles on July 24, 2017, 11:23:07 PM

Quote from: szpalata on July 24, 2017, 10:14:38 PM

Quote from: cjmoles on July 24, 2017, 01:41:49 PM

Well, there's nothing more anonymous than cash! There is no published ledger of cash transactions, there are no signatures required with cash, and cash is the currency of choice around the world....especially in the dark markets. So, if you can do it with cryptocurrency, then you can do it with cash. I think the question here is more a matter of regulation....KYC/AML concerns at the sites which take the wagers....not really a cryptocurrency problem, rather, a KYC problem.

Exactly, I don't know why they lump it all on Bitcoin and cryptocurrencies but this has been ongoing even before they came into existence and fiats are surprisingly not blamed in this regard. It's just unfair.

People are just afraid of new things....there's a word for them, "luddites." They'll always find ways to blame the newest technologies for the problems surrounding their old technologies. Some people still have them great big fat televisions because they're afraid of the new flat televisions....In fact, some people are still using bitcoin instead of ethereum, if you can believe it.

i am agree with you, there is still many people won't accepted newest technology and they close their eyes even we have a proof that this will help them. but i think we don't have to judge them because if they realize, they will follow us someday.

i think with cryptocurrencies, it helps us to pay something on internet while we want to buy something in online store. without crypto currencies we need to use credit card to buy and for me, its too dangerous because our data can be stolen. and this is why i am prefer to use cryptocurrencies to playing gambling so i don't have to use credit card to playing gambling.

cjmoles

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Quote from: szpalata on July 24, 2017, 10:14:38 PM

Quote from: cjmoles on July 24, 2017, 01:41:49 PM

Well, there's nothing more anonymous than cash! There is no published ledger of cash transactions, there are no signatures required with cash, and cash is the currency of choice around the world....especially in the dark markets. So, if you can do it with cryptocurrency, then you can do it with cash. I think the question here is more a matter of regulation....KYC/AML concerns at the sites which take the wagers....not really a cryptocurrency problem, rather, a KYC problem.

Exactly, I don't know why they lump it all on Bitcoin and cryptocurrencies but this has been ongoing even before they came into existence and fiats are surprisingly not blamed in this regard. It's just unfair.

People are just afraid of new things....there's a word for them, "luddites." They'll always find ways to blame the newest technologies for the problems surrounding their old technologies. Some people still have them great big fat televisions because they're afraid of the new flat televisions....In fact, some people are still using bitcoin instead of ethereum, if you can believe it.

szpalata

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Quote from: cjmoles on July 24, 2017, 01:41:49 PM

Well, there's nothing more anonymous than cash! There is no published ledger of cash transactions, there are no signatures required with cash, and cash is the currency of choice around the world....especially in the dark markets. So, if you can do it with cryptocurrency, then you can do it with cash. I think the question here is more a matter of regulation....KYC/AML concerns at the sites which take the wagers....not really a cryptocurrency problem, rather, a KYC problem.

Exactly, I don't know why they lump it all on Bitcoin and cryptocurrencies but this has been ongoing even before they came into existence and fiats are surprisingly not blamed in this regard. It's just unfair.

Pettuh4

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Quote from: cjmoles on July 24, 2017, 01:41:49 PM

Well, there's nothing more anonymous than cash! There is no published ledger of cash transactions, there are no signatures required with cash, and cash is the currency of choice around the world....especially in the dark markets. So, if you can do it with cryptocurrency, then you can do it with cash. I think the question here is more a matter of regulation....KYC/AML concerns at the sites which take the wagers....not really a cryptocurrency problem, rather, a KYC problem.

Well gambling has been going on for a long time and these fixed games didn't start today so I'm wondering why it's being linked to cryptocurrencies in the first place. If it was possible in fiat days why lower it to cryptocurrencies now? Us ur just to give the dog a bad name and hang it?

cjmoles

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Well, there's nothing more anonymous than cash! There is no published ledger of cash transactions, there are no signatures required with cash, and cash is the currency of choice around the world....especially in the dark markets. So, if you can do it with cryptocurrency, then you can do it with cash. I think the question here is more a matter of regulation....KYC/AML concerns at the sites which take the wagers....not really a cryptocurrency problem, rather, a KYC problem.

megynacuna

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Quote from: kodes88 on July 24, 2017, 09:33:07 AM

in my view,its possible to do this,people with bad attitude will do anything for more money,bet frud is not familiar for me,i never see any case of this thing,but anyway its not fair and yes it should be pretend,and if this thing really often to happen,i start to rare playing gambling.

People will do anything to amass wealth so this is no surprise to me at all, we hear of fixed matches especially in single sports games where there are consistent upsets especially in the off season and some team sports like soccer have also had its fair share of these match fixing especially in the Italian league.

kodes88

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in my view,its possible to do this,people with bad attitude will do anything for more money,bet frud is not familiar for me,i never see any case of this thing,but anyway its not fair and yes it should be pretend,and if this thing really often to happen,i start to rare playing gambling.

coynedterm

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Quote from: hatshepsut93 on July 23, 2017, 01:05:05 AM

One of the most important feature of cryptocurrencies is privacy, if done right it's very hard to find the person behind an address, which sadly attracts criminals to crypto. Now, bet fraud is when a person who can directly influence the outcome of some event bets on it, and the privacy features of cryptocurrencies are making it easier. A sportsman can place a huge bet against himself and than just throw the match and take a huge amount of money, and it would be impossible to spot this because betting was done anonymously via cryptocurrencies. Sometimes it's easy to spot that the player is intentionally throwing, in other cases it's almost impossible to tell, also huge bets on weak picks might raise suspicions, but if done right, it might be very hard to spot the fraud.

Do you know any stories about bet frauds committed with cryptocurrencies?

Is there any way to prevent or investigate it?

I don't think it usually happened , the people who are the international players are not became a player and not directly playing the match without any hard work or talent , Actually they have the talent that how to handle the game perfect and honestly .
And at this level of the game they are making much earnings , then why they need to make gambling and make earnings own self .
And also there is no factor that any other person make bet at them by planing each other because. The management system of the international gambling trams are much hard and they never enter or to contact these players directly .
So here I don't think that we are discussing about a particular issue where to trace anyone is impossible , actually this thing can't happen .

bajing

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Quote from: hatshepsut93 on July 23, 2017, 01:05:05 AM

One of the most important feature of cryptocurrencies is privacy, if done right it's very hard to find the person behind an address, which sadly attracts criminals to crypto. Now, bet fraud is when a person who can directly influence the outcome of some event bets on it, and the privacy features of cryptocurrencies are making it easier. A sportsman can place a huge bet against himself and than just throw the match and take a huge amount of money, and it would be impossible to spot this because betting was done anonymously via cryptocurrencies. Sometimes it's easy to spot that the player is intentionally throwing, in other cases it's almost impossible to tell, also huge bets on weak picks might raise suspicions, but if done right, it might be very hard to spot the fraud.

Do you know any stories about bet frauds committed with cryptocurrencies?

Is there any way to prevent or investigate it?

Getting cheat will always show up in our mind when we lose, no matter you lose while playing casino, sports betting,etc we will have a thoughts like that. Like you said there is a match-fixing, actually we can never know it. The only way is if you have such thoughts then it is easy, stop gambling than it will make you more dizzy because you can not accept the loses.

iluvbitcoins

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Quote from: JasonXG on July 23, 2017, 12:53:31 PM

The thing is. If you going to cheat at live sport and match fix you going to have to know about it and have players agree. Many people will know and have to be apart of it and that is much harder to do then having one person control a casino and cheating. Also match fixing you under time restrain.

Its still possible. But I really doubt it happens much.

You know, one player sports exist too
Also, if you're a goalkeeper in football, it's fairly easy for you frame the match

Quote from: pixie85 on July 23, 2017, 12:54:46 PM

Quote from: iluvbitcoins on July 23, 2017, 10:32:21 AM

The problem with this is that most sportsbookies that accept bitcoin accept only the major games and leagues, and have max. bet or max. wins.

Players playing these matches in major leagues often earn a lot more than they'll be able to win by forfeiting the game when they place a bet.
Would it be worth it for them?

It wouldn't be. It's possible for them to earn a lot on a fix just that one time, but it's very risky. The only situation that would make it worth trying is if the fixers were to retire after that match anyway due to health condition or they knew the club is not going to renew their contract.

Well, I don't think bitcoin bookies offer things like the Turkish league or 2nd German league
Which are actually good leagues
However, the French,English etc. leagues offer a better reward than betting for example 10BTC and framing the match
I'm completely unsure what the max.bets are so I'm in no position to argue for this

SaShiRaJaVu

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Quote from: hatshepsut93 on July 23, 2017, 01:05:05 AM

A sportsman can place a huge bet against himself and than just throw the match and take a huge amount of money, and it would be impossible to spot this because betting was done anonymously via cryptocurrencies. Sometimes it's easy to spot that the player is intentionally throwing, in other cases it's almost impossible to tell, also huge bets on weak picks might raise suspicions, but if done right, it might be very hard to spot the fraud.

If you are used to online gambling sites then you should have noticed that there is a limit on the maximum amount of coins to be placed for every sporting event and since there is a limit these kind of activities is very hard to proceed,may be there might be fixed matches but that wont be happening with online gambling sites but with big gambling casinos.

chris200x9

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Quote from: Barbut on July 23, 2017, 10:17:59 AM

Sport is popular more then ever, big money circulate in sport and betting on sport attract a lot of people nowadays. Fixing matches and games in sports are nothing new, I'm not sure what crypto currencies have with that. People who fixh matches can pay with money, gold, other goods and now with crypto coins, and I'm sure that some of them use crypto for that.
To prevent or stop this is very hard, its hard to prove that something illegal happened at all. Do you know that a player can miss penalty? Did he do that on purpose or accidentally? How to prove that someone gave him money for that if no one saw it? With using cryptocurrenies they can hide thir transactions even more, you will never know what happened.

Before this crypto currency players used to take the black money and they will hide that money in a Swiss bank somewhere else. But now this digital currency made them take money easily without knowing anyone. And we can not identify that the player is booked or not. Becasue while playing match anything can happen a class player will fail sometimes we can not say he/she did match fixing. Only the bookies will know who is booked in that particular match

cramcram21

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I haven't encounter any of that problem yet and I think in sports there are things that just happens,
Maybe we could call it a miracle or just a luck but I think there are some matches that could be cheated in scoring,
It is just pretty hard to guess if the match was a set up.

olubams

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Quote from: hatshepsut93 on July 23, 2017, 01:05:05 AM

One of the most important feature of cryptocurrencies is privacy, if done right it's very hard to find the person behind an address, which sadly attracts criminals to crypto. Now, bet fraud is when a person who can directly influence the outcome of some event bets on it, and the privacy features of cryptocurrencies are making it easier. A sportsman can place a huge bet against himself and than just throw the match and take a huge amount of money, and it would be impossible to spot this because betting was done anonymously via cryptocurrencies. Sometimes it's easy to spot that the player is intentionally throwing, in other cases it's almost impossible to tell, also huge bets on weak picks might raise suspicions, but if done right, it might be very hard to spot the fraud.

Do you know any stories about bet frauds committed with cryptocurrencies?

Is there any way to prevent or investigate it?

The scenario you have painted is quite real but the reason why its not obvious is because of the difficulty in proving such exist which might even be much more difficult in the case of crypto-currency. Although, I also have not seen something like that but I know its possible and most times the participants had known before hand who will lose and who will win because of the direction a lot of people are betting towards. This is something I feel is rampant in boxing and that's why I don't bother bet on them any longer because I see the match as a replay of what has been practised.

pixie85

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Quote from: iluvbitcoins on July 23, 2017, 10:32:21 AM

The problem with this is that most sportsbookies that accept bitcoin accept only the major games and leagues, and have max. bet or max. wins.

Players playing these matches in major leagues often earn a lot more than they'll be able to win by forfeiting the game when they place a bet.
Would it be worth it for them?

It wouldn't be. It's possible for them to earn a lot on a fix just that one time, but it's very risky. The only situation that would make it worth trying is if the fixers were to retire after that match anyway due to health condition or they knew the club is not going to renew their contract.

JasonXG

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The thing is. If you going to cheat at live sport and match fix you going to have to know about it and have players agree. Many people will know and have to be apart of it and that is much harder to do then having one person control a casino and cheating. Also match fixing you under time restrain.

Its still possible. But I really doubt it happens much.

hatshepsut93

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Quote from: buwaytress on July 23, 2017, 08:01:22 AM

There's a particular type of "match fixing" fraud I've seen from reading the Trust section of users in the gambling thread (one level up from here). Also have suspected it myself a couple of times. Basically it involves multiplayer poker. It's not exactly match fixing, but if you even have two players colluding at a table with 10, you're making it extremely difficult for the other 8 to win. It's especially profitable when there are more than 1 top prizes for single game.

This is about different, because only the players are involved, but still a very interesting subject. Can you link to some of those profiles? Any idea how did they get exposed?

Quote from: Barbut on July 23, 2017, 10:17:59 AM

Sport is popular more then ever, big money circulate in sport and betting on sport attract a lot of people nowadays. Fixing matches and games in sports are nothing new, I'm not sure what crypto currencies have with that. People who fixh matches can pay with money, gold, other goods and now with crypto coins, and I'm sure that some of them use crypto for that.

If a player wants to commit this fraud in fiat systems, he most likely needs to collude with the operator, because it's very hard to hide his identity. But with crypto it's almost impossible to find the person behind the address, which makes this type of fraud much more easier.

Quote from: iluvbitcoins on July 23, 2017, 10:32:21 AM

The problem with this is that most sportsbookies that accept bitcoin accept only the major games and leagues, and have max. bet or max. wins.

Players playing these matches in major leagues often earn a lot more than they'll be able to win by forfeiting the game when they place a bet.
Would it be worth it for them?

That's a good point, and I guess this means that low tier events can be considered as less safe to bet. Right?

iluvbitcoins

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The problem with this is that most sportsbookies that accept bitcoin accept only the major games and leagues, and have max. bet or max. wins.

Players playing these matches in major leagues often earn a lot more than they'll be able to win by forfeiting the game when they place a bet.
Would it be worth it for them?

Barbut

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Sport is popular more then ever, big money circulate in sport and betting on sport attract a lot of people nowadays. Fixing matches and games in sports are nothing new, I'm not sure what crypto currencies have with that. People who fixh matches can pay with money, gold, other goods and now with crypto coins, and I'm sure that some of them use crypto for that.
To prevent or stop this is very hard, its hard to prove that something illegal happened at all. Do you know that a player can miss penalty? Did he do that on purpose or accidentally? How to prove that someone gave him money for that if no one saw it? With using cryptocurrenies they can hide thir transactions even more, you will never know what happened.

reflector

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Quote from: Wendigo on July 23, 2017, 08:31:21 AM

The top flight sportsmen are too wealthy anyways and don't need to take part in any fixed matches me thinks. There might be something going on in the lower leagues and the amateur level where the salaries are low enough so that players might be willing to do something on the side to earn some extra cash. It's definitely plausible but very hard or nearly impossible to prove.

Seems you are taking too foolish about the sports persons. There are many league matches are fixed already playing for it. Many of the people involves in fixing are taking away from the game itself completely.
Even in single person games are also fixing use to done like rafel nadal and roger federer matching loosing in finals with the cheap players and olympic fixing and drug using and many thing.

Wendigo

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The top flight sportsmen are too wealthy anyways and don't need to take part in any fixed matches me thinks. There might be something going on in the lower leagues and the amateur level where the salaries are low enough so that players might be willing to do something on the side to earn some extra cash. It's definitely plausible but very hard or nearly impossible to prove.

grermezter

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Match fixing is not new at all, it has been done since before there was any crypto currency and i can bet that lots of people have done that and thrown the match without being caught, It all depends on how the person plays the game, a person can feign injury just to throw the match and no one can suspect it at all. Sometimes the two players can collude together and take a bigger payout.

buwaytress

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There's a particular type of "match fixing" fraud I've seen from reading the Trust section of users in the gambling thread (one level up from here). Also have suspected it myself a couple of times. Basically it involves multiplayer poker. It's not exactly match fixing, but if you even have two players colluding at a table with 10, you're making it extremely difficult for the other 8 to win. It's especially profitable when there are more than 1 top prizes for single game.

FasTroy

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Quote from: Barcode_ on July 23, 2017, 07:41:45 AM

This problem with match fixing does not only involve crypto-currency betting, even with fiat money, the player in the team could still throw away the game by playing terribly and won a huge bet amount on the match because of his actions, he just need to ask someone he trusted to make the bet for him in fiat money, and he could still remain unknown behind those huge bets.

I think this type of fraud is found in this world, but It's hard to find it, because the player decide to do that in top security for his life like a pro player, also maybe it found only in low devisions, I mean games which they not be live on T.V or maybe on radio.
This Manipulation of results can be found in unkown ligues and sometimes mafia can manipulate the results with the force of arms or killing.

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This problem with match fixing does not only involve crypto-currency betting, even with fiat money, the player in the team could still throw away the game by playing terribly and won a huge bet amount on the match because of his actions, he just need to ask someone he trusted to make the bet for him in fiat money, and he could still remain unknown behind those huge bets.

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Quote from: hatshepsut93 on July 23, 2017, 01:05:05 AM

One of the most important feature of cryptocurrencies is privacy, if done right it's very hard to find the person behind an address, which sadly attracts criminals to crypto. Now, bet fraud is when a person who can directly influence the outcome of some event bets on it, and the privacy features of cryptocurrencies are making it easier. A sportsman can place a huge bet against himself and than just throw the match and take a huge amount of money, and it would be impossible to spot this because betting was done anonymously via cryptocurrencies. Sometimes it's easy to spot that the player is intentionally throwing, in other cases it's almost impossible to tell, also huge bets on weak picks might raise suspicions, but if done right, it might be very hard to spot the fraud.

Do you know any stories about bet frauds committed with cryptocurrencies?

Is there any way to prevent or investigate it?

I don't know any stories about bet fraud with cryptocurrencies because most reports that I read about match fixing is that they don't share much detail about the issue. It's always between the player and the guy who will pay the player to throw.One way to prevent this is to have a smaller limit on smaller leagues where there's a higher chance of match fixing that could happen.

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Quote from: hatshepsut93 on July 23, 2017, 01:05:05 AM

One of the most important feature of cryptocurrencies is privacy, if done right it's very hard to find the person behind an address, which sadly attracts criminals to crypto. Now, bet fraud is when a person who can directly influence the outcome of some event bets on it, and the privacy features of cryptocurrencies are making it easier. A sportsman can place a huge bet against himself and than just throw the match and take a huge amount of money, and it would be impossible to spot this because betting was done anonymously via cryptocurrencies. Sometimes it's easy to spot that the player is intentionally throwing, in other cases it's almost impossible to tell, also huge bets on weak picks might raise suspicions, but if done right, it might be very hard to spot the fraud.

Do you know any stories about bet frauds committed with cryptocurrencies?

Is there any way to prevent or investigate it?

This is normal happens in Fiat also, there is nothing new in it, linking it with cyrupto is not nice, yes your concerns are valid that it could happen and yes you can't trace a account holder but I don't feel it's right to point fingers at crypto. So far I have not heard any cytpto fraud happening, and let's say it was happening it would be very difficult to find it, there is no paper trail and it's best left alone, cause there is no way to find this, I mean there is no technology for this.

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Quote from: Vaskiy on July 23, 2017, 03:17:13 AM

Fraudulent activities were not found with the gambling websites. In my opinion, majority of the gambling websites are trustworthy compared to the investment opportunity available through different websites. Some websites have gone bankrupt just because of the unsuccessful management and technical development. Based on this fraud in betting with cryptocurrencies never happens.

Bookmakers aren't necessarily a part of this fraud, it's actually in their best interest to bust it. And this thread is about bookmakers, not casinos and their bankrolls.

Quote from: NorrisK on July 23, 2017, 05:37:11 AM

If you avoid the small new casinos I don't think you have to be very scared of fraud. The big casinos have a reputation to maintain that they would likely not sacrifice for a few extra coins. They make way more from maintaining their business.

This thread is not about casinos. Read the op post carefully.

Quote from: dunfida on July 23, 2017, 02:00:50 AM

I haven't still encountered on this kind of frauds since if I do saw some big bets on weak picks and I do normally treat it as an usual thing on this betting world. Whats the point of their throwing? No one would able to place big bets if they aren't sure but yet its gambling that's why we do risk money and the amount we do like. This is the beauty of bitcoin which we can able to place bets without being traced and hide your identity anonymously.

Seems like you too not quite getting what I'm talking about, here's one of the most famous examples of bet fraud in esports - https://www.reddit.com/r/OutOfTheLoop/comments/36zzmh/what_does_322_in_esports_mean/

emberbekas

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Quote from: Vaskiy on July 23, 2017, 03:17:13 AM

Fraudulent activities were not found with the gambling websites. In my opinion, majority of the gambling websites are trustworthy compared to the investment opportunity available through different websites. Some websites have gone bankrupt just because of the unsuccessful management and technical development. Based on this fraud in betting with cryptocurrencies never happens.

It's about the possibility for people who can influence the outcome of a game to fraud it. For example, when player A meet player B in tennis game. Player A bet against himself with cryptocurrency and he makes himself lose the game. The possibility for this fraud is higher now since the emerge of cryptocurrencies. I bet it already happened but we and most people didn't notice it yet.

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Quote from: NorrisK on July 23, 2017, 05:37:11 AM

If you avoid the small new casinos I don't think you have to be very scared of fraud. The big casinos have a reputation to maintain that they would likely not sacrifice for a few extra coins. They make way more from maintaining their business.

Correct, big casinos wont really ruin their reputation on just a small penny. They would rather choose to be fair to sustain their site which is what should be done on most of them. Being fair of their service would really be more advisable so that players would really not make any suspicion later on when they saw unusual bets on the site.

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If you avoid the small new casinos I don't think you have to be very scared of fraud. The big casinos have a reputation to maintain that they would likely not sacrifice for a few extra coins. They make way more from maintaining their business.

Yuhee

sr. member

Activity: 546

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Quote from: Vaskiy on July 23, 2017, 03:17:13 AM

Fraudulent activities were not found with the gambling websites. In my opinion, majority of the gambling websites are trustworthy compared to the investment opportunity available through different websites. Some websites have gone bankrupt just because of the unsuccessful management and technical development. Based on this fraud in betting with cryptocurrencies never happens.

I think there are also authorities in the web where they are really looing if certain site is good or the content is too risky. But offcourse not all are being caught. But in terms of those gambling sites i think thay is just a basic concept that some are really manipulated by the creators. So it is always in the user to have those risks especially if a user is a high staker that could attract other gamblers.

Vaskiy

legendary

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DGbet.fun - Crypto Sportsbook

Fraudulent activities were not found with the gambling websites. In my opinion, majority of the gambling websites are trustworthy compared to the investment opportunity available through different websites. Some websites have gone bankrupt just because of the unsuccessful management and technical development. Based on this fraud in betting with cryptocurrencies never happens.

michellee

hero member

Activity: 2604

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🐺Spinarium.com🐺 - iGaming casino

Quote from: hatshepsut93 on July 23, 2017, 01:05:05 AM

One of the most important feature of cryptocurrencies is privacy, if done right it's very hard to find the person behind an address, which sadly attracts criminals to crypto. Now, bet fraud is when a person who can directly influence the outcome of some event bets on it, and the privacy features of cryptocurrencies are making it easier. A sportsman can place a huge bet against himself and than just throw the match and take a huge amount of money, and it would be impossible to spot this because betting was done anonymously via cryptocurrencies. Sometimes it's easy to spot that the player is intentionally throwing, in other cases it's almost impossible to tell, also huge bets on weak picks might raise suspicions, but if done right, it might be very hard to spot the fraud.

Do you know any stories about bet frauds committed with cryptocurrencies?

Is there any way to prevent or investigate it?

i am not yet heard any bet frauds committed with cryptocurrencies although i am sure that in out there, maybe there is people or a group that doing this because we don't know what people reason for making transaction. and since making transaction in cryptocurrencies is anonymous, we still can not track where is the address destination. i think i don't know how to prevent this because once the transaction is made, then it will arrive in the destination wallet but maybe there is a way to prevent.

dunfida

legendary

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Quote from: hatshepsut93 on July 23, 2017, 01:05:05 AM

One of the most important feature of cryptocurrencies is privacy, if done right it's very hard to find the person behind an address, which sadly attracts criminals to crypto. Now, bet fraud is when a person who can directly influence the outcome of some event bets on it, and the privacy features of cryptocurrencies are making it easier. A sportsman can place a huge bet against himself and than just throw the match and take a huge amount of money, and it would be impossible to spot this because betting was done anonymously via cryptocurrencies. Sometimes it's easy to spot that the player is intentionally throwing, in other cases it's almost impossible to tell, also huge bets on weak picks might raise suspicions, but if done right, it might be very hard to spot the fraud.

Do you know any stories about bet frauds committed with cryptocurrencies?

Is there any way to prevent or investigate it?

I haven't still encountered on this kind of frauds since if I do saw some big bets on weak picks and I do normally treat it as an usual thing on this betting world. Whats the point of their throwing? No one would able to place big bets if they aren't sure but yet its gambling that's why we do risk money and the amount we do like. This is the beauty of bitcoin which we can able to place bets without being traced and hide your identity anonymously.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

One of the most important feature of cryptocurrencies is privacy, if done right it's very hard to find the person behind an address, which sadly attracts criminals to crypto. Now, bet fraud is when a person who can directly influence the outcome of some event bets on it, and the privacy features of cryptocurrencies are making it easier. A sportsman can place a huge bet against himself and than just throw the match and take a huge amount of money, and it would be impossible to spot this because betting was done anonymously via cryptocurrencies. Sometimes it's easy to spot that the player is intentionally throwing, in other cases it's almost impossible to tell, also huge bets on weak picks might raise suspicions, but if done right, it might be very hard to spot the fraud.

Do you know any stories about bet frauds committed with cryptocurrencies?

Is there any way to prevent or investigate it?

Topic: Cryptocurrencies and bet fraud (match fixing) (Read 974 times)