Do you prefer the crypto online gambling or regular fiat casinos gambling? - page 5.

GideonGono

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

There is no difference when it comes to value, there is no such gambling site that would allow us to gamble with a crypto that doesn't have a value.
But if you are asking us if we prefer online crypto gambling rather than land base casino, then it would depend on each gambler, for me I prefer online gambling because it would save me time since I could access it anytime, anywhere I want.

Slow death

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In my opinion there is no difference, imagine if physical casinos were telling people to put US dollars on the poker table, or roulette during the game? This would be very uncomfortable, the American dollar as well as other fiat currencies are pieces of paper that could easily fly around the casino, because in physical casinos, they have air conditioning to cool the environment, people could also deliberately blow on it to make the money fly, so it would be very uncomfortable, for this and other reasons physical casinos use chips. I researched more about this and found good information in this article:

Quote from: https://casino.betmgm.com/en/blog/why-casinos-use-chips-cash/

With multiple digital payment options and the rise of cryptocurrency, casino patrons might wonder why casinos still use traditional chips instead of cash or electronic payment methods. The truth is that casino chips are much more than a bygone casino currency. Betting chips don’t just induce nostalgia; they increase security, help prevent fraud, and influence how gamblers think and behave. There’s even some impressive tracking technology hiding inside the chips for gambling at a casino.

source: https://casino.betmgm.com/en/blog/why-casinos-use-chips-cash/

people should choose a casino based on the advantage they think they will have, there are people who live very far from physical casinos, for these people the best option is to use online casinos, but there are people who live close to physical casinos, so In the case of these people, it is advantageous to use physical casinos because they can play and have fun with friends or relatives in the physical casino, by this I mean that both casinos have advantages and disadvantages

acroman08

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

I think you should elaborate more about your post because I have no idea which "coin" is referring to as "has no value", because if you are talking about casino chips I hate to break it to you that they do have value at least in the casino you are playing at and if you are talking about cryptocurrency as something that "has no value", then what are even doing here, majority of online casino that are being advertised here are crypto casino and uses cryptocurrency as a payment method.

o48o

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

I don't get what you are trying to say with that last whole last part. People who play with cryptos, already own cryptos. They don't buy it for that purpose, at least not anyone that i know of. And what do you mean IF they have value? How wouldn't they have value? What kind of cryptos are you talking about? I find it weird, because it sounds like you don't know much about cryptos, yet you are in bitcointalk talking about crypto casinos.

But answer to what i prefer is it depends. Crypto sites have fast withdrawing, no matter if it's weekend or not, and in theory i like to support sites that allow cryptos. But most, if not all crypto casinos that i know are outside EEA, and i need to pay taxes for the winnings. While winning inside EEA with fiat money casino it's no taxes for me and just less of a hassle in that way.

And some would call just holding a midcap crypto in a casino a gamble, as their value in fiat money could just rise or drop over night.

ralle14

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I'd pick online gambling if i'm going to do it regularly because you have to do extra steps to place bets physically, but if i'm gambling with my friends i'll always pick fiat casinos.

On the other hand, it's unusual to view cryptocurrencies as something without any value, I understand that the prices could swing down to almost nothing, but that'll take a lot of money before it can happen and there are crypto casinos that convert your balance to fiat if that's what you're concerned about.

Yatsan

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Personally I prefer engaging to online gambling sites than to visit land based casinos because of convenience. Also I don't want to be around many people when I am thinking or analyzing the game; silence helps me but of course without certainty of winning still. This is just a matter of preference and have been discussed for a couple of times already. From what I read before, another reason hy people are more into online gambling is because of rewards and sign up bonuses that is a bit rare with land based casinos. Some people will really be preferring face to face gambling because of the "true gambling experience" and nothing's wrong with it.

Quote from: Beparanf on May 13, 2024, 09:39:25 AM

Am I right that you are considering crypto coins has no value when use on crypto casino? Because you are referring to play token coins and not crypto coins which can be considered as fun mode play.

You are comparing it wrongly and you should revise the topic on playing in the casino with fun tokens compared to real money since fiat casino and crypto casino are both using real money on all of their games.

Quite misleading indeed. At first I thought he is referring to impulsive gambling in online platforms because the coins we are using are virtual currency which somehow having "less value feeling" than with using real money in land based casinos.

Gozie51

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

There is no clear meaning to what this is or what you are saying but what I understand is that both fiat or cryptocurrency are same all it takes for you to convert crypto winning into fiat via usdt when withdrawing. That is, you can withdraw using usdt and that doesn't take you so much to bother about. Most of the casinos have the option of usdt so it is only that you don't have direct access to fiat like you are paid with it on offline gambling house.

If you win cryptocurrency, you know how much worth of it in usdt so it doesn't cause you to misunderstand the difference in the prices of the coin.

cabron

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They are just the same whether you wager with coins or fiat money, they are just the same as they still have value. The purpose in most cases why people gamble is to win so if the gambler is just playing coins with no value, then he is wasting time which is the same as losing time.

There seems to be no difference anymore between fiat casinos and crypto casinos, they are all asking KYC and you can play on a casino that accepts both crypto and fiat.

Beparanf

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Am I right that you are considering crypto coins has no value when use on crypto casino? Because you are referring to play token coins and not crypto coins which can be considered as fun mode play.

You are comparing it wrongly and you should revise the topic on playing in the casino with fun tokens compared to real money since fiat casino and crypto casino are both using real money on all of their games.

Accardo

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I think Op is referring to the coins used in gambling in physical casino, which is bought with fiat and later changed to fiat by the casino. Although his topic is misleading as regards to the content here. Responding to his topic, I'd say that online cryptocurrency gambling is better in terms of withdrawal and have lesser stress as the funds goes directly to our crypto address. Unlike withdrawal to bank where some documents would be asked and sometimes take some working days for the funds to arrive.

On the other hand, If I'm still in line with what Op said, crypto has value and wagering them online means losing our valuable crypto which may increase in value later on. That's right, when fiat is lost it's different from losing crypto. But those cryptocurrencies are not only meant to be kept but used as well. Spending crypto in a casino is not wrong. It's same as winning in cryptocurrency, the player would possess more profits in his bankroll. Revising on the write-up I suggest Op should to simplify this thread by making some effective changes on the thread or make it clearer for a better answer.

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

Weather you are gambling with fiat or cryptocurrency, once deposited on an online casino, it becomes virtual currency. So why the fuss about making money with money? Have you forgotten that we literally buy cryptocurrency using fiat?. The reason why cryptocurrency gambling is more popular these days is because it's what most casino now accepts and offers to their customers for depositing. It doesn't really matter what you gamble with, so long you know how to play your chance of winning or losing is still the same. Stop confusing fiat or cryptocurrency gambling as there's no much difference.

YOSHIE

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

Do you prefer the crypto online gambling or regular fiat casinos gambling?

In fact, we have to look at the conditions and situations or developments of the times, before crypto was as popular as it is now, of course gambling with fiat was more suitable, However, as time goes by, with sophisticated technology and supported by easy internet access, of course gambling with crypto is more efficient and easier.

In fact, both methods of gambling have their own risks, but if we look at the bright side, gambling with crypto is easy and hassle-free, we can do it anywhere without having to go to an ATM to transfer money, we can make deposits and withdrawals easily, That's the advantage of betting with crypto, that's not the case with fiat, sometimes we are embarrassed to go to the bank to deposit, even though now there are OVO, GoPay, Visa and so on, but it's not as efficient and easy as crypto, the point is I like gambling with crypto.

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I am lost with your write up, and I don't understand what you meant by coin with no value and winning games with no value. Are you talking about the casino tokens or cryptocurrency like bitcoin and USDT because those are coins have value and bitcoin is the most valuable of all. I can gamble with both fiat and cryptocurrency which is what I do currently. There are local casinos in my country that accepts fiat currency and you can cash out immediately after you win. So whenever I feel to gamble on fiat, I use my local casinos, but if I want to gamble with cryptocurrency, I also use a cryptocurrency casino for fun. Don't forget that as long as it is a currency of any kind, it has value because it can be used to pay for goods and services.

Jawhead999

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Cryptocurrency, why you make it differ to other currency i.e. fiat? if you aren't comfortable with the volatility, you can just gamble using stable coin.

I can't understand with people who gamble that still regret with the money they spend for gambling, if you're looking to grow your money, then you shouldn't gamble at all. Life is short, enjoy every moment in this life, why so serious?

I'd choose crypto casino, it's more private than directly connect my banks/credit card to the casino.

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

I do not understand what you mean by this. Either you are gambling with coins like bitcoin or you are gambling with fiat, they are money and they both have value.

The only reason I do not like gambling on fiat gambling sites again is because on the international gambling sites that I was using, only wire transfer can be used to withdraw by people in my country, it takes days or weeks before the money will be credited into my account, unlike crypto gambling sites that takes just few minutes to withdraw coins.

Ojinga

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I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

Topic: Do you prefer the crypto online gambling or regular fiat casinos gambling? - page 5. (Read 483 times)