Topic: Do you trust to bitcoin casinos? - page 20. (Read 13369 times)

Disclosure: I own a Bitcoin casino. I'm just replying to this thread, because I think there's a certain amount of misinformation, or at least lack of definition on what a Bitcoin casino is. 
Dealing with the question of trust, broadly from what I see, Bitcoin casinos fall into three groups:

a. casinos on a shared platform i.e. SoftSwiss, the one I am on
b. ones that are on their own platform
c. ones that use their own games and therefore have complete control over the outcome of the game

The platform casinos
these typically use games from third-party providers like Microgaming, Netent, Endorphina and so on and use a central platform for transactions, licensing and customer services. These casinos have no control over the house edge that is set by the game provider. As long as there is some kind of test certificate, perhaps from iTech labs and there's a decent trust footprint on the forums i.e. that casino is getting out and about and has real and accountable people behind it, to me it's a trustworthy casino.

Generally I would say every casino on the SoftSwiss network is trustworthy. That's because Customer Services are centralised and ultimately the white label casino doesn't really have control over cash out decisions. So if there's a problem ultimately that stuff sits with SoftSwiss. Generally they have been extremely good on their decision-making in contentious situations.

The difference between one platform casino and another comes down to strategy on giving bonuses away, the websites they want to wrap around the games and the tone and feel of the brand, along with community engagement. And a number of other small variations. For my part, we've separated our website from the SoftSwiss platform as much as we can so that the site works better for finding games. Essentially it's taking an e-commerce approach to I'm online casino.

Casinos with their own platform
BitCasino.io is a great example. They are an excellent business, Tim Heath the guy who owns it plays a very straight game and in my opinion they are very trustworthy. Having been around for a while on the Bitcoin casino scene and being very careful about reputation I can say that on the whole if a casino has a bad reputation on the forums and it's not just one person screaming, it's worth taking note of.
The main assurance you will have with casinos on their own platform is the games they provide. If those games are from a game provider that distributes those games to other sites, then that's a great assurance the games are not rigged. The only question is whether you can cash out without hassle if you win. That's where reading the terms and conditions is very important.

Casinos that have their own games
This is where being provably fair really counts. If a casino has its own version of [whatever game] and it can't present a certificate from a company like iTech labs or demonstrate its provably fair, then yes I would not go near it.

Summing up
there's a real misconception that any Bitcoin casino that cannot show provable fairness is rigged. Not true. If it has got games from the central game provider and their online reputation is good within the forum community, then you're most often okay.

Also as a side note, the house edge per game is generally available. If you're interested, we've done a list of all games from game providers who accept Bitcoin and listed their house edges here: we are getting iSoftBet very shortly and I do also want to add in Netent and Microgaming games even though the not Bitcoin. If you care about house edge and probability, using a table like this is very helpful because there is reasonable variance between one game and another. http://kb.oshi.io/kb/what-is-your-rtp-return-to-player-per-game
 

loosing in a casino is not really to be blame in the casino itself but it should be blame to yourself. You were the one who put your money in risk so if you lost, it's not the casinos fault.
Anyway, to answer your question, I hardly trust them especially online casinos because tey can easily program it to cheat or something.

trusting a casino is a complex thing in my opinion. you have to trust their system to be fair which can be checked to some extent to make sure about this. also you have to trust them that they will remain fair in all your bets and also in the end they will not run away with your money.

I'm partly trusting them its really depending on which website, some websites can be trusted and some cannot be trusted at all its dependable if they have proven them selves and how their system is working.

Never just trust a "provably fair" statement - any provably fair casino should provide you a link to each and every recent bet that lets you verify that the random number was generated using a combination of your presumably private client key and their server-side key. It's not that hard to wade through the javascript to verify that they aren't sending along your private key -- any popular site has likely been verified many times by programmers who would be screaming bloody murder on this forum, and posting code examples, if they were cheating.

Yes I trust the bitcoin casino's because bitcoin casino's have a good future a head and if they have proven to be good there is no doubt for me.

I do trust them to some bitcoin casinos like BitVest because the mods there are really helpful when you encounter a problem.
But generally, I don't trust any casinos at all even if they say that they use a provably fair system. It's easy to state or claim that one is using a provably fair system, but you'd have to have a decent background on what provably fair is and look into the structure of the site yourself, which in my case is unlikely because I don't have much knowledge about provably fair.

No. Now they just put out a message on the biggest bitcoin casino that withdrawals are done manually and will take up to 24 hours for them to send them out, which they always were automatic before.
I don't know if they are going bankrupt or not that they don't have enough to pay out the ones who win big on their bets once they have been settled.

I keep my btc in my online wallet I never trust casinos.

I think trust the site will not guarantee your victory. so believe it or not on a casino site it will not change your fortunes won or lost in gambling. obvious that every gambling site is always reliable?
is it any site that manipulate provably fair ?

Yep,
The house always win, no matter what.
I still bet sometimes, but it's more as an entertainment them an investment or anything related.

It depends upon your luck and fairness of the casino. I trust some of the reputable gambling sites which have provably fair verification system. If you get addicted to gambling than it is likely you gonna loss all you have so don't consider gambling as a way to earn and play only for fun. There is also a statement 'house always win at last'.

Every buisness is set to earn money so is casino. They will make every possible move to earn money. I trust the mathematics behind provably fair which i dont understand, but i trust it. They might be tampering my secret hashes!

For me its depending what kind because some of them I really trust because they have proven themselves these days and also because they have a provable system that works.

I dont trust casinos even if online casino or not online its only the same that have tactics to the winners of the game to loose their winning money. I think all casino have this tactis and they use it in all big winners incasinos. And they only dont use it in small timers so that in the future or other day they bet again.

The problem with most online casinos are that they can state or claim that they use a  provably fair system but they're not. The only way to check it out is to actually look at their structure and assess for yourself which is highly not for everyone because not all bitcoin users, gamblers even, have that much advanced knowledge.

Why would you play at online casinos that you don't trust of course it's part of the game to trust where you are playing ,so you can concentrate on your game..

I probably should with the ones that are provably fair,  but bitcoin has made me beyond paranoid.   So I don't.   I prefer speculation with altcoins, but I have learned never to completely trust the exchanges and I don't keep much money on any of them.

This is so true!!
Even I also think that always the house wins and players lose. I had lost few of my Bitcoins in casino. Gambling is a risky deed, I was thinking about creating my own online casino.

before you play at casino online, you must search all information about them, whether they are a trusted gambling sites and have never had a problem in the payment.