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Topic: Fake bets - page 8. (Read 2749 times)

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legendary
Activity: 4060
Merit: 1448
October 11, 2021, 02:45:12 PM
Quote
It was just a matter of time.

1000 into 50,000 is only a matter of time ?  What have I been doing wrong if its supposed to work out like that.    What I think is more likely is 50x 1000 might be needed to win back the 50k and maybe worse odds if you prove unlucky.   Watching someone spending a ton of cash only winning back the exact odds anyone else could, this is positively sainthood levels of promotion honesty compared to most tricks in the advertising business.   Just look at fashion and modelling, all the tricks they pull to create fake pictures of models for front covers which then has teenage girls taken down the road of body dysmorphia.  Is that illegal apparently not but its highly deceptive, basically a lie so profitable the government waves it through to carry on tricking more people.
legendary
Activity: 1778
Merit: 1009
Degen in the Space
October 11, 2021, 02:37:33 PM
I really hate Lying site because this comes to fooling people/gamblers  if a company really paying for this fake bets streaming then i think there is something to explain for.
though almost every casino has their own strategy and i also believe that many of them are doing the same faking of bets.

regardless of whether this action is called cheating or not, I think this goes back to an individual perspective because here especially in this case there are no written rules about something.
and when you look at it from one side to the other this is a strategy they use to attract fans, regardless of whether it's dirty or not, they are sure to succeed.
and here we can't blame the people who work with the casino because they are just workers. what needs to be emphasized is why you are interested because it is clear that such a thing must have been arranged.
I believe there are no deceptive gambling platforms because those gains and losses will always depend on you regardless of what happens in the game, it's a battle of luck, and we must not forget that this is still gambling. As long as the platforms pay, those fake bets by streamers might be nothing more than advertisements, similar to what other influencers or models do to make a product look good.

One of the issues here is that many are quite greedy, seeking to share the same rewards as the streamers. These methods, or should we say advertisements, are only intended to lure consumers; it is still your responsibility to observe and research the gambling platform, and your winnings will be decided by your luck, not theirs. Tongue
member
Activity: 364
Merit: 14
October 11, 2021, 02:21:41 PM
I really hate Lying site because this comes to fooling people/gamblers  if a company really paying for this fake bets streaming then i think there is something to explain for.
though almost every casino has their own strategy and i also believe that many of them are doing the same faking of bets.

regardless of whether this action is called cheating or not, I think this goes back to an individual perspective because here especially in this case there are no written rules about something.
and when you look at it from one side to the other this is a strategy they use to attract fans, regardless of whether it's dirty or not, they are sure to succeed.
and here we can't blame the people who work with the casino because they are just workers. what needs to be emphasized is why you are interested because it is clear that such a thing must have been arranged.
sr. member
Activity: 1554
Merit: 260
October 11, 2021, 12:39:03 PM
Edit:
This seems to be a pretty controversial subject, so I decided to write this blog post to expand on my thoughts on this:
https://twitter.com/CSGOEmpireV2/status/1375068884584267778


I'm curious to hear what the Bitcointalk community thinks about this topic;

Casinos using fake bets to attract new players.

I was surprised to learn that the vast majority of videos and streams on Roobet.com are actually fake.
Here are a couple of examples of different deal formats that casinos are making with the influencers:

A) Bet amount inflation; The streamer only wants to gamble with $100. The site gives them "$10000" in funds, but only 1% of this is withdrawable. The viewers will think that the streamer is gambling with $10000, while in reality, they're only risking $100.

B) Infinite refills; The casino makes an agreement with the streamer. Let's say they want to pay the streamer $50,000 for a sponsorship contract. They start giving the streamer endless $1000 refills, which the streamer is supposed to gamble with. They will repeat this process until they "win" $50,000. The streamer will pretend to be shocked and highlight this big win in all of their social media channels. However, the truth is that there were zero risks involved for the streamer, and the final outcome was already known -- It was just a matter of time.

I brought this topic up in Roobet's Bitcointalk thread, and I was quite surprised to see a lot of people defending them, saying that this is totally justified. They mentioned points such as:
- "This has been going on for years. It's normal in the casino community."
- "The streamers are honest about it. They have a disclaimer somewhere stating that it's fake." (Their explanations usually are very indirect and abstract.)

In my personal opinion, this sort of marketing is highly deceiving and dishonest. Roobet (and other casinos) are inflating their systems with fake bets, pretending to be more popular than they really are. This is a loss for both, legit sites that don't want to inflate their numbers, and legit streamers who don't want to participate in the circus of fake bets and fake reactions.

What do you think?

In my opinion, this is a new form of marketing that has yet to be regulated. If the viewer of such a video was informed that it is only a demo, instruction or demonstration without risk involved, it would be fine. In case it is covered up that it is just a show, it is unethical in my opinion. I think that soon the services that provide this type of video will regulate this and it will be eliminated.
legendary
Activity: 2688
Merit: 1192
October 11, 2021, 12:07:06 PM
Have you guys heard about the Twitch leak?

Monthly payments to top streamers from Twitch:

Gross payments from August 2019 to September 2021:

These are only direct payments from Twitch! It does not include advertising revenues, merchandise sales donations, etc.
I think that scammers simply don’t have enough money to order advertising from such guys, and streamers will never risk their huge income for one-time earnings.

It is pretty crazy how much these streamers are getting paid by Twitch. Do you know if this is purely from subscriptions or is Twitch paying them directly in order to keep them on the platform? It makes you think that these people shouldn't be too much more greedy when it comes to sponsorship's, it'd be quite refreshing if everyone was open with what they were getting paid extra to promote and might even make the products more desirable if we knew up front. Nobody minds these people getting free products, but their views and feedback should always be a 100% genuine - it would help the company too if they were really interested in releasing only the best.
hero member
Activity: 3108
Merit: 577
Leading Crypto Sports Betting & Casino Platform
October 10, 2021, 01:39:01 PM
As long as you don't have tangible proves to support the claims you may not attract a good audience to this issue, most shady gambling sites are involved in so many illegal activities and promotions that are not real.
It's a real thing for shady casinos, they won't be called shady if they're not doing anything such as fraud and fake bets. They'll engage on it no matter what because they're aiming to gain the reputation that they want. But for them to claim that, they won't care doing these shortcuts and trick that won't be really good their business if someone happens to know that they've been doing it.

But I think any gambling site that will like to last long in the business will try as much as possible to attract real players.
I agree but with proper marketing ideas.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
October 10, 2021, 11:59:35 AM
Edit:
This seems to be a pretty controversial subject, so I decided to write this blog post to expand on my thoughts on this:
https://twitter.com/CSGOEmpireV2/status/1375068884584267778


I'm curious to hear what the Bitcointalk community thinks about this topic;

Casinos using fake bets to attract new players.

I was surprised to learn that the vast majority of videos and streams on Roobet.com are actually fake.
Here are a couple of examples of different deal formats that casinos are making with the influencers:

A) Bet amount inflation; The streamer only wants to gamble with $100. The site gives them "$10000" in funds, but only 1% of this is withdrawable. The viewers will think that the streamer is gambling with $10000, while in reality, they're only risking $100.

B) Infinite refills; The casino makes an agreement with the streamer. Let's say they want to pay the streamer $50,000 for a sponsorship contract. They start giving the streamer endless $1000 refills, which the streamer is supposed to gamble with. They will repeat this process until they "win" $50,000. The streamer will pretend to be shocked and highlight this big win in all of their social media channels. However, the truth is that there were zero risks involved for the streamer, and the final outcome was already known -- It was just a matter of time.

I brought this topic up in Roobet's Bitcointalk thread, and I was quite surprised to see a lot of people defending them, saying that this is totally justified. They mentioned points such as:
- "This has been going on for years. It's normal in the casino community."
- "The streamers are honest about it. They have a disclaimer somewhere stating that it's fake." (Their explanations usually are very indirect and abstract.)

In my personal opinion, this sort of marketing is highly deceiving and dishonest. Roobet (and other casinos) are inflating their systems with fake bets, pretending to be more popular than they really are. This is a loss for both, legit sites that don't want to inflate their numbers, and legit streamers who don't want to participate in the circus of fake bets and fake reactions.

What do you think?
Well, I guess this is one of the reasons why the world is so strict and hard for the upright and honest man, like it or not, the truth remains that it's been this way for ages now, and I don't think anything can be done to stop it except christ comes, this make-believe kind of advertising has been on and it's been one of the major strategies used by big companies(even outside crypto and betting) to gain customers.
This is why its adviced to always do your own research before trusting any firm with your money, never trust or believe everything you see or hear in advertisements most especially, the sponsored ones as they are sure full of make-believe stuffs very far from what actually is the reality.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
October 10, 2021, 11:57:24 AM
This is why we also need to cautious on the gambling site we choose and always make sure that we are dealing with popular/reputable casinos advertised in youtube so that the risk is  not high compare to unknown casino which has been advertisement by suspicious streamers which doesn't have credibility to market a casino.

And its somehow easy to spot them since most of them show an edited vids and always show unrealistic result and profits to their viewers.
The issue is that this forum is not as popular as it was with newbies back in the day, years ago if you wanted to find anything related to crypto this forum was the place to go, since then newbies have a lot more options to find out about anything related to crypto in social media, and since many young people are heavy consumers of social media they prefer to obtain their information from those sources than to come to this forum, and unfortunately this means they decide to follow those fake ads.

I'll take the case of 1XBIT, if these gamblers who've been scammed already know the existence of Bitcointalk and how active the forum is when it comes to gambling discussion they would have joined casinos with a good reputation, many new gamblers are recruited on the ads and social media ads, this is why many scam casinos pour a lot of money on social media and buying ads space on popular platform
And your example is what happens when those people do not make their due diligence or they try to make it at the wrong places, there are review sites that also give their impression about the casinos they review but it is rare you will find a good review site, why? Because they are paid to give good reviews or directly tell the casino what they are about to do and the casino gives them preferential treatment which defeats the purpose of the review, while in the forum you will find people that actually played there and have no incentive to lie about their experience.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
October 10, 2021, 10:34:31 AM
There are almost hidden disclaimers on what I perceive as paid advertisements which of course is common in the advertising industry. Not all streamers doing these kinds of reviews might put all of the factual information and instead will leave you wanting for more information. Internet personalities are not all nice guys in my opinion. Some have agendas of their own and they make sure that they hide any sense of falsehoods under their skills in acting.

Many are doing that, they are only after with the potential profits that they and get from their viewers. Not all are nice, but most are wise to lead you to follow them and bring them nice cash in their wallets. It's barely needed to make sure that you fully understand what you'll going to do. Not doing your research will always lead you to risk.

Disclaimer or anything that streamers provide still not an assurance or protections, any participation that you'll going to do are still all on your shoulders. Best to be wise if you are only looking to have some fun.

Play responsibly and forget about those fake bets that you watch. Be more realistic and aim for your desired target.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
October 10, 2021, 10:21:17 AM
I suggest not putting or leaving many in casino if no plans in playing within that day or week. We never what may happen within that time as the crypto market is volatile as well we can’t guarantee the casino capability it’s better to withdraw if done playing or no plans in playing again in short period of time. It’s like in trading we never know if the market will drop and we don’t want to invest in that coins for long term then better shift it to much stable currency or safety. It’s our chance to keep our self away from the burden of hack or system interruptions that may happen while were not online or not gambling.

That's absolutely correct. It's always better not to keep our coins on exchanges/gambling websites for a long time.
If we intend not to use coins on the platform then we are better off at withdrawing those coins to our wallet to prevent being a victim of a hack/scam.
Also, in some casinos USDT are deposited to our wallet when we deposit the cryptocurrencies and we have to play with the USDT then.
So if we deposit more number of coins and if the market goes in a downtrend then if we withdraw we get low number of coins.
So it's better to withdraw the coins while their value is high and in profits.
hero member
Activity: 2716
Merit: 698
Dimon69
October 10, 2021, 10:12:03 AM
There are many such fraudulent bets for playing online casino scams even if the various platforms show legitimacy. That's why you need to know the marketing strategies before playing casino these will protect gamblers from fraud if the luck is good it is possible to win gambling sites need to be considered carefully and verified to be valid. Although many casino sites are added after greed they may not last very long you need to know the strategies before investing capital.
I suggest not putting or leaving many in casino if no plans in playing within that day or week. We never what may happen within that time as the crypto market is volatile as well we can’t guarantee the casino capability it’s better to withdraw if done playing or no plans in playing again in short period of time. It’s like in trading we never know if the market will drop and we don’t want to invest in that coins for long term then better shift it to much stable currency or safety. It’s our chance to keep our self away from the burden of hack or system interruptions that may happen while were not online or not gambling.
hero member
Activity: 2422
Merit: 875
October 10, 2021, 08:55:51 AM
There are many such fraudulent bets for playing online casino scams even if the various platforms show legitimacy. That's why you need to know the marketing strategies before playing casino these will protect gamblers from fraud if the luck is good it is possible to win gambling sites need to be considered carefully and verified to be valid. Although many casino sites are added after greed they may not last very long you need to know the strategies before investing capital.
If it's on a reputable casino, it's unlikely that they'll do that even in marketing. Most of those casinos that are likely engaged with this marketing and strategy are the newer ones.
They're building their reputation and having those fake bets that seems to be high is part of the attraction to make it look that they've been used by a whale gambler.

I think the reputable casino won't even think of placing such bets on their sites. If they do so, they will lose not only the customers (gamblers) but also the trust. They should not even think of doing  paid promotion on their site and do not make money through fake methods.
hero member
Activity: 2520
Merit: 783
October 10, 2021, 08:00:43 AM
I am very much strongly against this.

I think that it is a dishonest practice, to put it bluntly. No consumer should make their decision off of some streamer who has an infinite money glitch from the casino.

It truly sensationalises a lot of the content and makes the streamers a lot richer than they actually are in reality... Not a fan.
Its their job and even if we are against to it, that's how the casinos work and they'll do everything to attract many gamblers as much as possible. That streamer knows the risk of being exposed to gambling especially you have many followers that might put you on bigger risk but since they are working for money, they'll do it anyway. If you see fake bets on the casinos you're playing, better to raise your concern and also tell people about it so they can leave that casinos as well.

Every Streamer chooses how to monetize content, but I believe that self-respecting Streamer and most importantly respecting their subscribers will not take part in advertising that can have a negative impact on people who trust him. If a streamer engages in such activities, he spits in the face of his subscribers, so I refuse such content and advise others to do so.  
The streamers can promote any gambling site he wants, but he has to ensure that it will not ruin his reputation so his subscribers will continue to patronieze the channel. Being a streamer, their best asset is their viewers, so no viewers means no influence on what they are promoting.
streamers nowadays only plays good  in the beginning to lure more and more followers/viewers .

but in the long run when they already had the enough followers? then they will do anything they want in the name of money and in this area they will promote everything caring nothing if their reputation will explode.

that is what people do for the sake of money.
This mostly happens when the goal of creating new contents is to make money not looking at the later effect that might be a later to new gamblers that are betting in the platforms they advise there followers to bet on claiming they had already tested they platform to be a good one just to make extra penny. This is why we should not be moved by what we see on social media

Most of the youtuber do something like that is not promoting responsible gambling, they promote what they think they can earn and some other content creator there doesn't give a damn about how their followers will go thru since what is more important to them is the money they can possible collect thru the referrals and youtube views. That also the reason why we don't need to follow what those content creator say and we should always listen to our own personal opinion.
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
October 10, 2021, 06:48:59 AM
There are almost hidden disclaimers on what I perceive as paid advertisements which of course is common in the advertising industry. Not all streamers doing these kinds of reviews might put all of the factual information and instead will leave you wanting for more information. Internet personalities are not all nice guys in my opinion. Some have agendas of their own and they make sure that they hide any sense of falsehoods under their skills in acting.
member
Activity: 336
Merit: 16
October 10, 2021, 05:34:51 AM
As long as you don't have tangible proves to support the claims you may not attract a good audience to this issue, most shady gambling sites are involved in so many illegal activities and promotions that are not real. But I think any gambling site that will like to last long in the business will try as much as possible to attract real players.
hero member
Activity: 1134
Merit: 535
fillippone - Winner contest Pizza 2022
October 10, 2021, 05:21:34 AM
I am very much strongly against this.

I think that it is a dishonest practice, to put it bluntly. No consumer should make their decision off of some streamer who has an infinite money glitch from the casino.

It truly sensationalises a lot of the content and makes the streamers a lot richer than they actually are in reality... Not a fan.
Its their job and even if we are against to it, that's how the casinos work and they'll do everything to attract many gamblers as much as possible. That streamer knows the risk of being exposed to gambling especially you have many followers that might put you on bigger risk but since they are working for money, they'll do it anyway. If you see fake bets on the casinos you're playing, better to raise your concern and also tell people about it so they can leave that casinos as well.

Every Streamer chooses how to monetize content, but I believe that self-respecting Streamer and most importantly respecting their subscribers will not take part in advertising that can have a negative impact on people who trust him. If a streamer engages in such activities, he spits in the face of his subscribers, so I refuse such content and advise others to do so. 
The streamers can promote any gambling site he wants, but he has to ensure that it will not ruin his reputation so his subscribers will continue to patronieze the channel. Being a streamer, their best asset is their viewers, so no viewers means no influence on what they are promoting.
streamers nowadays only plays good  in the beginning to lure more and more followers/viewers .

but in the long run when they already had the enough followers? then they will do anything they want in the name of money and in this area they will promote everything caring nothing if their reputation will explode.

that is what people do for the sake of money.
This mostly happens when the goal of creating new contents is to make money not looking at the later effect that might be a later to new gamblers that are betting in the platforms they advise there followers to bet on claiming they had already tested they platform to be a good one just to make extra penny. This is why we should not be moved by what we see on social media
sr. member
Activity: 1498
Merit: 416
October 10, 2021, 04:51:09 AM
If it's on a reputable casino, it's unlikely that they'll do that even in marketing. Most of those casinos that are likely engaged with this marketing and strategy are the newer ones.
They're building their reputation and having those fake bets that seems to be high is part of the attraction to make it look that they've been used by a whale gambler.
I would agree. There's no real need to go balls-deep into advertising if you're already an established entity in the market you're working on, and with Gambling Industry becoming more and more like a monopoly, the competition will be tough for those who are at the bottom of the ladder while the ones at the top could rest easy. So we can safely assume that whatever gambling firm does this tactic, they're prolly new to the scene and are trying to make a name for themselves by going all-in with the advertisements courtesy of the streamer they are sponsoring.
I really hate Lying site because this comes to fooling people/gamblers  if a company really paying for this fake bets streaming then i think there is something to explain for.
though almost every casino has their own strategy and i also believe that many of them are doing the same faking of bets.

Then again, you have to understand that there's no real drawback against the people who are playing in the site, so what if these people are being paid thru the bets and they make it so they earn it through the games. The players and patrons aren't really disadvantaged in any way possible because at the end of the day, gambling should be taken for what it is, a game that you can lose. If you gamble, you expect to enjoy and have fun, not to win big because if you do the latter, you'll be disappointed big time.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
October 10, 2021, 02:55:12 AM
There are many such fraudulent bets for playing online casino scams even if the various platforms show legitimacy. That's why you need to know the marketing strategies before playing casino these will protect gamblers from fraud if the luck is good it is possible to win gambling sites need to be considered carefully and verified to be valid. Although many casino sites are added after greed they may not last very long you need to know the strategies before investing capital.
If it's on a reputable casino, it's unlikely that they'll do that even in marketing. Most of those casinos that are likely engaged with this marketing and strategy are the newer ones.
They're building their reputation and having those fake bets that seems to be high is part of the attraction to make it look that they've been used by a whale gambler.
legendary
Activity: 1708
Merit: 1280
Top Crypto Casino
October 09, 2021, 04:34:45 AM
I really hate Lying site because this comes to fooling people/gamblers  if a company really paying for this fake bets streaming then i think there is something to explain for.
though almost every casino has their strategy and I also believe that many of them are doing the same faking of bets.


It's part of the sponsorship I guess having a payment to the streamer is giving them a token but AFAIK they cannot withdraw those funds instead they need to farm or share on the stream those gambling games to be part of the contract. This kind of thing considered a fake bet? I guess not because still, it becomes part of the wage on their platform. Most of the gambling platforms use this kind of strategy so nothing wrong with it. At the end of the day still, the gambler is responsible.
legendary
Activity: 1610
Merit: 1193
Gamble responsibly
October 09, 2021, 02:38:04 AM
Nothing is wrong with that as long as the online casino is a legitimate provably fair casino. And yes that's part of the marketing strategy to show the public how fair the online casino is upon playing several of the games offered by the online casino.
But the problem is, most of the streamers are deceiving the viewers as If they're playing with their own money.
Your statements are contracting, you said there is nothing wrong about it, you later said people are deceived. Is there nothing wrong for a company to be deceiving people? There is something wrong about that to me. Many gambling companies will always use this strategy but it is wrong. I will wonder if someone win a very big amount of money and the company will not be able to pay because I believe upcoming gambling sites will have such wrong deceit as a marketing strategy, fake bets are very wrong.
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