Gamblers what do you think - page 3.

Wiwo

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Quote from: _act_ on October 25, 2024, 03:16:44 PM

Quote from: Z_MBFM on October 25, 2024, 02:33:21 PM

Rollbit web3 is not a casino it is a centralized platform

Do not confuse yourself, Rollbit is not Web3. Or if I am wrong, get a link that I can connect to Rollbit in a way that I can connect to my noncustodial wallet to fund my account. That is what Web3 is. But you are right that they are centralized. All Web3 casinos that I have known are also centralized.

Rollbit is not web3 casino as far as I know also, and there is no latest development in the Rollbit system that migrate them fro the normal traditional cryptocurrency casino to a Web3 at least, if there is anything like that, the team would have notified their community to keep them upto date we recent happings.

And concerning Rollbit token for r NFT, it just based on the web3 network and for sure the token aspect of Rollbit is far different from the casino, and as a matter of assumptions, I don't think Rollbit tokens are accepted on the casino to stake bets.

satscraper

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Quote from: ethereumhunter on October 26, 2024, 02:04:09 AM

Staking are just additional income for casino and to attract more people to playing gambling on their place.

Yeah, I understand this but at the same this is a way to bind your hands and feet. Bounded money (even for the small period) is the last thing I would want to see when visiting casinos.

Dropped in, took some games, withdrew ^{(or cashed at casino's cage when inside the land based gambling spot)}, got out ^{(with no money bind inside).} This is my gambling credo.

gunhell16

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Quote from: Smartprofit on October 26, 2024, 07:35:41 AM

I would prefer to receive my gambling winnings in the form of Bitcoin or Litecoin, rather than in the form of online casino tokens.

When I receive winnings in the form of tokens, I quickly exchange them for "harder currency", that is, for more liquid and widespread cryptocurrencies. At the same time, the release of online casinos' own tokens seems to me to be a very good marketing move. Many players like it, they accumulate these tokens to get more attractive gaming conditions.

Therefore, in my opinion, online casinos will continue their experiments with the release of their own tokens. This is an interesting practice.

As for me, I also prefer to bet crypto assets in gambling than usdt stablecoins. Because if you use crypto assets and the opportunity comes to win a huge amount, a huge amount of crypto assets will also go to our balance.

So, if for example the one you used to match is TRX/Tron and we took it out in gambling where we won a huge amount and we transferred it to a cex platform and we hold it there, the amount we won in the value of usdt is still an opportunity this will multiply the amount we received at the gambling casino, right?

Lida93

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Quote from: KiaKia on October 25, 2024, 11:21:00 AM

Apart from the part that they offer same casino games that we are all used to, this casino project has its own token and it is availbe on the solana blockchain, we all know that on the web2 type of betting platforms you gamble and lose or win, but on web3 like you can get the share of the revenue, what do you guys think? Also isn't this a part of the reason why RoLLBit seem cool?

This reminds me of our dear freebitco.in casino and their casino token but right now it's a different topic, so token doesn't really make any outstanding preference for me as a gambling in chosing my casino. There are more unique features and services that should make a casino distinguished, and having a token is the least of them. And moreover, be it a web2 or web3 type we still experience wins and losses.

ROLLBIT is a cool reputable online casino, nevertheless, their token wouldn't be a core reason I would want to make use of their platform. Perhaps op, you'll need to tell me more...

Smartprofit

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I would prefer to receive my gambling winnings in the form of Bitcoin or Litecoin, rather than in the form of online casino tokens.

When I receive winnings in the form of tokens, I quickly exchange them for "harder currency", that is, for more liquid and widespread cryptocurrencies. At the same time, the release of online casinos' own tokens seems to me to be a very good marketing move. Many players like it, they accumulate these tokens to get more attractive gaming conditions.

Therefore, in my opinion, online casinos will continue their experiments with the release of their own tokens. This is an interesting practice.

danherbias07

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I like it when investment and gambling are trying to be combined. I mean, Yolodice had success in letting their gamblers invest rather than playing and many members here have made profits out of that investment plan in Yolodice, including me. We even had a thread of the computation here before but I think we will need to dig deeper to see it again.
Now what you are proposing is like what Binance did by using BNB. It's not a bad idea but I had never seen an online gambling site that made success by creating their own coins and using it for more privileges. It's a risk, the expense of getting developers and a team to maintain the coin and of course the marketing too. Then, you will have to take care of the online gambling site too which could be a big workload.

ethereumhunter

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Quote from: satscraper on October 26, 2024, 01:01:40 AM

Quote from: KiaKia on October 25, 2024, 11:21:00 AM

Guys, is these following utilities enough to make a online casino stands out among the others?

1. Buyback of their tokens.
2. Revenue shares.
3. And stakings.

Apart from the part that they offer same casino games that we are all used to, this casino project has its own token and it is availbe on the solana blockchain, we all know that on the web2 type of betting platforms you gamble and lose or win, but on web3 like you can get the share of the revenue, what do you guys think? Also isn't this a part of the reason why RoLLBit seem cool?

Casinos are solely for gambling rather than for staking ^{(which is supported by the numerous dedicated platforms available around crypto)}thus I would not highlight the latter as the attractive part of their essence. Tokens are also out of my interest thus I would not bite this bait. Revenue shares is a good gamblers trap ^{(solely my view)} that has potential to get new customers providing they are not gambling-haters.

Staking are just additional income for casino and to attract more people to playing gambling on their place. Without staking, I guess casino can use promotion to attract people comes and that is not easy because they must compete with the other casinos. But if some casinos interest with creating tokens, that will be up to them but they must adjust their plan first and research the benefits for their casino. Not many people wants to invest in the casino tokens and they still prefer to invest in Bitcoin. Only whales that have much money and could allocate their money in many coins or tokens who wants to diversify their assets in crypto but that will depends on how good the casino.

satscraper

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Quote from: KiaKia on October 25, 2024, 11:21:00 AM

Guys, is these following utilities enough to make a online casino stands out among the others?

1. Buyback of their tokens.
2. Revenue shares.
3. And stakings.

Apart from the part that they offer same casino games that we are all used to, this casino project has its own token and it is availbe on the solana blockchain, we all know that on the web2 type of betting platforms you gamble and lose or win, but on web3 like you can get the share of the revenue, what do you guys think? Also isn't this a part of the reason why RoLLBit seem cool?

Casinos are solely for gambling rather than for staking ^{(which is supported by the numerous dedicated platforms available around crypto)}thus I would not highlight the latter as the attractive part of their essence. Tokens are also out of my interest thus I would not bite this bait. Revenue shares is a good gamblers trap ^{(solely my view)} that has potential to get new customers providing they are not gambling-haters.

Julien_Olynpic

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I like it when a casino or bookmaker has its own token, it is always very interesting. In my opinion, having your own token significantly expands the marketing capabilities of the gaming platform. After all, it is actually an additional tool for attracting users. Perhaps someone was not familiar with the gaming platform, but simply traded the token. In the process of trading, many users may become interested in the gaming part of the brand. They can go to the gaming platform as curious people and explore the games on the platform, satisfying their curiosity.

peter0425

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Quote from: KiaKia on October 25, 2024, 11:21:00 AM

Guys, is these following utilities enough to make a online casino stands out among the others?

1. Buyback of their tokens.
2. Revenue shares.
3. And stakings.

Honestly it depends.

Not all gamblers are looking for a new token to invest in. While profit is in mind of course, not every gambler is looking to benefit from revenue shares. Utmost priority is still the gambling features. Interface and user experience are what a gambler who regularly gambles would look out for.

Good selection of games, promos, marketing, withdrawal requirements, and bonuses could make or break a casino, and of course the community they can build.

jcojci

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If a casino wants to be stands out among the others, they must be able to serves their members better than the other casino. That is the key so when they succeed with that, they can create their tokens and offers many things benefits to their members. Having a token will be a secondary things for the casino to attract more people to becomes their members.

If people see the casino have reputation and trusted by many gamblers, they will want to invest their money to buy the token from casino. They will see staking, buyback the token, and revenue shares will be additional income for them while they are playing gambling.

Japinat

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Quote from: yahoo62278 on October 25, 2024, 10:07:55 PM

I'd be pretty careful when it comes to tokenized casinos. I haven't seen it work out to well for investors too often. Betking, Bitdice, Betterbets, and many others tokenized their product and screwed their investors over royally.

Does tokenizing mean it's a guaranteed scam going to happen? No, but be careful and invest only what you can afford to lose if they do scam. They're all going to make it sound great, but rarely have they followed through.

Exactly! Based on observation, hardly any gambling projects out there have really taken off, especially those that tokenized their casinos. Most of the big successes are privately funded, so if we’re sticking to the trend, it’s smart to stay cautious and not just dive into everything that seems tempting.

As for @yahoo62278, he’s been around for years, investing and running all kinds of projects through signatures, so I’d trust his judgment.

Hirose UK

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Quote from: yudi09 on October 25, 2024, 01:26:49 PM

Quote from: KiaKia on October 25, 2024, 11:21:00 AM

Apart from the part that they offer same casino games that we are all used to, this casino project has its own token and it is availbe on the solana blockchain, we all know that on the web2 type of betting platforms you gamble and lose or win, but on web3 like you can get the share of the revenue, what do you guys think? Also isn't this a part of the reason why RoLLBit seem cool?

Rollbit is cool even though other casinos are initiating telegram games that are said to be trending in new casinos.
It's not just Rollbit that has its own token, there are other casinos that have their own tokens, but I myself don't know why RLB is a more dominant gambler token.
Such an idea is good, but not necessarily for others.

There are many benefits that can be obtained by the casino, they indirectly get promotion on behalf of their gambling site and get other benefits from the adoption of the tokens they have when many people use them and get bigger investors.
If think logically, actually we as gamblers don't really get much benefit from all of this but the casino itself is the one that predominantly gets it, maybe we can follow the market and make purchases because the rise and fall of casino tokens tends to be faster but I haven't seen many big casinos succeed with all of this.

yahoo62278

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I'd be pretty careful when it comes to tokenized casinos. I haven't seen it work out to well for investors too often. Betking, Bitdice, Betterbets, and many others tokenized their product and screwed their investors over royally.

Does tokenizing mean it's a guaranteed scam going to happen? No, but be careful and invest only what you can afford to lose if they do scam. They're all going to make it sound great, but rarely have they followed through.

Wexnident

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Quote from: KiaKia on October 25, 2024, 11:21:00 AM

~

I still see no reason for tokens in itself. In essence, they're just VIP statuses and if that's that, there's REALLY no need to reinvent the wheel. Just improve the VIP logic that they use. It doesn't need to be a token and not to mention that the token invites a sort of competitive market since the value of it would naturally decrease/increase (more likely to decrease really) in the long run. At that point, unless it has a big incentive (and no, the coin going up is not an incentive imo, it's not guaranteed after all, just a probability), it's not really worth it.

Darker45

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I'm not a big fan of casinos that issue their own tokens. That sounds a double-whammy to me. First, you are most likely to lose money in a casino. Second, that casino's token will also most likely lose value over time. Not to mention that the development team owns the largest slice of the token's supply. That's easy and free money for them.

There are existing casinos that offer cashbacks, investment, and staking opportunities without creating their own tokens.

Weawant

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It will be a strategy to get some more players picking the casino as their choice so it's likely a way of getting more gamblers to joining a particular casino as we al know that betting isn't completely a win some game so an opportunity to get back some share of the funds you lost wouldn't be a bad idea and would want to make some hop on, just like you mentioned a casino already. Staking wouldn't be a bad idea same as the revenue share but the buy back token may not sit well with many others though it may depend on the terms anyways.

uneng

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Quote from: KiaKia on October 25, 2024, 11:21:00 AM

Guys, is these following utilities enough to make a online casino stands out among the others?

1. Buyback of their tokens.
2. Revenue shares.
3. And stakings.

Apart from the part that they offer same casino games that we are all used to, this casino project has its own token and it is availbe on the solana blockchain, we all know that on the web2 type of betting platforms you gamble and lose or win, but on web3 like you can get the share of the revenue, what do you guys think? Also isn't this a part of the reason why RoLLBit seem cool?

No, this isn't enough. There are already different casinos which tried offering their own native tokens, but failed standing out among its competitors. After all, these native tokens aren't profitable for investors on long term, making them worthless if considered as investments. Moreover, gamblers are interested in gambling, not in tokens investments. Meanwhile, neither investors are interested in such tokens, because there are more interesting opportunities in crypto market which don't involve investing in crypto casinos, considering this category of investment has a negative history in our timeline.

The only profitable kind of investment related to gambling industry was bankroll investment in popular crypto casinos, like Crypto-Games and YoloDice. However, it's not available anymore. Anyway, it wasn't enough to make a casino stand out among the others, as YoloDice was closed and Crypto-Games didn't maintain its influence along the years.

Accardo

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The revenue share? That would be grand for players, but it's a waste of time. The money would be sent back to the casino. There'll be no difference with using the wins as a revenue for players. However, the current ad revenue share on other social platforms, could drag in casinos to reconsider this kind of marketing scheme.

Which will get more players who hope to receive revenues for gambling for a period of 2 weeks or a month. Wouldn't rules affect how the sharing is distributed? It'll all favor them, and convert players to complete call gambling a job.

Hispo

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Quote from: KiaKia on October 25, 2024, 11:21:00 AM

..., we all know that on the web2 type of betting platforms you gamble and lose or win, but on web3 like you can get the share of the revenue, what do you guys think? Also isn't this a part of the reason why RoLLBit seem cool?

My problem with the so-called decentralized casinos or Web3 casinos which alledgedly work thanks to the deployment of smart contracts in a Blockchain like Ethereum or Solana is the fact most of them are not as decentralized s they actually claim, the smart contracts are coded so they all have a little "back door" for the owner of the casino to use their private keys to pass through the protocol and carry out operations which nobody else as a gambler could be able to do in the first place, some argue it is a safeguard in case the protocol of the casino is interrupted by a serious bug and funds are locked, so the owner of the casino could retrieve all and help gamblers not to lose their money, but either way that turns a Web3 casino or betting book in nothing but a centralized casino/service which uses the premise of Blockchain technology as a marketing model.
The revenue sharing could be tempting to many, but it is also an aspect of those casinos which could be intervened by the master private key held by the owner of the casino.

Topic: Gamblers what do you think - page 3. (Read 899 times)