Pages:
Author

Topic: Gambling License - page 12. (Read 1618 times)

hero member
Activity: 2856
Merit: 674
October 01, 2020, 05:00:05 AM
#11
i dont call my self a pro but i can be a casual gambler . i dont check the license but i just play on the casino that i think not a scam . all of them are registered , they claim that within thier site . having these two is already enough and the place where it was registered is not a big deal to me but idk to some  . if they are pro and big bettors , they probably care with it because they dont want to waste every bet they make . mostly the sites that i use are under curacao . curacao accept what they think is legit but they dont know if what happens next , the gambling site can do shady acts but curacao can always reverse the contract if found out so that their reputation will not be affected .

I heard about some casinos are hyping us about their curabao license, but to be honest, I am not impress with that as license is a basic requirement in order for them to operation, but reputation is the most important as it will be build along the way.

Some sites have good reputation, so if you'll ask me, I would not doubt anymore about their license, if they don't have, then they must be special for people to like them despite being unlicensed. Actually the word license should not be a big deal as we are in crypto, what we value is anonymity and license means we have to comply some regulation which would defeat the purpose of anonymity.
full member
Activity: 1638
Merit: 122
October 01, 2020, 04:44:45 AM
#10
i dont call my self a pro but i can be a casual gambler . i dont check the license but i just play on the casino that i think not a scam . all of them are registered , they claim that within thier site . having these two is already enough and the place where it was registered is not a big deal to me but idk to some  . if they are pro and big bettors , they probably care with it because they dont want to waste every bet they make . mostly the sites that i use are under curacao . curacao accept what they think is legit but they dont know if what happens next , the gambling site can do shady acts but curacao can always reverse the contract if found out so that their reputation will not be affected .
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
October 01, 2020, 04:24:00 AM
#9

Having a license doesn't mean a business is fair. A simple example is butstarz casino which is registered in Curacao but their reputation is really bad in bitcointalk.


That depends on what country you have license. We all know that Curacao license doesn't mean at all, Curacao license only requires fee and a fair system on the casino so as long as you meet that requirements, Casino are already good to go without no further investigation after the initial one. Although some trusted casino have a Curacao license due to favorable tax for the operator.


Answering the third question. It's easy to spot a scam new casino. You can check the quality of domain, hosting, script, UI/UX design and there marketing. If they show a good quality casino that looks like they invested a lot of money to build it then that is a good sign that the operator is serious on establishing and operating the casino for the long run.
sr. member
Activity: 1988
Merit: 275
October 01, 2020, 04:20:07 AM
#8

Questions:

2. Is it enough that they offer provably fair games?

3. If it's an "old" casino, you can check their reputation and reviews from players but what if it's new?


My approach for new casinos is that I usually only play with small fund (less than $50) and see if everything is alright. When there are issues withdrawing my initial funds again I know something is wrong with casino and I am glad for not depositing more money.


That is a nice approach and way to know a genuine gambling site. I don't depend on review a lot or the extent that they have existed. I depend on my own experience with them to build my own trust level. I will not start with huge amount until I can now get some trust based on how my withdrawal is with them, because withdrawal is the ultimate in it all.

But feedback from users is also important to see how they treat all levels of players. Are they resolving issues whether it is just a small one? So reading their thread here, if there's any, will give you insights on how they are managing their business. But it is also true, to get the real experience, start small and see how it goes from there. Actual experience is necessary to gauge how you feel playing on a particular casino. If it satisfies your playing experience or not. And from there, you can also check the provable fairness of the game, where casinos usually have their own section to check the fairness of the game.

There are threads here in the forum having in-depth discussion on this topic and tutorials for some casinos :

https://bitcointalksearch.org/topic/do-you-verify-every-bet-as-a-gambler-provably-fair-guide-5227525 -  How fair is Provably Fair? Do you verify every bet as a gambler? (New Update)
https://bitcointalksearch.org/topic/how-to-check-fairness-of-your-bet-based-on-luckydice-5235045 - How to check fairness of your bet - based on Luckydice
https://bitcointalksearch.org/topic/luckylat-bets-verifier-for-luckybit-5278377    - 🍀Lucky.lat🍀 - Bets verifier for Luckybit
hero member
Activity: 2982
Merit: 610
October 01, 2020, 04:06:46 AM
#7
I am more on the reputation than the license, why? because reputation means casinos are operating profitably as there's a lot of gamblers who trusted them. I just think that even if we are playing in a license casino and then we got scammed for let's say an amount of $1,000, how far we go to go after the casino?  Me, I just for move on and accept the loses, besides I don't gamble what I can't afford to lose.
member
Activity: 1302
Merit: 25
October 01, 2020, 04:02:44 AM
#6

Questions:

2. Is it enough that they offer provably fair games?

3. If it's an "old" casino, you can check their reputation and reviews from players but what if it's new?


My approach for new casinos is that I usually only play with small fund (less than $50) and see if everything is alright. When there are issues withdrawing my initial funds again I know something is wrong with casino and I am glad for not depositing more money.


That is a nice approach and way to know a genuine gambling site. I don't depend on review a lot or the extent that they have existed. I depend on my own experience with them to build my own trust level. I will not start with huge amount until I can now get some trust based on how my withdrawal is with them, because withdrawal is the ultimate in it all.
hero member
Activity: 1974
Merit: 534
October 01, 2020, 03:37:44 AM
#5

Questions:

2. Is it enough that they offer provably fair games?

3. If it's an "old" casino, you can check their reputation and reviews from players but what if it's new?



I think your question 2 and 3 are very closely related. Unforntunately a gambling license is not a guarantee that the games are fair games. It would still be on us gamblers to check the games if the are actually fair games. Most gamers just rely on the reputation of a good casinos and look for reviews. So with new casinos it's hard for anybody to determine if it's legit or a scam. The casino website could be 100% legit, with license, provably fair games and everything, and in the end it could still be a scam if you have issue when withdrawing money from the casino site. My approach for new casinos is that I usually only play with small fund (less than $50) and see if everything is alright. When there are issues withdrawing my initial funds again I know something is wrong with casino and I am glad for not depositing more money.
 
TGD
hero member
Activity: 1288
Merit: 620
Wen Rolex?
October 01, 2020, 03:05:07 AM
#4

Would it make any difference to you if they're registered in Malta or UK where regulations are said to be of the highest standards?

I will make a big difference of ever a casino get a license from a more stricter country like UK because gambler can guarantee that the regulators do there job to audit the casino before they give the license unlike Curaçao license that anyone can get as long as you have money to pay them.

The problem was the qualification standard of the casino to get that license. I believe casino under UK will require user to do KYC and will imposed a lot of rules that will not beneficial for online gamblers. There's always a pros and cons on this discussion.
legendary
Activity: 3374
Merit: 1922
Shuffle.com
October 01, 2020, 02:59:34 AM
#3
Since avikz already answered the first question i'll start with the second question.

2. Is it enough that they offer provably fair games?
For me the provably fair games aren't enough. With or without the license they could easily lose their reputation if they couldn't maintain their reliability.

3. If it's an "old" casino, you can check their reputation and reviews from players but what if it's new?
If it's a new casino better wait for other gamblers to try it out since the games are usually the same.

Would it make any difference to you if they're registered in Malta or UK where regulations are said to be of the highest standards?
No. I don't rely on the license of a casino that much since there's also bitcoin casinos here that didn't have a license and still treat their players fair.
legendary
Activity: 3080
Merit: 1500
October 01, 2020, 12:37:59 AM
#2
registration of a casino is a good to have feature but its not mandatory - at least from the gambler's perspective! So majority of crypto casinos try to register themselves just to build the trust factor among the players. Curacao has become popular destination for such businesses because they are known as tax heaven for such businesses. Companies need to pay on 2% tax on profit! Read it again - 2% on profit and not on revenue!

Now to answer your questions -

1. There is a way to verify the legitimacy of the license. Please see below link on how to do it,

https://casino-howto.com/blog/how-to-verify-curacao-gambling-licenses-easy/

It contains the process of verification.

2. Depends on an individual. There are many casinos who are not registered by offering provably fair games. It depends on you whether you are comfortable using a nion-registered casinos.

3. That's why a forum like bitcointalk is here. You can get live reviews from the community members on real time basis.

Having a license doesn't mean a business is fair. A simple example is butstarz casino which is registered in Curacao but their reputation is really bad in bitcointalk.

sr. member
Activity: 1554
Merit: 413
September 30, 2020, 11:34:46 PM
#1
One thing many pro and casual gamblers like us always look for is whether the online casino is licensed or not but do we care where it was registered?

I noticed many online fiat or crypto casinos are registered under the Government of Curacao and I've read they're shady regulators. They accept casinos that will host fake games or casinos that will accept players from supposedly restricted countries.

Questions:
1. As a gambler, how do you gauge the legitimacy of a Curacao registered online casino or in other jurisdiction with zero or little regulation?
2. Is it enough that they offer provably fair games?
3. If it's an "old" casino, you can check their reputation and reviews from players but what if it's new?

.......

Would it make any difference to you if they're registered in Malta or UK where regulations are said to be of the highest standards?
Pages:
Jump to: