Topic: Gambling with stablecoins, Fiat, or crypto? - page 4. (Read 2417 times)

I heard that exchanges doesn't allow people to send or receive funds from casino but I don't know if that is right or not. I don't do that because it is better if I use private wallet to send and receive the funds to my gambling account.
Every crypto gambler will use their favorite crypto to playing gambling but some of them maybe prefer to use fiat because they can see the real value of their money. That will be the same if they use stable coin to playing gambling so they don't have to see the changes of the value because of the price of coins will always change.
Crypto give convenience to use for playing gambling because they can send and receive the fund directly to their wallet no matter if they use private wallet or exchanges. They will search for the coin that have a low fees so they will not have to bother with the fluctuating of the coin price.

Those are wrong beliefs people manufacture in their head and how they come about these beliefs is left to them, but on a general note just as you have rightly said there's no connection arising from what currency a gambler chooses to use with how profitable he going to be. Irrespective of the currency a gambler uses if he's ain't lucky with his bets he is still going to lose it so it's out of place to assume that the currency you gamble with plays a role in affecting how profitable you go.

It's just the same actually.
If you are talking about using USDT as being luckier than other cryptocurrencies of fiat, I doubt that. We are only relying on what the algorithm will give us when it comes to casino games so any currency we use doesn't matter. We need that bit of luck to run into a good algorithm that would give us the possible high multiplier in a short amount of time.

I've used different currencies like BTC, LTC, Doge, and USDT and I can say they are all the same when you input the bet. The only good side of it is that you can use the lowest minimum bet by using cryptocurrencies unlike how it goes with fiat currencies.

You can't compare exchanges to fiat. With that, I think you mean different cryptocurrencies or altcoins than fiat because both of them are medium of exchange. And if you're going to use an exchange wallet for direct transfers to casinos or vice versa, you're putting your exchange account at risk. Because there are exchanges that doesn't allow that and they don't like casino money transferred to them and it's written on their TOS.

That's just what that person believes but in reality, there's no connection of luck to what currency you use.

I can see that many of peoples prefer to use differnces of exchanges than fiat, they say that it’s safe life and flexibility because one about using the exchange wallet to gamble is that they will not need of going to others shop to make their for them to stake anymore.

Furthermore, according to those that are into crypto gambling that the of a person use USDT to gamble that is even more profitable then using a Normal currency, but they said that why get advantage also get disadvantages so the reason why some people didn’t have interesting on crypto gamble is that is due how the congestion is come across at times.

Why I love gambling with crypto is that you will have access to casinos that are not in your region and your country. Should in case there is a law that prohibits gambling, you can bypass that and keep on gambling without anyone knowing that you do gamble.

If it is fiat that is impossible because you can only use your country fiat to gamble when gambling is legalized in your country otherwise, you will get caught up by the government and you will face the punishment of violation of law.

On some gaming platforms, if you even place a bet in bitcoin, it will still be converted into the dollar equivalent. The same will be true when calculating your winnings: you will be given the bitcoin equivalent of the reward in dollars at the exchange rate at the time the bet is calculated. There are times when the bet is not calculated automatically and you have to ask for it to be calculated, in which case the dollar to bitcoin exchange rate will be different. 

Crypto is the best option among all. Since we are in the forum participating from one activity to another then it is better to use crypto because it is decentralised, reliable and faster to reflect in the casino site.
If you use fiat to make a deposit, you will not know when it will reflect on the casino account for you to use it. Because you are not paying directly to the casino account bit to a third party account before it will be send to the casino account so it will take some times to reflect.

Actually there's no sense that you would really be that wanting nor likes on playing gambling on stablecoins on which we know that this would really be just that similar to fiat in speaking about those stable value
on which the difference only is that we do know that USDT is really that attached to crypto and that what makes it a little bit different to heard upon and impressions be made up by crypto people.

Making use whether USDT or directly on Bitcoin would really be that totally depending into someones preference since not all would really be liking on betting with USDT but rather they would be tending to directly
bet with Bitcoins or other established altcoins that we do have in the market because  they are really just that simply being trying out to accumulate or saving it up as much as possible. This is why
it would really be that better that better not mind on how other people do make handling with their gambling activity like on what they've been using or whatever the actions they are taking.

Doesnt matter on which one you would really be using since the main priority that we would really be having is on how to win up gambling and becomes profitable on which
this is the primary thing that comes up into someones mind in regarding into this. So its not really that a shocking thing and something casual i should say.

I can't say that I tried all the casinos, but of those where I played, the minimum bet amount in bitcoin and USDT was practically the same. Considering that gambling using bitcoin in a casino takes place inside the casino itself without recording in the blockchain, the casino can split bets to satoshi or even less than satoshi. In the future, when Bitcoin grows exponentially, I wouldn't be surprised if in some casino you can place bets using fractions of a satoshi.

However, sometimes even the smartest person, foreseeing future events, based on iron logic and common sense, as well as on his experience. However, life constantly makes adjustments to the events predicted in advance by this smart person. Life is an interesting, exciting adventure, full of completely unpredictable events and accidents, no matter how smart and far-sighted a person is. But sometimes it is impossible to predict. This, of course, fully applies to the player's luck in gambling.

Since I had stopped going to betting shop to be with fiat I had diverted to stablecoin (usdt) as the currency for placing bet notwithstanding that it is centralized I don't usually hodl my profit in USDT I do exchange to Bitcoin or Ethereum after withdrawal, meanwhile due to instability of the price of crypto that is why I didn't adopt it for gambling because at times after placing a bet  with Bitcoin and a massive sudden dump occurs it do affect my payout though during a period of pump too it favours me, however to avoid those situations I just have to sticked to stablecoin and all had been good so far without any issue

Using Bitcoin in terms of betting is never a bad thing because every gamblers knows what currency is good for them to use and sticking to it is very good, however there are people who also prefer other cryptocurrency aside from Bitcoin, well one of the reasons why normal cryptocurrency is good sometimes is because of the minimum amount someone would bet because if I'm not mistaken I believe that the minimum to bet using Bitcoin will not be the same as other normal coins, perhaps that's the reason why some persons chose other coins, though for me I always prefer using fiat such as usdt because I'm use to it, Also in the case of physical gambling shops is very common in were I come from, so those who cannot gamble online will go for it.

I find that some of custodial gambling sites are allowing to connect directly using wallet, but I'm wondering will the casino ask KYC in the future and if the gamblers didn't, what the casino will do to the gamblers.

This will be different if the casino is completely non custodial and they didn't have any KYC rules, so the gamblers have a complete control over their coins.

Although the disadvantage is the casino could drain your wallet.

Responsible players will choose what's best for them, and that's the main thing going Being smart and thinking about ahead is great and is beneficial for those willing to.

That's exactly what you said about playing smart.  This also means choosing cryptocurrencies.  And apparently there is a preference for paying for the game in cryptocurrency rather than in fiat.  In my opinion, cryptocurrency payments in the field of Gambling are just one of the elements of a smart game, but if you weigh the pros and cons of cryptocurrency payments, you begin to understand that cryptocurrency is still preferable for many reasons.
 But a lot has been written about this in this topic.  And a smart player will certainly take all this into account.

Unfortunately, that's true. It's essential to remember that gambling is more like an entertainment of sorts, rather than a way of increasing profits. With the change of the perspective, people can treat money they are willing to spend differently, with less greed intact.

Gamble wisely is recommended for gamblers who want to use crypto or fiat because they are responsible with themselves and their money so they must make sure that they can choose the casino where they want to playing gambling. Playing gambling with crypto gives you anonymity and privacy but that is only if we playing gambling in a casino decentralized although not many gambling dApps right now.

But with the strictly regulation from the government can attract dApps casino launch their casino to accommodate for crypto gamblers so they can protect their privacy and anonymity when playing gambling. Gamblers will not have to identify themselves in that casino so that can gives comfortable to them. But maybe we can still playing gambling using crypto and not asking to verify ourselves because we can limiting ourselves to playing gambling in that casino.

I mostly used Bitcoin when betting. Although stablecoin USD is by far the best, I have also participated in betting with Bitcoin. I don't know which currency everyone gambles with but I prefer Bitcoin the most for gambling. Physical gambling is not legal in my country Physical gambling is completely illegal and there are no physical gambling houses in my country so I always appreciate online gambling games that allow me to participate in gambling very easily and with privacy. But gambling must be taken as entertainment. Keep yourself free from gambling addiction.

Both the gambling site and your wallet need to be non-custodial to obtain best results. If you deposit your crypto in a custodial gambling site (otherwise known as centralized), then you can easily expose yourself to KYC or even fraud (if the house decides to run away with the money). For full privacy and complete control of your crypto, decentralization is the way to go. Unfortunately, there aren't many gambling dApps out there. The tech is still in its infancy. Centralized crypto gambling sites are the dominating force of the industry. At least for now.

If you don't care about your privacy or financial sovereignity, use whatever currency you want to gamble. But if you care, choose crypto instead. Just remember to gamble wisely, and there should be nothing to worry about.