The biggest issue I see with crypto casinos is the lack of any regulation. Sure checking your bets and using the provably fair system is great, however, the risk is them running away with all the money, not just from you but from anyone, getting hacked is also an issue and not only in crypto casinos but also exchanges, as we all know... I'm hoping to see more regulated casinos with time, regulation + provably fair system would be quite amazing, I would be confident enough to deposit large amounts of money and gamble with it, even though I'm poor.
Hack may not be a big issue if you are not holding funds into the casino sites longer and we can trust casinos more than exchange since casinos gives more preference to the security which will get more reputation to the gambling sites.
Topic: How gambling sites can cheat you (Read 1277 times)
Hack may not be a big issue if you are not holding funds into the casino sites longer and we can trust casinos more than exchange since casinos gives more preference to the security which will get more reputation to the gambling sites.
Most casinos have different methods employed to prevent hackers from getting access to the funds stored. Generally the funds are stored in a hot wallet and then with requests from players they get transferred. So hackers mainly go for phishing the logins more often than hacking sites. Make sure you secure your account before anything else. In case you get phished and lose money then the fault lies in you and the site will never compensate you.
Those are hypothetical situations... Not everyone thinks on scamming their Users that way.
Let's face it, if someone would want to do that they would be negating any profitable user in their end.
If an High Roller gets to be hit with that sort of cheat, they will eventually leave the Casino.
I do agree and I think that not every website might do that; they in fact may do it. Remember every company that gives you a product makes money not by one way but many ways. Just Google it and you will come to know how the machines that are used in the casinos are have been engineered to make you loose your money in gambling. How come the house makes money if you keep on winning? Same goes for websites. Let's face it, if someone would want to do that they would be negating any profitable user in their end.
If an High Roller gets to be hit with that sort of cheat, they will eventually leave the Casino.
The biggest issue I see with crypto casinos is the lack of any regulation. Sure checking your bets and using the provably fair system is great, however, the risk is them running away with all the money, not just from you but from anyone, getting hacked is also an issue and not only in crypto casinos but also exchanges, as we all know... I'm hoping to see more regulated casinos with time, regulation + provably fair system would be quite amazing, I would be confident enough to deposit large amounts of money and gamble with it, even though I'm poor.
Hack may not be a big issue if you are not holding funds into the casino sites longer and we can trust casinos more than exchange since casinos gives more preference to the security which will get more reputation to the gambling sites. Gambling websites never intend to cheat you, they are in need of more players so to earn good. The only issue that arise quite often with the gambling websites were the transaction issues and the withdrawal issue. When someone wins big the gambling websites intend to keep fund and make him play further with the funds. For this gambling websites used to request for KYC and various other norms to be fulfilled.
No not all the sites asking for KYC verification to gamble without money. Actually gambling is the field which required more users on their site infact there are many gambling without any withdrawal limit also.
Giving the KYC is not a problem but we must confirm whether the site is scam one or legit site.
If that is legit then it is not a problem for you to share KYC details.
I still don't get the purpose of getting the KYC by the gambling site. We cannot claim that any site who is offering KYC is a trusted site. KYC is something which can proof nothing for the site. Even if the trusted site demand KYC, I will hesitant to submit because we know in future the site may end the business and our KYC may be sold to some other site etc.
[/quote]
I don’t want to discuss whether sites cheat or not. My concern is a little different and that is about people who support gambling through technological aspects. This modern technological world have made our lives easier but instead of utilizing them for our good and to eradicate such stigmas from our society, we have detracted from our paths. We are supporting ogling gambling, which is highly alarming and dangerous.
[/quote]
Totally agree with this perspective. Whether we like it or not, the whole world is going this way and all we can do is just trying to survive. Gambling websites are one of them that can eat your money easily. However, as the topic goes for the Sicodice website, I can assure you the more you time spend on this website, the more you'll trust it and play.
Gambling websites never intend to cheat you, they are in need of more players so to earn good. The only issue that arise quite often with the gambling websites were the transaction issues and the withdrawal issue. When someone wins big the gambling websites intend to keep fund and make him play further with the funds. For this gambling websites used to request for KYC and various other norms to be fulfilled.
No not all the sites asking for KYC verification to gamble without money. Actually gambling is the field which required more users on their site infact there are many gambling without any withdrawal limit also.
Giving the KYC is not a problem but we must confirm whether the site is scam one or legit site.
If that is legit then it is not a problem for you to share KYC details.
I think that people with lack of informations and experiences on what site they have penetrated will easy to cheat, because gambling can make people enjoy and have fun by playing, but unfortunately it may confused you and lead to addiction. Perhaps, featuring how the site has been grow and develope is my aspection to evade from cheating or loses and I think it is a wise and preferable way on how we play the game.
With all due respect, I've been playing on Sicodice for about a year, and to be honest I've never seen such a thing you said at all. Of course, there're some cases that people try to register as many as users as they can to take advantage of the site, and we know that it's against the rule so the site will be suspended. I have also the withdrawal history that I can show you.
I think that people with lack of informations and experiences on what site they have penetrated will easy to cheat, because gambling can make people enjoy and have fun by playing, but unfortunately it may confused you and lead to addiction. Perhaps, featuring how the site has been grow and develope is my aspection to evade from cheating or loses and I think it is a wise and preferable way on how we play the game.
With all due respect, I've been playing on Sicodice for about a year, and to be honest I've never seen such a thing you said at all. Of course, there're some cases that people try to register as many as users as they can to take advantage of the site, and we know that it's against the rule so the site will be suspended. I have also the withdrawal history that I can show you.
I think that people with lack of informations and experiences on what site they have penetrated will easy to cheat, because gambling can make people enjoy and have fun by playing, but unfortunately it may confused you and lead to addiction. Perhaps, featuring how the site has been grow and develope is my aspection to evade from cheating or loses and I think it is a wise and preferable way on how we play the game.
With all due respect, I've been playing on Sicodice for about a year, and to be honest I've never seen such a thing you said at all. Of course, there're some cases that people try to register as many as users as they can to take advantage of the site, and we know that it's against the rule so the site will be suspended. I have also the withdrawal history that I can show you.
The biggest issue I see with crypto casinos is the lack of any regulation. Sure checking your bets and using the provably fair system is great, however, the risk is them running away with all the money, not just from you but from anyone, getting hacked is also an issue and not only in crypto casinos but also exchanges, as we all know... I'm hoping to see more regulated casinos with time, regulation + provably fair system would be quite amazing, I would be confident enough to deposit large amounts of money and gamble with it, even though I'm poor.
Since most casinos that are crypto base cannot be regulated did you think the scamming one will keep not keep coming out? I think we would need more security tokens that will provide a way to checkmate most of the cryptocurrencies business in other to reduce loses among investors through scam. The biggest issue I see with crypto casinos is the lack of any regulation. Sure checking your bets and using the provably fair system is great, however, the risk is them running away with all the money, not just from you but from anyone, getting hacked is also an issue and not only in crypto casinos but also exchanges, as we all know... I'm hoping to see more regulated casinos with time, regulation + provably fair system would be quite amazing, I would be confident enough to deposit large amounts of money and gamble with it, even though I'm poor.
Since most casinos that are crypto base cannot be regulated did you think the scamming one will keep not keep coming out? I think we would need more security tokens that will provide a way to checkmate most of the cryptocurrencies business in other to reduce loses among investors through scam. Well if they cannot be regulated, they shouldn't exist. Cryptos are good and all that, I'm all for decentralization but that also means your funds are not safe unless they are in your wallet. We should have some sort of decentralized casino that uses smart contracts so you are always in possession of your coins somehow.
The biggest issue I see with crypto casinos is the lack of any regulation. Sure checking your bets and using the provably fair system is great, however, the risk is them running away with all the money, not just from you but from anyone, getting hacked is also an issue and not only in crypto casinos but also exchanges, as we all know... I'm hoping to see more regulated casinos with time, regulation + provably fair system would be quite amazing, I would be confident enough to deposit large amounts of money and gamble with it, even though I'm poor.
Since most casinos that are crypto base cannot be regulated did you think the scamming one will keep not keep coming out? I think we would need more security tokens that will provide a way to checkmate most of the cryptocurrencies business in other to reduce loses among investors through scam. 
No not all the sites asking for KYC verification to gamble without money. Actually gambling is the field which required more users on their site infact there are many gambling without any withdrawal limit also.
There have been so many cases in the gambling that the players just do not get their withdrawal requests accepted. This is something wide spread and is very common. Not all the websites do that and the experience guys do not use the websites that exploit its users. Only the new guys in the market who do not have much information about the gambling thing are the victims and they get exploited and cheated in many ways.Giving the KYC is not a problem but we must confirm whether the site is scam one or legit site.
If that is legit then it is not a problem for you to share KYC details.
Gamblers must use this forum for referring to filter out scam sites and then I guess no one will be having any problem to clear KYC. I guess when we use only reputed gambling houses, there will be no chances of getting cheated. If that is legit then it is not a problem for you to share KYC details.
The biggest issue I see with crypto casinos is the lack of any regulation. Sure checking your bets and using the provably fair system is great, however, the risk is them running away with all the money, not just from you but from anyone, getting hacked is also an issue and not only in crypto casinos but also exchanges, as we all know... I'm hoping to see more regulated casinos with time, regulation + provably fair system would be quite amazing, I would be confident enough to deposit large amounts of money and gamble with it, even though I'm poor.
That risk we are always afraid of, a gambling site that building reputation is not just easy for them especially if they are newly launched gambling site. No one deposited first a big amount, they just keep searching on it if is probably fair to play. I think a regulated casino is a safe gambling site to do since it is regulated.
The biggest issue I see with crypto casinos is the lack of any regulation. Sure checking your bets and using the provably fair system is great, however, the risk is them running away with all the money, not just from you but from anyone, getting hacked is also an issue and not only in crypto casinos but also exchanges, as we all know... I'm hoping to see more regulated casinos with time, regulation + provably fair system would be quite amazing, I would be confident enough to deposit large amounts of money and gamble with it, even though I'm poor.
That risk we are always afraid of, a gambling site that building reputation is not just easy for them especially if they are newly launched gambling site. No one deposited first a big amount, they just keep searching on it if is probably fair to play. I think a regulated casino is a safe gambling site to do since it is regulated.
The biggest issue I see with crypto casinos is the lack of any regulation. Sure checking your bets and using the provably fair system is great, however, the risk is them running away with all the money, not just from you but from anyone, getting hacked is also an issue and not only in crypto casinos but also exchanges, as we all know... I'm hoping to see more regulated casinos with time, regulation + provably fair system would be quite amazing, I would be confident enough to deposit large amounts of money and gamble with it, even though I'm poor.
That risk we are always afraid of, a gambling site that building reputation is not just easy for them especially if they are newly launched gambling site. No one deposited first a big amount, they just keep searching on it if is probably fair to play. I think a regulated casino is a safe gambling site to do since it is regulated.
The biggest issue I see with crypto casinos is the lack of any regulation. Sure checking your bets and using the provably fair system is great, however, the risk is them running away with all the money, not just from you but from anyone, getting hacked is also an issue and not only in crypto casinos but also exchanges, as we all know... I'm hoping to see more regulated casinos with time, regulation + provably fair system would be quite amazing, I would be confident enough to deposit large amounts of money and gamble with it, even though I'm poor.
Gambling websites never intend to cheat you, they are in need of more players so to earn good. The only issue that arise quite often with the gambling websites were the transaction issues and the withdrawal issue. When someone wins big the gambling websites intend to keep fund and make him play further with the funds. For this gambling websites used to request for KYC and various other norms to be fulfilled.
No not all the sites asking for KYC verification to gamble without money. Actually gambling is the field which required more users on their site infact there are many gambling without any withdrawal limit also.
Giving the KYC is not a problem but we must confirm whether the site is scam one or legit site.
If that is legit then it is not a problem for you to share KYC details.
your bets and betting activity but other reasons than that then i dont see any points for them to ask out KYC.If you do know that you arent doing anything then why give that kyc that they do ask?
Gambling websites never intend to cheat you, they are in need of more players so to earn good. The only issue that arise quite often with the gambling websites were the transaction issues and the withdrawal issue. When someone wins big the gambling websites intend to keep fund and make him play further with the funds. For this gambling websites used to request for KYC and various other norms to be fulfilled.
No not all the sites asking for KYC verification to gamble without money. Actually gambling is the field which required more users on their site infact there are many gambling without any withdrawal limit also.
Giving the KYC is not a problem but we must confirm whether the site is scam one or legit site.
If that is legit then it is not a problem for you to share KYC details.
Jump to: