How Reliable are Bitcoin Casinos? | Bitcointalksearch.org

audaciousbeing

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Quote from: dejames on February 21, 2017, 05:21:42 PM

How reliable are these casinos and are they likely to scam?

Casino sites reliable? That will be a myth in all sincerity as they can only do that to the extent of the losses they can afford to incur as well as to the extent at which some one has not taken the bull by the horn to actually verify them. Majority of them have been able to put their house in order and any one that wants to raise an issue is quickly settled so no issue is raised. As much as possible, I will only play with an amount if lost, I dont have to feel anything as that is the best way to go about it.

lorylore

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Quote from: mindrust on February 22, 2017, 10:24:17 AM

They are not reliable at all. It doesn't matter how many years the casino is up. It can rip their customers off and go rogue at any time. That's same for almost any business by the way. It even applies to the banks.

You are/will be never safe unless you hold your wealth in your hands. If they are in some other people's hands, you are at risk.

There is always risk involved when you invest. However, holding on to your money is in fact the most irrational way. First, you are extremely weakness to theft or robbery. 2ndly, you are actually losing money due to inflation. The purchasing power that you have will become lesser and lesser. So no matter what, there is always a risk involved. Do you know that banks can be backed by government? So even if bank goes down, you still can claim back a certain amount of money back.

Malsetid

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Quote from: Blitzboy on February 22, 2017, 10:19:29 AM

I think they are reliable enough for us to deposit our money into the system. However, always withdraw the money when you have finished your play because they can turn into scam whenever they want. As you can see, Bitcoin is created for the anonymity and I doubt that you can arrest the manager of a gambling site since we do have any information about it. Therefore, we must beware of this possibility.

Well you're right it's always better to be safe especially when it comes to money. But i think there are trustrd casino sites that we can put our trust on. I've been with betcoin.ag for quite some time now and i store my earnings in their btc wallet, just withdrawing when i need to and i can say i have confidence in the btcs that i leave in their site.

FrueGreads

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Quote from: dejames on February 21, 2017, 05:21:42 PM

How reliable are these casinos and are they likely to scam?

I used a few and never had any problems with it. I would suggest you should stick only on those well known bitcoin casinos, that are already in the business for a while and have a good amount of players in it, and it's also very important that they have a good representation in this forum. You can get a lot of feedback from the users here.

if a casino is well established and has a good reputation here in the forum, and a decent base of players, there is not reason for them to cheat or scam you, and it will probably not happen. They should be able to make a very good profit, without the need for scams.

klf

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Quote from: Catmony on February 22, 2017, 12:36:52 PM

Do deep research on casino that you are willing to play on. Also most of casino provides probably fair games where you can verify results of each roll/bet. Try to play on established casino with provably fair games.

No need to do so much deep research because if you're in this forum, then you can easily find out from their ANN thread feedbacks. If you just refer to those comments from members you can easily find out whether a casino is trusted or not. If you want to gamble then better look for the site which provides a good support when you need it and also fast deposit and withdrawal options.

Bitcoin Marketing

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The risk is everywhere and where ever there is a rick, there is a change, keep in mind that's gambling and online gambling
I would point three things to check before depositing big amounts

1. Who is the brand, what are people saying about it, does it have any open complaints, issues, threads?
2. Which platform is in use, which game providers are part of it and which other than bitcoin deposit methods available, if any.
3. Is it license, there are company details, names, people behind it?

Feeling positive after these three, will ensure close to 100% to be safe

game-protect

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Quote from: mindrust on February 22, 2017, 10:24:17 AM

They are not reliable at all. It doesn't matter how many years the casino is up. It can rip their customers off and go rogue at any time. That's same for almost any business by the way. It even applies to the banks.

You are/will be never safe unless you hold your wealth in your hands. If they are in some other people's hands, you are at risk.

Absolutely correct! And this is the reason why we have civil and criminal laws if an operator goes rogue, even after years in business.

Unfortunately, the shills spread the religion that if nothing happened since 3 years, the operator is reliable = secure.

But the key point is who hold the funds?

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Quote from: rizkyhiw on February 21, 2017, 11:43:42 PM

Quote from: btc-facebook on February 21, 2017, 10:41:30 PM

Quote from: dejames on February 21, 2017, 05:21:42 PM

How reliable are these casinos and are they likely to scam?

I think it's unpredictable but as long as they have their community feedback , you can trust the site or you must follow their sosmed to follow their news.
Even if they have many feature but doesn't mean they can't scam

Nothing 100% you can trust online , especially a casino site
It's always be a problem yeah a casino that lack of trust
Unless if you know well in real life the casino owner then you might can fully trust them
But still there will be a feeling to be cheated once you get lost, it's normal for newcomer

I agree, there is no 100% risk free anywhere. But we have to trust them somehow. We are getting more comfortable the longer we use their service but it is still not an indicator if the site have risk or not. So far some Casinos try to be reliable as much as possible and that we have to give credit to them.

emberbekas

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Quote from: mindrust on February 22, 2017, 10:24:17 AM

They are not reliable at all. It doesn't matter how many years the casino is up. It can rip their customers off and go rogue at any time. That's same for almost any business by the way. It even applies to the banks.

You are/will be never safe unless you hold your wealth in your hands. If they are in some other people's hands, you are at risk.

You're right! Even oldest and trustworthy casinos can change their mind at anytime. Risk will always be there. It is better to always send back our money to our own wallet after we finished our gambling actions. Letting other people to hold our money in the long term will increase the risk to get scammed

Catmony

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Do deep research on casino that you are willing to play on. Also most of casino provides probably fair games where you can verify results of each roll/bet. Try to play on established casino with provably fair games.

Barbut

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Very reliable, and I agree with above mentioned about history of exchanges and casino's, there was more big exchange scams then with casinos. Not just that, almost every big and reliable casino have a thread here, you can also talk with owners here and solve any issue you could have.
I gamble in few casinos, and I never had problems with any of them. I trust them and I recommend them to everyone.

megynacuna

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Quote from: mindrust on February 22, 2017, 10:24:17 AM

They are not reliable at all. It doesn't matter how many years the casino is up. It can rip their customers off and go rogue at any time. That's same for almost any business by the way. It even applies to the banks.

You are/will be never safe unless you hold your wealth in your hands. If they are in some other people's hands, you are at risk.

You're right about the casinos but hardly does banks disappear atleast not in the advanced world. DLL casino operators didn't come into business to give out money, they are all there for profits and they will use any means to achieve this aim so if you ask me they are not reliable and they cannot be.

Silberman

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Quote from: Slark on February 21, 2017, 10:19:32 PM

Quote from: dejames on February 21, 2017, 05:21:42 PM

How reliable are these casinos and are they likely to scam?

If you compare bitcoin casinos to bitcoin exchanges you will find out that casinos are far more secure and reliable.
Amount of BTC/money lost by exchanges is 100x higher than bitcoin casinos ever defrauded or stole (either by cheating their customers, or by pulling off exit scams).
General rule is the same - it doesn't matter whether service is big, old or reputable - it can fall, no difference if it is a casino or an exchange.

This is why it is important to check the casinos reputation on the internet or in this forum since almost every bitcoin casino will have a thread here announcing its promotions to potential players.

shintosai

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Quote from: dunfida on February 22, 2017, 10:27:56 AM

Quote from: mindrust on February 22, 2017, 10:24:17 AM

They are not reliable at all. It doesn't matter how many years the casino is up. It can rip their customers off and go rogue at any time. That's same for almost any business by the way. It even applies to the banks.

You are/will be never safe unless you hold your wealth in your hands. If they are in some other people's hands, you are at risk.

You got it right just like investment on real world anything does have risk on lossing those money that you have put on which means theres no word or place for "safe investment" even you put it on the most reputable gambling or casino sites.

good point mate, with how the business runs we can't say that even big names in terms of houses can't be assured that possibility for being scammed is not present bitcoin casino is a sort of business so better to prepare how the business will run and nothing new if the business being busted for sure it will turned into scam.

harizen

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Quote from: dejames on February 21, 2017, 05:21:42 PM

How reliable are these casinos and are they likely to scam?

All of the casinos are likely to become a fraud one someday. Really have a chance and that is the reaility. Even most of the popular casinos today already established a good name in the world of cryptocurrency gambling, we can't just forget the fact that they will be turned into a scammed one.

What must be taken care here is your own gambling activity. Things such as "how much you are willing to store in a site" , "will you make a regular withdrawal every winnings" , "what is you main criteria why you choose this site" etc. must be considered when choosing a casino site.

dunfida

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Quote from: mindrust on February 22, 2017, 10:24:17 AM

They are not reliable at all. It doesn't matter how many years the casino is up. It can rip their customers off and go rogue at any time. That's same for almost any business by the way. It even applies to the banks.

You are/will be never safe unless you hold your wealth in your hands. If they are in some other people's hands, you are at risk.

You got it right just like investment on real world anything does have risk on lossing those money that you have put on which means theres no word or place for "safe investment" even you put it on the most reputable gambling or casino sites.

rivoke

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When you decide to gamble to any site, you're going to lose so prepare yourself
But to prevent someone to being scam, just make sure that you've update your information about the site , you can try visit their community or social media to see their feedback

mindrust

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They are not reliable at all. It doesn't matter how many years the casino is up. It can rip their customers off and go rogue at any time. That's same for almost any business by the way. It even applies to the banks.

You are/will be never safe unless you hold your wealth in your hands. If they are in some other people's hands, you are at risk.

Blitzboy

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I think they are reliable enough for us to deposit our money into the system. However, always withdraw the money when you have finished your play because they can turn into scam whenever they want. As you can see, Bitcoin is created for the anonymity and I doubt that you can arrest the manager of a gambling site since we do have any information about it. Therefore, we must beware of this possibility.

bering

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Quote from: dejames on February 21, 2017, 05:21:42 PM

How reliable are these casinos and are they likely to scam?

it all still depend on the casinos it self but indeed there is no 100% safe for online casinos and there is always a way to scamming people but to avoid scammed i think you just play only at trustable casinos which is have strong community with no accusing scam for those casinos

Topic: How Reliable are Bitcoin Casinos? (Read 1862 times)