How Reliable are Bitcoin Casinos? - page 2.

arcanaaerobics

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You need to ask? Roll Eyes

Just look at the threads I have created since Monday to see for your self! Wink

Scamming shady dealers have been fired!
https://bitcointalksearch.org/topic/m.17928744

https://bitcointalksearch.org/topic/cloudbet-live-dealer-section-down-now-is-this-the-beginning-of-the-end-for-them-1798774
And now Cloudbet comes out from their caves and start to do damage control about all the withdrawals being held by them. They run OUTTA MONEY to be able to payout everybody of their winnings or WHAT!? Tongue

Red-Apple

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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?

scam has so many different forms. and i can see 3 different ways they can scam.
1) is messing with bets and their results. this is the easiest one to discover specially in games such as dice. since everything is provably fair and it can be proven with hashes and some math.
the solution is checking their provably fair system and checking the rolls.

2) is running away! just like exchanges when they say "we were hacked" and run away. although it has never happened to any legit and big casino as far as i know.
there is not many solutions for this, you can only not keep anything in your account.

3) is faking their results for their investors. this one is a serious one and there is no way of finding it out. there are some suggestions but i don't see a perfect one and i don't see any of the casinos implementing any of it.
and it is simple to do, the casino can create fake accounts and show fake results of a fake whale winning a large amount so that they can pay their investors less profit or no profit.
there is no solution for this.

marlboroza

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Quote from: Viakor on February 22, 2017, 08:43:21 AM

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

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

Some of the Bitcoin casinos are reliable and safe. Those sites mostly stand high in the google ranking.
You can also check on forums which Bitcoin casino are reliable and safe.

Some of them are old and less likely they will scam someone. Just use money you can afford to lose and you wont have problems even if someone run away with your money. Also ranking on google or alexa doesn't mean anything.

Quote from: Winner on February 21, 2017, 10:20:29 PM

There is a Gambling website like YoBit

Yobit is exchange with dice and pony. It's not gambling site.

Quote from: Winner on February 21, 2017, 10:20:29 PM

Rigged Dice rolls and Gambling match odds are usually rigged so make sure that the match games are live and you should be okay.

Rigged games are rigged? Thanks for telling us, we wont play any rigged games because rigged game is rigged!

Quote from: Winner on February 21, 2017, 10:20:29 PM

so make sure that the match games are live and you should be okay.

Trust me, live games can be rigged too.

shanem

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Quote from: xuan87 on February 22, 2017, 09:14:17 AM

I would say pretty safe, but of course nobody can guarantee your investment will be safe 100%, you need to do research and check the website traffic, see how many players that actively played in that casino, so you need to do extra works to make sure that your investment is safe, but I prefer to invest in casino rather in other place

Bitcoin casinos rarely fails especially the older ones. They are actually very profitable as there will be more loser than winners gambling in a casino.
Of course, you would need to research on the casino if you are going to invest in them. Generally, they are safe to invest in as I don't hear any big name casino going under.

xuan87

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I would say pretty safe, but of course nobody can guarantee your investment will be safe 100%, you need to do research and check the website traffic, see how many players that actively played in that casino, so you need to do extra works to make sure that your investment is safe, but I prefer to invest in casino rather in other place

milewilda

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Quote from: Viakor on February 22, 2017, 08:43:21 AM

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

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

Some of the Bitcoin casinos are reliable and safe. Those sites mostly stand high in the google ranking.
You can also check on forums which Bitcoin casino are reliable and safe.

Theres no safe on this world because from the word itself "safe" means 100% risk free and we all know that its impossible on anything which do involves money it may not go down for now but the possibilities is always there but well the safest thing to do specially when we like to play on casinos then we should go to the most reputable one.

Viakor

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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?

Some of the Bitcoin casinos are reliable and safe. Those sites mostly stand high in the google ranking.
You can also check on forums which Bitcoin casino are reliable and safe.

devans

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Quote from: dejames on February 21, 2017, 07:55:27 PM

Thanks for the reply guys. Are the algos for the casinos checked? I understand there will definitely be some house edge, but how do we know they're not bigger than stated or if the games are truly random?

I'm surprised that nobody has answered this question yet.

A good Bitcoin casino is provably fair: Without needing to trust a third party, any player can verify that it is fair. More specifically this means that players can verify a) that the generated bet outcomes achieve no more than the advertised house edge and b) that the casino is not influencing the outcome of individual bets in order to disadvantage the player. How this is implemented depends on the game, but often it involves the casino publishing a hash of the outcome before a bet is accepted.

Even non-technical players that don't fully understand how it works and players that don't verify their bet outcomes still benefit from a casino being provably fair: They can assume that at least some players are verifying their outcomes, which makes it very risky for a malicious game operator to cheat. In this regard, provably fair casinos are somewhat similar to open source software.

However, not all casinos to claim to be provably fair are actually provably fair. It's a good idea to always check the forum thread of the game in question. Usually criticism can be found here if its provably fair system is flawed.

carlfebz2

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Quote from: lorylore on February 22, 2017, 06:02:39 AM

Quote from: carlfebz2 on February 22, 2017, 05:14:37 AM

Quote from: piloder on February 22, 2017, 01:09:49 AM

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

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

If you stick with some of the oldest and trusted bitcoin casino than chance of getting scammed is almost zero. But you better read about all terms and condition they have along with rules/wagering requirement of any deposit/redeposit bonus they have before depositing anything.

It isnt still on 100% trust since anytime they could able to ran away but making some basis the chances are very slim specially when you are playing with the oldest casino sites which there are lots of players on it. Chances of scam wont be that big but theres no assurance until when.

No Btc casino is 100% foolproof since everything is just digital. Even mtgox can be gone just by one hack. So btc casino is actually a very risky platform to gamble. However, btc casino also comes with huge advantage that makes it so attractive to bring people to gamble. So if you were to choose one btc casino to try it out, i would choose the most reliable btc casino as that is the best choice i have.

This is a normal thing on which most gamblers would surely do that we should really choose the most reputable and older ones but there are still people do gamble on new casino sites just to test it out but some of them becomes scam but im not mentioning all.

Ayers

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Quote from: dejames on February 21, 2017, 07:55:27 PM

Thanks for the reply guys. Are the algos for the casinos checked? I understand there will definitely be some house edge, but how do we know they're not bigger than stated or if the games are truly random?

some of them are scammers other not, i just look at the trust from many users to tel lwhat is scamming and what not, and there is no way to tell if they are telling the true or not, maybe they say the edg is 1%, but then the real egde is 1.1%, how can you tell the difference in you losses? only way is if many people start to notice it with a large amount of sample of their betting, but this is not a real proof

lorylore

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Quote from: carlfebz2 on February 22, 2017, 05:14:37 AM

Quote from: piloder on February 22, 2017, 01:09:49 AM

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

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

If you stick with some of the oldest and trusted bitcoin casino than chance of getting scammed is almost zero. But you better read about all terms and condition they have along with rules/wagering requirement of any deposit/redeposit bonus they have before depositing anything.

It isnt still on 100% trust since anytime they could able to ran away but making some basis the chances are very slim specially when you are playing with the oldest casino sites which there are lots of players on it. Chances of scam wont be that big but theres no assurance until when.

No Btc casino is 100% foolproof since everything is just digital. Even mtgox can be gone just by one hack. So btc casino is actually a very risky platform to gamble. However, btc casino also comes with huge advantage that makes it so attractive to bring people to gamble. So if you were to choose one btc casino to try it out, i would choose the most reliable btc casino as that is the best choice i have.

EdenHazard

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Quote from: Labumi on February 22, 2017, 12:06:46 AM

You don't have to worry about for it, because in this forum have been many Casino-based a very trusted bitcoin. Maybe you can see for yourself in this forum, you need to know the reputation of a casino that is located on a handling problem that occurs and also how they deliver the policy. From that I know of (by my standards), they have a high reputation, the level was more than 6 months, giving the giveaway (not mandatory), has a very good system >

since bitcoin gambling casino run anonymously nobody can assure certain casino can exist for long time even they have build reputation somewhere , still you can not go fully trust on them , they can always run scam anytime .

but at least yes you can refer to this forum when you want to do your own research about how reliable certain bitcoin casino.

carlfebz2

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Quote from: piloder on February 22, 2017, 01:09:49 AM

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

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

If you stick with some of the oldest and trusted bitcoin casino than chance of getting scammed is almost zero. But you better read about all terms and condition they have along with rules/wagering requirement of any deposit/redeposit bonus they have before depositing anything.

It isnt still on 100% trust since anytime they could able to ran away but making some basis the chances are very slim specially when you are playing with the oldest casino sites which there are lots of players on it. Chances of scam wont be that big but theres no assurance until when.

piloder

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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?

If you stick with some of the oldest and trusted bitcoin casino than chance of getting scammed is almost zero. But you better read about all terms and condition they have along with rules/wagering requirement of any deposit/redeposit bonus they have before depositing anything.

olushakes

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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?

Any gambling site whose sole purpose is to make money out of you cannot be trusted. And because they have not been bursted in their probably fair system does not mean they are to be trusted. Patronising their services should be restricted to only funds you can afford to lose so when it eventually happens, you don't need to be bothered about whether you lost fairly or you are being cheated.

Labumi

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You don't have to worry about for it, because in this forum have been many Casino-based a very trusted bitcoin. Maybe you can see for yourself in this forum, you need to know the reputation of a casino that is located on a handling problem that occurs and also how they deliver the policy. From that I know of (by my standards), they have a high reputation, the level was more than 6 months, giving the giveaway (not mandatory), has a very good system >

ImHash

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I'm just saying though if you trying to stay fair and legit without cheating people you will stay small but reputable, look for casinos where not always earning profit and sometimes are losing big as well, lets be honest no one likes thieves and cheaters so I'd stay away from them unless I can test their services and be proven they are legit.

Caladonian

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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.

that's right no matter how old and established but if things went wrong a possibility to run and scam are always there to our risk, btc casino nowadays is just like putting up business more and more owners are trying to offer good service and attractable promotions just keep in mind that when the time you place your money inside of it accept the fact that you will possibly lose it.

rizkyhiw

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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

Kasabus

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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?

If a casino will prefer to scam, we can't do anything about that as we do not control their decision nor see the future. Finding a reputable casino is very easy as there are a lot of casinos who are popular in the community which has been operating for many years already, however, it is not wise to put a big amount of money in one casino only, you need to diversify and play in different casinos. Though they are reputable, the risk is still there, the same goes with investing in casinos so manage the risk.

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