How Reliable are Bitcoin Casinos? - page 3.

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legendary

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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 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

Winner

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Look ARROUND!

Quote from: KennyR on February 21, 2017, 09:48:17 PM

Similar to trading sites, these days its much easy to find a trusted casino based on bitcoin. Most gambling websites gives the easy access to all form of casino activities. Going through our forum helps find a perfect casino to be used. One among the best and reliable gambling website for casino is betcoin.ag

I agree with you KennyR, nowadays finding a Bitcoin Casino is pretty easy. Since there is a large forum (Bitcointalk) that posts reviews and the community members also post the payouts and the website administrators post updates as well. If you really want to research on a Casino then you would get a bunch of community members actively answering your questions and it's really more than a 1 on 1 person feedback.

There is a Gambling website like YoBit and Gambling is a thing that you should proceed with caution because things could happen without your knowledge. Rigged Dice rolls and Gambling match odds are usually rigged so make sure that the match games are live and you should be okay.

Slark

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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 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.

jossiel

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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?

There are reliable casinos which you can trust and of course there are some that are likely to scam.

It depends on how the feed back of most of the investors and gamblers of those casino's and if you think that most of the feed back are negative.

They are likely to become a scam so stay away from them.

erpbridge

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I feel the ones without investments are more reliable than the ones not accepting investments. In either case, you don't want to leave your btc on the website for long to let that happen. Sites like Directbet and Luckybit hence implement it perfectly, as they don't require you to deposit and store money on their site for long.

KennyR

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Similar to trading sites, these days its much easy to find a trusted casino based on bitcoin. Most gambling websites gives the easy access to all form of casino activities. Going through our forum helps find a perfect casino to be used. One among the best and reliable gambling website for casino is betcoin.ag

FlightyPouch

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When you say reliable, they are really reliable, as long as they know that you have a lot of bitcoin or currencies that will be deposited in their site. And thats is a given when you want to attract gamblers in a site.
The problem is even if they are reliable and very helpful, I think scam are very prone to every gambling sites. Though not all, i mean most of the gambling sites are probably prone to it. Just try casinos or gambling sites with their faucets first.

ethereumhunter

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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 think to find which is casino that realiable by read reviews from the gamblers and the suggestion from the gamblers itself but all in all, i think the casino can get scam soon if they don't have good reputable but i am sure that there are many good casino in outside.

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 don't know about the algos, but i can give suggestion for you to trying and test with yourself and do with carefully.

Shady

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Life is a game, you either play it or get played.

Some casinos have become scams later on in their life cycles, although there are many that remain legit.

I'd avoid using new casinos and rather put in effort to finding one established provider to stay safe... It takes time to get the best odds so don't be afraid to start small until the right terms are met.

game-protect

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Most of the Bitcoin casinos are "hide the operator" sites. And when your identity is hidden, more people tend to scam. Because if you can scam anonymously, this is a perfect situation for criminals.

You could test it by yourself:

a) Give a credit to 100 anonymous debtors

b) Give a credit to 100 known debtors

Now, compare the failure quote and I already know that the rate will be higher at a). Hence, Bitcoin casinos have a higher probability of scams!

The best thing is to have a legal expenses insurance, because then you can at least try to enforce your claim. Wink

hollandvan

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Bitcoin casinos can be very reliable like fiat bookies, if you don't break rules, you can make the money, and it is real money, they don't freeze your account or confiscate your account.

Silberman

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That depends entirely on the casino owner, the more reliable are the casinos that have been around for a long time, there may be an accusation here and there but most of the time is something minor and it gets resolved very quickly.

dejames

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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?

European Central Bank

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Quote from: BlockEye on February 21, 2017, 07:50:04 PM

Some huge exchange turns to scam lately and that really affects the price of bitcoin, so because of that fear, people gain more trust on gambling because on trading, you are also gambling

i hope for their sake that scammy exchanges didn't turn people in gamblers. most of the time you're scamming yourself when you gamble unless you really know what you're doing.

BlockEye

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Quote from: European Central Bank on February 21, 2017, 06:15:30 PM

the established casinos track record is way more impressive than the exchanges. i don't know what they're doing differently, maybe it's the incentive of far more profit so there's no need to pretend there was a 'hack'.

i wouldn't bother with anywhere new though. let them work for their trust.

Yeah. exchange are more riskier than gambling, In the past, there so many exchange that turn into scam even if they have a good reputation compare to trusted casino, they still running and really trusted as usual.
Some huge exchange turns to scam lately and that really affects the price of bitcoin, so because of that fear, people gain more trust on gambling because on trading, you are also gambling

European Central Bank

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the established casinos track record is way more impressive than the exchanges. i don't know what they're doing differently, maybe it's the incentive of far more profit so there's no need to pretend there was a 'hack'.

i wouldn't bother with anywhere new though. let them work for their trust.

philiveyjr

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I know its hard to trust bitcoin based casinos and hard for a new casino to make a good reputation but if you want to steer clear of shady casinos, just try the old ones and check for scam accusation, if there are any. If they are not or they are solved, go ahead with those casinos. Also, remember to never keep big amounts on BTC in casinos. They generally let you withdraw for free, so just keep it in your personal walled and then put some into the casino at the time of playing. Most of the casinos just need 1 conformation for you to start gambling so, it shouldnt be a big problem.

dejames

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

Topic: How Reliable are Bitcoin Casinos? - page 3. (Read 1854 times)