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.

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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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in BTC we trust

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.

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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

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.

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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.

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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.

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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.

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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.

btc-facebook

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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? (Read 1855 times)