Is blockchain gambling business beneficial? - page 3.

ethereumhunter

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Quote from: Fredomago on June 13, 2019, 03:23:25 AM

Quote from: ethereumhunter on June 13, 2019, 01:15:17 AM

The benefit of blockchain is people don't have to use their money to play gambling, that is for sure. They can hide their identity while they are playing gambling, and they can feel safe to play gambling without anyone knows. I am sure that in the future, there will be many other platforms that will support the gambling games, and we will going to see the gambling business will grow fast in the future.

That's one of those thing that people wanted to support this industry using blockchain system to hide their identity while enjoying the gambling industry,in the near future more and more gamblers will see this advantage and begin also to support this types of system.

Yes, that is why I see many of my friends are like to gamble using the cryptocurrency because they can hide their identity from anyone. They only need to use the email address and the wallet to join, and they can start gamble with easy. I guess the gambling business will grow fast in the next years because the gamblers itself will have a new way to cover their identity.

bitgolden

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Quote from: AjithBtc on June 12, 2019, 03:29:33 AM

Unlike the technology being used, gambling is always profitable to the owners. When the same gets developed over the blockchain platform it give users the easier access on deposit and withdrawal of winning funds without flaws. Gambling is a profitable business, but for the same it needs more investment and developing over blockchain platform too is highly complicated.

I don’t really see what would be the complication here, considering the amount of money made by casino by gambling site and the bad reputation, they would really need blockchain in driving more traffic, for me it truly benefits casino sites even more.

Blockchain is the only reason gambling sites has become a little fair with lower gambling cost and the rate of fraudulent activities reduced, I feel for ethical reasons and to make sure there is total compliance might be among the reasons gambling sites have become decentralized. It’s a good thing really and its more of benefit to the gambling site than it is to blockchain.

xSkylarx

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Yes i think so because it also helps to promote blockchain tech and cryptos as well. Many online casino or gambling website are showing up these days, that shows how that business is booming and beneficial to gamblers. They can gamble at home comfortably anytime they want.

Natalim

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This is beneficial for the entire gambling industry, as we have crypto being use for gambling, that will help improve their number of gamblers and that would also mean increase of profitability in the industry. There are blockchain games but that's not so popular, gamblers remain to love the old games but they just use to use crypto as the mode of payment as it's faster and cheaper.

TimeTeller

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Quote from: libert19 on June 13, 2019, 09:12:43 PM

Quote from: MidKnight on June 12, 2019, 07:45:39 AM

5 years from now, online gambling/casino running through blockchain will surely kill physically existing casino and gambling houses. Owners of famous online gambling sites right now that use crypto are going to make billions because the age of mass adoption is coming through the help of Globalcoin created by Facebook. Players don't need to go here and there and they can quickly pull out the money they want to spend that increases the state of their addiction.

There is difference between playing at a real casino, with real people and playing on screen tbh.

There is demand for both online and offline casinos and they will both flourish.

Yes, both have their own advantages to players and the likes.
But with the rise of online casinos, no doubt that they are losing certain percentage of their income as compared to before.
Convenience and easy processing of their transactions are just few benefits of online casinos.
However, they are catering different needs of gamblers so to speak. The reason why traditional casinos will still exist.

And as we can see, online crypto casinos are sprouting like mushrooms everyday.
It just translates to the fact that somehow this business is really profitable.
And so everyone wants to take part of this industry and get their share from those gamblers.

jademaxsuy

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Quote from: thiscomm on June 13, 2019, 03:16:15 AM

of course, given the blockchain is very helpful for us in taking advantage. especially with the presence of a new platform that is better than the usual platform.
with all that maybe we will benefit more

There is.no.doubt about it. Blockchain is one feature that make every online gambling platform successful. The discretion of currency to be use by a gambler will not only be selective base on the known currency as it will be replace by bitcoin or other strong altcoins that will replace fiat currency and to completely eradicate the accepting of selecrive fiat currency to which team will allow.

Shova

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Every types of gambling business is profitable but you need to have a regular traffic to your casino.
A sporadic traffic can lead you to loss as there would be some lucky whales. But if you are getting regular users, the loss would be easily mitigated by house edge profit.
House edge always wins but there should be people to bet on.

libert19

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Quote from: MidKnight on June 12, 2019, 07:45:39 AM

5 years from now, online gambling/casino running through blockchain will surely kill physically existing casino and gambling houses. Owners of famous online gambling sites right now that use crypto are going to make billions because the age of mass adoption is coming through the help of Globalcoin created by Facebook. Players don't need to go here and there and they can quickly pull out the money they want to spend that increases the state of their addiction.

There is difference between playing at a real casino, with real people and playing on screen tbh.

There is demand for both online and offline casinos and they will both flourish.

jhongzjhong

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As we have seen this year there is a lot of gambling sites emerging in the gambling industry and all of them are crypto enthusiasts gambling sites and possible it is blockchain gambling business. I think it is very beneficial because until now they have existed in their business. I think blockchain gambling site is better rather than blockchain exchange site that usually on this year almost they have exit scam did not continue.

Hypnosis00

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

We are changing our lifestyle sometimes and seeing a numerous numbers of gambling sites existed today its because they'll found this as a profitable investment knowing that a lot of online gamblers. But as we move forward, the competition among others get stronger and also there is an increase of its numbers we're gamblers have a lot of options to visit and play. I'm afraid that some gambling sites will soon to collapse because of this.

hahay

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After all, if it doesn't have beneficial, the business won't continue to grow so far, when you have realized good growth in this business, of course the developer has good beneficial and will continue to grow over time and for each user, of course they can cash it if it has reached something like other requirements in withdrawal.

rodel caling

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It's correct blockchan gambling business is beneficial came from the new technology, so business ethusiasm are grap the opportunity to develop the benefits can get in the blockchain technology, that's the reason a lot of online gambling today is successful.

RivAngE

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Quote from: imstillthebest on June 13, 2019, 05:05:55 PM

Quote from: Oilacris on June 13, 2019, 04:01:21 PM

Quote from: Ucy on June 13, 2019, 03:46:45 PM

Ofcourse it is. .. One of the most beneficial aspects is the automation. It allows a situation where you are sure that if you do the right thing, follow the rules or press the right buttons you get what you need without delay.

Some gamblers say blockchains are not users friendly. Maybe this is why it is not that popular yet.

I cant see a reason why it isn't user friendly.Its easy as 1 2 3 when making up deposits or withdrawals and as

you said this would really be on pressing a button and then viola your payout or deposit is processed.It might be a traditional
thing like on fiat casinos but we can really compare the difference.

Blockchan itself is confusing and not really a user friendly because its a system that experts only understand but experts or devs can make it simple after they already finish integrating it with thier business . gambling is a profitable business and it makes it more profitable if partner with blockchain because this attracts people or the people that already uses a crypto .

I'm sure that the paperwork you have to fill to open a bank account or deposit in a casino-like website is more complicated than using crypto!
Maybe the initial procedure of buying your coins is a bit complicated, but after that, actually using your wallet, is pretty easy.

sunsilk

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Demand is increasing and it wouldn't just come and skyrocket because of that demand but it's increasing gradually. It is not just about the blockchain technology that you are applying but it's still a business matter which is very much beneficial.

There will be no new casinos if people are tired of trying it because they see such good result for the established ones.

Quote from: Ucy on June 13, 2019, 03:46:45 PM

Some gamblers say blockchains are not users friendly. Maybe this is why it is not that popular yet.

I think it's not about being user friendly but it's the feature and use that it provides not just for the gamblers but for the operators too.

imstillthebest

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Quote from: Oilacris on June 13, 2019, 04:01:21 PM

Quote from: Ucy on June 13, 2019, 03:46:45 PM

Ofcourse it is. .. One of the most beneficial aspects is the automation. It allows a situation where you are sure that if you do the right thing, follow the rules or press the right buttons you get what you need without delay.

Some gamblers say blockchains are not users friendly. Maybe this is why it is not that popular yet.

I cant see a reason why it isn't user friendly.Its easy as 1 2 3 when making up deposits or withdrawals and as

you said this would really be on pressing a button and then viola your payout or deposit is processed.It might be a traditional
thing like on fiat casinos but we can really compare the difference.

Blockchan itself is confusing and not really a user friendly because its a system that experts only understand but experts or devs can make it simple after they already finish integrating it with thier business . gambling is a profitable business and it makes it more profitable if partner with blockchain because this attracts people or the people that already uses a crypto .

Oilacris

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Quote from: Ucy on June 13, 2019, 03:46:45 PM

Ofcourse it is. .. One of the most beneficial aspects is the automation. It allows a situation where you are sure that if you do the right thing, follow the rules or press the right buttons you get what you need without delay.

Some gamblers say blockchains are not users friendly. Maybe this is why it is not that popular yet.

I cant see a reason why it isn't user friendly.Its easy as 1 2 3 when making up deposits or withdrawals and as

you said this would really be on pressing a button and then viola your payout or deposit is processed.It might be a traditional
thing like on fiat casinos but we can really compare the difference.

Ucy

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Compare rates on different exchanges & swap.

Ofcourse it is. .. One of the most beneficial aspects is the automation. It allows a situation where you are sure that if you do the right thing, follow the rules or press the right buttons you get what you need without delay.

Some gamblers say blockchains are not users friendly. Maybe this is why it is not that popular yet.

FanEagle

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Quote from: Ailmand on June 12, 2019, 01:52:53 AM

Crypto gambling business is one of the most profitable platforms in crypto world for both gambling site and players. It also brings a positive impact in the demand of cryptocurrency in the market. It's beneficial in blockchain technology in so many ways but we can't deny that there are also lapses at times.

So many advantages and lapses indeed. What do we expect online gambling is inherently unfair, the only reason casino earn money now is when players lose more than they can win and gamblers like us cannot never trust them because we know they are the black box taking all our money, casino sites have that switch they use in turning odds in their favor, I know many do not believe this but it is the truth, many people like me have lost our trust in online gambling.

But blockchain has been able to buy back our trust not because it has made gambling a wonderland where there is guarantee to win always but because of how it helps store records of all games and bets, the amounts we won and the result, we now easily access transactions to be sure it was not manipulated and there should be a percentage going to blockchain for all these.

yvesp110

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Quote from: cabron on June 12, 2019, 09:18:49 AM

Crypto becomes more popular thru the casinos that accepts cryptocurrencies and I guess those who are fond of gambling even before bitcoin are not getting into crypto just because of the advantages in crypto. Given the number of the gamblers world wide, its going to make blockchain platforms like EOS and TRX more popular in the future.

You could only decide this on the basis of the scale of demand for the online crypto gambling. Since we have had more gamblers in the channel than before, there could be huge profit in the business provided you have the best services. Learn from the mistakes of other people and make sure you come up with innovative solution to the problems to attract demand.

Fredomago

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Quote from: ethereumhunter on June 13, 2019, 01:15:17 AM

The benefit of blockchain is people don't have to use their money to play gambling, that is for sure. They can hide their identity while they are playing gambling, and they can feel safe to play gambling without anyone knows. I am sure that in the future, there will be many other platforms that will support the gambling games, and we will going to see the gambling business will grow fast in the future.

That's one of those thing that people wanted to support this industry using blockchain system to hide their identity while enjoying the gambling industry,in the near future more and more gamblers will see this advantage and begin also to support this types of system.

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