Is blockchain gambling business beneficial? - page 5.

avikz

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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

Blockchain platform doesn't guarantee the safety of the money. There are many scam crypto gambling platforms available. However, the advantage with crypto gambling website is that, you can always start with a very low deposit at minimum cost and test the platform. Which may not be possible for fiat casinos!

There's no reason to trust a gambling website just because it uses the blockchain, rather look at the genuine community reviews to know the truth!

shoreno

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Im slightly confused on this one . based on what i read on the title you are dealing about blockchain business , which i think you are going to come up with your own business and your asking for suggestion but after i read the contents of your thread , i see that your asking if playing a gambling is profitable or not .

but to answer your queries id say that yes , gambling business is verry profitable or beneficial because every people plays gambling but for the player i think its not really that beneficial .

swogerino

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Bitcoin Casino Est. 2013

If you add it to your gambling company in Asia if you have one it will only benefit the company.It will bring new users who don't want to spend their Fiat money but will have no problems playing with their crypto.

Blockchain technology is involved in many crypto gambling sites as it only bring good things to those who implement it.Gradually it will hit many other industries.

MidKnight

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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.

YuginKadoya

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A typical gambling business needs a financial backup that is why investment is a must, And just like other suggestions here the gambling section is an informative one for you, And I myself are looking at some well-known gambling sites that are very successful with their work, But I guess it will surely depend on the owner if they can make this kind of business to be successful, Sometimes they will make a free trial so gamblers would try the house edge and the quality on their fairness.

masphie

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-= OI =-

Yes that's true.... a lot of online games give bitcoin as a reward. And now i am playing one of them.
I am playing for tests about scam or not. And the result is "not scam" (note** "for now")
But the minus is, we can only withdraw 1x/week. Other than that, we can only play several times every day.

The game just for iOS & android.

Vinalians

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Me as a gambler of the the crypto community I see that the gambling sections or any related into gambling never outdated. They are always on the go even though a newly created website will get a attention and more users just make sure that they have this rewards of first time deposit and daily rewards.
Someday for sure the gambling business in blockchain will get more attention in the real world. It is underrated now but I am sure in the near future it will gain a lot of attention in the real world.

ityandsyn

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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

In online betting of sports was made very fast transaction and we are using crypto currency in which the world make us one using BTC or ETH , so it's very clear that gambling industry is a beneficial of Blockchain technology .

Genemind

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It's beneficial but the profit is unstable especially if we'll only rely things in luck. It isn't always as profitable as we want though we got good skills. Gambling has risks but all in all, we could still gain and earn through it. Gambling is one of the most influencial platform in crypto because they are increasing the percentage of cryptocurrency demand.

AjithBtc

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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.

creeps

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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.

Not all because some gambling sites are closing their site for some reason, it can only become profitable if they manage it well and if there are more players to use their site. Having a crypto business needs to be more productive and active in terms of developing new technologies because if you only think for one product then soon it will die. Gambling business needs to get the trust of the public, i guess this should also be the focus.

aad140386

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It seems to me that a priori any gambling is unprofitable for the participant. In any case, according to statistics. Maybe someone lucky more than others, and thanks to good luck, they can really make money on gambling, but I definitely do not belong to them. And the usual games on the blockchain bring extremely small profits, so that it can be seriously discussed in a decent society) So it is better to concentrate your efforts on trading training

liovaltro

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Of course, for people who have good analysis skills, making money will not be a problem. Someone uses their knowledge for the game, and someone just to share them with others as on the platform taklimakan and earns it. If a person is strong in analysis, he has a direct route to crypto trading. This is even more promising business, because gambling does not always give a profit, and own knowledge works for the benefit of the budget every day.

jak3

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Is it is beneficial for business, as blockchain allows a lot of possibilities it also takes care of user authentication and cuts of a lot of time? Users can freely enjoy the games and other services provided by gambling businesses and casinos don't have to program each machine with Really Complex algorithms they can simply publish their bets on a blockchain that pay they are going to gain users trust and as for the casinos they always have the winning edge from everyone so they don't have to worry about winning the money.

Berryvery394

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Player privacy will be an even stronger advantage for gambling. Many countries do not consider legitimate earnings made during gambling. But if a person has skills that help him win, then this allows him to earn money by playing. And when casinos are banned in your country, all that remains is to look for confidential services.

Klndragonst

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Quote from: brakemelion on June 12, 2019, 01:57:26 AM

Blockchain platforms for i-gaming can also contain another bonus: payouts to miners. Now mobile mining is gaining popularity and by combining two hobbies into one, you can create a product that will really pick up popularity.

Mining in crypto games is a novelty for me. But on the other hand, why not use it when you have free time, you can spend it on entertainment and at the same time get several tokens.

brakemelion

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Blockchain platforms for i-gaming can also contain another bonus: payouts to miners. Now mobile mining is gaining popularity and by combining two hobbies into one, you can create a product that will really pick up popularity.

Ailmand

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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.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

One of the major drivers of the demand for coins are the Crypto currency based online gambling platforms. Just browse on over to the gambling section on this forum and see how much daily activity is there in that section of the forum. Go to https://bitcointalk.org/index.php?board=56.0 Wink

The fact that Bitcoin is a pseudo anonymous currency, gives gamblers some kind of anonymity and they can gamble from countries where it is not necessarily allowed for whatever reason. Roll Eyes

pakhitheboss

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Any Gambling business, when done correctly is beneficial whether it is done on Blockchain or not. Is Blockchain changing the gambling industry? that should be your question. Yes, it is earlier gaming results, winnings and payout were intentionally hidden or were partly concealed from the public. The integration of Blockchain into the Gambling industry will resolve these concerns and many other problems that the online gambling community has been facing.

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