Is Online casino always take risks? - page 14.

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Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

I am just curious about how does online casino pay for their promotion on their influencers?

Usually casino or gambling platform’s earning money is used for proportional activities and they pay to influencers from their earnings.

Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

Where does their earning comes from?

The casino has a small percentage profit from each game that is 0.50 or more\less as a percentage that is called house edge. The more gamblers play on the site, the casino can earn higher earnings.

Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

How will you get scammed when you try online casino?

There are many casinos in the online and not all of them are good platforms. There are many scam casino sites where a user can get cheated after deposit their money. So it is necessary to know the information about those sites are well establish.

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Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from? How will you get scammed when you try online casino? How can you tell that online casino is safe?

Casino will earn money from their investors and the players, they are using that funds to expand their business and hire someone to promote their platform, this is a normal practice for every business. It's safe to play online, though you have to be more careful on choosing where to play, if you are still in doubt always choose the best platform available in your country, by doing this at least you can lesson your stress about being scam by the online casino. Choose the good one and just enjoy gambling using your own free money.

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There are several ways a casino makes money and generally casinos make their money when a player plays and fails then the casino smiles and it's a 50/50 probability as if you win, the casino frowns, and when you loss, the casino smiles.

Most big casinos who are duely registered, are mostly provably fair and that is one major or let me say that one of the well recognized certificate a casino can present to gain some trust but on the other hand, the way a casino handle it's issues is one major way you can test to know if a casino is legit or not. The ease of deposit and withdrawal also matters alot as that also is one major challenges most players face while using a casino.

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Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from? How will you get scammed when you try online casino? How can you tell that online casino is safe?

You seem to be jumping around all over the place with your questions as they are not at all connected. The answers will also change based on the leadership at each individual gambling company and the laws within the country that they are based. Some will be very devious when trying to recruit influencers and not advertise the fact, others will be very upfront about who their ambassadors are for their brand. It is totally disconnected with your other questions though and mingling them up will just confuse you even further. Casinos and sportbooks are quite upfront about where they get their earnings - they are aiming to take a small cut from every bet by trying to calculate odds better than the user. They do this by data mining and analysis which they do rather well.

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Quote from: MaterialMouse69 on April 02, 2023, 01:15:42 AM

Yes, you will not get scammed if you're not checking their casino. check they're socicial media, also look for their engagement if many people playing online casino and also. You have many ways to check other online casino, don't just always bet without knowing that the casino you playing is just a scam site that can drain your wallet or maybe hacked all your information.

Not entirely correct because a scam casino can bought a social media accounts with high followers and they can paid to streamer to promote their casino, this what's happen on the most known scam casino in this forum. The funny thing is the casino is still operated until now despite their reputation are really bad in this forum, if you check review outside this forum you will find many articles say the casino is legit.

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Quote from: wxa7115 on April 02, 2023, 01:13:16 AM

Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from? How will you get scammed when you try online casino? How can you tell that online casino is safe?

When it comes to the pay the influencers receive it could be in the form of a fixed income or as percentage of what their referrals gamble away, and obviously the earnings come from the casino itself, after all gambling is a worldwide industry which is incredibly successful, so paying a few influencers is not a big deal.

And when it comes to being scammed this happens when you select a casino with a poor reputation, and the best way to avoid them is to use this forum and find a casino which has the characteristics that you are looking for and that will never scam you as they want to protect their own reputation too.

Either the money comes from the owners own pocket at the beginning but for sure it's an allocated budget for marketing where once the casino already earning decently that money will be back to where it belongs, in the early stages of gambling business you need to provide as you are aiming to bring gamblers and one of the best way is to promote with attracted offerings.

In your statement with scam, you can lessen the chance if you deal with your research the right way.

There are many sources of information that you can use, especially this site where crypto casino is really promoting their business.

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Quote from: Oshosondy on March 31, 2023, 10:17:06 AM

Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

Where does their earning comes from?

Where casino earning come from? From people that are using the casino.

Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

How will you get scammed when you try online casino?

There are fake casinos. You need to make findings if a casino is legit or not.

Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

How can you tell that online casino is safe?

You can check how old the casino is, and also check some reviewing sites, browse online about the casinonif legit or not. You can always come to this forum and ask about any casino, if trustworthy or not.

Yes, you will not get scammed if you're not checking their casino. check they're socicial media, also look for their engagement if many people playing online casino and also. You have many ways to check other online casino, don't just always bet without knowing that the casino you playing is just a scam site that can drain your wallet or maybe hacked all your information.

wxa7115

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Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from? How will you get scammed when you try online casino? How can you tell that online casino is safe?

When it comes to the pay the influencers receive it could be in the form of a fixed income or as percentage of what their referrals gamble away, and obviously the earnings come from the casino itself, after all gambling is a worldwide industry which is incredibly successful, so paying a few influencers is not a big deal.

And when it comes to being scammed this happens when you select a casino with a poor reputation, and the best way to avoid them is to use this forum and find a casino which has the characteristics that you are looking for and that will never scam you as they want to protect their own reputation too.

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Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from?

Casino is a business, and when you're building a business you need to have a budget for everything and that includes the expenses for marketing promotion. The casino has a house edge, the more gamblers playing (and losing as well) that means more revenue.

Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

How will you get scammed when you try online casino? How can you tell that online casino is safe?

You'll get scammed if you play in a shady casino. That's why conducting your own research is necessary to know what sites are trusted. Thus, only play on a particular casino if it has a good reputation and many gamblers here recommend it as reliable based on their own experience.

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Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from? How will you get scammed when you try online casino? How can you tell that online casino is safe?

those new site is in question but those long running? of course they are already generating money from the operation so they can pay tons of money for their ads and influencers .
but there are also new casino that has a good amount of capital that can bring them more popularization and boosts from their advertisers .
you can see that from good sites that is running their ads here in bitcointalk for long time now.

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Quote from: Lorence.xD on April 01, 2023, 03:34:25 AM

To tell if a casino is safe you could notice on their system like the CAPTCHA to avoid bots, double measure on signing to make sure you're the one is logging in and etc. You could also do some research about the casino itself before trying out or start at minimum first.

From the context of this topic, I think OP is not asking about the safety of the casino security wise but rather about it's reputation and if it can be trusted. We'll, if he doesn't have the necessary skills and knowledge to conduct a thorough investigation and make his own research, then he should stick to the well known and long running casinos advertised on this forum. A quick search on the scam accusation board is also needed to see if there is any open scam accusation against the casino.

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Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

I am just curious about how does online casino pay for their promotion on their influencers?

Obviously, like any other business that some entity put, you need to have deep pockets, which means not just capital to put up a casino, but you need extra money for promotions and other business cost. Which means you have like a year of buffer in your wallet to be able to stay afloat in the business. So millions if not billions cash and any other illiquid assets. That's why some of the casinos whether online or offline are offering some part of them thru investing. So that's one good strategy for them. The more investors they have, the more capital for them and then they can paid those promoters and influencers and in turn it will bring gamblers to their platform. Business 101.

Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

Where does their earning comes from? How will you get scammed when you try online casino? How can you tell that online casino is safe?

Earnings are generated from those gamblers who have lost, so it's going to be a balance, there could be days that the casino are losing money because gamblers got lucky win millions. But most of the time, since they have the house edge, they are going to generate more than what they actually lost to gamblers.

Well one red flag is playing on a casino that haven't got reputation yet. So the best thing to do is just go around the community as you can see a lot of good casinos and also bad who scammed their players.

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Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

I am just curious about how does online casino pay for their promotion on their influencers?

They are dealing with some serious capital. I mean there are people winning millions and it doesn't even scratch them.
To get some idea how much money flows trough them, you can watch live bets people are making in casinos and sports in front page of stake.com for example
You can see that people are playing tens of thousands in a second and that's just in the casino side. There are plenty more bets made in sports section.

Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

Where does their earning comes from?

They have a house edge, so from pure mathematical probability.

Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

How will you get scammed when you try online casino?
How can you tell that online casino is safe?

If you get scammed, there are several ways to do it, but if you suspect foul play, don't deposit or connect your wallet into it.
You can tell that casino is safe when it has a long history and strong community behind it. Preferably they are also talking in open forum.

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Quote from: serjent05 on April 01, 2023, 03:56:01 PM

I think @OP knows the answer to his questions, he just posted the question to trigger discussion.

I agree with you, there is no gambler or newbie to gambling who would not be aware that if they lose their stakes, the casino gains or profits for those losses. Most likely he just created the thread to get attention, which he has already gotten enough of and has also gotten dozens of good answers to his questions.

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Why to look for new casino if there are popular crypto casinos promoted by different influencers?
If the feedback by other users is fake and everything looks too good to be true then it is definitely not safe place.
Regarding first question, promotions are paid by marketing teams who also has budget coming from house edge of any games available on Casino.

There are two different things to be considered. First, if an influencer promotes a fake casino, the casino might gain short term hype but in the long term, people will not play that casino because they will realize that the casino is a scam. Also, the people will also stop trusting that influencer who shilled the scam casino and he will lose his followers. I hope influencers know that it is not easy to gain a reputation and therefore they should not promote anything which is a scam.

Secondly, the trusted good casino can also contact the influencers to promote their casino and it is another very productive way of marketing and gaining more gamblers on the site.

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I think aside from running the casino which is an entirely individual business the CEO also has some other investment that will generate extra income to run the casino and now and then, a budget is set aside to promote the company so that it can gain the right audience.

-The major source of income for casinos is also from the activities of the players and their transactions a lot of others have created tokens and dived into NFTs.

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Quote from: Mahanton on April 01, 2023, 03:45:04 PM

How consider to be safe and fair? Just like been said or mentioned earlier which stick out on reputable ones on which you could assure
that you are really that in a safe place.

Good answer from Op's question, I focus on the third question because it is important for us to have the best and trusted casino for gambling, top casinos are proven to have fair play and have been trusted by the community of gamblers and we don't have to worry about being cheated because top casinos will not damage their reputation and not cheating their users, but keep monitoring every news related to your favorite casino list so that you can withdraw funds from that casino if fatal suspicions are found.

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Quote from: Helena Yu on April 01, 2023, 05:58:11 AM

Do you think offline casino never take a risk? Cheesy

so offline casino will always become successful and online casino seems most likely will not successful, this is what @OP thought here.

I think @OP knows the answer to his questions, he just posted the question to trigger discussion. Also, @OP does not give any conclusion of what is in his mind about offline casino being successful than online casino but to answer, I think both have risk, it is that online casinos have limitless growth because it can be accessed anywhere and anytime as long as there is an internet.

Quote from: Helena Yu on April 01, 2023, 05:58:11 AM

Any business will always take a risk, it just depends on small or big the risk. If the online casino is okay to accept regulation, they don't need to worry when their casino become bigger, they will get asked to follow the regulations. But if the casino's owner doesn't want to accept license or regulation, this could be a problem in the future if he keep want his casino become zero KYC casino.

True that, every business have its own level of risk whether it is regulated or not, licensed or unlicensed.

Quote from: Kakmakr on April 01, 2023, 03:41:58 PM

Well, the casinos has a house edge ...... they take a small percentage of all bets that are placed on their platform and they use that profit to pay for marketing and all the expenses they have.

In short Casinos' earnings came from gamblers who play on their platform.

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Quote from: KaizenJujustsu on March 31, 2023, 10:12:32 AM

I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from? How will you get scammed when you try online casino? How can you tell that online casino is safe?

Where they do get the money to pay up influencers? Of course into their revenue that they had gained through their users or players.

How you would be getting scammed? If you do stick into those unknown or shady places then you would be likely to be scammed but if you do stick on something that had been trusted by many
then it would be unlikely for it to happen.This is why it would be common sense on sticking into that rule.

How consider to be safe and fair? Just like been said or mentioned earlier which stick out on reputable ones on which you could assure
that you are really that in a safe place.

Kakmakr

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Well, the casinos has a house edge ...... they take a small percentage of all bets that are placed on their platform and they use that profit to pay for marketing and all the expenses they have.

The online casinos are licensed and some of them are regulated... so they have to adhere to specific rules and regulations to be able to operate. Roll Eyes

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