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Topic: Is Online casino always take risks? - page 17. (Read 2141 times)

legendary
Activity: 2674
Merit: 3023
Top Crypto Casino
March 31, 2023, 06:06:59 PM
#38
The casino business model is built in such a way that algos keep it at 50% win rate, so it doesn't have a lot of money from people losing, unless the casino is rigged.
The main profit comes from house edge that gives the casino a certain amount of money from every bet, won or lost.
What you said in the first statement isn't correct (there are few exceptions, though) and it's contradicting the second statement.
If the odds (chance of winning/losing) are always 50-50 then the house edge would be zero. With no house edge, the profits of the casino on the long run will be zero.

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So the casino has to keep a large enough bank to be able to handle people who win $100k, but sooner or later there will come people who lose that $100k and return the bank to equilibrium.
This is true. This is a game of chance and on some cases, gamblers may be in net profit so the casino need to have enough money on their bankroll to pay the winnings.
hero member
Activity: 2590
Merit: 644
March 31, 2023, 06:03:07 PM
#37
~snip~
Before jumping in, it is better just to ask more experienced people about trustworthy webs to gamble on, in communities like this one. Even the reviews on Trustpilot can be altered by scammers, I am afraid.  Roll Eyes
^That is right, a community like this is a reliable source when it comes to a good review, because it is clear that it is not manipulated.
No one will risk a new gambling casino even if it is new and even if it is promoted by an influencer, gamblers will always ask for legitimate feedback that can convince them to jump in. So why do we jump into a new casino if we have old casinos here that continue and existed their good services? That is an ethical decision.
hero member
Activity: 2996
Merit: 598
Leading Crypto Sports Betting & Casino Platform
March 31, 2023, 05:56:21 PM
#36
I am just curious about how does online casino pay for their promotion on their influencers?
From their profit is easy for a casino to make a profit as long as there are many gamblers coming in to bet and they need influencers and marketers to market their platform so they can continue to make profit


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How will you get scammed when you try online casino?
You'll likely get scammed if you play in a scam casino, as a gambler it's your duty to do diligent research on the status of the casinos that you're playing

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How can you tell that online casino is safe?
Check the scam section if there are complaints and see if the complaints are valid and unresolved, this is a warning sign that it's not worth playing on that casino and should be avoided.
hero member
Activity: 1456
Merit: 940
🇺🇦 Glory to Ukraine!
March 31, 2023, 05:55:09 PM
#35
How will you get scammed when you try online casino? How can you tell that online casino is safe?

Research the casino's reputation online by reading reviews and feedback from other players. This will give you an idea of their experience with the casino and whether they consider it safe or not. There are several reputable sources of honest online casino reviews. One of the best sources is independent review sites that specialize in online gambling, such as AskGamblers, ThePogg or CasinoGuru. Ultimately, it's always better to err on the side of caution and do your due diligence before depositing any money into an online casino.
hero member
Activity: 2744
Merit: 588
March 31, 2023, 05:49:46 PM
#34
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?
Promotions will depend on their agreement and its hard to know this. Casino earnings obviously came from the gamblers and you will get scammed if you are playing on the wrong site. Try to look for the list of good site here so you can be more safe when gambling, there’s a lot of crypto gambling site already but for me not all are worth to try, just try a few and decide where to play more.

As a rule of thumb, nobody should try or deposit onto a casino just because it is being recommended or promoted by some well-known or favorite influencer. Because, we all know that it does not guarantee an experience of quality or even that the casino itself is not an scam.

There has been instances that promoters are not even entirely sure what they are selling to their audience, specially those who are less experienced with PR, only have presence on Instagram and have never promoted gambling services before.

Before jumping in, it is better just to ask more experienced people about trustworthy webs to gamble on, in communities like this one. Even the reviews on Trustpilot can be altered by scammers, I am afraid.  Roll Eyes

I can understand the questions of the OP as he is a newbie here.
Now, that he is in the forum and found this gambling board, he can now start a very good journey of discovering valuable casinos to play with.
This board alone can help him identify good casinos to play with by checking their trust summary and the thread itself.
If he will play only on reputable casinos, getting screwed is far from happening to him. But should always be on the lookout of the ToS of the site.
Most outside reviews are not authentic. And recently, one user posted here that he was paid to post reviews in trustpilot, but rep failed to pay in full.
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
March 31, 2023, 05:20:51 PM
#33
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?
Promotions will depend on their agreement and its hard to know this. Casino earnings obviously came from the gamblers and you will get scammed if you are playing on the wrong site. Try to look for the list of good site here so you can be more safe when gambling, there’s a lot of crypto gambling site already but for me not all are worth to try, just try a few and decide where to play more.

As a rule of thumb, nobody should try or deposit onto a casino just because it is being recommended or promoted by some well-known or favorite influencer. Because, we all know that it does not guarantee an experience of quality or even that the casino itself is not an scam.

There has been instances that promoters are not even entirely sure what they are selling to their audience, specially those who are less experienced with PR, only have presence on Instagram and have never promoted gambling services before.

Before jumping in, it is better just to ask more experienced people about trustworthy webs to gamble on, in communities like this one. Even the reviews on Trustpilot can be altered by scammers, I am afraid.  Roll Eyes
hero member
Activity: 1680
Merit: 987
#SWGT CERTIK Audited
March 31, 2023, 05:15:38 PM
#32
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?
Promotions will depend on their agreement and its hard to know this. Casino earnings obviously came from the gamblers and you will get scammed if you are playing on the wrong site. Try to look for the list of good site here so you can be more safe when gambling, there’s a lot of crypto gambling site already but for me not all are worth to try, just try a few and decide where to play more.

Some sites are also a bit fraudulent concerning withdrawals: they don't notify about KYC, withdrawal limits, withdrawal ways until a gambler tries to withdraw the funds. It's quite silly situation  when there is such surprise...
full member
Activity: 2086
Merit: 193
March 31, 2023, 04:39:11 PM
#31
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?
Promotions will depend on their agreement and its hard to know this. Casino earnings obviously came from the gamblers and you will get scammed if you are playing on the wrong site. Try to look for the list of good site here so you can be more safe when gambling, there’s a lot of crypto gambling site already but for me not all are worth to try, just try a few and decide where to play more.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
March 31, 2023, 04:25:56 PM
#30
I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from?


many members have already answered your question, but I'll add the following: when people lose money ( just imagine that more than 90% of everyone who is playing in this case is losing money ) it goes to the casino, and profit for the casino

How will you get scammed when you try online casino?

There are many techniques that scam casinos have used, I will give you some of the innovative techniques that scammers have come up with:

1 - you make a deposit, play and win, and when it comes time to withdraw the casino tells you that you are cheating or then accuses you of having too many accounts or then I asked you to do KYC and then accuses you of having too many accounts. do this so that you will not be able to withdraw money from the casino

2 - there are also casinos where when you win they accuse you that you already knew the result of the game and they don't pay you anything and close your account, yes I know it's something pretty crazy to accuse the customer that they already knew the result of the game even before from the game to start, right here on the forum in a casino scam that has been doing this for over a year, unfortunately they still haven't fallen on the police radar, I don't know if the reason they haven't been arrested is because people don't report them

How can you tell that online casino is safe?

go to google and do a search, there are some patterns that are possible to be recognized as:

1 - when you only see positive reviews here: trustpilot

2 - when you find scam accusations in this forum

3 - when you see complaints of slow service in support

4 - new casinos are the most risky, always better to choose old casinos from here on the forum
legendary
Activity: 3010
Merit: 1280
Hire Bitcointalk Camp. Manager @ r7promotions.com
March 31, 2023, 03:32:35 PM
#29
I am just curious about how does online casino pay for their promotion on their influencers?

They pay influencers through the casino marketing budget.  It is either form the owner's own pursed that is set to marketing, or from the profit the casino get from the players.


How will you get scammed when you try online casino?

You can possibly get scammed if you play in a non-reputable, unlicensed casino.

How can you tell that online casino is safe?

There are indicators and reviews that an online casino is safe to play with.  If the casino is fully licensed and the licensed announced is verified.  Then it is more likely safe to play on that casino.  Also, reputable and long-running casino is somehow safe to play with.  But of course, there is always a chance that these casino can turn rouge and scam their players so we must always be vigilant.
hero member
Activity: 1708
Merit: 566
Leading Crypto Sports Betting & Casino Platform
March 31, 2023, 02:43:08 PM
#28

Casino owners most probably have a budget to pay for the marketing out of their pocket. It seems necessary to market the casino. I just don't know how they make the deal with the influencer. If the casino doesn't want to risks then they must have something like a reward for achieving something. Could it be how much the influencers bring to the casino since the start of his promotion?


Of course at the beginning of a project or business there needs to be capital that they have to spend first and it will always be there. It's impossible for a casino to just walk away without a penny of their money right?
I actually don't really understand how mutual benefits work for casinos and influencers in their partnerships. But what I know is that usually the influencer will put their referral link for people who are interested in registering at the casino. So maybe it's true from what you ask, they get money that will be calculated from the amount they invite in the casino.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
March 31, 2023, 02:24:03 PM
#27
Hard to understand what you are asking here, but based on your title, yes, the casino does take some risks (all business has risks involved!). But the casinos have an house edge, which ensures that in the long run, they will always be making profit. This house edge ensures the steady flow on income for the casino.
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?
The earnings come from the "losing" bets of the players. If you don't want to get scammed, then go for a casino that has good reputation. A well established casino would never scam their players. You can find out if  a casino is safe or not by looking at the reviews. Also make sure you are playing at a licensed casino.
hero member
Activity: 952
Merit: 555
March 31, 2023, 02:05:50 PM
#26
I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from?

Should in case you don't know, if you're starting a new casino, you are expected to have your own money at hand enough for a full start up which will covers all the expenses needed for a full operational set up, you will need to have enough funds, and you don't need to rely or depend on others or the means of income for your full operation, many establishements pay huge amount of money for advertising their organization and services.

How will you get scammed when you try online casino?

Once you fall hand of scammers using online casinos as cover, that's why it is required of you to research well before choosing a casino to gamble.

How can you tell that online casino is safe?

When everything they does is on a plain and transparent level, but know that gambling itself is all about taking risk since money is involved and you are liable to either win or loose.
legendary
Activity: 2744
Merit: 1174
March 31, 2023, 01:50:28 PM
#25
your question should be well structured to make it look neater, I will summarize it here the casino will pay for all influencer campaign promotions from their income at the casino for example from the money of gamblers who lose there and that is also their source of income, usually new casinos will be more prone to be fraudulent casino so better see the reputation of the casino or wait for positive feedback on the casino especially active in this forum so we can also know that this casino is really safe.

The casino business model is built in such a way that algos keep it at 50% win rate, so it doesn't have a lot of money from people losing, unless the casino is rigged.
The main profit comes from house edge that gives the casino a certain amount of money from every bet, won or lost. So the casino has to keep a large enough bank to be able to handle people who win $100k, but sooner or later there will come people who lose that $100k and return the bank to equilibrium.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
March 31, 2023, 01:44:01 PM
#24
If the person hired to advertise the platform is effective in bringing in a lot of users, that's what the company gets from paying a hefty sum for their services. It's a rewarding investment, as many of the users who were attracted to the platform are likely to continue playing on the casino even after the endorser's contract has ended. Just like other businesses, casinos need to spend money on expenses in order to increase profits. Advertising is one way for them to invest in their growth.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
March 31, 2023, 01:24:28 PM
#23
Hey, man, you're nailing those inquiries! Cyberspace's chock-full of digital gambling dens nowadays, so vigilance is key when scrutinizing those tantalizing promos and incentives.

Alright, so check this out – online casinos typically compensate their influencers via clicks, eyeballs, and newbies they attract. It's a symbiotic deal; the promoter pockets some dough, while the casino reels in fresh clientele.

Now, as for that moola source, it's elementary. Web-based casinos snatch a slice of the action, dubbed the "house edge," from players' wagers. More gamblers equal more profits.

But let's face it, online casinos can be a veritable hive of scammers. Don't dive in headfirst; do some sleuthing before committing to a site. Hunt down reliable reviews, licenses, and stamps of approval. Remember, if an offer reeks of too-good-to-be-true, odds are it is!
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
March 31, 2023, 01:19:34 PM
#22
We won't know how the online casinos pay for promotions to their influencers, but my guess is the casinos pay it through their gambling accounts so that the influencers can directly use it to gamble or to withdraw it. Or maybe the casino pays directly into the influencer's personal wallet, and there are many ways to pay the influencer.

To avoid being scammed when trying out online casinos, read lots of reviews from people and try to find the online casino through these forums and not anywhere else. Reading the reviews on this forum can help us find a safe casino that we can use to gamble. And so far, we already have many safe, trusted, and well-reputed casinos on this forum. So that was enough for us to find a good casino for us.
legendary
Activity: 1022
Merit: 1341
March 31, 2023, 12:51:43 PM
#21
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?
Everyone has their own perspective in the matter on ground. Chronic gamblers will give the must favourable answer on the topic and the questions arising. Let give the step by step answers of the question on my way of understanding. Casinos pay their influencers through the income they make from the gamblers. When a gambler losses his bet the money that has been deposited to the account would be taken by the casino because he has loss his bet. There are different ways you can be scammed. By not allowing you to withdraw your wins, blocking from withdrawing after winning, deleting your account because you win big and asking not KYC un-necessarily. These are some of the ways one can be scammed as I know.
legendary
Activity: 2296
Merit: 1038
Leading Crypto Sports Betting & Casino Platform
March 31, 2023, 12:39:00 PM
#20
your question should be well structured to make it look neater, I will summarize it here the casino will pay for all influencer campaign promotions from their income at the casino for example from the money of gamblers who lose there and that is also their source of income, usually new casinos will be more prone to be fraudulent casino so better see the reputation of the casino or wait for positive feedback on the casino especially active in this forum so we can also know that this casino is really safe.
hero member
Activity: 2716
Merit: 698
Dimon69
March 31, 2023, 12:30:35 PM
#19
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?

Online casino always takes risk because it’s gambling. By simply depositing in any casino regardless of reputation will already put you on risk of losing money because you gambling your money for a chance to win.

Casino generates profit from the players money that lose in their games. Casino always win due to their games design for their advantage. They have huge funds for marketing and this is the money being use to paid influencers and other marketing campaign of the casino. As for other question. You should always do background check before you play in any casino. Choose the most used casino to make sure you are safe.
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