Topic: Is Online casino always take risks? - page 6. (Read 2147 times)

In essence, before the casino that was built went well, or we can say a new casino started pioneering in this industry. before, they had to prepare everything in advance. whether it's domains, hosting, scripts, games that will be adopted, you can also adopt sportsbook betting, live casino, and so on. no exception, with a license. well, what is important is sound financial logistics to finance all the operational funds that the casino runs. whether it is related to maintenance costs, other operational funds. financial logistics, can come from several investors, depending on the products we offer. or perhaps, with privately owned funds.

Well, once everything is ready, the casino will introduce itself through web advertisements, influencers, or whatever helps to make the casino famous. that is, the funds that are issued to pay for promotional services have been budgeted in advance without having to rely on losing players.  well, after the process is run properly, the profits will come by itself.  or it could be, as you say and I agree with your opinion.

It's basically greed that makes people use new casinos with big deposits since those casinos promote big bonuses in their advertisements and those with high greed start to imagine that they will win big by claiming that bonus but it actually backfires and they get scammed even if they manage to win something extra with the claimed bonus.

One should simply use an existing platform that is trusted and already has a reputation within the community to stay safe from such things, if it's just about the bonus, I don't really think it's worth it considering you will lose your deposited money only for that.

Even if you're just a regular small baller, it's still advisable to read the platform's terms and conditions before you commence on making a deposit. I mean, anything can happen and it's much better if you know their terms so that if you find yourself in any situation, you won't be asking yourself some questions that you probably don't know the answers as well. That's just like going into a war without knowing what you're dealing with, and in terms of casino, we should already accept that our chances of losing is really much higher because they got the house edge and we ourselves just have luck and enough knowledge to play.

And I think we've all probably experienced disappointment because it turned out that the promotion had terms and conditions that we couldn't fulfill, so we couldn't get it in the end. But if we don't think much about the promotion and deposit as much money as we can afford, we won't regret it even if we lose.

That's the difference we can get now, depending on your preference. If you want to get a promotion, you must really understand the terms and conditions. If necessary, you can ask the support service before depositing the money set to get the promotional bonus. Do not let us regret it after we deposit the money.

I've been in a position like you and made mistakes, as well as other friends. We seem to get carried away by the temptation of a promotion that looks so good to get that it makes us deposit a set amount of money, but it turns out we have mistaken it for an attractive promotion. It happens because we don't read the terms and conditions, so many of us blame the casino after they find out. Even though it's a mistake, we make ourselves because we don't read it carefully. This should not be repeated to us; we must first see and understand the terms and conditions before we can decide.

Gambling generally is taking a risk with your money where the risk of losing the money is higher than winning anything on top of it, and when someone doesn't read the terms and conditions of a casino platform before gambling in it, I believe they simply double the risk for themselves as they will not know anything about their terms and conditions at all.

Whether the terms and conditions are lengthy or you don't like reading, it is important for your gambling activity to have some awareness of the terms of the casino that you are playing at just in case you manage to win something and want to have a withdraw, that's when problems start to build up for you.

this happens a lot and lots of people on these forums always warn you to be careful when trying out new casinos without any reputation and do a small amount of testing and you can afford to lose. I mean if trying a new casino site without good reputation it is better to test by depositing a small amount to give the site a try. and if it looks good there is no problem, try to withdraw your funds from the site and if there are no obstacles, don't jump to conclusion that the casino is worth depositing a large amount. because sometimes casinos like that trap when with a small amount there is no problem when using a large amount your funds will be taken for a thousand reasons.

anyway, a new casino should think long term not to risk defrauding its customers resulting in a bad reputation for its own site.

Unfortunately there are many gamblers out there that are not as cautious as you are and decide to use a big amount when trying a new casino and they end up regretting this decision as they get scammed.

Which is not surprising as when it comes to new casinos we do not have enough feedback to know if those casinos are legitimate or a scam, so even someone which went through the trouble of doing their own due diligence will not find enough information online about that casino, making them more susceptible to get scammed.

There are many other expenses that the site has to cover, not only paying the players. There is marketing and promotions, software and hardware maintenance, bandwidth, personnel... It is not that difficult to go under if the managers do not have a clear understanding of what they are doing. However, it is true that a casino has a permanent flow of cash, so financing is not an issue usually.

I am a player who looks for good promotions,good bonuses and has a lot to do when it comes to having the best offers, erp I have a big mistake and that is that I do not always read the terms and conditions because I do not like to read so much when I am about to to register and that is an error that I must correct, sometimes one sees that the promos say that they have to be for 30 people and then they cannot use the voucher in those cases I do not read,but it is necessary because otherwise it is to inconvenience because there are things that don't add up and it gets ugly when you want to withdraw winnings that don't leave the casino.

Yeah right, not all of those promotions is achievable most of them always have wagering requirements that if we are not careful in reading it, we will just go to disappoint ourselves to the point that we will be forced to keep trying to reach it and eventually we will just lose our deposited money.

Better to use the new platform and try the promotions using spare money, an amount that you can afford to lose whatever happens you can just let go and take the experienced playing inside the platform with you.

It's better if you don't get tempted by promotions from new casinos because they usually have a betting system that will make it difficult for us to fulfil it even if we deposit more money. But if you still want to try out the new casino, that's fine too and just make sure it's really a small buck to try the new casino. Never be tempted by attractive promotions because not all promotions will provide what we want because terms and conditions apply. We have to look for the terms and conditions so that we don't waste the money we use for gambling, even if it is small money.

i usually only put a small amount of my money into trying out a new casino. at least enough for a few rounds. especially if for a new casino, there are usually events for new members or first deposits. it can be great for testing a new casino.
regardless of whether they have enough cash reserves to pay player winnings or not. To be honest I didn't pay much attention to it. even though I know it's very important. therefore I would never put my large amount of money into the casino.

That's why it's important for a casino to have reserve funds, especially if it's just starting or new to the crypto-gambling industry. Because if there are no reserve funds, the casino's only goal, and pursuit will be to raise funds from gamblers who will enter money into their gambling platform.

Therefore it is also important to know if a casino is legitimate or not so that at least we have an idea if we will enter money or not into the platform of a new cryptocurrency casino.

Freebitco.in is a peer2peer casino and it is the only crypto casino that has this feature. When you make a bet on freebitco.in, you are actually betting against the other players on the website. It is called "Parimutuel betting".

https://en.wikipedia.org/wiki/Parimutuel_betting


So when you win a game on freebitco.in, you are  taking the other players' money. The casino never loses any money because they take their cut either way. If you lose or win, it doesn't matter to the casino at all.

I think more casinos should follow this same business model.

If to try a new casino, this method or strategy is often done by most gamblers so they are not too disappointed if the casino is a scam.
But when playing at a casino that is relied on and trusted, we will definitely make a deposit where we can, with quite a large amount, of course to be able to play and get lucky with a number of wins.
So far I have always made a deposit of no more than $5 when using a new casino and playing at the new casino just to get the promotion bonus there is.
After all, in each ANN thread, there is definitely a lot of feedback that will be given so that it will give us an understanding of whether the casino has a cheating case or not.

Yes, it's true that lots of positive reviews or feedback from gamblers can create a good reputation for casinos.
If in this forum it is clear that the feedback will be seen whether it is real or just fake because on average fake feedback is given by new shil accounts.
But still we have to do research to prove everything is true or not.

you are talking about casino that already existing and operating better, but what about those new sites that OP is pointing? do you understand that there are no same structure of each site?
those operating specially scam site like you advertise mostly has big amount to run their advertising.
but if they are legit but still new then they will have to spend from their own pocket.

It is a strategy that I also do, just deposit an amount like a couple of bucks so whenever something goes wrong and the casino isn't made actually to be gambled on, that's not gonna hurt our finances.

And that's why they've became so reputable as they've known in the community and they give honest feedbacks and reviews that even if someone argues with them, they can justify the authenticity of the review that they've given.

That's how the experience thought them a lot and I guess we have different understanding about this but regardless of that, we still agree in the same thought about these people about being honest and experienced.

Well, when you lose a gambling game all the money goes to the gambling site and in case you win the gambling houses give you the winning amount. The point to note is that gambling games are not peer to peer games, hence any money lost is a direct profit for the gambling site.
So in order for anyone to run a casino, they need initial funds to pay out the winners but as the casino grows more and more people will lose money and then there won't be a problem for the gambling casino to pay to the winners as they would be collecting huge amounts from people who lose in gambling.

in recent years with the implementation of kyc some casinos saw a great opportunity with the appearance of KYC, they created the TOS that greatly benefits the casino and with that the casino manages to obtain a lot of profits, for example the casino can put rules that when the customer make a deposit he must make 5x of the deposit amount to be able to make withdrawals, of course there would be few people who will be able to make deposits and after 5x they manage to withdraw, the casinos that implement this know this, but as they want to make profits, they put this rule in your TOS

casinos no longer want to profit only from the defeat of customers, they are placing bonuses with high requirements so that the customer will never be able to comply and claim the bonus, with this the casino hopes that the customer makes a deposit deluding himself that he will have a bonus and when the customer puts money in the casino will play and lose everything, and it will be a profit for the casino, in other scenarios the casino when it sees that the customer has already won a lot, then it accuses the customer of having many accounts and being a bonus abuser and then closes the account of the customer and confiscate the customer's money, with that the casino already makes a profit. some casinos have profited greatly from these shady behaviors