Topic: Pros and Cons of Crypto vs. Traditional Gambling - page 3. (Read 768 times)

I will highlight this one as I have a bad experience when I have a good winnings and they don't what to released it right away. Although it took them more than a week to give my winning, they said that they will ban my account for at least a week because they suspect that I might be cheating. I said I don't cheat, as they can check my IP address and the history of my bets. It's just really unfortunate to hear that, if I deposit huge money there is no problem with them specially if I'm in a losing streak. Now that I got back and chase and recoup my losses in the last couple of weeks, they accused me of cheating and then ban for a week. So I said to myself that I won't be playing in that platform and I will be back in the regular crypto sports bookies that I used to bet and not used any e-wallets for now.

The frustrating hurdles one has jump through to make a deposit. It's almost as if they don't want us to spend our money on them... Strange, given how they make money

Although I like the ease that electronic wallets provide, I find it unfortunate that many of these sites are not honest. Convenience on one hand, and legitimacy on the other. You can't win in this scenario.

Your enthusiasm of crypto is natural given that it is widely used and easier to use. Let's be honest, though: crypto doesn't exist in a vacuum, and it certainly doesn't lack problems (volatile markets, regulatory ambiguity, security worries, etc.).

I think that compared to traditional gambling, crypto gambling is much better in every way, from convenience, anonymity, speed, easy deposits, staking features, etc, and the majority of people already admit that. So comparing traditional gambling with crypto gambling is not suitable, because indeed crypto gambling is an innovative form of gambling and I think in the future with increasing adoption of crypto globally, people's interest in gambling using crypto will also increase and traditional gambling inevitably will follow.

Yes, deposit and withdrawal in traditional casino is not that fast as crypto casino. You have to go through multiple payment processing interface in traditional casino. Payment can take days to hit your bank account. e-wallet are just waste of time, they to take the same time to refill. Only positive thing is that the gambler doesn't need to wait for his deposit if he regularly refills the wallet. There are lot of advantages of using crypto casinos than traditional ones.

What I really noticed in traditional casino or gambling is that the way you deposit money on it is sometimes difficult, like there are many platforms that you need to go through. There are still casinos that have used e-wallets with our local currency, but the problem is that most of those casinos that are using them that I am aware of are not legal; they mostly got closed down, and others won't release your winnings. That is mostly what I have noticed, and there are no established online casinos that I know of in our country that are using e-wallet. That is why I prefer crypto, as it is legal internationally and has been established already.

That is the convenience provided by online casinos so that both online and offline gamblers can feel the attractiveness of this online casino. They started trying to play gambling online and found something different from what they had found that made them more interested in trying to play other casino games.

What's more, there are a wider variety of games that gamblers can get if they play online gambling games. That's what makes them spend a long time playing online gambling. And that's where many problems started to arise in gambling that made people addicted to online gambling.

People's interest in trying out crypto casinos is growing as people find that they don't need to connect their bank accounts to start gambling. They just need to buy the coins they want to start gambling. And there's always a new experience for those who want to find a different casino game.

But indeed, traditional casinos are not abandoned by their fans because these people still want to feel the real experience when playing gambling. They may still visit traditional casinos with their friends, play gambling games together, and spend time at gambling tables. And traditional casino owners can still benefit from these gamblers.

KYC has started to be implemented in many casinos and crypto casinos. But I think many crypto casinos still don't strictly implement KYC so gamblers who just want to play gambling and spend their spare time gambling can still enjoy it without having to do KYC. But when they use big money and manage to win big wins, the casino can ask them to do KYC and that's what they don't want after they are done gambling and want to withdraw the money.

Playing at an offline casino can provide a real experience by feeling the machine, getting excitement and fun, and getting real experience when playing gambling. And it will be different if they play online gambling because they cannot touch the machine. But the winnings will also be the same even if they only see it on their cellphone screen or monitor, but they get the winnings in their account balance.

Well, choosing to play online or offline will depend on one's comfort side because when he is comfortable playing gambling at an offline casino, he will not care about the people beside him. He just wants to enjoy his time gambling and having fun.

To compare is possible because each has their own pros and cons. I think the main advantage of offline casino is you can feel them properly because you can touch the machine. Another thing is there is a crowd around you.

For some, this is good while for the other, it is a disadvantage because they can't concentrate or they feel awkward when someone is behind them or in their side watching how they play the game. They can also get paranoid and think what if some of these people rob me later on? So, they just play in the comfort of their own home in a online casino. It's easy for an online casino to evolve but hard for an offline casino to do the same but again, there are still a market for them.

I don't have any problem with people promoting their services or websites, obviously, as long as they offer some appealing information which catches the genuine interest of all of us.

I think some people would not agree if I decided to promote my website with such an spent topic like: "What is cryptocurrency" or "What is a crypto casino". Staff behind a project is supposed to be better than that or hide people capable of writing some interesting articles. Just my opinion.

What I like about traditional casinos is their ambiance, the physical place. It is much more enjoyable to play in such a location compared to online casinos where you don't have any of that, physically. On the other hand, what's great with online casinos is their convenience.

Credit card companies are concerned with casino and sportsbook transactions because it's their money that the credit card holder will use. As we know, the industry has lots of potential fraud, and it also sometimes leads players to become addicted, which could result in higher credit usage by the holder, wherein they might not be able to pay those debts on time.

what op did was like hitting two birds with one stone. Generating a thread while promoting his site

People nowadays prefer the convenient way, no matter what their age is as we are transitioning into the digital era. The only thing they need to worry about is the KYC if they want to play in reputable sites. But there are a lot of ways to get it done. I wouldn't be surprised if those big traditional casinos will also launch their online casino so they can go with the flow.

From the development of crypto casinos, which are increasing very rapidly, we can see that people are very enthusiastic about crypto casinos, in fact, every day there are always novice gamblers who are starting to enter the crypto gambling industry.
Even so, traditional casinos are still widely enjoyed by some gamblers, but over time traditional casinos will be left behind and maybe traditional casino owners will also develop their casino business to become online and based on crypto.
If today's traditional casino owners don't try to develop online casinos, maybe they will lose their place and their income will definitely experience a pretty drastic decline.

My take on this is that, they're allowing to purchase digital products with the use of credit card. And that's why if a customer tries to use his CC to get his gambling account funded, they should allow it. But I do also understand that the banks don't want someone with a gambling behavior and activities spend money in credit because it might also affect their credit score and as well as their payment behavior. Sometimes, that's also understandable when they're trying to be strict with their policies since it is their money that's being spent or should I say, other depositor's money.

Yes, you are right and that is what is currently developing because with today's technology all casino gambling can be accessed and used using cellphones, that is why I prefer to use crypto instead of using bank accounts or debit cards to avoid unnecessary questions from the bank conducting investigations on my account, using crypto is much easier than using a bank account.

Many of the traditional gambling casinos that I have seen are starting to be abandoned by their users, most of them are more fun using their cellphones to gamble anytime and anywhere, the easier it is to gamble, the more popular it will be because technology is developing quite at this time and young people also prefer to gamble using their cellphones.

That is right the volatility of bitcoin or any other crypto is not the concern of casino. At payment, they will pay according to current rate of price of bitcoin and also when you are about to deposit to the casino, the same measure of current price rate is used. So it may favour the gambler or at his disadvantage it depends. Therefore it is the choice of the gambler to choose from the range of crypto coins available on the casino. To avoid all those volatility differences, it is better if the gambler play with stablecoin.

If we look at the development of the gambling industry, today's young people might prefer casinos that can provide convenience rather than make themselves difficult. In this case, people will probably choose online casinos over traditional ones because they can deposit their money through many payment methods. Especially now that many crypto casinos also make it easy for them so that people can also use crypto casinos where they don't need to use credit and debit cards to avoid investigations from the bank regarding the use of money in their account.

Since many local banks are owned by giant banks which have a presence in almost all countries of the world then I would suppose policies like not allowing a person to make a deposit to their gambling account using a credit card are pretty much everywhere, and to me it makes sense, if a bank allowed you to buy a TV on credit, at least there is a physical good which can repay part of the debt in which you incurred, while this is not true in the case you gamble and lose that money away.

What do you mean by many gamblers wanting a more secure way to protect their money against volatility and that a crypto casino can't operate without a fiat backup? Why would a crypto casino need any fiat backup in the first place? They provide a lot of deposit options for their gamblers to choose from, and it's up to the gambler which coins they would like to use for their gambling activities, so I don't see how a casino will be responsible for any volatility happening in the market regarding that coin.

If you choose to use Bitcoin for gambling, and deposit and gamble with Bitcoin, and if the price of Bitcoin falls during your gambling, the casino is in no way responsible for whatever value your coin has dropped, they will give you the same amount of Bitcoin that you have in your account and that's it, it's totally on you since you are the one who chose to use Bitcoin instead of a stablecoin for gambling.

I am not 100% sure but isn’t it is allowed to find your online gambling casinos with credit and debit card already? I mean this option is literally available on almost every popular gambling casino available out here on the forum. I am talking about most of the popular once. This makes me think Credit cards doesn’t need to ban the traditional gambling casinos too. It has got nothing to do with traditional or modern. There might be blacklist for this purpose depending on various factors. Crypto casinos definitely offer wide range of payments and with ever growing easy payment set ups this is another time we seeing ease of making payments. Things are now international and way easier.

People have different preferences when it comes to gambling. Some of us prefer to use crypto because of the convenience and anonimity that we couldn't experience when using fiat while others prefer fiat because they're more comfortable using it.
When it comes to transactions and withdrawal, I think crypto is much easier to use since the transaction is instant and real time where there wouldn't be questions from banks. Payout is the usual problem when using fiat especially if we're doing a traditional gambling. However, if we're doing it for a long time, I don't think there would still be a problem especially if we know how to deal with the risks and the struggles of the deposit and withdrawal process.

 When I first starting betting sports, I had a good buddy who I grew up with, having gone to both high school and college with, who decided to become a bookie.  So I used him to do my sports betting for a two-three years or so, then he stopped.  So for a while I wasn't placing any sports bets online as you really didn't have any options that weren't offshore casinos that would send shady looking checks from some tropical island bank.  Crytpo completely changed that game.  Now being able to deposit and withdraw via bitcoin, rather than waiting weeks or months to receive some shady looking check, now it's typically a 1-2 payout.