Topic: Roobet.com | Crypto’s Fastest Growing Casino 🦘 - page 399. (Read 84243 times)

96.51% RTP seems the standard RTP for some slots game, I also checked on the Casino I played, and seems they are all the same RTP on the same slot.  I am also curious about the answer of Roobet to this inquiry.  I hope we can hear a good reason for this.

Afaik, Roobet has contract with Softswiss which provides the games for Roobet users but I have no idea about built-in wager system.  The answer will be interesting to know why the house edge is higher on Roobet. I have checked the same slot on 5 different casinos and other casinos have the 96.51% RTP.

Yeah, chip balance doesn't make all that much sense when it is not a real coin, but adding stuff like tron which is quite cheap could allow people to move their money in an out very easily, and people would be doing it both cheaper and faster at the same time. I am not saying let people gamble with it, that is the easy part, I am saying if I have btc in my roobet account and I want to get it out, I should be able to exchange it to tron and then move it out in tron currency and after I got it outside I can do whatever I want with it.

However tron is just an example, you can switch that with any real coin that is cheap and fast to move as well. I feel like ETH would be even enough, it is a bit much I know but it is still not that bad as of right now, today I handled another transaction and it took me like 2-3 minutes at most and it cost me 40 cents, that is not too bad.

That probably not possible in a site that offer games from 3rd party provider

Some 3rd party game provider ( Pragmatic Play and Evolution Gaming for example ) has built in wager system with the lowest bet of 0.1/0.2 unit. So if the site uses bitcoin currency instead of usd / euro, lowest bet will show as 0.1 mbtc instead of 0.1 usd. That would be over $1 as the lowest minimum bet which is why alot of site opted to use usd / euro if they provide 3rd party slots in their site

Yeah I know right, if the opposite would be happening then I would be getting more Satoshis instead but winning the profits in Saothis would be more thrilling instead.
At least having that option would be better since different players have different preferences.
Roobet should consider giving this option to their users to let them choose their primary currency for gambling.

You look at the good side only which is when the price of bitcoin is increased significantly.
What if the opposite thing happen (bitcoin price drop down significantly)? Would you think the same thing?
Basically using $ give you better money management as you can control your gameplay easier without checking the bitcoin price all the time.
Of course its all about preferences, but adding the option to show the balance on the gameplay is a good suggestion so players can choose which one is better for them.
 

Why is there no option to gamble with Satoshis instead of dollars on Roobet ?
This thing really pisses me off these days since the price of bitcoin is increasing every week.
Lets say I had deposited amount X and now bitcoin has raised 1.3x times but since we are gambling in dollars the raise in bitcoin's price doesn't make a difference here.
Now assume I made a profit of 1.3x times the amount I deposited but if I withdraw the amount I would basically get the same amount of bitcoins I deposited.
If there would be an option to play with Satoshis instead the amount of profits would be better than the dollars.
Don't you guys think so ?

I got your point.  You will have to wait for the withdrawal fee to go down if you are hesitant to request if the price is too expensive for you.  And when it goes down and you want to continue, the value of the coin can go down as well.  We now know that there is a time when the transaction fee of BTC or ETH is high, so in such situations, other altcoins like XRP are needed to save.

Why did Roobet lower their RTP on pragmatic slots? It's 1-2% lower than most casinos. Usually casinos set the standard RTP like Chips.gg

Obviously, waiting for low network fees can be waste of time because the volatile crypto market doesn't want to calm down all day. The feasible solution is to use chips balance and let the user choose which way it is affordable to request a withdrawal. ETH fees were over $2 a few weeks ago due to DEFI transactions, the same thing has happened for BTC transactions. Maybe it is time to use "chip balance" or adding an option to exchange altcoins which is faster and cheaper.

There are always advantage and disadvantage for any types of withdrawal fee including the one which is used by roobet. The advantage comes when the network is good because players will be charged low fee, and the disadvantage comes when there is network congestion because players will be charged high fee. The best thing to do by players to avoid high fee is waiting for the network back to normal, of course waiting is something we do not like especially if we need the money as fast as possible.

The reason why there is so much difference between some other business' that wants you to pay for the fee is not only blockchain it is also because they do not see you as a returning customer all that well and they are not going to suddenly make 30+ bucks from you, you are going to have to pay that for those companies. However do you know why casinos try their best to keep you?

It is the same logic as why bread is usually something big supermarkets lose money from, they want you to get in and buy stuff like bread and egg and they lose money on that because it is so cheap, but you also end up buying other stuff there that makes them a lot more profit than the money they lost on bread.

Same with casinos, they want to give you as many things for free as they can, as long as you stay and end up losing money in the long run.

Its currently charging up $0.72 Transaction Fee as of this writing which is anticipated yet the entire network isnt overloaded anymore.

For someone who do ask about fees then this is a prove out that they arent really fixing up fees.It all matters with the network condition.

Can we stop on talking about withdrawal fees? 

Roobet doesn't charge a flat fee for withdrawals. It changes according to network status. So it's normal (expected) to see such high amounts when the network is cloged.
Anyway, it seems that things went back to normal since the withdrawal fee just dropped to as low as $1.69.

^Casinos do not charge as much as some of the exchanges, exchanges have a guaranteed profit with the trading fee yet they still charge more than the casinos that you could get in, bet 10 bitcoin on 2x on dice and see if you are lucky, maybe win and withdraw 20 bitcoin in return. Definitely we all know there are not that many of them around and usually you end up losing money but at least there is a "possibility" of casino losing money whereas exchanges do not have that possibility, exchanges do not risk any money, yet they still end up with higher withdraw rates.

In the end we are talking about something important on blockchain tech here and not on roobet, when blockchain is so clogged that you have to pay 5 or more dollars to get your money before 1 hour, that is something bad on blockchain itself and not on any casino.

I understand what you feel when you have to pay more than 10% of your withdrawal for the fee. I wont be worry to pay $7 if my withdrawal is thousands dollar
I believe it is the time for roobet to consider to add more currencies with lower fee but faster confirmation such as TRX, DOGE, or XRP.
Although the fee for ETH is cheaper but there are some players who do not even want to pay more than a dollar for the fee especially small players who want to withdraw the $10-50
Or probably roobet change the withdrawal fees into a fixed one or even offer free withdrawal fee for promotion especially in this kind of situation so it will be very helpful for players.

Not everyone has to gamble for the "as high as it gets" type of deal, obviously if you keep doing it forever (probably with use of an automatic betting bot on a VPS not to strain your pc) you could find few a day and hope that it profits you more frequently than your losses.

However I think 1.01 cash out is as legit as 1000x cash out, they are basically the same thing in my mind, both of them have the same idea that you are not going to make as  much profit when you win as you lose because there is a house edge.

One of them constantly wins tiny and loses big in the end, one of them loses tiny and wins big in the end, all comes down to house edge of course. Hence, why I think there could be billions and billions in multiplier and as long as there is house edge it doesn't "sound" that different from anything else to me.

I understand your concern perhaps more than you imagine, in fact many players are very active moving their winnings at certain times, for whatever reasons, even the simplest "I want to get my money, my winnings" the reason does not matter.

And I'm sure that from the casino (anyone) you withdraw today, for whatever reason in the future you are depositing again. But it is also important to know that these amounts set, far from being something pejorative in the "majority" of the casinos, is something circumstantial related to the price of bitcoin at certain times.

The above led me to create a thread of some casinos in August for this reason I leave you the history of
Roobet until my last update:

Now your case as I mentioned in the post is a simple guide to get an idea of ​​the changes that these fees entail due to the price-network effect.

We all suffer, I am trying deposit in another casino, I need it to arrive before October 31, although I did it on October 28 still remains unconfirmed, it may be solved in hours or it may arrive on November 1 (maybe if i'm lucky    ) and I lose the goal of that deposit, with this I want to tell you that we are all affected in many ways.

For that reason the casinos at this time have high fees so as not to have players waiting for many hours or days for their withdrawals. Unfortunately this affects withdrawals that are not at least 10 times the amount of the fee, the minimum sacrifice ratio that I would be willing to bear at least in my case to make a withdrawal without waiting for the fees to go down.

G.B.

Yes indeed. The withdrawal fee has increased because the network is congested as of now and people are paying more than the standard transaction fees to get their transactions confirmed.
Even I went for a withdrawal today and noticed that the withdrawal fees is $7. I just closed the tab on my PC seeing the withdrawal fees 
It's obvious, I can't pay a fee of $7 to withdraw $57 right. We will just have to wait until the network is less congested and the fees comes back to normal.

Yes it looks like that's the only way we could skip this transaction fee. Thanks for the advice