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Topic: Should Online Casinos Publish Their Bankroll? Your Thoughts? (Read 431 times)

legendary
Activity: 2212
Merit: 1947
~snip~

I don't think a casino is required to disclose the funds in its possession. Reporting to the government is one thing, but reporting to the general public is quite another. Casinos have more effective mechanisms to attract users and they use them. For example, I do not care what bankroll of a casino with a good history and reputation among the gambling community. If tomorrow there will be a new casino with full disclosure of the funds it owns, it will not change my criteria for choosing a casino. I will not run to register there.
legendary
Activity: 3192
Merit: 1198
Bons.io Telegram Casino

>my opinion is that legit casinos should publish the bankroll amount as I think a big bankroll will attract big and small players and a small bankroll will only attract small players if at all.

Bankroll should not be a measure of how a casino can become legit, reputation and how they treat the gambling community, are the measures, it should not be a battle of bankroll because if that's the case the playing field will not be equal, the big casinos will always have the edge, and there will be manipulation and besides casinos need to secure their platform from bad actors.


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>  I thought about adding a poll, but then I was afraid that many spammers will just vote and not comment and it might give us a wrong picture.
I think you should even if they do not comment so you'll get the numbers on who is against and who will agree, I always create a poll to know who agrees and who is not on my topic

legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
In my personal opinion, I don't think it is such a big matter whether casinos decide to make their bankroll public, to be honest. There are more important things which are of the concern of gamblers and bettors, like the reputation of the casino, in what jurisdiction it is established, the quality and quantity of games they have and also whether they have probably fair games or not.

Let us take for example the biggest brick and mortar casinos out there, in Las Vegas and in Southern Asia. Those casinos are only required to give information about their balances and profits to the government and regulators, for the sake of taxation, not more.

As long as a casino remains liquid and keeps it reputation with its gamblers (paying big jackpots without excuses) then I don't care to know how much money they have at hand.
Just my personal opinion, of course. Some could argue it could be constructive for small and new casinos to disclose their bankroll, for the sake of transparency with their new gamblers.
legendary
Activity: 2002
Merit: 1072
Leading Crypto Sports Betting & Casino Platform
Thank you bringing up this very important discussion.
I wouldn't say I care if online casinos publish their bankroll. If this would attract big players cannot be based on their publication of their bankroll. Other features are involved in attracting big players which are years in business, reputation, marketing strategies, reviews, UI/UX, payouts, customer support etc

Whati think would have captured the overall view of the community would be if you had created a poll. It would have been interesting to see their votes and them read their views.
When we say big players, it can mean that they are mostly playing for the profit, therefore a big bankroll is important for them and when a casino has a big bankroll, they can do other things that you said there easily like having a good marketing approach, design, etc...

As we can see, a huge bankroll is vital for a success of a casino. If you are a gambler, you have your own favourite casino and you should wish the best for them, so that if they grow bigger they can give you an incentive as a way of saying thanks as one of their supporters. With that being said, each of us should care and we should support this " Show a bankroll " idea for casinos, but I think I already saw a couple of casinos on the past who does this.
hero member
Activity: 2968
Merit: 670
www.Crypto.Games: Multiple coins, multiple games
Please refrain from personal attacks and insulting me or any other member as this is a serious issue and should be discussed accordingly.[/color]
Not a personal attack, but I wonder why you thought of writing this with that font colour because I don't find that being reader-friendly and I had to select the whole text to make it more readable and easy to the eyes.

Coming back to the topic, just like that member, I don't see a reason for them to do so, though it can attract high rollers towards a casino that publishes their bankroll, it can have negative consequences as well, the very first consequence of that would be the eyes of people that always looking to attack casinos and other platforms to steal money. Once they see how much money they have, their efforts will increase and they will try and do everything they can to get their hands on the funds.

Other than that, it can be a bad move for casinos that might be struggling at some point in their operations because they can't always have the same amount of money and if big casinos start doing this, smaller casinos might feel awkward sharing their bankroll in the public and if they don't do so, that might affect their reputation.
hero member
Activity: 2688
Merit: 625
Big or small bankrolls I think all of that doesn't really matter with casino's reputation being put in check. And could only create some kind of intimidation among casinos between those of small bankrolls and those of large amount of bankroll.

On the other hand, some dubious unsuspecting casino's (mostly new ones that are just emerging) could use their size of bankroll to cover for being able to potentially keep a good reputation by coming into the market with a heavy bankroll that may drive in large attraction just to end up scamming the unsuspecting users.

So this is what I think about making bankrolls public by casinos, it should be at the casino's discretion and not under any enforcement laws that generally demands of it in order to avoid the above.
There are really people who are really that too meticulous when it comes to these kind of small details on which it would really be something that not really that much of a concern. What matter most on here is that those casinos would really be able to pay up whenever someones do win up big on which this is something that the most important thing. This is why it would really be better that you should really be wary
with those possible redflags on which you could really be able to check on.Its impossible that you wont really be able to make yourself wary about those possible scams around.

If you are really that sensible when it comes into your actions then having those kind of research would really be definitely be able to help you out when it comes on verifying things
whether you are dealing with the legit stuff or not. You cant really be able to tell it directly but it would really be impossible that you wont
really be able to determine on what are those red flags and what are those normal operations on which those businesses would really be doing.
hero member
Activity: 728
Merit: 512
Big or small bankrolls I think all of that doesn't really matter with casino's reputation being put in check. And could only create some kind of intimidation among casinos between those of small bankrolls and those of large amount of bankroll.

On the other hand, some dubious unsuspecting casino's (mostly new ones that are just emerging) could use their size of bankroll to cover for being able to potentially keep a good reputation by coming into the market with a heavy bankroll that may drive in large attraction just to end up scamming the unsuspecting users.

So this is what I think about making bankrolls public by casinos, it should be at the casino's discretion and not under any enforcement laws that generally demands of it in order to avoid the above.
full member
Activity: 280
Merit: 219
Let love lead
As long as reputable casinos continue to pay huge amounts in a very fast amount of time by just doing their regular checks before releasing the withdraw no matter the amount of money requested this means they are very healthy in terms of financial stability and that is enough for most players.

However I agree that if they publish the bankroll this can further boost their earnings as most people that play there will use that as an argument to people wanting to join a casino and convince them,so that is a good move also and I don't see any danger in any reputable casino by doing so.
On the contrary, the services alone is enough conviction to any potential customer that the casino its able to handle its financial disbursements without hitches. Publishing its accounts publicly does not sit week with me because telling people how much you've at the end of a period has a way of putting the individual in harm's way. If you've so much, you might catch the attention of scammers or hacker who would want to possibly exploit a security error and lot find from the casinos.

Actually, display of funds catches the attention of good and bad people alone and from the way the casino sites are constructed,  they're set to make payments once you request withdrawals, an experienced black hat hacker can take advantage of that, especially if their is an insider who is willing to cooperate when bribed.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform

Can't force them to make it public but sure it's a good idea to ensure the public they have the funds. It's a matter of transparency but this will also expose them to people who will try to ruin their reputation to their bankroll alone. Can't say it should be imposed on all after all there is no regulatory board that will make them do it for the casinos in crypto.

Let's say the casino's bankroll is already dwindling and people know about it. They might not be able to emerge from his blow because when gamblers see it, they will avoid playing at this particular casino.
This is probably one way to attract players in their casinos, by being transparent and let the public know that they have established sufficient funds and that they are capable to pay if there are lucky winners who are able to hit jackpot prizes when they play. And this will encourage more players to play in their site knowing their games are fair and are not rigged.

However, when it comes to a point wherein that casino is no longer productive anymore, I guess if they still remain transparent to the public, that would discourage players play in their site and will force to find more huge and reputable casinos that can pay them easily whenever they hit big winnings from betting.
sr. member
Activity: 618
Merit: 253
Just.bet - Decentralized On-chain Casino
It's unnecessary to publish a casino's bankroll in public as long as they are registered legally in the country where it is based and operating. By following the said country's gambling law, I'm sure they are serious about the business, meaning they have a large bankroll.

Besides, it's non-sense if these casinos start a business, spending much money on advertisement but in the end, their bankroll is not enough. If they aren't able to accommodate a big user winning, that will ruin their reputation and they might face a lawsuit.

My statement can't applied though for crypto casinos. In that case, I'm just relying on how reputable they are.
sr. member
Activity: 2338
Merit: 338
Perhaps, it was not necessary to do that because gamblers will be encouraged to gamble on that particular platform after seeing their bankroll is huge but because it can be trusted. Although we consider capital as our criteria but what we look the most if is their reputation as this will give us confidence to have a fair gambling experience. Therefore, there is no need for the casino to show their bankroll to the public but what they need is to show that they can be trusted. Aside from that this is also for security reasons that they need to secure first rather than gaining the interest of the gamblers.
hero member
Activity: 2786
Merit: 646
As long as reputable casinos continue to pay huge amounts in a very fast amount of time by just doing their regular checks before releasing the withdraw no matter the amount of money requested this means they are very healthy in terms of financial stability and that is enough for most players.

However I agree that if they publish the bankroll this can further boost their earnings as most people that play there will use that as an argument to people wanting to join a casino and convince them,so that is a good move also and I don't see any danger in any reputable casino by doing so.
This what matter the most on which people should really be that having that consideration on taking up some risks on the time that they do make out some deposits specially on new platforms.
We've seen that most of those casinos that we do have today whether new or old, they dont really show up their bankroll to public and the reason is really just that obvious. We do really love
transparency but there are really things which arent supposed to be shared up. If they are capable on paying up those big wins then consider that they do have that huge bankroll
or capital.

Its impossible that they wont really be making those max bet limitation to avoid total wreck of their bankroll. Of course they will and having a gambling site business
is never been cheap and simple.
hero member
Activity: 1260
Merit: 503
Leading Crypto Sports Betting & Casino Platform
Casinos displaying their cash is brilliant. It exudes confidence, no? You know I like large, bold, and beautiful. A huge bankroll attracts whales and suggests a casino is serious. Every casino wants huge players, let's be honest.

To those who argue this isn't required, let me explain in plain language, no metaphors. Transparency builds trust. Trust attracts players. Players make money. It's basic business. The casino decides, but why not show your strength?

Technology ensures precision and reliability. Regular audits and blockchain technology can ensure transparency. Gambling reputation is everything. Show it off. And if not? It may be time to start over.

It is indeed good if the casino wants to show the total bankroll amount because this will be reference for gamblers confidence that when they win big there will not be lot of drama that will occur and result in no payment for the winnings.
But is this guarantee?
I still doubt that this can guarantee that there will be no fraud when gamblers win big, especially if they are new casinos that do not yet have high reputation and trust among many gamblers.

Trust is built when the casino can provide service and comfort to gamblers, besides that trust will greatly influence the performance of the gambling site.
When the gambling site does not carry out manipulation or things that are suspected of being related to fraudulent attempts to harm gamblers, then over time the gambling site will have good reputation.
I admit this will be small first step to start building trust and reputation, everything will be much better if several other factors can also be do.
legendary
Activity: 3122
Merit: 1171
Well, it would be fair if casinos could prove they have enough funds to pay their max possible wins in their various games. That information should be public, at least in crypto it's simple to show the hot or cold wallet address and make this info available for all the players.

But the thing is that most of us play with lower stakes and we are not even near to max payouts. So this question is more for high rollers, people who play with big bets and chase high payouts, if I were a high roller I would choose a casino that can give some guarantees when it comes to their bankroll and max weekly/monthly withdrawals. Many casinos have pretty low weekly/monthly withdrawal limits, probably due to their low bankroll.

legendary
Activity: 2646
Merit: 1090
Leading Crypto Sports Betting & Casino Platform
I will say that there is no need to casino to show the public what they have in their bankroll, because that is not what a gambler is after but to gamble and win big. Bankroll can be used to deceive gamblers, and this can be done by borrowing money from whoever, and showcase that money as theirs. Who will be able to know that the funds is not for the casino. I think that the casino reputation is better than the casino showing their bankroll.

One thing that makes me not to buy the idea of showing bankroll is that scammers can use this pattern to scam gamblers of their funds after a short time by not allowing winners to withdraw or even come up with different excuses to make sure that people continue gambling, whereas the casino is planning to go on exit, and nobody will sense it is same because you are seeing their bankroll. It is also risky as the casino will be vulnerable to attack

Maybe the purpose of publishing casino money to the public is so that people believe that it is a casino that has a good financial level so that gamblers do not hesitate or do not feel worried if they manage to get a big win, because usually there are always casinos that in the end are unable to pay some gamblers who manage to get a big win that makes them feel cheated, on the other hand I quite agree with this idea even though basically publishing casino finances cannot fully give confidence to gamblers that they will really be paid when they get a big win.

On the other hand yes I quite agree with your assumption here that the idea of publishing casino finances can also be done by some casinos that actually have bad goals such as deceiving gamblers because they can show their finances which are actually not casino money but other parties' money whose purpose is only to lure and attract the trust of gamblers. Another thing is that if casinos really want to increase the trust and reputation of the company then in my opinion they should improve services to all their customers such as quickly solving problems and also always paying when a gambler manages to get a win, because obviously something that is only seen is different from something that has been felt, such as publishing casino finances is different from improving services for customers, because everyone prefers certainty.
hero member
Activity: 1400
Merit: 650
Always Act Smart and Play Safe With Your Funds
I can go filter out any wallet address and displayed the balance in and pose to be mine while not but people around might be thinking that this man or so so person is very wealthy but doesn't know that it's only a filtered account or a watch account.
In essence, casinos can displays their bankroll and yet do not have up to that amount they are display over there.

Meaning it's very easy to deceive their players without knowing that such casino doesn't have that exact amount in their bankroll and secondly, displaying balance will attract rich people as well attracting bad people to keep launching an attack towards this casinos. For example, just like some centralized exchange where they kept having an attack is a result of displaying their balance.
sr. member
Activity: 1844
Merit: 254
Sugars.zone | DatingFi - Earn for Posting
They might flash a giant number as their "bankroll," but that's like showing a magician's empty hat – the real trick might be hidden somewhere else. True transparency goes beyond a fancy number. We're talking about pulling back the curtain, showing how things really work.

Just because a casino boasts a big bankroll doesn't mean they're legit. Think of it like online reviews – you gotta look beyond the surface. Real trust comes from seeing them walk the walk, not just talk the talk.

The real test? How a casino handles big wins. Do winners get their money fast, with no funny business or delays? Remember, every casino giant started small. But their reputation isn't about where they began, it's about how they treat their customers, especially the lucky ones. A casino's true colors show in how they handle payouts, not how big and flashy they are.
hero member
Activity: 1204
Merit: 555
Leading Crypto Sports Betting & Casino Platform
Casinos displaying their cash is brilliant. It exudes confidence, no? You know I like large, bold, and beautiful. A huge bankroll attracts whales and suggests a casino is serious. Every casino wants huge players, let's be honest.

To those who argue this isn't required, let me explain in plain language, no metaphors. Transparency builds trust. Trust attracts players. Players make money. It's basic business. The casino decides, but why not show your strength?

Technology ensures precision and reliability. Regular audits and blockchain technology can ensure transparency. Gambling reputation is everything. Show it off. And if not? It may be time to start over.
hero member
Activity: 1274
Merit: 585
Leading Crypto Sports Betting & Casino Platform
not sure if this has been answered other people before but in my opinion it is not necessary because we as gamblers need a reputation that is recognized by many customers and when a casino has a good reputation they will always have lots of rich or lower middle class customers and that meaning the casino has enough bankroll to pay gamblers who use large budgets.
maybe some casinos or most casinos don't really publicize the bankroll they have because there is a risk in the long term such as hackers who will target the casino's bankroll.
I really understand what you mean, maybe it could be a quick way to give trust and a good reputation to the casino by publishing their bankroll amount, but there is a safer way than having to publish the bankroll funds, namely by promoting or advertising the casino through the media trusted and collaborates with large companies or well-known platforms to give confidence that the casino has a large budget.

for example, a casino on this forum has been running promotions or advertisements for several years and pays out large amounts on time and it can be seen that the casino has a large bankroll without having to publish the amount.
hero member
Activity: 2814
Merit: 571
Leading Crypto Sports Betting & Casino Platform


Let's start a discussion and delve into the pros and cons of this proposal. Your insights and opinions are greatly appreciated!

I look forward to hearing your thoughts.
This is an online gambling platforms where attacks are evident if there are leaks on sensitive information like this and how they implement their security, I don't think any casinos even the big one will let its assets or bankroll exposed, they can only do this on agencies that monitor their compliancy.

There are other ways to prove how big the casino is, like their marketing budget, huge payouts and they can sponsors big events, not to the point that will lead to targeting sensitive information like their bankroll.

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PS Please refrain from personal attacks and insulting me or any other member as this is a serious issue and should be discussed accordingly.
This is a very good discussion there's nothing in your post that will make members attack you, or make it personal.
legendary
Activity: 1904
Merit: 1011
All Games incl Racer and Lottery game are Closed
Let's start a discussion and delve into the pros and cons of this proposal. Your insights and opinions are greatly appreciated!

This kind of bankroll proof is always a request since before to the casino way back when online casino is still new since they often come and go when someone win big to avoid paying big time. But right now most of the casino has a license and backed by private company that fund their bankroll.

I personally like the proof of bankroll but I’m not sure if they will accept this proposal because casino operators usually doesn’t want to disclose an information like this if they are already paying a lot of their whale players withdrawal request.


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Please refrain from personal attacks and insulting me or any other member as this is a serious issue and should be discussed accordingly.

Using blue color is not good in the eyes to read. Please use the regular black text. Not an attack.  Cheesy

first of all thank you for your comment to this interesting discussion!

regarding Blue text please understand that this forum gives users many text format options and I use it. I can change the color to green but then users might say they don't like green  Wink

so if you don't like Blue I will change to Green. also not meant as an attack or offense  Cheesy

the color problem should not be a problem but as I don't want to go off topic I might open another thread with a poll with color usage or  not.


thanks again and hope to get more interesting views on or main Subject





sr. member
Activity: 294
Merit: 267
Baba God Noni
I will say that there is no need to casino to show the public what they have in their bankroll, because that is not what a gambler is after but to gamble and win big. Bankroll can be used to deceive gamblers, and this can be done by borrowing money from whoever, and showcase that money as theirs. Who will be able to know that the funds is not for the casino. I think that the casino reputation is better than the casino showing their bankroll.

One thing that makes me not to buy the idea of showing bankroll is that scammers can use this pattern to scam gamblers of their funds after a short time by not allowing winners to withdraw or even come up with different excuses to make sure that people continue gambling, whereas the casino is planning to go on exit, and nobody will sense it is same because you are seeing their bankroll. It is also risky as the casino will be vulnerable to attack
hero member
Activity: 2870
Merit: 564
I don't think casinos will do that, it will become a battle of bankroll the higher the bankroll the chances that the gamblers will pick them to play and some casinos will try to manipulate their bankroll to inflate it to make it appear that they are bigger.

The gambling platform needs to protect itself and it will expose itself if its flow of cash is available online, there are other ways to know if the casino is big, and it is based on how it markets its platform and how transparent and reputable they are, big casinos will not scam players for a few thousands.
hero member
Activity: 1428
Merit: 836
Top Crypto Casino
because whenever I see a casino site, it must be a site that has a lot money in there, especially if they have many advertisement.
The questions is how much is this "a lot money". Plus not all casinos have ads, while some have smaller and other have huge budget. No one knows to be exact.

Those info are confidential/private because it can be manipulated by other casinos by public perception comparing that X casinos is better because X casino have this and that. Also, even it is shared publicly if its not audited by third party to proved that those numbers are correct, it's useless. Security reason because it can attract malicious actors by any means.
hero member
Activity: 1246
Merit: 560
Bitcoin makes the world go 🔃
Let's start a discussion and delve into the pros and cons of this proposal. Your insights and opinions are greatly appreciated!

This kind of bankroll proof is always a request since before to the casino way back when online casino is still new since they often come and go when someone win big to avoid paying big time. But right now most of the casino has a license and backed by private company that fund their bankroll.

I personally like the proof of bankroll but I’m not sure if they will accept this proposal because casino operators usually doesn’t want to disclose an information like this if they are already paying a lot of their whale players withdrawal request.


Quote
Please refrain from personal attacks and insulting me or any other member as this is a serious issue and should be discussed accordingly.

Using blue color is not good in the eyes to read. Please use the regular black text. Not an attack.  Cheesy
legendary
Activity: 1638
Merit: 1156
They don't want to report their bankroll in order to prevent from paying high tax, most businessmen will try to find a way to pay tax as low as possible.

Since there's no company, entity and a lot gamblers force a casino to publish their bankroll to public, the casino won't need to publish their bankroll.

But i don't think all casinos should do that for security and privacy reasons.
I'm not sure if security and privacy reasons are matters because whenever I see a casino site, it must be a site that has a lot money in there, especially if they have many advertisement.
legendary
Activity: 1904
Merit: 1011
All Games incl Racer and Lottery game are Closed

Whati think would have captured the overall view of the community would be if you had created a poll. It would have been interesting to see their votes and them read their views.


Thanks for the comment. I thought about adding a poll, but then I was afraid that many spammers will just vote and not comment.
I don't think I can add a poll now, even if I want to, because I didn't find the option.

I would like to thank all the members who gave their opinion in such a great and productive way. Interesting that there are so many different pros and cons and really gives more food for thought if there is a fair way to solve this.

I hope we can agree that today's players prefer to play only Provably Fair games, and will check casinos to see if they offer Provably Fair games.

Casinos also have rules for Minimum and Maximum wagers of each game. Means that their Maximum wager should be adjusted to their Bank Roll.

The following comments jumped out at me, not saying it is the holy grail, but IMHO there should be a holy grail for the bank roll and that players cannot be cheated out of their deposits. I agree that the license providers should play a bigger role in validating the bank roll of the casino.

On one hand it is their money and if they are privately owned it is nobody’s business. However, gamblers should be entitled to know their deposits are accounted for and that there is money to be won. Not to mention Bitcoin makes it possible to do easily, so it makes a lot of sense for casinos to prove a portion of their reserves on the blockchain.

I can see arguments for both sides and I feel like OgNasty said it pretty good.

Players should know that their money is safe and if they win a casino has the funds to pay them out. I'm not sure casinos would agree to disclose their funds though, they might be open to disclosing to a private company or to their licensing provider and they get a seal showing they have proved they have x amount of funds.

That would certainly give a boost to players confidence but their sheets has to be audited by a reliable third party otherwise the concept is fragile and may even create a false sense of security.

newbie
Activity: 70
Merit: 0
I agree with most players that disclosing an online casinos bankroll can get positive impact to players, especially those who are seeking transparency, trust, and high roller. But still, there are pros and cons. For example, online casinos may subject to manipulation or unfair practices with the transparency of their funds. Disclosing their funds can also lead to potential cyber threats, making them a target of hackers. And lastly, the fluctuations of online casino bankroll can affect the players that can lead to speculations and concerns about their stability.
hero member
Activity: 2926
Merit: 570
Leading Crypto Sports Betting & Casino Platform
This is like asking exchanges for their proof of reserve. Well, we've got different thoughts about this but for me, once a casino is reputable I don't have to ask anything from them. They've already proven themselves to be trustworthy and have that huge bankroll for a very long time and you can see them spend a lot of money from sponsoring clubs and celebrities and I know that it is part of the marketing but the money that they've been producing by having those collaborations are more than enough the slice of the pie to prove that they have money.

Anyway, if a casino is being asked to do that, they're free to comply or not as there are no laws in the online world unless their local government tries to ask them for proof of that reserve for their operations. I think this is more applicable if the casino is starting out to show that they can sustain the operations and if ever some players win big against them. With that, they're attracting more users to come to them by showing that even they're just new, they've already prepared their bankroll and anyone can potentially win big and they'd give that profit to the lucky winners.
legendary
Activity: 2352
Merit: 1121
☢️ alegotardo™️
I'm aware that there are different perspectives on this issue, and I'm eager to hear what the community thinks. Do you think that online casinos should disclose their bankrolls? Why or why not? And if so, what measures could be implemented to ensure accuracy and reliability in reporting?

Much more than on exchanges, I believe that this balance can be highly manipulable.
Well, let's disregard the resources that are possibly in a cold-wallet that could be editable.
The "on-chain" feature will vary greatly from one day to the next, depending on the number of players, the promotions and bonuses offered and also the luck of the day between the house and its users.
At various times the "balance" will not be consistent, as the sites mostly operate with fictitious money (like any financial entity) and only count what actually leaves or enters their wallets.

What I mean is... Let's say a site has 1kk in balance and today it lost 5kk to some lucky players, would it be bankrupt? Obviously not, as this balance could be covered by profits from the following days, as withdrawals are also not immediate and lucky players may continue playing and even lose the amount they previously won.
hero member
Activity: 1428
Merit: 836
Top Crypto Casino
I knew someone (social media influencer) who own an online casino (local based) that always shows his casino and also its bankroll, the total deposit, withdrawals, and the total net profit on X month. It's not so huge casinos like Stake but it shows thousands of  $ on monthly deposits and withdrawals.

But i don't think all casinos should do that for security and privacy reasons.
legendary
Activity: 2366
Merit: 1403
Leading Crypto Sports Betting & Casino Platform
So long as a casino has clear rules on how much you can win and actually doesn't let you bet more than reasonably expecting to hit above the multiplier then I think they are good. No need to publish the bankroll if they can afford to pay our.

The issue some have faced is the casino allowing them to bet an amount that lead them to win above the max win, which is an issue on the side of the casino's design in my view.
hero member
Activity: 2674
Merit: 865
yesssir! 🫡
That would certainly give a boost to players confidence but their sheets has to be audited by a reliable third party otherwise the concept is fragile and may even create a false sense of security.

For starters, we would need to know their liabilities because this could put a dent on their cash flows/balance depending on how big it is. As others have mentioned, they could cheat their way on this by loaning as well.
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Transparency is cool but I don't think it should be mandated. For start-up gambling businesses, showing their bankroll will probably boost their number of clients, but for the oldies gambling sites like Stake.com and Sportsbet.io, I don't think they will need this anymore. They are both popular in the business and I have not seen any problem that can be considered to make them release their bankroll to be transparent if they can pay or not.
High-rollers will be the ones who can identify this and there's not been a case of a high-roller saying they are not paid by the gambling sites that I mentioned.

If I start a gambling site, I'd do this. Publish my bankroll. It's good for both ends. Let the gamblers know that you have the money and maybe that will be the spark of a good number of players in your business.
hero member
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Leading Crypto Sports Betting & Casino Platform
P.
-Transparency. Showing an address with their bankroll and signing a message with it shows people the business is real and can be trusted. It of course can be faked because you can ask someone rich to vouch for you, while your real address is much smaller, but it's a step in the right direction and if any analysts prove that it was manipulated your company will take a PR hit.
It shows the business has the money, but it doesn't totally ensure the platform is trustful, as a replenished wallet can be used just as a bait to encourage gamblers into believing the service is legit, although their real intentions might be to scam gamblers at some point. In my opinion, to publish a bankroll doesn't mean anything. Scammers can have wallets full of money and still scam people. It takes more than a proof of funds to consolidate a business as a genuine and reputable one.

At same time, big platforms which move huge money in a daily basis might not feel comfortable sharing their numbers publicly for different reasons, which vary from triggering hackers attention to triggering criticisms from internet users, although they are still much more reputable than some random casinos publishing their bankroll sizes on the internet.
hero member
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Goodnight, ohh Leo!!! 🦅
Do you think that online casinos should disclose their bankrolls? Why or why not? And if so, what measures could be implemented to ensure accuracy and reliability in reporting?
good question but I had to put out the blue ink as there was already too much of it on your post...

The casinos are to decide whether on not they'd wanna try convincing people with that avenue... It could be a way of improving on their privacy  if they're not posting it...why would they choose to listen to anyone? To me, 'em bankrolls and payment receipts looks really fake when I get on a site and the first thing that gets my attention is a bar of gliding flyout, showing these receipts.

Sandra 🧑‍🦰
hero member
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Leading Crypto Sports Betting and Casino Platform
I am starting this thread and question as in a recent discussion a member answered me to my posting:

>my opinion is that legit casinos should publish the bankroll amount as I think a big bankroll will attract big and small players and a small bankroll will only attract small players if at all.

His answer:
I don't think this is really that necessary though I do agree with you that this move will definitely attract really big players to the casino if their bankroll is large enough, and would also raise the casino's reputation and customer's trust for them to the roof tops, but still, making this information public is still in the casino's descretion, it's up to them to decide to do it


IMHO By making the bankroll publicly available, online casinos would demonstrate their commitment to accountability and fair play.

I'm aware that there are different perspectives on this issue, and I'm eager to hear what the community thinks. Do you think that online casinos should disclose their bankrolls? Why or why not? And if so, what measures could be implemented to ensure accuracy and reliability in reporting?

Let's start a discussion and delve into the pros and cons of this proposal. Your insights and opinions are greatly appreciated!

I look forward to hearing your thoughts.

PS
Please refrain from personal attacks and insulting me or any other member as this is a serious issue and should be discussed accordingly.

The confidence of a person on a casino doesn't lie on how much their bankroll is. It lies solely on whether they are fun to play in, are they accommodating, and/or are they reputable in the industry. once a casino reaches these three criterias it's always a surefire shot that they'd be successful already, no more need for them to be liquid or whatever.

Besides, a successful casino wouldn't have to prove to their players that they can pay them, after all the intent here is to show the players what they stand to win, not the other way around. By showing the players that they have the bankroll to support their winnings it may even come across as them compensating for a massive flaw, which may deter users from gambling since why in the hell are you telling your people that you can pay them, it's like a rapper flaunting benjamins on a music video.

There's no need for casinos to flaunt or to inspire confidence to their users by means of showing them they are liquid. It may even be a detriment to the casino in many instances, and it doesn't really inspire that much confidence amongst the users as much as first-hand experiences do.
legendary
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They should, but what they should do and what they will do are two different things. IMO all businesses should be transparent but we were in a traditional fiat system for so long that we're used to them hiding their assets behind bank secrecy acts and all that bullshit. What is there to protect the individual also protects the government, funds, asset managers and giants like google.
We could let them know that by doing so they will get more clients and become more trusted? If it became more competitive they'd have to do it to gain an edge over other casinos.
legendary
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I can see arguments for both sides and I feel like OgNasty said it pretty good.

On one hand it is their money and if they are privately owned it is nobody’s business. However, gamblers should be entitled to know their deposits are accounted for and that there is money to be won. Not to mention Bitcoin makes it possible to do easily, so it makes a lot of sense for casinos to prove a portion of their reserves on the blockchain.

Players should know that their money is safe and if they win a casino has the funds to pay them out. I'm not sure casinos would agree to disclose their funds though, they might be open to disclosing to a private company or to their licensing provider and they get a seal showing they have proved they have x amount of funds.


sr. member
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Letting the bankroll for the public will create security concerns because if it's big amount then the hackers might target more attacks on specific casinos than they usually do and this may result in breach as well so let it be the casino's choice whether the bankroll is known for public or only for themselves.

Another possibility can be making it visible only for top tier players that can satisfy what you are asking and also mitigate the security concerns.
This is also my concern, transparency is not bad but if you are in crypto better to hide important details about your platform so you can avoid hackers from getting interested in your business, I don’t think big crypto casinos will ever do this, exposing bankrolls will always have a pros and cons, and casinos chooses the safest side as always.
sr. member
Activity: 308
Merit: 340
Jolly? I think I've heard that name before. hmm

I look forward to hearing your thoughts.

Why do you add color to your posts? not at all fun to read

I think there is no need to publish their bankroll to the public. Do you know of any casinos that publish their bankroll? If yes, what is the percentage and how does it impact the trustworthiness of their casino? To be honest, I don't know if any casinos publish their bankrolls because that would be dangerous and possibly a target for hackers.

Additionally, you also don't seem to have the capacity to force casinos to publish or tell you how much bankroll they have, unless you have some authority in the area, such as a casino auditor, gaming provider or licensing provider.
legendary
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As long as reputable casinos continue to pay huge amounts in a very fast amount of time by just doing their regular checks before releasing the withdraw no matter the amount of money requested this means they are very healthy in terms of financial stability and that is enough for most players.

However I agree that if they publish the bankroll this can further boost their earnings as most people that play there will use that as an argument to people wanting to join a casino and convince them,so that is a good move also and I don't see any danger in any reputable casino by doing so.

Money has quite a sensitive nature and I think casinos will think and consider everything from various sides before they decide to publish all the company's money to the public eye, and I'm sure it's not easy. On the other hand, it actually doesn't need to be that complicated to increase the trust of the public or most gamblers and the popularity of the casino, because there are still other ways as you said here that by providing an above-average level of service such as responding to gamblers' complaints quickly or providing something according to what is needed and also by always being able to pay gamblers who manage to get any amount of winnings quickly.

I think this alone is good enough to increase the popularity of the casino, because usually when someone gets a very good and fast service then they will not hesitate to promote it to others especially fellow gamblers they know, and this is also what I do when I get good service somewhere in any case and not in the world of gambling alone, but overall yes all decisions are on the casino itself and if it turns out they don't do this then maybe this is not a good way or suggestion to do according to them.
legendary
Activity: 2604
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You're asking about pros and cons, so here's mine:

P.
-Transparency. Showing an address with their bankroll and signing a message with it shows people the business is real and can be trusted. It of course can be faked because you can ask someone rich to vouch for you, while your real address is much smaller, but it's a step in the right direction and if any analysts prove that it was manipulated your company will take a PR hit.

C.
-vulnerability. By making an address public you're opening yourself to attacks, especially when your business is small. The attackers will know how much they have to bet to potentially bankrupt you, but it's up to you to limit their max bet in such case. Also, by analyzing the outflows they can find out what your exchange is, which can lead to some dangerous situations if an exchange goes down and somebody publishes that it could affect you.
legendary
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Of course the use of bankroll on a casino page will definitely attract gamblers into venturing the games and gambling activities they have to offer. The fancier the bank roll the more customers are attracted to them in some cases. However aside the bank roll stuff, a good reputation has a strong role to play in how incoming gamblers view a casino. Even if the casino uses a very fancy bankroll to draw gamblers attention, the whole scheme will eventually fade off if they are not able to perform properly is a similar manner the information the bank roll is trying to pass and this could eventually make them lose customers.
Displaying their bankroll is not a very necessary thing as some persons are not moved by them especially because these day some casinos fake bankrolls just to get a bulk audience.

In the early days of crypto gambling, I understood that we used to ask the bankroll of the casino just to know if the casino has the capability to pay winnings or not. But these days, I don't think it is necessary as there are measures that you can check if the casino is capable of paying their players or not.

And as you mentioned, about faking bankrolls. That is true, can we really get the actual numbers in case casinos make their bankrolls public? I don't think so. Instead, we can look for other aspects that can manifest that the casino is doing good in terms of their finances, such as -
> no withdrawal complaints
> fast withdrawal or no delayed payments
> can afford to release big winnings in a timely manner
> can run high stake contests
> can afford to pay popular celebrities or personalities as Ambassadors of their site
hero member
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Letting the bankroll for the public will create security concerns because if it's big amount then the hackers might target more attacks on specific casinos than they usually do and this may result in breach as well so let it be the casino's choice whether the bankroll is known for public or only for themselves.

Another possibility can be making it visible only for top tier players that can satisfy what you are asking and also mitigate the security concerns.
sr. member
Activity: 308
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Math + Code = Blockchain 😁
Of course the use of bankroll on a casino page will definitely attract gamblers into venturing the games and gambling activities they have to offer. The fancier the bank roll the more customers are attracted to them in some cases. However aside the bank roll stuff, a good reputation has a strong role to play in how incoming gamblers view a casino. Even if the casino uses a very fancy bankroll to draw gamblers attention, the whole scheme will eventually fade off if they are not able to perform properly is a similar manner the information the bank roll is trying to pass and this could eventually make them lose customers.
Displaying their bankroll is not a very necessary thing as some persons are not moved by them especially because these day some casinos fake bankrolls just to get a bulk audience.
legendary
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This will really help; at least players will know what they are going for. For example, VVIP players who play with a large amount of money should also be able to know if the casino can pay off a large amount of winnings if they win. 
But do you really think that any casino will be truthful enough to publish a low bankroll not having enough money to pay out gamblers if they win big? Doing so may directly affect their business, scare customers away.

Showing their bankroll shouldn't be the only thing here; at least there should be a level of transparency to verify if the funds made public are truly there or if they are from somewhere else.
The process of verification can also be manipulated.

All of the big casinos we have today all started small before they got to where they are now.
Not all casinos started small, some casinos started big with a lot of funding, and have been able to maintain the standard.
hero member
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I definitely agree as this associates with the genuinity of a gambling website.

The problem with some of the gambling platforms is that they tend to claim that they will offer withdrawals for its users and even reward prizes but when a player wins a huge amount of money, they suddenly block their withdrawals out of no reason. Additionally, there are other gambling platforms who claim that they guarantee withdrawals but at the end, they tend to deny such winnings due to technicalities that they artificially created.

By posting their bankrolls, not only do its users see the current state of the liquidity of cash but also this gives them a guarantee that the company can supply withdrawals from what they promised to. This not only boosts their reputation but this can give them an impression that they are willing to supply its users with rewards.

In conclusion, I do think that online casinos SHOULD publish their payrolls to its users.
hero member
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Livecasino.io
Thank you bringing up this very important discussion.
I wouldn't say I care if online casinos publish their bankroll. If this would attract big players cannot be based on their publication of their bankroll. Other features are involved in attracting big players which are years in business, reputation, marketing strategies, reviews, UI/UX, payouts, customer support etc

Whati think would have captured the overall view of the community would be if you had created a poll. It would have been interesting to see their votes and them read their views.
legendary
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Usually for new-casino, really need to that because is to make sure they have money to be paid not based the deposit they're collecting. However, for a big online casino you can search by your self from the transaction you are made from the casino. Usually they will transfer your money using the hot-wallet and you can see how much money they have on different chain as well.
legendary
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They don't have to publish it, after all, it's the same as baiting hackers to steal it, after all, there are many cases where some casino sites experience hacking and lose some of their money, even though in fact I never believe in hacking, it's the work of hackers, this casino is the most promising business for anyone who has Money can of course build this site but I'm sure the costs of building an online casino are definitely less than building a large offline casino, an online casino can be run by just a few people.

So it's possible that they won't be able to display their money to the public, they don't have enough money to show, so running this business without having to have a lot of money can already be run because casinos or gambling sites are designed to print money for their owners, so don't be surprised if the bookie always win because they have set it up to win and get money from all their users, just take a look out there there are no sites that honestly and openly publish their money at the start, I don't think there will be any because they run this business don't have to have big money in fact they can make a lot of money from their online casinos.  Grin
legendary
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Excel is fun
Some casinos used to do that. They do it for transparency purposes to let gamblers know that they have the money to back up with their operations. It's a good thing they did that before, as there were a lot of scam casino operations back then that run once they got a huge payday or when they can no longer pay their customers back. In today's landscape, I see no need for casinos to do this, though it will be appreciated by the community as it's an effort they're taking to let their playerbase know that they really have the budget to pay out the winnings of their gamblers.
legendary
Activity: 2198
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hmph..
As far as I remember, few years ago is there a casino that announced total players bankrolls every day. This is quite interesting, but I don't understand whether it is only in one country or in all countries. For me, that doesn't matter, because as long as they are a legitimate company, even without bankroll publication we will believe that they won't scam us. something that made me interesting on this, we can see the total of the losses or wins obtained by players, I even saw one day the casino experienced a minus, because total withdrawal is higher than deposit. I don't have a screenshot about this, since it happens few years ago.
donator
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On one hand it is their money and if they are privately owned it is nobody’s business. However, gamblers should be entitled to know their deposits are accounted for and that there is money to be won. Not to mention Bitcoin makes it possible to do easily, so it makes a lot of sense for casinos to prove a portion of their reserves on the blockchain.
hero member
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It will indeed attract high rollers to that casino but the problem arises when scam casinos start to adopt that strategy.

A scam casino can easily look for loans (or anywhere they can acquire money) and display it as their bankroll which will eventually boost the confidence of high rollers to use it and make huge deposits knowing that they are capable of handling a high payment (in the case of them winning), but instead of them paying they'll lock your account and run away because they have successfully achieved their goal.




Sorry, a quick question:

 I believe that small casinos always have in their ToS the amount a user can withdraw within some timeframe. Can't high rollers use that to judge if that casino will be able to handle them or not?
legendary
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I think there are only a small number of casinos with a big bankrolls, and that's why most casinos have a withdrawal limit each day/week/month, I don't think that's a fair play because if the game allows you to win 100k, then the casino should allow you to withdraw that amount.

So, i agree with OP, casinos should be transparent with the users and have a public bankroll, it should even be a requisite to get a gambling license. That way users will know if they can trust on the site or not.
hero member
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Of what use it is to have high fake bankroll and still end up scamming players, off course we know how risky it is with most of this services when it comes to prove of funds, this can be faked at anytime and we shouldn't give that a thought when we making choice on which casino to trust.
They can display fake volume, just as exchanges display fake volumes just to attract traders and build a fake trust or believe in them, the best approach is for the casino to have long track records of positive operations and being among the leading casinos in the industry.
legendary
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As long as reputable casinos continue to pay huge amounts in a very fast amount of time by just doing their regular checks before releasing the withdraw no matter the amount of money requested this means they are very healthy in terms of financial stability and that is enough for most players.

However I agree that if they publish the bankroll this can further boost their earnings as most people that play there will use that as an argument to people wanting to join a casino and convince them,so that is a good move also and I don't see any danger in any reputable casino by doing so.
hero member
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This will really help; at least players will know what they are going for. For example, VVIP players who play with a large amount of money should also be able to know if the casino can pay off a large amount of winnings if they win. 
 
Showing their bankroll shouldn't be the only thing here; at least there should be a level of transparency to verify if the funds made public are truly there or if they are from somewhere else. Another thing here is that having a large bankroll doesn't guarantee that a casino is not going to scam its customers. 
 
The level of trust that is to be derived from casinos is not determined by the bankroll they made public or what they promised their customers, but rather by how constant and fast they have been able to pay out large winnings from their casino to their customers without any form of complaint or sheddy behaviour to deny the withdrawal. All of the big casinos we have today all started small before they got to where they are now.
hero member
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https://www.betcoin.ag

Can't force them to make it public but sure it's a good idea to ensure the public they have the funds. It's a matter of transparency but this will also expose them to people who will try to ruin their reputation to their bankroll alone. Can't say it should be imposed on all after all there is no regulatory board that will make them do it for the casinos in crypto.

Let's say the casino's bankroll is already dwindling and people know about it. They might not be able to emerge from his blow because when gamblers see it, they will avoid playing at this particular casino.
legendary
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casinos could borrow bitcoin and altcoins from their friends and put them in the casino as if they were theirs and people would think that the casino has a very large bankroll and no one could say or prove that that money doesn't all belong to the casino owner. Now in my opinion the great advantage of casinos showing how much they have in their bankroll is that scammers who create new casinos with the intention of running the casino for a short time and taking all the money that people deposit in the casino and running away will have a lot of difficulty in its scam scheme, because the first thing that people will check is the amount of bankroll that the casino owner has and when they see that the casino owner has a very low bankroll then people will realize that they are facing a casino scam

which aims to run the casino for a short period of time just to collect people's deposits and then disappear with all the people's money. Also when a new casino appears to be reliable because it has been running for a while without problems, but has a small bankroll, rich players will avoid using that casino until the casino owner has a very large bankroll. In my opinion, this idea of casinos showing how much bankroll they have, is an excellent idea and would help people a lot when choosing which casinos they should use and would create a casino reputation system, in which the casino with the biggest bankroll would be on the top
legendary
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All Games incl Racer and Lottery game are Closed
I am starting this thread and question as in a recent discussion a member answered me to my posting:

>my opinion is that legit casinos should publish the bankroll amount as I think a big bankroll will attract big and small players and a small bankroll will only attract small players if at all.

His answer:
I don't think this is really that necessary though I do agree with you that this move will definitely attract really big players to the casino if their bankroll is large enough, and would also raise the casino's reputation and customer's trust for them to the roof tops, but still, making this information public is still in the casino's descretion, it's up to them to decide to do it


IMHO By making the bankroll publicly available, online casinos would demonstrate their commitment to accountability and fair play.

I'm aware that there are different perspectives on this issue, and I'm eager to hear what the community thinks. Do you think that online casinos should disclose their bankrolls? Why or why not? And if so, what measures could be implemented to ensure accuracy and reliability in reporting?

Let's start a discussion and delve into the pros and cons of this proposal. Your insights and opinions are greatly appreciated!

I look forward to hearing your thoughts.

PS
Please refrain from personal attacks and insulting me or any other member as this is a serious issue and should be discussed accordingly.
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