✨ Shuffle.com | The next generation of crypto casinos | Sports, Casino + token - page 43.

BlackBoss_

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Quote from: Little Mouse on February 15, 2024, 05:21:12 AM

The main goal of all the casino is entertain you and making money through the entertainment. If someone is arbitrage betting, he is winner all the time. That's why it's also called sure bet. They are beating the bookies with arbitrage betting. Most of the casinos don't allow arbitrage betting. In some cases, casino only limit the gambler so they can't anymore take the chance as with small amount of betting limit, they would make a very little amount which wouldn't worth the time.

Your first post makes me still confusing as I thought it is still risky with arbitrage betting. By betting with big money, it is already risky.

Your second post clears its doubt a little bit, as you call it is sure win bet. As it is a sure win bet type, I see why sportsbooks are against this betting type.

However, risk is still there, bet big, repeat it many times to have big net win and eventually can fail to withdraw. I see the risk with arbitrage betting is big but maybe arbitrate gambler think different.

South Park

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Quote from: hopenotlate on February 14, 2024, 12:18:16 PM

Quote from: dothebeats on February 14, 2024, 09:06:05 AM

A quick Google search about arbitrage betting will land you into a couple of results stating that casinos hate it because of the fact that it removes the risk on the player and the casinos have everything to lose. Even a 1% gain from a single arbitrage bet will eventually stack up, and casinos don't like losing money. There are certain ways how the casinos are able to detect whether a bet is arbitrage or not, and the user here even admits that it is. Casinos are in the business of making money, so why would they allow such strategy to happen if they lose 100% of the time?

I always fail to understand why casinoes are against this practice considering the arbitrage happens on two different sportsbooks ( of course it is impossible to do it on the same one) : so sportsbook A take a side of the bet and sportsbook B takes the other side.
Imo they shouldn't know what their players do outside their business area and furthermore they shouldn't even care about it, unless they team up each other for some other reasons I ignore.
I guess I am missing something about this anti arbitrage policy.

This is about the money, arbitraging can also be performed when you trade any asset, like bitcoin, but exchanges do not care as if you were to win all the time, you are only taking money away from other traders and generating income for them with each one of your trades thanks to the commissions they charge you, but when it comes to gambling you are playing against the casino, and even if you can distribute your bets among 2 or more casinos, they still lose money after each one of the wins you have with them at no risk for yourself, so it is obvious casinos are not going to like this one bit.

Wiwo

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Quote from: Fivestar4everMVP on February 15, 2024, 06:54:24 AM

Quote from: Wind_FURY on February 15, 2024, 06:40:55 AM

Quote from: Little Mouse on February 15, 2024, 05:21:12 AM

Quote from: hopenotlate on February 15, 2024, 05:10:35 AM

a bookie should be happy someone stakes big amount on their site and does it frequently; isn't it their main goal to bring traffic and volume?

The main goal of all the casino is entertain you and making money through the entertainment. If someone is arbitrage betting, he is winner all the time. That's why it's also called sure bet. They are beating the bookies with arbitrage betting. Most of the casinos don't allow arbitrage betting. In some cases, casino only limit the gambler so they can't anymore take the chance as with small amount of betting limit, they would make a very little amount which wouldn't worth the time.

It's sort of like a "hack" when an individual has infinite lives in the video game because he/she is NOT playing under the rules of the video game. It's simply an unfair advantage, plus it removes liquidity from the betting pool making it smaller, which might prevent the casino from accepting larger bets.

Arbers should use their strategies in Betting Exchanges because all of the bets are peer to peer. The exchange merely collects fees/doesn't have its own money in the liquidity pool.

I've known about arbitrage betting for quite a long time now, but I've never really come to understand completely how it's done, I've even heard and read post of some guys who end up getting restricted from accessing their accounts by some casinos on the charge that they were doing arbitrage betting.

Though like I said before, this is something Ive known I words for a very long time, but unfortunately, I've never picked the interest to want to really find out what exactly it is, how it's done and so on.
So, reading your analogy of having infinite lives in a video game, that tried a bit to explain it but it's not clear enough, so, if you don't mind, I honestly would appreciate a clear and precise explanation on how arbitrage betting is done, I know I could easily Google this, but we are here already, so, let this also serve as a contribution to the discussion.

Thanks for your anticipated time and effort.

You are not alone in the delusion of not understanding what Abitrage betting is and how effective or in effective it is, and what are it rules in aiding the gamblers to win the bet, this is much more so to the point that we may consider using that mechanisms to stay ahead in our bets,.

I think one will need to have an extra read about abitrage betting or the concept because the tool is not only availability in gambling alon but also in trading, so it worth the search to see what it real meaning is and what are it effects.

Little Mouse

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Quote from: BABY SHOES on February 15, 2024, 10:37:21 AM

The first airdrop allocation is indeed 10% but with airdrop allocations 2 and 3 it is not much different only a difference of 1% percent but different ways to get it.

It has a huge difference if you have a close look.
Airdrop 1 will be distributed among the early users, users who have gambled in the first 12 months while others two arent limited to them. Looking forward although I haven't played a lot.

Wapfika

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Anyone here knew what’s the calculation of the airdrop reward baed on the casino wager? I read the whitepaper but failed to find info about the distribution calculation aside from vesting.

Afaik there will be more airdrop from those user that will actively bet in the casino even after the snapshot and distribution. This is same with BFG tokens that they reward rakebacks in form of tokens.

I just hope that SHFL token will be consistent on buy back since this is the part which many casino with utility tokens failed to deliver. I’m excited to get my airdrop token on March.

BABY SHOES

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Quote from: komisariatku on February 15, 2024, 07:23:12 AM

Quote from: o48o on February 15, 2024, 04:27:38 AM

$shfl whiepaper is out, and while i am still browsing it, it looks balanced, and i am seriously impressed about the professionality of this. Token issuance was quite confusing a first, but it looks balanced. And buy back & burn rate of 15% is very impressive too.

https://shfl.shuffle.com/

This is good news, I looked a little and it looks like the first airdrop period will be the most because the allocation is 10%. In total, shuffle will distribute the airdrop in 3 periods, with an estimated distribution for the first period 10%, the second period 9%, and the third period 9%.

Finally, good news comes as it has released a tokenomic whitepaper.

The first airdrop allocation is indeed 10% but with airdrop allocations 2 and 3 it is not much different only a difference of 1% percent but different ways to get it.

What I understand about airdrop 2.
High betting volume.
Affiliate volume.
Loyalty is getting higher and higher.
Continue to bet with SHFL Tokens.

The 3rd airdrop has not yet announced the criteria.

For airdrop 1 will be vesting for 3 months the first month is opened 20% after TGE when users make bets with SHFL tokens then it will reduce the token time locked for 3 months, meaning that the more SHFL tokens that are bet in this casino will continue to reduce the amount locked.

That's what I read and understand here: https://shfl.shuffle.com/shuffle-token-shfl/wager-to-vest

Little Mouse

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Quote from: Fivestar4everMVP on February 15, 2024, 06:54:24 AM

So, reading your analogy of having infinite lives in a video game, that tried a bit to explain it but it's not clear enough, so, if you don't mind, I honestly would appreciate a clear and precise explanation on how arbitrage betting is done, I know I could easily Google this, but we are here already, so, let this also serve as a contribution to the discussion.

Check out this article- https://sumsub.com/blog/arbitrage-gambling/

Fivestar4everMVP

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Leading Crypto Sports Betting & Casino Platform

Quote from: o48o on February 15, 2024, 08:14:16 AM

Quote from: komisariatku on February 15, 2024, 07:23:12 AM

Quote from: o48o on February 15, 2024, 04:27:38 AM

$shfl whiepaper is out, and while i am still browsing it, it looks balanced, and i am seriously impressed about the professionality of this. Token issuance was quite confusing a first, but it looks balanced. And buy back & burn rate of 15% is very impressive too.

https://shfl.shuffle.com/

This is good news, I looked a little and it looks like the first airdrop period will be the most because the allocation is 10%. In total, shuffle will distribute the airdrop in 3 periods, with an estimated distribution for the first period 10%, the second period 9%, and the third period 9%.

I haven't read all the whitepapers and don't understand the concept and analysis of the SHFL token in the future, if someone can explain and analyze it, it might be very interesting.

BTW, People who played from the start have an edge on this airdrop, as noah tweeted that bets from the beginning of the casino weigh more on the airdrop then for example betting in november.

Well, I am not exactly happy to say that I missed this one, but then, I am very happy for as many that will or have qualified for the airdrop since it's been announced that a snapshot has already been taken on the 1st of February this year, 2024.

I did come across the announcement sometime last year that this casino will launch their own token and the distribution process will be through an airdrop that will be distributed to their users, so, I really fumbled on this one, but all the same, I wish Goodluck to all who have qualified, I will possibly study the whitepaper to see the potentials the token has, and if it does good potentials of worthing some thing really nice in the future, I would buy the token from those who are going to be dumping it on the market as soon as that goes live.

o48o

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Quote from: komisariatku on February 15, 2024, 07:23:12 AM

Quote from: o48o on February 15, 2024, 04:27:38 AM

$shfl whiepaper is out, and while i am still browsing it, it looks balanced, and i am seriously impressed about the professionality of this. Token issuance was quite confusing a first, but it looks balanced. And buy back & burn rate of 15% is very impressive too.

https://shfl.shuffle.com/

This is good news, I looked a little and it looks like the first airdrop period will be the most because the allocation is 10%. In total, shuffle will distribute the airdrop in 3 periods, with an estimated distribution for the first period 10%, the second period 9%, and the third period 9%.

I haven't read all the whitepapers and don't understand the concept and analysis of the SHFL token in the future, if someone can explain and analyze it, it might be very interesting.

What do you need to know? I am not sure what's unclear here as basics are pretty simple.

They are basically rewarding for playing with $shfl tokens, and buying the tokens back from the markets weekly with 15% of their their revenue (rollbit announced similar buyback burning mechanics while back as well and they exploded in value).

People can also use it for wagering and you can get vip perks with it in the future, which i guess could be important for big players, but i don't see those as significant for the token value. And number of tokens needed for vip perks probably change in the future as well, as it's a deflationary token, and that means it can end up being too expensive for players to keep fixed requirements for it.

BTW, People who played from the start have an edge on this airdrop, as noah tweeted that bets from the beginning of the casino weigh more on the airdrop then for example betting in november.

komisariatku

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Quote from: o48o on February 15, 2024, 04:27:38 AM

$shfl whiepaper is out, and while i am still browsing it, it looks balanced, and i am seriously impressed about the professionality of this. Token issuance was quite confusing a first, but it looks balanced. And buy back & burn rate of 15% is very impressive too.

https://shfl.shuffle.com/

This is good news, I looked a little and it looks like the first airdrop period will be the most because the allocation is 10%. In total, shuffle will distribute the airdrop in 3 periods, with an estimated distribution for the first period 10%, the second period 9%, and the third period 9%.

I haven't read all the whitepapers and don't understand the concept and analysis of the SHFL token in the future, if someone can explain and analyze it, it might be very interesting.

Fivestar4everMVP

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Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

Quote from: Wind_FURY on February 15, 2024, 06:40:55 AM

Quote from: Little Mouse on February 15, 2024, 05:21:12 AM

Quote from: hopenotlate on February 15, 2024, 05:10:35 AM

a bookie should be happy someone stakes big amount on their site and does it frequently; isn't it their main goal to bring traffic and volume?

The main goal of all the casino is entertain you and making money through the entertainment. If someone is arbitrage betting, he is winner all the time. That's why it's also called sure bet. They are beating the bookies with arbitrage betting. Most of the casinos don't allow arbitrage betting. In some cases, casino only limit the gambler so they can't anymore take the chance as with small amount of betting limit, they would make a very little amount which wouldn't worth the time.

It's sort of like a "hack" when an individual has infinite lives in the video game because he/she is NOT playing under the rules of the video game. It's simply an unfair advantage, plus it removes liquidity from the betting pool making it smaller, which might prevent the casino from accepting larger bets.

Arbers should use their strategies in Betting Exchanges because all of the bets are peer to peer. The exchange merely collects fees/doesn't have its own money in the liquidity pool.

I've known about arbitrage betting for quite a long time now, but I've never really come to understand completely how it's done, I've even heard and read post of some guys who end up getting restricted from accessing their accounts by some casinos on the charge that they were doing arbitrage betting.

Though like I said before, this is something Ive known I words for a very long time, but unfortunately, I've never picked the interest to want to really find out what exactly it is, how it's done and so on.
So, reading your analogy of having infinite lives in a video game, that tried a bit to explain it but it's not clear enough, so, if you don't mind, I honestly would appreciate a clear and precise explanation on how arbitrage betting is done, I know I could easily Google this, but we are here already, so, let this also serve as a contribution to the discussion.

Thanks for your anticipated time and effort.

Wind_FURY

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Activity: 2898

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Quote from: Little Mouse on February 15, 2024, 05:21:12 AM

Quote from: hopenotlate on February 15, 2024, 05:10:35 AM

a bookie should be happy someone stakes big amount on their site and does it frequently; isn't it their main goal to bring traffic and volume?

The main goal of all the casino is entertain you and making money through the entertainment. If someone is arbitrage betting, he is winner all the time. That's why it's also called sure bet. They are beating the bookies with arbitrage betting. Most of the casinos don't allow arbitrage betting. In some cases, casino only limit the gambler so they can't anymore take the chance as with small amount of betting limit, they would make a very little amount which wouldn't worth the time.

It's sort of like a "hack" when an individual has infinite lives in the video game because he/she is NOT playing under the rules of the video game. It's simply an unfair advantage, plus it removes liquidity from the betting pool making it smaller, which might prevent the casino from accepting larger bets.

Arbers should use their strategies in Betting Exchanges because all of the bets are peer to peer. The exchange merely collects fees/doesn't have its own money in the liquidity pool.

Little Mouse

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Marketing Campaign Manager |Telegram ID- @LT_Mouse

Quote from: hopenotlate on February 15, 2024, 05:10:35 AM

a bookie should be happy someone stakes big amount on their site and does it frequently; isn't it their main goal to bring traffic and volume?

The main goal of all the casino is entertain you and making money through the entertainment. If someone is arbitrage betting, he is winner all the time. That's why it's also called sure bet. They are beating the bookies with arbitrage betting. Most of the casinos don't allow arbitrage betting. In some cases, casino only limit the gambler so they can't anymore take the chance as with small amount of betting limit, they would make a very little amount which wouldn't worth the time.

hopenotlate

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Quote from: Little Mouse on February 15, 2024, 03:42:08 AM

Quote from: BlackBoss_ on February 15, 2024, 03:36:38 AM

Is it possible to win big enough with this style to trigger some serious action against those gamblers?

With arbitrage betting, your profit margin is very small but that's a sure shot so you can stake bigger amount and get a good amount back. Usually, bookies either ban them or limit their bet size.
There are pattern to detect arbitrage gamblers. Bet size, bet frequency, withdrawal frequency etc which help to detect arbitrage gamblers.
Casinos get help from 3rd party too in detecting such accounts I think.

Feel free to ask your question here- https://bitcointalksearch.org/topic/--5482508

Your explanations completely makes sense : patterns speak clearly and rarely lie.
But still my doubt remains : a bookie should be happy someone stakes big amount on their site and does it frequently; isn't it their main goal to bring traffic and volume?
Will try my luck in the thread you linked. Thanks for it.

AHOYBRAUSE

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Quote from: hopenotlate on February 14, 2024, 12:18:16 PM

Quote from: dothebeats on February 14, 2024, 09:06:05 AM

A quick Google search about arbitrage betting will land you into a couple of results stating that casinos hate it because of the fact that it removes the risk on the player and the casinos have everything to lose. Even a 1% gain from a single arbitrage bet will eventually stack up, and casinos don't like losing money. There are certain ways how the casinos are able to detect whether a bet is arbitrage or not, and the user here even admits that it is. Casinos are in the business of making money, so why would they allow such strategy to happen if they lose 100% of the time?

I always fail to understand why casinoes are against this practice considering the arbitrage happens on two different sportsbooks ( of course it is impossible to do it on the same one) : so sportsbook A take a side of the bet and sportsbook B takes the other side.
Imo they shouldn't know what their players do outside their business area and furthermore they shouldn't even care about it, unless they team up each other for some other reasons I ignore.
I guess I am missing something about this anti arbitrage policy.

I always wonder the same. If they are scared of arbitrage betting, just adjust your odds, that's it. Don't blame the player for doing their job and research good odds.
The sportsbook/casino have a house edge on everything. Especially on sports the fig is HUGE on some sites. Often enough I see offs of 1.5 : 2.22 or 1.8 : 1.82 , these are terrible odds but for some reason all crypto books have these. If you are looking at fiat sites the odds are in 90% of the cases much better. On pinnacle for example you often get like 1.92 : 1.94 on most 50/50 bets like over/under or handicap.

So they offer bad odds and then whine over losing 1% to an arbitrage bet, while collecting up to 20% fig, makes total sense.

o48o

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Leading Crypto Sports Betting & Casino Platform

$shfl whiepaper is out, and while i am still browsing it, it looks balanced, and i am seriously impressed about the professionality of this. Token issuance was quite confusing a first, but it looks balanced. And buy back & burn rate of 15% is very impressive too.

https://shfl.shuffle.com/

Probably there's more details to come, like are they buying back and burning the tokens indefinitely, or is there going to be a limit where they quit that? Because if it's indefinitely, it strips away the meaning of marketcap, and technically there's no limit how much the price can rise. And funny thing here is, if the token value is good enough, there will be more people gambling to get the second airdrop, and that rises the buyback burn rate, rising the value of token, and creating even more volume. This will be interesting.

Also questions like how much does it cost to move in erc20 layer, and if we can use L2. And if the personal size of it is related to amount of money gambled, or are there exact grades for each vip status. That could make a huge difference in higher ranks if someone didn't quite manage to get the next rank, that they at least would get their money's worth.

Little Mouse

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Quote from: BlackBoss_ on February 15, 2024, 03:36:38 AM

Is it possible to win big enough with this style to trigger some serious action against those gamblers?

With arbitrage betting, your profit margin is very small but that's a sure shot so you can stake bigger amount and get a good amount back. Usually, bookies either ban them or limit their bet size.
There are pattern to detect arbitrage gamblers. Bet size, bet frequency, withdrawal frequency etc which help to detect arbitrage gamblers.
Casinos get help from 3rd party too in detecting such accounts I think.

Feel free to ask your question here- https://bitcointalksearch.org/topic/--5482508

BlackBoss_

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Quote from: hopenotlate on February 14, 2024, 12:18:16 PM

I always fail to understand why casinoes are against this practice considering the arbitrage happens on two different sportsbooks ( of course it is impossible to do it on the same one) : so sportsbook A take a side of the bet and sportsbook B takes the other side.
Imo they shouldn't know what their players do outside their business area and furthermore they shouldn't even care about it, unless they team up each other for some other reasons I ignore.
I guess I am missing something about this anti arbitrage policy.

I also don't know how they can detect arbitrage betting because it's not their business and control if a user makes bet on another or other sportsbooks.

I am not sure about information sharing or connection between sportsbooks so that they can detect arbitrage trading activities of gamblers. I have same thinking like you, if a user bets on my business, if he wins, I pay it, if he loses, I take his money. That's all I can control and another thinking is will gamblers can win big by arbitrage betting?

Is it possible to win big enough with this style to trigger some serious action against those gamblers?

hopenotlate

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Quote from: dothebeats on February 14, 2024, 09:06:05 AM

A quick Google search about arbitrage betting will land you into a couple of results stating that casinos hate it because of the fact that it removes the risk on the player and the casinos have everything to lose. Even a 1% gain from a single arbitrage bet will eventually stack up, and casinos don't like losing money. There are certain ways how the casinos are able to detect whether a bet is arbitrage or not, and the user here even admits that it is. Casinos are in the business of making money, so why would they allow such strategy to happen if they lose 100% of the time?

I always fail to understand why casinoes are against this practice considering the arbitrage happens on two different sportsbooks ( of course it is impossible to do it on the same one) : so sportsbook A take a side of the bet and sportsbook B takes the other side.
Imo they shouldn't know what their players do outside their business area and furthermore they shouldn't even care about it, unless they team up each other for some other reasons I ignore.
I guess I am missing something about this anti arbitrage policy.

Wapfika

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Quote from: dothebeats on February 14, 2024, 09:06:05 AM

A quick Google search about arbitrage betting will land you into a couple of results stating that casinos hate it because of the fact that it removes the risk on the player and the casinos have everything to lose. Even a 1% gain from a single arbitrage bet will eventually stack up, and casinos don't like losing money. There are certain ways how the casinos are able to detect whether a bet is arbitrage or not, and the user here even admits that it is. Casinos are in the business of making money, so why would they allow such strategy to happen if they lose 100% of the time?

This correct. It’s very unfair already to the casino if you do this kind of strategy because users that using this is literally just betting on the error of placing odds of bookmaker or simply taking advantage on casino error.

But as a gambler myself. I always preferred betting with minimal risk like this arbitrage betting if this is allowed. I just hope that sportsbook will solve this issue on their own to let gamblers restricted to bet on this kind of strategy instead of confiscating the winnings right after using the strategy.

Topic: ✨ Shuffle.com | The next generation of crypto casinos | Sports, Casino + token - page 43. (Read 18503 times)