Topic: ✨ Shuffle.com | The next generation of crypto casinos | Sports, Casino + token - page 53. (Read 21126 times)

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.

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.

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.

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.

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.

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 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.

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.

$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.

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

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?

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 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.

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 think he is an expert in sports betting, I rarely bet on sports betting so I don't know what arbitrage betting is. I don't know why there are so many problems in sports betting, it seems like there is a deliberate cheating method so he was banned, to be honest I don't understand much about sports betting. I've been playing at shuffle for quite a while and haven't had any issues.

Are you new on sports betting? Because you should now that what you are doing is an arbitrage betting which is not allowed by the casino due to its nature of being a sure bet. Even if you are using different casino, They are using common bookmaker that makes your bet easy to detect for being a sure bet.

Logically speaking, there’s nothing wrong with this strategy as a player but you will definitely not like it as a casino player letting players drain your bankroll consistently without any risk. Casino is not a charity. Obviously they will not allow it since they are business after all. Arbitrage betting is well known here as not allowed strategy. In fact, there’s no casino allows it so you should not do that strategy if you don’t want to confiscate your profit out of it.

Seems like you really don’t have any idea that your strategy is not allowed. Try to browse the scam accusation board in the forum to see tons of user with same issue of yours on different sportsbook.

The most ridiculous thing is that currently my account is still active, and I can place bets. In practice, I can only lose, since if I win, the winnings will practically be considered void.

ndumm, care to weigh in?

llateman100: I wouldn't worry, i didn't imply you were doing betting for an airdrop, and that wouldn't even matter.  What i meant was, i am assuming that they might be doing mass banning several people using vpn, that were abusing vpn and creating accounts for it. And you might be collateral because of automation they need to use. So if that's the case, they are quite busy at that with the moment and you'll get your change to appeal when. The fact that aidrop announcement is late so much would support this theory.

ndumm: And about that airdrop announcement that meant for last week. I really would hope shuffle would be more transparent if there's a problem and least that they would tell if they can't keep the deadline. As that creates trust and gives a caring signal. This is like promising a date and not showing up or answering to texts. I get it, you got your reasons, but ghosting after the deadline is just weird.

sir i don't care about airdropp, or bonus...i just win betting. I have nordvpn extension on my browser, as 99% crypto people, no need to mask my ip, i am kyc2 verified, with id and proof of address that shows that my address is the same of my IP, expect for 1 time when i connect trought vpn in moldavia (and i do not place any bet in that case). I would be very happy if shuffle could answer here. So you are telling us that if an user access shuffle one time trought VPN, they have the right to void al his bets since the beginning? You think that this kind of rule could have a sense? But i repeat, i don't care about airdrop or bonus, i just want my winnings, nothing else, and i have not received 1 cent bonus. These are my bets, no surebets, no strange things just bets https://i.postimg.cc/VrvWJkmY/shufle1.jpg]
So VPN rule alone would be enough depending how strict they want to be with the ToS. But hopefully you'll get your money back. Maybe you'll get a change to appeal again, and maybe they'll accept the reason that it's by an accident. Or maybe you are not telling something, like the fact you accidentally used same ip on that vpn that you had been used for alt account. We don't know as we only have your side about it. But obviously "accidentally" is going to be everyone's go-to excuse. Imho leaving the VPN on, could happen to anyone, but it's now just a matter of their interpretation.

But after googling $shfl, i am pretty sure that you are not the only one getting this treatment. There are youtube influencers encouraging people to use VPN in shuffle, and twitter accounts admitting they are using vpn to get an airdrop. I am now actually hoping that these people get busted so that there will be less participants and bigger shares.
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sir i don't care about airdropp, or bonus...i just win betting. I have nordvpn extension on my browser, as 99% crypto people, no need to mask my ip, i am kyc2 verified, with id and proof of address that shows that my address is the same of my IP, expect for 1 time when i connect trought vpn in moldavia (and i do not place any bet in that case). I would be very happy if shuffle could answer here. So you are telling us that if an user access shuffle one time trought VPN, they have the right to void al his bets since the beginning? You think that this kind of rule could have a sense? But i repeat, i don't care about airdrop or bonus, i just want my winnings, nothing else, and i have not received 1 cent bonus. These are my bets, no surebets, no strange things just bets

https://i.postimg.cc/W36WfdyJ/shufle1.jpg

https://i.postimg.cc/gJPtDVgW/suffle2.jpg

Well it's directly prohibited, so you definitely broke the rules:
So VPN rule alone would be enough depending how strict they want to be with the ToS. But hopefully you'll get your money back. Maybe you'll get a change to appeal again, and maybe they'll accept the reason that it's by an accident. Or maybe you are not telling something, like the fact you accidentally used same ip on that vpn that you had been used for alt account. We don't know as we only have your side about it. But obviously "accidentally" is going to be everyone's go-to excuse. Imho leaving the VPN on, could happen to anyone, but it's now just a matter of their interpretation.

But after googling $shfl, i am pretty sure that you are not the only one getting this treatment. There are youtube influencers encouraging people to use VPN in shuffle, and twitter accounts admitting they are using vpn to get an airdrop. I am now actually hoping that these people get busted so that there will be less participants and bigger shares.