sports betting sites that return your money when you lose. - page 4.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: ChiBitCTy on April 20, 2022, 07:33:01 AM

As others here have said just keep in mind that there tends to be “catches” with every type of offer when it comes to getting money back. Now I personally don’t know of any online casinos, or offshore casinos I should say, that give some losses back ,but I do know some of the biggest players like FanDuel will give a small amount lost back but only on your very first bet I believe. All of the other money back opportunities that I know of tend to be bonuses.

That's merely a promo, a strategy to encourage more occasional users to try their service. All of the other money back opportunities besides bonuses are in "cash backs". They are amounts of money given back to the user, which are based on how much fees were paid by that user on a monthly duration. OP's site is different, the title literally says "return your money when you lose".

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

I am trying to check the site from @OP but it seems the site is going offline. I do not know when the site is offline but I think they can not sustain their business since they need to pay gamblers who lose their money on their site. Maybe @OP was lucky enough to get a refund from his losses but I wonder if @OP can get his money back since the site goes offline.

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

As others here have said just keep in mind that there tends to be “catches” with every type of offer when it comes to getting money back. Now I personally don’t know of any online casinos, or offshore casinos I should say, that give some losses back ,but I do know some of the biggest players like FanDuel will give a small amount lost back but only on your very first bet I believe. All of the other money back opportunities that I know of tend to be bonuses.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: mindrust on April 10, 2022, 02:30:17 PM

Quote from: Similificator on April 10, 2022, 11:08:59 AM

Yup. Just like what the title says. I have recently been recommended or referred (since it was a referral link that got me to register) by a friend of a friend into an online sports betting site. Being new to such things, I thought I should ask opinions from veterans here whether such things do exist or not. Although that friend claims that he had already made huge amount of cash from this site, I am still pretty skeptical and haven't topped up yet. But I gotta admit it is pretty fun and appealing to me, just wanna make sure before I put some money into it.
I would really appreciate some online gambling veteran insight

)

Edit: this is the website - lmb.cc

I am pretty sure they find other creative ways to screw you over. If it sounds too good to be true, it usually is. Either their rates suck or they randomly enforce KYC or something else. This kind of stuff won't let the casino make any profits and if the casino can't make profits it will go bankrupt. Since the house can't go bankrupt, in end it must be the players that pay for this feature. You are wise to be skeptical about this.

OP, never descibed how the mechanics of the sports betting site returns your money. Maybe the "sports betting" part is just a ploy for people to deposit their money, and the "site" is actually a Ponzi, or a Pyramid Scheme.

Plus the site currently shows an "Error 1020: Access Denied". The site owner is probably limiting who can access the site, or limiting from what regions can access the site.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: South Park on April 19, 2022, 03:43:28 PM

Quote from: Maslate on April 19, 2022, 06:15:34 AM

Quote from: madnessteat on April 19, 2022, 06:10:41 AM

I think that such sites will disappear at some time and users who keep their money on them will lose them. Any of us understands how casinos work and there is no point in them returning lost money to users. Those funds are their earnings. Be sure that such a scheme will not work long and users will be upset to learn that the site is closed for no reason.

That's very similar to LFC, these are not gambling sites, these are ponzi sites that are scammers. Those who invested early and withdraw early might gain enough money, but those that enters late is going to lose a lot of money, as long as there are people who recruits, they are helping the site to get fresh money from investors, but just like scam sites, eventually these sites will turn scam.

I think the same, I mean a legitimate casino could offer to return a small percentage of each bet lost to their VIP customers as a way to show their appreciation, but to return every single bet in full is something that is not possible, casinos are a business and as such they have costs of operation to cover and they do that with the wins they get over the players, so a casino that always returns the money the player losses must have some other source from income, and that source of money seems to come from scamming their customers.

There's no other way that they could get other source of income for them to patch up whenever they do really make out some full return of bets then its really impossible and just been said that this isnt a charity

but a business that do really need for them to make profits or revenue to patch up on operation cost and salaries of staffs or whatsoever which its impossible that they would be giving cashbacks
whenever you do lost. This is really impossible or cant be happening for a gambling business.

SirLancelot

hero member

Activity: 2646

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: livingfree on April 18, 2022, 04:22:09 PM

I've read the edit on your original post OP. By the looks of it, you're doing good and congratulations to you wherever you've chosen to play. Keep on going and do not forget to lock out your profits and take it while you can.

Quote from: poldanmig on April 18, 2022, 03:37:07 PM

Is there a site that refunds its users if they lose?

IIRC, there were.

But it's not really refunding as the usual feature that they have. Mostly, it's a promo that they'll have so that users would be actively and aggressively going to gamble on them for just a specific period of time.

So, this thing really works? That's cool then, I thought this is just a hoax. I remember a receive a mail from some gambling site that I only visit once. The email says risk free bet, is that the same thing? Even this only happens rarely I think the casino will lose a lot of money from this because many gamblers are going to get interested with this limited time offer. The bad thing is that those gamblers won't visit the gambling site after this.

This is not a good promotion in the side of the gambling site. I can see that there are users above that complain about scams. We need to be careful because they can use this "return money" tagline to attract and scam users.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Maslate on April 19, 2022, 06:15:34 AM

Quote from: madnessteat on April 19, 2022, 06:10:41 AM

I think that such sites will disappear at some time and users who keep their money on them will lose them. Any of us understands how casinos work and there is no point in them returning lost money to users. Those funds are their earnings. Be sure that such a scheme will not work long and users will be upset to learn that the site is closed for no reason.

That's very similar to LFC, these are not gambling sites, these are ponzi sites that are scammers. Those who invested early and withdraw early might gain enough money, but those that enters late is going to lose a lot of money, as long as there are people who recruits, they are helping the site to get fresh money from investors, but just like scam sites, eventually these sites will turn scam.

I think the same, I mean a legitimate casino could offer to return a small percentage of each bet lost to their VIP customers as a way to show their appreciation, but to return every single bet in full is something that is not possible, casinos are a business and as such they have costs of operation to cover and they do that with the wins they get over the players, so a casino that always returns the money the player losses must have some other source from income, and that source of money seems to come from scamming their customers.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: Maslate on April 19, 2022, 06:15:34 AM

Quote from: madnessteat on April 19, 2022, 06:10:41 AM

I think that such sites will disappear at some time and users who keep their money on them will lose them. Any of us understands how casinos work and there is no point in them returning lost money to users. Those funds are their earnings. Be sure that such a scheme will not work long and users will be upset to learn that the site is closed for no reason.

That's very similar to LFC, these are not gambling sites, these are ponzi sites that are scammers. Those who invested early and withdraw early might gain enough money, but those that enters late is going to lose a lot of money, as long as there are people who recruits, they are helping the site to get fresh money from investors, but just like scam sites, eventually these sites will turn scam.

Such sites will not last long because they have to return the money their users lost due to gambling and they will spend a lot of money.
After all, I am sure many gamblers will play on that site.
It could be that people who are late to join will get scammed because the casino has already lost a lot of money paying off the losing gamblers.
So if we find such a site, it's better not to try to play there just because their offers look very attractive.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: Maslate on April 19, 2022, 06:15:34 AM

Quote from: madnessteat on April 19, 2022, 06:10:41 AM

I think that such sites will disappear at some time and users who keep their money on them will lose them. Any of us understands how casinos work and there is no point in them returning lost money to users. Those funds are their earnings. Be sure that such a scheme will not work long and users will be upset to learn that the site is closed for no reason.

That's very similar to LFC, these are not gambling sites, these are ponzi sites that are scammers. Those who invested early and withdraw early might gain enough money, but those that enters late is going to lose a lot of money, as long as there are people who recruits, they are helping the site to get fresh money from investors, but just like scam sites, eventually these sites will turn scam.

In my years of gambling experience, even before cryptocurrency gambling existed, I have never heard of a gambling website (or even a physical casino) that returns your money when you lose.

Given the nature of these gambling websites, it is imperative to know that these are "businesses" in which their aim is to profit. With that kind of scheme, how can they possibly profit from this system? Where is the so-called "risk" that makes gambling websites profitable in the first place?

I really do believe that this kind of method is nothing but a scheme devised to at least scam people in the process. I visited the site and it looks nothing like a sports-betting website; it's like they putted a random sporty image and some numbers telling you to withdraw.

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: madnessteat on April 19, 2022, 06:10:41 AM

I think that such sites will disappear at some time and users who keep their money on them will lose them. Any of us understands how casinos work and there is no point in them returning lost money to users. Those funds are their earnings. Be sure that such a scheme will not work long and users will be upset to learn that the site is closed for no reason.

That's very similar to LFC, these are not gambling sites, these are ponzi sites that are scammers. Those who invested early and withdraw early might gain enough money, but those that enters late is going to lose a lot of money, as long as there are people who recruits, they are helping the site to get fresh money from investors, but just like scam sites, eventually these sites will turn scam.

madnessteat

legendary

Activity: 2310

Merit: 2073

I think that such sites will disappear at some time and users who keep their money on them will lose them. Any of us understands how casinos work and there is no point in them returning lost money to users. Those funds are their earnings. Be sure that such a scheme will not work long and users will be upset to learn that the site is closed for no reason.

rodskee

full member

Activity: 2520

Merit: 204

Quote from: seleme on April 18, 2022, 04:29:53 PM

Exactly my thoughts!
Casinos and bookies are business that operates with a specific edge over time, how it is possible refunding the losses when a player loses. Maybe it is a referral system based on a player's loss and they keep refunding the losses till reaching the specific quota. Just my personal guess, it will be interesting to understand how the mechanism works. Sportsbooks are not charity organizations, when you lose it is gone unless you are streamers make money from other people's lost money. Btw, the mentioned website doesn't exist either OP removed the link or edited the post to avoid issues.

I find it Good to be true actually because how could a Business man will give back the Money His costumer already Paid Him from the service he brings?
this is something that stupidly impossible to happen.
but there maybe small thing that people benefits about that returning though surely it is thinned than what this post tries to imply .

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: seleme on April 18, 2022, 04:29:53 PM

Quote from: Fortify on April 10, 2022, 02:22:58 PM

Quote from: Similificator on April 10, 2022, 11:08:59 AM

Yup. Just like what the title says. I have recently been recommended or referred (since it was a referral link that got me to register) by a friend of a friend into an online sports betting site. Being new to such things, I thought I should ask opinions from veterans here whether such things do exist or not. Although that friend claims that he had already made huge amount of cash from this site, I am still pretty skeptical and haven't topped up yet. But I gotta admit it is pretty fun and appealing to me, just wanna make sure before I put some money into it.
I would really appreciate some online gambling veteran insight

)

Either you are a scammer, your friend is a scammer, or that site is going trying to sucker in as many depositors as possible before running with everyones money. The very fact that you are even suggesting that a sportsbook returns your money on losses and presumably returns your money plus extra if you win, makes me think you are in on this whole scheme. Simple logic will tell you that sportsbooks are not a charity, they are around to make money and how exactly are they making any money if they just give back bets if people lose? The very basis for placing a bet is the element of risk, the sportsbook accepts the bet because they find an acceptable price for taking on the risk that they will win instead of you. You really deserve full red trust for pedaling such ideas.

Exactly my thoughts!
Casinos and bookies are business that operates with a specific edge over time, how it is possible refunding the losses when a player loses. Maybe it is a referral system based on a player's loss and they keep refunding the losses till reaching the specific quota. Just my personal guess, it will be interesting to understand how the mechanism works. Sportsbooks are not charity organizations, when you lose it is gone unless you are streamers make money from other people's lost money. Btw, the mentioned website doesn't exist either OP removed the link or edited the post to avoid issues.

We do have that rakeback or cashback which is something that we do really have on this market but we know that given funds arent that great which might OP doesnt really prefer or do really mind off

about some return of money when you do lost.Its true that these things are businesses and not charity on where you do lost and give out your funds back which is totally bullshit.
This isnt how the business works and if you are really that making this thing serious then you shouldnt have gambled in the first place.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: Fortify on April 10, 2022, 02:22:58 PM

Quote from: Similificator on April 10, 2022, 11:08:59 AM

Yup. Just like what the title says. I have recently been recommended or referred (since it was a referral link that got me to register) by a friend of a friend into an online sports betting site. Being new to such things, I thought I should ask opinions from veterans here whether such things do exist or not. Although that friend claims that he had already made huge amount of cash from this site, I am still pretty skeptical and haven't topped up yet. But I gotta admit it is pretty fun and appealing to me, just wanna make sure before I put some money into it.
I would really appreciate some online gambling veteran insight

)

Either you are a scammer, your friend is a scammer, or that site is going trying to sucker in as many depositors as possible before running with everyones money. The very fact that you are even suggesting that a sportsbook returns your money on losses and presumably returns your money plus extra if you win, makes me think you are in on this whole scheme. Simple logic will tell you that sportsbooks are not a charity, they are around to make money and how exactly are they making any money if they just give back bets if people lose? The very basis for placing a bet is the element of risk, the sportsbook accepts the bet because they find an acceptable price for taking on the risk that they will win instead of you. You really deserve full red trust for pedaling such ideas.

Exactly my thoughts!
Casinos and bookies are business that operates with a specific edge over time, how it is possible refunding the losses when a player loses. Maybe it is a referral system based on a player's loss and they keep refunding the losses till reaching the specific quota. Just my personal guess, it will be interesting to understand how the mechanism works. Sportsbooks are not charity organizations, when you lose it is gone unless you are streamers make money from other people's lost money. Btw, the mentioned website doesn't exist either OP removed the link or edited the post to avoid issues.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

I've read the edit on your original post OP. By the looks of it, you're doing good and congratulations to you wherever you've chosen to play. Keep on going and do not forget to lock out your profits and take it while you can.

Quote from: poldanmig on April 18, 2022, 03:37:07 PM

Is there a site that refunds its users if they lose?

IIRC, there were.

But it's not really refunding as the usual feature that they have. Mostly, it's a promo that they'll have so that users would be actively and aggressively going to gamble on them for just a specific period of time.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: Similificator on April 18, 2022, 12:54:03 PM

Okay, I'm getting a bit nervous about this LMB thing since just hours ago, another platform similar to LMB which was LFC(I think) had its users including another friend of mine to be locked out of their accounts unable to log in and of course withdraw their capital and winnings. He also said 20m just disappeared fast. So my, and my friend's conclusion is that they have been scammed already.

Many LMB users are also panicking but none has exited yet tho. Some even topped up even more. I saw screenshots with time and date that had huge deposits. These people are really brave, I don't even invest amounts like that on a single top 10 altcoin. Anyway, more updates in the coming days.

I just saw some post from social media about LFC scam, no idea about this scam thing inside PH but with what I have read users needs to deposit 20% of their withdrawal amount before the platform will process their withdrawal to my surprise there are people who allowed that and deposit more, as they are now scam twice by LFC.

On your side about LMB, I also don't understand why such a risk to take after getting some hint that the business may follow LFC?

If you already gain from this ponzi, better to withdraw now while you can still get your money. Better to have small profits
compared to losing it all together with your initial deposit.

crzy

full member

Activity: 2128

Merit: 180

Quote from: TribalBob on April 18, 2022, 10:03:33 AM

no one guarantees money can be returned if I see it because from a scheme like Ponzi, the end is entered in VIP for various reasons, just logically when you buy a lottery at street vendors they promise money back when we lose when you demand it from the seller it will definitely there are many reasons they give without giving results, all bullshit, they just give false promises , sorry a little emotional

This is gambling as far as I know and the moment you gamble you can’t get that money back same thing with this kind of Ponzi scheme, if you trust them you’ll end up losing the money. You can’t just put money on a place you are not familiar, if you do gambling expect to lose money because there’s no legit site that can still pay you even if you lose on your bet or in a game, if there is a site like this most probably they are already bankrupt.

poldanmig

sr. member

Activity: 1372

Merit: 275

Is there a site that refunds its users if they lose? if there is of course maybe the site is just like a charity site Grin

, all gambling sites are designed to benefit from their users, the losses that users get are an advantage for the site, so it doesn't make sense that the site will refund users' money if those users lost, then than they could have benefited all this time?
From a business point of view of course that is not the right step in developing a gambling site but in terms of marketing it will certainly be an attraction for new user, but in the end the site will only be accused of cheating by its users if later they don't do as they say, so I think better be wary of sites that offer something beyond logic.

Viscore

hero member

Activity: 3178

Merit: 661

Live with peace and enjoy life!

Quote from: Ziskinberg on April 10, 2022, 04:43:28 PM

That's not sports betting at all because terms like that in real sports betting do not exist.

When they return your money when you lose, they are like giving you free money. I'm sorry, but it sounds like a Ponzi scheme to me, and I also have some friends who market that to me but I never check the details of the site since the offer alone is too good to be true.

If the site is just giving free money, i don't think if its legit anymore. Don't be too greedy with the offer, always look for a red flag that will eventually tell you that all are just a scam. Once you gamble, there is always high probability that the house will always win, and not the players. But in this case, it seems that the players are not really in a loss, so definitely a big ponzi scheme.

Boristhecat

hero member

Activity: 756

Merit: 629

It is obvious that such an honest site cannot exist as it will simply go bankrupt. What will be the profit of the business (even just covering losses to maintain its functionality) if it gives money to the better even in case of loosing?
If we are talking about a partial refund, then this is implemented by many bookmakers and casinos, but you need to understand that the refund is a small percentage of what you lose on average.

Topic: sports betting sites that return your money when you lose. - page 4. (Read 887 times)