Traditional Crypto online gambling sites against Crypto based gambling sites

DoublerHunter

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Quote from: adzino on August 01, 2020, 08:57:55 AM

As for now traditional crypto gambling casinos are going to win and will be leading. I mean people are more familiar to casinos like these. Why would someone choose a new "crypto based gambling sites" when there are already old, well established and trusted casino out there? I doubt anyone would want to gamble in those new gambling platform.
And how many of those casino based project managed to survive? I guess few to none only. Same goes for coins/tokens created for gambling purposes. All of them eventually dies.

^ Probably you are right because wide use as of now is bitcoin and other top altcoins. I don't familiar with the crypto online casino that has their own network such as TRON and EOS that most commonly have been used in online gambling cryptos. I bet the traditional crypto online, why?
The Tron network community or even the EOS network community has only have small number of holders. Not just like bitcoin, you can be used this everywhere because commonly people accept bitcoin as payment. Neverthless, lets wait for them to have improvements and choose who is the best.

Lakai01

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Quote from: adzino on August 01, 2020, 08:57:55 AM

As for now traditional crypto gambling casinos are going to win and will be leading. I mean people are more familiar to casinos like these. Why would someone choose a new "crypto based gambling sites" when there are already old, well established and trusted casino out there?

In my opinion, the biggest problem to achieve market penetration is that crypto-gambling sites are simply prohibited in many countries. Especially in "rich" countries like Central Europe, for example, playing on non-licensed gambling platforms is punished, so a lot of people will be afraid to play on these sites.

Of course, the situation is different in countries with less strict laws, but to be able to speak of a "relevant" market share, these countries are especially relevant.

LbtalkL

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I guess what you mean is, like WINK on TRON Network is a Gambling dapps that runs on blockchain. They have their own advantages. On traditional gambling sites, you have more options to withdraw or deposits, some of them allow you to exchange one coin to another which is convenient. On Gambling dapps you can feel more secure because you have the full control of your funds, every time you bet it is initiated from your own wallet and your profits will go to your wallet directly which you have the private keys or similar, if compared to exchanges, it is like a DEX. I guess they will both co-exist.

robelneo

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There are many crypto based gambling sites now for EOS, EOS gains more attention in gaming as well in casino but since many prefers bitcoin in playing that makes them not too popular. If these crypto based will also accept BTC even converted when playing they can gain more players like how traditional crypto casinos are performing.

I played on both Eos and Tron based gambling sites some of them do have an option to deposit other Cryptocurrency but they are more on promoting the Cryptocurrency where they are based, their biggest advantage is the easiness of use on Tron you only need to open the Tronlink, Tronlink browser-based wallet and deposit will be instant and the fee is very cheap not 0.001 Tron.

adzino

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As for now traditional crypto gambling casinos are going to win and will be leading. I mean people are more familiar to casinos like these. Why would someone choose a new "crypto based gambling sites" when there are already old, well established and trusted casino out there? I doubt anyone would want to gamble in those new gambling platform.
And how many of those casino based project managed to survive? I guess few to none only. Same goes for coins/tokens created for gambling purposes. All of them eventually dies.

VanityWallets2015

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Indeed. Although traditional and crypto based gambling sites are really comparable, both of these are more likely to remain even if the other one would gain more attention.
As each player has different preferences, people would be divided in choosing to play with traditional way or with the use of modern technologies.

deisik

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Quote from: Tipstar on August 01, 2020, 06:38:45 AM

I think it would be better to classify them as off chain and on chain gambling sites

I agree, that's a necessary distinction

But I don't think that on-chain gambling will ever be able to catch up with traditional crypto casinos (like Stake, Wolf.bet, etc) in terms of betting speed. With autobet, you can easily make around 5 rolls a second (if we are talking about dice). So how can on-chain gambling come close to that? On the other hand, with blockchain-based gambling you can be dead sure that the odds have not been tampered with and the outcome is truly random (and yes, I know about provably fair gambling, but still)

Tipstar

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I think it would be better to classify them as off chain and on chain gambling sites.
On chain gambling was quite popular on early days of bitcoin but increase in transaction fees and slowing down of network sprouted on chain gambling.
The only benefit of off chain gambling are they can achieve that without a fee and quickly but with newer gambling oriented coins with nearly zero and instant fees, on chain gambling are catching up. If there's a similar alternative of both sites, I'd always prefer on chain gambling sites.

carriebee

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Quote from: semobo on August 01, 2020, 05:10:12 AM

Quote from: robelneo on July 31, 2020, 08:12:15 PM

Traditional online Crypto gambling sites are gambling sites that accept a different kind of Cryptocurrencies like Bitcoin Ethereum Dogecoin and XRP
And Crypto based gambling sites are gambling sites that are created dedicated to a certain Cryptocurrency like Tron based gambling sites or Eon based gambling sites.
What do you think will have an upper hand or who can attract the most gamblers in the future

If a gambling site have any other crypto than bitcoin as dedicated crypto to play there will not have much attention towards maybe in future we could see a gambling site if there is a dedicated crypto currency created for gambling itself which may attract more users by giving many features compared to existing cryptos.

The most vote is the traditional online crypto gambling which users are prefer using this btc, and ethereum. Well, possible for that if there are dedicated crypto in the site it could attract users also. During these days some use crypto base in gambling site and some the traditional base. However, possibly in crypto base it will be improved and more users in the future.

arwin100

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Quote from: imstillthebest on August 01, 2020, 03:39:08 AM

Quote from: swogerino on August 01, 2020, 03:07:56 AM

I think based on the actual statistics the upper hand is clearly in the traditional websites which offer different cryptos to play in their site.The ones with only a specific coin will have a hard time getting a big number of users as the majority of users use the well known coins and not a certain specific coin.I think this will not change even in the future.

i dont think they have nothing else to provide because thats an easy loose for them if ever they plan to create a site under those platform but there must be an advantage if not in the coin choice .

coin choice isnt all about on why people will play and stay on a casino . they can also add another coin ( if possible ) if it isnt now , experts can find a way to patch the existing platform so that it can support more coins in the future and theyl totally beat those classic crypto casinos .

But didn't see any crypto based gambling site gain success and if there is they will not last long, So I best for those crypto based gambling site to adopt the traditional if they want to earn success since gamblers have different preferences and they cannot widen up their market if they are just focusing on their coin only or for few listed around.

So far I preferred the traditional crypto gambling site since the promotion and competition created more better as well appealing to the gamblers.

semobo

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Quote from: robelneo on July 31, 2020, 08:12:15 PM

Traditional online Crypto gambling sites are gambling sites that accept a different kind of Cryptocurrencies like Bitcoin Ethereum Dogecoin and XRP
And Crypto based gambling sites are gambling sites that are created dedicated to a certain Cryptocurrency like Tron based gambling sites or Eon based gambling sites.
What do you think will have an upper hand or who can attract the most gamblers in the future

If a gambling site have any other crypto than bitcoin as dedicated crypto to play there will not have much attention towards maybe in future we could see a gambling site if there is a dedicated crypto currency created for gambling itself which may attract more users by giving many features compared to existing cryptos.

Janation

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I will go with Traditional Crypto online gambling sites.

The thing is that there are a lot of cryptocurrencies we can use, it is not just Bitcoin, Ethereum, Eos, Doge or Tron, there are a lot and people would also prefer if they have choices. There are times that I would rather hold some of my cryptocurrencies and use others and it would be a bother if that is not available in an crypto online gambling site.

imstillthebest

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Quote from: swogerino on August 01, 2020, 03:07:56 AM

I think based on the actual statistics the upper hand is clearly in the traditional websites which offer different cryptos to play in their site.The ones with only a specific coin will have a hard time getting a big number of users as the majority of users use the well known coins and not a certain specific coin.I think this will not change even in the future.

i dont think they have nothing else to provide because thats an easy loose for them if ever they plan to create a site under those platform but there must be an advantage if not in the coin choice .

coin choice isnt all about on why people will play and stay on a casino . they can also add another coin ( if possible ) if it isnt now , experts can find a way to patch the existing platform so that it can support more coins in the future and theyl totally beat those classic crypto casinos .

erikoy

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Quote from: swogerino on August 01, 2020, 03:07:56 AM

I think based on the actual statistics the upper hand is clearly in the traditional websites which offer different cryptos to play in their site.The ones with only a specific coin will have a hard time getting a big number of users as the majority of users use the well known coins and not a certain specific coin.I think this will not change even in the future.

Yes I cast my vote too and statistics shows that the traditional crypto online gambling site are way too far better than crypto based gambling sites. Having choices is better than having a single crypto for betting because there is a need for conversion for that and I myself do not like to do it all the time I like to bet in that certain gambling sites. Beside it is like we do own our money and not being trusted by the crypto based gambling sites due to the need of conversion of our crypto held to their crypto based gambling site.

iv4n

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Crypto based gambling sites are great, who tried them knows that. What they did is great, allowing people to gamble and earn their tokens, you can stake those tokens and have passive income, you can buy them and stake them if you don't wish to gamble to earn them. I prefer Tron over EOS, and I am active on two tron sites. From traditional casinos I only know trustdice that's doing the same thing, you can gamble and earn their TXT token, and you can stake txt, buy/sell it, gamble with it. This is just an additional feature of crypto based gambling sites, you can gamble with different coins too, so there's not a big difference between traditional and crypto based gambling sites in my opinion. Actually this is the first time I see someone making a two separate groups for crypto gambling sites, for me all that is crypto gambling, just some casinos offer less and some offer more features!

swogerino

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I think based on the actual statistics the upper hand is clearly in the traditional websites which offer different cryptos to play in their site.The ones with only a specific coin will have a hard time getting a big number of users as the majority of users use the well known coins and not a certain specific coin.I think this will not change even in the future.

deisik

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Quote from: robelneo on July 31, 2020, 08:12:15 PM

What do you think will have an upper hand or who can attract the most gamblers in the future

It doesn't matter

Well, actually it does but only if we stop talking in general. Some regular online casinos testing the waters with cryptocurrencies may indeed increase their user base due to their overall expertise. However, it is not set in stone in the least. On the other hand, people who are well familiar with cryptocurrency casinos will be cautious with the "new" kids on the block just like they are cautious with really new cryptocurrency casinos springing up here and there

Insanerman

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Quote from: plvbob0070 on August 01, 2020, 02:10:26 AM

And the traditional crypto gambling is still popular among crypto gamblers so no doubt that most of us will choose the traditional one. It's easy to attract possible customers or gamblers when they have a variety of crypto to choose from compared to only a specific one.

Indeed. But if we would also consider Physical Casinos in the topic (on focusing on one currency in gambling), or an online gambling platform that uses fiat instead of crypto, then I guess there's no difference compared to traditional crypto gambling platforms, as they would have same idea of games and the same satisfaction, but only differs a little in the currency they use and they support. And if it was so, supporting a single fiat doesn't really matter nor change the game or the gambling at all, as long as they made it fair and fun.

romero121

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There is nothing to have a discussion which form of gambling site is gonna be in upper hand. Users prefer based on the convenience and comfort using the respective gambling sites. Here the traditional means cryptocurrency accepted gambling sites and the crypto based means the integration of site functioning over the EOS, TRX, ERC20 or any of the platforms.

However everything is a cryptocurrency accepted gambling site. Maybe with traditional fiat accepted gambling sites we need to make the comparison.

tippytoes

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Quote from: NavI_027 on August 01, 2020, 01:41:27 AM

Like what most of the other respondents, I got with the traditional as well. Not only because it offers a wider variety of coins for betting but mainly because of convenience

. Imagine the hassle of converting first your btc into eos (just an example) if ever you will play on a crypto based. Not yet mentioning the fact that some people are not comfortable to use other alts. Yeah eos and tron are reputable in all fairneess, but there are people who are still not into it.

We can't disregard the other advantages of using tron or eos, but most users here are oriented with btc or other popular alts and most of them have their btc holdings. And so if they want to play in tron or eos-based gambling site, they have to convert their btc to tron/eos, which is really not practical for them. So instead of converting their coin to tron/eos, they just play with casino sites which are accepting what they have, and that usually is btc.

Topic: Traditional Crypto online gambling sites against Crypto based gambling sites (Read 228 times)