In many instances people have posted "Provably Fair" on their site and they have no " Provably Fair" system in place. Your average gambler will never investigate further and they will just accept that the site is " Provably Fair ". I hope the more technical inclined gamblers will fill that loophole and test and educate the people who has no clue how this system is supposed to function.
Accurate observation. The same goes for "licensed" and "regulated" and to some extent even lowest house edge or best odds. In fact, if you stroll through the casinos advertised even on this forum, you'll find some glaring misrepresentations.
I definitely agree that Provably Fair is now the minimum standard. But players do have a rather steep learning curve when it comes to verifying for themselves if the Provably Fair mechanism is as it claims. For the larger sites, there are open-source tools out there to use but that still requires manual verification of each wager made. I admit myself I hardly ever verify my bets at places I already trust, beyond the first few I always do when signing up to anew place.
I also hear people can implement systems that looks " Provably Fair ", but once it is tested it turns out that it is rigged. Is this true?
I've seen at least one alleged case, which you can discover for yourself in this forum, where the system apparently would only show the seed if you expressly requested it. It's since been fixed.
This is one area, where we need a White Hat hacker initiative, where knowledgeable people could test these sites to see if their systems are "Provably Fair" or if the house edge is what is promoted on the site. These people should in no way be affiliated with these sites and not be bribed or influenced by these people.
Most people just use these sites and blow away their money on untested claims. Misrepresentations has become the standard now and nobody are challenging these claims. If this continues and consumers are exploited enough, law enforcement will get involved and this scene will get heavily regulated. < Most of them are running their online casinos from countries or independent Islands, where these law enforcement agencies cannot touch them. >
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