Topic: Will you still gamble? - page 7. (Read 1745 times)

While taking fees for withdrawal is a norms and necessity for any cryptocurrency service platform such as exchange and casinos, which is not directly taken by the operators of this platforms but as Blockchain fees that is understandable enough, but asides from the withdrawal fees there is no any other fees that gamblers pays on their winning, none, if you win, you take it a whole and nothing removed, but exchange charges for each trade positions opened or closed, which what become the born of contention right here, although this thread is just for fun and for that we have to one way or the other established a level playing ground that point out in clear definition of the difference between gambling platform and exchanges and how their operation differs from each other

In theory i think it almost be impossible to happend because one of the main features which mostly offered by the casinos is low fees for each transactions to their costumers and if there is particular casino has high fees then i am sure people will be starting to complaining about that and long term effect from these condition is automatically they will be leaved by the costumers and i think it will not good for their business

The casinos run their bussiness because they want to earn money and to gets loyal costumers and i am sure they will do everything and offering good features as the promotion and one of them just like i said above is low fees for each transactions and if this happend for me personally it's simple i would still gamble but the difference is i will avoiding the casinos with high fees and look for the casino which have cheaper fees

Right now, I'm just not sure if there is such a gambling platform here in the crypto industry that we live in a field where every game reduces the charge for every game we choose. I don't seem to see such a system in crypto gambling.

Because, as far as I know, all gambling casinos online have a house edge, especially in regulated casinos, of which most of the time there are a lot, as far as I know. And even if a casino platform actually does that, it's still in their rights, and it's up to us if we still want to play on their casino platform.

Exchanges and crypto casinos are not the same, and it's business model are quite totally different, which is why exchange charge per transaction, due to the fact that it's a platform which offers investment opportunities to crypto enthusiast, unlike gambling casinos which happens to be a platform which offers crypto users the ability to try their luck by predicting the outcome of an event, of which if they are lucky, they get rewarded if the outcome goes as predicted, but if it don't, they lose, which is why they don't charge per game played.  

Understanding that they are into business, these casinos have reason to collect some fees, but I don't think it was fair enough to do that per game. As a gambler, it gives me an option whether to use their platform or not, especially when fees are too high. They are in business, but I think they have to consider the situation of the players, or else this pushes gamblers to go away. 

Yes, I believe it is more reasonable when doing this upon withdrawal and also impose lower fees as much as possible. The more players they have, the more it gives them returns despite only the commission and small fees they get from them.

I think they should have to be more considerate rather than only seeing for their benefit.

If they are not that much, I'd continue to do it.

If the fees are lower from the exchanges then it doesn't really matter at all. Although this may not happen, it's a good discussion that we might face far in the future.

As business thrives, there could be a competition on how much they're going to charge for each game. Anyway, I am not thinking that this is ever going to happen though.

If we are charged to pay tax on winning we get from gamble its kind of rubbish thing to me because the government or the casino company will never give us any compassion if we lose. The casino company is doing there business and they won't care if we are losing, it's only when a gambler wins that it affects them, but if the winning is low it won't bother the casino at all. Anyway the casinos are paying there taxes but I don't think it would be right for gambler to pay tax when they win because there have other lost bets. But if I were to answer this question I don't think I might gamble because paying of tax to the government from the money we win means that the amount you are supposed to pay is based on how much you were lucky to win. Imagine when you win $100 and pays $10 as tax to the government from the money you have won on bet, meanwhile you have lost more that what you won previously. Then after some months you won $1,000,000 from gamble then you have to pay $100,000 for tax, that's rubbish. 

This is a completely hypothetical scenario that is impossible to happen. I know that the OP is asking if we would continue gambling, supposing it would happen, but I'm going to state that answering hypothetical questions isn't really my thing. Casinos are already earning a fortune through our bets; imposing betting fees would lead to finding other alternatives and eventually losing a huge player base. It's completely unreasonable to charge fees just to place a bet that may range from as little as $0.50 up to hundreds of dollars.

Trading and gambling are very different things. I think this is something that most people know. On exchanges, when people buy or sell an asset, they are charged fees. This is because if the exchange did not charge a fee, then the exchange would not have revenue to pay employees' salaries, would not have funds to maintain its own website, and the owner of the exchange would not make a profit. The exchange would go bankrupt, because people are buying the asset directly from other people and the people who are selling are selling directly to other people. That is why the only way the exchange makes money is by charging fees.

While in the case of casinos, they profit from people's losses, in a casino, people are playing against the casino. For example, if a person makes sports bets, that person is betting against the casino. If that person wins, then the bookmaker pays him, but if that person loses, then that person pays the bookmaker and most of the time the bookmaker is always winning, and that's why one shouldn't live off gambling. I personally don't care if they put fees or not because I see gambling as entertainment.

Gambling sites already have everything to their advantage which will help them get profits without neccessarily charging the gamblers transaction fees for every game they play. It will be a greedy attempt on the side of the gambling site if they even consider charging the gamblers again.

If gambling sites begin to charge transaction fees, the number of people who patronize these fambling sites daily will drop. Transaction charges will  discourage a few people who are not too passionate about gambling from gambling regularly or even completely.  Even though alot of other gamblers too might not feel bothered about the new development, some will lose interest in gambling with online sites as such charges imposed by the casinos will remain unacceptable to them.

Online casinos are not going to do that, and they will lose most of their customers if they ever implement something like that. Gamblers lose a lot of money gambling in casinos, and that is part of the ways they make money, and remember that they also have the "house edge", so there is no problem of profit for casinos, and if any of them ever faces such a problem, then they will shut down their business. This is different from exchanges that make their money from trading/withdrawal fees, crypto loans, etc.

I can say that there are lots of gambler who saw the word " House never loss , House always win" but most of them don't really know the meaning and I can also say that there are larger number of the gambler who are doing gambling regularly they don't about the house edge and how it's work on their loose or win. If I talk about my self I have also know that's after long time.
And if these gambler are not about those things I think there are more possibilities of them they do gambling on those platform which are not safe and that is why we are also seeing lots of scams accusing daily.

The gambler who like to play the gambling never bother about the fee for the deposit of crypto currency to the website.Instead they find the another way to deposit of the money to the gambling site.Some gamblers use to inverse the money in the form of their fiat instead of the money in terms of cryptocurrency.The gamblers who use the fiat an easily withdraw the money in the form of fiat.So they can withdraw money directly to their bank account,the transaction to their needs can be satisfied using the money in the bank account.Currently I am doing the gambling with the fiat instead of the crypto currency to avoid of transaction fee.

They are gambling sites. As gamblers are gambling, the gaming site is also gambling, in the sense that if the gambler loses, they (the gambling site/company) win.
Look at it this way, you're gambling against the company. Imagine making a bet with a person, if the outcome is against your bet, you lose, if it's for your bet, you win, that's exactly what we do when we bet on a gambling site. They also bear a risk just as every other gambler. They only make money when you lose. It's not the same with exchanges. With exchanges, the fee is for using their platform to trade. They don't stand to gain if you lose, In fact, they want you to win so you can pay more and keep trading with their exchange.

I would not gamble on a site that charges me for my winning, talk more of charging me for every game. I don't care how small and insignificant the amount is because if they do that, they're transferring their own risk over to me, so I would bear my risk and their risk.

 This is where the difference between a casino and an exchange comes in play. Sometime people tend to compare both the casino and the exchanges as similar platforms where people use to earn profits. But then casinos make profits from the loss of its customers and as it's always said, the house always wins. Casinos makes so much profits continuously since the algorithm is programmed to favor the house more. The exchange operates in an open environment, an eco system where everyone is responsible for their wins or losses. When you place a trade, your strategy or setup would determine if you will win or not. So then the exchange might have to take some percentage from it's users to cover up the taxes imposed on them by the government.

In essence, when gambling sites or gambling platforms charge more expensive fees for each transaction, then I believe bettors will also be reluctant to play on these platforms and will choose to use platforms that only have light or lower fees. Because after all, assuming gambling becomes an entertainment for them then at least, the low cost factor is also an option for them to enjoy gambling.

But if the gambling platform charges expensive fees, then I'm sure it will be difficult for the gambling platform to get customers or bettors. After all, with high fees it will make bettors also make a lot of considerations because after all, gambling is also not easy game to win, so applying high fees on gambling platforms I think is not right.

Pretty sure that all of us would really be hopping into other places on which we do know on where we could save up. It might really be not big to those deductions but on the moment that it keeps on piling up then
it would really be surely hurt you out on the moment or time that you do find yourself having those calculations. This is why it would really be that recommended that you should really know on how much they would really be deducting but well if we do talk or speak about the standard thing nowadays then we've been only that deducted on HE on which it would really be just that normal into this business. People shouldnt really be thinking that they are really that taking up advantage with those deductions but come to think that they are here on building up a business and not a charity on which of course they would really be setting out
those things for their benefit on which just like any other investments out there.

If it turns out that there would really be tons of deductions on this case then majority of us would really be finding out some places on which we could really be able to avoid those fees.
It is really just that enough with those house edge deductions and it would really be just that too much if they would really be that asking for more. It wouldnt really be just
that right that they would really be just that too greedy on this case or aspect.

Their business reason is that they charge gamblers because they actually make a lot of money from gamblers. Moreover they pay taxes on the money that gambling sites make. It may be governed by the laws of that country. On the other hand there are many non-regular gambling sites that offer tax free gambling bets. Again taking a small percentage from whoever wins. It is similar to crypto exchange in that you have to pay very little fees to withdraw funds.

If online casinos charges me fee on each game I play on them, I will withdraw from gambling there. There is no form of comparison between the business model of online casinos and gambling websites. The stark difference is very visible and incomparable. For example online gambling casinos give out bonuses - some of which include, No deposit bonus, Welcome bonuses, No wagering bonus and others. While a gambler may not need to deposit any money as to take advantage of some of these bonuses, I cannot sat the same of exchanges. Secondly, their business models are very different, which is the reason why you can get addicted to gambling online and spend the most of your savings there but you can't do the same with exchanges.

The requirements to pay fees may be reason why some people choose to stop gambling because of how much they hate to pay fees. It is enough torment for some people to pay the fees that exchanges charge, to be charged an extra fee to gamble when there is the potential to loose as well is unbearable. If I am charged a fee to gamble each time, I will reduce the number of times I gamble to the least.