🐺WOLF.BET - Advanced Dice Game 🎲 Sportsbook 🏟️ Slots 🎰 - page 16.

Bitinity

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Quote from: hopenotlate on November 12, 2021, 12:13:40 AM

Quote from: yahoo62278 on November 11, 2021, 07:55:22 PM

I am curious as to who sets the wd fees? I don't wanna go into detail too much but I have a particular coin on the site and the wd fee is over $100. That to me seems a bit crazy.

MY guess is it's a coin on the eth network : fees are insane last months and it's basically unusable if you move small amounts. It's becoming a serious issue imo.

It must be a coin on the eth network, just did a quick check and most fee of those coins on eth network are indeed quite expensive. Here is what I got from the cashout page under my account:
USDT erc20= 75USDT = $75
ETH= 0.01588 = $75
SHIBA= 1405035 = $75
SUSHI= 6.7 = $75
UNI= 2.97 = $75

Mostly $75 charged for the withdrawal fee of the coins on eth network. It seems that it is not fixed fee, but it depends on the network congestion as I just checked it again after the first check and it is already lower amount. Correct me if I'm wrong.

hopenotlate

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Quote from: yahoo62278 on November 11, 2021, 07:55:22 PM

I am curious as to who sets the wd fees? I don't wanna go into detail too much but I have a particular coin on the site and the wd fee is over $100. That to me seems a bit crazy.

MY guess is it's a coin on the eth network : fees are insane last months and it's basically unusable if you move small amounts. It's becoming a serious issue imo.

yahoo62278

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I am curious as to who sets the wd fees? I don't wanna go into detail too much but I have a particular coin on the site and the wd fee is over $100. That to me seems a bit crazy.

RichGang

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hey wolfbet. i feel once in a while you should appreciate guys that have wagered big like delta players and above with a little bonus. just a suggestion

LUCKMCFLY

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Quote from: foxymethoxy on November 01, 2021, 11:11:13 PM

I just use doge mostly. (Much regret because I used doge there as trash coin before the boom, lol. Woopsie. What was like $20 in my statistics is now $4000). Lesson learned, sort of.

I do find using USDT makes me more aware of how much I am spending. It's a little difficult sometimes to know just how much I'm blowing because I can't do the conversion in my head easily.

Anyway, wolf.bet is probably the only casino site I've been on where I feel both scammed and not scammed at the same time. The website is so provably fair that after just 100 samples testing of limbo at various payouts, it was almost perfectly aligned with the expected probability, with the exception that 20-30s never really showed up. This leads me to believe it is so fair, it may be exploitable with proper statistics.

As for exchanging, unless they charge some stupid fee or perhaps require you to only bank out with your original crypto, that's basically like giving you free access to an exchange with no maker/taker fees attached. Yes, you'll probably lose it anyway, but I don't think it's hard to grab some doge and start dogeing around. Even now it feels like monopoly money. It's sort of like taking quarters to an arcade at this point.

The use of USDT is a way of seeing your bets that they are on the right track, but nevertheless, it should be noted that sometimes when you bet on ejm with an altcoin only the brain concentrates on making the altcoin, to times the value in USD at the time of the game we do not take it into account, but in multiplying the altcoin more, although it is not bad to use usdt, I think it is taking away a bit of the emotion totally, well this seen from the point of view of Since the games Wolfbet offers are very good, and you have to take full advantage of them, it is only to have a balance willing to lose so that there are no regrets and if you lose it does not matter because you have enjoyed it, this is how I play here, in I apply the slots.

shield132

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Quote from: foxymethoxy on November 01, 2021, 11:11:13 PM

I just use doge mostly. (Much regret because I used doge there as trash coin before the boom, lol. Woopsie. What was like $20 in my statistics is now $4000). Lesson learned, sort of.

It is really a trash coin, no one knew that the price of doge would skyrocket, it's just illogical, people buy trash because one man says that trash is good. It's not your fault, at least you are not a supporter of trash blindly like others. Doge is a good lesson to learn and understand the behavior of people.

Quote from: foxymethoxy on November 01, 2021, 11:11:13 PM

I do find using USDT makes me more aware of how much I am spending. It's a little difficult sometimes to know just how much I'm blowing because I can't do the conversion in my head easily.

You can immediately convert the coins into USD and save that in your excel file. In one column write the current date, on another one - the amount of bitcoin and on another 3rd one - current value of those coins. Add and leave another column clear and after some price rises, compare the old and current moments, how much you would have kept if you haven't gamble. It will make you think more about the way you spend money if that's your problem.

I think Woflbet will soon fix all the issues that people have right now regarding to fees.

foxymethoxy

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I just use doge mostly. (Much regret because I used doge there as trash coin before the boom, lol. Woopsie. What was like $20 in my statistics is now $4000). Lesson learned, sort of.

I do find using USDT makes me more aware of how much I am spending. It's a little difficult sometimes to know just how much I'm blowing because I can't do the conversion in my head easily.

Anyway, wolf.bet is probably the only casino site I've been on where I feel both scammed and not scammed at the same time. The website is so provably fair that after just 100 samples testing of limbo at various payouts, it was almost perfectly aligned with the expected probability, with the exception that 20-30s never really showed up. This leads me to believe it is so fair, it may be exploitable with proper statistics.

As for exchanging, unless they charge some stupid fee or perhaps require you to only bank out with your original crypto, that's basically like giving you free access to an exchange with no maker/taker fees attached. Yes, you'll probably lose it anyway, but I don't think it's hard to grab some doge and start dogeing around. Even now it feels like monopoly money. It's sort of like taking quarters to an arcade at this point.

shield132

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Quote from: Haunebu on October 27, 2021, 02:28:43 PM

Quote from: Beparanf on October 26, 2021, 08:25:59 PM

Its good thing that Wolf bet use the average fee in Bitcoin because I saw many Casino that charge 0.001BTC flat rate on Bitcoin withdrawal fee no matter what is the status of mempool.

How exactly is a good thing? Wolf.bet is charging very high BTC withdrawal fee which is a negative point and there is nothing good about this. They need to learn from other sites which charge lower or zero withdrawal fees in comparison.

If they have to learn from other websites, then remember that some of them even have the worst cases. For example, Fortunejack offers free withdraw but at the same time they ask you to at least 2x wager the deposited coins. Is this better than what Woflbet has? I guess, no, personally I wouldn't even call that "free".
I wish if there was an option of: Low, Medium and Fast transactions and the fees according to it. It's more fair option and user will pay the fee according to how quickly he wants to receive funds. Btw manual fee transaction can be another ideal deal but haven't seen this kind of option nowhere.
To my mind, casinos shouldn't try to get some profit from withdraw fees and it will be even more appreciated if they pay half part of fees.

Quote from: hd49728 on October 27, 2021, 05:50:57 AM

Most of crypto exchanges and crypto gambling sites charge same withdrawal fee without consideration on mempool.

[Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos

It is fact that you must be aware of and must accept when you use crypto exchanges and gambling sites. Some of gambling sites waive withdrawal fee but they are not too common.

If you want to get cheap withdrawal fee, choose altcoins.

If they come up with exchange fees and you suggest us to choose altcoins instead of bitcoin, then these gambling websites should offer us built-in exchange. Why to deposit on exchange, then convert, withdraw and deposit on crypto casino? That's not comfortable and I think it's even better for casinos to offer built-in exchange, it can increase their profit in many ways.

RichGang

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Quote from: naim027 on October 21, 2021, 11:03:46 AM

Quote from: OcTradism on October 21, 2021, 08:13:42 AM

Quote from: naim027 on October 20, 2021, 09:17:23 PM

As you can see, Compared to BNB Minimum ($9.97) Withdrawal limit with the ETH Minimum Withdrawal limit ($125.24) is way high. Suppose a Player has $50 in ETH. At this moment, That Player has to make it $125 to withdraw it or lose them all.

Transaction fee affects the min withdrawal limit. Because casino can not allow withdrawal amount that is smaller than transaction fee.

They can waive transaction fee, charge cheap or expensive fee and you can look at the min withdrawal limit and think of your plan with deposits and withdrawals.

This fact of expensive transaction and withdrawal fee will result in more chances for altcoins with fast block time and cheap transaction fee. They will be considered to add by casinos and exchanges that in turn can help them to have support by community, investors, users, gamblers. They will help those potential altcoins to grow.

I agreed. But My point was, still there is a good business idea for not adding own inbuild exchanger. There could be a way to avoid that kind of transaction fee if they had an exchanger.

the casino doesn't want to let you go out from there.

they should give the option of claiming race, bonuses etc in alt coin. i dont use btc

hd49728

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Not your keys, not your coins!

Quote from: Haunebu on October 27, 2021, 02:28:43 PM

You could also simply switch to other crypto gambling sites that charge lower or zero withdrawal fees like Bitcasino, Stake etc because majority of the gamblers prefer withdrawing BTC instead of other altcoins.

Why? Because it's easier to convert to their native FIAT currencies through sites like LocalBitcoins etc when compared to altcoins -> FIAT.

I did not imply that anyone has to switch to other gambling sites. I implied that they can prepare for times when transaction fees are expensive on BTC, ETH network. I meant they have to prepare a few altcoins for their deposits to gambling sites and plans for withdrawals.

Some gambling sites only allow to withdraw the coin you deposit. Some gambling sites have marketplace or exchanges in their sites. You can swap between coins.

Haunebu

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Quote from: Beparanf on October 26, 2021, 08:25:59 PM

Its good thing that Wolf bet use the average fee in Bitcoin because I saw many Casino that charge 0.001BTC flat rate on Bitcoin withdrawal fee no matter what is the status of mempool.

How exactly is a good thing? Wolf.bet is charging very high BTC withdrawal fee which is a negative point and there is nothing good about this. They need to learn from other sites which charge lower or zero withdrawal fees in comparison.

Quote from: hd49728 on October 27, 2021, 05:50:57 AM

It is fact that you must be aware of and must accept when you use crypto exchanges and gambling sites. Some of gambling sites waive withdrawal fee but they are not too common.

If you want to get cheap withdrawal fee, choose altcoins.

You could also simply switch to other crypto gambling sites that charge lower or zero withdrawal fees like Bitcasino, Stake etc because majority of the gamblers prefer withdrawing BTC instead of other altcoins.

Why? Because it's easier to convert to their native FIAT currencies through sites like LocalBitcoins etc when compared to altcoins -> FIAT.

hd49728

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Not your keys, not your coins!

Quote from: Beparanf on October 26, 2021, 08:25:59 PM

Most of the Casino usually fixed the amount of withdrawal in Bitcoin to a certain amount to due to mempool issue as you said but sometimes they are slow to update it in case Bitcoin price increase and the mempool status is not heavily loaded with transaction. Its good thing that Wolf bet use the average fee in Bitcoin because I saw many Casino that charge 0.001BTC flat rate on Bitcoin withdrawal fee no matter what is the status of mempool.

Most of crypto exchanges and crypto gambling sites charge same withdrawal fee without consideration on mempool.

[Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos

It is fact that you must be aware of and must accept when you use crypto exchanges and gambling sites. Some of gambling sites waive withdrawal fee but they are not too common.

If you want to get cheap withdrawal fee, choose altcoins.

Beparanf

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Quote from: Oilacris on October 26, 2021, 06:10:16 PM

Quote from: Haunebu on October 26, 2021, 09:37:21 AM

Quote from: SquirrelJulietGarden on October 26, 2021, 08:27:14 AM

From crypto exchange to gambling industry, it has good success so far. It will be another meme coin that survive together with Dogecoin.

Musk is one of the primary reasons why this particular token became so popular in recent times. Observed him talking about it in various videos on multiple occasions. It's quite similar to Dogecoin in this aspect.

However, Wolf.bet needs to focus more on reducing BTC withdrawal fees instead of adding more altcoins since there are plenty of decent options available already.

If Bitcoin fees is dynamic then it wouldnt really be much a problem since it would just adjust on the current network mempool condition but
if its fixed then they should really make out some adjustments because not all would really be paying up a high fee if the current pool does
only require cents.

Most of the Casino usually fixed the amount of withdrawal in Bitcoin to a certain amount to due to mempool issue as you said but sometimes they are slow to update it in case Bitcoin price increase and the mempool status is not heavily loaded with transaction. Its good thing that Wolf bet use the average fee in Bitcoin because I saw many Casino that charge 0.001BTC flat rate on Bitcoin withdrawal fee no matter what is the status of mempool.

batang_bitcoin

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Quote from: Stedsm on October 26, 2021, 06:32:29 PM

Quote from: batang_bitcoin on October 25, 2021, 01:47:58 AM

Actually there's no risk with the casinos who will have an exchanger. The risk only comes if they're the one who's going to have their own exchange inside their casino but many of the casinos that has their own exchange insides are just integration of a 3rd party service.
They just have to connect their customers with an exchanger which is the 3rd party and it will do the job for those customers that want to exchange their deposits.

I've seen a few casino and dice sites which have their in-built exchangers where you can directly exchange your coins to all types of coins that are available for withdrawal on those sites. But the catch, the fees were high compared to what you'd generally pay on an exchanger outside if you go there directly (this also applies to third party exchangers involved in the casino/dice sites because these sites also add up their commission plus the exchanger's fee).

Yeah, those casinos that have exchanger and asks for a huge fee per trade is likely a commissioner from an outside service. They're just going through and referring it to the service provider. That's lucky are those that have known an exchange with a low fee because it's part of their casino and they don't source out the exchange with an outside service.

Stedsm

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Quote from: batang_bitcoin on October 25, 2021, 01:47:58 AM

Actually there's no risk with the casinos who will have an exchanger. The risk only comes if they're the one who's going to have their own exchange inside their casino but many of the casinos that has their own exchange insides are just integration of a 3rd party service.
They just have to connect their customers with an exchanger which is the 3rd party and it will do the job for those customers that want to exchange their deposits.

I've seen a few casino and dice sites which have their in-built exchangers where you can directly exchange your coins to all types of coins that are available for withdrawal on those sites. But the catch, the fees were high compared to what you'd generally pay on an exchanger outside if you go there directly (this also applies to third party exchangers involved in the casino/dice sites because these sites also add up their commission plus the exchanger's fee).

Oilacris

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Quote from: Haunebu on October 26, 2021, 09:37:21 AM

Quote from: SquirrelJulietGarden on October 26, 2021, 08:27:14 AM

From crypto exchange to gambling industry, it has good success so far. It will be another meme coin that survive together with Dogecoin.

Musk is one of the primary reasons why this particular token became so popular in recent times. Observed him talking about it in various videos on multiple occasions. It's quite similar to Dogecoin in this aspect.

However, Wolf.bet needs to focus more on reducing BTC withdrawal fees instead of adding more altcoins since there are plenty of decent options available already.

If Bitcoin fees is dynamic then it wouldnt really be much a problem since it would just adjust on the current network mempool condition but
if its fixed then they should really make out some adjustments because not all would really be paying up a high fee if the current pool does
only require cents.

They are adding more alt coins and there would be no exemption into those coins which are currently popular or been hyped since
they do know on whats the power of hype.

It might turn out that Doge is much more better but having Shib wont really be putting any harm to them.

shield132

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Quote from: lupandina on October 24, 2021, 05:34:42 AM

I'm not surprised that some casinos doesn't want to have an inside exchanger. It's risky and takes efforts.

Will make a very simple, even childish example, why I wouldn't implement an exchanger if I would be a casino owner Grin

Two players came. Player A made a deposit of 0.01 btc, player B made a deposit of 0.01 btc, and both decided to exchange it to xrp for playing. At that time price I (casino) credited to their balances, let's say, 500 xrp each.

Player A had a nice run, made his balance to 3000 xrp and now wants to withdraw it. Where the heck I should get these from, if there weren't any xrp deposited? How much of each coin should I hold "just in case"?
While player B didn't win or lose much, and now wants to exchange his same 500 xrp back to btc and withdraw it. Problem is - prices changed, and now it's worth not 0.01 btc, but 0.012 btc. So I didn't earn from him any, but still need to pay extra from my own pocket?

Ofc sometimes it works in otherwise direction, but still - risk is too big.

Logically, casinos shouldn't come with their own exchanges. In fact, casinos have a lot of partners and service providers when it comes to different games. For example, casinos have an agreement with live casino suppliers like Evolution for Live Blackjack, Roulette, Baccarat and other live games. They have an agreement with betting providers who will make odds for their sportsbook. They have an agreement with slots service providers to implement slot games on their website. Do you see? Not all the things come out directly from casino. In fact, it's a big house of different kinds of agreements. That's why they don't run their own exchanges, it's just impossible to keep the reserves always filled in different altcoins if you aren't already an exchange (and it can be financially very unprofitable). They just partner with exchanges and that's all, they get all in one - smooth service and good rates from exchanges.

Haunebu

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Quote from: SquirrelJulietGarden on October 26, 2021, 08:27:14 AM

From crypto exchange to gambling industry, it has good success so far. It will be another meme coin that survive together with Dogecoin.

Musk is one of the primary reasons why this particular token became so popular in recent times. Observed him talking about it in various videos on multiple occasions. It's quite similar to Dogecoin in this aspect.

However, Wolf.bet needs to focus more on reducing BTC withdrawal fees instead of adding more altcoins since there are plenty of decent options available already.

SquirrelJulietGarden

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Quote from: finaleshot2016 on October 25, 2021, 11:49:30 AM

Shiba Inu is definitely a gambling token right now; I didn't anticipate it to go as far as Doge. Shiba is currently arriving wolf, which is fantastic news for wolf bet users. This is definitely a major changer for the platform, since I've seen several people abandon other platforms in order to use Shiba in a gambling site.

I didn't expect Shiba to acquire a lot of traction in the crypto community, and all I can say is that it was well-played.

Fast transaction and cheap token that are good enough to be used for gambling. Shiba Inu succeeds with its noise and the community accept it so far. It is not the cheapest altcoin in price and has fastest transaction speed but it has two advantages, noise and adoption.

From crypto exchange to gambling industry, it has good success so far. It will be another meme coin that survive together with Dogecoin.

TheGreatPython

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Quote from: batang_bitcoin on October 25, 2021, 01:47:58 AM

Actually there's no risk with the casinos who will have an exchanger. The risk only comes if they're the one who's going to have their own exchange inside their casino but many of the casinos that has their own exchange insides are just integration of a 3rd party service.
They just have to connect their customers with an exchanger which is the 3rd party and it will do the job for those customers that want to exchange their deposits.

I fully agree, there should be third party exchanger that helps the casino, that way the casino itself doesn't have to build a whole new exchange because it would make their job easier. However the idea of "if player wins and he has more xrp, where will he trade it, there is no more xrp deposited!!" is not really a good case. I mean exchanges have countless amounts of coins and people trading it, with high enough volume in everything, not only people will be able to withdraw whatever they want to, but people could even arbitrage it based on the price at other places and keep the price in check as well.

Moreover it depends on how many people will use it, but the exchange will always have enough money to suffice a whole bunch of traders let alone gamblers trying to withdraw or trade to gamble with another coin. I still think no casino should do that, third party is easier anyway, but it is also not impossible to manage.

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