Topic: Your opinions on Online Gambling and Bitcoin - page 5. (Read 4140 times)
I am not totally against gambling but I am not for it either...I have had personal experience with gambling where I lost a lot of money before I finally got out of it...anyways in my opinion Gambling should be regulated...also if there is no house edge mate you won't be able to keep the site sustained and might go broke in no time. Advertisements will only bring in so much after all.
Click the link on the right hand side of my signature for my opinion on gambling.
Yeah it's all nice in theory but you won't make any money and would most likely soon be broke if house doesn't have an edge. That's why it's called gambling. Yes extra traffic would generate more money, but you would also lose more.
Hello Everyone,
I am a young entrepreneur and I want my niche to be online P2P gambling, with no house edge. ...
I am a young entrepreneur and I want my niche to be online P2P gambling, with no house edge. ...
You should seriously reconsider that idea.
Bitcoin gambling market seems to be already saturated and P2P is particularly the hardest one to start. Not to mention that there already are P2P betting sites (bitbet.us, peerbet.org and probably few other).
...
Yet, recently governments (UK, Canada, Italy, etc.) has begun to offer online gaming as a way to generate taxes. Does government ownership of gambling make it more legitimate?
Yet, recently governments (UK, Canada, Italy, etc.) has begun to offer online gaming as a way to generate taxes. Does government ownership of gambling make it more legitimate?
No. If anything it can be the other way around. If gambling is made illegal with exception of government owned entities, then such gambling operators are in monopoly position and don't really have to care about providing fair odds, transparency etc, and are likely protected from any type of control.
I remember heavy rumors, a few years back, about Lotto results being manipulated in Italy and also in Poland (iirc).
i think that online gambling should be regulated in some way, now with bitcoin, people feel even more secure to gambling(it sound like an oxymoron) but really it is the true, maybe put a limit on the bet or something?
because many of them can't stop playing until they lose all(and i know how they feel fortunately i have good selfcontrol), and with bitcoin i find that it is even worse then regular fiat, because they can play with more anonimity
I agree, bitcoin gambling services should be more regulated and taxed. It's not bad enough that many gambling sites ruin lives but they probably don't even pay taxes or worse they don't have a license to run gambling business. More laws and regulations should be made to control the online gambling to make it safe and better. because many of them can't stop playing until they lose all(and i know how they feel fortunately i have good selfcontrol), and with bitcoin i find that it is even worse then regular fiat, because they can play with more anonimity
i think that online gambling should be regulated in some way, now with bitcoin, people feel even more secure to gambling(it sound like an oxymoron) but really it is the true, maybe put a limit on the bet or something?
because many of them can't stop playing until they lose all(and i know how they feel, fortunately i have good selfcontrol), and with bitcoin i find that it is even worse then regular fiat, because they can play with more anonimity
because many of them can't stop playing until they lose all(and i know how they feel, fortunately i have good selfcontrol), and with bitcoin i find that it is even worse then regular fiat, because they can play with more anonimity
Hello Everyone,
I am a young entrepreneur and I want my niche to be online P2P gambling, with no house edge. I believe this is a system where by provably fair sites can remove some of the stigmas associated with skill-based and chance games, as well as provide educated people (statisticians for example) and long-run method by which to make real returns from their knowledge despite an economy that undervalues their skills (even though they're paid more than the poultry that goes for average these days).
Anyhow, I understand that there are many counterpoints and draw backs from what I have said. We are aware that gambling has ruined lives before. Yet, recently governments (UK, Canada, Italy, etc.) has begun to offer online gaming as a way to generate taxes. Does government ownership of gambling make it more legitimate? Are the government's imposed limits a big difference in when it comes to the application of these devices? Are some governments/regions/jurisdictions more progressive than others?
This conversation is of particular interest to me so thank you for any and all input.
Open Ocean
I am a young entrepreneur and I want my niche to be online P2P gambling, with no house edge. I believe this is a system where by provably fair sites can remove some of the stigmas associated with skill-based and chance games, as well as provide educated people (statisticians for example) and long-run method by which to make real returns from their knowledge despite an economy that undervalues their skills (even though they're paid more than the poultry that goes for average these days).
Anyhow, I understand that there are many counterpoints and draw backs from what I have said. We are aware that gambling has ruined lives before. Yet, recently governments (UK, Canada, Italy, etc.) has begun to offer online gaming as a way to generate taxes. Does government ownership of gambling make it more legitimate? Are the government's imposed limits a big difference in when it comes to the application of these devices? Are some governments/regions/jurisdictions more progressive than others?
This conversation is of particular interest to me so thank you for any and all input.
Open Ocean
Jump to: