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Yup. Just like what the title says. I have recently been recommended or referred (since it was a referral link that got me to register) by a friend of a friend into an online sports betting site. Being new to such things, I thought I should ask opinions from veterans here whether such things do exist or not. Although that friend claims that he had already made huge amount of cash from this site, I am still pretty skeptical and haven't topped up yet. But I gotta admit it is pretty fun and appealing to me, just wanna make sure before I put some money into it.
I would really appreciate some online gambling veteran insight :))


Edit: this is the website - lmb.cc (http://lmb.cc)


Another Edit: I have tried the website out since I had a few extra profits on binance just to get it over with. Sent about 10k php and is now 12+k.
will be updating in a few weeks if I manage to get back my capital plus profits or I get scammed.

- One thing I've realized though is that it is pretty rare to get authentic help from people you don't know and so if you don't have anyone you know that can answer your questions, test things out yourself though you may suffer consequences, at least you save yourself from the hassle of being ridiculed or explaining you're not a scammer or anything.


Also, many thanks to everyone who have answered me seriously and had real intentions to help. I believe in good karma and so I hope someone helps you guys as well in times of need.

Another edit : I'm up 14k+ now

Another edit : apparently there are issues going on about LMB right now and the TG is not recieving messages anymore just a bet signal and a note that users who top up more than 20% of actual account balance will have hastened withdrawal processing time. Now it is really looking more of a scam.

Haven't tried withdrawing funds yet just to see what'll happen although I already know what will. Just trying to give it some benefit of the doubt I guess.

And for the one accusing me of changing the link or whatever to avoid suspicion of some sort, I didn't. And most of the people who were in this thread earlier than you can testify on that. The feeling of being at the recieving end of accusations isn't good. Hope it doesn't happen to you people.

Edit (April 25, 2022, 01:25PM):

Okay, so I am already up 17k+ but the withdrawal and deposit buttons have disappeared as seen below and the telegram is blocking messages now. Seems like the scammers finally decided to rake in the net.

With what I understood, the site was claiming to be a charitable something and they give signals for bets and the signals they give never lose so it seems with the time I've been there. So up to now, I really cannot confirm as to whether they would really return the money if bets ever lose. But yes, if by a miraculous chance they decide to come back(which is impossible in my opinion), I will post an update on this post.

This has been an amazing learning experience for me both in scams like this and the way some people are too lazy to look into details more and choose to accuse and conclude right there and then because it's easier.

Anyway, I hope that this experience that I have shared here would be able to help newbies like me in the online gambling space to avoid getting scammed or the hassle of having to ask random people about such things.

And once again, thank you so much for the people who genuinely tried to help me.

https://i.ibb.co/prPb6cZ/Inked-Inkedlmb-LI.jpg

Not pretty fun and appealing.

There are betting sites like that, even most betting site are having such feature now because they are using it to make profit.

Assuming you take club A to win club B with $10, 2 odds. That means your profit is $20 if you win.

If the match has started and they are playing draw, the $10 you stake will be reducing drastically as the match continue with draw or the other team is winning, or you can cash out if you think the match can end draw or club B would win.

If club B score 1 goal, the amount you want to cash out will reduce to the amount you do not like, and the more the match goes on, the money will be reducing.

It can get to a point the cash out will no more be available.

Cash out will still be in a way the person would have been losing some amount or would no more be available.
I will advice you to just take gambling as fun and play your game as fun, anything can happen. I have long time not going for cash out again, I use it when I was addicted to gambling unlike now. I take a club or team to win and I do not care if anything happens as I use the amount I can afford to lose.

Maybe it's a good idea to follow your advice to join him, who knows if you follow him, you can also earn a lot of money as he said. If your friend can make a lot of money from online sports sites, he is a veteran too. And if he is a close friend to you, maybe I will follow his advice but don't use big money because I am afraid to see big losses ;D

Well, that's up to you. Which one will you choose ;D

You should ask your friend, who has referred you to the sports betting site you are referring to, details are true or he is lying.

How sure are you of your friend, you say it's fun, of course we can't say here that the bet you mean is good for you, you yourself don't show what sports betting site you registered.

Seriousness you want to make a deposit, it depends on you, the bottom line: your friend has more information than us here, because he referred you to bet.

No insight, high risk gambling, your friend is more knowledgeable in this matter, except: you show us the site you mean, who knows There are experienced members on the site you are referring to.

Did you ask if there is a membership or rankings on the betting site? They offer more with VIPs or like bronze, silver, platinum ranks and maybe he joined it and has some perks. I have not experienced that yet. Most betting sites I used were just giving back the bet money because a game was VOID, that's it. Or if you are using player props, it's because the player didn't play even for one minute.
Why don't you share the site so that we could also check it? Didn't he mention it yet?

Reading the responses, I say it's fun and appealing because sports betting has been fun for me ever since. It's just that I have not tried taking this hobby of mine online. Besides, wouldn't it be appealing to have fun while raking in massive cash? And about trust, I cannot trust that friend I mentioned a 100% since he is just a friend of another friend of mine whom I barely even know. And yeah, just placed the link to the website above since I forgot to mention (thanks for reminding me)

Either you are a scammer, your friend is a scammer, or that site is going trying to sucker in as many depositors as possible before running with everyones money. The very fact that you are even suggesting that a sportsbook returns your money on losses and presumably returns your money plus extra if you win, makes me think you are in on this whole scheme. Simple logic will tell you that sportsbooks are not a charity, they are around to make money and how exactly are they making any money if they just give back bets if people lose? The very basis for placing a bet is the element of risk, the sportsbook accepts the bet because they find an acceptable price for taking on the risk that they will win instead of you. You really deserve full red trust for pedaling such ideas.

I am pretty sure they find other creative ways to screw you over. If it sounds too good to be true, it usually is. Either their rates suck or they randomly enforce KYC or something else. This kind of stuff won't let the casino make any profits and if the casino can't make profits it will go bankrupt. Since the house can't go bankrupt, in end it must be the players that pay for this feature. You are wise to be skeptical about this.

There's no wrong if you try to follow your friend's advice, as long as you only bet a small amount first so that if you lose, it won't hurt you that much. After all, you won't know if he's telling the truth or not unless you're going to experience it by yourself. But always remember that once you're into gambling, never expect winning all the time, you will surely lose but somehow if you get lucky, you will win an amount more than you lose.

That is quite a strange thing. This is definitely the first time I have heard of sports betting sites that return your money when you lose. Why would a betting site do that? Is that even gambling at some point?

Maybe you are talking about losing but getting a small amount of your winnings back? Perhaps that could be seen as a marketing tactic to get more people to visit their gambling site.

In any case it sounds fishy to me and I would probably steer clear of that site. Might be a scam. DYOR.

i don't know if the site is legit but checking the site it says it has about 221k online. I have the impression that this is not authentic. I couldn't find any review from trustpilot also considering that they have tons of users. Be very cautious sending money to this site. Never heard this bookie in the forum. If they have that number of players, the name should have brought up in this forum.

You can also check the rating here - https://www.scamadviser.com/check-website/lmb.cc . It is very low, so maybe, see for yourself if you do really want to try this site.

That's not sports betting at all because terms like that in real sports betting do not exist.

When they return your money when you lose, they are like giving you free money. I'm sorry, but it sounds like a Ponzi scheme to me, and I also have some friends who market that to me but I never check the details of the site since the offer alone is too good to be true.

I have this belief that anyone claiming to be earning huge amount of money doesn't participate in referral programs. He may be your personal friend in real life but have you seen proofs of his claim?

The site has been registered in 2017 but I can't tell if the domain has been bought and change to a sporsbetting site recently.

Is it just me I access the site on two browsers and this is what's showing I checked all the comments and you all don't see the same thing I'm seeing based on the title and post a description of OP such casino is not existing, casinos are profit-driven how are they are just going to return what you bet, sounds too fishy for me.

https://i.imgur.com/MeH5hmO.png

That website domain doesn't even look good to me. So it's a hard pass if a friend of me wants me to pull over and join him as he makes "money" from that website.
Your question through title is your worry and if you're in doubt then you better don't go. There are other casinos that are reputable and won't come to steal your money. And seeing those images from this website, well, it's fishy and even the numbers online it's around 200k people online at the same time? Well....

Quickly looking at the site and doing some researching:


https://www.scamadviser.com/check-website/lmb.cc

Hmm, it has a low score, so I doubt that veracity of the claims.

So I would rather stay away from it, and better just stick with crypto betting sites that has gain reputation here.

What the hell is a bookie that returns your money, that's not a bookie, that's a scam trying to look like a sportsbook and are doing a really bad job at it. If you're really keen on betting, just use any other reputable sportsbook out there, why bother trying out a dubious one. It's a friend of a friend, that's basically a stranger ain't it? Pretty sure no one in their right mind would willy nilly follow a recommendation by a stranger (so OP did a gj asking around first).

And most importantly, just the link itself looks dubious. Hard pass for me.

LOL can't believe anyone will believe that if you lose they'd return your money after. This bookie is not even popular to do something like what other sportsbookie are doing and they thought of giving away? If it's for gambling, they are up to taking money from users unless you won.

There are typos in the slides and not even english so it won't take time maybe after seeing deposits reach up to $500, they'd figure it's enough to shut the site.

Myself too had the same thought, because every gambling site focus on profit and they doesn't want to go bankrupt. As said this is something a new kind of scam to target gamblers. As more cryptocurrency accepted gambling platforms are emerging regularly they might've thought of creating a new plan to scam. It is like, they'll try to make a little out of the plan and go away.

I don't want to click on that link.Seems too suspicious to me.
Sports betting platform refunding your money when you lose?
1.It doesn't make any sense.How are they going to make money,if they refund all lost bets?
2.It sounds too good to be true,which means that it is too good to be true.Which means that this is a just a scam,trying to deceive many gamblers with false promises.
3.I assume that this "friend of a friend" tried to refer you to this website,only for the sake of getting a referral commission or something.
I would stay away from such websites.

I didn't visit the site but only saw it from what @robelneo showed. I wonder how come that site was a good sports betting site for your friend. But I understand if that works for your friend, and I think you can join him. But I guess the site is not legit like the other site, but I don't know ;D

What if you suggest your friend join you playing sports betting sites from the sites you know well here? I think he will like to see that you have many good sports betting sites.

Some sportsbooks do offer certain promotions like money back or insurance on specific markets when you lose but there are certain terms and conditions that you have to follow like max and minimum stake, eligible markets, etc. But the site that you linked seems fishy though so it's better to stick with the reputable ones and avoid the lesser-known bookies even if they offer way better promotions.

Specifically this and it's tough to believe the offer from his friend when bigger bookies can't afford to refund most of the losing bets.

It seems suspicious and I don't trust that kind of betting site, I feel like it's a scam cause of my own experience, my friend did invite me to the betting site before like an online casino, it seems good to me and I try it. I put my money in and the saddest part is that I had to refer other friends so that I can cash out. You can have a profit by referring it to your friend so the more people join your referral the more profit you can make.

Lesson learn I don't trust any betting site anymore  :'(

If he is claiming to be His friend then i think it is safe to follow right? not unless it is not His real friend instead just someone he use to know then best to think twice.
or at least if the site can be configured as legit and trustworthy then why not?
but for me? i am afraid of believing if the promise is too good to be true.
that is not what i tend to believe and that is not what i go and grad easily.

I can't even access this website, it's hard to give you an advice here if you should put money in it or not. The link already looks very wierd for a website to be honest. Maybe it's blocked in my country or by my provider, both of it doesn't sound very good. I don't want to say it's fake without looking at the site properly, but using VPNs for gambling or sports betting is not a good option also. The whole offer that the bookmaker would cover your losses if you lose sounds misleading. How are they going to make money then if they pay for you? If you win they have to pay and if you lose they also have to pay. If this is true than the company would be out of of business very quickly. Would be needed to check the fineprints of the terms to see what exactly is included in that promotion. There must be some limits to the offer, can't believe for that to be a constant opportunity.

Most of the well respected casinos are offering the option to cashout at almost anytime if you feel for it,of course certain conditions should be met like the score to not be for your team to be losing by 3 goals and you want to cashout as that doesn't make sense,but if your team is leading 1-0 you can cashout with a much lower odd during the live game,or if the game is draw and is just started by 20 minutes and you see that your team is not playing well you can cashout less money than your initial bet in order to save some money.

These options are much better than any cashback when you lose your bets.

The site based on the link provided by OP is really weird it's not only you, I even posted a screenshot in my early post, we already have hundreds of sports betting sites but none of them can offer what OP is posting on what the site is offering, that sports betting have to explain first how they can sustain their site if ever he creates an announcement but I doubt they will since we cannot read the TOS of the site, it's vague and what they offer is bogus.

I've started reading again the responses in hopes of getting some good advice and I am very very thankful for the ones that genuinely wanted to help.

But I just got to say, wow. I am dumbfounded of how someone can be looked down upon, ridiculed and accused just for asking for some sinple insight about something he doesn't have any idea about. I mean I ain't perfect and may have had lots of lapses in explaining my question but is it really that awfully expressed that it would make me deserve such treatment? For heaven's sake! I already said I am not familiar with this yet and so I went looking for insights from people who knew better than me. I didn't even place the link at first and only did so because people were asking for it saying it would make determining the legitimacy of the site easier. And I'm very sorry I couldn't tell much about it since I really don't know what to look for or where to look for something. Heck, I'm even afraid to click links on that website.

I may not know a lot yet about these things but I sure know what respect is. If you don't have the intention to help, at least don't ridicule or accuse me so easily just for seeking out insights about something I don't know. No one is forcing anyone to respond to my post anyway so what's the point? Makes me wonder. Disgusting.

Hate me or not, this really pissed me off and just had to say something about it.

Again, thank you so much for everyone who responded that wanted to help genuinely, I really appreciate your advices.

Hey !
You tell me, can you find a site which gives you money back when you loose again and again when at the end of the day they are still up and running?
How would a site continue to provide such Promotions? If they wanna stay in business? There are numerous sites which have promotions like :
1. Cashback on your first bet
2. Cashback if your horse finishes second ( even tho am against horse betting just citing here for educational purposes)
3. Cash back for a VIP member
4. Cash back for times like Christmas, New year etc.

The promotional offers are pretty limited therefore you must understand that of a site promises you over, I would never touch it. But you can definitely enjoy, they can give you an illusion that you are getting your money back but actually what's gonna happen is, you are going to loose a lot as well and it would equalize after a while.

Therefore it's all just an algorithm to keep you playing.

Its definitely skeptical to trust because even your friend have experienced in it, wherein, he successfully made a withdrawal and already tried such cash back features it still not a valid reason to join immediately because that platform isn not even popular and seems new..
Actually i didn't click the link, but i have doubts its some sort of strategy to convince players and there's a possibility it will suddenly disappear without knowing. Lol

Should really be on this way or much preferable but since he's that keen enough to mind off about the differences then just let him be but at least you had already made out some explanation above which is totally on point.

You would really be mindful on when to get out if you are still able to do so.Not all or some betting sites does really offer than but most of the time they would really be closing that withdraw option on a particular time.

Btw, @OP that website isnt known nor heard of on this forum though.Site design looks awful. lol

The question deserve an answer because is not believing that sport bet will refund your money if the bet is against you, those their operating Cybers workers in what way they pay their workers. Their is some thing that what of understanding and trusting,

One of my friends had also used this site, you can really see that their money is growing every day, there are no losses had to happen to them in every bet they made. That is really tempting, in fact, many professional persons are already joining and they had never thought about the legality of the site, they just think about the money. But what if one day if the sites close they can no longer get their funds from the site?

This is what I'm worried about to the latecomers and those who are still holding their funds in their accounts.
SEC issues cease and desist order against LMB Football (https://mindanaotimes.com.ph/2022/03/25/sec-issues-cease-and-desist-order-against-lmb-football/)

What are they going to earn if they will just return the losers money? and if this thing is real then you will only just win and earn. This is a no-risk gambling at all but anyway I tried to visit the link and there's a "charity" word next to url but indeed they are like a charity but I still don't think this is real.

Stay away from this site at any cost. Anyone can make a good looking site and put some attractive text only to make it appealing but in the end they will just scam their users. You shouldn't focus on those details alone.

If you want a legit sports betting site, there is a couple of good quality and trusted sites here in the forum like sportsbet.io, stake.com, etc.. but except for 1xbit because they are a scam.

Many gambling platforms has this feature so gamblers can have alternative to either continue to wait for the outcome of the match or have another thought to withdraw from the final outcome with lesser pay. It may looks like the gambling platform will make losses from this feature but they have good chances from many more profits form it.

 My profits had been reduced countless of time because of this feature because me having fear of lossing big on bets.

Most probably you can get something from playing on a site but its too impossible for a site to give back all your losses because that is not what gambling's for. If you play on casinos, you can get some playing points where you can use on other things and that could be your bonus for playing on their casinos, but its not literally your money and I never heard any site to do refund all your money.

I tried to open the link, but the site says access denied.
Maybe the site is banned in our region. But I am amazed to see the sports betting site returning the money if you loose. What do they do? They give money if you win and they give money if you loose? Seems unreal.

I think this is the same on one of the popular schemes right now in PH, the BF Football. Although on this platform, most people I have known are claimed they already earned thru the daily tasks and massive referrals and commissions. I'm not just sure if they actually do some cash out or their earned money is just a display currently on their dashboards.

Since your friend shows you that earnings are real, we can say that they are actually paying "for now".

But as usual, when it comes to a platform that mostly promotes referrals, we can consider that as the only thing to continue running the site. What if the referrals stopped? How can they sustain their operation?

A gimmick to make people curious about this and so far it's successfully to converted some clicks and even a registration through this kind of marketing strategy .. not really a full refund when you lose .. of course there is no business doing this unless if they tend to do the charity.

Cashing out the bet while your bet losing? It is , the gambling provided that feature thesedays and quite popular though.

The site is unclear it's not clickable, the domain is unsafe according to one article


https://www.techtarget.com/searchsecurity/answer/Does-cc-domain-malware-demand-domain-blocking

It's not recommended for a casino to link their casino to a .CC domain and if it's true that they are returning your money when you lose, how can they sustain and how about when you win, will they allow you to withdraw any project that offers you unbelivable offers are dubious, and have hidden agenda.

You didn't mention that they are returning money when you lose the bet or lose the game?

If you are saying the site returns money when you lose the bet then you can simply assume that you are in a scam site because they can't make profit if they don't make any money and I hope you will understand how casinos and sport betting sites are making money then you won't expect them to give it back when you lose.

Yes it is incomplete what i believe , i checked the Link yet that is direct link in site and not what OP is asking to be answered .

Maybe op needs to refresh this thread and put a complete details in the above .

Because how can we share opinion when we don't really understand what he tries to ask .

This LMB Football Sportbetting shite is recognized as an investment scam^[1] in our country, which surprises me. And if this type of platform has a negative track history in the SEC, it's a hard pass.

It is disgusting to see that all of the red-flag you can think of are present in this garbage.

[1] https://www.sec.gov.ph/advisories-2022/lmb-football/

If that happens, I wonder how the site can make a profit, whereas if the player loses the bet, the site returns their money.
But if it really happens, then it's an advantage for gamblers because they won't lose money at all in gambling ;D
But that is only in dreams because the site will not refund us if we lose.
Let's just hope that we won't lose much money on many bets so that we won't be too sad.

The link is not also working here, maybe they have revoke the link to the website or is invalid. I think what op mean is that the gambling site will refund part of your money not when you loss the entire bet but when one or games loses. I have seen many gambling sites like this where you can cash out when you think your last game might not win the best and not the tire game. This kind of features is not new in gambling platforms.

I cannot see the logic in such an offer. I have never encountered such a sport betting site. Whether such a site exists or not, I cannot be sure. However, my sense of logic tells me right away that such is not possible at all. Gambling sites are created to make money. If a site would give back a wagered money because it lost and would give the prize when it wins, then the company is operating like a charity.

I need more details, but I'm almost sure there is something that hides in their terms and conditions, if ever this kind of site is existent. The devil is always in the details.

If we can only check what's on the link we can read what's on it but the site is unclear and pages are not clickable we cannot extract information, and the idea of a sports betting site that returns your money when you lose is not existent and cannot exist, its not sustainable, no site can stand not even for a week, it may even be a scam and just lure people to deposit.

no one guarantees money can be returned if I see it because from a scheme like Ponzi, the end is entered in VIP for various reasons, just logically when you buy a lottery at street vendors they promise money back when we lose when you demand it from the seller it will definitely there are many reasons they give without giving results, all bullshit, they just give false promises , sorry a little emotional

Yes, that's right. There is no guarantee of money back if we lose. If there's a casino that promises that, maybe it's just an attraction to attract more people to play. But in the end, people will find out that it is not true. We have to be careful if we find such ads and better not try them if we do not want to experience bad things. There are still many good casinos that we can use to gamble without taking risks on attractive offers.

Me being a gambler whenever I read and listened to the advertisements of gambling sites saying theres a money back guarantee when you lose I already felt its too good to be true. I mean, whose businessman will allow this to happen if this is the only way for them to earn, gambling sites or gambling establishments earned a profit from the losses of gamblers which if we remember that the house is difficult to defeat in gambling because that's the way they earned, so definitely for me there's no such thing like this, there is no guarantee of money back when you lose that's why as a gamblers we should have a self limitation on our gambling activities.

It is obvious that your friend wants to receive bonuses from your deposits when you will register through his link. But there is nothing wrong with that. :) Online betting can be interesting entertainment if gambling doesn't tighten you in and you don't play for big money. Different sites have different programs, bonuses and the ability to return your bet, even during the match. Once I bet on a team to win and they scored in the first half, I looked at the refund and was offered to refund my bet with a small win before the end of the match, it was funny and I wanted to try how it works. I returned my bet with a small win, and this team ended up losing. :) Try to treat it as entertainment, then everything will be fine!

Did you try that for about $191? it's too big in my personal opinion, if you win and get lucky it's very good for you, I just want to give advice at least if there are references to something similar then you don't make a big deposit, just under $100 or at least $50 if you lose it won't feel stifling. Wish you luck.

Okay, I'm getting a bit nervous about this LMB thing since just hours ago, another platform similar to LMB which was LFC(I think) had its users including another friend of mine to be locked out of their accounts unable to log in and of course withdraw their capital and winnings. He also said 20m just disappeared fast. So my, and my friend's conclusion is that they have been scammed already.

Many LMB users are also panicking but none has exited yet tho. Some even topped up even more. I saw screenshots with time and date that had huge deposits. These people are really brave, I don't even invest amounts like that on a single top 10 altcoin. Anyway, more updates in the coming days.

It's quite clear that this whole site is a sham and a scam. The way the original poster even posed the question makes me think they are in some way connected to the whole operation, because nobody in their right mind would assume that losing bets would be returned - it undermines the whole point of a sportsbook, which would last about 5 minutes if it operated such a model. It's very useful to see that even the domain extension they used for it cannot be trusted, most likely because it is a free option and that helps keep this really low budget. They're literally trying to entice one or two people to deposit, after which they will run away, rename it and repeat.

I also don't understand why they can trust that amount of money to sites that don't have credible reputation?
Maybe, they are just also trying their luck to get more money out of it.
But sites with shady operations, you won't expect that you will get your money back.
Once you have more updates, please share it to the community, so people are aware of what may possibly happen to their funds once accessing those sites. Thanks.

It is obvious that such an honest site cannot exist as it will simply go bankrupt. What will be the profit of the business (even just covering losses to maintain its functionality) if it gives money to the better even in case of loosing?
If we are talking about a partial refund, then this is implemented by many bookmakers and casinos, but you need to understand that the refund is a small percentage of what you lose on average.

If the site is just giving free money, i don't think if its legit anymore. Don't be too greedy with the offer, always look for a red flag that will eventually tell you that all are just a scam. Once you gamble, there is always high probability that the house will always win, and not the players. But in this case, it seems that the players are not really in a loss, so definitely a big ponzi scheme.

Is there a site that refunds its users if they lose? if there is of course maybe the site is just like a charity site ;D, all gambling sites are designed to benefit from their users, the losses that users get are an advantage for the site, so it doesn't make sense that the site will refund users' money if those users lost, then than they could have benefited all this time?
From a business point of view of course that is not the right step in developing a gambling site but in terms of marketing it will certainly be an attraction for new user, but in the end the site will only be accused of cheating by its users if later they don't do as they say, so I think better be wary of sites that offer something beyond logic.

This is gambling as far as I know and the moment you gamble you can’t get that money back same thing with this kind of Ponzi scheme, if you trust them you’ll end up losing the money. You can’t just put money on a place you are not familiar, if you do gambling expect to lose money because there’s no legit site that can still pay you even if you lose on your bet or in a game, if there is a site like this most probably they are already bankrupt. 

I just saw some post from social media about LFC scam, no idea about this scam thing inside PH but with what I have read users needs to deposit 20% of their withdrawal amount before the platform will process their withdrawal to my surprise there are people who allowed that and deposit more, as they are now scam twice by LFC.

On your side about LMB, I also don't understand why such a risk to take after getting some hint that the business may follow LFC?

If you already gain from this ponzi, better to withdraw now while you can still get your money. Better to have small profits
compared to losing it all together with your initial deposit.

I've read the edit on your original post OP. By the looks of it, you're doing good and congratulations to you wherever you've chosen to play. Keep on going and do not forget to lock out your profits and take it while you can.

IIRC, there were.

But it's not really refunding as the usual feature that they have. Mostly, it's a promo that they'll have so that users would be actively and aggressively going to gamble on them for just a specific period of time.

Exactly my thoughts!
Casinos and bookies are business that operates with a specific edge over time, how it is possible refunding the losses when a player loses. Maybe it is a referral system based on a player's loss and they keep refunding the losses till reaching the specific quota. Just my personal guess, it will be interesting to understand how the mechanism works. Sportsbooks are not charity organizations, when you lose it is gone unless you are streamers make money from other people's lost money. Btw, the mentioned website doesn't exist either OP removed the link or edited the post to avoid issues. 

We do have that rakeback or cashback which is something that we do really have on this market but we know that given funds arent that great which might OP doesnt really prefer or do really mind off

about some return of money when you do lost.Its true that these things are businesses and not charity on where you do lost and give out your funds back which is totally bullshit.
This isnt how the business works and if you are really that making this thing serious then you shouldnt have gambled in the  first place.

I find it Good to be true actually because how could a Business man will give back the Money His costumer already Paid Him from the service he brings?
this is something that stupidly impossible to happen.
but there maybe small thing that people benefits about that returning though surely it is thinned than what this post tries to imply .

I think that such sites will disappear at some time and users who keep their money on them will lose them. Any of us understands how casinos work and there is no point in them returning lost money to users. Those funds are their earnings. Be sure that such a scheme will not work long and users will be upset to learn that the site is closed for no reason.

That's very similar to LFC, these are not gambling sites, these are ponzi sites that are scammers. Those who invested early and withdraw early might gain enough money, but those that enters late is going to lose a lot of money, as long as there are people who recruits, they are helping the site to get fresh money from investors, but just like scam sites, eventually these sites will turn scam.

In my years of gambling experience, even before cryptocurrency gambling existed, I have never heard of a gambling website (or even a physical casino) that returns your money when you lose.

Given the nature of these gambling websites, it is imperative to know that these are "businesses" in which their aim is to profit. With that kind of scheme, how can they possibly profit from this system? Where is the so-called "risk" that makes gambling websites profitable in the first place?

I really do believe that this kind of method is nothing but a scheme devised to at least scam people in the process. I visited the site and it looks nothing like a sports-betting website; it's like they putted a random sporty image and some numbers telling you to withdraw.

Such sites will not last long because they have to return the money their users lost due to gambling and they will spend a lot of money.
After all, I am sure many gamblers will play on that site.
It could be that people who are late to join will get scammed because the casino has already lost a lot of money paying off the losing gamblers.
So if we find such a site, it's better not to try to play there just because their offers look very attractive.

I think the same, I mean a legitimate casino could offer to return a small percentage of each bet lost to their VIP customers as a way to show their appreciation, but to return every single bet in full is something that is not possible, casinos are a business and as such they have costs of operation to cover and they do that with the wins they get over the players, so a casino that always returns the money the player losses must have some other source from income, and that source of money seems to come from scamming their customers.

So, this thing really works? That's cool then, I thought this is just a hoax. I remember a receive a mail from some gambling site that I only visit once. The email says risk free bet, is that the same thing? Even this only happens rarely I think the casino will lose a lot of money from this because many gamblers are going to get interested with this limited time offer. The bad thing is that those gamblers won't visit the gambling site after this.

This is not a good promotion in the side of the gambling site. I can see that there are users above that complain about scams. We need to be careful because they can use this "return money" tagline to attract and scam users.

There's no other way that they could get other source of income for them to patch up whenever they do really make out some full return of bets then its really impossible and just been said that this isnt a charity

but a business that do really need for them to make profits or revenue to patch up on operation cost and salaries of staffs or whatsoever which its impossible that they would be giving cashbacks
whenever you do lost. This is really impossible or cant be happening for a gambling business.

OP, never descibed how the mechanics of the sports betting site returns your money. Maybe the "sports betting" part is just a ploy for people to deposit their money, and the "site" is actually a Ponzi, or a Pyramid Scheme.

Plus the site currently shows an "Error 1020: Access Denied". The site owner is probably limiting who can access the site, or limiting from what regions can access the site.

As others here have said just keep in mind that there tends to be “catches” with every type of offer when it comes to getting money back. Now I personally don’t know of any online casinos, or offshore casinos I should say, that give some losses back ,but I do know some of the biggest players like FanDuel will give a small amount lost back but only on your very first bet I believe. All of the other money back opportunities that I know of tend to be bonuses.

I am trying to check the site from @OP but it seems the site is going offline. I do not know when the site is offline but I think they can not sustain their business since they need to pay gamblers who lose their money on their site. Maybe @OP was lucky enough to get a refund from his losses but I wonder if @OP can get his money back since the site goes offline.

That's merely a promo, a strategy to encourage more occasional users to try their service. All of the other money back opportunities besides bonuses are in "cash backs". They are amounts of money given back to the user, which are based on how much fees were paid by that user on a monthly duration. OP's site is different, the title literally says "return your money when you lose".

Being in LMB for a while now, I just understood that the one who invuted us are giving signals and I haven't experienced losing yet and so I cannot tell anything about the full refund yet when you lose yet. No one ever mentioned it ever since I joined. Now I am thinking, maybe that friend of friend just added the full refund when losing just to make his referral more appealing.  Anyway with all the issues appearing on LMB right now, I'm just waiting to see what'll happen in the coming days. Won't take out the money just to see what'll happen which may benefit people who are curious like me abiut these type of things.

I am not sure about the site and still skeptical about it though returning money promotion is not new in sports betting especially for new players like on your first bet they would return 100% of your bet if you lose but with higher odds and they will pick a certain game and they have limited minimum bet like $20-$50 only.

Bumping to spread awareness about this scam site.

Thanks for bumping this thread. While I was reading the title, the first thing that came to my mind was, "is this a scam?" or "is it just a point system that if you lose you will get points which you can convert later." But upon reading the whole post and visiting the website, I would say that the website is very poorly designed and you should really not trust this kind of website because, as you can see, the efforts of the websites of the legit casinos and how they made it." Also, you are earning way too fast and too big, which is really weird why they are giving that huge amount, but I don't know if you ever tried to withdraw your money, I think you can still get it since this was like a ponzi scheme or HYIP.

One of the few indicators of an illegitimate betting comapnies are enticing benefits that attracts people. If they keep giving back losses how would they pay thier bills or make profit, except they have other means of making profit which is unlikely. Just like Ponzi schemes they might give you back your loses which would spur you to keep betting. One-day you might bet with a large sum and you would not get it back when you win or lose.

Thanks for sharing your experience, and i bet you learned your lesson as well. Because to be honest, there's no such gambling sites or casinos that will ever return your money when you lose. Business will always be business, and gambling sites or casinos will always have an edge over the players. And if ever you encounter any gambling site that will offer you a bonus that is too good to be true, then take it as a red flag. One mistake is enough for a wise man.

Agree, they can't pay back people in the long run, yes at the start they can because that is their strategy to pay them at first so that they can say that it is legit and they can earn from it but people are not thinking for future like how do they pay their bills and other business expenses if no one is losing so that alone is a proof that it is a scam unless they are a charity and giving free money to gamblers lol. But i am also amazed that there are still people fall to this though they are kind of aware that it looks suspicious but still they put their money to it.

you are correct, its very hard to trust especially if you use to gamble a huge amount of money because surely after all in the long run there's always a chance for such website to run your money without knowing.
. And definitely a good strategy to get more clients easily, so i hope everyone is aware especially if the website isn't trusted because its very skeptical.

It doesn't matter if you are gambling small or large sums of money; if you already know that it is a scam, if you smell or feel that this could be a scam, don't take the risk of trying it; you are just giving your money to them, which makes them even happier and more likely to scam other in the future. I get a lot of questions about whether or not this was a scam, and I get asked if I should invest in it because of the high return. I simply say no, because it was a scam, but you can try it with your money, which is why most of my friends can't persuade me to invest in Ponzi or HYIP schemes because I always say no.

remember that if the offer is too good to be true? then best to take away from that because most of those are just scam and promising something that they cannot bring to reality.
I don't say it was a scam site but with those promises ? why risk your money when you are surely in gambling losses are there and winning are small chances .

It smells fishy tbh, looks like they are just getting their reputation to increase, and then all of the sudden they'll turn out to be a rug pull as well. It's a possible scenario and we've seen that already in the past. I'd rather stay away or just put as little as possible on your account.

Yes, no gambling site or casino will ever refund your losing money and it looks like it would be great to be real. We can always learn from other people's mistakes not to do but sometimes we forget to avoid them because we see their offerings look very good and make sense. Maybe in the future, the other casino will try this method to get more new people who are curious about gambling and want to attract them to join the casino. So it will be good if we can share about their scamming method with many people out there so there are no people will follow. But yes, with this event, we all learn and get valuable lessons here. Thanks, @OP.

Gambling sites are design to gather players and take their money , so why on earth that a Gambling site will bring back your losses? that is the most stupid way gambling sites will ever do.
because what is the sense of gambling business if you will just give them back to the players their Losses?
never trust a site that we knew only telling things just to lure gamblers.

Almost site gambling never refund your losing money and actually with sport betting when play with parlay or multiple betting way, although losing one match predicting keep not any refund fund. I think OP have different opinion here and looking gambling platform have refund rule when getting loss. What ever games kind between casino and sport betting keep never give chance for refund your fund when getting loss and not chance getting back our money when getting loss.

Actually, no site will refund money if you lose your bet, if you know a site that will refund, you should consider them as a scam. There are plenty of that now that says they will refund, yes, they will do it at the beginning but eventually members will be scammed in the long run, and you don't call them gambling site but a ponzi scheme, there's a big difference so we should not be mislead.

Only a fool would believe such a promise but I've got nine colleagues who were victims of this scam. One of them even invited me to try the site but I refused and explained to them that was a 100 percent scam but my advice fell on deaf ears and just last they tell me that the withdrawal option of the site is not there anymore.

It's just a pity that even though this is an obvious scam but still many of us here got victimized by this modus.

Yeah, just put in a little money to fulfill your curiosity. I know that there are some people that say that it is really a scam but still try it out just to kill their curiosity because they can't sleep thinking about it and really want to invest in it. Just to make sure that they will not think about it again, you will try to invest as little as possible so that you can live peacefully. But this is only a partial solution because if you continue to invest in this type of scam, you will eventually end up investing more and losing money.

They could get clients but they couldn't sustain them especially if some users would take advantage of it. It will only be an effective strategy in the beginning but wouldn't work in the long run. As for me, anything that pays a huge profit easily has a huge risk as well and we should be skeptical about it.

It's not bad I guess to put even at the range of $20-$100 then gamble it, the thing is if you get hooked that's their advantage at all. That's the disadvantage of people getting hooked because it will trigger them more to get their initial investment or losses until they realize that it wouldn't go them too far or they wouldn't get it. TBH, I'd better play on reputed site than taking risks at all.

The adequacy of the proposed conditions can be easily assessed by projects that have been operating on the market for a long time. If I remember correctly, Sportsbet.io offers a risk-free bet from time to time when there are various big events like the final games of the championships. But the size of this bet does not exceed 5-10 dollars, and in order for the "insurance" to work, certain conditions must be met that relate to your account and the events in the game.

I cannot agree more. These kinds of offer are indeed too good to be true. And if a thing is like that, it probably is. Because just like you said, if a company or business will return back the losses of players every single time, how would they even profit? And would it even be worth it to call it a business if that's the situation. They are merely giving endless opportunities to the players to win without getting in return. They should have established a charity instead of gambling business if that's their goal.

If anyone would stumble upon one that claims like this, beware of them. They could instantly take everything you worked hard for. Promises like these are most of the time fake and just a deception to make more people invest, buy, or try their products or services.

And if there is a gambling site like that there will be many people who enter because the money will not be lost or returned and the question is if the customer wins the bet is it paid?
I find it very strange because gambling sites work to make money by taking their money while betting and it is a business to be able to make money from customers who bet and lose.
and until now I have not found or heard of such a method, and if any gambling site offers such a thing, I will go in to find out if it is true.

You cant see since these casinos are businesses and not charities on where they are giving off some free service into the community or public on placing up some bets and return those funds if they lost

but what if they have won a certain bet? For sure they would need to pay or else they would be sued out.This is just like they are putting a gun into their heads and just tending to give out free money into the

public which we know its totally contrary for a gambling business that existence which is typically for making more money out of those gamblers around.

I don't know if it's just me but my level of skepticism is on another level. I don't mind if it turns out that I'm missing out on an opportunity to get some free grants or being the early bird to get the early worms. Once I see something fishy on the details of an investment, I panic and ask myself some serious questions.

I was met with this sort of sites as described in OP twice some weeks ago. It's not upto a month for sure but then, these guys which were some junior colleagues came to me with what they feel is an opportunity to get me in as a big investor, becomes my referrer and earn bonuses on my stakes. Unfortunately for them, I don't like things being free and don't go into anything without proper clarity.

The point that raised my skepticism up was, they stood to gain almost nothing, they were to refund you on lost bets, they would give you up to 3-5% daily depending on the packages you pick, there bookmakers options for a bet seemed far too favourable to the gambler and so many other so good to be true promises.

In the line of business, all the odds are often against you as the business owner needs to make profit but in this case, it was different and I don't worl that way. I have to see the point where I can loose so I would guide against it and sadly, there was non in this. Just win, win and win. They are still at it o suppose and I guess, I'll get the update from them and relate it here later on.

Here are the sites they met me with: w86.com and luckyfootball1.com.
I haven't and won't try it and I hope you guys don't too!

Have indicate become scam gambling platform when returning your money after loss, I don't think why OP really brave asking this question here because gambling is risk and not guarantee with return money back when getting loss, before playing here have term of service what happen when losing fund on gambling platform. Actually true when have bet return money back when losing will not called as gambling platform but looks as hype platform.

Op discussion is not making any sense, gambling is business and when you run business, one of your objectives is profit. When player loose, they gain and when a player win, they have to pay from their pockets. Isn't that simple? The casino pay you when you lose!  :D
Wait a minutes, what about blackjack and lotteries where multiple players play against each other and have to pay one when the other loose? Will the Casino pay the winner, it doesn't make sense at all. Be careful with all this Casinos sites, it's just a way to attract users to their platform.

^ Something like bait to users is that right?
I don't see there is a good point on it, and probably if you will win they will also get back your winning because they return your losses.
Just a trick from a gambling platform just to fool people that will lure them to their gambling casino, once the withdrawal will happen, probably they will start making such excuses so that non of them can get their funds out.

It would be most likely be ending up on being a scam because no legit casino would be offering something like this because its a business and not a charity just like on what other people been mostly  saying on here.
If someone do make out some claims then it is a scam for sure because no business would be giving out free money and just by using up your own common sense then you could say
that its really that impossible for it to happen.IF we do talk about cashback or rakebacks then its possible but for total refund or return then its impossible.

And if it's not a scam casino it could be in the beta stage where they are holding a trial for all their games that they want to get back what players are going to lose, but I will still not trust a casino to deposit if they are on beta trial they should just credit their players to try out their casino.
This kind of casino is not existing and will never exist they need to have a good explanation on why they refund players' money when they lose.

And at the end it happened what we all predicted, it is impossible to run a casino like that, so this was nothing more but a Ponzi scheme in which the scammers did their best to try to seem legitimate and they were paying the winning customers with the money which was later deposited by other gamblers, eventually they reached a point in which it was impossible to maintain the scam and decided to leave with all the money they could, I hope people learn from this and understand that casinos are a business and they need to turn a profit, and if a casino makes an offer similar to this then it must be a scam.

No wonder why many are still falling into this trap, its too good to be true and yet they still try to invest or gamble on this site.
I see a Peso sign which I assume OP is also came from my country and yes there's a lot of scam like this in my place simply because people here wants an easy money and they always thought that cryptocurrency is a ponzi scheme. We should learn from this and remember that there's no gambling site who are willing to pay back all the losses of every gambler, again if its too good to be true, stay away.

Casino profit from how much gambler loss and all casino owner right now as richest person on the world, when losing on gambler got return fund how come the gambling casino platform working? I think OP looks serious for getting back fund when losing on gambling platform. Actually have chance with beta or trial site when giving back or refund getting loss but not get chance with beta site to make withdraw from profit earning from gambling platform.

Yes, that's correct. Gambling sites only refund your money if the gambling site made a mistake and the fault was not from the players. If the Op is looking for a gambling platform with such rules, it will be difficult because the casinos won't want to return your lost money. After all, you have gambled at their place. Therefore, before you play gambling, it is better to think about the pros and cons for you so that you will not regret if you lose your money at the gambling table.

If it is a risk-free bet, it may be different from what is desired because the casino offers it to the players. But if we lose in gambling and the casino does not have that event, the casino will not want to return your lost money. The situation and conditions are different and I also saw almost the same thing on the Duelbits site some time ago.

Sports betting site that return your money when you lose is a trap, it's really too good to be true and let's put ourselves into a businessman shoes and if we are the one who manage that site do you think how are we gonna make a profit in this kind of strategy? Yeah, and I would definitely going to agree in the fact that is why there are still many are falling into scam because they click this kind of bait which is on the first place is to good to be true.

Or does simply dont make use of their common sense on which they are really letting theirselves to believe into something which cant really be that possible and its true that gambling platforms are businesses and

they are here to make profits out of those gamblers who do make out bets.Who in the world would be giving out those bets back if a bettor lose?
You wont really be on your right might if you are a business owner.

You would definitely be not able to get those money back and thats simply gambling.

I'm sorry that you had to go through this.

Based on the site design and the lucrative bonuses offered, it should have already been red flags going off.

It should be clear to you that no legitimate, functioning business will ever refund your losses. This is precisely how they make money - and it makes zero sense to be giving away revenue. They are not a charity.

Hopefully you've learned a lesson for the future. Stick with reputable, long-standing sportsbetting websites, and not these things that pop up every once in a while.

Recently there have been a lot of gambling platforms showing up and pretending they are reliable gambling platforms telling you that they are sports gambling. You need to deposit another 20% of the total wallet to make a withdrawal which causes you to make a double scam also at the end of the day there's no gambling platform that is good to be true like giving free money to their players we accept the fact that it's all about the earning. It is ideal to use a gambling review website which is telling a reliable review and information.

My cousin managed to rake in a total of 100k pesos from that platform and never looked back anymore. Good thing she was smart enough to call it quits to get out since I advised her that such a business model is impossible to survive in the long run, and that it is likely a scam. They hide under the guise of a 'charitable institution' that gives handouts to people who lost their bets, and a part of the winnings goes to charity or something like that.

The law enforcement agency is also currently on the hunt for the perpetrators of this scam in the Philippines. Hopefully they manage to get a hold of these scumbags that made a lot of money off of this 'gambling platform' scam.

Your cousin just got lucky, people need to learn to put themselves into the position of any legitimate casino to know that something like this is simply not possible, no one starts a casino to give money away to gamblers, if that was the case they might as well just give the money away as a charity and save themselves all the added costs that creating a casino generates, lets hope that the authorities can catch those scammers as I have no doubts they may try to do something like this again.

Thanks for the final edit of the OP. Even before that final edit, I was already hardly believing that there is in fact a sports betting site that returns your money when you lose. That makes it everything a sports betting site is not. A sports betting site, just like a casino and other gambling platforms, is made to make money first and foremost. So why should it be giving back the money to its bettors? If there is a site like this, it must be a scam. And true to that, came the edit that it was indeed a scam.

Yes, that's correct. Casinos want to profit from gamblers and they will never refund gamblers money just because the gambler lost that money in the game. If their site says they will refund your money if you lose, that is not true because what happens if many gamblers choose to lose all games? How much do casinos have to pay their users money?

Moreover, if it were true, the casino would not last long and would soon go bankrupt as gamblers would choose to lose their money because the casino would return the money to them.

If you have the feeling that nothing is freely to get you will hardly be falling for such strategy to take your money from you. For the op, he also had the doubt and he came to ask questions and decide to make a test of putting in little but maybe he is not part of the early people to get out with profit. This type of strategy is now existing on net and we need to be careful to get convinced out of your will.

They don't want you to expect more so they stop the ride by closing the withdrawal  :D
If they going to return they continue to show it.


I'm sure they will not return the money but if ever I will still not believe it and will not try it maybe they want us to take us for a ride and wants to use someone like you, but let's see we'll wait for an update even if it obvious.

Or maybe he doesn't understand what is gambling and how does a legit gambling site operate.

It's hard to be fooled in this world, even an obvious scam, there are still people who fall from this, well, it's not anymore the fault of the scammers but their fault because they failed to educated themselves to determine what is scam and legit.

Doesnt really need to be that educated but rather it would be needing that common sense and everyone does have it, it is just there are people who dont make use of it and make themselves too dumb
on making out decisions even its already that too obvious but they are really making themselves blind and still proceed even the things facing them are just too good to be true.
No business would really be just giving out the players bets back when they lost and do pay when they win? Its just like they are banging up their heads into the wall
or pointing a gun on their head.This isnt how business works.

Which is why I posted it here to ask about it since I do not have any idea about online gambling. Prior to this I only gamble with friends or at least people I can see but after being invited I got curious about online gambling hence I tried asking here. I was hoping to get good advice but did not get enough in time(was expecting too much) and so I had to try it out myself to really know and understand what I am getting myself into. I just thought of the money I placed as payment for some new knowledge and experience. (There were some good responses though which I really did appreciate)

And so I decided not to take out my money even with all the complaints I have seen from another gambling site with the same functions as this one I joined. At least I learned and have been able to share my experience to everyone specially the very few people that may be the same as me who does not have a lot of experiences on online gambling. Right now I am reading some online betting tutorial (https://www.actionnetwork.com/how-to-bet-on-sports/general/sports-betting-for-beginners-10-things-to-know#Favorites) and checking out sportsbet.io.


Common sense is there but having a friend of a friend referring it to me, as courtesy I'd have to check it out. Only problem I had was being too considerate of others. And yep, the logic of business losing money couldn't be easily applied to them since they were posing as a charitable organization rather than a gambling business.

But yes, I admit that I really had no idea about online sports betting at the time of creating this thread and was eagerly looking for expert insights. Oh well, just small change.  At least, I learned and that the people who are new to this online betting thing would be able to benefit from this thread as well.

This is the confirmation bias at work, when people are looking for something in particular they tend to disregard any information that contradicts their worldview and only accept the information that confirms it, so if someone is looking for a way to make money at a casino and they find something like this they tend to believe in it, and that is how they get scammed, only those that can avoid falling victims of such biases can think clearly enough to know that a casino that returns all your money after you lose is simply not possible.

Wise people learn from the mistakes of others, but sometimes you will simply learn the hard way out of ignorance - nobody is infallible. If we look at the original question slightly differently, it is in the interests of casinos and sportbooks to want returning players. That's why casinos can stimulate habit (and depositing) forming behavior by feeding new gamblers wins, but it does seem hard for sportbooks to do the same as they tend to accept outright bets - you'd have to buy some sort of insurance to avoid this and will still end up losing over time.

That's what makes them different from other gamblers because they can learn from the mistakes of others or their own mistakes.
They will correct what they have done that they think was wrong so that they will not do it again in the future.
Even though the casino can stimulate them to keep coming back to their casino, they will not be affected and they will even be able to control themselves from falling deeper.
Knowing these mistakes will make them wiser in playing gambling and know what to do in gambling.

Never trust anyone even in some of your friends, because even you have past experience for sure you will fell again in such mistakes in the future again and again.
Make research instead, and yes this forum is a big help for every newbies because most of users here exposed scammers especially if it's when it comes crypto currency. So always don't hesitate to use the search button.

They believe on something that supports what they stated, even though it is extremely far-fetched or something that isn't really likely. Confirmation bias it is, and that's what lures most greedy people into thinking that they hit the honeypot when in fact, it is what will destroy them in the end. It's always the illusion of winning big that destroys people in the end, and they believe in the illusion long enough to find themselves regretting for pushing forward with the delusion they fought so hard for.

There is no money back in gambling. Once you lose, you will not get anything back. If there is any, that gambling site is definitely a big scam.  Everything that is just too good to be true to be happening, that falls into a ponzi scheme. I hope you have learned your lesson OP, not to trust easily on any gambling site that is already showing strange thing in the first place. As there are only two kinds of gambling site, one is legit, one is scam or fake.

They think that someone that contradicts it are anti gambling and only wants to stop them to becoming hook in gambling so they just ignored it easily.

There are also people that can say something bad to the other casino because they are being paid to do so or they simply owns a casino and they don't want a fair competition but whatever that arguments might be, we should always care to look at them because maybe what we found are different to what we expect and this can help us to stay away from the danger of being scammed. You know, online crypto casino is a booming business right now so expect that many scammers are also venturing this field. Let us try to be vigilant.

I can understand the situation when a new gambling site introduces a bonus system that involves a return of 5-10% of the lost money but no gambling site will not return all the lost money because it is contrary to the economic model of casino earnings. So if someone offers you to get back all the lost money bypass this gambling site. Most likely it is a scam.

when I saw this title I thought it was a joke, but reading every thread I realized that it is something serious, but we have to start being more careful, any casino is created with the purpose of giving licit to the creator, so how could it be possible for a casino to keep giving people their money back if they lost their bets? what profit would the casino make? OP imagines that 1000 people place a bet and 500 people win and the casino pays the winners and returns the money to the 500 losers, how long will the casino stay alive like this? how would the casino continue to pay like this? I hope you don't fall for this type of obvious scam anymore and be careful with people when they recommend that you create an account at some casino

You would really be having that kind of initial impression and telling for yourself on "What?" a casino or betting site that do return money once they had lost?
It is considered final and there's no way that these businesses would give out those kind of free return of bets and on the time you do won they do also give?
With just having that common sense then you would really be thinking that no businesses would be doing these foolish things.

I honestly see no reason for a gambling site to give your money back. You've read a lot of stories about gambling sites getting claims because they let gamblers play too long while they were addicted to gambling. Then they often catch nothing. Players also come up with all kinds of things to get their money back. Ultimately, the responsibility lies with the player himself and he must ensure that he handles his money correctly.

I've never seen any gambling site return the money of their player if they lose. Every time you make a bet there is no money-back guarantee its a game of luck and taking a risk to gamble the money. The chance of winning the sports betting is to have a proper plan, analysis, and strategy to double or triple your profit. Having this kind of mindset will surely increase your winning chance of every bet you made.

And, gambling site is a business and they are also getting a commission on losing bets which are in favor of all of them, I think.

And while all of that exist it is because of it that it is necessary to do our due diligence and see what it is the truth, in this particular case the people that got scammed were simply too naive, they only thought about how things will play out and how convenient it would be for such a casino to exist, but when you put yourself on the shoes of the casino owner doing such a thing  very soon you will find out yourself losing massive amounts of money, and since no one likes to lose money then it is obvious that another way to earn money was hidden from view, which obviously included to eventually scam all their customers.

I have never played betting on a betting site. However, since it wants to get a refund with a guarantee, then what kind of betting site is this?I have never seen or heard of such a betting site before. I am very scared of betting sites which is why I have never played betting.So I have no experience with this.