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141  Economy / Economics / Re: More trouble for crypto? on: April 09, 2024, 08:13:46 PM
Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???

I would separate the developer Justin from the longer term future of Coinbase - a publicly traded US company that is going quite strong at the moment and earning a lot of money. Coinbase is probably going to take some attention, but considering the run up bitcoin has had in the last few months, they probably have plenty of capital and are unlikely to run into short term problems unless the regulator decides to be particularly vindictive. There have been many scandals like this since the beginning of crypto and they are becoming rather routine now, so it is less of an anomaly or a concern. People will do illegal things in the crypto space, there will be some unsettling times, but I see things getting stronger because of it.
142  Economy / Gambling / Re: Professional Crypto Gambling Advice on: April 09, 2024, 07:50:40 PM
You ever asked yourself why you are always loosing in casinos?
Are you searching for advice on how to get better in gambling?

Obviously, if you are gambling addicted and you want to stop, you should stop.
With gambling comes great risk.

However, if you still want to gamble I can help.
I'm in profit on almost any crypto casino.

This all sounds very controverse but in reality,
its a way to make chances work with you instead against you.


The strategy is to be patient, chase a lot of losses first and then start hunting numbers, its playing with the odds, not against the odds.

Appreciate loosing the same as winning. It sounds easy but its hard to accomplish.
I was in loss on any crypto casino, since I keep to my strategy I started to win it all back.

Its controversial because in the end, the house always wins and I know that, there is always risk involved and nobody should start gambling at all.

The problem with casinos is, they do not like you to work with the odds.
They want you to be greedy and want you to have no patience, thats why a lot of crypto casinos started to implement counter features to make you loose.

The best example is Luckybird, they implemented the following counter feature:

- Min bet raised to 0.05$ for multiplier over 900x

That means the lowest amount you can hunt for is 45$. Which is pretty high if you want to hunt some losses first.
You see, the issue that crypto casinos have is, people hunt high multipliers with low bet amounts and slowly raising - thus increasing their odds of winning.

There is still no guruantee of winning. Make sure to always remember that.

If you are a gambler and you loose a lot, take the advice from above and start to use the odds against the favour of the casino, not against you.

Make sure to always remember 2 rules:

1. Casinos take a fee on every single bet and will always win on the longrun.
2. Everytime you deposit, your money is basically lost. Don't try to hunt it back if you loose it. You accepted your fate when depositing in the first place.

If you have any question, let me know here in this thread.

It feels like you have some basic advice that you get right, but also some contradictory tips that don't really hold up to logic. You say that casinos always win in the long run, which is true, but then try to give a weak example of a game where you think the player can somehow manipulate the outcome - the reality is the math will always defeat the player over the average and tweaking a few settings will not change that. Ultimately you have to get comfortable with losing because that is going to be your long term outcome unless you are playing some sort of game that you know the house can potentially lose - like finding an edge in sports betting that can beat the additional margin that bookmakers stick on top.
143  Economy / Economics / Re: considering the advantage of Fiats over Cryptocurrencies on: April 08, 2024, 09:16:53 PM
While we are so comfortable about the potentials of the decentralized digital currencies such as the Alt and the Bit coins and its centralized exchanges in the blockchains, let's also understand that the Fiats has an advantage over it that you'd have somewhere to go to and someone to hold responsible in some cases that your fund in the bank is tempered by a theft or otherwise than that of Crypto that it's transactions is operated anonymously
Everything is life is not so balanced are when you're dealing with the sweetest parts of it, we fails to consider the bitter side of it.
Most of us as at times thought about how Crypto could dominate over financial exchange for payments without considering this certain advantage of the Fiats and also considering that most persons still lives a primitive live to cope with the digitalities of advancements.

If you're honest about it there are plenty of good reasons and logic behind traditional fiat currency, but it can annoy some crypto holders to even discuss it. Most of the world, probably 95%+ are still transacting it fiat every single day - they're getting paid in it, they're buying their shopping with it, they pay their mortgage and rent with it, they invest their pensions with it and this is a huge amount of inertia. It is still a lot cheaper to transact with fiat currency on a consistent basis and at an instant speed, something that Bitcoin is unable to match right now. Then there is also scale - crypto is great for medium to large size transactions, but it would overwhelm the network if too many smaller transactions were sent to it.
144  Economy / Gambling discussion / Re: Investing in casinos: Still a thing? on: April 08, 2024, 09:13:10 PM
I've been wanting to increase the number of my long-term crypto investments for a while now and I've already got like a good amount of BTC that I can comfortably invest without pulling out and I've checked Bitvest just out of curiosity and I've seen that you can invest in their website, I think I've seen it with Bustabit and Bustadice too back then, are they still doing that or is there like a lot of new casinos that are offering this kind of thing, I can't recall how it works when you invest in them so I'm going to ask (although I feel like stupid forgetting how it works), how does it work? And are there any other trusted casinos that are offering this investment? Is it a bad investment?

If you want to invest in bookmakers and casinos, you're better off just heading to the stock market to find well established fiat currency casinos. The casino market in crypto has been established for a long time now and the biggest players will have large enough reserves that they won't be requiring or even interested in sharing returns with random people any more. Besides that, they are more likely to get side swiped by regulators as they can sometimes exist outside of the mainstream which makes them an easier target for takedowns. Finally, there is a higher chance of crypto companies going bust, especially newer ones which might disappear overnight with your money and little paper trail.
145  Economy / Economics / Re: Cash is not trash on: April 08, 2024, 09:10:08 PM
In my country presently, we know how important cash has become, the government decide to renew our Fiat currency and it's not in circulation yet, for some reasons, some people believe that it was intentional because they don't want some bad actors to use Fiat to rig the ongoing election in the country.

But since all this mess have started, many people are suffering, and I as a person have no hold the new fiat Note because I can't get a hold of one yet, and just because many stores prefer Cash than digital transfer, this have make me see how important Fiat currency can be.

Some people will say that Fiat is trash and they keep all their money in stable coins, the truth of this is you are doing things wrong, the stable coins in crypto space are backed by nothing, they can vanish into thin air if the government doesn't want stable coins to exists.

I believe that all stable coins are easier to trample on by the government, more than other crypto projects in this space, Fiat has it's usefulness, let's stop deceiving ourselves, the first time I ever purchased Bitcoin I use Fiat and I believe this is the same as everybody on here, unless you mine your own Bitcoin or get paid in Bitcoin working online.

Do not trash Fiat yourself when it's actually needy, crypto and Fiat must co-exists until the government decide to go digital with Fiat themselves, and Fiat is not trash.

You have given a very confused and muddled explanation. First that your country seems to have failed in the role out of a new version of the currency, or there are limited supplies of an existing currency? Then you refer to creating transactions through digital currency, presumably you mean things like bank transfers or credit card payments? Then you rail against stablecoins and it is hard to tell if you're supportive of any form of crypto whatsoever. It's really hard to decipher the message that you're trying to get across. If you cannot access physical cash then what good is it to you? In that circumstance cash is trash because the supply does not meet the simple needs of the demand.
146  Economy / Gambling / Re: Why not create a Gambling platform on Market narrative? on: April 08, 2024, 09:03:12 PM
A few years ago, NFT was launched and it set the market ablaze. Many NFT projects emerged at that time, which left investors confused. They began investing in new NFT projects without understanding them, resulting in significant losses. To this day, these investors have not been able to recover from their losses unless they sold their NFT.

Currently, meme coins are gaining popularity, with a new coin appearing in the market almost daily or weekly. The prevailing belief is that meme coins offer the highest ROI, which they are delivering.

Then, why not create a platform for predicting the performance of any cryptocurrency or a platform for predicting future trends in the market or both?

What are your thoughts on this?

You might get sucked in and end up the primary target of market manipulators who were looking to pump up new stocks. That would make your site a very juicy target for regulators who might prosecute you for being in cahoots with these effective currency manipulations, as that aspect would always be available for you to advantage certain coins in the rankings for your own profit motives. I'd say your first introduction about NFT's is missing a crucial element - no they could not recover their losses, because it would involve someone else paying a higher amount than some of the obscene prices previously paid and that bubble has already burst. Nobody is coming along to pick up these busted pieces.
147  Economy / Economics / Re: Ignore Financial accountability to your detriment on: April 08, 2024, 08:55:16 PM
If we are interested in making the best use of our earnings and investments, the place of financial accountability can't be overemphasized. It is one of the major reasons why some people will have lots of money in their account this month and the next month you see them struggling with finance.

 When you see a rich man who suddenly becomes poor or an average man who never grew above his current financial state, it's basically because they possibly weren't accountable for the money that was coming into their hands.

Being financially accountable entails that you delegate what your income would be used for and ensure you follow it up to the latter. It is one way that helps you plan well for your future since you can probably work on setting a particular amount out of your income that will probably go into short or long-term investment depending on what you want to achieve.

If you've not figured out how to hold yourself accountable financially, you shouldn't even think about making any real investment because it won't take time before you exhaust all the money in your hand and take your investment immediately. It involves discipline, proper planning, and the ability to stick with your plan. Big firms do it and if you take it seriously, even though your income might be little, the proceeds of the income will amaze you.

If you don't take your financial accountability seriously and want to allow everything to fall into place by chance, you will learn a hard lesson the bad way.

You should also not discount the education that a person receives from an early age up until when they enter the world looking for work. If somebody is taught early on the significance of money, instead of just learning some basic numbers and math, then they are likely to fair a lot better. You'll often find things like private education will cover this extensively, to fully prepare their students for the world of financial sharks that operates around them. Everyone is susceptible to things like advertising that is trying to pry money from our wallets every day and lots of people over extend themselves into debt, which can lead to a vicious downward spiral and make it much more expense to get back to zero.
148  Economy / Gambling discussion / Re: Do you have a habit of tracking your gambling progress? on: April 07, 2024, 09:05:35 PM
Do you have a habit of tracking your gambling progress?

Most people here are purely gambling for fun and I have never really seen anyone tracking their progress, such threads will often die out when it becomes apparent they do not succeed long term. If you took sports betting for example, anyone who is really successful would not find it in their interests to share or publicize it too much, as it might get them limited at bookmakers. You're never going to win long term in the casino, so that leaves sports betting or actual skill based games where the house does not necessarily have an edge. If you really know a niche well, like esports teams, then theoretically you might be able to read the odds and pick bets that are better informed than bookmakers, but in these situations they'll often restrict your account after a while.
149  Economy / Economics / Re: boomer life UK on: April 07, 2024, 08:05:06 PM
is life for Boomers in the UK like that?

Quote
The 1950s were a good decade to be born in Britain. A newly minted welfare state ensured that your early years were free from squalor. For the lucky few who made it there, university cost nothing. During your peak earning years, taxes plunged thanks to Margaret Thatcher, oil gushing from the North Sea and the restorative effect of the EU’s single market on the sick man of Europe. Rocketing house prices more than compensated for a few years of high interest rates. Defined-benefit pension schemes, then still the norm, ensured that retirement would be prosperous.
Whatever this generation wanted, this generation nearly always got.  ........

Is it possible that the economist forgot about some classes? 
Or is the UK mainstream really like that ??

It's probably better to forget about all these lame groups that the media likes to discuss. They're essentially just trying to stir up drama and friction between different parts of society, when they reality is the world is always changing. The people in these different groups were just taking advantage of the opportunities that were there at the time. It's actually politicians that did not do enough to address the slow changes that led to more greed by company owners which chipped away at benefits or stopped wages increasing as fast as they used to. Then there is things like the house price appreciation that older generations have had, it's still happening for new home buyers now but probably at a slower pace - they're comparing a lifetime of growth.
150  Economy / Gambling / Re: Why they need a license if bitcon is not money? on: April 07, 2024, 07:53:14 PM
It's fun guys, govs hardly avoid accepting Bitcoin is money, but when it comes to gambling then users are risking money, so, casinos need a license.

Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...

Just want to say Fuck Curaçao, the island in the middle of nowhere who decide to take the crypto gambling industry in their hands and make billions of dollars with it. Who the fuck they are to wash money this way?

Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else.  And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.

It seems like you don't really have a clue what countries like Curacao are offering and for whatever reason - guessing you lost a lot of money - you are bitter towards them. Gambling is often heavily regulated around the world, in places like the USA or Europe, but as the internet has global reach you will always have some enterprising people who want companies outside the reach of these laws. These small countries often have few sources of income, but allowing companies to virtually base themselves there and acting as a regulator brings in a huge source of income for them. There are some small countries that have better reputations than others at investigating or upholding complaints, but they effectively allow crypto casinos to exist in a roundabout way. That being said, a lot of the huge ones now will often navigate the harder laws in places like the EU.
151  Economy / Economics / Re: The benefits of risk taking on: April 07, 2024, 07:45:42 PM
Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities

Your way through life is always fraught with different risks and your mentality can often be sculpted by how they've been explained to you throughout life. Take finances for example, many people around the world think saving money in the bank is the correct way to live life, but it is an incredibly slow and tedious grind which for long periods of time has paid a pittance in comparison to the returns of the stock market. The stock market is just a collection of different businesses and depending on how you invest your money can be at higher or lower risk. However many people don't appreciate that their pensions are also invested in the stock market so part of their long term portfolio was always at risk anyway.
152  Other / Off-topic / Re: How you can benefits from your loss ? on: April 07, 2024, 07:42:42 PM

Hi everyone ,

I have previously seen articles about the mistakes that some gamblers make, especially when they lose a bet, as they try in every way to remedy the matter. The same thing happened to me before and many times, and this is what often leads to greater losses.


None of us sees losing as a normal thing, even in the simplest things. The majority have the mentality of a winning , and this is normal because this is human instinct, and losing always negatively affects how the gambler thinks and the ability to analyze the situation, and it has the ability to destroy all positive ideas and make the gambler frustrated. It puts him in a spiral of remorse and heartbreak over what he lost, but if we take it from another perspective, we can benefit from it. The first thing to do is to bear it and realize the matter as it is, and that gambling, when we talk about money in the same way as the pleasure found in it, always gives us the same two options: either winning or Loss, and in such matters, we must know that the ability to restrain emotions plays an important role in such situations , anger and heartbreak will make things worse, and taking time out to analyze things will be the best option.We must know the mistakes we made and analyze them, study the strategy we followed and change it if it is not in line with the results and the course of the game.. , there are many options that can help us .

Gambling is based on losing and winning, and if you lose, this does not mean that losses will rain down on you one after another, but you can cause yourself greater losses and you will be the first reason, or you can benefit from them and your mistakes and make them a good reason for your next win.

 This is my just own opinion and based on my few experiences in this field ,
 
As gambler How do you deal with loss?

There are many different forms of gambling and you have to adapt your mentality to each scenario. If you're a poker player, you will have the same random luck as everyone else on the table but through psychology including bluffing or being able to read other players, you can use any cards you're dealt to a different advantage - sometimes you'll even profile people at the table which can help long term profitability. If you enjoy playing slot games however, you have to understand that each play is entirely independent of all past or future plays and the mathematical odds will reset, in that scenario the casino will always have the advantage over you the longer you play.
153  Economy / Gambling / Re: House Edge on: April 06, 2024, 10:11:01 AM
Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

In it's simplest terms, in one out of every 100 games one of those casinos will on average guarantee they win once, and the other casino will win twice. Another way of presenting it is, for each dollar that a player places a bet in those casinos, they'll get 99 or 98 cents back. The provably fair system will have these figures within the calculation, so there is nothing suspicious going on there and they are full upfront to users. Each game will have slightly different algorithms and stages, but it almost always leads back to that simple formula mentioned. These sites are consistent money makers for the owners, which is why they continue year after year, which should tell you everything you need to know.
154  Economy / Gambling / Re: Slot Educational on: April 06, 2024, 10:04:20 AM
in the video, it is not explained which region (city) it comes from but it is clear that the parade is from my country, in the parade it is clear what slot players get when they play from the "first" month (still motorbikes are expensive) to month "fourth" (ugly motorcycle).

without direct education by the central and local governments to young people and the general public, I think this kind of parade is not effective enough, it's even obvious, the parade is the initiative of the private community in the area.

do you think, a parade like this will be effective in reducing the level of gambling addiction?

The message I'm seeing in that video is your first month you have an ok bike, the second month (where casinos are trapping you with a few wins perhaps) you have a better bike and then it is all downhill from there. It's a bit of a weird way to advertise it, but maybe that is more a translation issue than anything else. It is definitely true, either through luck or manipulative engineering, casinos will often draw people in and it's the first few weeks that decides whether the player gets hooked or not. I[m not sure this video or activity is going to help many people, it's almost advertising gambling subversively in a way - people will often be pushed towards things that seem prohibited, but if it helps one person that's a bonus.
155  Economy / Gambling discussion / Re: What nature of the the rewarding games would you prefer playing with friends on: April 06, 2024, 09:49:20 AM
I created such a nature of post like this in couple of hours ago, I was hoping it was going to trend on the board but it did not which got me to check on my profile if was it not successfully posted, it was deleted or was it that the network error occurances obstructed it from succesdful uploading.
It is just unfortunate that it does not have a trace so probably it could be error uploads.

But anyhow, I will still bring it up again because it is such a discussion to be enjoyed as we all endivoirs to air our views.

So on the thread I was concerned to know your opinions towards which of the nature of games that you would prefer playing along with your friends such as...
Would you prefer the game that the winner would earn some edible stakes? The one which the looser would earn being punished or any friendly disciplinary measures? Or such games that specifically involves stake of funds amongst your friends for the winners rewards?

Me: I would prefer the above exempts the one with the stakes of funds involved.

What's yours?

 It seems like in the modern era, online multiplayer games achieve this result best because they are able to create much more realistic settings like racing or on the battlefield. It might be interesting to see certain betting going on with groups of 2,3 or more players who each enter a stake at the start of the game. Then the team that walks away with the highest score for that session would get the winnings. The tricky thing with these online scenarios is it will always incentivize cheating if there is a potential to make money from it, so it doesn't seem particularly feasible in that sense. I'm not sure what you're referring to about edible stakes, maybe you could elaborate on that point?
156  Economy / Gambling / Re: Building a unique Casino game from scratch. What features do you want? on: April 06, 2024, 09:38:00 AM
Hi everyone, I've been following and reading this forum for some time now and I've decided to make my first contribution here lol. I really appreciate how welcoming and kind you guys all are to strangers. I rarely see that in a forum, which made me want to be more involved here Smiley

I've long been a crypto enthusiast, and I also enjoy betting as a simple pleasure

However, I've grown quite bored of all the repetitive games and stale options out there. It seems like every gambling site is the same website/interface, just with a different domain name.  

My partner and I are skilled software developers by profession, so we've decided to challenge ourselves by making our own betting game.

We want to start by innovating on top of a simple game that already exists before we go all in on creating our own game from scratch (which would take months)

We've decided to start with Plinko since we're familiar with the game mechanics. I've always loved the comfort of a Lo-Fi aesthetic, so I think it would be cool to create something from that angle while being a fun game that is exclusive to everyone on the Bitcointalk forum Cool

As far as licensing goes, I take this stuff seriously. I've always been a by-the-books type of person. I know there are a lot of bandits out there, but I don't joke about this kind of stuff. I don't think anyone willing to bend the rules is someone worth respecting, especially when money is involved, no matter how small of an amount.

If someone doesn't care about the law, what makes you think they care about you and your money?

For that reason, we believe we should do KYC from the start. We're open to suggestions, however, the alternative is doing KYC at the end (during withdrawals) which would be even worse. Imagine winning a game only to have your money held up by KYC? Yuck. That's how you lose reputation overnight. People will feel like they are being scammed or caught by surprise.

I would rather be upfront. If this was my world, no KYC would exist, but I don't want to take the shortcut, only to force KYC later on just like these other Casinos have done.

KYC only has to be done once and then never again. I'm hoping that users will be willing to do it, simply because this is a unique arcade/club that we have built as a community, and cannot be replicated anywhere else.

This is a fun project that we want to build with you guys, on this forum, so i'll leave this thread open and be extremely active in getting opinions, feedback, and suggestions on what to add to this Plinko game to make it more enjoyable.

Some proposed features
  • All revenue generated from this game is distributed among active players for the first few months
  • Live active users count so you know who else is playing at the same time
  • Solana, Bitcoin, Ethereum deposit options. No fiat for now
  • Lo-fi cafe/arcade-type aesthetic

I'm hoping to launch this sometime in the next few days. Any suggestions are appreciated!! I look forward to building this together.

Let's be realistic, there are already dozens if not hundreds of casinos out there and it is you that may have to come up with a unique selling point to really distinguish yourselves or simply try to carve out a piece of the pie which will likely require throwing huge amounts of money at it. If I was starting fresh these days, I'd probably target one small game like dice and try to create a unique spin on it, maybe have 3 different games running that you specialize in. After you build up a reasonable user base, you could try to expand further because you'd have enough capital behind you to grow. All of the things you've mentioned and likely others here have too, are already available across many other sites.
157  Economy / Gambling discussion / Re: Couple won the jackpot but split soon after! on: April 06, 2024, 09:34:26 AM
Quote
A couple, who had been dating for a mere three months before they won an eye-watering $1.9 million dollars, split soon after.

Based on the situation of this couple, regardless of them being split soon after the winning, I think the best thing to do here is to cut the prize into half so that tensions between the two parties will de-escalate and avoid any confrontation or emotional turmoil and stress that sometimes end up so badly on both of them. Ego clash won't bear good results that is why we need to keep ourselves calm and fair with others especially in a situation like this.

Have you ever tried something like this situation before?
So what is your thoughts on this, 50/50 good for you or nah?
Will you insist to have an ego battle if you are on the same situation?
If your answer is yes then Why?
And if no then why not?
What are the things you would do to resolve the issue?
How do you think you can handle this kind of situation?

Money can change people and it can affect a lot of people in unexpected ways. Imagine if you've been working an average job for 20 years, just paying down the mortgage or rent each month as you grind through life. Then you walk in to a million, or ten, through a freak jackpot winning. All the barriers that you've had ringfencing your life in for all that time crumble down and you can suddenly ditch your job to do anything you like for the rest of your life. Some people will completely change in that scenario and it's somewhat understandable. If you're in a couple, it's really going to bring out your true colors and show things that you might have been hiding or minimizing in all your time together.
158  Economy / Gambling discussion / Re: Understanding the Legality and Myth of Card Counting in Blackjack on: April 05, 2024, 08:38:31 PM
I have learned that card counting is legal in blackjack but casinos frown at it. Most casinos have a surveillance camera that watch each table to catch a player who caught counting cards. A player may be thrown out or banned from the casino if caught counting cards because there is a belief that it gives the player an edge. How true is this or this a myth? If for instance card counting is legal in the UK but outlawed by casinos doesn't it makes it illegal?

It's not a myth, but it certainly takes a lot of talent, patience and extremely good memory to learn it. Your last sentence doesn't even make sense, the government makes the law - casinos and players follow those laws. Casinos are free to make their own terms, which players must adhere to in order to play there or they will be ejected from the casino and possibly banned permanently, that does not make what they are doing illegal and no police are going to arrest them for that alone. Go watch "Rain man", an old film with Tom Cruise in it and someone who plays a mathematical genius for one dramatized example of it. However there are professionals, who work single and in teams to try to win big at casinos using this method. There are some ways a casino can fight back, like reshuffling decks or not showing how many decks are being used in a shoe, which changes the odds.
159  Economy / Gambling / Re: Casinos not asking for KYC to register and play, but do require it to withdraw on: April 05, 2024, 08:26:58 PM
Just a warning in case it prevents someone from falling into this shitty scheme.

I was checking a crypto-casino with very easy entry just asking email and country, and allowed deposits in the main cryptos. I didn't need to deposit anything to realize that to withdraw funds they did require a complete KYC with ID, etc. I also tested registering from a banned country and even indicating it on the form, and it does not prevent you from making a deposit.

I guess I stated the obvious, but I don't see the point for gamblers in using this.
 
EDIT
I'll share the site since so much people is asking, but I guess this is usual:
https://elroyalecasinobonuses.com/ with a referal who leads you to the domain you'll be logged

In FAQ you find it clearly: https://elroyalecasinobonuses.com/faq/

Quote
Do I have to submit any documents when depositing money?
There are no documents needed for making a deposit at El Royale Casino. However, in some rare cases, we might ask you to provide a Credit Card Validation form to ensure the safety of your transactions.

How do I request a payout?
After you have submitted all the necessary documents for proving your identity, you will be able to request a payout in the Cashier section of your account. If you are using your mobile device, you need to go to “Menu,” and then to the section “Payout”.

Quote
El Royale is operated by Wonder Play Company N.V. having its office in Willemstad, Curacao. Company Registration number 162233.

When a user makes an aggregate lifetime total of deposits exceeding USD 2000 or requests a withdrawal of any amount at El Royale, they are obliged to undergo a full KYC procedure, wherein the user shall submit some basic details about themselves and then upload the files listed below:

A copy of Government Issued Photo ID (in some cases front and back depending on the doc)
A selfie of themselves holding the ID doc
A bank statement/Utility Bill

Yeah, pretty fair: give me 2K with no questions, but you won't be able to get a penny without fulfilling the rules. I'ts a regulatory joke. Even is a gambler trap: " I'll try to make it a big ammount so it's worth it to do the paperwork, then you loose. Unacceptable

If you live in most developed countries you better learn this lesson very quick, as it'll end up expensive for you otherwise. There are some casinos that even try going to the lengths of wanting to identify the company that you work for which seems like a gross amount of excess data gathering. In fairness, you'll find lots of them have huge welcome bonuses and if you've capitalized off them, then it's a small price to pay for them to complete identity verification at the payout stage. Sometimes they might catch a few people breaking the terms and retain any winnings, but they should always return the original deposit if that is the case - to be fair. You'll see KYC plastered all over this forum, so should learn to expect it these days.
160  Economy / Gambling discussion / Re: Is playing poker online better than offline? on: April 05, 2024, 08:23:05 PM
I often watch poker videos on YouTube where the player have very good acting to hiding his cards through his flat face. I have seen them being able to win with very bad cards on their hand with a good bluff, all in his chips. So I imagine, and often play poker online, I am very happy if I get a good card and I can't hide it well so just go all in all my chips. So what do you think?, how do other players know when I have good cards when playing online?, Is by check and don't call the bet they know we don't have a good card?, I'm not good at hiding it, sometime when I have double AS, I always all in at the beginning.


It's definitely going to be a personal thing and can even depend on whether you are doing it for pleasure or trying to make a long term profits. Online play is much faster paced, you can have multiple tables running at any one time and you can reach people on the other side of the world. Playing in person is a whole different picture, you can read "tells" much more easily, it has a much slower pace and you might have more table banter going on. Either way, you're going to find bullies and fish in this game, it's probably easier to leave an online table where you are the weakest player and move along, as opposed to a real world table which can be much more restricting or you might only have one table going in some casinos.
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