Hello,

I need some feedback from you guys who are familiar with online gambling with bitcoins.

I'm doing a paper for my Thesis and part of it deals with this new type of gambling.

This paper is a pretty serious thing to me so please answer only if you have a good knowledge on the topic.

• Apparently the law about bitcoin gambling is not very precise or clear. I also found that few of those websites are registered as an actual company. If they are, the company is not always created in the same place : Texas (US), Ireland, Deutschland, etc...
  
  Do you know if those company risk something ? Does the law apply on where the company was created, or on were they host their info (i'm not very good in IT, but I mean their "servers" for their site) ?
• I see a lot scripts for bitcoin.  Apparently it's very valuable in this world of online gambling and I see a lot of people trying to find those. I guess it has to do something with the game "algorithm". Are the games really that hard to recreate ? Or maybe it does more than just the games ?
• By looking a little bit on what "chances" you had to win, I found they often refers to "hashtag". For instance on this website https://www.moneypot.com/faq#fair I'm not sure what a "hash" means. They claim it's a proof to show you they are not changing the odds.
  
  But still, I don't understand : does this system is 100% sure for the user ? Is there anyway for the website to corrupt this data and choose their own odds ?
  Finally, I see a lot of "mee-too" websites when it comes to bitcoin gambling. As some of you said on this forum, a lot of them are scam. I understand that. What I don't understand is how you can make money fast with this type of "scam".
• Let's consider you have 100 games played on your website for a day. Statistically, it's very possible that players win more than 60 games during this day. That would mean that with the 40 last games you don't have enough to pay the 60 other back.
  
  It seems to me you need a heck lot of money to make sure the "bank" is not gonna go bankrupt for the first couple of weeks or months. How do they manage to deal with this potential loss ? 

Thank you very much in advance for your answers.

If you are interested I can pm you the final paper once it's finished.