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1  Economy / Gambling discussion / Fake bets on: March 12, 2021, 10:28:31 AM
Edit:
This seems to be a pretty controversial subject, so I decided to write this blog post to expand on my thoughts on this:
https://twitter.com/CSGOEmpireV2/status/1375068884584267778


I'm curious to hear what the Bitcointalk community thinks about this topic;

Casinos using fake bets to attract new players.

I was surprised to learn that the vast majority of videos and streams on Roobet.com are actually fake.
Here are a couple of examples of different deal formats that casinos are making with the influencers:

A) Bet amount inflation; The streamer only wants to gamble with $100. The site gives them "$10000" in funds, but only 1% of this is withdrawable. The viewers will think that the streamer is gambling with $10000, while in reality, they're only risking $100.

B) Infinite refills; The casino makes an agreement with the streamer. Let's say they want to pay the streamer $50,000 for a sponsorship contract. They start giving the streamer endless $1000 refills, which the streamer is supposed to gamble with. They will repeat this process until they "win" $50,000. The streamer will pretend to be shocked and highlight this big win in all of their social media channels. However, the truth is that there were zero risks involved for the streamer, and the final outcome was already known -- It was just a matter of time.

I brought this topic up in Roobet's Bitcointalk thread, and I was quite surprised to see a lot of people defending them, saying that this is totally justified. They mentioned points such as:
- "This has been going on for years. It's normal in the casino community."
- "The streamers are honest about it. They have a disclaimer somewhere stating that it's fake." (Their explanations usually are very indirect and abstract.)

In my personal opinion, this sort of marketing is highly deceiving and dishonest. Roobet (and other casinos) are inflating their systems with fake bets, pretending to be more popular than they really are. This is a loss for both, legit sites that don't want to inflate their numbers, and legit streamers who don't want to participate in the circus of fake bets and fake reactions.

What do you think?
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