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Question: Do you think faucets help or hurt the Bitcoin Casino industry?  (Voting closed: May 14, 2015, 08:49:26 PM)
Help because I like free money I don't have to earn. - 15 (40.5%)
Hurts because it attracts people who have no bitcoin and are a drain on the Casino and resources. - 6 (16.2%)
Faucets do both good and bad for the industry. - 16 (43.2%)
Total Voters: 37

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Author Topic: Poll: Are faucets actually good for Casinos?  (Read 2172 times)
BitBatFan
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May 10, 2015, 07:46:31 PM
 #41

If faucet is the right amount (not too small, not too big) it's good for casino. But, if it's to high players will take advantage of this and withdraw funds as soon as possible.
Superhitech
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May 10, 2015, 07:53:08 PM
 #42

Casino faucets should have a high verification level, so people don't use bots to abuse the faucet system. If so, the faucet is good for the casino and the players!
Stars
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May 11, 2015, 05:44:29 AM
 #43

Casino faucets should have a high verification level, so people don't use bots to abuse the faucet system. If so, the faucet is good for the casino and the players!

Agreed. If they had a more complex verification for the faucet, they would likely increase the amount you would be able to claim from it too which would be a win win.

blumangroup
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May 11, 2015, 05:49:49 AM
 #44

Casino faucets should have a high verification level, so people don't use bots to abuse the faucet system. If so, the faucet is good for the casino and the players!

Agreed. If they had a more complex verification for the faucet, they would likely increase the amount you would be able to claim from it too which would be a win win.

I think the increase will be minimal at best wouldn't it? The thing is with casino faucets i really don't see the need for them, yeh you get to try out the site but most of the time, if you have gone that far to use the faucet you would go that little further and deposit a few satoshi. I voted hurts for that reason to many freeloaders, while you give people free satoshi that could be spent giving better first deposit deals and lower requirements.

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LiQuidx
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May 11, 2015, 07:10:32 AM
 #45

I would say that is good because it gives you the chance to experiment with the site without having to deposit. Then if you like it you can go on and deposit. On the other hand a lot of people trying to abuse it which sucks but there are things to do to avoid it. Overall I'd say faucet has more positive aspects than negative.

 

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xKomatsu
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May 11, 2015, 07:20:42 AM
 #46

Casino faucets should have a high verification level, so people don't use bots to abuse the faucet system. If so, the faucet is good for the casino and the players!

Solvemedia it is, high verification level + site owners can earn from it
XinXan
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May 11, 2015, 08:01:29 AM
 #47

Its highly unlikely that you would be able to win big amounts of money from a faucet of 2000 satoshis for example, most people would lose before reaching 0.01 and even if you reach it most people would greed and end up loosing anyways so im pretty sure the casinos do not lose almost any money with faucets
KimNam
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May 11, 2015, 08:13:48 AM
 #48

Faucet is very good for casino owner, it can attract new visitor to try their gambling site.
It also can make a lot potential new gambler which are starting from faucet.

I have experienced about this case. My friend is faucet hunter, only try to earn bitcoin for free from faucet.
One time he knows about faucet in bitcoin dice casino and start using that faucet.

He learn about that game and start gambling using faucet bonus as capital to gamble.

One day he won several times and withdraw good amount of bitcoin (compare to results from faucet Cheesy )

And for next day he start to use his own coin as capital to gamble there and lose many coins Sad

Still curious about his luck, he start buying bitcoin from his money and gamble it on casino.

What's your guess? Happy Ending or Bad Ending? Cheesy
XinXan
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May 11, 2015, 08:26:18 AM
 #49

Faucet is very good for casino owner, it can attract new visitor to try their gambling site.
It also can make a lot potential new gambler which are starting from faucet.

I have experienced about this case. My friend is faucet hunter, only try to earn bitcoin for free from faucet.
One time he knows about faucet in bitcoin dice casino and start using that faucet.

He learn about that game and start gambling using faucet bonus as capital to gamble.

One day he won several times and withdraw good amount of bitcoin (compare to results from faucet Cheesy )

And for next day he start to use his own coin as capital to gamble there and lose many coins Sad

Still curious about his luck, he start buying bitcoin from his money and gamble it on casino.

What's your guess? Happy Ending or Bad Ending? Cheesy

Yes that was my point, people is greedy and they will eventually lose everything even if they won it from free faucet. But a Faucet Hunter is a interesting thing, you can register on 4-5 different casinos that use faucets and use a fast strategy like betting everything on 50% 10 times or betting 1/4 on 5% something that would make you win a lot with really low chances, if you are lucky you could actually benefit from this
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May 11, 2015, 03:27:40 PM
 #50

I didn't vote because I didn't like any of the options but I'll tell you my opinion.  Faucets are good in general for Casinos and any business trying to spur the development of Bitcoin as a viable currency.  Faucets generate interest and spark learning about Bitcoin.

Also, there is no law mandating faucets so it's purely up to the business to have faucets or to not have faucets.  Some casinos have faucets and some don't but it's not like the faucet is what makes the Casino. 

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Lorenzo
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May 11, 2015, 04:09:58 PM
 #51

If faucet is the right amount (not too small, not too big) it's good for casino. But, if it's to high players will take advantage of this and withdraw funds as soon as possible.

Agreed. The changes that were made to Primedice are proof of this. Primedice 3 used to offer 1,000+ satoshis per minute to semi-regular players. This was an increase from the old PD2 which only awarded something like 200-500 satoshis per minute. Eventually it was found that too many people were abusing the faucet so Stunna was forced to decrease the payouts, tighten up the rules for leveling up (since a higher level meant a higher faucet amount), and enforce a longer waiting period between claims. I'm sure that the faucet was one of the reasons why PD became so popular and much like traditional faucets, they can help newbies become familiar with the site before they graduate to "real" money, but PD3 was proof that a faucet that is too good just doesn't make good business sense.
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May 11, 2015, 05:21:20 PM
 #52

Faucet for casino is overall good for me. The only thing i dont like about it is people abusing faucets

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May 11, 2015, 06:58:05 PM
 #53

I am surprised it's so close voting between the freeloaders and 50/50's. Keep the votes coming the data could be valuable.

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