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Author Topic: Bitcoin Gambling is Exploding  (Read 18017 times)
the_poet (OP)
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April 03, 2016, 06:11:14 PM
 #1

http://cointelegraph.com/news/bitcoin-gambling-is-exploding

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April 03, 2016, 07:50:19 PM
 #2

Was to be expected to happen right? I mean, in countries where gambling is illegal, bitcoin offers the perfect solution without any direct traces to your fiat accounts.

What I like most though, is the possibility for relatively trustless betting (e.g. you send coins to an address for a bet), where you don't even need to have an account at a certain website (yeah, it is gonna be slower though).

Also deposits and payments, expecially for large amounts, are much easier than with fiat as hardly any verificications are required.
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April 03, 2016, 07:53:43 PM
 #3

I also like this Bitcoin just because of this Gambling because now I can play my favorite plays without any verification and problem and have some very good and big wins in my account which was just a dream just few months ago
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April 03, 2016, 07:58:04 PM
 #4

It is easier for bitcoin casinos to get players because the value of what they play with are not dictated at a the same value when they deposit then from what they cash out with. So there is a caveat there for how much the gambler thinks they are spending at one time.

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April 03, 2016, 08:08:10 PM
 #5

Not really a surprise is it now ? Just ask yourself what do real gamblers want and then look at what bitcoin is offering to them..
The only thing i think that needs more progress is bitcoin availability , easier and faster purchases to be more precise. After that there will
probably be a much bigger boom in bitcoin gambling than it is currently. The future is bright.
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April 03, 2016, 08:11:36 PM
 #6

Not really a surprise is it now ? Just ask yourself what do real gamblers want and then look at what bitcoin is offering to them..
The only thing i think that needs more progress is bitcoin availability , easier and faster purchases to be more precise. After that there will
probably be a much bigger boom in bitcoin gambling than it is currently. The future is bright.
The problem that I do see as of now is the confirmation times to get the bitcoin to the casino wallets so the gamblers can use those funds. This only started happening in the last 14 days that I have noticed.

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April 03, 2016, 08:12:02 PM
 #7

Aaand gambling gets banned in some countries because of this article.

Gambling is exploding. There's no doubt about it. The only problem is the availability of bitcoin. If it was easier to purchase, bitcoin gambling would truly take off and bump the bitcoin price up.

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April 03, 2016, 08:12:08 PM
 #8

For them its new, I knew that will happen. But still its not the big as it can be. Bitcoin gambling is still young but for few year we will see completely different picture. I just can say couple words about poker, there is no poker tournament in dollars or euros.. that can come close to prizes that bitcoin sites offer. For couple dollars you play for very big prizes. Some people see that only now, but there is time. I expect even bigger explosion.

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April 03, 2016, 08:21:04 PM
 #9

Gambling has been playing an important part in having Bitcoins run smoothly growing at a steady pace, and if this is exploding, I guess we are sure to see some price hikes for BTC too...
Gambling has never been easier, but BTC gave everybody a room to just hide their identities and gamble freely anytime anywhere, which is why this was going to happen, and this is just the beginning...

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April 03, 2016, 08:25:46 PM
 #10

this was something everyone was waiting to see it happen. Bitcoin is the perfect tool for gambling. it enables people to continue to gamble in coutries where there are a series of restrictions.
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April 03, 2016, 08:28:41 PM
 #11

I wish the Bitcoin sportsbooks offered more attractive bonuses to new players. And the odds could be better unfortunately the fiat bookies have better odds. But I like the anonymity of Bitcoin and the lack for account verification is very convenient plus I don't want my bank to know I have been gambling all week long Cool If only the frickin odds were better oh well.
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April 03, 2016, 10:57:23 PM
 #12

The poker scene needs to be regulated or we will continue to see fishy RNG platforms that get people to play any two cards rather than nit and tag.
Sports needs a bit of work on the lines,can get better odds often at the old stand by outside bitcoin on the web like pinnaclesports.
Casino is as usual still a rigged game and do not see any ways to make that more legit.

If a poker site opened today with a audit of their platform coming up clean it would go along way for developing the poker scene.
Till then you have the small players and gamblers willing to risk chances of being cheated.

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April 03, 2016, 11:05:30 PM
 #13

It's true. Just recently I went to the project development forum to go see the lovely projects everyone's working on to grow and support Bitcoin, and a user made a post about how they found an outlet for people to make their own personal gambling/dice sites as much as they please. It really is becoming an epidemic to me as gambling is quite addictive and we want to make this currency look fresh, humble, safe, and respectable but then we have things like this happening.


Again, I'm not trying to insult gambling.
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hee-ho.


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April 03, 2016, 11:09:05 PM
 #14


yay. more money for the casino owners and more bitcoin users from around the world. not sure if I should be happy or sad after reading that.
well, better than ponzies, I guess.  Grin
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April 03, 2016, 11:13:00 PM
 #15

Thats not very surprising as it is probably one of the easiest ways to do it. Its anonymous and decentralized. Giving the best way to gamble.


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Palinanv
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April 03, 2016, 11:23:58 PM
 #16


yay. more money for the casino owners and more bitcoin users from around the world. not sure if I should be happy or sad after reading that.
well, better than ponzies, I guess.  Grin
I am personally sad because it makes or currency look more money hungry.
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April 03, 2016, 11:34:15 PM
 #17

it is a perfect solution for the person that likes to gamble in restricted country, the bitcoin anonymous feature provides a comfortable solution for gambling secretly

the bitcoin gambling provides a win win situation for both player and the casino, so i think this is a good thing


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April 03, 2016, 11:50:28 PM
 #18

All owners of bitcoins casinos don't pay taxes so long people don't know they own Bitcoin casinos. With that knowing they all start massive casinos around the web hoping they can become millionaires without people asking how they ever earned that much money.

Casinos who are pay there licenses and taxes don't like Bitcoin casinos at all and what thinking about governments. So hide your ass really good if you own an casino once they come get there taxes.
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April 03, 2016, 11:58:13 PM
 #19

Being able to Gamble semi-anonymously is also a plus for most. Some well known gamblers want to keep their identity secret, so bitcoin's a good go-to.
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April 04, 2016, 12:06:38 AM
 #20

Being able to Gamble semi-anonymously is also a plus for most. Some well known gamblers want to keep their identity secret, so bitcoin's a good go-to.
I like this aspect too. Why would a gambler want their where abouts known to anyone, especially their wives  Cheesy
That is why so many use it and you don't have to leave the comfort of your home to do it either. So there are two big pluses right there!

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