Too many scam accusations against many gambling houses like cloudbet, betcoin,vegascasino, powerbet and sportsbet. Can someone explain why so many scam accusation when their overall balance should be positive, they have been online for a long time and they have the house edge. Did their greediness surpassed every frontier ?
Based on what should their overall balance positive?
Of course do they have a house edge, but they have also a lot of monthly costs (Salaries, gaming software, advertisement, promotions, affiliate commissions, etc.) and the competition is high.
Examples:
- Betcoin.ag's main revenue was poker, but they offered for a very long time 80 - 140% rakeback + promotions. I trust you can see that this is not sustainable.
- Powerbet was promoted as the best odds and they offered 35% affiliate commission. So this was anyway likely a ponzi scheme.
- Sportsbet is since 1 year on the market and they offer habitually to good to be true promotions and leaderboard prizes
Even if an operator has a win after 1, 2 or 3 years (thru hard work), it is unlike easier to simply embezzle the player deposits and winnings!
Take a look at bitsport.bet, their rank is 10,000,000th at Alexa. How could they be profitable?
Betopen.co is new and has a ponzi scheme affiliate system, etc.