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Author Topic: Why has no fiat casino adopted provably fair gambling?  (Read 1377 times)
jpcfan
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September 15, 2017, 10:26:34 PM
 #41

i'm still waiting for a vegas casino  to put in 100 just-dice video machines to replace all the old nickel slots.


i would just get free drinks all day and play 10 sats a bet till real drunk.



let's make this happen dooglus.

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September 15, 2017, 11:39:36 PM
 #42

I think it is because from the first time the fiat casino was introduce there were no such things as provably fair and it keep on continue like this, instead of provably fair they were making live gambling, and because most of people not complaining, so no system update were made
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September 15, 2017, 11:54:10 PM
 #43

They do (not the means bitcoin casinos do).  But I promise you if you go to any casino and they are sketchy, you can verify that they are willing to pay out for a big win or anything along those lines.  This probably only applies in the US(at least all I can verify) but casinos must be kept up to date with whatever rules apply to them at that time
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September 16, 2017, 01:29:12 AM
 #44

Provably fair gambling is one of the biggest things to happen to online gaming ever I'd say. It's the only way to give players true peace of mind & create an experience where people can't feel harshly done by. The reason a lot of big punters don't use online casinos is because they are obviously skeptical as to whether they're legitimate & aren't rigging the results. Provably fair gaming changes this.

Cryptogambling.org is actually going go attempt to get this change moving, so check it out!
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September 16, 2017, 04:48:33 AM
 #45

I think it is because from the first time the fiat casino was introduce there were no such things as provably fair and it keep on continue like this, instead of provably fair they were making live gambling, and because most of people not complaining, so no system update were made

In a real casino, no need to please anyone to gamble because they know most of the addicted gamblers will go and gamble and they will be playing on real machines so they are not much worried about fairness. But in online casinos, they need to give a confidence to people that they are not cheating so this fairness concept came in to give a users confidence that site is not doing any cheating.

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September 16, 2017, 07:29:42 AM
 #46

In fact,most casinos do falsely claim that they adopt provably fair gambling for which every player is not able to verify whether they are provably fair or not.
I doubt such gambling brands also have no legal licence for their service.

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September 16, 2017, 10:18:48 AM
 #47

Provably fair gambling is one of the biggest things to happen to online gaming ever I'd say. It's the only way to give players true peace of mind & create an experience where people can't feel harshly done by. The reason a lot of big punters don't use online casinos is because they are obviously skeptical as to whether they're legitimate & aren't rigging the results. Provably fair gaming changes this.

Cryptogambling.org is actually going go attempt to get this change moving, so check it out!

Finally, someone who shares my sentiment regarding the significance of provably fair gaming!
Thank you for the link, I was not aware of this website before.

As I already stated in one of my earlier posts, I heavily believe that once one major brand adopts provably fair gaming,
the other brands will be forced to adopt the technology as well.
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September 16, 2017, 12:23:06 PM
 #48

Whether you seen fiat gambling sites have a game like dice,plinko,etc ? most of fiat gambling site only provide casino games, that's why they not need probably fair. what they need is only license and this same too for casino that accept bitcoin.

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September 16, 2017, 02:32:27 PM
 #49

Stop this topic.  They do provide fair testing for the casinos.  The only difference is the end user(or gambler) cannot see it.

https://www.gamingstandards.com/

Basically these people go around test cards/dice/tables/camera/  pretty much anything you can even think of so that we don't get robbed. 
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September 16, 2017, 05:04:59 PM
 #50

Provably fair sites like Yolodice use cryptocurrency and as such run on the blockchain. The blockchain is used to determine fairness and randomness.

That's not true. Pnline fiat casinos could be just as provably fair as the Bitcoin ones. The fact that they aren't can only mean that there's no demand for it from the people who play at the fiat casinos, because it would be easy to offer.

I guess in general Bitcoin gamblers tend to be more technically savvy than the average fiat gambler, and isn't put off by the concept of hashes. You might find that more fiat gamblers would be scared off if you started shoving "formulas" in their face while they were trying to play.

I think that as crypto gains more and more terrain in the gambling industry, the regular fiat casinos are going to be pretty much forced to step up their game and offer the same as what crypto casinos are offering. If people can get paid in bitcoin and then gamble in provably fair gambling they are going to do it because it's very convenient to do so. I like to gamble and play crypto games with my sig campaign earnings because I get paid with it and I don't need to do the cumbersome step of fiat to crypto conversion.

What is stopping global adoption is

1) Lack of lightning network
2) Easy to find jobs that pay in BTC

This will lead to more use of the currency including gambling.
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September 17, 2017, 12:58:59 PM
 #51

In fact,most casinos do falsely claim that they adopt provably fair gambling for which every player is not able to verify whether they are provably fair or not.
I doubt such gambling brands also have no legal licence for their service.
You see in gambling it is more chance that you will tend to lose than on winning, so basically the casino is cheating on you right from the start that you've played. So the players tend to cheat or in other terms it is what we called 'cooperation', they will play the game as if that they don't even know each other but what they're doing is that they're letting one person to win by signalling the other members, they had this planned so the chances of winning is very high. So if you can see its obvious that every casino has so many cameras and securities. Even if they knew that their profit is at the top.

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September 17, 2017, 06:47:05 PM
 #52

Even with real physical casinos, how do you know that they don't cheat you somehow.

Most likely in the USA there is regulation. However if you go to some other country, and play roulette how do you know that there isn't  some magnet that determines the winning number or some magnets in dice.


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September 20, 2017, 10:41:33 PM
 #53

Which do you guys think is safer ? Fiat or crypto ? I have no idea but I guess I lean towards crypto being safer because if the blockchain. How exactly do fiat casinos prove they legit and fair ? Crypto uses blockchain then what does fiat use ? Anyone know ?

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September 21, 2017, 07:19:02 AM
 #54

Which do you guys think is safer ? Fiat or crypto ? I have no idea but I guess I lean towards crypto being safer because if the blockchain. How exactly do fiat casinos prove they legit and fair ? Crypto uses blockchain then what does fiat use ? Anyone know ?

This is not an easy question to answer.

Basically there are variables. Yes for crypto you got provably fair and hashed seeds. However keep in mind there is no guarantee that the money you will you will be able to withdraw later.

With fiat physical casinos there are regulations in play. At least in most first world nations.

Most casinos have an information guide (one that nobody ever looks at) and it describes how every game is fair. There is usually a brochure for slot games and explains how the bets are generated and the house edge and everything.

Slots actually has a very very high house edge, nobody knows about it because nobody reads that brochure.

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September 21, 2017, 08:27:11 PM
 #55

Which do you guys think is safer ? Fiat or crypto ? I have no idea but I guess I lean towards crypto being safer because if the blockchain. How exactly do fiat casinos prove they legit and fair ? Crypto uses blockchain then what does fiat use ? Anyone know ?

Basically there are variables. Yes for crypto you got provably fair and hashed seeds. However keep in mind there is no guarantee that the money you will you will be able to withdraw later.

With fiat physical casinos there are regulations in play. At least in most first world nations.


I think those are definitely key points here. You normally already trust a casino, specially a land casino, but also big online brands as well, because you know they are heavy regulated, and your money should be safe there. On crypto casinos, users are normally so afraid that they could be scammed, that they need to at least demand provably fair games.
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September 21, 2017, 09:43:35 PM
 #56

i'm still waiting for a vegas casino  to put in 100 just-dice video machines to replace all the old nickel slots.


i would just get free drinks all day and play 10 sats a bet till real drunk.



let's make this happen dooglus.

Haha I can't wait until this happens. Honestly It would probably save the casinos a lot of trouble moving over to that kind of system. Just imagine the first Physical cashless casino? Security could be an issue but hey, they'll know how to handle it Smiley.

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September 24, 2017, 10:56:14 AM
 #57

i'm still waiting for a vegas casino  to put in 100 just-dice video machines to replace all the old nickel slots.


i would just get free drinks all day and play 10 sats a bet till real drunk.



let's make this happen dooglus.

Haha I can't wait until this happens. Honestly It would probably save the casinos a lot of trouble moving over to that kind of system. Just imagine the first Physical cashless casino? Security could be an issue but hey, they'll know how to handle it Smiley.

But they already got some cashless slot games right? Some of them only need to swipe their card to play. But I do not know if that is their really credit card or just another card to play with it. Btw why they should open this kind machines? I believe this will cost so much and people only play with 10 satoshi? This is no way to happens

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September 25, 2017, 12:24:21 AM
 #58

Well I think its a myth that they "Pump oxygen in the gambling floor" to get gamblers to keep gambling.

I do however think that when they offer you free drinks, its probably so it can lossen you up and you will keep making larger and larger bets until you go bust.

Same reason when they offer you a steak dinner or free hotel room. To get you to gamble much.

Its all a game to them.

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