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Author Topic: If bitcoin can be used in gambling. Is it possible to use it casino?  (Read 8075 times)
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November 23, 2017, 06:25:03 PM
 #221

Yes bitcoins are been used in on-line gaming an on-line casinos but if you are talking about casinos on the Vegas strip then the answer is a big no. You can read the article on the below given link to understand why this happens

https://www.coindesk.com/why-you-wont-be-using-bitcoin-in-a-us-casino-anytime-soon/

Looking forward to hearing your views on this.

Thanks and Regards
Yes, Bitcoin is widely used in online gambling and casino but if will be very difficult to drag bitcoin to the real-world cession as in some countries it is still illegal to operate a cession and addition to this is bitcoin is also not allowed in some countries so this will make a great barrier for bitcoin to reach this casino. Government should also take part in this so that bitcoin is accepted everywhere.

This will only happen when government declared bitcoin as a legal currency in their country than people can use bitcoin in the real-world gambling and casinos for sure.

I haven't seen any real life casino that accepts bitcoin yet. There are loads of websites that accepts them. I think it would be hard for gamblers to wait for their transaction to be confirmed in real life casino... Also, why should they use their bitcoins to gamble and pay huge fee if they can use fiat instead.

 
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November 23, 2017, 06:25:35 PM
 #222

I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.
Some casino accepts bitcoin. But those casinos are online or can be played online like gambling sites.  because bitcoin is a electronic currency. Casinos for bitcoins are online. You can check the list of different casinos online here https://www.casinolistings.com/banking/bitcoin

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November 23, 2017, 09:35:34 PM
 #223

If you see there are some casino projects that use bitcoin as a means of payment. they use bitcoin as a means of gambling. it's easier than you gamble with fiat money. a lot of gambling platforms that use bitcoin. so I think maybe in the future the use of fiat money at casino will end. and will be replaced by digital money or bitcoin

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November 23, 2017, 10:12:40 PM
 #224

Casino still need permission from government so if the goverment ban bitcoin, the casino can not accept bitcoin instead of cash or other currency at least in public ! You can find many palace you can gamble by bitcoin but it is just a small number. When bitcoin can be public, casino will accept bitcoin automaticaly
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November 24, 2017, 03:22:20 AM
 #225

Yes, it is possible because most of the online casinos using bitcoin as cash at the present. Since I was playing gambling I have a list of gambling site where do I play. Sometimes I bet into “SPORTS”, also I played “POKER” and most of all is “DICE ROLL” these games are available to different sites and it was using bitcoin as amount to bet.

Moreover, for now since bitcoin are starting to become famous in any sides of the world, also they used it now into illegal. If you notice most of the gambling sites thru online are illegal and no government protection.
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November 24, 2017, 07:39:29 AM
 #226

Bitcoin is use the gambling. It easy to work and trancation for the bitcoin with process. It not affect any so more of the people use the bitcoin in gambling. Bitcoin it useful to future growth and gather information from bitcoin. it increases the price day by day. Bitcoin is trancation to any where and any place to transfer the bitcoin. If money will be tranfore it will have some probable. So bitcoin is easy to transfer the other account.
There is no point of denying this fact that bitcoin is really a very good thing, in fact the best thing which this world has ever seen. The thing is you can use bitcoin anywhere in the world. There is nothing bad in that. There are likely chances of bitcoin to being used in casinos. This will really help bitcoin in getting more fame as more number of people will know about bitcoin in this way.
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November 24, 2017, 08:59:16 AM
 #227

I dont have any idea also. Bitcoin in exchange of chips? Maybe they accept it if the cryptocurrencies are converted into fiat then exchange it with chips. You can ask your casino if they will but i think they are not because bitcoin doesnt have a stable value.

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November 24, 2017, 10:11:43 AM
 #228

there is alot of website such accepting bitcoin as payment

 even football match, esport and so on.

if you are refering to "brick-and-motar" casino.. well , i think they wont accepting it any time soon .. maybe in the next few year
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November 24, 2017, 01:57:09 PM
 #229

I think there are casino sites who preferred to accept btc, all you have to do is to deposit your btc on gambling sites, then you will also used to gamble online, The procedures to gamble is like btc to btc. Because when it comes to fiat currency, as far as i know, BTC has no definite value.
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November 24, 2017, 07:17:40 PM
 #230

Of course that thousand online casinos accept bitcoin because it is an easy way to control the payments, but I don't see them using it in the real world since it's hard to control it and government will not be able to correctly tax it. In the end i'ts all about the government rules, because if it's easy to do money laundering with fiat currency, just imagine what they can do with bitcoin! Maybe if someday we find a good breakeven of regularization for both government and bitcoin users, I am sure bitcoin will be used for casinos and also most of thing that we usually buy with fiat money.
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November 24, 2017, 07:34:54 PM
 #231

Hi and Welcome to Bitcoin Forum! Smiley

Bitcoin is the cryptocurrency whose market value is rising day after day due to increase in people entering in this market. Due to it’s popularity, Bitcoin is now being used in gambling and in some casino’s too.As the online casino industry looks to keep pace with the fast growing world around it, one of the many things they are implementing is the ability to use Bitcoin as both a deposit and a withdrawal method. This can offer a lot of benefits to the player, and it’s something that many casinos are looking to exploit.

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December 17, 2017, 11:43:39 PM
 #232

I think there are some casinos who accepted btc as a exchange in but i here in my country i did not encounter that they are accepting, but I am looking forward that they implement it because its an easy way to transact with bitcoin through casinos.A lot of benefits in the player if they will accepted it.
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December 18, 2017, 07:53:42 AM
 #233

For now, I think Bitcoin only can be used to play online gamble only but use it in Casino, I think we still can't do it cause Bitcoin is not legalized in any country yet, beside Casino only accept cash for payment so at the moment if we want to use Bitcoin in Casino I think the only way to do it is exchange Bitcoin into cash Smiley

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December 18, 2017, 07:57:40 AM
 #234

Bitcoin is already accepted in many online casinos and it shouldn't be hard for physical casinos to start accepting it.  They could use bitpay or other services to automatically convert them to fiat if they are not bitcoin supporters.
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December 18, 2017, 03:23:51 PM
 #235

bitcoin indeed can use for gambling and as you can see there are plenty bitcoin gambling sites available currently but regarding your question that bitcoin exchange to chips and gamble which mean whether bitcoin possible or not to use for physical casinos but i think this is possible in the future if there is more demand for this feature then i'm pretty sure the casinos will considering this

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December 18, 2017, 04:28:22 PM
 #236

I have no idea if casino will ever accept bitcoin as exchange for chips that is used in gambling.

as of now it can be use online for casino, some casino are having crypto currency not just bitcoin so you can use it,
hey bro just be cool and dont rush on your decision, gambling is very addictive game better control yourself. or if you can, stop gambling!
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December 18, 2017, 04:31:20 PM
 #237

I have seen a physical casino that used Bitcoins. It hadn't a license, though.. Just for few friends to meet and gamble. Still profitable.
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December 18, 2017, 04:58:06 PM
 #238

bitcoin indeed can use for gambling and as you can see there are plenty bitcoin gambling sites available currently but regarding your question that bitcoin exchange to chips and gamble which mean whether bitcoin possible or not to use for physical casinos but i think this is possible in the future if there is more demand for this feature then i'm pretty sure the casinos will considering this
Pretty sure it would really be possible on near future seeing on bitcoins progress and popularity is really increasing as of these days specially its price did really make buzz on to the entire world.Seeing on all the gambling sites and casinos sites online which do accepts bitcoin there are really lots on numbers which we can really say that there is really the interest of the gambling community.Sooner or later it would really be implemented on physical casinos too.

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December 19, 2017, 07:02:51 AM
 #239

There are projects lately involving bitcoins with casinos like the providence, i don't know how it will work but i think you can use it as a mode of payment to the casino or you can exchange the bitcoins into their created altcoin.

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December 19, 2017, 08:33:08 AM
 #240

There are projects lately involving bitcoins with casinos like the providence, i don't know how it will work but i think you can use it as a mode of payment to the casino or you can exchange the bitcoins into their created altcoin.
Yeah, that is the most possible answer on this thread. Like many of us said that the bitcoin is too much unstable specially in its currency. So its better to exchange it in a tangible token to guarantee it's value.
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