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Author Topic: What are the inconveniences you experience with crypto related gamble projects.  (Read 455 times)
CryptopreneurBrainboss (OP)
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February 09, 2019, 07:52:27 AM
Last edit: February 09, 2019, 08:20:54 PM by CryptopreneurBrainboss
 #1

Since the introduction of crypto gamble related projects the major news has been the advantage it has over the traditional gamble companies we have. I started this topics so you can air your views on some inconveniences you experience with gambling with cryptocurrency on crypto gamble platforms. You don't have to mention the companies/project name, just state the inconveniences you experience or have seen and if you have some idea on possible solution, that's will be great too.

This thread might be of help to crypto gamble companies so they can work on those inconveniences and make your experience in gambling with cryptocurrency more fun and enjoyable.

Edited: When I say inconveniences, I mean wickedness or undesirable situations you face when gambling with crypto related projects/companies.

The word disadvantage is confusing many users so I changed it to inconveniences for better discussion.

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February 09, 2019, 08:35:36 AM
 #2

Disadvantage? Its simple.

Getting gambling addiction
You would lose money

Theres no other than that.

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February 09, 2019, 08:55:40 AM
 #3

I think he means issues or complaints against existing businesses.

From what I've seen, it's always KYC for sportsbooks. Dice and casinos usually don't have those requirements. I don't understand why bookmakers insist so much on KYC, I figure it's just a bad business practice that needs to fade away.

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February 09, 2019, 11:34:17 AM
 #4

I would say it is anonymity that can be the biggest downside to online gabling.
Of course it is the house being anonymous is what's worrying me. No need for one to be an expert to notice that such thing can result in excessively fraudulent behaviour of a casino that has the option to vanish in to thin air.
Smaller hoaxes, not visible to the naked eye can also be in existence, because of little to none threat of consequences.
Should be better to gamble on platforms that have known owners, preferably with a license and well established player base.   

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February 09, 2019, 12:16:44 PM
 #5

I would say it is anonymity that can be the biggest downside to online gabling.
Of course it is the house being anonymous is what's worrying me. No need for one to be an expert to notice that such thing can result in excessively fraudulent behaviour of a casino that has the option to vanish in to thin air.
Smaller hoaxes, not visible to the naked eye can also be in existence, because of little to none threat of consequences.
Should be better to gamble on platforms that have known owners, preferably with a license and well established player base.   
If thats the case then you do better stick on fiat gambling online sites. You can verified the operators but doesnt guarantee you a 100% for them not to ran away with the money but somehow
you do have still the chance to fight on legal aspect. Anonymity on users side is one of the biggest advantage on where most people do prefer.I agree on the thing mentioned above about KYC thingy
with bookmakers but we wont have any choice but to deal with it.

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February 09, 2019, 12:25:02 PM
 #6

Disadvantage about crypto related gamble projects? a lot. But let me give some of what I experienced here about gambling:

1. You can start gambling whenever you are as long as you have funds and VPN (Used in some country)
2. There's a lot of choices to spend your money like (Dice game, Live sports, Virtual sports, Poker, roulette and other casino games) in other words there's a lot of deceiving games to spend your money.
3. Once you won one time you still want more and in the end you don't have anything (Greed).
4. Accessible through mobile phones in my experience i do gambling anywhere as long as I have funds and access to internet.

To summarize all of this the best word to describe this is the word: ADDICTION

Gambling is not bad it becomes bad if you do gambling without control after all it's the person whether the gambling will be good for him or bad.


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February 09, 2019, 12:25:53 PM
 #7

Gambling sites have issues of givig back the rewards if they have won a big amount so which make the question among the gamblers how much they were trusted but on the other hand it is more advantageous than fiat gambling sites.









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February 09, 2019, 01:28:55 PM
 #8

This thread might be of help to crypto gamble companies so they can work on those disadvantages and make your experience in gambling with cryptocurrency more fun and enjoyable.
1. I do see most gamblers are not satisfied with transparency of gambling houses hence a better system than "provably fair" may convince them at some levels.

2. More P2P games. I am well aware of practical limitations of P2P environment. Still, I do see many gamblers are demanding it compared to playing against house.

3. Quick and effective customer support. Even tier-1 houses are now a days replying, waiting for "higher people" to conclude.

4. Well defined TOS. No case to case rules.

5. Enhanced mobile gambling experiences. Gambling on the go is biggest demand for many people here.

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February 09, 2019, 01:32:44 PM
 #9

I remember seeing complaints about couple of gambling sites modifying terms of contests to reduce the amount won by users or to revoke it.
I do not remember seeing gambling sites closing and running with users cash unlike exchanges.
Addiction and KYC are the most negative points in those projects.

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February 09, 2019, 01:41:58 PM
 #10

not sure why people posting KYC as a disadvantage for crypto gambling

some crypto sites might ask for KYC sometimes , while when it comes to fiat betting literally all the sites I know won't allow you to withdraw unless you apply to their KYC

for me the negative side is the price movements , basically crypto gamblers are taking another gamble when they are betting with crypto
but it's fine I guess since I have no other option
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February 09, 2019, 04:33:00 PM
 #11

There's really very few disadvantages for crypto gambling for me personally. I guess volatility can be a problem for some, but my main goal's just to increase my stack of BTC so it's really not a big problem for me in the long run.

Some sites are also indeed fishy and do things that are questionable to say the least, but that's to be expected when most crypto casinos advertise anonymity and are rather anonymous themselves.

I really don't care about mobile access with most casino sites. My phone's pretty crappy and lags even when opening Chrome, but for those with better phones mobile access can be important. I also feel some sites should offer optimized mobile sites in addition to just having a mobile site, as I've noticed some sites on mobile devices lag more than others for whatever reason.
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February 09, 2019, 07:42:46 PM
Merited by CryptopreneurBrainboss (1), GregH37 (1)
 #12

This thread might be of help to crypto gamble companies so they can work on those disadvantages and make your experience in gambling with cryptocurrency more fun and enjoyable.
1. I do see most gamblers are not satisfied with transparency of gambling houses hence a better system than "provably fair" may convince them at some levels.

2. More P2P games. I am well aware of practical limitations of P2P environment. Still, I do see many gamblers are demanding it compared to playing against house.

3. Quick and effective customer support. Even tier-1 houses are now a days replying, waiting for "higher people" to conclude.

4. Well defined TOS. No case to case rules.

5. Enhanced mobile gambling experiences. Gambling on the go is biggest demand for many people here.
Nice things, a new gambling house may take note of these. But, I feel OP is asking about disadvantages of crypto related gambling project. For that simple answer is losses and addictions but I wonder what a gambling house will do on that. Hence, I guess OP must need to edit the subject-line to something which will be appropriate for improving a gambling house.

@OP
I understand you are misusing the term "disadvantage" instead of "inconveniences" or "uncomfortable". If you edit both open-post and subject-line accordingly, I guess this topic may bring more useful things to this community and to crypto-gambling industry too.
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February 09, 2019, 07:57:19 PM
 #13

I understand you are misusing the term "disadvantage" instead of "inconveniences" or "uncomfortable". If you edit both open-post and subject-line accordingly, I guess this topic may bring more useful things to this community and to crypto-gambling industry too.
I agree. Due to this reason many people have already denoted about gambling addictions but obviously a house has nothing to with the consequences of gambling for a gambler. They are doing a business with gambling and if we ask them to do something against gambling then they may need to restrict the chances for gambling but I am sure that no houses will be preferring that as it will lead to impact on their business progress. So, we cannot expect a house to work against the disadvantages of gambling but they will work on enhancing our experiences. Hence, we must point out related to enhancing our gambling experiences.
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February 09, 2019, 08:01:39 PM
 #14

There are two things I consider as disadvantages experiences I have with crypto related stuff.

First thing is that, as we can see that BTC is going down the funds I had dropped off and it hurts me big time. Well yes, sometimes being a volatile cryptocurrency is both advantage and disadvantage but these days I am actually experiencing big losses from crypto.

The second one will be the acceptance of my country in cryptocurrency.
The country I am living in today wants to regulate cryptocurrency and they see a big threat that would affect our economic growth and that is the reason why they are trying to limit the uses of cryptocurrency and acceptance of it.

Those are the two disadvantages I have experienced in crypto related stuff.

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February 10, 2019, 02:19:03 AM
 #15

Disadvantage? Its simple.

Getting gambling addiction
You would lose money

Theres no other than that.

I agree addiction will only gives you the loss and it will not be controlled by anyone without getting addicted so it will be a disadvantage in gambling.
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February 10, 2019, 04:28:14 AM
 #16

When last will came to the project that we are gambling will definitely give the inconvenience and being addicted also been giving you the last only so be careful when camping and make your limitation properly and don't enter into gambling without preplan.
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February 10, 2019, 04:45:45 AM
 #17

I think I don't have inconveniences in gambling because so far, I feel that I can enjoy the games. But the problem that I might think is when we can win the money and wants to withdraw, we might get a problem, for example, we need to send document before we can receive the money. The other problem people can get they get scam by the gambling websites because they win so much money without any chance to withdraw that money.

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February 10, 2019, 04:57:05 AM
 #18

I'm not that much into gambling but also bets for some NBA games and some dice when I got some extra funds, the idea of using crypto for gambling activities was so helpful, as we can easily play without a lots of registrations and providing documents as many fiat based casinos needs before allowing
you to play, the only downside, each time you based your funds into fiat and convert it into crypto chances to lose its value is always behind you, so when you win and the value of crypto falls surely it will be felt after withdrawing and converting it into fiat.

Some delayed from withdrawal of your funds also ends up the same when crypto value falls.
GregH37
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February 10, 2019, 07:23:52 AM
 #19

I do feel gambling houses must work on reducing their house-edge, so that gambling will be more profitable and excitement filled for all the gamblers. I'm not seeing any possibilities for houses to be working on this still if they are ready to loss some parts of their profits then that will be very good thing for this community.

After house edge, I believe houses must work on improving their customer support area which is the biggest concern for many gamblers here.
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February 10, 2019, 08:52:14 AM
 #20

I think that many companies have quite a big rollover requirement for bonuses. That makes it quite hard to make any money with the bonuses they pay out. Finding one that doesn't have the usual big rollover requirement has been hard for me.   

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