coinplus
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February 10, 2019, 09:44:53 AM |
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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.
But, even with high wagering limits like 40x, some gamblers are able tomanage successfully toward cashing out. So, I am not thinking it will be possible for houses to reduce the rollover requirements. If they go for anything similar to that, that might be very much similar to suicidal. Instead of providing bonuses with easy wagering conditions, they may go for raining out cash prices directly ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . Gambling is still a business for houses hence we cannot ask any improvements which may impacting to their core business levels.
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davis196
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February 10, 2019, 12:51:56 PM |
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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. P2P gambling games are the future of gambling.I think that all those online casinos (crypto or fiat) will fade away,so it's pointless to discuss their inconveniences or disadvantages. A well developed peer-to-peer gambling platform won't need customer support and "probably fair" terms of service.
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playboy654
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February 10, 2019, 01:04:00 PM |
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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.
In sometimes the things that we are doing is only going to the wrong direction especially getting addicted and making more losses and choosing the camp website for investment so these type of inconvenience will definitely happen here.
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Ewinsane
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February 10, 2019, 02:39:23 PM |
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P2P gambling games are the future of gambling.I think that all those online casinos (crypto or fiat) will fade away,so it's pointless to discuss their inconveniences or disadvantages.
I am also loving p2p games but most gambling houses are not at all supporting them. I agree p2p games will be the future of crypto based gambling industry as decentralized gambling platforms are getting popular now a days and for decentralized environments, p2p games are the only feasible games to have. A well developed peer-to-peer gambling platform won't need customer support and "probably fair" terms of service.
Yes, that is the reason sports betting are not needing any cross-check as sports betting are modified version of p2p environment through odds. Still, customer support is always needed as we cannot be sure when a payment get struck or when a user may lose his credentials to access their accounts.
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omonuyak
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February 10, 2019, 02:58:55 PM |
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I have never experienced any inconvenience with crypto gambling. The gambling industries are really getting encouragement from blockchain technology and I believe many of them are expanding all over the world because of cryptocurrencies.
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mr.robot8
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February 10, 2019, 05:35:56 PM |
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be gambling addicted, maybe sometimes not be able to place a bet because the deposit had not been completely arrived/credited (sluggish blockchain / number of confirmations)
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Heisenberg_Hunter
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Heisenberg Design Services
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February 10, 2019, 06:10:44 PM |
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Gambling on the whole has been a wide market which brings in billions of money per year across the world. People tend to lose and win all over the year, but there is an increasing adoption of iGaming throughout the Gambling sectors. iGaming in the sense, they are similar to gambling but are regulated by the laws and the integration of network along with gambling has brought in a lot of interest. Nowadays, the crypto projects based on iGaming is increasing at a faster rate. I do believe trust was one common factor which prevented gamblers from using iGaming from the manual gambling.
The neighbouring countries of Europe and Asia seems to be dominating the gambling market with the primary interest of them being sports betting and online poker games. Currently the gambling sector has a strong market of around $50 billion which is quite big. But these market are based on manual gambling and very little is contributed through the iGaming sector. But with the growth of blockchain technology trusting a third party is completely eliminated and this brings in a lot of hope among the gamblers to use the iGaming sector.
[1] Coming to the crypto related projects, the primary disadvantage related to using cryptocurrency in gambling is it's volatility.
[2] Secondly, commissions. Cryptocoins are highly volatile which leads to these commissions getting very high or very low.
[3] Smart Contract failures too play a major role in the failure of a gambling project. Bad code and a badly written smart contract code will make you lose millions of dollars.
[4] Jurisdiction : Cryptocurrency is still being seen as a illegal tender in various countries around the world. In these countries, gambling with cryptocoins would probably be banned.
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Ucy
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February 10, 2019, 07:04:52 PM |
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Wish the question was "advantages and disadvantages of Decentralized gambling platform over the centralized gambling." I expect people to use the decentralized ones for obvious reasons but it seems no one cares too much.
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CryptopreneurBrainboss (OP)
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eXch.cx - Automatic crypto Swap Exchange.
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February 11, 2019, 10:31:46 AM |
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Wish the question was "advantages and disadvantages of Decentralized gambling platform over the centralized gambling." I expect people to use the decentralized ones for obvious reasons but it seems no one cares too much.
No we already know the answers beside you don't ask such question in a forum filled with users wearing signatures of decentralize gamble platform the answers will just be one sided you ask such question in open fields to get better result. The topic started as what are the disadvantage your experience with crypto related gamble platform but some people weren't understanding me so i have to change it to inconvenience so everyone will understand. So far, im seeing some interesting replies.
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imstillthebest
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February 11, 2019, 01:15:50 PM |
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be gambling addicted, maybe sometimes not be able to place a bet because the deposit had not been completely arrived/credited (sluggish blockchain / number of confirmations)
That is not the problem of gambling site but thats your problem because you put a small fee after you send your coin to the sites receiving adress . although there are gambling sites that promise instant deposits . how can they possibly fasten up the recieving process ? When you are the ones that sends and put fees . strange isnt it .
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gabmen
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February 11, 2019, 04:45:12 PM |
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be gambling addicted, maybe sometimes not be able to place a bet because the deposit had not been completely arrived/credited (sluggish blockchain / number of confirmations)
That is not the problem of gambling site but thats your problem because you put a small fee after you send your coin to the sites receiving adress . although there are gambling sites that promise instant deposits . how can they possibly fasten up the recieving process ? When you are the ones that sends and put fees . strange isnt it . Well that's one of the common problems but yeah, if you want faster transactions you have to shell out a bit more. Though nowadays it doesn't really take thatong even for regular transfers. I'm used to playing in betcoin.ag even before and i'm not promoting but there hasn't been any inconvenient issues for me.
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StarofBTC
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February 12, 2019, 05:22:29 PM |
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Wish the question was "advantages and disadvantages of Decentralized gambling platform over the centralized gambling." I expect people to use the decentralized ones for obvious reasons but it seems no one cares too much.
I believe people will understand the benefits of having a decentralized system very slowly. Moreover, gamblers are known for sticking with what they actually got practice to. So, we cannot expect them to switch over in quick time but I believe they will definitely move over to where they will be having the most comfortable and convenient environment. We are seeing the success of decentralized exchanges but centralized exchanges are still persisting on its own way to find success. Similarly I believe both centralized and decentralized way of gambling will be finding its their own ways to entertain all of us.
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guoyu78
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February 13, 2019, 06:28:04 AM |
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We need to remember that gambling is getting slowly integrated with blockchain technology so that the bets can be checked through smart contracts and payments are issued at a faster rate. iGaming sectors are growing at a rapid phase which will serve as a competitor for manual gambling sites.
Will this new evaluation of gambling industry will eliminate all the inconveniences and discomforts we are facing with manual sites ? I guess only time will answer. We cannot ignore the benefits of having new innovative systems. I believe even these new way of gambling will not satisfy all the gamblers in 100% way at least all the gamblers may experience some better environment for sure. Smart contract based dapps are seeming very much promising in this regard but I guess like how we are having centralized and decentralized exchanges, similarly we may have both these two types of houses also in the near future.
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michellee
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February 13, 2019, 10:09:52 AM |
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be gambling addicted, maybe sometimes not be able to place a bet because the deposit had not been completely arrived/credited (sluggish blockchain / number of confirmations)
If that is the problem, then you need to find another gambling website which is not taking too long to receive the deposit. Yes, being a gambling-addicted is the most problem that we might get in the gambling, so we need to take serious attention to that. As long as we can prevent ourselves to stay too long in the gambling site and we can control ourselves, I think we are safe from the addicting.
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eternalgloom
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February 13, 2019, 11:08:06 AM |
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The only inconvenience I ever experience is when transactions take long to be added to your account. I play on a website that adds transactions after 1 confirmation, but that can sometimes take longer than 15 minutes when using Bitcoin.
This isn't the fault of the gambling website, but rather something inherent to Bitcoin transaction speeds. This should be solved when more website implement lightning network payments though.
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radjie
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February 13, 2019, 11:08:35 AM |
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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.
most people certainly complain about the huge costs incurred when making withdrawals and also the process that takes a long time because of the large number of queues when people make withdrawals on their wallets. other than that, there are some online gambling sites that have a large enough load so that it's very difficult for users to access using their cellphones
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eaLiTy
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February 13, 2019, 11:30:27 AM Last edit: February 13, 2019, 11:41:33 AM by eaLiTy |
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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. 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.
Since i am into sports gambling every now and then at the moment if some matches interests me, i would wage when ever i feel like, the main issue i find with sports gambling sites in the crypto space is that there are not much options available to wage a bet and the odds will be lower than fiat based online gambling sites, so i switch between the two depending on the odds available, if there is a minor difference i really do not mind, sometimes there will be a variable difference in the odds, other than that i find the sports books available in the crypto market are decent and now some are accepting more coins which is a positive thing. I miss directbet and there is no other site to replace that, no registration needed and you could wage with more than one coins three years back and they closed their doors because of the high transaction fees at that time.
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wuvdoll
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February 13, 2019, 06:35:23 PM |
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The only inconvenience I ever experience is when transactions take long to be added to your account. I play on a website that adds transactions after 1 confirmation, but that can sometimes take longer than 15 minutes when using Bitcoin.
This isn't the fault of the gambling website, but rather something inherent to Bitcoin transaction speeds. This should be solved when more website implement lightning network payments though.
Your favorite gambling house is not having in-house exchange facility ? At the same time, I do see many gamblers are facing this issue even the sites are having exchange features, they are not getting eligible levels to avail those features. With in-house exchange facility, I am able to convert my altcoins into bitcoins. Some times back , I was playing with altcoins itself and I finding somewhat boring to gamble with low value coins then I decided to stick back with bitcoins and to solve the hassles of slow loading, I use altcoins for faster confirmation and then gambling with higher value bitcoins.
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Dreamchaser21
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February 13, 2019, 10:52:06 PM |
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I experience before the delay on my deposit, and I don’t able to gamble that time because of that. Though its tolerable but I hope for a more convenient way to deposit funds. Over all, my crypto gambling experience is so nice, and I’m really having fun with it.
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crzy
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February 13, 2019, 11:06:41 PM |
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So far none because I always make sure that I’m playing with a great site, easy to deposit and withdraw money that’s the best part of a gambling site i think aside from their games. My only inconvenience is that, how to convert fiat money easily, well its not related to gambling anyway.
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