RealMalatesta
Legendary
 Offline
Activity: 2338
Merit: 1124
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It is a good feature obvioulsy. In the past, players used to use a bank account (secondary account) to separate their funds for some reasons. Now some gambling site use "Vault" to give players a better way to separate their funds without sending it to a bank account or withdraw it to their wallet.
I think it associates with taxes of gamblers, mainly associates with taxes, right? Some nations charge taxes on income from cryptocurrencies so the Vault will help them to stay away from problems with taxes, and tax reports annually if they don't withdraw from casinos. The reasons why people try to bank their money with another account was because they do not want to gamble with all of their money but they also want to make sure they have a certain amount of money to gamble on that session. For example, let's make the numbers up and say that there is this one dude who will play 100 dollars per day for 1 week, he deposits 700 dollars because he doesn't want to put in 100 dollars every day, there is no need for something like that. What can he do if he wins? Continue to gamble? He said he will only wager 100 dollars per day, so even if he wins all of it or some of it, there will be some excess, he probably will not lose all of it, so lets assume he has 20 dollars extra, he puts it back to the vault. He does this for 7 days straight and maybe he could be higher than anticipated? That is how it would work with the vault. |
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SirLancelot
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April 05, 2020, 08:45:29 PM |
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I also think that vault could bring in some profit as well if wolf.bet really wants to go to that route for more money. Think about it as a bankroll for the casino, investment from the people, you can either make it a yearly thing that will give people a fixed amount of profit as long as they keep it there, or maybe it could be simply just bankrolling the casino and making a profit when casino makes a profit or losing when casino loses, both has advantages and disadvantages for both casino and the investors.
I don't know if wolf.bet needs money but considering they have dropped the prize from 1000 dollars to 500 dollars, I would say it is quite possible that they could actually take advantage of that money as well and work with it to get wolf.bet bigger as well.
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hd49728
Legendary
Offline
Activity: 2086
Merit: 1027
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April 06, 2020, 02:41:39 AM |
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The reasons why people try to bank their money with another account was because they do not want to gamble with all of their money but they also want to make sure they have a certain amount of money to gamble on that session.
For example, let's make the numbers up and say that there is this one dude who will play 100 dollars per day for 1 week, he deposits 700 dollars because he doesn't want to put in 100 dollars every day, there is no need for something like that. What can he do if he wins? Continue to gamble?
He said he will only wager 100 dollars per day, so even if he wins all of it or some of it, there will be some excess, he probably will not lose all of it, so lets assume he has 20 dollars extra, he puts it back to the vault. He does this for 7 days straight and maybe he could be higher than anticipated? That is how it would work with the vault.
Well explanation on the vault, and I appreciated it. It is true but I guess it is not the only reason to use the Vault. Anyway, how people use the Vault on Wolf.bet depend on their personal reasons and needs. I also think that vault could bring in some profit as well if wolf.bet really wants to go to that route for more money. Think about it as a bankroll for the casino, investment from the people, you can either make it a yearly thing that will give people a fixed amount of profit as long as they keep it there, or maybe it could be simply just bankrolling the casino and making a profit when casino makes a profit or losing when casino loses, both has advantages and disadvantages for both casino and the investors.
It is a win win situation because users can manage their risks better and casino can have more bankroll from users. I don't know if wolf.bet needs money but considering they have dropped the prize from 1000 dollars to 500 dollars, I would say it is quite possible that they could actually take advantage of that money as well and work with it to get wolf.bet bigger as well.
From what I have known about the Wolf.bet since it began on the forum, the platform has grown very steadily. From its signature campaign and from efforts of the team to upgrade the platform so far. |
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1982dre
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April 06, 2020, 06:21:26 AM |
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One of the updates we have been working on is LIVE!🎉 Introducing Vault, a way of separating your coins from your playing balance without having to withdraw any funds ✅  Nice. Good to see every dicesite is now adopting my idea.  |
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joksim299
Legendary
Offline
Activity: 2184
Merit: 1014
Bitdice is scam scam scammmmmmmmmmmmmmmmmmmmmmmmmm
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April 06, 2020, 01:35:17 PM |
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One of the best sites. I have never had any problems logging in to the site or collecting my winnings. Everything is very fast and clear!
I played there until they started forcing 2FA |
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eXtremal
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April 07, 2020, 08:48:39 AM |
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the game wolf.bet very simple graphic images very special when playing the rollers, occasionally I use tricks when playing lose and win is normal in the game at least I am happy and satisfied when I play in wolf.bet
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SirLancelot
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April 07, 2020, 09:10:44 AM |
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I also think that vault could bring in some profit as well if wolf.bet really wants to go to that route for more money. Think about it as a bankroll for the casino, investment from the people, you can either make it a yearly thing that will give people a fixed amount of profit as long as they keep it there, or maybe it could be simply just bankrolling the casino and making a profit when casino makes a profit or losing when casino loses, both has advantages and disadvantages for both casino and the investors.
It is a win win situation because users can manage their risks better and casino can have more bankroll from users. I don't know if wolf.bet needs money but considering they have dropped the prize from 1000 dollars to 500 dollars, I would say it is quite possible that they could actually take advantage of that money as well and work with it to get wolf.bet bigger as well.
From what I have known about the Wolf.bet since it began on the forum, the platform has grown very steadily. From its signature campaign and from efforts of the team to upgrade the platform so far. The platform could improve with their own money as well but think of all the money they have right now that goes to bankroll, if they offered an option of actually allowing people to invest into bankroll, they could remove their own slowly when it grows and when they are all out of the bankroll themselves, they could use that money to improve it even further. Yeah, it eats up on the profits which would be bad for them but at the same time they will have zero potential to lose money, either investors make money and they take a cut from it or they lose zero, which is why investment is a good option. Plus, think of all the money they could use to improve even further, more signature campaign participants and a lot more developer man-hours that could be bought with it. |
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arwin100
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April 07, 2020, 10:21:37 AM |
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I also think that vault could bring in some profit as well if wolf.bet really wants to go to that route for more money. Think about it as a bankroll for the casino, investment from the people, you can either make it a yearly thing that will give people a fixed amount of profit as long as they keep it there, or maybe it could be simply just bankrolling the casino and making a profit when casino makes a profit or losing when casino loses, both has advantages and disadvantages for both casino and the investors.
It is a win win situation because users can manage their risks better and casino can have more bankroll from users. I don't know if wolf.bet needs money but considering they have dropped the prize from 1000 dollars to 500 dollars, I would say it is quite possible that they could actually take advantage of that money as well and work with it to get wolf.bet bigger as well.
From what I have known about the Wolf.bet since it began on the forum, the platform has grown very steadily. From its signature campaign and from efforts of the team to upgrade the platform so far. The platform could improve with their own money as well but think of all the money they have right now that goes to bankroll, if they offered an option of actually allowing people to invest into bankroll, they could remove their own slowly when it grows and when they are all out of the bankroll themselves, they could use that money to improve it even further. Yeah, it eats up on the profits which would be bad for them but at the same time they will have zero potential to lose money, either investors make money and they take a cut from it or they lose zero, which is why investment is a good option. Plus, think of all the money they could use to improve even further, more signature campaign participants and a lot more developer man-hours that could be bought with it. Yeah it eat ups the profit that supposed to be their but come to think of it if they have more investors came they can maximize their bankroll together they can make their platform sustainable and imagine if many bettors will play they can still earn a decent percentage by the help of investors money, so its up to them if they really want to do this or they select stand by their own. |
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Applesoda
Copper Member
Jr. Member
Offline
Activity: 175
Merit: 5
Official Wolf.Bet Brand Manager
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April 07, 2020, 01:48:51 PM |
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The vault feature is really awesome, no longer need to be withdrawn again and again. On before, it was a little bit terrible, to calculate daily betting profit and withdrawn that to a different wallet. Now it has become much easier. One more thing, rolling speed and strength of wolfbet is much higher than previous month, they really needed up to date these things. thanks for speeding up.
while playing, I've noticed that the vault system is disabled occasionally, is there any hidden settings to turn it on forever?
It should be working normally now, let us know if you come across this issue again  |
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perfect999
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April 07, 2020, 06:28:30 PM |
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One of the best sites. I have never had any problems logging in to the site or collecting my winnings. Everything is very fast and clear!
I played there until they started forcing 2FA Honestly 2FA is for your own good and not for them. Think about what 2FA achieves, does it have anything of help for wolf.bet? It doesn't really protect them or protect their money does it? It is not on a grand scheme protection, forcing 2FA wouldn't change anything for the website or the owners, their money is still hack-able if a hacker is good enough to hack their hot wallet. However what 2FA does is help YOU, not them, YOU because it actually protects you from individually hacked, still doable of course, all it takes is a huge hacker who could hack NASA to take a look at it for few minutes at most and they can still hack it, however it does make it one more layer to prevent such a thing. So if you are not playing here for 2FA that is fine because nobody can force you to gamble here, but please do try to ease up on 2FA and try to get used to it because it will actually help you. |
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khaled0111
Legendary
 Online
Activity: 2520
Merit: 2849
Top Crypto Casino
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April 07, 2020, 07:28:24 PM |
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It should be working normally now, let us know if you come across this issue again it's working fine for me. Is it possible to make the trasfer of funds to vault automated when the balance exceeds a certain value? I mean, I want any amount above X btc to be sent automatically to my vault without having to check my balance whenever I win a bet or make a deposit. I played there until they started forcing 2FA
You can desactivate 2FA and access your account with no problems. However, it is mandatory for withdrawal requests. |
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Applesoda
Copper Member
Jr. Member
Offline
Activity: 175
Merit: 5
Official Wolf.Bet Brand Manager
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April 08, 2020, 10:03:51 AM |
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it's working fine for me.
Is it possible to make the trasfer of funds to vault automated when the balance exceeds a certain value? I mean, I want any amount above X btc to be sent automatically to my vault without having to check my balance whenever I win a bet or make a deposit.
Interesting suggestion, we will keep it saved for a near future possibly! Thank you! |
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hd49728
Legendary
Offline
Activity: 2086
Merit: 1027
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April 08, 2020, 11:21:13 AM |
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The platform could improve with their own money as well but think of all the money they have right now that goes to bankroll, if they offered an option of actually allowing people to invest into bankroll, they could remove their own slowly when it grows and when they are all out of the bankroll themselves, they could use that money to improve it even further.
Looks like a good cycle of investment, development and reclycing of capital. Yeah, it eats up on the profits which would be bad for them but at the same time they will have zero potential to lose money, either investors make money and they take a cut from it or they lose zero, which is why investment is a good option. Plus, think of all the money they could use to improve even further, more signature campaign participants and a lot more developer man-hours that could be bought with it.
Do you mean that there is no risks of investment in bankroll? I think there are always risks in any type of investment, even with bankroll investment. I know if one gambler and investor decides to invest in bankroll of the casino he uses, it is clearly that he has a good belief on that casino, from his time used the casino and from his investigation but to say zero risk of loses I don't believe it. Anyway, it is a new feature on Wolf.bet and let's wait for feedbacks from users and investors. I see good things from that feature for the casino and users, nothing is bad here at the start of Wolf.bet's Vault. |
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RichGang
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April 08, 2020, 06:32:20 PM |
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i noticed the rakeback is no more working after i wagered more than 1btc. please fix this or send the rake back manually.
i will like to get the rake back for this wager
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RichGang
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April 09, 2020, 09:13:12 AM |
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what ever it is u are doing, i hope u send my rake back when u are online because this is annoying
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Cryptobillionaire
Jr. Member
Offline
Activity: 85
Merit: 6
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April 09, 2020, 09:46:39 AM |
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i noticed the rakeback is no more working after i wagered more than 1btc. please fix this or send the rake back manually.
i will like to get the rake back for this wager
i hope they are not towing the path of dean of betking that will lure people to his site with promos and when the people play for a while and he feels they have lost all, he removes the promo. i hope they get to pay the rake back once its up though. they need to inform players before they deactivate features like this. i wagered about 0.5btc before i discovered it |
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Clark05
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April 09, 2020, 10:41:31 AM |
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The vault feature is really awesome, no longer need to be withdrawn again and again. On before, it was a little bit terrible, to calculate daily betting profit and withdrawn that to a different wallet. Now it has become much easier. One more thing, rolling speed and strength of wolfbet is much higher than previous month, they really needed up to date these things. thanks for speeding up.
while playing, I've noticed that the vault system is disabled occasionally, is there any hidden settings to turn it on forever?
Yes it is less hassle to us because to control ourselves playing we need to seperate the money that we want to play and the saving money. I like this because a player also save withdrawal fees because once they withdraw the money they have fees. This vault is very helpful for the Wolf.bet because they have many purposes and use. |
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WolfBet (OP)
Copper Member
Member
Offline
Activity: 204
Merit: 24
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April 09, 2020, 04:35:05 PM |
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Guys, don't worry, the rakeback is just hidden as we need to adjust it accordingly to the new game we are about to release in a few days. What you wager now is counted and tomorrow you will be able to cashout it out.
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eXtremal
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April 09, 2020, 04:40:57 PM |
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One of the best sites. I have never had any problems logging in to the site or collecting my winnings. Everything is very fast and clear!
I played there until they started forcing 2FA Honestly 2FA is for your own good and not for them. Think about what 2FA achieves, does it have anything of help for wolf.bet? It doesn't really protect them or protect their money does it? It is not on a grand scheme protection, forcing 2FA wouldn't change anything for the website or the owners, their money is still hack-able if a hacker is good enough to hack their hot wallet. However what 2FA does is help YOU, not them, YOU because it actually protects you from individually hacked, still doable of course, all it takes is a huge hacker who could hack NASA to take a look at it for few minutes at most and they can still hack it, however it does make it one more layer to prevent such a thing. So if you are not playing here for 2FA that is fine because nobody can force you to gamble here, but please do try to ease up on 2FA and try to get used to it because it will actually help you. yes linking 2FA is not coercion if we do not want to play, but we are forced to associate 2FA when we want to withdraw funds, and 2FA is not only valid at wolf.bet but there are still many other things that require protection by using or linking 2FA |
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RichGang
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April 09, 2020, 05:10:34 PM |
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Guys, don't worry, the rakeback is just hidden as we need to adjust it accordingly to the new game we are about to release in a few days. What you wager now is counted and tomorrow you will be able to cashout it out.
are you going to add some interest for locking our money? why not just pay this first the go ahead with whatever you want to fix? dosnt make sense to use your biz to affect ours |
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