What You Should Know Before Playing A Crypto Betting Game

[asajapheth]

Yes, knowing this is indeed very useful and always being careful to put your money in is the most important thing. Apart from further research if we really don't know, then at least it is enough to use a famous platform that has been proven fair, so without doing further research you will be safe there.

Thanks for stopping by! My friend learnt the hard way.

[1714725840]

1714725840

[beerlover]

A provably fair crypto betting game would have it's code on Github i.e. open-sourced. That way a developer can easily confirm the authenticity of the claims. Another way would be to use a provably fair tool to check. These tools can be found online.

A friend lost a chunk of his crypto investments to a scammer that claimed his game was provably fair. The owner of the website waited till the website was popular, to accrue more victims. Then he simply closed the website and vanished with thousands of dollars belong to people.

Don't play because others are winning!

What we could do if an open source based gambling house starts scamming after years of maintaining reputation? I mean we do start trusting a new services only because of our known persons are not facing any problem with that services. I am not sure about most other people here but this is the simple way, I do start using any new services.

At the same time, no one could do anything about a business which turns scam at all of sudden. It should be treated as an accident as we could do nothing about that. Be warned anything and anyone may scam you at any time. Hence, just risk at your affordable level. No other way we have .

[adzino]

Some crypto betting games are provably fair, while others aren't. When deciding the crypto games to play you should consider it's fairness. (Especially a game that requires luck.) Not all that claim to be provably fair are actually as they say, some are just managed by scammers.

A provably fair crypto betting game would have it's code on Github i.e. open-sourced. That way a developer can easily confirm the authenticity of the claims. Another way would be to use a provably fair tool to check. These tools can be found online.

A friend lost a chunk of his crypto investments to a scammer that claimed his game was provably fair. The owner of the website waited till the website was popular, to accrue more victims. Then he simply closed the website and vanished with thousands of dollars belong to people.

Don't play because others are winning!

That's another tactic the scammer used. He usually gave winnings to a circle of accounts that were managed by him. When you try to compare the losses of the accounts to wins, the wins would be more. He did this to entice his victims.

Be safe!

You should let us know the name of the casino that scammed your friend or is this just a made up story? Anyways, if the casino is not provably fair and there is no way you can verify your bets, you shouldn't even play there in the first place. It becomes easily noticeable if fake announcements of winners were made. Too bad your "friend" wasn't paying details on all these signs of scam.
That is why never play on  a new casino. Why would you even go there while there are lots of well known casino available?

[vintages]

It's MagicDice. It was hosted on Steem blockchain.

Haven't heard about this website.
However, the owner shouldn't be left to walk freely. Research should be conducted and he should be pinned down to pay every funds.
His scamming tactics was really different as he waited to gain people's trust as many usually look out for reviews before using a gambling site.
If he had a registered license to the site, apprehending him would have been easy.

[RodeoX]

What you should know is that the casino is going to be the only one with money in the end.

[XCANA]

To me what I will add is this; never go with the same.foot match another gambler uses because they could be traps at the  end of the whole thing. Know that, you can lose your money in the process of gambling, know that you don't need to copy one another to make a huge profit at the end.

[klaaas]

I do gamble in trusted gambling site here already in crypto like dice site,sportsbetting and more because for assurance that they not scam or hack

It will lower the risk to use the older and more trusted casinos but hacks can always happen. If the casino get robbed you will also lose your funds. With new casinos time will tell if the user reviews are staying positive and how the team handle problems.

[proTECH77]

Stay true to yourself on the gambling platform's because trying to copy some one can lead to a great risk of loosing money on the casinos. Don't believe on what another gambler said if you are not convince about their  strategies because most are times they tend to miss use some gamblers brain for money.

[crzy]

To me what I will add is this; never go with the same.foot match another gambler uses because they could be traps at the  end of the whole thing. Know that, you can lose your money in the process of gambling, know that you don't need to copy one another to make a huge profit at the end.

Focus on your own, don’t try to take any shorcuts of course just do your best to know everything before you put and play big money. I do consider to study or make any research about playing crypto betting on trusted sites. Play safely always, i mean don’t gamble if you don’t know how to.

[Twinkledoe]

I do gamble in trusted gambling site here already in crypto like dice site,sportsbetting and more because for assurance that they not scam or hack so this is really recommended to do if you going to gamble then if they are new gambling site i think they need to have KYC and they have high security another thing funds in their site if they got scam or hack

It is always better to play on trusted established gambling casinos as compared to new ones. If you want to try new online casinos, better deposit small amount first and check if they are really legit and you have no problem with your withdrawals. Also, look for reviews or feedbacks from users and check the authenticity of those reviews. Sometimes you will encounter paid reviews so you will only read the good sides of that site.

[BitcoinHunt3r]

I do gamble in trusted gambling site here already in crypto like dice site,sportsbetting and more because for assurance that they not scam or hack

It will lower the risk to use the older and more trusted casinos but hacks can always happen. If the casino get robbed you will also lose your funds. With new casinos time will tell if the user reviews are staying positive and how the team handle problems.

Even some casino or maybe gambling sites not get any newa about get hacked, we should still aware with it because not always security is safe. Or maybe if not want to do always gamble, we can withdraw our money when not want to gambling again, and then do deposit again when we want to start bet.

[fortunecrypto]

You should drop a name and post your evidence, we can consider this just an assumption, gamblers nowadays want a provably fair system and I don't think they are going to go for a small betting site, if they are betting big, they will go for a big and reputable betting site with no bad reports.

[Janation]

Even some casino or maybe gambling sites not get any newa about get hacked, we should still aware with it because not always security is safe. Or maybe if not want to do always gamble, we can withdraw our money when not want to gambling again, and then do deposit again when we want to start bet.

That would cost you fees but I guess that is better than these hackers or maybe scammers get all of your money.

I think people would do these instead of knowing the better sites is since as other people said it, not all of these gamblers would be able to tell the legitimate and not. There is also the paranoia that happens. But there is a lot of trusted sites the problem now is how you would be able to control yourself and the hackers.

[maydna]

I never heard the website that the OP mentions. I wonder why his friend choose that site if we have so many legit gambling sites which we can select to play gambling.

Me also but to the newbie on gambling , they wont know if the site is new or not and they will just try whatever they see first . as soon as they got scammed , that will be thier lesson to learn and not to trust anything that they see .

We hope that he can learn from the mistake and not choose a fake gambling site to play gambling. There are so many gambling sites which have good reputations among us so he can choose and try to gamble.

It's not a problem if he uses small money to play and lose that money in the gambling games. But if he uses big money to play gambling, and he loses the money, then that will make him feel sad.

Loosing is usual but its bad too lose if you know that your playing on a fake casino that wont enables you to win anything  . he wont only feel sad but he will feel pissed off and depressed after he knew that his been tricked

That's why he needs to select a recommended gambling site, and I think he can find on here. He will feel pissed off if his purposes to gamble is to make money because he cannot win in the fake gambling site. Once I play on the fake gambling site, and at that time, I cannot win, and I heard from my friends that the site is fake because they cannot withdraw the money. I am glad that at that time, I don't use big money to gamble (I never use big money).

[boyptc]

Like what @boyptc suggest, next time choose only the legit gambling site and have reputable to play gambling, so he doesn't have a problem.

There were countless times that complain like this has been existing. That's the best suggestion that I can ever give to them.

Probably they weren't aware of what are those legit casino's and long running that they can trust. And if there's a casino that pops upon googling it, they are visiting and trying it not knowing that it's a fake.

[iMark]

"REPUTABLE"

One word but does fit all the things which are the important factors when you do play into a certain site.
You can assure that they are fair,having good game and all good sorts of things.

Yeah reputation is an important thing you should look at when you want to try gambling in a site. reputation is built on the trust of players, of course it is reach because the site has a provably fair that is proven accordance with what they have say. usually gambling sites that have a long age, which have a good reputation.

[BitcoinHunt3r]

Even some casino or maybe gambling sites not get any newa about get hacked, we should still aware with it because not always security is safe. Or maybe if not want to do always gamble, we can withdraw our money when not want to gambling again, and then do deposit again when we want to start bet.

That would cost you fees but I guess that is better than these hackers or maybe scammers get all of your money.

I think people would do these instead of knowing the better sites is since as other people said it, not all of these gamblers would be able to tell the legitimate and not. There is also the paranoia that happens. But there is a lot of trusted sites the problem now is how you would be able to control yourself and the hackers.

Btw i have typo on there and what i mean is *news. Like for gambling site, i use it for every activity in crypto. It is better to lose some fees than put our money in a site. Although it is reputable or not.

[maydna]

Like what @boyptc suggest, next time choose only the legit gambling site and have reputable to play gambling, so he doesn't have a problem.

There were countless times that complain like this has been existing. That's the best suggestion that I can ever give to them.

Probably they weren't aware of what are those legit casino's and long running that they can trust. And if there's a casino that pops upon googling it, they are visiting and trying it not knowing that it's a fake.

That's right. We could only give them a suggestion and let them choose what suit for them is. We could hope that they don't make the same mistake because they have those experience before.

Perhaps, if they knew this forum, they could search on here first before they search from googling because I am not sure that by googling they can find a legit gambling site. There were so many legit gambling sites that have been reviewed by many members on here so that can guide them to choose.

[Fredomago]

"REPUTABLE"

One word but does fit all the things which are the important factors when you do play into a certain site.
You can assure that they are fair,having good game and all good sorts of things.

Yeah reputation is an important thing you should look at when you want to try gambling in a site. reputation is built on the trust of players, of course it is reach because the site has a provably fair that is proven accordance with what they have say. usually gambling sites that have a long age, which have a good reputation.

They work hard to earned the trust of their participants, players always looking for comfort and securities so they will keep searching for good place to have it and when a certain gambling site provide it from them gamblers will be there to stay, they will build a good bonds between sites owners and people who loves to play inside most of the time they are the one who's gonna give approval or feedback freely to what they've experienced while using the gamehouse.

[crwth]

I think with every trick in the book are being exposed, and all of the tactics are being used, you would encounter scams that abuse somewhat their website. Imagine having to be able to see all of the players there winning. Okay, let's say they could, and you would be able to do it, but in reality, you cannot verify that because it's just a screenshot and it can be edited.

What matters, in my opinion, is that to check the reputation of that particular website and to see what others tell about it. That's why we have a forum to discuss different matters with different opinions. Maybe someone believes in that, and others don't, it's still up to us if we are going to go for it or not. You decide when and how you will play the gambling game.