How to spot a scam - Bojoko article

[Betwrong]

~
Have you ever been scammed and what do you think should be done to prevent scams in the future?

If exit scam counts then yeah, I've been scammed several times in the past. The problem with newly appeared online gambling sites is that they can perform an exit scam any time, explaining that they were hacked, or without any explanation at all. I knew about the risks, of course, so I never lost more than $20 because of such incidents, but still it was an unpleasant experience.

Now I won't risk more than $10 on a new site, but I can't say I will stop using them completely, because sometimes they run positive EV games for the promo, and you can win up to $100 in those games.

[Bojoko]

~
Have you ever been scammed and what do you think should be done to prevent scams in the future?

If exit scam counts then yeah, I've been scammed several times in the past. The problem with newly appeared online gambling sites is that they can perform an exit scam any time, explaining that they were hacked, or without any explanation at all. I knew about the risks, of course, so I never lost more than $20 because of such incidents, but still it was an unpleasant experience.

Now I won't risk more than $10 on a new site, but I can't say I will stop using them completely, because sometimes they run positive EV games for the promo, and you can win up to $100 in those games.

Was this on bitcoin casinos or crypto casinos or "normal" licenced online casinos as well?

[Haunebu]

It is quite easy to avoid getting scammed in the online gambling world(FIAT and crypto).

- You simply need to research the site that you are interested in investing in through popular sites like SBR, Bitcointalk etc.

- Next, read all their terms and conditions properly so that you won't face any issues later(Bonus requirements etc).

- Stick to the popular sites and only invest in new sites which have great initial reviews from reputed sources.

[Ucy]

I am more for Self-regulation. Scamming can be drastically reduced if we use Blockchain the way it ought to be used. Blockchain friendly tools can also be built to prevent scams

I think scams exist because Crypto communities are not well organized yet to deal with them. The market or companies are not fighting the general scams in Crypto communities. It probably not profitable to do so. I guess there should be some kind of guaranteed donations to the best sites or people that fight Crypto crime in the whole Crypto space. We don't work as a unit yet. If we did, someone would have recommended taxing all Crypto communities and members to pay for to fighting scams.

[Betwrong]

~
Have you ever been scammed and what do you think should be done to prevent scams in the future?

If exit scam counts then yeah, I've been scammed several times in the past. The problem with newly appeared online gambling sites is that they can perform an exit scam any time, explaining that they were hacked, or without any explanation at all. I knew about the risks, of course, so I never lost more than $20 because of such incidents, but still it was an unpleasant experience.

Now I won't risk more than $10 on a new site, but I can't say I will stop using them completely, because sometimes they run positive EV games for the promo, and you can win up to $100 in those games.

Was this on bitcoin casinos or crypto casinos or "normal" licenced online casinos as well?

I have never played on other than crypto casinos, but I'm pretty sure it is the issue with the "normal" ones too. But of course, if they were licenced it would be hard to perform an exit scam, I guess. Normally, when we talk about newly appeared online gambling sites we presume they are unlicensed ones.

Correct me if I'm wrong, but I think it's a normal practice to open an online casino first, try it out, and only after some time, if it looks like a profitable business, get it licensed. Such a license is far from being free, right? So, this behavior is understandable, in a way.