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Author Topic: Quick Survey: why do you specifically use crypto to gambooool ?  (Read 1328 times)
Ahimoth
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January 10, 2020, 09:52:22 AM
 #21

The provably fair part, versus the probably fair of Fiat casinoes, is the feature that definitely makes me gamble, and lose, serenely.
Also skipping the hassle to verify our identities sending documents bills and all the stuff is a big plus for crypto gambling. Not to talk about gambling legal regulation restricting many players to their own sites or completely prohibiting gambling.

Kyc as part of regulation was very unpleasant when you're having so busy days, and about the submission of legal documents like your full identity; I don't think its fair enough. We're in danger of our safety due to danger of security breaches of our personal data information. Crypto gambling site is much advantage instead of fiat betting, and the anonymous playing can be enjoyed independently.
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January 10, 2020, 12:37:40 PM
 #22

Provably fair is mandatory so i think every gambling sites should have this and one of the reason why i choose gamble with crypto because gambling is something can recognize as bad habit in my country so although i was gamble but i don't want people know it so gambling use cryptocurrency can give me confortable feeling while gamble without people know my habit and also there was no land based casinos can be visitied in my country so one of the way if i want to gamble is visiting online gambling sites

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January 10, 2020, 02:42:09 PM
 #23

Hello Degens

I am doing a little research on WHY people are betting /gambling online with btc/crypto from various countries/states worldwide, and was hoping bitcointalk members  can be of some assistance.
I would specifically like to know (if you happen use crypto to gamble online) why you do so.

eg is it because you:
  • can pay Less vig in some cases?
  • wider game selection can gamble on games like minesweeper, paper rock scissors and other novelty games?
  • "provably fair" games
  • cannot bet in your current location
  • crypto sites might offer markets unavailable elsewhere
  • others ?

any info appreciated, if you can give me your state/country that would be helpful too for context.
I will happily publish the results of the survey later ITT if anyone is interested/cares.

Thanks
I, for one, wasn't into gambling at all before I got acquainted with cryptos and gambling websites as use cases. The possibility of having provably fair games is very important, because I indeed would  not trust that a casino is playing by the rules. Especially with this association between classic casinos and criminals. Another strong reason for me is that I don't want to pass KYC and have my bets as banking transactions connected to my identity. It can be used to manipulate me, so I prefer not to give off information unless it's necessary.

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January 10, 2020, 02:55:21 PM
 #24

my answer is simple.
because using crypto is simple, i don't have to do anything for spend my money.
register,deposit,play,withdraw,done.
using fiat ? errr, its just complicated thing for me.

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January 10, 2020, 03:21:03 PM
 #25

Well, we have different reasons why someone chooses crypto when they are going to gamble.
The number one reason, of course, the anonymity. They dont want to reveal their real identity in gambling and probably it will link to your bank accounts or credit card when you are using fiat money. Cryptocurrency is freely used and convenient to use.
Another thing is very fast transactions have when it comes cash out and cash in.









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January 10, 2020, 03:35:54 PM
 #26

because it won't be too complicated, and also some regulations in each country are different, so it's easier to use crypto you just transfer, send and play.
whereas if fiat has to confirm your bank account, and other data for verification  Grin

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January 10, 2020, 06:53:02 PM
 #27

well you kinda nailed it in your post , OP
for me the most important reasons are:
1. no KYC
2. instant deposits withdrawals  , limited only by the network speed , while in the ususal casinos you can wait for our money for days if not weeks
3. low house edge - 1% is the standard
4. provably fair , means I can be sure that there are no shenanigans going on

mostly it is the ease of use and convenience, once you played at one casino / dice , you , practically need no time to adjust to a new site
if you decide to play elsewhere , the interface and the principles are same , just the looks and details are different

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January 13, 2020, 12:43:47 PM
 #28

my bank will not let me gamble despite my being in a country that actually licences sportsbooks and casinos (Malta).
I see the UK gambling regulator is about to ban credit card deposits for sportsbetting.. no doubt this will drive some more punters to gamble via BTC/crypto.
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January 13, 2020, 03:20:23 PM
 #29

my bank will not let me gamble despite my being in a country that actually licences sportsbooks and casinos (Malta).
I see the UK gambling regulator is about to ban credit card deposits for sportsbetting.. no doubt this will drive some more punters to gamble via BTC/crypto.


uh the link is broken , for a second I thought it was a legit news
if the UK gambling regulator would ban credit cards for gambling , this could make their casinos suffer huge loss
since almost every big bettor is a debit/credit card depositor , there are not so many using Skrill or other means
but this is one of the main advantages of gambling with the cryptocurrencies - almost instant deposits and withdrawals , no hassle
no need to deal with banks or regulators who love to "take care" of you by putting a wrench in the spinner of your gambling

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January 14, 2020, 07:47:54 AM
 #30

Because usually they allow you to play and invest. Don't know if you guys have heard that lottoshi.io is something like that
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January 14, 2020, 07:53:40 AM
 #31

Well, we have different reasons why someone chooses crypto when they are going to gamble.
The number one reason, of course, the anonymity. They dont want to reveal their real identity in gambling and probably it will link to your bank accounts or credit card when you are using fiat money. Cryptocurrency is freely used and convenient to use.
Another thing is very fast transactions have when it comes cash out and cash in.

Gambling sites didn't require KYC so it's good to do gambling online especially if it's considered as illegal activity in my country. Especially crypto gambling have many choices unlike in physical casino and some websites that have only specific game or still than laggy. We know crypto gambling sites are many now and much easier to access.
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January 15, 2020, 01:26:39 PM
 #32

simply because it can completely hide your identity not like any other lotteries or gamble games that they are publicly announcing your profile to the whole world while you want to enjoy your win by yourself.
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January 15, 2020, 04:31:14 PM
 #33

Hello Degens

I am doing a little research on WHY people are betting /gambling online with btc/crypto from various countries/states worldwide, and was hoping bitcointalk members  can be of some assistance.
I would specifically like to know (if you happen use crypto to gamble online) why you do so.

eg is it because you:
  • can pay Less vig in some cases?
  • wider game selection can gamble on games like minesweeper, paper rock scissors and other novelty games?
  • "provably fair" games
  • cannot bet in your current location
  • crypto sites might offer markets unavailable elsewhere
  • others ?

any info appreciated, if you can give me your state/country that would be helpful too for context.
I will happily publish the results of the survey later ITT if anyone is interested/cares.

Thanks

People use crypto for gambling is because they can hide their identity. They can get a free coin for testing the gambling site before they send any coins. That will prevent them from getting scam from the site so they can choose the recommended gambling site. Besides that, some country doesn't allow their people playing gambling, so people choose the crypto gambling site. You can choose so many gambling games in every gambling site so you can feel enjoy to play the game one by one.

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January 15, 2020, 06:03:45 PM
 #34

Hello Degens

I am doing a little research on WHY people are betting /gambling online with btc/crypto from various countries/states worldwide, and was hoping bitcointalk members  can be of some assistance.
I would specifically like to know (if you happen use crypto to gamble online) why you do so.

eg is it because you:
  • can pay Less vig in some cases?
  • wider game selection can gamble on games like minesweeper, paper rock scissors and other novelty games?
  • "provably fair" games
  • cannot bet in your current location
  • crypto sites might offer markets unavailable elsewhere
  • others ?

any info appreciated, if you can give me your state/country that would be helpful too for context.
I will happily publish the results of the survey later ITT if anyone is interested/cares.

Thanks

To tell you truth, i did very little gambling with my credit card online. The main reason was that i was not secure that by using my card, it could be misused by the site itself and giving the card informational and details is not secure. With bitcoin, it is very easy to deposit and withdraw funds to and from the gambling sites. Crypto has made gambling very easy to play.
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January 22, 2020, 09:43:29 AM
 #35

It's easy, fast and (maybe) secured.. just like what every crypto token/coin offers.
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January 22, 2020, 01:18:48 PM
 #36

It's easy, fast and (maybe) secured.. just like what every crypto token/coin offers.

Easy and fast it could go with it but secure maybe not since there's a huge risk that crypto will get hack but for sure user doesn't care this anymore since many of us are aware for that matters.

But what I like the most on betting using crypto is the convenience and the less transaction fees since you cannot get these two in Fiat since it gave a stress for transactions we made.

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January 22, 2020, 03:45:37 PM
 #37

Using crypto you can just play and go without any problem. Unlike with Fiat base casinos you need to submit documents before you can start and play. The beauty of crypto being collaborated with gambling industries it helps a lots of gamblers who also working with crypto to bet as quick as they want.
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January 22, 2020, 04:57:42 PM
 #38

Some of the countries could be restricted doing a gamble at a public place, so basically they choose online gambling for the alternative. We also have some different reason why online gambling more popular than real live gambling, because everyone can do a gamble anytime & anywhere. About "why everyone choosing crypto as the fund", because at crypto you can send funds without being limited & waiting for the fund has arrived. If you choosing bank transfer its probably will take care of a lot of times, everyone dont want to wait so long waiting their fund has arrived that why the reason why crypto better than bank transfer.

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January 22, 2020, 05:07:45 PM
 #39

[snip]
Gambling sites didn't require KYC so it's good to do gambling online especially if it's considered as illegal activity in my country. Especially crypto gambling have many choices unlike in physical casino and some websites that have only specific game or still than laggy. We know crypto gambling sites are many now and much easier to access.
Well, you are wrong on this perception because there are few online gambling sites that acquires KYC verification, perhaps they doing it just because they are following some rules or the jurisdictions of government that avoid money laundering. But, there's a big but-- a gambling sites that have to implement KYC are usually no one will visit or maybe there is but those gamblers that they dont care to reveal their real identity. Most cases like this are those gambling sites that accept bank account or credit card to gamble not a cryptocurrency. Indeed, that is right. Online gambling platforms that accept crypto are easy to access and use.









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January 22, 2020, 10:39:24 PM
 #40

The majority will say because it doesn't require you to verify your location, your name and even other important details that you have which requires you from entering to a normal physical casino.

The minimum amount that most crypto casinos are even low so this is really part of the convenience that it brings to the gamblers like me.

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