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Symmetrick (OP)
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August 31, 2020, 02:42:58 PM
Last edit: November 30, 2023, 06:01:52 PM by Symmetrick
 #1

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August 31, 2020, 03:17:44 PM
 #2

Well, there's no way to disagree with the key elements mentioned in the article. However, I am surprised to see its stand regarding licensing requirement. The article says,

Quote
Although an online gaming license is not always required, it is helpful for a Bitcoin casino to have one to create peace of mind for their clients.

I know it is possible to run an online gambling website without any license whatsoever but is it really a thing to overlook? I guess no! Online gambling field has the highest number of frauds and no licensing makes it even harder for a player to get justice!

The online gambling market is growing at exponential rate. If there's no authority to protect players' interest, the number of frauds will only increase! I hope it doesn't end up like what happened to the ICO / hyip market!

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August 31, 2020, 11:02:14 PM
 #3

The most important elements that gamblers must take cognizance of when choosing a platform to play on are highlighted below:

Newbies might be confused by reading those for now. Since lots of articles pointed to them, it might lead to more questions.

I suggest to just stick with reputable and famous gambling platforms first as a reference while being on newbie status. They will build their gambling experience first starting from recognizing how gambling works to understanding what are the considerations and factors when choosing a gambling site.

Soon as they continue, they will now able to understand what are the things mentioned in any articles pointing key elements and from there, they are now ready to jump and use other gambling sites as they understand now the risk.

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stomachgrowls
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August 31, 2020, 11:22:05 PM
 #4

Well, there's no way to disagree with the key elements mentioned in the article. However, I am surprised to see its stand regarding licensing requirement. The article says,

Quote
Although an online gaming license is not always required, it is helpful for a Bitcoin casino to have one to create peace of mind for their clients.

I know it is possible to run an online gambling website without any license whatsoever but is it really a thing to overlook? I guess no! Online gambling field has the highest number of frauds and no licensing makes it even harder for a player to get justice!

The online gambling market is growing at exponential rate. If there's no authority to protect players' interest, the number of frauds will only increase! I hope it doesn't end up like what happened to the ICO / hyip market!

Its actually one of the cons and just like on traditional gambling business then its much preferable to play on a site which you do know that has license to have that feel of security as a player or a user of their platform.

We cant really deny that Online casinos does really have advantages compared to Physical ones but we cant really deny that true user experience or in-person is much preferred by some thats why they do stick out
on going to physical places rather than sitting in front of their pc or holding their mobile phone.

We have already discussed for how many times already about difference about advantages and disadvantages between Physical casinos and online ones. For now which we are on the middle of pandemic situation then
its understandable that online casinos do have much more demand.

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August 31, 2020, 11:40:00 PM
 #5

Only question we need to ask ourselves why bitcoin gambling industry rapidly growing and whose the only winer...?

The winner is of course the casino owners, but there are gamblers who are still continuously patronizing casinos. So there will always be casinos. And with online casinos, it is easy to check the provable fairness of the game. You can also switch games very easily. And right now, with the pandemic, playing online is of your advantage. You can play at the comfort of your home but do take note that play your extra funds to avoid debt during this crisis.
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August 31, 2020, 11:56:34 PM
 #6

Key Elements Of A Bitcoin Casino
  • Wide Variety Of Games
  • Device Compatibility
  • Bonus and Promotion Offerings
  • Efficient and Proactive Support
  • Reliable Gaming Software
  • Highlight Provably Fair Gaming
All of these are truly right but I have also an addition to this. Thank you for this good insight.

Licensed casino, I may consider that this belongs to the key element of Bitcoin casino. It is good if the casino were necessary to go through under licensing procedure under the country's legalization. We assure if the online casino has legality to conduct gambling activity and for sure that they had a good quality of service towards their costumers in order to gain trust. Costa Rica, Malta, or Curacao licenses might consider as good, AFAIK these licenses considered as good.

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September 01, 2020, 01:58:37 AM
 #7



With so many online casinos that accept Bitcoin now available, gamblers are spoilt for choice and finding the right one can prove to be more difficult than anticipated. The most important elements that gamblers must take cognizance of when choosing a platform to play on are highlighted below:


Finding the right Crypto gambling sites is not really that difficult because the Crypto gambling sites community is very transparent, we have an official announcement section of every Crypto gambling casinos, and we have the gambling discussion here and of course, we have the scam sections, three sections of this forum that can weed out the bad actors of the Crypto gambling community, interaction is the key here, you want to play in the right Crypto gambling site, then get an account here and interact.


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September 01, 2020, 04:43:25 AM
 #8



Newbies might be confused by reading those for now. Since lots of articles pointed to them, it might lead to more questions.

I suggest to just stick with reputable and famous gambling platforms first as a reference while being on newbie status. They will build their gambling experience first starting from recognizing how gambling works to understanding what are the considerations and factors when choosing a gambling site.

Soon as they continue, they will now able to understand what are the things mentioned in any articles pointing key elements and from there, they are now ready to jump and use other gambling sites as they understand now the risk.

I agree on your point you pick up the most reputable ones when you are starting out or making a big shift from other online gambling sites to Crypto gambling sites from there you will have a general idea on how Crypto currency gambling is working, you also need to read reviews and gambler's experiences to add more insight.
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September 01, 2020, 04:49:20 AM
 #9

The online gambling market is growing at exponential rate. If there's no authority to protect players' interest, the number of frauds will only increase! I hope it doesn't end up like what happened to the ICO / hyip market!
With a lot of casinos opening up there's also bunch of them closing down. As long as most of the gamblers stick to the reputable ones those fraud casinos will eventually go away on their own as they can't keep up with the competition.

why bitcoin gambling industry rapidly growing
It's because most of the popular bitcoin casinos you'll find here doesn't offer KYC and without KYC it's very easy to create an account deposit and gamble all in just a few minutes. Also in some casinos they'll instantly credit your deposit and withdraws.

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September 01, 2020, 05:08:21 AM
 #10

Only question we need to ask ourselves why bitcoin gambling industry rapidly growing and whose the only winer...?
The casinos and us. The demand for the bitcoin gambling industry is beneficial for everyone. Because of this, they are helping to make the demand higher for bitcoin usage while they give the service that gamblers need.

It is rapidly growing because of many factors, one factor is because of the lockdowns that happened worldwide. Gamblers can't go outside and as the local casinos were closed, they might found out how to gamble online with bitcoin. That's just one factor IMO and there's more.

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September 01, 2020, 05:15:16 AM
Last edit: September 01, 2020, 07:18:03 AM by shoreno
 #11

Only question we need to ask ourselves why bitcoin gambling industry rapidly growing and whose the only winer...?

The winner is of course the casino owners, but there are gamblers who are still continuously patronizing casinos. So there will always be casinos. And with online casinos, it is easy to check the provable fairness of the game. You can also switch games very easily. And right now, with the pandemic, playing online is of your advantage. You can play at the comfort of your home but do take note that play your extra funds to avoid debt during this crisis.

thanks on answer i had one interesting film in my head about my first wining on gambling,specific online gambling.Its going like this i playing a slot game
and won and owner of casino and cheaf manager watching  on some remote screen and in moment i won some seriuse cash they just sad to each other *give me five* Wink sorry on negativity but it is true story i won by exident and in few month return to casino double

you are asking a question as if you dont know but you already won . owners arent the only one that win but we players can win too .

 how much you win by the way ? that amount must be really huge because you got inspired of making it a movie  but i cant understand the last part that you said . you mean they feel sad after you win ? but how do you know ?
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September 01, 2020, 06:42:21 AM
 #12

I think that we all agree that the biggest advantage is that we can play wherever we are with our devices as technology permits this easily nowadays in online gambling.There other advantages as well which is we have a really big choice of different type of games as online casino just need some servers and does not need a lot of
physical space which is costly in physical casinos.

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September 01, 2020, 06:55:02 AM
 #13

I found another interesting article, mainly for beginners, which tells that bitcoin gambling is constantly growing and the article lists the advantages of such platforms compared to traditional gambling houses.

Key Elements Of A Bitcoin Casino

With so many online casinos that accept Bitcoin now available, gamblers are spoilt for choice and finding the right one can prove to be more difficult than anticipated. The most important elements that gamblers must take cognizance of when choosing a platform to play on are highlighted below:

  • Wide Variety Of Games
  • Device Compatibility
  • Bonus and Promotion Offerings
  • Efficient and Proactive Support
  • Reliable Gaming Software
  • Highlight Provably Fair Gaming


You can read the articles here: https://blog.bc.game/bitcoin-casino-betting-advantages-online-gamblers/
Almost all casino provides most of the elements you have mentioned. If you go to fiat online casino you will see they provide variety of games (most of them are same like every casino), reliable software and others. You just missed the most important element which is flexible payment option. Other online fiat based casino has bad payment option and is sometimes is a mess when trying to make a deposit. In case of crypto casinos, it is much easier to make the payments. But, I doubt about the "proactive" support. The forum is filled with people crying about bad support for those so called "huge top well known casinos".

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September 01, 2020, 07:56:45 AM
 #14

Its actually one of the cons and just like on traditional gambling business then its much preferable to play on a site which you do know that has license to have that feel of security as a player or a user of their platform.

Sort of agree here, but I personally play on sites that have and do not have license and in my honest opinion,,, some of the licenses are not very well made in terms of consumer protection. Meaning to say,,, the license from certain jurisdictions, especially the offshore ones, helps the casino do its legal and tax responsibilities, but does not help the player in any way legally. In the end, it is still the honesty of the casino for many of the licenses

Just my 2 cents on experience;)

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September 01, 2020, 08:28:52 AM
 #15

For me the best advantage of online gamblers are it is easy to access they could open it anytime anywhere they want they don't need to go to any sports betting place just to bet.
And they could continue to gamble even in this pandemic because they don't need to leave their house.
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September 01, 2020, 08:55:52 AM
 #16

For me the best advantage of online gamblers are it is easy to access they could open it anytime anywhere they want they don't need to go to any sports betting place just to bet.
And they could continue to gamble even in this pandemic because they don't need to leave their house.
I think some offline gambling places have started to make gambling places online, even though only a few but I am sure nowadays many prefer to do online gambling because it was proven when this pandemic many cryptocurrencies have increased in price so maybe this is also the influence of the rise of online gamblers.

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September 01, 2020, 09:10:12 AM
 #17

The OP was extremely right, even these two that have been mentioned by the OP. The promotion and the wide variety of games are the most important feature that the gamblers looking for and the next is the reputation of the site.

As we can see, there are too many gambling online companies that have been launching their businesses online. Other's from fiat accepting to bitcoin and from offline turns to online gambling games. These advantages were really true for online gambling especially if online gambling was used crypto for betting that seems they can hide their identity.

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September 01, 2020, 10:02:23 AM
 #18

Yeah you have pointed the advantages but you should also pointed out the disadvantages so the newbies will be aware of it also. Like scam sites, bias script for provably
fair gaming and etc. so they will be aware that they can easily lost their money if they cannot choose the best platform or website to gamble.  Aside from what you have said, online gamblers can play anytime and anywhere also as long as they have the devices and internet connection.
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September 01, 2020, 10:48:04 AM
 #19

Only question we need to ask ourselves why bitcoin gambling industry rapidly growing and whose the only winer...?

There are various reasons due to which the bitcoin gambling during this time are growing. More and more people are getting involved to bitcoin and may be owning it as well. This is the lockdown times in some countries or places so at home people get bored and want to enjoy and gambling is one of the options. The real benefit could be either to casino owners or to one who gamble. If you lose site makes profits or vice versa. For addicted users this could be harmful as they may continue to gamble even if they keep losing the money and might not be able to stay without it.
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September 02, 2020, 08:16:41 AM
 #20

Only question we need to ask ourselves why bitcoin gambling industry rapidly growing and whose the only winer...?
Gamblers have different preferencesso winner is not yet to determined as we might find something interesting in others that is not offered by some but still they offer some games which is popular and interesting. Casinos have their own trending games that keeps their player. As long as the casino have good support, easy to withdraw and deposit as well I have chance to win then it's a winner and I do it sometimes in some gambling site

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