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[SquirrelJulietGarden]

This isn’t surprising, since a gambling platform is clearly not the kind of place where users would like to take out loans collateralized by their other assets. I believe that for the Betfury team, adding this feature was essentially an experiment, an attempt to expand the Betfury ecosystem beyond just gambling.

It is possible related to legal issues too as loan but it is only one of many possible reasons. Beyond legal issue, if BetFury saw that running the loan product on their gambling site is not profitable while it brings more tasks for their developers and staffs, with risk of security breach and exploitation, closing this product is a wise decision.

Only focus on gambling products is quite enough for an online casino and any other products can be considered as their trial products which can be closed anytime based on their internal data on operational cost and benefit as well as recommendation from compliance team.

[joeperry]

Only focus on gambling products is quite enough for an online casino and any other products can be considered as their trial products which can be closed anytime based on their internal data on operational cost and benefit as well as recommendation from compliance team.

I agree with this, the BetFury already has solid core if we're talking about gambling product but sometimes adding new feature might be revolutionary and might start a trend and it's not that bad to explore or experiment a little as long as it will not affect the core products or the user experience and the good thing about it is they can remove it anytime they want. Also, having some kind of feature makes you standout against the others and that means having a new users or new niches.

[virasog]

This isn’t surprising, since a gambling platform is clearly not the kind of place where users would like to take out loans collateralized by their other assets. I believe that for the Betfury team, adding this feature was essentially an experiment, an attempt to expand the Betfury ecosystem beyond just gambling.

It is possible related to legal issues too as loan but it is only one of many possible reasons. Beyond legal issue, if BetFury saw that running the loan product on their gambling site is not profitable while it brings more tasks for their developers and staffs, with risk of security breach and exploitation, closing this product is a wise decision.

Only focus on gambling products is quite enough for an online casino and any other products can be considered as their trial products which can be closed anytime based on their internal data on operational cost and benefit as well as recommendation from compliance team.

While it was a good initiative by Betfury to introduce Betfury, it may not be that easy for them to run this loan business along with gambling. We do not know if it was a legal issue or maybe it wasn't that fruitful. Also, I think that giving loans also involves the risk of loans getting defaulted and the people not returning the loans if proper collateral is not collected.

If they had continued this, it would have given them a boost and stood out among the gambling industry as no other site offers this, but then there must be a valid reason to close this service.

[Zwei]

Also, I think that giving loans also involves the risk of loans getting defaulted and the people not returning the loans if proper collateral is not collected.

the chance of that happening was 0, all the betfury loans had to be collateralized with more than the loan amount, and they had a set threshold if the collateral price drops below a certain level the borrower had to either increase it, or they got liquidated.

If they had continued this, it would have given them a boost and stood out among the gambling industry as no other site offers this, but then there must be a valid reason to close this service.

my guess, it wasn't profitable enough, and dealing with loans probably was a massive headache for them with how the prices are right now, so they just decided to shut it down.

[Rruchi man]

How about skill-based games? For example, in games that are PvP, where it is usually the player with the better skill that wins, would you say there is luck there?

what kind of PvP games?

Games like poker, where even though it is against the house, the casino has a leaderboard where you compete with other players for first position, which is the person with the highest score, and also poker games not the one against the house, poker played in physical casinos.

If they had continued this, it would have given them a boost and stood out among the gambling industry as no other site offers this, but then there must be a valid reason to close this service.

my guess, it wasn't profitable enough, and dealing with loans probably was a massive headache for them with how the prices are right now, so they just decided to shut it down.

Sometimes the plans that you set out become a competitive edge for you against other companies in the same business; they may walk against you and put you in a tight corner, and as a smart business owner, it is always good to know when to suspend certain business decisions and focus on the major purpose your company is up and running, and in this case, this casino is focused on gambling. It is alright to stop other services that want to turn into a problem for them.

[terrific]

Only focus on gambling products is quite enough for an online casino and any other products can be considered as their trial products which can be closed anytime based on their internal data on operational cost and benefit as well as recommendation from compliance team.

I agree with this, the BetFury already has solid core if we're talking about gambling product but sometimes adding new feature might be revolutionary and might start a trend and it's not that bad to explore or experiment a little as long as it will not affect the core products or the user experience and the good thing about it is they can remove it anytime they want. Also, having some kind of feature makes you standout against the others and that means having a new users or new niches.

It's probably a test run to see if its demand will go up for the additional products and features that they might want to check and add.
If the users do like it and they're seeing that there's a certain demand for it, they'll continue to have it.
But if it's only costing them money and it's not being enjoyed by their users, they'll just have to eventually have it closed and stopped it.
So you're right, they can remove it anytime they want if no progress is shown.

[dwyane36]

How about skill-based games? For example, in games that are PvP, where it is usually the player with the better skill that wins, would you say there is luck there?

what kind of PvP games?

Games like poker, where even though it is against the house, the casino has a leaderboard where you compete with other players for first position, which is the person with the highest score, and also poker games not the one against the house, poker played in physical casinos.

As far as I know, there’s a small poker tournament held every Sunday for the Bitcointalk community, sponsored by BetFury. However, BetFury doesn’t currently offer poker on its own platform, though I personally think they’ll get around to it sooner or later. After all, if the BetFury team wants to grow its platform, poker could become one of the most promising ways to do so.

[freedomgo]

This isn’t surprising, since a gambling platform is clearly not the kind of place where users would like to take out loans collateralized by their other assets. I believe that for the Betfury team, adding this feature was essentially an experiment, an attempt to expand the Betfury ecosystem beyond just gambling.

I believe as long as there’s proper collateral, that should be fine, especially if they know how to manage the risk.
If they decided to discontinue it, then that’s their own call.

And like you said, it’s not really surprising since not many casinos offer that kind of feature. It probably was just an extra feature, maybe even an experiment to see if it could boost their income.

[Taskford]

This isn’t surprising, since a gambling platform is clearly not the kind of place where users would like to take out loans collateralized by their other assets. I believe that for the Betfury team, adding this feature was essentially an experiment, an attempt to expand the Betfury ecosystem beyond just gambling.

I believe as long as there’s proper collateral, that should be fine, especially if they know how to manage the risk.
If they decided to discontinue it, then that’s their own call.

And like you said, it’s not really surprising since not many casinos offer that kind of feature. It probably was just an extra feature, maybe even an experiment to see if it could boost their income.

Maybe they face some issues for operating such feature's then when it became unsustainable due to some risk involve, maybe at that time they choose to close this feature and focus on other things.

This is good decision to do, especially if they are not gaining anything from that feature and maybe they can focus on other thing which their casinos can benefit more. Actually they are the first crypto casino I know have this feature and this is not common if you look on other platform.

[freedomgo]

This isn’t surprising, since a gambling platform is clearly not the kind of place where users would like to take out loans collateralized by their other assets. I believe that for the Betfury team, adding this feature was essentially an experiment, an attempt to expand the Betfury ecosystem beyond just gambling.

I believe as long as there’s proper collateral, that should be fine, especially if they know how to manage the risk.
If they decided to discontinue it, then that’s their own call.

And like you said, it’s not really surprising since not many casinos offer that kind of feature. It probably was just an extra feature, maybe even an experiment to see if it could boost their income.

Maybe they face some issues for operating such feature's then when it became unsustainable due to some risk involve, maybe at that time they choose to close this feature and focus on other things.

This is good decision to do, especially if they are not gaining anything from that feature and maybe they can focus on other thing which their casinos can benefit more. Actually they are the first crypto casino I know have this feature and this is not common if you look on other platform.

I’m not really familiar with how they handle risk, but even without collateral, considering the current market situation where everything has dropped, that could have caused some issues. But we don’t really know the exact reason, everything we’re saying is just speculation. So I’d rather believe that the decision was made for the betterment of the company.

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[Miles2006]

Well, it is quite hard to control when our emotions are triggered, especially when we are trapped in a cycle of revenge gambling.  We get emotional and when the emotions subsided, our bankroll is already emptied out.

Do you think because emotional control in gambling is not as emphasized as emotional control in trading, some people tend to neglect or ignore it when they gamble, so they do not pay enough attention to themselves to know that they are about to be triggered into revenge gambling, or are they simply ignoring caution even when they know they are revenge trading?

Emotions can be set aside when a gambler is well disciplined and being disciplined is a personal choice not minding how many times we create awareness concerning gambling emotion. The funny part about emotional gambling is they never release the consequences even after losing everything, self limit can also help gamble properly without much emotions, sometimes revenge gambling only make situations worse.

[serjent05]

Emotions can be set aside when a gambler is well disciplined and being disciplined is a personal choice not minding how many times we create awareness concerning gambling emotion. The funny part about emotional gambling is they never release the consequences even after losing everything, self limit can also help gamble properly without much emotions, sometimes revenge gambling only make situations worse.

True, revenge gambling never had a good result except if the person is very lucky.  Think about the situation, when a person is into revenge gambling, there are mixed emotions, frustration, anger, disappointment, and so on.  These negative emotions hinder our thinking thus once trapped in revenge gambling, our decision is muddled.  There are times that a person wants to stop already but since he is triggered, he can't control himself and continues to gamble until he is satisfied and recovers his losses or loses all his money.

This isn’t surprising, since a gambling platform is clearly not the kind of place where users would like to take out loans collateralized by their other assets. I believe that for the Betfury team, adding this feature was essentially an experiment, an attempt to expand the Betfury ecosystem beyond just gambling.

I believe as long as there’s proper collateral, that should be fine, especially if they know how to manage the risk.
If they decided to discontinue it, then that’s their own call.

And like you said, it’s not really surprising since not many casinos offer that kind of feature. It probably was just an extra feature, maybe even an experiment to see if it could boost their income.

I believe the service was there to attract more gamblers.  The platform stopped the service probably because it already done itpurpose and is just an extra baggage for the casino.