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Author Topic: Do You Trust In-House Casino Competition? (Wager/Multiplier/Raffle)  (Read 589 times)
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mu_enrico
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February 26, 2021, 03:12:52 AM
 #1

Many casinos have leaderboards for a wide range of competition. Is there a way to verify the validity of the users and their scores? What stop the casinos from printing random (fake) users and put that on the leaderboard?

That's the reason I only participate in competitions published and handled in Bitcointalk. It's easier to verify. Do you also think the same?

Sincerely,
A skeptic guy.

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February 26, 2021, 04:44:59 AM
 #2

I believe in the wager and raffles, because with respect to the wager amount I've got moved to the top on leaderboards. Also at times used to participate on competition, and has received raffles based on the wagered amount. In a competition for every $100 wagered I've received raffles.


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February 26, 2021, 05:13:51 AM
 #3

Sometimes I do get those thoughts when I don't win but I rarely have doubts on the casinos i'm playing given that they have a solid reputation.

It's always great to have some sort of verification if there's an option but it's hard to pass up in-house competitions that could be +EV even if there's no way to verify it.

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February 26, 2021, 05:21:27 AM
 #4

I don't think there is any way to verify the legitimacy of an in- house casino competition. Casinos can definitely create fake accounts and place them to the top of the leaderboard so that they don't have to actually pay out the prize money to anyone else other than an insider.

Holding raffles and lotteries in bitcointalk is still verifiable but nòt the in-house ones. That's why I prefer to enter only free raffles in online casinos where I don't risk loosing anything. But unfortunately, I have never won anything even in free raffles!

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February 26, 2021, 05:34:44 AM
 #5

Frankly speaking I do not really care about wagering competition because it is not something that suitable for me as a small gambler. Coming up to the possibility of fake accounts created by the casinos, I cant talk about it further because I have no proofs to accuse any casinos create fake accounts.
Anyway, I have won few times on In-house competition at several casinos but all of them are not wagering competition. Mostly, roll hunt number competition (yolodice), profit contest (coinroyale), raffle (duelbits), slot contest (fortunejack).

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That's the reason I only participate in competitions published and handled in Bitcointalk. It's easier to verify. Do you also think the same?

In the contrary, I'm participating competitions in bitcointalk because I feel that the chance to win is bigger since the number of competitors/participants is low compared to in-house competition.

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February 26, 2021, 06:17:24 AM
 #6

Many casinos have leaderboards for a wide range of competition. Is there a way to verify the validity of the users and their scores? What stop the casinos from printing random (fake) users and put that on the leaderboard?

That's the reason I only participate in competitions published and handled in Bitcointalk. It's easier to verify. Do you also think the same?

Sincerely,
A skeptic guy.
If the leaderboards are at the gambling sites with reputations, I believe that they will not give a fake result because that will be related to their reputations among the members.
I do not know how to verify the validity, but I believe in the gambling site's big name, as I said before.
The competitions that launch in the bitcointalk come from the gambling site with good reputations, recommended, and trustable, so there is no point for the user not to believe in them. They are one of many recommended gambling sites here.
The casinos can print random users on their leaderboard, but I do not think that the big gambling site will do that.

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February 26, 2021, 09:05:25 AM
 #7

I only take part in Sportsbet.io tournament competitions as I only play there.I tend to believe there are no faked names because as long as people are taking part in slots tournaments they are using money and the company in the end will only share part of this money to the top 5 players who wagered the most.There is no reason for a big casino why they would want to put random fake names in these competitions as there is nothing to be gained from this.



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February 26, 2021, 10:05:03 AM
Merited by mu_enrico (1)
 #8

my way of verifying is if the high roller in the leaderboard competition is not hidden and the another one is if he is active chatting in the public chat of a gambling site .
 my tips are not perfect because there are hidden players that are not connected on the site and also dont spend time in the chats but they play anonymously .
im not trying hard because i am no way of participating a competition  .
i never win a single competition because my plays are not intense

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February 26, 2021, 11:00:14 AM
 #9

I have never won anything even in free raffles!
#RIP lol

I'm participating competitions in bitcointalk because I feel that the chance to win is bigger since the number of competitors/participants is low compared to in-house competition.
Yeah, but perhaps that's because there was no sybil (fake accounts) attack. Only real account = fewer participants.
Duelbits' raffle was legit IMO (not because we won) lol, but because they stated the total ticket number. At that time, I was sure at least one of us would win.

my way of verifying is if the high roller in the leaderboard competition is not hidden and the another one is if he is active chatting in the public chat of a gambling site .
Interesting idea!

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February 26, 2021, 11:07:18 AM
 #10

my way of verifying is if the high roller in the leaderboard competition is not hidden and the another one is if he is active chatting in the public chat of a gambling site .
Interesting idea!
But most of the gamblers don't want their names being posted in the leader board.
It's their privacy too.
So, that is still not a way to verify them accurately.

I have also not been at the top of leaderboards even with dice.
It takes time and I don't want my computer to heat up just opening it 24/7 for the ranks.  Grin
I guess it will all depend of the trust built up by the gambling site.


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February 26, 2021, 11:23:46 AM
 #11

Many casinos have leaderboards for a wide range of competition. Is there a way to verify the validity of the users and their scores? What stop the casinos from printing random (fake) users and put that on the leaderboard?

That's the reason I only participate in competitions published and handled in Bitcointalk. It's easier to verify. Do you also think the same?


I have asked this questions many times myself and unfortunately I don't think there is a way to find out if these leaderboards are legit or not. Even if the casinos tells us everything is being regulated we still don't know what is going on behind the curtains. Maybe someone just makes a few fake accounts for leadersboards. In the end we just have to trust the casino or not.

I agree with you that having a well known forum behind the competitions makes it much more reliable. If the competitions are managed by a Hero or Legendary member here with a good trust record over several years we can all belief in it. The trust factors on the forum are a great way to reward long term users who were never involved in shady business.

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February 26, 2021, 12:40:21 PM
 #12

That's a nice question honestly. I am skeptic on wager competitions on small casinos and platforms that gets up to hundreds of btc wagered in a span of a week. Not that I'm questioning the pockets of those in the leaderboards but oftentimes, it's hard to believe that someone will wager such an amount in a relatively small casino that can perform exit scams so easily. Anyhow, on established casinos and platforms I have no problems joining the competitions. Even I myself managed to wager quite a nice sum on some events, although not enough to put me in the top 20s of the leaderboard.

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February 26, 2021, 12:40:55 PM
 #13

Believe me the only 1 way to prove the real winner of contest on Gambling site is raffle (well mostly it's only a giveaway, not contest). Site will use 3rd party to decide the winner by going live, so no one feel got cheated.

Different when we are talking about wager, biggest profit, race and other contests, all of these contest could be manipulated (especially when the time of contest is near end).

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February 26, 2021, 03:17:05 PM
 #14

I am always skeptical about "wagering" and probably some time I have seen serious suspect about frauds...because I have seen people wagering hundreds of bitcoin for just hundreds of dollars as a prize.
I think it's kind of impossible someone will risk so much money for just a little prize.

Or another example I have seen people playing for "lottery"... but the same amount of ticket earned was much much more of first prize if directly converted in "rakeback point"...

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February 26, 2021, 04:06:36 PM
 #15

I am always skeptical about "wagering" and probably some time I have seen serious suspect about frauds...because I have seen people wagering hundreds of bitcoin for just hundreds of dollars as a prize.
I think it's kind of impossible someone will risk so much money for just a little prize.

Or another example I have seen people playing for "lottery"... but the same amount of ticket earned was much much more of first prize if directly converted in "rakeback point"...

If you think that those who gamble hundreds of btc is aiming for the contest only, I can say that it is wrong.
Bear in mind that not all gamblers are gambling just for the wagering contest.
Whales wont really care about the prize as they can earn it easily with single bet.
Of course people who gamble for the wagering contest only does exist but they wont be risking hundred of btc for hundred of dollars.


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February 26, 2021, 05:25:42 PM
 #16

When it's a new casino, and their leaderboard has some serious wagers, I don't believe they're real. But when we're talking about a reputable casino, I don't see why they would fake such info, as the risk of someone casting solid doubt on the data outweighs the potential reward they might get. That being said, I also don't know of a way to check if these wagers are true, so it's indeed nice to have people share the info on Bitcointalk (especially when we're talking about a competition), thus proving that the info is legit.

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February 26, 2021, 06:04:19 PM
 #17

Well if an user is at leaderboard top positions there must be someway to proove that, maybe through his account's statistics?
I think a casino can't fake this kind of competition for too long, because the real big players will start doubting, questioning and complaining about the results, what will lead a wave of suspiciousness among other gamblers, prejudicing future competitions and the casino itself. So there is no point for a casino who wants to be reputable and to operate for a long time to practice such actions.


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February 26, 2021, 06:19:31 PM
 #18

As long the system using internal casino system count, IMO still no solution for this went the casino was really want to cheat on the contest with some big prize + they want to take all the winners to spot so as not to lose anything just for creating some HYPE.

Some solution maybe for Multiplier Contest the casino can provide a hash result for each user who reaches the multiplier depending on what type multiplier for the contest (High or specifiq). But just like I said before if the casino really want to cheat and not losing money, yeah they can create their own account and just add unlimited money on real balance to play for chasing a high multiplier ~XD

Wager contest was impossible to be tracked + cannot give any solution. In the case for the raffle we can using a number of tickets like duelbits and roll the winners via livestream.

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February 26, 2021, 07:50:50 PM
 #19

Many casinos have leaderboards for a wide range of competition. Is there a way to verify the validity of the users and their scores? What stop the casinos from printing random (fake) users and put that on the leaderboard?

That's the reason I only participate in competitions published and handled in Bitcointalk. It's easier to verify. Do you also think the same?

Sincerely,
A skeptic guy.

Hey, I am also one of the skeptics when it comes to stuff like this... because we know some casinos use some drastic strategies to get people to gamble more. The thing is... if they get caught and something like this is posted online... then their reputation will be destroyed.

I know some of the Streamers are funded by the casinos to showcase their casinos and to attract new gamblers to their casinos. I do not really think this is unethical... but they should really just say that some of these streamers are funded, so that it does not cause any problems when it is revealed.

Problem is.... exposing this is almost impossible and you have to be a hacker or you have to get some whistleblower to expose this practice.  Roll Eyes

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February 26, 2021, 08:54:25 PM
 #20

I trust such competitions - if you pay attention to the size of the prizes in relation to the money that is spinning there, then we can say that these are insignificant amounts for the casino. Such prizes are a small rateback for big players. These are image projects and are practically free for casinos.


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