Fake bets

[madnessteat]

this is a thing
many people forget about the importance of reputation and get burned for some money short term by promoting websites and services that are scams
way better to think longterm
money is fungible, reputation is not

Many people do not have sufficient skills to independently analyze the advertised object and rely entirely on the reputation of the streamer. Others simply can't refuse to watch content they like. That is why we can still see advertisements of dubious nature on the channels of streamers who have a huge number of subscribers.

[Oilacris]

this is a thing
many people forget about the importance of reputation and get burned for some money short term by promoting websites and services that are scams
way better to think longterm
money is fungible, reputation is not

Many people do not have sufficient skills to independently analyze the advertised object and rely entirely on the reputation of the streamer. Others simply can't refuse to watch content they like. That is why we can still see advertisements of dubious nature on the channels of streamers who have a huge number of subscribers.

If we do really make ourselves not to be blind on everything then we wont really be easily get hooked into possible frauds and deceptive streams that will led into those non fair sites.

You should be always be sensible on dealing up with things no matter how you do trust up that particular streamer because not all things had been suggested or recommended would

always turns out to be fair or good.So its up to your own common sense and awareness.

[KTChampions]

Have you guys heard about the Twitch leak?

Monthly payments to top streamers from Twitch:

https://twitter.com/KnowS0mething/status/1445651544200781830

Gross payments from August 2019 to September 2021:

https://twitter.com/KnowS0mething/status/1445663228831297545

These are only direct payments from Twitch! It does not include advertising revenues, merchandise sales donations, etc.
I think that scammers simply don’t have enough money to order advertising from such guys, and streamers will never risk their huge income for one-time earnings.

[timerland]

A) Bet amount inflation; The streamer only wants to gamble with $100. The site gives them "$10000" in funds, but only 1% of this is withdrawable. The viewers will think that the streamer is gambling with $10000, while in reality, they're only risking $100.

B) Infinite refills; The casino makes an agreement with the streamer. Let's say they want to pay the streamer $50,000 for a sponsorship contract. They start giving the streamer endless $1000 refills, which the streamer is supposed to gamble with. They will repeat this process until they "win" $50,000. The streamer will pretend to be shocked and highlight this big win in all of their social media channels. However, the truth is that there were zero risks involved for the streamer, and the final outcome was already known -- It was just a matter of time.

People seem to think that the first option is better, but I personally believe that both of these funding options should be banned.

Inflated bet amounts are just as misleading as infinite refills, even though you could make the argument that the streamers actually have some sort of genuine reaction (since they can withdraw 1%).

With these inflated bet amounts they are likely to take on risks and bet higher amounts on higher odd payouts... Which is totally misleading.

[pakhitheboss]

Isn't a kind of marketing strategy of a casino? I do not see any harm in such tactics. I have not watched any streams recently but I remember many casinos promote such streamers on their platform. If you are smart enough then you should know that it is a marketing strategy to get more customers. Another question I want to ask from you which gambling website do you think is a saint?

[ralle14]

many people forget about the importance of reputation and get burned for some money short term by promoting websites and services that are scams

I don't think that people forget about the importance but from what i've seen there's just less repercussion as most streamers are able to retain their viewership regardless of the brands they're promoting.

Another question I want to ask from you which gambling website do you think is a saint?

I think there's no such thing since it's normal for players to have a bad experience in any casino and it's kind of inevitable because of the terms and conditions.

[michellee]

Isn't a kind of marketing strategy of a casino? I do not see any harm in such tactics. I have not watched any streams recently but I remember many casinos promote such streamers on their platform. If you are smart enough then you should know that it is a marketing strategy to get more customers. Another question I want to ask from you which gambling website do you think is a saint?

As long as we do not take their play seriously, we will not get deeper into the gambling or even stay away from that and decide to learn from the other resources. The video can be our lesson if we can find good streamers which can be honest to their audience and that is rare to find those people like that. It will need research to find the gambling site and that will not be easy to get it.

[delfastTions]

....
Another question I want to ask from you which gambling website do you think is a saint?

This is actually a rather cryptic question🙂.  And the answer to it can be, perhaps, only one "there are no such casinos!".  Because, firstly, many religions do not allow approving gambling and profit in general.  And secondly, any gambling site will find players who will believe that they were wronged, although they themselves are to blame, did not read the rules or got confused and lost money, then offended, tried to return it, but it did not work out.  Of course they will curse such a site.  And this applies to absolutely everyone.  Both crypto and fiat casinos.  We can only talk about casinos, to which there are few complaints.  Apparently they are the best, but not at all "saints"

[Chato1977]

<...>

<...>

Every Streamer chooses how to monetize content, but I believe that self-respecting Streamer and most importantly respecting their subscribers will not take part in advertising that can have a negative impact on people who trust him. If a streamer engages in such activities, he spits in the face of his subscribers, so I refuse such content and advise others to do so. 

The streamers can promote any gambling site he wants, but he has to ensure that it will not ruin his reputation so his subscribers will continue to patronieze the channel. Being a streamer, their best asset is their viewers, so no viewers means no influence on what they are promoting.

this is a thing
many people forget about the importance of reputation and get burned for some money short term by promoting websites and services that are scams
way better to think longterm
money is fungible, reputation is not

Internet personality is like a Highway in which they will only passed and earn then will divert to another business so what do they care about reputation at all? they can still live better after gaining enough funds to start new business in real life.
those streamers cares nothing at all so why do we care?

[KTChampions]

A) Bet amount inflation; The streamer only wants to gamble with $100. The site gives them "$10000" in funds, but only 1% of this is withdrawable. The viewers will think that the streamer is gambling with $10000, while in reality, they're only risking $100.

B) Infinite refills; The casino makes an agreement with the streamer. Let's say they want to pay the streamer $50,000 for a sponsorship contract. They start giving the streamer endless $1000 refills, which the streamer is supposed to gamble with. They will repeat this process until they "win" $50,000. The streamer will pretend to be shocked and highlight this big win in all of their social media channels. However, the truth is that there were zero risks involved for the streamer, and the final outcome was already known -- It was just a matter of time.

People seem to think that the first option is better, but I personally believe that both of these funding options should be banned.

Inflated bet amounts are just as misleading as infinite refills, even though you could make the argument that the streamers actually have some sort of genuine reaction (since they can withdraw 1%).

With these inflated bet amounts they are likely to take on risks and bet higher amounts on higher odd payouts... Which is totally misleading.

What should you do if a streamer plays honestly for $ 100, but for someone it is a huge amount of money? Ban too? I don't see any logic in this - each person decides for himself how much to risk when betting, if at the same time he looks at others (for example millionaires) and decides to make the same big bets, then this is his mistake and problem.

[RealMalatesta]

If you are smart enough then you should know that it is a marketing strategy to get more customers. Another question I want to ask from you which gambling website do you think is a saint?

So, you mean as part of marketing strategy they can lie to us? Then how we could expect them to remain honest in all other aspects? I am not ready to agree with the argument of "for the sake of marketing" because it is not convincing me to keep believing into a services for my hard earned cryptos. I just need a fair platform which should not lie for any reasons.

As long as we do not take their play seriously, we will not get deeper into the gambling or even stay away from that and decide to learn from the other resources.

We need to think with the aspect of basic human psychology. When gambler is making huge profits on a live stream from a reputed casino then what will you do? You might get temped and then you may start copying his all strategies and tactics. So, most gambler will start taking such things seriously but time frame may differ gambler to gambler.

[l3pox]

this is a thing
many people forget about the importance of reputation and get burned for some money short term by promoting websites and services that are scams
way better to think longterm
money is fungible, reputation is not

Many people do not have sufficient skills to independently analyze the advertised object and rely entirely on the reputation of the streamer. Others simply can't refuse to watch content they like. That is why we can still see advertisements of dubious nature on the channels of streamers who have a huge number of subscribers.

hum, not sure if I fully agree with having skills to analyze the companies that approach you
maybe I got used to it and now it's obvious but is not so hard to tell real from fake/scam and even if you can't at first glance you should ask things about their businesses before just accepting money to promote something that could be bad for people

but I understand your point as well

[michellee]

As long as we do not take their play seriously, we will not get deeper into the gambling or even stay away from that and decide to learn from the other resources.

We need to think with the aspect of basic human psychology. When gambler is making huge profits on a live stream from a reputed casino then what will you do? You might get temped and then you may start copying his all strategies and tactics. So, most gambler will start taking such things seriously but time frame may differ gambler to gambler.

Talk about basic human psychology, not all people will getting effect with what they watch or hear instead will trying to filter and see the bad and the good for them. Maybe that can affect some gamblers, and the rest will consider that it is a video that they can watch in many sources or media. If most gamblers start taking such things seriously, then it needs to be asked how they can control themselves when they are playing gambling if they can get the effect because of watching that video?

[Furious 7]

Isn't a kind of marketing strategy of a casino? I do not see any harm in such tactics. I have not watched any streams recently but I remember many casinos promote such streamers on their platform. If you are smart enough then you should know that it is a marketing strategy to get more customers. Another question I want to ask from you which gambling website do you think is a saint?

Casino platforms will of course do marketing as a tactic for more customers and they are the ones who pay for a streamer with a large number of followers and are used to gambling streams so I think whatever it is marketing is still done that way, even I see a lot of downward streams that doing marketing on his casino, isn't this just after money and knowing his reputation?
I can't say it's sacred but it's true that many have done it, including even big casinos.

[Fortify]

this is a thing
many people forget about the importance of reputation and get burned for some money short term by promoting websites and services that are scams
way better to think longterm
money is fungible, reputation is not

Many people do not have sufficient skills to independently analyze the advertised object and rely entirely on the reputation of the streamer. Others simply can't refuse to watch content they like. That is why we can still see advertisements of dubious nature on the channels of streamers who have a huge number of subscribers.

While we should definitely strive to protect the younger generations who are very impressionable and have not built up the knowledge of critical thinking to question what these streamers are doing, I think at some point we need to accept that grown adults should know better. If a streamer is identified as having a large younger audience, then they should receive special attention as to what they are doing and any subtle advertisements that they drop in. It's just extremely hard to distinguish between someone who genuinely likes a product or service, and someone who is being paid behind the scenes to promote it - you might have to ban such endorsements or clearly state that the views might be biased. It would need some sort of official and effective regulator who can actually investigate such activity (in every country), because it would require knowledge of payments that is generally quite hidden.

[Woodie]

Edit:
This seems to be a pretty controversial subject, so I decided to write this blog post to expand on my thoughts on this:
https://twitter.com/CSGOEmpireV2/status/1375068884584267778

Sorry didn't open the to see the tweet but fake bets

I'm curious to hear what the Bitcointalk community thinks about this topic;

Casinos using fake bets to attract new players.

I was surprised to learn that the vast majority of videos and streams on Roobet.com are actually fake.
Here are a couple of examples of different deal formats that casinos are making with the influencers:

A) Bet amount inflation; The streamer only wants to gamble with $100. The site gives them "$10000" in funds, but only 1% of this is withdrawable. The viewers will think that the streamer is gambling with $10000, while in reality, they're only risking $100.

Not to sound like a shill for Roobet but I have been a participant of some of the twitch streams which are usually characterized to have giveaways of the funds that the streamer wins after a betting session and later gives away some of the winnings to the streamers that were watching...and nothing about this give the impression that this was fake and fortunately for me I have gotten to win some funds as well.

[tabas]

Internet personality is like a Highway in which they will only passed and earn then will divert to another business so what do they care about reputation at all? they can still live better after gaining enough funds to start new business in real life.
those streamers cares nothing at all so why do we care?

It's the sad fact that many don't understand about these internet celebrities, influencers and streamers. They're all just for the buck and endorsement.
It's like, they're just minding their own business and it's only a job to them when they endorses a site that has paid them to do so.

[Oasisman]

Isn't a kind of marketing strategy of a casino? I do not see any harm in such tactics. I have not watched any streams recently but I remember many casinos promote such streamers on their platform. If you are smart enough then you should know that it is a marketing strategy to get more customers. Another question I want to ask from you which gambling website do you think is a saint?

Nothing is wrong with that as long as the online casino is a legitimate provably fair casino. And yes that's part of the marketing strategy to show the public how fair the online casino is upon playing several of the games offered by the online casino.
But the problem is, most of the streamers are deceiving the viewers as If they're playing with their own money.
So, that falls under the FTC rules .
I'm not against these streamers streaming their gambling activities as long as they will properly disclose if they're using their own money or they are tied with the online casino company.

[Reatim]

I really hate Lying site because this comes to fooling people/gamblers  if a company really paying for this fake bets streaming then i think there is something to explain for.
though almost every casino has their own strategy and i also believe that many of them are doing the same faking of bets.

[boyptc]

I really hate Lying site because this comes to fooling people/gamblers  if a company really paying for this fake bets streaming then i think there is something to explain for.
though almost every casino has their own strategy and i also believe that many of them are doing the same faking of bets.

The bets that have been casted by a streamer is real, he's given a credit to bet with and show it to his audience.

But the fact is that there really are many casinos that fake their bets and shows fake winners on their leaderboards.