It takes years to build a reputation and seconds to break it

[Woodie]

For a business to build a reputation, it takes a lot of money and time to be invested to achieve this through marketing, brand awareness and all other activities.

But my question is why would they risk all they have invested to a few players by scamming them? I for one know the forum will side with the player that have been allegedly being scammed in most cases but how do casino's/bookies  protect themselves if not terms and conditions?

If people buy reviews to paint a picture of a good standing business,  what would stop the competition from buying people to tarnish a competitors reputation to have an advantage in the business?

[jrrsparkles]

Exit scamming strategy is exist in every field, so when a company earned lot of reputation and made enough money for their future then they can scam people by closing their business but in real world its not possible since we know the company owners so the laws of our country will punish them.

Anyway a company with good reputation may not do this since they already on the top of the list so they can keep making money ebery year and also their company will grow bigger.

[Karartma1]

We have so many examples of establish reputations in every field which were established with a precise aim to make an exit scam.
In the crypto space I could cite the Mintpal and Cryptsy fiascos: with Cryptsy I was personally able to take my bitcoin out just a few weeks before the scam.
One can't never tell how things will play out.

[ralle14]

But my question is why would they risk all they have invested to a few players by scamming them? I for one know the forum will side with the player that have been allegedly being scammed in most cases but how do casino's/bookies  protect themselves if not terms and conditions?

I guess by having some form of union similar to the crypto gambling foundation or have a mediator, without the terms and conditions there's not much the casinos could do aside from moving on. Another way to protect themselves is to make these cases more transparent but most casinos aren't willing to do so.

There's already people trying to bring down their competitors but it's not the best way to have an advantage because eventually it'll stop working if you know that the casino is doing their best to clear every problem they have with their players.

[Kasabus]

Some casinos here have a bad reputation based on our own perception or in this forum, however, they are still operating profitably and that still keeps them in business. Reputation is really important, it's built through time but personally, I still play with a gambling site with a bad reputation because I have a good experience playing with their site.

This is a big business with an expected big competition, so we should not judge right away if we see a site with a bad review as no site is perfect and if they really are scammers, then they should be already in jail.

[DoublerHunter]

~snip~
If people buy reviews to paint a picture of a good standing business,  what would stop the competition from buying people to tarnish a competitors reputation to have an advantage in the business?

^ Probably from the start, they will not build their reputation very well or become well-established gambling businesses. If they wanted to have an exit scam after a month there are too many issues that will happen like, selectively scamming their users. Sometimes the TOS was a perfect trap for the most naive users, if they violate it, the gambling site owner has a right to freeze their fund and considerable a user's fault not on the gambling site owner, it is like the play safe to them. Nevertheless, a gambling site built as a fraud from the start always makes fraud activities and most worst if they will end up exit scam.

[Alisha-k]

Before signing up for any business or site of any kind there are terms and conditions which we must accept before creating such account but most times we neglect reading them all we do is just click on it without going through it's content and this is where most of the negative experiences we get from those portfolio comes from. We have every right to cancel our sign up order if the terms and conditions doesn't suit you

[Oasisman]

Exit scamming strategy is exist in every field, so when a company earned lot of reputation and made enough money for their future then they can scam people by closing their business but in real world its not possible since we know the company owners so the laws of our country will punish them.

That doesn't make sense.
Exit scamming when your business is booming?
Man, If my business is earning a lot of reputation and generate good income why would I risk the long term income over a limited amount of money that has been put by clients to your business.

If people buy reviews to paint a picture of a good standing business,  what would stop the competition from buying people to tarnish a competitors reputation to have an advantage in the business?

Well, that's actually happening in different business models.
Good customer service/support will beat those who threatened to tarnish the reputation of your business.

[Zilon]

For a business to build a reputation, it takes a lot of money and time to be invested to achieve this through marketing, brand awareness and all other activities.

Money has nothing to do with building a reputation for any organisation but good customer care and transparency. Most investors feel money is all that matters not knowing a good customer care service can attract lots of patronage.

But my question is why would they risk all they have invested to a few players by scamming them? I for one know the forum will side with the player that have been allegedly being scammed in most cases but how do casino's/bookies  protect themselves if not terms and conditions?

No business who has struggled to build a good reputation would want to tanish it for a meaningless reason. This is why it's always adviced to read through the terms and conditions of a particular casino or any gambling site before signing up so you understand what risk you are involving yourself with at any given point in time.

[acroman08]

But my question is why would they risk all they have invested to a few players by scamming them?

maybe they do it if they know that they can get away with it.

I for one know the forum will side with the player that have been allegedly being scammed in most cases

yeah, but not until the player has provided enough evidence that shows that the gambling site is at fault. there have been a lot of cases of scam accusation here in the forum where the gambler has been caught lying that is why providing evidence is important if you are going to post a scam accusation here in the forum.

If people buy reviews to paint a picture of a good standing business, what would stop the competition from buying people to tarnish a competitors reputation to have an advantage in the business?

nothing, this kind of practice has been happening for a long time even before the internet was invented. and to be honest, I feel like this kind of tactic has also been used here in the forum in hope of tarnishing a company's reputation in the community.

[Taskford]

For a business to build a reputation, it takes a lot of money and time to be invested to achieve this through marketing, brand awareness and all other activities.

But my question is why would they risk all they have invested to a few players by scamming them? I for one know the forum will side with the player that have been allegedly being scammed in most cases but how do casino's/bookies  protect themselves if not terms and conditions?

If people buy reviews to paint a picture of a good standing business,  what would stop the competition from buying people to tarnish a competitors reputation to have an advantage in the business?

If we talk about scam casino well for sure they spend some huge amount just to market their casino so that they can lure big whales to play at them the more huge players they can get the more huge money they can possibly scam so don't be  surprised for having that since this case is not so rare. That's why you shouldn't put all your money and spend only what you can afford to lose since  anything might happen on some casino so you need to be careful on that.

[mu_enrico]

This is a broad topic and without naming one specific case, I'm afraid the answer will be may or may not "on topic" as you intended. Anyway, in some case, the business was real, and they really built the business to be successful, but along the way many things can happen for example, personal issues from top management, financing mistakes (too much debt), new competitions, regulation change, etc., that could make scam more tempting.

In other side of the spectrum, there exist shady businesses utilizing fake reviews/reputations (with some legit reviews). They played the long game to lure whales.

[mindrust]

For a business to build a reputation, it takes a lot of money and time to be invested to achieve this through marketing, brand awareness and all other activities.

But my question is why would they risk all they have invested to a few players by scamming them? I for one know the forum will side with the player that have been allegedly being scammed in most cases but how do casino's/bookies  protect themselves if not terms and conditions?

If people buy reviews to paint a picture of a good standing business,  what would stop the competition from buying people to tarnish a competitors reputation to have an advantage in the business?

Sometimes the owner of the business don't even know what's going on. Sometimes it is just a rogue employee or/and group of high up officers.

They don't care if the reputation gets damaged as long as they make money and the balance sheet of the company goes up.

If the shareholders are happy, nobody really cares.

[bitzizzix]

Reputation can be damaged not only because of a scam but there are also those who want to bring down the gambling site or whatever for reasons of unacceptable big losses, mistakes from the site or themselves and also competition and so on.
this is where we have to be smart to judge if there are suspicious indications on every site that we follow and investigate the truth so as not to misjudge and also anticipate if it is a scam.

[SquirrelJulietGarden]

Don't trust any third party for your money and the saying "not your keys, not your coins" is always right.

Notyourkeys.org.

Exchanges can build up their reputation and do scam exit or better they get hack and if you are unlucky, and belong to compromised accounts and don't get compensation from exchanges.

Rollbit, the gambling site I am promoting with my signature, resolved that case very well and also intentionally refund to other users who got same issues. It is one of way to build up reputation and attract new users.

[Twinkledoe]

Reputation can be damaged not only because of a scam but there are also those who want to bring down the gambling site or whatever for reasons of unacceptable big losses, mistakes from the site or themselves and also competition and so on.
this is where we have to be smart to judge if there are suspicious indications on every site that we follow and investigate the truth so as not to misjudge and also anticipate if it is a scam.

You also need to do at least a background check of the person who is accusing the site. Because you will know if that person is just faking the allegations by his post history. And also, if he only created the account just to make wrongful accusations. But if the poster is a reputable member like for example in the forum, then, assess if he does really have valid reasons about such accusation. Because he will not ruin his reputation by throwing fake allegations.

[dothebeats]

The act of scamming on reputable websites are perpetrated not by the whole platform but perhaps a few corrupt ones who think they can get away with it. This may not be the case, of course, but I've seen some platforms get destroyed in terms of reputation because of a few bad apples existing within their ranks. For us users of these platforms, we should be smart enough to not leave huge sums of money on our account unless we want to gamble with our money even if we're not using it.

[Wexnident]

Cause quick profit is an easy temptation, plus, if they never really planned to actually run it properly, why would they not break it? As for casinos protecting themselves, it's rather easy tbh. Explain everything that happened. The forum isn't full of idiots, they would analyze and see who was really at fault and whether the one at fault was willing to admit it and to change. There are already various examples here tbh, one being a case where the user used an exploit to win money and used that money to win a big amount. The former was an exploit, while the latter was due to luck. There was an entire thread explaining a bunch of stuff and reasoning for that one (can't really remember the casino involved), but it was rather easy to see how reputable casinos actually take the time to explain stuff.

[madnessteat]

Unfortunately, nowadays black PR is used in many areas and gambling is no exception. It is important to understand that no casino that values its reputation will not deceive the player, as the reputation losses are hundreds of times greater than the profits from the deception. Do not believe any of the reviews that have no evidence and check all the information yourself.

[qwertyup23]

For a business to build a reputation, it takes a lot of money and time to be invested to achieve this through marketing, brand awareness and all other activities.

But my question is why would they risk all they have invested to a few players by scamming them? I for one know the forum will side with the player that have been allegedly being scammed in most cases but how do casino's/bookies  protect themselves if not terms and conditions?

If people buy reviews to paint a picture of a good standing business,  what would stop the competition from buying people to tarnish a competitors reputation to have an advantage in the business?

You know, it is very hard to predict what is going on inside the minds of these people.

Just to give you an example, there are profitable and well-reputated members here in the forum and it took them years to build up such reputation. They received lots of positive trust from the members here and they gained mostly the trust of the members here. Unfortunately, some got involved in a loaning scam where they defaulted as they never went back again here in the forum.

Imagine, building up your reputation just to destroy it in seconds. The reason might be obvious: it's all because of deception for money. But, what they failed to realize is that what they did only satisfies their short-term needs.