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

[Betwrong]

First off, I truly believe that reputation is subjective because there are lots of factors to consider. However, to prevent exit scams, it is really important that the casino that you choose should be properly regulated and registered and not just because they offer all the games you enjoy.
~

This will not save you from scammers in any way. If the management decides to cheat the players, it will do it, but different tricks will be applied than if it were a casino without regulation. For example, a "hack" will be made when all funds of the casino and players are "stolen". This has already happened with many exchanges, this is a common algorithm.

Such things often used to be the case with darknet markets on the dark web, but I don't think it would be easy to get away with it on the clearnet, especially when the site is registered and properly regulated. Imo, trying to exitscam is suicide for the management of a gambling site because it's almost guaranteed that the truth will come out after a proper investigation.

[KTChampions]

This will not save you from scammers in any way. If the management decides to cheat the players, it will do it, but different tricks will be applied than if it were a casino without regulation. For example, a "hack" will be made when all funds of the casino and players are "stolen". This has already happened with many exchanges, this is a common algorithm.

Such things often used to be the case with darknet markets on the dark web, but I don't think it would be easy to get away with it on the clearnet, especially when the site is registered and properly regulated. Imo, trying to exitscam is suicide for the management of a gambling site because it's almost guaranteed that the truth will come out after a proper investigation.

This happens all the time in crypto projects, especially crypto exchanges (I don't know how you evaluate them as a dark market or as a clearnet), the last example is the Livecoin exchange. Where cryptocurrency is used, such a scenario is very likely, since even despite the transparency of the blockchain, it is almost impossible to return the stolen funds.

[peter0425]

And that is a great thing as this stops a great deal of scams happening, but unfortunately there is a great deal of bitcoin users that do not use this forum or do not even know that it exists and this is a problem because instead they rely on the information they see on social media and we know that there are many accounts there that are paid to promote a casino, and while there is nothing wrong with that we know that there are many accounts that are promoting casinos that scam their customers, and since people do not know this they keep falling into the same scam which they could have avoided if they just consulted this forum.

It's obvious that if a Pyramid scheme company or altered name "Cloud Mining" pays a good chunk of money then there are going to be people that will promote that scam because of the money they're getting out of it.

It doesn't take them more than 2-3 months before they disappear and come back with another Similar website, I remember there was this website DubaiTrade, the owner of that website scammed me and came back with another site and asked me to invest into that saying "You should, while it lasts" 

I think we can exempt in the discussion those investments that is an obvious scam, OP was telling about years of building a reputation so it's a legit business that has ruin their reputation in the long run. Ponzi schemes such as cloud mining won't last long, you'll be lucky if they'll last a month.

Though it is rarely to happen yet there are still site that do this thing Maybe in desperation or when the site is losing hope of rebuilding?
and making an exit scam?

But I think instead of doing such why not sell the site instead to at least make a good amount and let others handle the management.

[TheGreatPython]

Warren Buffet once said "we could afford to lose some money, we are rich enough for that, but we can't lose a shred of reputation, I rather lose billions a year before I lose a shred of reputation" and I feel like that is as true back then as it is right now.

It works for casinos, it works for any other business as well, for example I do not use amazon at all, even if it is cheaper there, I ended up paying something 3.6k instead of 2.5k because 2.5k was on amazon and 3.6k was somewhere else, yes that is right I paid over 1k more for something and that is not a small amount just because I do not deal with amazon at all, sure there are still so many people that use amazon but there will be less and less people who buy from amazon the more they keep being horrible. So it is not just about gambling, it works in every business in the world and if they lose reputation, that is the end of it, it is nearly impossible to recover from that.

[ReiMomo]

This will not save you from scammers in any way. If the management decides to cheat the players, it will do it, but different tricks will be applied than if it were a casino without regulation. For example, a "hack" will be made when all funds of the casino and players are "stolen". This has already happened with many exchanges, this is a common algorithm.

Such things often used to be the case with darknet markets on the dark web, but I don't think it would be easy to get away with it on the clearnet, especially when the site is registered and properly regulated. Imo, trying to exitscam is suicide for the management of a gambling site because it's almost guaranteed that the truth will come out after a proper investigation.

This happens all the time in crypto projects, especially crypto exchanges (I don't know how you evaluate them as a dark market or as a clearnet), the last example is the Livecoin exchange. Where cryptocurrency is used, such a scenario is very likely, since even despite the transparency of the blockchain, it is almost impossible to return the stolen funds.

I have come across Binance paying back to those whose money was hacked. This was genuine. But why should an exchange like Livecoin cheat its investors by hacking. Why dont such exchanges work on things to built its business and retain its investors / customers. Is it that they dont take risk in spending more money to built them up. It would usually take time to stand in the market. Do they fail to stand firm since they scam from the beginning

[blockman]

Warren Buffet once said "we could afford to lose some money, we are rich enough for that, but we can't lose a shred of reputation, I rather lose billions a year before I lose a shred of reputation" and I feel like that is as true back then as it is right now.

I've never read that quote from him but if that's what he said. It's true that it's reputation is more than money. On his logic that has been given as an example, he can earn more than what he's going to lose if he got his reputation stable because he can eventually get back that loss.
And that's the same for most reputable casinos, they're probably following the same logic and rule as what Warren Buffett has said because it's more of the reputation and profit will follow it.

[dunfida]

Warren Buffet once said "we could afford to lose some money, we are rich enough for that, but we can't lose a shred of reputation, I rather lose billions a year before I lose a shred of reputation" and I feel like that is as true back then as it is right now.

I've never read that quote from him but if that's what he said. It's true that it's reputation is more than money. On his logic that has been given as an example, he can earn more than what he's going to lose if he got his reputation stable because he can eventually get back that loss.
And that's the same for most reputable casinos, they're probably following the same logic and rule as what Warren Buffett has said because it's more of the reputation and profit will follow it.

Theyre connected to each other which you can presume out and would definitely choose if you were gonna need to select neither money or reputation.To think of that you wont really be getting money if your  reputation

is not known or bad.It would always be giving out that positive effect into someone or company and those lines said by WB then i totally agree with that.Reputation is something that cant really be built

in a short time because once you had able to built reputation then money would come next.

[South Park]

And that is a great thing as this stops a great deal of scams happening, but unfortunately there is a great deal of bitcoin users that do not use this forum or do not even know that it exists and this is a problem because instead they rely on the information they see on social media and we know that there are many accounts there that are paid to promote a casino, and while there is nothing wrong with that we know that there are many accounts that are promoting casinos that scam their customers, and since people do not know this they keep falling into the same scam which they could have avoided if they just consulted this forum.

It's obvious that if a Pyramid scheme company or altered name "Cloud Mining" pays a good chunk of money then there are going to be people that will promote that scam because of the money they're getting out of it.

It doesn't take them more than 2-3 months before they disappear and come back with another Similar website, I remember there was this website DubaiTrade, the owner of that website scammed me and came back with another site and asked me to invest into that saying "You should, while it lasts" 

Those scammers really do not have any kind of shame don’t they? Still even if a person does not consult this forum they can still learn from those bad experiences as long as they do not invest a lot of money in them, I remember that I invested 20 dollars in a scam, not on this market by the way, and even if I lost them those 20 dollars taught me a lesson I will never forget, so in a way it was a reasonable price to pay for the knowledge I got, but there are people that invest all their money in those kind of scams and they suffer greatly because of it.

[AmoreJaz]

And that is a great thing as this stops a great deal of scams happening, but unfortunately there is a great deal of bitcoin users that do not use this forum or do not even know that it exists and this is a problem because instead they rely on the information they see on social media and we know that there are many accounts there that are paid to promote a casino, and while there is nothing wrong with that we know that there are many accounts that are promoting casinos that scam their customers, and since people do not know this they keep falling into the same scam which they could have avoided if they just consulted this forum.

It's obvious that if a Pyramid scheme company or altered name "Cloud Mining" pays a good chunk of money then there are going to be people that will promote that scam because of the money they're getting out of it.

It doesn't take them more than 2-3 months before they disappear and come back with another Similar website, I remember there was this website DubaiTrade, the owner of that website scammed me and came back with another site and asked me to invest into that saying "You should, while it lasts"  

Those scammers really do not have any kind of shame don’t they? Still even if a person does not consult this forum they can still learn from those bad experiences as long as they do not invest a lot of money in them, I remember that I invested 20 dollars in a scam, not on this market by the way, and even if I lost them those 20 dollars taught me a lesson I will never forget, so in a way it was a reasonable price to pay for the knowledge I got, but there are people that invest all their money in those kind of scams and they suffer greatly because of it.

scammers know how to get the interest of users that are after for quick profit. they will give flowery words up until you send your funds to them. but if you know better, you will ignore this kind scheme. a lot are being victimised because of their ignorance or just plain laziness of looking up on the net. it is quite easy now to dig a lil bit as one search, you will find related articles on basically everything.
and most of the time, we need to learn our own lessons, and one is if we lost something and that will be our pivot point to be cautious on our cyber activities.

[Quintrix]

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?

That is why the complainant must post all the posts and screenshots to verify all his accusations, you don't post here that you got scam with only words with no valid proofs to show the weight is always on the complainants and if he is posting he better make sure that he did not or have no intention to break the rules, it goes on who can show a better proof, for gamblers that he did not break any rules, for operators that the player is guilty of violating the rules and TOS.

[ethereumhunter]

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?

That is why the complainant must post all the posts and screenshots to verify all his accusations, you don't post here that you got scam with only words with no valid proofs to show the weight is always on the complainants and if he is posting he better make sure that he did not or have no intention to break the rules, it goes on who can show a better proof, for gamblers that he did not break any rules, for operators that the player is guilty of violating the rules and TOS.

With the proof, people will know who is making a mistake, the gambler's or the operator, trying to violate the TOS rules. I think the operator will not want to break the rule because it can ruin the reputation they already built a long time ago. Sometimes, the gambler breaks the rule by coincidentally and will not try to cheat their members because of some money because the casino made thousand dollars for them.

[blockman]

Warren Buffet once said "we could afford to lose some money, we are rich enough for that, but we can't lose a shred of reputation, I rather lose billions a year before I lose a shred of reputation" and I feel like that is as true back then as it is right now.

I've never read that quote from him but if that's what he said. It's true that it's reputation is more than money. On his logic that has been given as an example, he can earn more than what he's going to lose if he got his reputation stable because he can eventually get back that loss.
And that's the same for most reputable casinos, they're probably following the same logic and rule as what Warren Buffett has said because it's more of the reputation and profit will follow it.

Theyre connected to each other which you can presume out and would definitely choose if you were gonna need to select neither money or reputation.To think of that you wont really be getting money if your  reputation

is not known or bad.It would always be giving out that positive effect into someone or company and those lines said by WB then i totally agree with that.Reputation is something that cant really be built

in a short time because once you had able to built reputation then money would come next.

Reputation can be built but you need a long time for it to be established and that's why if it got to be stained, that's hard to be rebuilt and people who trusted that casino will have a hard time getting back the trust of the people. It is an important factor to us gamblers to get into the trustworthy casino that we've known for a long time. And that's why if there is some bashing from unknown people that tries to pull down the reputation of the casino we believe in, it's hard to believe those if we've been trusting them for years and if that person trying to destroy the reputation just came by and new.

[palle11]

A well trusted casino turning out to be a scam in the end is like 1 out of 1,000,000 chances.

It is really a slim chance to happen except when they are closing up and announcement would have been made to customers because they have built friendship and among empire of people and they might reopen in the future. Reputation is like the check you have to withdraw money from the bank, a bounce check is definitely a bad money just like a bad reputation does not yield good proceed.

[molsewid]

Reputation can be built but you need a long time for it to be established and that's why if it got to be stained, that's hard to be rebuilt and people who trusted that casino will have a hard time getting back the trust of the people. It is an important factor to us gamblers to get into the trustworthy casino that we've known for a long time. And that's why if there is some bashing from unknown people that tries to pull down the reputation of the casino we believe in, it's hard to believe those if we've been trusting them for years and if that person trying to destroy the reputation just came by and new.

It is not easy to build a good reputation if it is associated with business especially gambling business. I mean gambling is a legal tender in every country but there are issues that focused on gambling which can ruin a ggod image that the gambling business are trying to break. That is why it takes years to build a reputation but because of the competition of gambling businesses today the possibility to bring down other reputation is likely to happen. But on the other hand once a gambling business already established their reputation it is somehow hard to bring it down by some speculations without proof.

[goinmerry]

but because of the competition of gambling businesses today the possibility to bring down other reputation is likely to happen.

It could be but it needs strong proof of being a bad gambling site before people will believe in any negative claims.

It's not easy to take down other site's reputations without a solid basis.

That's why instead of throwing negative shots at their competitors in an attempt to ruin the reputation of a certain site, new site owners just have to make sure to operate legally and true to their clients so that even slowly they can build their own reputation.

[Zilon]

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.

You have a point mostly by gamblers who must have had repeated losses on a particular site and wishes to drag them to the mud. And those victims can decide to go any length just to make sure the tanish the image of the gambling site

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.

Most users fail to investigate a matter the just jump into conclusion. Misjudging a site without due investigation shouldn't be called for. In most cases this sites happen to be very innocent of some accusations but because due research isn't carried out the reputation of such company might be tanished and it's always difficult to retrieve back and will result in lossing lots of customers

[hahay]

A well trusted casino turning out to be a scam in the end is like 1 out of 1,000,000 chances.

It is really a slim chance to happen except when they are closing up and announcement would have been made to customers because they have built friendship and among empire of people and they might reopen in the future. Reputation is like the check you have to withdraw money from the bank, a bounce check is definitely a bad money just like a bad reputation does not yield good proceed.

If they shut down the service by providing information first, then even if they close it won't destroy their reputation. Unless they close the service without any notification, if that is the case then it will certainly result in a lot of customer money being trapped and then they disappear which is clearly a scammer. Building a reputation is difficult, but destroying it is very easy. So the concern is about keeping that reputation attached to their service, because just one mistake that happened at least was enough to make the reputation drop a bit.

[panjul07]

A well trusted casino turning out to be a scam in the end is like 1 out of 1,000,000 chances.

It is true that the chance of those reputable casinos turn to be scam is so small but we have been warned with some facts in this crypto industry.
For those who have not known, there are few names for this case where reputable casinos turn into scam.
They are Betking and Safedice. Both were reputable sites for years but turned into scam with different cases.
Betking turn to a scam after their ICO and Safedice is still unknown since there is no speicific information why the owner/admin gone.
Yeah, I hope there will be no more cases like those two sites in the future.

[Alisha-k]

Reputation is nothing when we talk about money , even how long they build the reputation and name but there is an involving High amount means the money will be the main objective and the reputation may seems to be not existing .

I don't really get your point here but money is the main reason people have disputes it revolves around money since gamblers only file complain about how their funds were miscalculated, overcharged, unable tonwihdraw and other related issues relating to gambling companies and funds. It's really difficult building trust and reputation but very easy to rub it on the mud

[Betwrong]

This will not save you from scammers in any way. If the management decides to cheat the players, it will do it, but different tricks will be applied than if it were a casino without regulation. For example, a "hack" will be made when all funds of the casino and players are "stolen". This has already happened with many exchanges, this is a common algorithm.

Such things often used to be the case with darknet markets on the dark web, but I don't think it would be easy to get away with it on the clearnet, especially when the site is registered and properly regulated. Imo, trying to exitscam is suicide for the management of a gambling site because it's almost guaranteed that the truth will come out after a proper investigation.

This happens all the time in crypto projects, especially crypto exchanges (I don't know how you evaluate them as a dark market or as a clearnet), the last example is the Livecoin exchange. Where cryptocurrency is used, such a scenario is very likely, since even despite the transparency of the blockchain, it is almost impossible to return the stolen funds.

I have come across Binance paying back to those whose money was hacked. This was genuine. But why should an exchange like Livecoin cheat its investors by hacking. Why dont such exchanges work on things to built its business and retain its investors / customers. Is it that they dont take risk in spending more money to built them up. It would usually take time to stand in the market. Do they fail to stand firm since they scam from the beginning

This is about beliefs. Unfortunately there are still people living in the past in their heads. They haven't noticed that the world has changed a lot since the "dog eat dog" times. You don't have to be at war with everyone around to succeed these days. Rather, you should participate in mutually beneficial cooperation. But if you are retarded, and you want to be at war, you exitscam all your customers or perform a selective scamming.

Thankfully, the army of retards is becoming smaller and smaller with time.