PROS AND CONS OF CRRYPTOGAMBLING.

[Kingsyoung]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .
Yes, I know that many times it seems almost impossible to win though at the same time it’s the easiest way of doubling up your money.
Let’s talk about the pros:
It is decentralized:
 (without having one inside zone of command). No one can take your Bitcoins yonder from you or freeze your 'crypto account' due to the sheer of a inside legal/law-based validity in the system. You own your money and your transactions are safe.
It is secure:
 Your payment information cannot be stolen yonder from you. Bitcoin transactions do not require any personal data to be submitted, protecting you from identity theft. And there can be no chargebacks - once sent, Bitcoins transactions are unchangeable. This ways the transaction cannot be reversed or reverted from the way it was recorded in Bitcoin's public ledger, which makes for fewer risks for people who sells.
It is private:
Since no personal information is tying to your Bitcoin wallet, people do not know who (bought something for money) what. At the same time it is clear/open and honest, meaning that anyone can find information on addresses and their balances in a public ledger.
It is fast: It does not matter where you move (from one place to another) your coins to: be it an international move (from one place to another) or a local pizza (instance of ownership something for money). With Bitcoin any. With CoinsPaid's crypto-processing abilities, crypto casino deposits the move (from one place to another) is tropical to immediate.
Bitcoin has (had) low transaction fees: Since there are no (people or businesses who buy goods to sell to stores, not you) in a decentralized network, no one will tuition you for anything. More so , the way the technology is set up there might be fees for faster processing of transactions or (changing from one form, state, or state of mind to another) of bitcoins into fiat currency. Although, most wallets will requite you the option to (adjust/change to fit new conditions) your legation in favour of a quick crypto move (from one place to another) or a low commission.
It is not subject to inflation:
The number of Bitcoins to overly be issued is limited to about  21 million and Bitcoin volume growth is (expected), so they cannot be out like fiat types of money and poured into the (process of people making, selling, and ownership things) at random.
It is not unchangingly taxed:  The tax regulation for digital valuable things has come a long way as Bitcoin and altcoins have been recognized by some states as property, store of value, or plane currency. If you are planning to gamble in Bitcoin, make sure you know what your local tax law says on your winnings or from betting with crypto. But for most countries Bitcoin remains mostly uncontrolled.
In summary, from a player's point of view, Bitcoin is the perfect 'gaming coin'. Players love Bitcoin considering it offers unnamed upper speed transactions for deposits and withdrawals, which do not go through a decentralized financial system. In, most Bitcoin games are 'Provably Fair'.

Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
 

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[Odusko]

To those for take gambling as a way of making a few bucks, I will say cryptocurrency gambling is the safest and highly private way of gambling, that is since everything is done online and from the comfort of your house you can gamble and no one will know. But the other way around you must be careful not to gamble on a scam casinos because when you have any problem your issues will not be resolved and there will be little to nothing you can do about it that is the only disadvantage I see with the online gambling.

[Newlifebtc]

We all want to do what the world is doing, we all want to follow the trending happing and that is fine.
But both a great I never had issues with betting physically at a betting shop also a I was doing some of the safest things.
It's a good thing to have this as a higher option anyways, as you will accumulate higher bucks from this.
Just done be selfish don't borrow to place bet and if you had too many losses take a break and come back stronger.

[michellee]

Crypto gambling is worth it or not will depend on you because crypto is a tool like money you use to gamble. While gambling can be bad for you if you don't have enough self-control. But gambling is a form of entertainment for people who want to play various games.

If you can treat gambling properly, whether it's crypto or fiat gambling, then you don't have to worry about the consequences and maybe you can also minimize the losses that will occur later.

[YOSHIE]

Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss).

In essence, gambling sites that prioritize crypto, as a deposit and withdrawal method, of course have pros and cons, generally to make it easier for users to make bets with supported technology, rather than fiat.

The pros and cons of course exist in the world of the gambling industry and crypto, gambling with crypto, depending on how people understand it, many gambling addicts oppose crypto gambling policies that are counter to certain reasons and many also support or policies carried out by pro gambling sites.

So whether these two factors are wrong, pros and cons, of course not, it all depends on their understanding of how crypto works and all forms of risk, advantages and disadvantages, as you said the definition of pros and cons.

[Beparanf]

I don’t see any cons of crypto gambling especially if you compared it on the regular gambling site since crypto has already a license to operate and offers the same games to the fiat casino unlike before during early days of crypto which only dice and crash games is only popular on crypto. You probably discussing the cons of gambling in general and not the crypto gambling itself since its almost the same besides the payment system.

[bittraffic]

KYC is actually one of the cons in crypto gambling. Majority of them will already ask in some circumstances.
For the ones who can't control themselves from gambling it could one of the cons a part from the scam casinos. We have seen many times a user complains because he had excludes their account from the platform and yet losing money for they login back and lose more. This isn't just an issue in crypto but also on fiat base casinos.

[Tumanggor]

To those for take gambling as a way of making a few bucks, I will say cryptocurrency gambling is the safest and highly private way of gambling, that is since everything is done online and from the comfort of your house you can gamble and no one will know. But the other way around you must be careful not to gamble on a scam casinos because when you have any problem your issues will not be resolved and there will be little to nothing you can do about it that is the only disadvantage I see with the online gambling.

nothing is more secure, private and trusted than a cryptocurrency gambling site

whatever you do (withdraw or deposit) can be done with safe privacy and without KYC (depending on the rules of the gambling site but you can choose one that does not require KYC)

don't doubt crypto gambling sites because they are much better than fiat gambling sites

[Oshosondy]

No one can take your Bitcoins yonder from you or freeze your 'crypto account' due to the sheer of a inside legal/law-based validity in the system. You own your money and your transactions are safe.

You mean gambling in a way you will stake with bitcoin from your noncustododial wallet? I have heard about this before but I have never seen it, the crypto gambling sites I know are centralized and you will have to deposit into that gambling site address.

Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .

This is not about only crypto gambling sites but also all gambling sites and the reason only the amount you can afford to lose should be used to bet.

Do not be confused, all the gambling sites I have seen that are using cryptocurrencies for deposit are centralized, not decentralized.

[uneng]

Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .

This cons isn't an exclusivity of CRYPTO GAMBLING. That is actually a cons of gambling in general, being it fiat or crypto and physical or virtual.

I think a disadvantage of gambling with cryptocurrency is the volatility of the currencies, what means your bankroll will be fluctuating all the time, and depending the market's conditions (like right now), your funds will be constantly going down in value. Maybe you have just deposit 1000$ in bitcoin or altcoins in a casino, but when you start playing, after few minutes, the total value has already dropped to 900$ due to a crash in crypto prices.

That is in fact the only cons specifical of gambling with cryptocurrency I can think about... Another common cons are also found in fiat gambling as well.

[Viscore]

Crypto gambling is worth it or not will depend on you because crypto is a tool like money you use to gamble. While gambling can be bad for you if you don't have enough self-control. But gambling is a form of entertainment for people who want to play various games.

If you can treat gambling properly, whether it's crypto or fiat gambling, then you don't have to worry about the consequences and maybe you can also minimize the losses that will occur later.

Gambling will always be bad for those who are playing it in a wrong way or perspective. However, if you do set your limits from gambling, be it crypto or not, it will not result into a lot of consequences. Crypto gambling is for those who want to have fun and be entertained, but if you take crypto gambling like a quick rich scheme, you will always result into failure. And may only be the reason for future life's misery if you can't control yourself anymore.

[KennyR]

Pros

• Much faster settlement of bets
• Ease of deposit and withdrawal
• Gives privacy as it is possible to spend without KYC
• Different bonuses and rakeback provided

Cons

• There is not much of Cons with gambling, other than losing
• Some gambling platforms lie on the promotions.
• Provably fair functioning were flawed and some casinos use it a way to scam people.

[ajochems]

Gambling was the good thing to get more money in short period of time.While using the crypto,the advantage is we get output as a crypto currency.The transaction will be faster then the Fiat.If the betting is usdt,the owner of website may keep rotate of the casino money to many sources.So it will double or triple in the rotation sequence.The owner also earn the crypto currency,if the website with crypto currency.

[goaldigger]

Pros

• Much faster settlement of bets
• Ease of deposit and withdrawal
• Gives privacy as it is possible to spend without KYC
• Different bonuses and rakeback provided

Cons

• There is not much of Cons with gambling, other than losing
• Some gambling platforms lie on the promotions.
• Provably fair functioning were flawed and some casinos use it a way to scam people.

This could be a good summary of what OP’s trying to say, there can still be pros even if its gambling but seriously, you can find a lot of cons when you gamble, especially if you choose the wrong site so if you’re into crypto gambling better to start using the best platform so you can enjoy their promotions and you can trust them because they are really paying. The risk is high when you gamble, that could be the cons you should also consider no matter what currency you are using.

[roslinpl]

 To all the casino was real and legit.Only few are legit and help the brained person to earn using their casino.Some of the casino was scamming people for the poor money.We have to find the good casino to escape from their scam.They even uses the celebrity for the promotion.If you was involved in the scam casino by the promotion.Whatever you had bet,you will loss all money.

[crzy]

Pros: You can earn Money
Cons: It’s not guaranteed

This is just my simple explanation every time someone asked me about pros and cons, gambling is still the same even if you use cryptocurrency or just a simple fiat currency you are still playing with the same system of gambling, which focus more on luck. Though Cryptogambling gives a whole lot new experience, but they are still practicing the same concept, so you just need to choose on which side you are taking in.

[livingfree]

Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .

It's actually not.

But respect to those gamblers that are making their days well and having a paycheck through their own skills by gambling alone. It's not something new.

However, they're known to be great gamblers if they're making use of gambling as their main source of income. It's not always about win but when they do, they're making sure to set aside for themselves.

[Marvelman]

Pros: You can earn Money
Cons: It’s not guaranteed

Pros: You may be able to earn money
Cons: You will most likely lose money

When I first learned that there was a crypto casino I was a little hesitant. For me, crypto is something that is highly valued, and something that many can't get. Because of this, I was a little skeptical about whether or not I would enjoy the experience of gambling with it. I was afraid that because of this value attached, I would not enjoy my gambling experience.
I guess it's just the difference between putting your money into something that has no value to you and buying something that has real value.

[gantez]

The gamblers that play through cryptocurrency are liking that because it hides there identify from a third party even the owners of the casinos can't know their players and this is a pros to players but cons comes in loses. Losing is part of the gambling game and luck is what adds to the pros.

[Scripture]

Pros: You can earn Money
Cons: It’s not guaranteed

Pros: You may be able to earn money
Cons: You will most likely lose money

These two are just the same, well its good to reiterate to every newbies out there that gambling is not a good source of income and seriously I don't see any pros from this especially if you are just going to spend your hard earn money there. There's a lot of gamblers that their main concern is their identity and that's why some choose to gamble online and go to the best site that accepts cryptocurrency because here you can have that privacy but expect them to still ask for it especially if you are playing with the huge money.

[robelneo]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .
Yes, I know that many times it seems almost impossible to win though at the same time it’s the easiest way of doubling up your money.

it's never worth it if you are going for a profit but as a good source of entertainment anything more than that is risky and not worth pursuing, there is a chance for profit but you can't be lucky and it will not be profitable in a long haul

Of course, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .

I prefer dwelling on the disadvantages of playing, it will keep me grounded and will always remind me of the harm and the risk, preferring the advantages will get you to spend and allocate more money and time, you must have perspective on something that has a risk.

[harizen]

Since OP talked about being decentralized, let's accept the fact and possibilities that somewhere in the future, we might be dealing in FULL KYC terms at any crypto-gambling sites whether we like it or not. Legit crypto-gambling sites have to deal with the legality of their business and one requirement of it is to conduct a KYC for their users.

Fortunately, we are not in that status yet. We can freely use crypto-gambling sites as much as we can as long as we follow their respective Terms and Regulations. However, even though there's not a mandatory KYC yet at most sites, we can see on their terms that they might ask for KYC for some reasons.

[Jawhead999]

LOL

You're actually describing the pros of Bitcoin and the cons of gambling! Where's the fun, killing boredom, and earn good sum money (though only for few people)? That's all I mentioned before is the pros of gambling. Moreover not all crypto is decentralized and secure like Bitcoin, please before creating a thread make sure you're understand with your subject first.

[lienfaye]

Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .

In general gambling is never been a way to be a resources of stable income, regardless if you're playing in physical casino or online. Losing your money is the major cons if you gamble.

LOL

You're actually describing the pros of Bitcoin and the cons of gambling! Where's the fun, killing boredom, and earn good sum money (though only for few people)? That's all I mentioned before is the pros of gambling. Moreover not all crypto is decentralized and secure like Bitcoin, please before creating a thread make sure you're understand with your subject first.

Indeed. It seems he's pertaining to Bitcoin based on the pros he stated.

The crypto gambling pros:
Gamblers can double their money.
Convenient to play.
Kyc is not needed (if you're not a big time gambler).

These are some of the pros if you gamble online using crypto.

[alegotardo]

Yeah!
The main advantage of betting using cryptocurrencies is the freedom to play wherever I want.
in my country, gambling is prohibited, so before cryptocurrencies it was practically impossible to make this kind of bets paying with fiat.
Bitcoin has opened a door to a wider variety of games that were never before possible.
Added to the privacy, security of the payment network and speed of processing, it became something wonderful for me.

[og kush420]

Yeah!
The main advantage of betting using cryptocurrencies is the freedom to play wherever I want.
in my country, gambling is prohibited, so before cryptocurrencies it was practically impossible to make this kind of bets paying with fiat.
Bitcoin has opened a door to a wider variety of games that were never before possible.
Added to the privacy, security of the payment network and speed of processing, it became something wonderful for me.

Likewise - we don't have any casinos in our county and we don't gamble, the one who does is in the bad guy list. lol
But that's correct Bitcoin has "opened" new doors and there are some exciting ways to earn money. Although at the back of mind the battle of right and wrong keeps going.

[michellee]

Gambling will always be bad for those who are playing it in a wrong way or perspective. However, if you do set your limits from gambling, be it crypto or not, it will not result into a lot of consequences. Crypto gambling is for those who want to have fun and be entertained, but if you take crypto gambling like a quick rich scheme, you will always result into failure. And may only be the reason for future life's misery if you can't control yourself anymore.

Yes, that's true. But actually, we can anticipate it so that we don't get the bad effects of gambling and setting limits on gambling is one effective way. But not many people can do it because of the great temptation of gambling itself which makes them forget the limits they have set. Gambling is not a way to get rich but rather a way to use our free time. If we can use that free time to do other things, then it will be better than playing gambling because of the bad effects that we can get. So it will depend on the person himself how he can use his free time.

[Uang_kartal]

if you compare the casino with the currency (bitcoin) it is very different in terms of its container and functionality. currency cannot be equated with a place (developer, store, multiplier or any vehicle) I see that bitcoin is the market price and trading volume. equally volatile, at least the market price can be analyzed technically. As for gambling and casinos it's a factor of luck and fun. I agree with the claim that bitcoin has no limits and is flexible, but an asset that depends on us as owners and managers.

[ralle14]

KYC is actually one of the cons in crypto gambling. Majority of them will already ask in some circumstances.

It could go both ways but it still depends on some other factors like the gambler and the casino since there are cases where the casino would only trigger KYC when you starting to win too much or break one of their T&C.

Other casinos would allow you to increase limits through KYC and give incentives for doing so. Also, there are gamblers that are willing to do KYC it could become one of the many pros from their view. 

[Wexnident]

Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .

That was kinda dumb, gambling, in general, is literally this, not just crypto-gambling to be specific. Heck, this isn't even a discussion of crypto gambling vs gambling imo, this is simply you stating the advantage of NOT crypto gambling, but rather crypto itself. Well not that it's wrong, crypto gambling just takes the attributes of crypto and sets it in their system, so it technically is the same, just that it still feels odd how you compared crypto vs gambling itself, and not really brick and mortar casinos or something of the sort.

There's also the idea that well, even if crypto (Bitcoin) itself is private, casinos still hold the right to ask for KYC (most of them have this in their TOS), and most often than not, those cases are mostly when you are about to withdraw, so it doesn't really change much in that scenario.

[Oshosondy]

As for gambling and casinos it's a factor of luck and fun. I agree with the claim that bitcoin has no limits and is flexible, but an asset that depends on us as owners and managers.

Yes, gambling is luck but it depends also on how gamblers are betting and how addicted they are, not because some gamblers are doing well as they gamble not often and they earn but taking into consideration that money that should be used should be the amount they can able to afford.

While gambling, the bitcoin the gambler is using is on a centralized gambling site which can request for KYC at anytime.

It could go both ways but it still depends on some other factors like the gambler and the casino since there are cases where the casino would only trigger KYC when you starting to win too much or break one of their T&C.

Other casinos would allow you to increase limits through KYC and give incentives for doing so. Also, there are gamblers that are willing to do KYC it could become one of the many pros from their view. 

Casinos are centralized, they can request for KYC at anytime, it can even be immediately you deposit your coin, you said that already that if the person break the terms and conditions of the gambling site, then the coin is seized. Also if someone has won so big and the gambling site make sure the gambler do KYC, that still arrive at the same point that gambling sites are centralized, even without requiring KYC, they have contolrol over all users account with them.

[Poker Player]

Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .

That was kinda dumb, gambling, in general, is literally this, not just crypto-gambling to be specific. Heck, this isn't even a discussion of crypto gambling vs gambling imo, this is simply you stating the advantage of NOT crypto gambling, but rather crypto itself. Well not that it's wrong, crypto gambling just takes the attributes of crypto and sets it in their system, so it technically is the same, just that it still feels odd how you compared crypto vs gambling itself, and not really brick and mortar casinos or something of the sort.

I completely agree, the only thing I would add is that if the gambling is with crypto it adds volatility. It is not a good way to have stable income but for a one time thing, if your hit the jackpot and crypto has gone up you have double profit. I think this is an added attraction that crypto gambling has over betting with fiat.

Regarding KYC, as I have commented in another thread, I think we are in an unstoppable trend towards massive regulation and KYC in virtually all casinos. There is too much money moving in crypto gambling and the states are not going to let it go.

[wxa7115]

Crypto gambling is worth it or not will depend on you because crypto is a tool like money you use to gamble. While gambling can be bad for you if you don't have enough self-control. But gambling is a form of entertainment for people who want to play various games.

If you can treat gambling properly, whether it's crypto or fiat gambling, then you don't have to worry about the consequences and maybe you can also minimize the losses that will occur later.

This, as long as we treat gambling for what it is, which is yet another form of entertainment, then even if we loss a small amount of money then it is worth it because we are keeping our gambling under control.

Only those that think of gambling as a source of income in desperate times or those that have developed an addiction to gambling are the ones that do not really understand what gambling is really about, and as such they should stop immediately as their losses will become massive given enough time.

[KTChampions]

I think that all the pros and cons are identical with the case when we consider fiat versus cryptocurrencies. The only difference (although I may be missing something) is that there is Provable Fair in crypto gambling - this feature is unique to blockchain gambling and cannot be fully copied/replicated in fiat gambling.

[Slow death]

well one of the biggest disadvantage of crypto casinos is the fact that some crypto casinos, because they are anonymous, keep stealing money from customers and are not taken to court and arrested. the anonymity and TOS of some casinos created a system in which certain casinos keep stealing their customers' money and continue to operate as if nothing had happened, this sad scenario is something that can be observed every day, even here on the forum can be observed this sad scenario. another negative thing is the fact that cryptos are highly volatile, if a person has $100 in altcoin X in the casino, he wins and gets $110 and then altcoin X drops a lot and the person gets $80 in the casino, the person will lose $30 because the altcoin dropped a lot, we can see this scenario happening at the moment I write

[Lanatsa]

I think that all the pros and cons are identical with the case when we consider fiat versus cryptocurrencies. The only difference (although I may be missing something) is that there is Provable Fair in crypto gambling - this feature is unique to blockchain gambling and cannot be fully copied/replicated in fiat gambling.

One of the main things i do really able to see if we do really make out some comparison in between the two on which in crypto which you could really make yourself that somehow assured nor really get that confident

that you are dealing with a fair site or platform which is something that you could really get the feeling specially when you are dealing with fiat platform or casinos which is indeed right or precise on what you had
mentioned.

One of the pros or the reason on why this market or industry did really grow up fast is about on its payment system where you could play anonymously without any verifying yourself or something
which majority of people do really prefer.

[Fortify]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .
Yes, I know that many times it seems almost impossible to win though at the same time it’s the easiest way of doubling up your money.
Let’s talk about the pros:

I think the myth that crypto gambling is anonymous has been burst a while ago, as you'll find most large cryptocurrency casinos and sportbooks now seek to identify their customers via KYC. Part of this is for legal obligations (they use lots of third party services that can be pressurized) and part of it helps them prevent things like multi-account manipulation. What you'll often find is they allow deposits and will allow you to play for a while, but when you come to cash out, they can spring it on you - if they're good, you'll be lucky to get your deposit back, if they're bad they'll force you to hand over identity documents. I think a big "con" that is missed is how vulnerable these sites can be, either to malicious owners who might disappear, to hackers who can run away with the money or demand ransoms. You'll often find that the licensing is pretty hollow and offers zero help too.

[AmoreJaz]

I think that all the pros and cons are identical with the case when we consider fiat versus cryptocurrencies. The only difference (although I may be missing something) is that there is Provable Fair in crypto gambling - this feature is unique to blockchain gambling and cannot be fully copied/replicated in fiat gambling.

One of the main things i do really able to see if we do really make out some comparison in between the two on which in crypto which you could really make yourself that somehow assured nor really get that confident

that you are dealing with a fair site or platform which is something that you could really get the feeling specially when you are dealing with fiat platform or casinos which is indeed right or precise on what you had
mentioned.

One of the pros or the reason on why this market or industry did really grow up fast is about on its payment system where you could play anonymously without any verifying yourself or something
which majority of people do really prefer.

gamblers want to be anonymous as much as possible. hence, crypto gambling is very favourable for them. though some casinos will require kyc but if you are just a small roller, you will find out that there are many crypto casinos that don't require kyc. one good thing that i can see here also is that you can bet small wherever you are. very accessible and you don't need to worry who's looking over your shoulder. since gamblers have a lot of choices now when it comes to alts, they can pretty well choose which coin they want to use according to their needs.

[Boristhecat]

-skip-
Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
 

This phrase sounds strange to me. Firstly, does this only apply to crypto gambling? Secondly, no gambling can be a source of stable income, unless of course you are from the side of the casino, although I have heard that sometimes even casinos get into temporary drawdowns due to the fact that someone hits the jackpot.

[Doell]

Pros and Cons of crypto gambling, fun easy to understand. Also crypto prices include pros and you can hold it or play it if the price is down. It is more profitable for me personally regarding the price, indeed if it is immediately sold it is a loss, but who wants to lose.

-skip-
Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
 

This phrase sounds strange to me. Firstly, does this only apply to crypto gambling? Secondly, no gambling can be a source of stable income, unless of course you are from the side of the casino, although I have heard that sometimes even casinos get into temporary drawdowns due to the fact that someone hits the jackpot.

I am also confused about the statement, gambling is not a job that is always lucky regardless of the title and whatever the currencies.

[Naficopa]

Pros and Cons of crypto gambling, fun easy to understand. Also crypto prices include pros and you can hold it or play it if the price is down. It is more profitable for me personally regarding the price, indeed if it is immediately sold it is a loss, but who wants to lose.

-skip-
Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
 

This phrase sounds strange to me. Firstly, does this only apply to crypto gambling? Secondly, no gambling can be a source of stable income, unless of course you are from the side of the casino, although I have heard that sometimes even casinos get into temporary drawdowns due to the fact that someone hits the jackpot.

I am also confused about the statement, gambling is not a job that is always lucky regardless of the title and whatever the currencies.

pros: even the countries where gambling is ban - people can earn some money.
But there are other variable attached to it which make the deal worth spending money. On the other hand sometime the person is slapped hard when the luck in not on his side. So be very very careful.

[stomachgrowls]

pros: even the countries where gambling is ban - people can earn some money.
But there are other variable attached to it which make the deal worth spending money. On the other hand sometime the person is slapped hard when the luck in not on his side. So be very very careful.

In speaking with Luck then odds or chances would really be just the same, its a wrong belief or mindset that playing on crypto space could really give out chance for you to win more which is wrong.

Everything is really just the same, they do only differ in terms of money/assets used for you to play and on how you do make out payments and of course in terms of accessibility then this is where

people could really play even if gambling is really banned into their place but of course you should be still careful because once you do get caught then you do know on whats next.

[crzy]

-skip-
Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
 

This phrase sounds strange to me. Firstly, does this only apply to crypto gambling? Secondly, no gambling can be a source of stable income, unless of course you are from the side of the casino, although I have heard that sometimes even casinos get into temporary drawdowns due to the fact that someone hits the jackpot.

Hitting the jackpot should not affect the site itself and you should be alarmed if the site becomes inaccessible because that only means they are not that prepared to pay huge rewards. Pros and cons is there, just understand and know what to use on your next visit when you gamble, still enjoy every game and you can have a good gambling experience even if you lose money since its normal.

[Sirait]

pros: even the countries where gambling is ban - people can earn some money.
But there are other variable attached to it which make the deal worth spending money. On the other hand sometime the person is slapped hard when the luck in not on his side. So be very very careful.

In speaking with Luck then odds or chances would really be just the same, its a wrong belief or mindset that playing on crypto space could really give out chance for you to win more which is wrong.

Everything is really just the same, they do only differ in terms of money/assets used for you to play and on how you do make out payments and of course in terms of accessibility then this is where

people could really play even if gambling is really banned into their place but of course you should be still careful because once you do get caught then you do know on whats next.

the odds of winning/losing anywhere (online crypto gambling sites, traditional casinos or online fiat gambling sites) are the same, but from what I have experienced playing gambling on online crypto gambling sites is much easier and more profitable. Moreover, many crypto gambling sites still have faucet features and promotions, which really helps. while fiat gambling sites or offline casinos very rarely make features such as faucets or promotions/events.

[BitcoinPanther]

In speaking with Luck then odds or chances would really be just the same, its a wrong belief or mindset that playing on crypto space could really give out chance for you to win more which is wrong.

Unless the house edged is set to lower than the ordinary Online Casino, aside from that I agree that luck is still the same whether you play in crypto space or not.

Secondly, no gambling can be a source of stable income,

If you are the owner or host, then it can be a source of stable income.  It might be difficult for a player but many professional gamblers made a living out of gambling.

[gagux123]

Well... I confess that there is not much to be commented here, because I believe it has already been discussed

But i found some pros... is privacy and speed/practicality for gambling
And some negative points... (KYC - Know your customer) because sometimes it can be mandatory

[ralle14]

It might be difficult for a player but many professional gamblers made a living out of gambling.

It's still possible if you know how to arbitrage bet consistently and at the same time get away with the bookies but it's not worth going for as a regular gambler since it requires a huge bankroll in order to make your profits count.

Moreover, many crypto gambling sites still have faucet features and promotions, which really helps. while fiat gambling sites or offline casinos very rarely make features such as faucets or promotions/events.

I thought most of the faucets were already removed by crypto casinos but I agree with the promotions even though a lot of gamblers are competing with contests and lotteries there are still a few good ones that appear once in a while that'll net you a decent profit.

[Oshosondy]

This phrase sounds strange to me. Firstly, does this only apply to crypto gambling? Secondly, no gambling can be a source of stable income, unless of course you are from the side of the casino, although I have heard that sometimes even casinos get into temporary drawdowns due to the fact that someone hits the jackpot.

Gambling should just be taken for fun and should not go beyond that, gamling should not be a business means of making money for gamblers like you said or they will lose and will be the worst time of their lives as they will be addicted. About gambling sites, anyone that hit the jackpot is a bonus for them in the long term because some people will only be encouraged to continue to accumulate bet, thinking that one day will be for them but that one day that may not ever come, gambling companies are always growing and making more money because it is definite that people will gamble and lose.

[Reatim]

.

Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
 

That's a very long read mate , you should put at least paragraphing in that top part lol.

There are some good in Online gambling , we can see that in some thread in gambling section in which players constantly posting their wins almost each day, But of course they are not posting how much they spend before the winning .

[goldkingcoiner]

Adding Bitcoin or any crypto is definitely only going to bring benefits to whatever you are bringing crypto to. As long as that system was dependent somehow on a monetary system for any reason. Gambling is only one of the many branches of industry which benefit from using blockchain technology. Although we have not yet come to the point where gambling is 100% transparent, decentralised, unregulated and fair. Smart contracts might not be complicated enough yet.

But I see web 3.0 as the next generation of gambling. And crypto will definitely be the key player in making that happen.

[batang_bitcoin]

Secondly, no gambling can be a source of stable income,

If you are the owner or host, then it can be a source of stable income.  It might be difficult for a player but many professional gamblers made a living out of gambling.

As an owner, before you make it a stable source of income, you need to make it a popular casino so that it can operate without having any problem to think of about how many users are in your casino.
I agree that it could be a great source of income if you're the owner but making it as popular as the others, it will take time for you and requires a lot of hard work in doing so.

[michellee]

Adding Bitcoin or any crypto is definitely only going to bring benefits to whatever you are bringing crypto to. As long as that system was dependent somehow on a monetary system for any reason. Gambling is only one of the many branches of industry which benefit from using blockchain technology. Although we have not yet come to the point where gambling is 100% transparent, decentralised, unregulated and fair. Smart contracts might not be complicated enough yet.

But I see web 3.0 as the next generation of gambling. And crypto will definitely be the key player in making that happen.

Web 3.0 can be a solution for decentralized gambling but it may still need more development and besides, casinos also need to upgrade to be able to use web 3.0. If that's the case, we might see something different next year and that could make the gambling business even better.

And it will provide convenience for gamblers because if they can gamble without KYC, it will provide security for them. After all, they don't have to give their data to third parties. But I don't know what the government will do regarding this because the government itself is likely to implement policies that are in line with technological developments.

[Mauser]

You seem to mostly focus on the pros of crypto gambling rather than the cons. Nothing wrong with that, I am a fan of gambling for many years and went straight after my 18th birthday to a casino for the first time. I wouldn't really make a difference between crypto of fiat gambling. The casinos are the same, the games are the same, only the form of deposit and withdrawal is different. You can even deposit fiat money and withdraw your winnings in crypto coins. In the end it just comes down to what is easier for you to use and what you think is more valuable longterm. Lossing is part of the game can't be the biggest con argument for crypto gambling, because if everybody would just be winning than the casinos would go bankrupt in 2 weeks. The biggest con is that some people become addicted and are not able to stop by themselves. We need more help for people suffering from addictions.

[Wind_FURY]

Adding Bitcoin or any crypto is definitely only going to bring benefits to whatever you are bringing crypto to. As long as that system was dependent somehow on a monetary system for any reason. Gambling is only one of the many branches of industry which benefit from using blockchain technology. Although we have not yet come to the point where gambling is 100% transparent, decentralised, unregulated and fair. Smart contracts might not be complicated enough yet.

But I see web 3.0 as the next generation of gambling. And crypto will definitely be the key player in making that happen.

Web 3.0 can be a solution for decentralized gambling but it may still need more development and besides, casinos also need to upgrade to be able to use web 3.0. If that's the case, we might see something different next year and that could make the gambling business even better.

"Decentralized", does that mean gambling through Web 3.0 will be censorship-resistant? That no governing/regulating entity can shut the site down, or ban users from using the site?

And it will provide convenience for gamblers because if they can gamble without KYC, it will provide security for them. After all, they don't have to give their data to third parties. But I don't know what the government will do regarding this because the government itself is likely to implement policies that are in line with technological developments.

It's a trade-off, and another set of challenges for the casino. Multi-accounting to take advantage of sign up bonuses could be one kind of swindle that a group of users can do to a casino without KYC.

[ChiBitCTy]

Gambling, whether crypto gambling or “traditional” gambling is all the same at the end of the day. One shouldn’t be doing anything other than using money in gambling that is extra “throw away” money, unless you have an elite talent which very very few have. If you’re an insanely smart person who understands the math around it maybe that’s a different story but even then people struggle mightily at times.

[Uang_kartal]

that's right, we are now in the middle of web 3.0. quite capable of data transfer, visuals and control generators. gambling, art and whatever in it supports standard device memory capacity. just like other friends, some gambling sites there are those who ask for standardization for KYC, there are also those who are so free to access as long as they use crypto assets for a bet. Of course the company that facilitates it has a reason why they provide this convenience. Everything has to be thought through carefully and at the age of 18+, at least people think logically. and the risk he will accept

[Reid]

I wish you enumerate it or made good space for an easy reading material.
Anyway, pros are it is easy to bet in cryptocurrencies without thinking about the country restrictions because most of them do support gambling from other countries. Unlike let's say the gambling platforms in USA which are mostly for their own country only.

Cons: I don't see much cons yet about the platform only but it's easy accessibility is what offers the "con". Kids may bump on them and start being a gambler at their young age when left without supervision.

[famososMuertos]

Casinos centralized; Harsh reality for the crypto gamers environment, but at least there is a choice to decide Vs. Fiat.

OP: I think your opinion is very general and not so focused on casinos, but that's fine.

In my case, one of the great advantages of crypto casinos is that they offer the possibility of up to 8 decimal (bet).
That is fantastic, there is no fight there, this is unbeatable, defeats and humiliates the decimal bet.

For some this may be ridiculous but when you want to live long at gambling,  then you maintain a healthy bankroll a bet of $0.001 is a great mantra compared to the Fiat Casinos minimum bet of $0.01. And not to mention that some casinos give you the right to wager 10 satoshi. So, that bet size for Fiat casinos is the true player protection or the true "BeGambleAware".

Cons: the minimum bet tends to disappear, the 10 satoshi bet remains but not all crypto casinos offer it, being a right of every crypto player, it may not be profitable, but at least every decentralized casino should have it.

[safari88]

I believe that every possible pros and cons of crypto gambling, and gambling as a whole, have already been listed and discussed. But, I just wanna say that, gambling could really affect every aspect of our lives in any way possible, if we let it happen. For instance, it may be a good that it can provide money, but on the other side it may cause addiction. This pros and cons are just consequences of how people let it happen or how they handle gambling is all I am saying.

[fiulpro]

I do think we can explore the crypto gambling more in the time of the pandemic since at the end of the day the gambling is an essential entertainment for the some people, its also deeply integrated in certain cultures as well and therefore I do think that crypto gambling, which is mainly online is extremely helpful to control the pandemic as well, you can stay at home and enjoy a game like setting where people don't have to worry about catching covid or the new monkey pox in the UK or the new liver damaging virus in the US.
At the same time you have more options, you can have anonymity and you don't have to worry about going somewhere as well since it's all online, legal, protected by law as well in most countries. I think there are so many things that we can add to it but then again it's way more addictive since it looks like that you are playing games at times.

[KTChampions]

I think that all the pros and cons are identical with the case when we consider fiat versus cryptocurrencies. The only difference (although I may be missing something) is that there is Provable Fair in crypto gambling - this feature is unique to blockchain gambling and cannot be fully copied/replicated in fiat gambling.

One of the main things i do really able to see if we do really make out some comparison in between the two on which in crypto which you could really make yourself that somehow assured nor really get that confident

that you are dealing with a fair site or platform which is something that you could really get the feeling specially when you are dealing with fiat platform or casinos which is indeed right or precise on what you had
mentioned.

One of the pros or the reason on why this market or industry did really grow up fast is about on its payment system where you could play anonymously without any verifying yourself or something
which majority of people do really prefer.

You can also play anonymously in a regular offline casino - as far as I know, no one there asks to pass the KYC. If you wish, this is also possible in fiat online casinos, with small amounts, authorization is not strict and you can go through it with fictitious documents (however, I haven’t been to fiat casinos for a long time, so I can’t be sure that nothing has changed there).

[dothebeats]

I think that all the pros and cons are identical with the case when we consider fiat versus cryptocurrencies. The only difference (although I may be missing something) is that there is Provable Fair in crypto gambling - this feature is unique to blockchain gambling and cannot be fully copied/replicated in fiat gambling.

One of the main things i do really able to see if we do really make out some comparison in between the two on which in crypto which you could really make yourself that somehow assured nor really get that confident

that you are dealing with a fair site or platform which is something that you could really get the feeling specially when you are dealing with fiat platform or casinos which is indeed right or precise on what you had
mentioned.

One of the pros or the reason on why this market or industry did really grow up fast is about on its payment system where you could play anonymously without any verifying yourself or something
which majority of people do really prefer.

You can also play anonymously in a regular offline casino - as far as I know, no one there asks to pass the KYC. If you wish, this is also possible in fiat online casinos, with small amounts, authorization is not strict and you can go through it with fictitious documents (however, I haven’t been to fiat casinos for a long time, so I can’t be sure that nothing has changed there).

Not unless you win multiple times and create an unwanted attention to yourself. Also, they probably knew you already right after entering their premises, hence why they don't even ask for KYC or even do a thorough background and security check on you because they know the basics about you. A friend told me about this as he's working as a part of a security detail on a local casino, and apart from the regular obvious security guys they had on site, they also have the regular looking guys mingling with lots of players in order to gather even just the slightest information about them. This happens on a high-end casino though, not sure about the others.

[madnessteat]

I think that all the pros and cons are identical with the case when we consider fiat versus cryptocurrencies. The only difference (although I may be missing something) is that there is Provable Fair in crypto gambling - this feature is unique to blockchain gambling and cannot be fully copied/replicated in fiat gambling.

One of the main things i do really able to see if we do really make out some comparison in between the two on which in crypto which you could really make yourself that somehow assured nor really get that confident

that you are dealing with a fair site or platform which is something that you could really get the feeling specially when you are dealing with fiat platform or casinos which is indeed right or precise on what you had
mentioned.

One of the pros or the reason on why this market or industry did really grow up fast is about on its payment system where you could play anonymously without any verifying yourself or something
which majority of people do really prefer.

You can also play anonymously in a regular offline casino - as far as I know, no one there asks to pass the KYC. If you wish, this is also possible in fiat online casinos, with small amounts, authorization is not strict and you can go through it with fictitious documents (however, I haven’t been to fiat casinos for a long time, so I can’t be sure that nothing has changed there).

Of course in fiat casinos no one will ask you to show your documents if your appearance indicates that you are of legal age to gamble, but nowadays the identity can be determined even by video cameras that can read your biometrics. I do not know how things are in other countries, but I read that in our country they collect biometric data of citizens even without our permission.

[Uang_kartal]

I think that all the pros and cons are identical with the case when we consider fiat versus cryptocurrencies. The only difference (although I may be missing something) is that there is Provable Fair in crypto gambling - this feature is unique to blockchain gambling and cannot be fully copied/replicated in fiat gambling.

One of the main things i do really able to see if we do really make out some comparison in between the two on which in crypto which you could really make yourself that somehow assured nor really get that confident

that you are dealing with a fair site or platform which is something that you could really get the feeling specially when you are dealing with fiat platform or casinos which is indeed right or precise on what you had
mentioned.

One of the pros or the reason on why this market or industry did really grow up fast is about on its payment system where you could play anonymously without any verifying yourself or something
which majority of people do really prefer.

You can also play anonymously in a regular offline casino - as far as I know, no one there asks to pass the KYC. If you wish, this is also possible in fiat online casinos, with small amounts, authorization is not strict and you can go through it with fictitious documents (however, I haven’t been to fiat casinos for a long time, so I can’t be sure that nothing has changed there).

Of course in fiat casinos no one will ask you to show your documents if your appearance indicates that you are of legal age to gamble, but nowadays the identity can be determined even by video cameras that can read your biometrics. I do not know how things are in other countries, but I read that in our country they collect biometric data of citizens even without our permission.

in your country, maybe offline casinos are legal and can be found at some points in the city center bro? that's interesting, and just like playgrounds and other public facilities, friends, show me your ticket to enter and have the right to have fun. in my country maybe not or the place is hidden. But the progress of the times wrapped in web browsing or a unique domain brings someone to the internet which may be served especially for casinos and other gambling.
it makes it easy for players to access and easy to play. As great as supervision is, there is still a gap to come or play

[Fundamentals Of]

Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .

First, the cons are too short. Second, this is not actually a con of crypto gambling. This is a disadvantage of gambling in general. Not only is gambling never a stable source of profit, it is actually never a source of profit in general. Rather, it is a waste of money. There are more losses in gambling than wins. There are more lost money in gambling rather than profit.

The con of crypto gambling for me is that crypto is volatile. You are gambling $100 today, but tomorrow it could mean that you lost $300.

[michellee]

"Decentralized", does that mean gambling through Web 3.0 will be censorship-resistant? That no governing/regulating entity can shut the site down, or ban users from using the site?

It will likely be censorship-resistant because the government can't do much to the casino. In addition, the casino owner will make his casino outside the jurisdiction of the country that prohibits gambling. I don't know about the regulators of a country that can close a site but if it's outside the jurisdiction of that country, they can't do anything.

It's a trade-off, and another set of challenges for the casino. Multi-accounting to take advantage of sign up bonuses could be one kind of swindle that a group of users can do to a casino without KYC.

Casinos will not stand idly by with multi-accounting that will be tried by a group of people because the casinos must have learned to deal with the problem. Every casino must have a problem with those multiple accounts but they sure know how to solve it.

[uneng]

I think that all the pros and cons are identical with the case when we consider fiat versus cryptocurrencies. The only difference (although I may be missing something) is that there is Provable Fair in crypto gambling - this feature is unique to blockchain gambling and cannot be fully copied/replicated in fiat gambling.

One of the main things i do really able to see if we do really make out some comparison in between the two on which in crypto which you could really make yourself that somehow assured nor really get that confident

that you are dealing with a fair site or platform which is something that you could really get the feeling specially when you are dealing with fiat platform or casinos which is indeed right or precise on what you had
mentioned.

One of the pros or the reason on why this market or industry did really grow up fast is about on its payment system where you could play anonymously without any verifying yourself or something
which majority of people do really prefer.

You can also play anonymously in a regular offline casino - as far as I know, no one there asks to pass the KYC. If you wish, this is also possible in fiat online casinos, with small amounts, authorization is not strict and you can go through it with fictitious documents (however, I haven’t been to fiat casinos for a long time, so I can’t be sure that nothing has changed there).

Not unless you win multiple times and create an unwanted attention to yourself. Also, they probably knew you already right after entering their premises, hence why they don't even ask for KYC or even do a thorough background and security check on you because they know the basics about you. A friend told me about this as he's working as a part of a security detail on a local casino, and apart from the regular obvious security guys they had on site, they also have the regular looking guys mingling with lots of players in order to gather even just the slightest information about them. This happens on a high-end casino though, not sure about the others.

That is a big disadvantage of fiat casinos. When players have a big win, they must be careful and make sure they aren't being followed on their way back home. We never know who are watching us on the casino: maybe a thief hidden among the gamblers or in some cases even some members of the house who might attempt to get the prize back to the managers. That is not impossible to happen when playing at dishonest casinos, especially when gambling is forbidden in the country and people have to play at a clandestine one.

With online gambling nobody has to worry about this situation as they are already at home or playing privately without anyone watching their game and winnings. Thankfully it's much safer on this aspect.

[magneto]

It's not much different from traditional gambling.

You get some pros like better odds (usually lower house edge because of the fact that there is so much competition), better VIP service, greater limits on your bets, and generally a more pleasant and convenient betting experience.

But the trustworthiness of the sites you play on is a huge factor. You don't have to worry as much physically when you win lots whether they will pay you out.

[Despairo]

With online gambling nobody has to worry about this situation as they are already at home or playing privately without anyone watching their game and winnings. Thankfully it's much safer on this aspect.

Actually online gambling it's not really that safe like you think, perhaps you played with small amount and the casino is still trustworthy until now, but you don't know what happen in the future. It's really hard to believe a reputable and trustworthy casino right now will turn become scam casino, but there's a chance behind it. If you ever send KYC to the casino, your KYC could be sold and your personal information can be used by a scammer.

[goldkingcoiner]

"Decentralized", does that mean gambling through Web 3.0 will be censorship-resistant? That no governing/regulating entity can shut the site down, or ban users from using the site?

It will likely be censorship-resistant because the government can't do much to the casino. In addition, the casino owner will make his casino outside the jurisdiction of the country that prohibits gambling. I don't know about the regulators of a country that can close a site but if it's outside the jurisdiction of that country, they can't do anything.

It's a trade-off, and another set of challenges for the casino. Multi-accounting to take advantage of sign up bonuses could be one kind of swindle that a group of users can do to a casino without KYC.

Casinos will not stand idly by with multi-accounting that will be tried by a group of people because the casinos must have learned to deal with the problem. Every casino must have a problem with those multiple accounts but they sure know how to solve it.

I think the problem of multiple accounts cannot really be solved that easily. What comes into my mind first and foremost is just getting someone elses or a fake ID and using that to create a account. You can also use some undetectable VPN to make it look like each account is coming from a different place.

Although that being said, a lot of VPN providers are being detected by online gambling casinos, so I guess its up to you whether or not you would want to risk it on such a scheme. I really do not see the benefits of gambling on multiple accounts. The cons outweigh the pros.

[madnessteat]

With online gambling nobody has to worry about this situation as they are already at home or playing privately without anyone watching their game and winnings. Thankfully it's much safer on this aspect.

Actually online gambling it's not really that safe like you think, perhaps you played with small amount and the casino is still trustworthy until now, but you don't know what happen in the future. It's really hard to believe a reputable and trustworthy casino right now will turn become scam casino, but there's a chance behind it. If you ever send KYC to the casino, your KYC could be sold and your personal information can be used by a scammer.

You can protect yourself from all of this by following some tips:
1. if you are worried about your privacy then play only in reputable casinos that do not require their users to pass the KYC
2. If you are afraid of losing money in case of closing a gambling platform, do not keep a large sum of money on your deposit and replenish your deposit before each game session.

[Wind_FURY]

"Decentralized", does that mean gambling through Web 3.0 will be censorship-resistant? That no governing/regulating entity can shut the site down, or ban users from using the site?

It will likely be censorship-resistant because the government can't do much to the casino. In addition, the casino owner will make his casino outside the jurisdiction of the country that prohibits gambling. I don't know about the regulators of a country that can close a site but if it's outside the jurisdiction of that country, they can't do anything.

That's not the point, what I mean is truly and technically censorship-resistant like Bitcoin. Because the purpose of decentralization isn't decentralization in and of itself, but censorship-resistance.

Plus I'm asking, are these Web 3.0 casinos not merely centralized websites running on top of centralized data-centers/servers?

It's a trade-off, and another set of challenges for the casino. Multi-accounting to take advantage of sign up bonuses could be one kind of swindle that a group of users can do to a casino without KYC.

Casinos will not stand idly by with multi-accounting that will be tried by a group of people because the casinos must have learned to deal with the problem. Every casino must have a problem with those multiple accounts but they sure know how to solve it.

I believe not always, that's why they require KYC, it's easier for them than developing a security system which smart users can go around eventually. Plus casinos without KYC can also be used as mixers/tumblers.

[Saisher]

The con of crypto gambling for me is that crypto is volatile. You are gambling $100 today, but tomorrow it could mean that you lost $300.

I agree that is one of the biggest cons or disadvantages, like what's happening right now, the market is going down there's uncertainty if the market keeps dipping what will be equivalent to the fiat of the coin you are betting right now could be different after you've won, sometimes you really not won but you just make it even because the price of the coin you've used just go down, so check the best time to play with the coin you are going to use to bet based on its market performance.

[madnessteat]

I think that all the pros and cons are identical with the case when we consider fiat versus cryptocurrencies. The only difference (although I may be missing something) is that there is Provable Fair in crypto gambling - this feature is unique to blockchain gambling and cannot be fully copied/replicated in fiat gambling.

One of the main things i do really able to see if we do really make out some comparison in between the two on which in crypto which you could really make yourself that somehow assured nor really get that confident

that you are dealing with a fair site or platform which is something that you could really get the feeling specially when you are dealing with fiat platform or casinos which is indeed right or precise on what you had
mentioned.

One of the pros or the reason on why this market or industry did really grow up fast is about on its payment system where you could play anonymously without any verifying yourself or something
which majority of people do really prefer.

You can also play anonymously in a regular offline casino - as far as I know, no one there asks to pass the KYC. If you wish, this is also possible in fiat online casinos, with small amounts, authorization is not strict and you can go through it with fictitious documents (however, I haven’t been to fiat casinos for a long time, so I can’t be sure that nothing has changed there).

Of course in fiat casinos no one will ask you to show your documents if your appearance indicates that you are of legal age to gamble, but nowadays the identity can be determined even by video cameras that can read your biometrics. I do not know how things are in other countries, but I read that in our country they collect biometric data of citizens even without our permission.

in your country, maybe offline casinos are legal and can be found at some points in the city center bro? that's interesting, and just like playgrounds and other public facilities, friends, show me your ticket to enter and have the right to have fun. in my country maybe not or the place is hidden. But the progress of the times wrapped in web browsing or a unique domain brings someone to the internet which may be served especially for casinos and other gambling.
it makes it easy for players to access and easy to play. As great as supervision is, there is still a gap to come or play

In my country gambling is only allowed in certain government zones, but in the past casinos were everywhere and I often spent my free time playing slots without presenting any documents. Of course if a person looks too young they may ask for documents to avoid possible trouble from the law, but I don't think that they will ask an adult person for documents.

[gantez]

The con of crypto gambling for me is that crypto is volatile. You are gambling $100 today, but tomorrow it could mean that you lost $300.

I agree that is one of the biggest cons or disadvantages, like what's happening right now, the market is going down there's uncertainty if the market keeps dipping what will be equivalent to the fiat of the coin you are betting right now could be different after you've won, sometimes you really not won but you just make it even because the price of the coin you've used just go down, so check the best time to play with the coin you are going to use to bet based on its market performance.

It is not to be forgotten that volatility is a major disadvantage of cryptocurrency gambling. You are not certain of what volatility it will get to the next day if you are betting. But now it is mostly expected to go down and you finding it difficult to gamble as the difference keep widening up.

[aioc]

You can protect yourself from all of this by following some tips:
1. if you are worried about your privacy then play only in reputable casinos that do not require their users to pass the KYC

They will still ask for KYC if they suspect that you are cheating, or your account is suspected of money laundering always check the terms of service of the casino you are playing so you'll know how to take care of your account and not get in their radar.

2. If you are afraid of losing money in case of closing a gambling platform, do not keep a large sum of money on your deposit and replenish your deposit before each game session.

It's always recommended you never know what's going to happen, if you're ok playing with a big amount still play safe by not putting all in one deposit, don't put funds for a whole week.

[Boristhecat]

This phrase sounds strange to me. Firstly, does this only apply to crypto gambling? Secondly, no gambling can be a source of stable income, unless of course you are from the side of the casino, although I have heard that sometimes even casinos get into temporary drawdowns due to the fact that someone hits the jackpot.

Hitting the jackpot should not affect the site itself and you should be alarmed if the site becomes inaccessible because that only means they are not that prepared to pay huge rewards. Pros and cons is there, just understand and know what to use on your next visit when you gamble, still enjoy every game and you can have a good gambling experience even if you lose money since its normal.

You're not right. When someone wins the jackpot or just a large amount of money, the amount of casino funds drops, so this reduces the maximum win that can be received by the next player. And the casino is forced to reduce the maximum bet that it allows players to make. You may have seen that many casinos have a program that allows investors to invest in the bankroll - this is just done in order to increase the funds of the casino.

[dimonstration]

This phrase sounds strange to me. Firstly, does this only apply to crypto gambling? Secondly, no gambling can be a source of stable income, unless of course you are from the side of the casino, although I have heard that sometimes even casinos get into temporary drawdowns due to the fact that someone hits the jackpot.

Hitting the jackpot should not affect the site itself and you should be alarmed if the site becomes inaccessible because that only means they are not that prepared to pay huge rewards. Pros and cons is there, just understand and know what to use on your next visit when you gamble, still enjoy every game and you can have a good gambling experience even if you lose money since its normal.

You're not right. When someone wins the jackpot or just a large amount of money, the amount of casino funds drops, so this reduces the maximum win that can be received by the next player. And the casino is forced to reduce the maximum bet that it allows players to make. You may have seen that many casinos have a program that allows investors to invest in the bankroll - this is just done in order to increase the funds of the casino.

This is true with same game since the jackpot prize will reset but the max bet and other jackpot prize on different games will still same. Maybe you are pertaining on casino with low bank roll but huge stable casino usually has fix max bet limit despite someone win jackpot prize since there bankroll is very huge and they have private investors investing on there bank roll. As you notice in different game provider, They have different max bet limit and they this not because they have low bank roll but rather to force player to play longer while limiting them to win huge amount instantly. Human error and luck of patience is what the casino really want to the player that is why they want a long game as much as possible.

[danherbias07]

One simple thing I am sure of with crypto gambling, it's way easier and I could input bets at a low price when converted to our local currencies. Very good for making long parlays. Then, privacy. They don't need deep information about you, you just need to be 18+ and have an e-mail.
About profits, it all depends on you. What type of games are you playing? If it depends on luck then you should expect to lose more than win because the house will surely win all the time.
But when it comes to other games with analysis included increasing the chance to win, yes, there's a good probability to make money.

[TopTort777]

Gambling with cryptocurrency is much safer than gambling in IRL casino or gambling online for fiat. When you hit jackpot or get a huge multiplier, crypto casino may ask you to pass KYC,  but they can also leave your anonymity. In you hit jackpot while playing online, the casino will definitely gonna ask you for KYC and with 99% probability that info will be reported to tax office. But if you hit jackpot in IRL casino, better watch out when you leave it, because you will on your own against all the undead and evil

[AicecreaME]

Just like any other, crypto gambling has its pros and cons. Gambling using cryptocurrency could either possess beneficial or harmful things to someone depending on how he will utilize it. As for the cons, the decentralized nature is beneficial because of the anonymity. There won't be visible transactions on your debit or credit card that could taint your reputation if you have one to uphold. It could be a source of additional income if you are disciplined enough to know when to try and stop. And at the same time it could be a form of relaxation.

It has its cons too. Your fund inside a crypto gambling platform could change depending on the market season. If its bullish or bearish. The volatility of the cryptocurrency in the market would affect your holdings in the cryptogambling platform which could either be win or lose to you. And lastly just like the usual, addiction in it is possible if you won't be able to control yourself.

[mirakal]

With online gambling nobody has to worry about this situation as they are already at home or playing privately without anyone watching their game and winnings. Thankfully it's much safer on this aspect.

Actually online gambling it's not really that safe like you think, perhaps you played with small amount and the casino is still trustworthy until now, but you don't know what happen in the future. It's really hard to believe a reputable and trustworthy casino right now will turn become scam casino, but there's a chance behind it. If you ever send KYC to the casino, your KYC could be sold and your personal information can be used by a scammer.

Yes, that the same exact reason why I only play with some small amounts to gamble in selected online casinos. I only choose and play to those trusted and reputable ones even if I'm only gambling small amounts with of course a No-KYC casino is much better. But whenever I'm free, I'm still happy to do it on offline casinos because it's much better for me to see and interact with some other gamblers instead of getting myself isolated and it's really much safer because they don't need no ID or any documents if you decides to cash out.

[KTChampions]

You can also play anonymously in a regular offline casino - as far as I know, no one there asks to pass the KYC. If you wish, this is also possible in fiat online casinos, with small amounts, authorization is not strict and you can go through it with fictitious documents (however, I haven’t been to fiat casinos for a long time, so I can’t be sure that nothing has changed there).

Not unless you win multiple times and create an unwanted attention to yourself. Also, they probably knew you already right after entering their premises, hence why they don't even ask for KYC or even do a thorough background and security check on you because they know the basics about you. A friend told me about this as he's working as a part of a security detail on a local casino, and apart from the regular obvious security guys they had on site, they also have the regular looking guys mingling with lots of players in order to gather even just the slightest information about them. This happens on a high-end casino though, not sure about the others.

I think these are tales. If you do not break the rules (now it is difficult to break them even in such games as Black Jack) and have not won several million dollars twice in a row, then it is unlikely that anyone is interested in you. The security service is engaged in the identification of scammers and thieves who always find themselves in places such as casinos, train stations, etc.

Of course in fiat casinos no one will ask you to show your documents if your appearance indicates that you are of legal age to gamble, but nowadays the identity can be determined even by video cameras that can read your biometrics. I do not know how things are in other countries, but I read that in our country they collect biometric data of citizens even without our permission.

Naturally, the situation in our country is very different from the situation in civilized countries  Here, identification worries me least of all, because there are more real threats - with a big win, you will simply be beaten and thrown out of the institution (this is a conditional option) without any formalities.

[uneng]

With online gambling nobody has to worry about this situation as they are already at home or playing privately without anyone watching their game and winnings. Thankfully it's much safer on this aspect.

Actually online gambling it's not really that safe like you think, perhaps you played with small amount and the casino is still trustworthy until now, but you don't know what happen in the future. It's really hard to believe a reputable and trustworthy casino right now will turn become scam casino, but there's a chance behind it. If you ever send KYC to the casino, your KYC could be sold and your personal information can be used by a scammer.

There are risks, indeed, because the future is unknown, but as we can see on this forum there are crypto casinos operating for several years already, like Stake (and its predecessor Primedice), Freebitcoin, Crypto Games, Fortune Jack and others... After so many years they are still legit while dealing with large sums of crypto without scamming their customers. Aware about that, I feel more confident regard crypto casinos.

About KYC it's not only gambling platforms that put us under risk of having our personal informations sold. In my country there are reports of corrupt agents of our local government and traditional fiat banks who leak data from the internal system for money. In this digital era we live where everything is done virtually it's hard to be entirely safe from this kind of threat, at same time it's impossible to close yourself inside a bubble without contact with the external world.

[Odusko]

The major challenge of a cryptocurrency casino is the fact that most casinos do not have an office so when there are cases of scams you don't know where to go to, unlike physical casinos that can be sued for any illegal act online cryptocurrency casinos can not easily be sued cause most of them have no physical office.

[Fatunad]

The major challenge of a cryptocurrency casino is the fact that most casinos do not have an office so when there are cases of scams you don't know where to go to, unlike physical casinos that can be sued for any illegal act online cryptocurrency casinos can not easily be sued cause most of them have no physical office.

One of the things where you couldnt able to reach out specially dealing with crypto casinos online where they dont have physical office but to mind off that these businesses are licensed
which means you could still have that chance on knowing on what their location would be but of course it would be excluded on Curacao which does have cheap license too.
I dont know if they are really that strict when it comes on granting or approving some casinos licensing procedure.

[tabas]

The major challenge of a cryptocurrency casino is the fact that most casinos do not have an office so when there are cases of scams you don't know where to go to, unlike physical casinos that can be sued for any illegal act online cryptocurrency casinos can not easily be sued cause most of them have no physical office.

That's one thing but when the casino is already reputable, I don't think that everyone is going to have any problems having no physical office.
But it's a fact that it's becoming a requirement for some big gamblers because they're just want to make sure upon foreseeing some possible incidents that won't favor them to happen in the future.

[CaVO32]

The major challenge of a cryptocurrency casino is the fact that most casinos do not have an office so when there are cases of scams you don't know where to go to, unlike physical casinos that can be sued for any illegal act online cryptocurrency casinos can not easily be sued cause most of them have no physical office.

That's one thing but when the casino is already reputable, I don't think that everyone is going to have any problems having no physical office.
But it's a fact that it's becoming a requirement for some big gamblers because they're just want to make sure upon foreseeing some possible incidents that won't favor them to happen in the future.

With some of the reputable casinos in the forum, we have no idea if they have physical office or not. Actually, I haven't seen one asking them about their physical address. Though that's the advantage of a physical casino where a player can tell where they are if something goes wrong, but for online casinos, it is indeed hard to run after them. You are only relying on their technical or admin support if they will resolve your issues. Suing them is very hard, but the community can help you if you happen to play in one of the casinos found in the forum. So as much as possible, better play only on casinos you know has active support especially in this forum.

[coolcoinz]

The major challenge of a cryptocurrency casino is the fact that most casinos do not have an office so when there are cases of scams you don't know where to go to, unlike physical casinos that can be sued for any illegal act online cryptocurrency casinos can not easily be sued cause most of them have no physical office.

How does that make it any different when we compare a crypto casino to a fiat casino? The way I see it OP wanted to give pros and cons of crypto vs fiat and not compare online gambling to stationary casinos. Both online fiat casino and ones using crypto will face the same problems when it comes to scams.

The risk with a crypto casino will depend on the coin. If you choose to gamble with an altcoin that loses 50% value in one day, you're going to negate your wins just like that. I feel that volatility may be one of the biggest problems a gambling site might face.

[DoublerHunter]

The major challenge of a cryptocurrency casino is the fact that most casinos do not have an office so when there are cases of scams you don't know where to go to, unlike physical casinos that can be sued for any illegal act online cryptocurrency casinos can not easily be sued cause most of them have no physical office.

How does that make it any different when we compare a crypto casino to a fiat casino? The way I see it OP wanted to give pros and cons of crypto vs fiat and not compare online gambling to stationary casinos. Both online fiat casino and ones using crypto will face the same problems when it comes to scams.

The risk with a crypto casino will depend on the coin. If you choose to gamble with an altcoin that loses 50% value in one day, you're going to negate your wins just like that. I feel that volatility may be one of the biggest problems a gambling site might face.

^ Definitely right and I agree with you.
The biggest issue that will probably face the gamblers is the volatility of the market. Actually, there are too many things to consider as pros and cons to this issue but the common comparison is the risk of the currency that the casino uses. Also in fiat, for sure it will bind to your privacy upon depositing money while your bank and your gambling that used were linked together while in crypto, you can choose to be anonymous which is a good option if you care about your privacy. So possible it's a gamblers choice which they prefer to gamble, in using fiat or using crypto.

[Rengga Jati]

First of all, so sorry to say this.
But, can you fix this thread to make it neater so it's more readable?
Like spacing enter or by using bold and other features to stress some lists?

Well, related to the pros and cons of crypto gambling, it may have been talking several times here.

It is secure:
 Your payment information cannot be stolen yonder from you. Bitcoin transactions do not require any personal data to be submitted, protecting you from identity theft.

Actually, we cannot say that it is secure 100% because online will always have the risk of hacking. But, I am sure that every crypto gambling platform has tried to make its best security system.

It is private:
Since no personal information is tying to your Bitcoin wallet, people do not know who (bought something for money) what.

Simply yes, each member will not know who is beside the transactions. But the matter right now is that some gambling platforms also need KYC identification and this may not be alongside the term of privacy. Although they ensure that it will be safe and private enough

[ralle14]

The risk with a crypto casino will depend on the coin. If you choose to gamble with an altcoin that loses 50% value in one day, you're going to negate your wins just like that. I feel that volatility may be one of the biggest problems a gambling site might face.

That depends on the timing as well but for gamblers it's probably not that much of an issue since some of the casinos i've tried before have their own alternative solutions. For example like in Duelbits and Roobet they'd automatically convert your crypto to the current fiat value then in Sportsbet they have an exchange feature that allows you to convert your crypto balance to fiat anytime you want but they only allow it for betting purposes so you can't cashout with fiat after depositing crypto in their site.

[Fundamentals Of]

The con of crypto gambling for me is that crypto is volatile. You are gambling $100 today, but tomorrow it could mean that you lost $300.

I agree that is one of the biggest cons or disadvantages, like what's happening right now, the market is going down there's uncertainty if the market keeps dipping what will be equivalent to the fiat of the coin you are betting right now could be different after you've won, sometimes you really not won but you just make it even because the price of the coin you've used just go down, so check the best time to play with the coin you are going to use to bet based on its market performance.

Whether the price will rise or fall or you win or lose, there will always be a discrepancy because cryptocurrency is volatile. So it is going to be a difficult thing if you want to keep track of all your crypto bets with their fiat value when they were placed. This is probably the reason why there was quite a strong demand for crypto casinos and sports betting sites to accept stablecoins like the USDT. Although it is a bit awkward to want to bet with crypto and use a coin which is pegged on the USD, it makes betting and tracking a little more convenient. Many of crypto gambling sites today have now accepted stablecoins.

[coin-investor]

It has its cons too. Your fund inside a crypto gambling platform could change depending on the market season. If its bullish or bearish. The volatility of the cryptocurrency in the market would affect your holdings in the cryptogambling platform which could either be win or lose to you. And lastly just like the usual, addiction in it is possible if you won't be able to control yourself.

I consider the volatility a con and a pro a con if the market crash and pro if the market pump at the time you are betting and winning so you decide for yourself by checking the status of the market and considering what coins to use and if you are comfortable playing that is if you are looking for profit both in the casino and in the market, but if you are playing to enjoy, the market condition has no effect on your betting.
And many will agree that the pro and con lies in your motivation to gamble if you are a responsible gambler there is no con and  to you, you take it positively.

[rodskee]

Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
 

Actually its not only  in crypto gambling that profit isn't stable but in All gambling area such as Fiat and in other forms , it is more on Luck and chances , but lets admit that there are some of us that is born luck and can make their living using gambling only.
there are some individuals that living in full gambling and yes they become even Millionaires if not Billionaires .

[South Park]

The major challenge of a cryptocurrency casino is the fact that most casinos do not have an office so when there are cases of scams you don't know where to go to, unlike physical casinos that can be sued for any illegal act online cryptocurrency casinos can not easily be sued cause most of them have no physical office.

That's one thing but when the casino is already reputable, I don't think that everyone is going to have any problems having no physical office.
But it's a fact that it's becoming a requirement for some big gamblers because they're just want to make sure upon foreseeing some possible incidents that won't favor them to happen in the future.

If a person is a big gambler I can understand in a way that they may like the casino to have a physical address in the case something goes wrong and have a way to take legal action against a casino that goes rogue, but for the people that are gambling with a limited amount of money this is not going to make too much of a difference, as if they lost some money due to being scammed they will have no way to recover it, whether the casino had a physical address or not.

[Peanutswar]

We know how so fun to play gambling this is the purpose of it to give an entertainment business with this kind of activity both a win-win situation they bring entertainment to their users at the same time they are earning some assets of course not all the time it's in favor of the gambling platforms because they have the Good RTP events, it depends now to the player of they will make this brings up if they are going to make a good shot to play and risk or just a casual game. Many people win this game instantly at a good profit and of course, there's is some of those people who loses a lot of they will keep playing just to earn back their loses.

[michellee]

I think the problem of multiple accounts cannot really be solved that easily. What comes into my mind first and foremost is just getting someone elses or a fake ID and using that to create a account. You can also use some undetectable VPN to make it look like each account is coming from a different place.

Although that being said, a lot of VPN providers are being detected by online gambling casinos, so I guess its up to you whether or not you would want to risk it on such a scheme. I really do not see the benefits of gambling on multiple accounts. The cons outweigh the pros.

I guess, for now, the problem of multiple accounts is not a big deal for the casinos because they must have found a way to detect those multiple accounts. Even though they might be using a VPN, I guess the casino will find it and it's just a matter of time for the casino.

People shouldn't try to use a VPN if they are in countries where gambling is prohibited or their country is on the no-go list for that casino because that could create problems in the future. But we can't force it on them because they play gambling or not, it's up to them and they should understand the risks.

That's not the point, what I mean is truly and technically censorship-resistant like Bitcoin. Because the purpose of decentralization isn't decentralization in and of itself, but censorship-resistance.

Plus I'm asking, are these Web 3.0 casinos not merely centralized websites running on top of centralized data-centers/servers?

I apologize if I don't understand the point. But if it's for that, I don't know for sure but it looks like it can survive because the casino can adapt to the situation and conditions.

Web 3.0 casino itself is just getting started and I think it's still a long way to go.

I believe not always, that's why they require KYC, it's easier for them than developing a security system which smart users can go around eventually. Plus casinos without KYC can also be used as mixers/tumblers.

Hopefully, the request to fill out KYC is only used for gamblers who use a lot of money so that it doesn't burden small gamblers who don't use a lot of money. If the user uses the casino as a place to launder money, then the casino can ask or request KYC from them.

[VanityWallets2015]

The only fact that I keep in mind to reduce my gambling habit or addiction is that even if I win now, the total loss that I made is much greater that what I win today and whenever I think about that thing it makes me stop gambling keeping in my mind that I will be losing again and if I am looking for entertainment, there's always available gambling sites that has free demo coins.

[Kakmakr]

I think you left out one of the PROS for Crypto gambling ==> Micro transactions

International money transfers can be very expensive, even if you use your credit card.... so doing a transfer of say $10 to a gambling site, will not be worth it, because you might pay more than that in fees. Now if you use some Crypto currencies, like Litecoin or TRX ...small or micro transactions will be cheaper and more feasible to do...and you can transfer very small amounts to these casinos. 

The pseudo-anonymity of Crypto currencies are being destroyed by Crypto casinos with KYC requirements ....so it is only one of the PROS, if the casino does not require KYC details. 

[Fortify]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .
Yes, I know that many times it seems almost impossible to win though at the same time it’s the easiest way of doubling up your money.
Let’s talk about the pros:
It is decentralized:
 (without having one inside zone of command). No one can take your Bitcoins yonder from you or freeze your 'crypto account' due to the sheer of a inside legal/law-based validity in the system. You own your money and your transactions are safe.
It is secure:
 Your payment information cannot be stolen yonder from you. Bitcoin transactions do not require any personal data to be submitted, protecting you from identity theft. And there can be no chargebacks - once sent, Bitcoins transactions are unchangeable. This ways the transaction cannot be reversed or reverted from the way it was recorded in Bitcoin's public ledger, which makes for fewer risks for people who sells.
It is private:
Since no personal information is tying to your Bitcoin wallet, people do not know who (bought something for money) what. At the same time it is clear/open and honest, meaning that anyone can find information on addresses and their balances in a public ledger.
It is fast: It does not matter where you move (from one place to another) your coins to: be it an international move (from one place to another) or a local pizza (instance of ownership something for money). With Bitcoin any. With CoinsPaid's crypto-processing abilities, crypto casino deposits the move (from one place to another) is tropical to immediate.
Bitcoin has (had) low transaction fees: Since there are no (people or businesses who buy goods to sell to stores, not you) in a decentralized network, no one will tuition you for anything. More so , the way the technology is set up there might be fees for faster processing of transactions or (changing from one form, state, or state of mind to another) of bitcoins into fiat currency. Although, most wallets will requite you the option to (adjust/change to fit new conditions) your legation in favour of a quick crypto move (from one place to another) or a low commission.
It is not subject to inflation:
The number of Bitcoins to overly be issued is limited to about  21 million and Bitcoin volume growth is (expected), so they cannot be out like fiat types of money and poured into the (process of people making, selling, and ownership things) at random.
It is not unchangingly taxed:  The tax regulation for digital valuable things has come a long way as Bitcoin and altcoins have been recognized by some states as property, store of value, or plane currency. If you are planning to gamble in Bitcoin, make sure you know what your local tax law says on your winnings or from betting with crypto. But for most countries Bitcoin remains mostly uncontrolled.
In summary, from a player's point of view, Bitcoin is the perfect 'gaming coin'. Players love Bitcoin considering it offers unnamed upper speed transactions for deposits and withdrawals, which do not go through a decentralized financial system. In, most Bitcoin games are 'Provably Fair'.

Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .

That's quite a long list of "pros" with only one con that is applicable to all gambling - not just crypto. There are other cons that I can think of: additional fees along with longer transaction processing time when it comes to the Blockchain and wanting to cash out into a fiat currency for daily use. Many of these gambling companies are based offshore, with token regulation licenses, so are much more vulnerable to disappearing without any enforcement. Basing everything around anonymity is not necessarily a bonus for people placing bets because transparency breeds honesty.

[judeafante]

The pseudo-anonymity of Crypto currencies are being destroyed by Crypto casinos with KYC requirements ....so it is only one of the PROS, if the casino does not require KYC details. 

It's something that protects the casinos from bad actors and from the demand of regulations, even trusted and reputable casinos that uphold anonymity will ask KYC if circumstances demanded it, we should only play on casinos where KYC is being asked because of cheating and on account with suspicious activity if we are not doing anything wrong we are safe from this KYC.   

[Coin_trader]

The pseudo-anonymity of Crypto currencies are being destroyed by Crypto casinos with KYC requirements ....so it is only one of the PROS, if the casino does not require KYC details. 

It's something that protects the casinos from bad actors and from the demand of regulations, even trusted and reputable casinos that uphold anonymity will ask KYC if circumstances demanded it, we should only play on casinos where KYC is being asked because of cheating and on account with suspicious activity if we are not doing anything wrong we are safe from this KYC.   

This is real talk, Many players especially newbie are too scared on KYC even though it's not mandatory requirements of casino. As you said, I believe too that it's just for regulatory compliant in case something shady is happening on a user account. This is the new norm now especially crypto market is already huge unlike before that government just ignore crypto market. There's already billion dollars flowing on this industry so it's normal that government will regulate it whether we like or not just to get tax to this crypto casino industry.

[tabas]

That's one thing but when the casino is already reputable, I don't think that everyone is going to have any problems having no physical office.
But it's a fact that it's becoming a requirement for some big gamblers because they're just want to make sure upon foreseeing some possible incidents that won't favor them to happen in the future.

If a person is a big gambler I can understand in a way that they may like the casino to have a physical address in the case something goes wrong and have a way to take legal action against a casino that goes rogue, but for the people that are gambling with a limited amount of money this is not going to make too much of a difference, as if they lost some money due to being scammed they will have no way to recover it, whether the casino had a physical address or not.

That's right and that's the reason why they should gamble with a trusted one. Too many casinos out there to pick and just choose the best one you think that's reputable.
It's easier to know these days what are those reputable ones and what are those that are not. With a few searches and as well as paying a visit to their threads if ever they've got, you'll see the reviews about them.

[traderethereum]

The only fact that I keep in mind to reduce my gambling habit or addiction is that even if I win now, the total loss that I made is much greater that what I win today and whenever I think about that thing it makes me stop gambling keeping in my mind that I will be losing again and if I am looking for entertainment, there's always available gambling sites that has free demo coins.

Reducing the habit or addiction to gambling is very necessary before it is too late and we also still have time to realize it.
But unfortunately, not many can do it even though it will be very useful for them, especially for people who have been playing gambling for a long time.
No one knows when we will become addicted to gambling and instead of stopping gambling, we will continue to play and spend more money.
We will experience losses compared to wins and that is why we must be able to stop and manage when we play gambling.

[molsewid]

That's right and that's the reason why they should gamble with a trusted one. Too many casinos out there to pick and just choose the best one you think that's reputable.
It's easier to know these days what are those reputable ones and what are those that are not. With a few searches and as well as paying a visit to their threads if ever they've got, you'll see the reviews about them.

That is why it is very hard to play in new casinos, I only play to that website that most of us are playing. I am using this forum to choose what casino should I play because many of you already have your own feedback on a certain casino. KYC is not a problem if they are legitimate and already prove to us that they will not use our identity in any malicious things. KYC can be good to us as well, it can help us when things go wrong with our account. Reviews and suggestions can be use for us to choose the right one.

[swogerino]

That's right and that's the reason why they should gamble with a trusted one. Too many casinos out there to pick and just choose the best one you think that's reputable.
It's easier to know these days what are those reputable ones and what are those that are not. With a few searches and as well as paying a visit to their threads if ever they've got, you'll see the reviews about them.

That is why it is very hard to play in new casinos, I only play to that website that most of us are playing. I am using this forum to choose what casino should I play because many of you already have your own feedback on a certain casino. KYC is not a problem if they are legitimate and already prove to us that they will not use our identity in any malicious things. KYC can be good to us as well, it can help us when things go wrong with our account. Reviews and suggestions can be use for us to choose the right one.

This is also the only downside or con to crypto gambling as you don't know with whom you are dealing to and the risk of getting scammed is higher here because in most crypto casinos you play without verification or KYC in place until you reach a certain amount of money which you cannot withdraw if you do not verify yourself.

That is why is extremely important to read the Gambling section of the forum,there in the ANN thread of each casino you can draw you own conclusions however the best ones have a thread which consists of a really large number of pages while the unknown ones or new ones only few pages.Anyone should check  the feedback on these ANN threads and see if there are always problems which indicates not a good site or you see there rare occurrence of such happenings and people are happy,this means it is a trusted and reputable casino,in which you can play without fears.

[Smartvirus]

There is a safety that comes with sticking to what your familiar with and what is more popular with people especially in the cryptocurrency field where everyone remains anonymous and even the Casinos. One wrong move and your sure your money isn't coming back andbthe worst case about it is that, there isn't anything you could do about it. That's a down side to the crypto gambling industry, they could scam you, you can't do nothing about it and still, they would remain in business. Sometimes, they play the KYC trick, same as some exchanges do and your most likely not willing to go with it but, is forced to because of your funds. Worst case scenario, it never gets verified and you never get approved to withdraw or use your account.

[Cling18]

Any form of gambling has risks but on the other side, it also gives the players a chance to make a profit though there's still no assurance. Gambling will still be worth it if we'll know how to handle it right. If we know when to stop and when to continue, then we're handling the risks of it the right way. Compared to physical casinos, crypto gambling provides us anonymity and it's also a good thing that we could gamble whenever we want.

[TheGreatPython]

Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .

Not crypto gambling but gambling in general. Crypto plus gambling when combined becomes very risky because gambling is already unstable but cryptos are more volatile. When you lose, you don't just lose, but you can be able to lose more. Other disadvantage is that crypto is hard to use for someone that is starting, he can lose his coins in the process of transferring it. Delays are also there if the network is heavily congested.

It is decentralized

There are decentralized types of crypto gambling but they are rarely being used now. It was like the more cryptos become well known, the more centralized entities are becoming successful. The same thing happens with crypto exchanges. Before, when cryptos are starting, we only have decentralized exchange but like crypto gambling, cex starts to dominate them.

[BitSwapNow]

The house ALWAYS wins in the long run. This is how it is designed, Can a gambler win sure but in the long run you will lose. Not many successful gamblers out there in the real world let alone a crypto gambler. Gambling is not worth it in my opinion.

[lixer]

It's not much different from traditional gambling.

You get some pros like better odds (usually lower house edge because of the fact that there is so much competition), better VIP service, greater limits on your bets, and generally a more pleasant and convenient betting experience.

But the trustworthiness of the sites you play on is a huge factor. You don't have to worry as much physically when you win lots whether they will pay you out.

The only thing that you will worry when you win in an offline casino is how can you get out safely with that huge money you are holding because someone on the casino might be watching at you and have plans to hold up you or something from outside will do the same thing. This is why I still prefer playing online as it much safer but of course if you only play on a trusted/verified gambling site.

I think there is a big difference in terms of games. I believe that there are so many games on an online gambling site than those that we usually see in offline gambling places.  We are also using a crypto not fiat although there are now crypto sites that have dual currencies support.

[qwertyup23]

Pros: You can earn Money
Cons: It’s not guaranteed

Pros: You may be able to earn money
Cons: You will most likely lose money

When I first learned that there was a crypto casino I was a little hesitant. For me, crypto is something that is highly valued, and something that many can't get. Because of this, I was a little skeptical about whether or not I would enjoy the experience of gambling with it. I was afraid that because of this value attached, I would not enjoy my gambling experience.
I guess it's just the difference between putting your money into something that has no value to you and buying something that has real value.

Like what I always tell someone whenever they gamble using cryptocurrency, I always tell them to avoid using BTC due to the latter's potential of its price increasing in the future. If it is possible, try to gamble using a different cryptocurrency instead and save your BTCs for investments.

Just like normal gambling, the chances of you winning are not guaranteed and absolute. There is always that element of risk whenever you gamble- that is why do not expect that you will win every single games that you play.

[MonsterV]

I think that gambling, whether traditional, modern, and using different commodity, it is still the same pros and cons. Yes, it can give fun, new experience, and above all profits. But, it can lead to losing assets and could inflict addiction to those who won’t be able to handle the desire and influence of gambling to their system.

[Fivestar4everMVP]

Awesome write up, though I found it difficult to understand some part, but still does not dispute the fact you passed a message @op.
Gambling has helped me earn a few buck in the past, even though it's not something I do consistently or constantly.
I think one of the cons is the fact that gambling is highly addictive, and online gambling with payment in bitcoin has opened the doors to under age gamblers, children or rather, teenagers who should really pay more attention to their studies easily turn to gambling as a means of earning some extra pocket money, and they easily get addicted this sometimes destroys their academic goals if they are not rescued on time.

[Odusko]

Cryptocurrency gambling has its advantages and disadvantages and the most obvious among the pros of online gambling is privacy just like I said earlier most online gamblers do it because of the privacy and how faster their processing of the transaction, but it set back is in addressing issues because since there don't have physical office locating them is hard in time of scam.

[madnessteat]

Awesome write up, though I found it difficult to understand some part, but still does not dispute the fact you passed a message @op.
Gambling has helped me earn a few buck in the past, even though it's not something I do consistently or constantly.
I think one of the cons is the fact that gambling is highly addictive, and online gambling with payment in bitcoin has opened the doors to under age gamblers, children or rather, teenagers who should really pay more attention to their studies easily turn to gambling as a means of earning some extra pocket money, and they easily get addicted this sometimes destroys their academic goals if they are not rescued on time.

I absolutely agree with you. This can be attributed to one of the disadvantages of online gambling, but if you look at it on the other hand online casinos allow people to play gambling that are not able to visit land-based casinos, for example disabled people who have great difficulty in moving around in a wheelchair. Parents can prevent teenagers from gambling, but it is unlikely that anyone will want to contribute to the organization of leisure activities for the disabled. 

[KTChampions]

I think you left out one of the PROS for Crypto gambling ==> Micro transactions

International money transfers can be very expensive, even if you use your credit card.... so doing a transfer of say $10 to a gambling site, will not be worth it, because you might pay more than that in fees. Now if you use some Crypto currencies, like Litecoin or TRX ...small or micro transactions will be cheaper and more feasible to do...and you can transfer very small amounts to these casinos. 

The pseudo-anonymity of Crypto currencies are being destroyed by Crypto casinos with KYC requirements ....so it is only one of the PROS, if the casino does not require KYC details. 

I should note that even if the casino does not require KYC, this does not guarantee the absence of problems - in any case, they use transaction tracking tools (so as not to receive "dirty" money on their balance). In fact, this is even worse than KYC because you can forge documents for example, but you will never forge the blockchain.

[wildan88]

One of the biggest advantages is that you can of course gamble relatively anonymously. However, that is becoming less, more and more sites are asking for a KYC, whether mandatory or not. Another big advantage is that the payments are processed fairly quickly after 1 or 2 confirmations on the network and that you normally do not have to deal with limits when you want to deposit money into your account.

[tabas]

That's right and that's the reason why they should gamble with a trusted one. Too many casinos out there to pick and just choose the best one you think that's reputable.
It's easier to know these days what are those reputable ones and what are those that are not. With a few searches and as well as paying a visit to their threads if ever they've got, you'll see the reviews about them.

That is why it is very hard to play in new casinos, I only play to that website that most of us are playing. I am using this forum to choose what casino should I play because many of you already have your own feedback on a certain casino. KYC is not a problem if they are legitimate and already prove to us that they will not use our identity in any malicious things. KYC can be good to us as well, it can help us when things go wrong with our account. Reviews and suggestions can be use for us to choose the right one.

Hard in a way that they are hard to be trusted. Because there's no reputation yet and we want to make sure that we're gambling to the correct one.
But to avoid that confusion and worry, it's better to gamble into the casino that had a name already and reputation built so that you'll just have fun and focus if you're into trying to multiple your money in there.

[STT]

I always thought one of the advantages of crypto is its virtual status, at one time it was purely a token not currency you have to worry about or reallocate towards bills because most places still arent taking it directly.  So in crypto I can gamble this token and its purely for that divided from conventional job earnings and separate is safer.   It is best to move back and forth between crypto and cash too much I think as it only creates possible issues.   Generally there has been growth over the years so its best to stay in this economic system anyway.

[AmoreJaz]

One of the biggest advantages is that you can of course gamble relatively anonymously. However, that is becoming less, more and more sites are asking for a KYC, whether mandatory or not. Another big advantage is that the payments are processed fairly quickly after 1 or 2 confirmations on the network and that you normally do not have to deal with limits when you want to deposit money into your account.

maybe, anonymity is getting compromised each day as casinos are implementing kyc to their players. however, there are still several reputable casinos here that don't strictly require kyc. but on the other hand, we can get good list of advantages of using an online casino. for me, you can access this anywhere you want, unlike physical casinos where you need to visit the site just to play. the list can go on and on but at the end of the day, every gambler has their own preferences. so it is up to them what is their priority at a given time period.

[Mahanton]

That's right and that's the reason why they should gamble with a trusted one. Too many casinos out there to pick and just choose the best one you think that's reputable.
It's easier to know these days what are those reputable ones and what are those that are not. With a few searches and as well as paying a visit to their threads if ever they've got, you'll see the reviews about them.

That is why it is very hard to play in new casinos, I only play to that website that most of us are playing. I am using this forum to choose what casino should I play because many of you already have your own feedback on a certain casino. KYC is not a problem if they are legitimate and already prove to us that they will not use our identity in any malicious things. KYC can be good to us as well, it can help us when things go wrong with our account. Reviews and suggestions can be use for us to choose the right one.

Hard in a way that they are hard to be trusted. Because there's no reputation yet and we want to make sure that we're gambling to the correct one.
But to avoid that confusion and worry, it's better to gamble into the casino that had a name already and reputation built so that you'll just have fun and focus if you're into trying to multiple your money in there.

Stick with reputable or known ones then you would be safe but always mindful about the risk because even though they are reputable doesnt mean that you could trust them 100%
which means that only deposit on the amount which you can afford to lose not on the sense on playing gambling but also that hacking incident or the site itself would become a scam.
Cant really be determined though if it would happen or not ahead but you arent that dumb for not to notice on something.

[DoublerHunter]

One of the biggest advantages is that you can of course gamble relatively anonymously. However, that is becoming less, more and more sites are asking for a KYC, whether mandatory or not. Another big advantage is that the payments are processed fairly quickly after 1 or 2 confirmations on the network and that you normally do not have to deal with limits when you want to deposit money into your account.

maybe, anonymity is getting compromised each day as casinos are implementing kyc to their players. however, there are still several reputable casinos here that don't strictly require kyc. but on the other hand, we can get good list of advantages of using an online casino. for me, you can access this anywhere you want, unlike physical casinos where you need to visit the site just to play. the list can go on and on but at the end of the day, every gambler has their own preferences. so it is up to them what is their priority at a given time period.

^ That is the problem now with the crypto casino., it seems they are the same with the cash casino, the spirit of decentralizing nature of crypto has been faded because of the implementation of KYC procedures which is you are totally revealing your identity. But that is right, not all of them are required KYC, but the problem is those gambling casinos that don't require KYC are usually prone to hacking and don't have a licensed gambling casino. Nevertheless, it is our choice on which we are preferred.

[Maus0728]

One of the biggest advantages is that you can of course gamble relatively anonymously. However, that is becoming less, more and more sites are asking for a KYC, whether mandatory or not. Another big advantage is that the payments are processed fairly quickly after 1 or 2 confirmations on the network and that you normally do not have to deal with limits when you want to deposit money into your account.

maybe, anonymity is getting compromised each day as casinos are implementing kyc to their players. however, there are still several reputable casinos here that don't strictly require kyc. but on the other hand, we can get good list of advantages of using an online casino. for me, you can access this anywhere you want, unlike physical casinos where you need to visit the site just to play. the list can go on and on but at the end of the day, every gambler has their own preferences. so it is up to them what is their priority at a given time period.

^ That is the problem now with the crypto casino., it seems they are the same with the cash casino, the spirit of decentralizing nature of crypto has been faded because of the implementation of KYC procedures which is you are totally revealing your identity. But that is right, not all of them are required KYC, but the problem is those gambling casinos that don't require KYC are usually prone to hacking and don't have a licensed gambling casino. Nevertheless, it is our choice on which we are preferred.

But it really isn't on a same page. Gambling and Crypto are like oil and water. Gambling often needs verification for a much stronger security and assurance that such user is of the legal age and would be following the Legal terms in gambling. Crypto, on the other hand, tends to be anonymous. Hence, the implementation of Crypto onto gambling and how anonymity is bypassed would still be an issue for decades ahead.

[ralle14]

but the problem is those gambling casinos that don't require KYC are usually prone to hacking and don't have a licensed gambling casino. Nevertheless, it is our choice on which we are preferred.

I disagree with this, just because a casino doesn't ask for KYC doesn't usually mean their security isn't the best. It might be a coincidence if it happened between one casino to another but these are two separate things though.

One of the cons that I could add to the list is the minimums (deposits and withdrawal) between casinos. Some casinos tend to change their minimums from time to time and set low minimums on their deposits but there are annoying casinos with minimum withdrawal amounts 3x-10x higher than the minimum deposit.

[ipanks]

snip

I guess crypto casinos can handle it. Well, maybe now they can't provide the anonymity that gamblers ask for. But at least they've tried to give it to gamblers. By not applying too stringent verification to gamblers, especially small gamblers who use a small fraction of their crypto to gamble. This has helped crypto gamblers to be able to experience gambling at crypto casinos and do not need to go through verification like in fiat casinos. Crypto casinos themselves will always pay attention to their members consisting of crypto gamblers not to ask for their identity in detail, except for those who use large amounts of crypto to bet.

[joeperry]

(...)

One of the cons that I could add to the list is the minimums (deposits and withdrawal) between casinos. Some casinos tend to change their minimums from time to time and set low minimums on their deposits but there are annoying casinos with minimum withdrawal amounts 3x-10x higher than the minimum deposit.

I am not familiar with this one. I'm lucky that all of the gambling sites that I currently playing at doesn't have that high withdrawal limits, I think it is one of their strategy so some players will keep wagering their money until they lose as playing more would have a high chance that you would lose.

[mirakal]

The pseudo-anonymity of Crypto currencies are being destroyed by Crypto casinos with KYC requirements ....so it is only one of the PROS, if the casino does not require KYC details. 

It's something that protects the casinos from bad actors and from the demand of regulations, even trusted and reputable casinos that uphold anonymity will ask KYC if circumstances demanded it, we should only play on casinos where KYC is being asked because of cheating and on account with suspicious activity if we are not doing anything wrong we are safe from this KYC.   

This is real talk, Many players especially newbie are too scared on KYC even though it's not mandatory requirements of casino. As you said, I believe too that it's just for regulatory compliant in case something shady is happening on a user account. This is the new norm now especially crypto market is already huge unlike before that government just ignore crypto market. There's already billion dollars flowing on this industry so it's normal that government will regulate it whether we like or not just to get tax to this crypto casino industry.

Indeed, and actually there's really nothing to worry about that if you yourself are not doing something suspicious and we cannot blame them because these casinos are just following the regulations, it's not like that they want your details for nothing. That is also why it is important to only play to those reputable and trusted casinos so that your details would be entirely safe if they will ask some of it.

[wiss19]

I consider the volatility a con and a pro a con if the market crash and pro if the market pump at the time you are betting and winning so you decide for yourself by checking the status of the market and considering what coins to use and if you are comfortable playing that is if you are looking for profit both in the casino and in the market, but if you are playing to enjoy, the market condition has no effect on your betting.
And many will agree that the pro and con lies in your motivation to gamble if you are a responsible gambler there is no con and  to you, you take it positively.

It must be a good feeling when you gamble a dump coin and then you win but at the same time that coin pumps too because your profits are going to double or triple in an instant. I will only hesitate using the crypto for betting when it was pumping already because to me I feel that I can incur more losses if ever I don't win.

Most gambling sites right now can display the real time price of the cryptos (in fiat value) so there is no need for us to check the crypto outside the site we are playing. This can save us a lot of time. Being a responsible gambler doesn't mean that you are not playing for profit, so there is still con's to you, not only pro's.

[Naficopa]

I consider the volatility a con and a pro a con if the market crash and pro if the market pump at the time you are betting and winning so you decide for yourself by checking the status of the market and considering what coins to use and if you are comfortable playing that is if you are looking for profit both in the casino and in the market, but if you are playing to enjoy, the market condition has no effect on your betting.
And many will agree that the pro and con lies in your motivation to gamble if you are a responsible gambler there is no con and  to you, you take it positively.

It must be a good feeling when you gamble a dump coin and then you win but at the same time that coin pumps too because your profits are going to double or triple in an instant. I will only hesitate using the crypto for betting when it was pumping already because to me I feel that I can incur more losses if ever I don't win.

Most gambling sites right now can display the real time price of the cryptos (in fiat value) so there is no need for us to check the crypto outside the site we are playing. This can save us a lot of time. Being a responsible gambler doesn't mean that you are not playing for profit, so there is still con's to you, not only pro's.

Well no gambling is a source of permanent income. Its easy money and it goes easy.
I have seen people happy having a lot of money and in the next moment - the whole money is gone or hacked. My brother faces the loss and he was not much upset. But that is real and one should not ruin ones hard earned money in gambling.

[ultrloa]

I consider the volatility a con and a pro a con if the market crash and pro if the market pump at the time you are betting and winning so you decide for yourself by checking the status of the market and considering what coins to use and if you are comfortable playing that is if you are looking for profit both in the casino and in the market, but if you are playing to enjoy, the market condition has no effect on your betting.
And many will agree that the pro and con lies in your motivation to gamble if you are a responsible gambler there is no con and  to you, you take it positively.

It must be a good feeling when you gamble a dump coin and then you win but at the same time that coin pumps too because your profits are going to double or triple in an instant. I will only hesitate using the crypto for betting when it was pumping already because to me I feel that I can incur more losses if ever I don't win.

Most gambling sites right now can display the real time price of the cryptos (in fiat value) so there is no need for us to check the crypto outside the site we are playing. This can save us a lot of time. Being a responsible gambler doesn't mean that you are not playing for profit, so there is still con's to you, not only pro's.

Well no gambling is a source of permanent income. Its easy money and it goes easy.
I have seen people happy having a lot of money and in the next moment - the whole money is gone or hacked. My brother faces the loss and he was not much upset. But that is real and one should not ruin ones hard earned money in gambling.

Gambling earnings will not show up everyday since there are what we call bad days to each gambler,I see some several people earns huge amount of money from gambling but unfortunately some of them got busted back again when they keep playing while their luck faiding out. Your brother faces heavy losses because he maybe think that he can multiply his money quickly. And since you are near to him better you comfort him and make him understand the whole situation.

[TheGreatPython]

We know how so fun to play gambling this is the purpose of it to give an entertainment business with this kind of activity both a win-win situation they bring entertainment to their users at the same time they are earning some assets of course not all the time it's in favor of the gambling platforms because they have the Good RTP events, it depends now to the player of they will make this brings up if they are going to make a good shot to play and risk or just a casual game. Many people win this game instantly at a good profit and of course, there's is some of those people who loses a lot of they will keep playing just to earn back their loses.

This is what gamblers need to understand that the casino owners are mainly providing games (not money) to make someone entertained because I still see lots of complaints saying that they didn't win but only lose all their money. That's normal if they lose because they used it to pay for the services offered by the casinos. No doubt that casinos sometimes risk a huge amount of money for promotions and bonuses.

It's only up to their customers if they will withdraw this money or they will use it for playing. Casinos can still recover this if ever players get addicted and spend more, and not all those who play can win but casinos can always make a profit.

[Lucasgabd]

One of the biggest advantages is that you can of course gamble relatively anonymously. However, that is becoming less, more and more sites are asking for a KYC, whether mandatory or not. Another big advantage is that the payments are processed fairly quickly after 1 or 2 confirmations on the network and that you normally do not have to deal with limits when you want to deposit money into your account.

maybe, anonymity is getting compromised each day as casinos are implementing kyc to their players. however, there are still several reputable casinos here that don't strictly require kyc. but on the other hand, we can get good list of advantages of using an online casino. for me, you can access this anywhere you want, unlike physical casinos where you need to visit the site just to play. the list can go on and on but at the end of the day, every gambler has their own preferences. so it is up to them what is their priority at a given time period.

I think we'll always have options with KYC and without it
with regulations becoming more strict worldwide we'll probably see websites that didn't have KYC before implement it
but this will just make others who want to be out of the radar start and get this part of the market that don't want to KYC.

[mindrust]

Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .

That's true for all kinds of gambling, whether it is crypto gambling or not it doesn't matter. If you see gambling as a job, then you are making a big mistake.

I also agree with most of your pro's but crypto gambling isn't really decentralized as you said. There used to be a casino called directbet.eu and it was almost the perfect decentralized casino and I've never seen anything better they left the business.

Crypto itself is decentralized yes but crypto casinos are centralized.

[tabas]

Hard in a way that they are hard to be trusted. Because there's no reputation yet and we want to make sure that we're gambling to the correct one.
But to avoid that confusion and worry, it's better to gamble into the casino that had a name already and reputation built so that you'll just have fun and focus if you're into trying to multiple your money in there.

Stick with reputable or known ones then you would be safe but always mindful about the risk because even though they are reputable doesnt mean that you could trust them 100%
which means that only deposit on the amount which you can afford to lose not on the sense on playing gambling but also that hacking incident or the site itself would become a scam.
Cant really be determined though if it would happen or not ahead but you arent that dumb for not to notice on something.

There's no problem if they are truly reputable. The thing about the risk with what you're saying is about the risk of losing anytime you gamble. It's always there and it is unsure that you're lucky at all times, well those things are already predetermined when you gamble.
There's nothing to worry about if that's the thing of the risk that you're telling and being hacked and scammed is up to the user.

[Finestream]

Crypto gambling is worth it or not will depend on you because crypto is a tool like money you use to gamble. While gambling can be bad for you if you don't have enough self-control. But gambling is a form of entertainment for people who want to play various games.

If you can treat gambling properly, whether it's crypto or fiat gambling, then you don't have to worry about the consequences and maybe you can also minimize the losses that will occur later.

  Regardless if its fiat or crypto, gambling will always be a source of loss if you always see it as a way to double your money, or to get rich quickly. But if you gamble just for fun and a little bit of gains, gambling may become even profitable. The pros and cons of gambling will always be there, the reason why gamblers should never expect winnings all the time as gambling could be even more risky especially if you cannot manage handling its risks.

[KTChampions]

Stick with reputable or known ones then you would be safe but always mindful about the risk because even though they are reputable doesnt mean that you could trust them 100%
which means that only deposit on the amount which you can afford to lose not on the sense on playing gambling but also that hacking incident or the site itself would become a scam.
Cant really be determined though if it would happen or not ahead but you arent that dumb for not to notice on something.

There's no problem if they are truly reputable. The thing about the risk with what you're saying is about the risk of losing anytime you gamble. It's always there and it is unsure that you're lucky at all times, well those things are already predetermined when you gamble.
There's nothing to worry about if that's the thing of the risk that you're telling and being hacked and scammed is up to the user.

There are always risks, no matter what the reputation is, so advice about the size of the deposit and other security is relevant. For example, I have not heard that the LUNA project has any reputation problems (at least more than other top projects), but nevertheless it was reset in just a couple of days. This does not apply to gambling (or vice versa applies lol) but as an example it fits well.

[lalabotax]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

[mirakal]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

We cannot literally blame them because that is their way to somehow enjoy life and that's what they are used to do, nevertheless if they knew that they are not that lucky with that kind of activities but still they chose to do because every gambler have their own certain reason why they kept on doing such activity even if it doesn't help them that much.

[DoublerHunter]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

We cannot literally blame them because that is their way to somehow enjoy life and that's what they are used to do, nevertheless if they knew that they are not that lucky with that kind of activities but still they chose to do because every gambler have their own certain reason why they kept on doing such activity even if it doesn't help them that much.

^ Probably the reason could be they enjoyed the game that somehow the money does not a problem or they can afford what they have spent in gambling.
There are people who gambling is their life, most of them are those people who live alone and nobody can talk, I know this because I have a friend that is so much addictive to gambling. There are too many pros and cons to gambling, but it is a matter of how to discipline ourselves and must be aware of the negative consequences that waiting ahead, as they said, be a responsible gambler and you will be fine, always remember that gambling is an entertainment purpose only not a money maker.

[tabas]

There's no problem if they are truly reputable. The thing about the risk with what you're saying is about the risk of losing anytime you gamble. It's always there and it is unsure that you're lucky at all times, well those things are already predetermined when you gamble.
There's nothing to worry about if that's the thing of the risk that you're telling and being hacked and scammed is up to the user.

There are always risks, no matter what the reputation is, so advice about the size of the deposit and other security is relevant. For example, I have not heard that the LUNA project has any reputation problems (at least more than other top projects), but nevertheless it was reset in just a couple of days. This does not apply to gambling (or vice versa applies lol) but as an example it fits well.

Yeah, much better if it's about the deposit of trying out. Just only deposit with the minimum amount that you can afford. It is a test that you'll be okay to lose all of it at once. Well, that fiasco that Luna/UST surely can be a comparison to this but I'm sure many would choose that path rather than choosing to gamble with a casino. In fact, I'm seeing a lot of them including my friends that are going crazy monitoring the price. As for me, I'm not happy with my gains there. Too little. 

[Maslate]

There's no problem if they are truly reputable. The thing about the risk with what you're saying is about the risk of losing anytime you gamble. It's always there and it is unsure that you're lucky at all times, well those things are already predetermined when you gamble.
There's nothing to worry about if that's the thing of the risk that you're telling and being hacked and scammed is up to the user.

There are always risks, no matter what the reputation is, so advice about the size of the deposit and other security is relevant. For example, I have not heard that the LUNA project has any reputation problems (at least more than other top projects), but nevertheless it was reset in just a couple of days. This does not apply to gambling (or vice versa applies lol) but as an example it fits well.

Yeah, much better if it's about the deposit of trying out. Just only deposit with the minimum amount that you can afford. It is a test that you'll be okay to lose all of it at once. Well, that fiasco that Luna/UST surely can be a comparison to this but I'm sure many would choose that path rather than choosing to gamble with a casino. In fact, I'm seeing a lot of them including my friends that are going crazy monitoring the price. As for me, I'm not happy with my gains there. Too little. 

Well, true, learn how to control the risk and don't bet on one site alone. Even when saving your money in the bank, you don't put everything in one bank so you'll be able to minimize the risk, I mean anything could happen, a good reputation could go bad in an instant, so without risk management, you are putting your money in danger.

Personally, I don't gamble on one gambling site only, I choose to explore and spread my money on reputable gambling sites.

[tabas]

Yeah, much better if it's about the deposit of trying out. Just only deposit with the minimum amount that you can afford. It is a test that you'll be okay to lose all of it at once. Well, that fiasco that Luna/UST surely can be a comparison to this but I'm sure many would choose that path rather than choosing to gamble with a casino. In fact, I'm seeing a lot of them including my friends that are going crazy monitoring the price. As for me, I'm not happy with my gains there. Too little.  

Well, true, learn how to control the risk and don't bet on one site alone. Even when saving your money in the bank, you don't put everything in one bank so you'll be able to minimize the risk, I mean anything could happen, a good reputation could go bad in an instant, so without risk management, you are putting your money in danger.

Personally, I don't gamble on one gambling site only, I choose to explore and spread my money on reputable gambling sites.

It's okay to bet on one casino as long as it's a reputable one and you've got experience with it. I prefer not to jump as much as I can if I'm enjoying myself and I've tested the casino.
But if it's about putting your money, it's true that you don't deposit everything you've got. Always be cautious that you shouldn't do that because you need to be wise as you gamble.
Should you win and that's when you decide if you'll continue with all that you've got including that money you've won.

[Sirait]

(...)

cut

I am not familiar with this one. I'm lucky that all of the gambling sites that I currently playing at doesn't have that high withdrawal limits, I think it is one of their strategy so some players will keep wagering their money until they lose as playing more would have a high chance that you would lose.

I also thought this, playing on gambling sites that charge cheap withdrawal fees is a fortune. are you actively playing in gamdom too? i play quite often on gamdom and find that the withdrawal fees they charge are almost zero, besides that there is no KYC and also minimum withdrawals like other gambling sites.

[wxa7115]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

People focus too much on the extremes, those that are professional gamblers and those that are addicted to gambling are but a very small part of the community of gamblers.

Most gamblers are simply common people that like to add a little bit of excitement to their lives by taking a risk with their money and I do not see anything wrong with that, after all as long as people do not bet  money they cannot afford to lose then they should be free to do whatever they want with it.

[bitbollo]

...
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
...

Gambling is never a source of profit, excluding certain categories of professionals (see professional poker) and people who are truly skilled in certain sports (who practically turn to events globally to place live bets).

Gambling is a great way to "have fun", get distracted, feel an emotion, but it should never be seen as a source of profit.

Even if it becomes a source of profit, (therefore a bettor able to win a decent amount) you must always check how many hours he has dedicated to it and how much he has risked (i.e. the capital played/instruments like laptop, internet connections, magazines etc)
.
You realize that it took him XX hours of his time to win XXX USD in one day.
An amount that cannot be won consistently, and a very small amount when compared to a gain that could come from another hobby or playful activity (such as "being a dog sitter!")

[mirakal]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

We cannot literally blame them because that is their way to somehow enjoy life and that's what they are used to do, nevertheless if they knew that they are not that lucky with that kind of activities but still they chose to do because every gambler have their own certain reason why they kept on doing such activity even if it doesn't help them that much.

^ Probably the reason could be they enjoyed the game that somehow the money does not a problem or they can afford what they have spent in gambling.
There are people who gambling is their life, most of them are those people who live alone and nobody can talk, I know this because I have a friend that is so much addictive to gambling. There are too many pros and cons to gambling, but it is a matter of how to discipline ourselves and must be aware of the negative consequences that waiting ahead, as they said, be a responsible gambler and you will be fine, always remember that gambling is an entertainment purpose only not a money maker.

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

[og kush420]

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

[TimeTeller]

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Does it mean that your region is allowing the online casinos to operate but physical casinos are banned?
Maybe, your government can see the positive side now of allowing casinos to do their business owed to the pandemic.
Because during this pandemic, online gambling is one of the businesses that really thrived  and survived.
If they will allow it, and just get the taxes out of it, they can benefit from it, but the online casinos should be legally under their jurisdiction.
If not, they can't get something out of it especially those without gaming licenses. Maybe, they will change their minds now when it comes to traditional gambling.

[Lucasgabd]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

and like many of the cool things in life sometimes it's hard to tell the difference between passion and addiction
(ask your favorite artist...)

the main difference between the vaccine and the poison could be the dose
if gambling is not making your life worse and if you can control yourself and use good risk management to not blow your account, why not?

[michellee]

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

[iv4n]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

and like many of the cool things in life sometimes it's hard to tell the difference between passion and addiction
(ask your favorite artist...)

the main difference between the vaccine and the poison could be the dose
if gambling is not making your life worse and if you can control yourself and use good risk management to not blow your account, why not?

Lucasgabd has a point! It's a thin line between passion and addiction, but that's the case when we enjoy doing something! And if we don't know how to control our passions they can eat us, literally! Gambling faster than something else, that's for sure! And I agree that the difference between vaccine and poison could be in dose, and that's a good lesson about why it's important to have some kind of control over things we do! Risk management is actually an awareness of all pros and cons when doing something! What to watch for and when to be extra careful!

In my case gambling is worth as long as we treat it as entertainment! Even if we lose that can be an affordable loss, we pay for every fun anyway, I am from those people who enjoy spending money on gambling more than on some other stuff!

[Lucasgabd]

<...>

and like many of the cool things in life sometimes it's hard to tell the difference between passion and addiction
(ask your favorite artist...)

the main difference between the vaccine and the poison could be the dose
if gambling is not making your life worse and if you can control yourself and use good risk management to not blow your account, why not?

Lucasgabd has a point! It's a thin line between passion and addiction, but that's the case when we enjoy doing something! And if we don't know how to control our passions they can eat us, literally! Gambling faster than something else, that's for sure! And I agree that the difference between vaccine and poison could be in dose, and that's a good lesson about why it's important to have some kind of control over things we do! Risk management is actually an awareness of all pros and cons when doing something! What to watch for and when to be extra careful!

In my case gambling is worth as long as we treat it as entertainment! Even if we lose that can be an affordable loss, we pay for every fun anyway, I am from those people who enjoy spending money on gambling more than on some other stuff!

propension for addiction and hability to control for sure has some relationship with genetics and brain chemistry too, it's interesting

I've been playing a lot of chess and I noticed how it affects my mood, I have to take care to to become grumpy if I lose a lot.
tricky...

on gambling, if you know yourself enough that in some situations you have the propensity to spend more than you expected, limiting total bankroll available for the game is probably one of the best strategies.

[panjul07]

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

If gambling is the main problem, bitcoin should not be the one to be banned but gambling itself.
We all know there are many illegal activities in this world, government should be wise to do an action.
How if there is no crypto and most gamblers are gambling using fiat currency?
Will the government ban the fiat currency? Pretty sure it wont happen.

[mirakal]

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Surely your region/country have just banned physical or offline casinos and not the sites on the internet where almost anyone in your region can gamble, maybe you and your fellow citizens don't know much about that. But yes, you're right because when bitcoin came it gave more exposure and introduced online casinos.

[Smartvirus]

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Surely your region/country have just banned physical or offline casinos and not the sites on the internet where almost anyone in your region can gamble, maybe you and your fellow citizens don't know much about that. But yes, you're right because when bitcoin came it gave more exposure and introduced online casinos.

Bans on physical gambling platforms be it casinos or sporst betting is possible and archiveable but when it comes to online gambling, it is something that, you cannot completely regulate, not even by the gambling sites themselves.
These days, we've got VPN and these apps work quiet well especially, the paid or subscribed once. They by pass all the restrictions upon a nation and makes the plans of the government unachievable.

Gambling has been a menace to those that haven't got the know how and for these few, gambling is painted black and seems like a vice as in the times of old. That's why it's reserves for the matures mind, those that understand how to take risk and have a steady flow of income.

[michellee]

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

If gambling is the main problem, bitcoin should not be the one to be banned but gambling itself.
We all know there are many illegal activities in this world, government should be wise to do an action.
How if there is no crypto and most gamblers are gambling using fiat currency?
Will the government ban the fiat currency? Pretty sure it wont happen.

There is a possibility that the government will still ban or prohibit gambling because there are already many problems with addiction that occur in many countries. But maybe this is not widely reported so we think people who play gambling look okay. The presence of crypto in gambling has indeed provided a way for gamblers to play anonymously without anyone knowing. Yes, the government needs to be wise with regard to gambling issues so it is likely that the actions that will be taken by each government will vary depending on the situation and conditions that occur in their country.

[LUCKMCFLY]

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

[arwin100]

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

Maybe the expectation to earn a lot of money make people fantasies something in gambling and if we look at certain scenarios we can figure out that this is hard to achieve knowing that mostly the house always win and their gamblers end up losing their money in quick scenario.

Cons maybe the capacity to lose our money is so huge so most provably that we need to be more careful since living on unrealistic scenario that we can win is so dangerous.

[Lucasgabd]

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

Maybe the expectation to earn a lot of money make people fantasies something in gambling and if we look at certain scenarios we can figure out that this is hard to achieve knowing that mostly the house always win and their gamblers end up losing their money in quick scenario.

Cons maybe the capacity to lose our money is so huge so most provably that we need to be more careful since living on unrealistic scenario that we can win is so dangerous.

anything that creates a fake scenario that makes us ignore reality for a long period of time is a con imo.
better to have a rough true than a lie that makes us comfortable in a scenario where we can work and fight to create a better situation on our lives.
so... when approaching gambling it's probably better to know the game odds or be completely comfortable on losing all the play money... it could happen

[goldkingcoiner]

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

I think you can win a lot of money in any online gambling casino regardless of whether or not it offers crypto as the gambling payout. Crypto is just way easier to manage and leaves behind less of an obvious paper trail that you were involved in gambling in the first place. Of course, if you do KYC then that point is moot but I see no reason to do KYC unless you are wanting to secure your funds legally, in case something happens to the casino.

If you were going to invest your winnings in crypto anyway, this way you would not have to do extra work. Not so much of a bonus though.

[Renampun]

...

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

[South Park]

...

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

What happens is that cryptocurrencies are a game changer, to open a bank account even if it is a relatively fast process you need some personal data in order to create one, while in order to create a bitcoin wallet you can do so in a matter of minutes without that data, so creating an account in a cryptocurrency casino is also faster and more convenient, this is making a lot of people to prefer cryptocurrency casinos, and when we add that some of them offer decent privacy then the fact that there will be nothing suspicious in your bank statements related to your gambling activities is without a doubt a plus, especially in the countries in which gambling is forbidden and you could get in trouble by doing so.

[traderethereum]

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

The convenience provided by crypto gambling sites provides opportunities for people who have never played gambling before.
By simply buying the coins they want and depositing them on a gambling site, they can start playing right away.
Even though in your country gambling is not prohibited, you still have to limit yourself in playing gambling because the addiction factor can come to you.
If you can get referrals from groups on Facebook, you can also earn from gambling.

[Uang_kartal]

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

The convenience provided by crypto gambling sites provides opportunities for people who have never played gambling before.
By simply buying the coins they want and depositing them on a gambling site, they can start playing right away.
Even though in your country gambling is not prohibited, you still have to limit yourself in playing gambling because the addiction factor can come to you.
If you can get referrals from groups on Facebook, you can also earn from gambling.

OK, I understand what you mean, gambling can't be separated from trying and making a deposit. We underline about crypto. I once shared my experience in the beginning of getting crypto giveaways, airdrops or bounties, it was all done with free capital (when I was still a layman and a newbie) that's true it really pleased me. maybe at that time there weren't many gambling sites that I knew of either the crypto cash system or payment methods about this other than fiat or digital deposits. this was very easy because it didn't use bank account money or other funds. but that's the impression I get crypto and its support for the ease of accepting cash deposits makes it easy and now it has become a trend and excellent feature in gambling companies. We know that crypto owners and users are increasing

[d3nz]

The convenience provided by crypto gambling sites provides opportunities for people who have never played gambling before.
By simply buying the coins they want and depositing them on a gambling site, they can start playing right away.

Overall, this is for people who don't want to travel and not to feel the inconvenience of making a reservation in a hotel and gamble their money. The good thing about crypto gambling is that you can withdraw and deposit anytime you want, and not like when you try to make a transaction using your bank, you will be questioned since they are following the Anti-money laundering law.

The only problem with some gambling sites is requiring the KYC, and if you're doubt about your information uploading it online then it would be a problem if the gambling site is also following the AMLA.

[Reatim]

...

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

maybe it is best to clear what does that EASIER means ,

this is about gambling nowadays easy to access and done , but still harder to win .

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

gambling is only banned in few countries , specially Muslim countries If I am not mistaken , in mine as well we are open to gamble anywhere as long as in legit places .

but of course there are local gambling that happening here and there secretly .

[Slow death]

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

I think you can win a lot of money in any online gambling casino regardless of whether or not it offers crypto as the gambling payout. Crypto is just way easier to manage and leaves behind less of an obvious paper trail that you were involved in gambling in the first place. Of course, if you do KYC then that point is moot but I see no reason to do KYC unless you are wanting to secure your funds legally, in case something happens to the casino.

If you were going to invest your winnings in crypto anyway, this way you would not have to do extra work. Not so much of a bonus though.

at this point of using cryptocurrencies I advise people to use bitcoin because altcoins are already proven that they can drop to almost 0$ and the person will lose all the money they have, after this problem that Luna had people need to be very careful with altcoins so that even when they win big in casinos at the end of the day don't lose everything because the altcoin they used drops to almost 0$

...

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

maybe it is best to clear what does that EASIER means ,

this is about gambling nowadays easy to access and done , but still harder to win .

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

gambling is only banned in few countries , specially Muslim countries If I am not mistaken , in mine as well we are open to gamble anywhere as long as in legit places .

but of course there are local gambling that happening here and there secretly .

In my country, there are clear laws about gambling, and people are allowed to gamble without problems as long as they don't play in the street where minors are also playing. there are websites and many gambling companies in my country.

[Oasisman]

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

Banning Bitcoin doesn't necessarily mean you will totally lose access to cryprocurrency. There are actually a lot of tools to bypass blocked websites and exchanges in your country.
In fact, there are also a lot of alts you can use to gamble, not only for Bitcoin. So, I guess their government won't bother tracking down gambling activities in crypto space.

[dataispower]

Banning Bitcoin doesn't necessarily mean you will totally lose access to cryprocurrency. There are actually a lot of tools to bypass blocked websites and exchanges in your country.
In fact, there are also a lot of alts you can use to gamble, not only for Bitcoin. So, I guess their government won't bother tracking down gambling activities in crypto space.

You no you are misunderstanding some thing also. Their is difference between digital currency and cryptocurrency at first. It's quiet understood that Bitcoin is the most superior function of cryptocurrency. When is being banned out of cryptocurrency, the chance of other coins dying off is close. I'm not saying that you not have access to other cryptocurrencies but. No body will likely to invest it funds to any of cryptocurrency. Because were it started has being cut off. Even you will dislike cryptocurrency. Except Bitcoin which of coins is making cryptocurrency to potential and influential. When you outside there, the only coin that is popular in cryptocurrency, is Bitcoin

[wiss19]

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

Bitcoin is shady and hard to some so not all people are converting with bitcoin but if they are very eager to gamble then they will face their fears and use bitcoin like they are being forced. If they can still continue to play gambling using bitcoin, that means that only the local/offline gambling is banned but online gambling are legal on their country.

Bitcoins are money and it's up to the person if what cases they will use their bitcoin. I see no problem if they use their bitcoin only for the sole purpose of gambling. There are even people that don't ever use their bitcoins on buying or on any thing other hodling it and treat it as a typical investment asset.

[Distinctin]

The convenience provided by crypto gambling sites provides opportunities for people who have never played gambling before.
By simply buying the coins they want and depositing them on a gambling site, they can start playing right away.

Overall, this is for people who don't want to travel and not to feel the inconvenience of making a reservation in a hotel and gamble their money. The good thing about crypto gambling is that you can withdraw and deposit anytime you want, and not like when you try to make a transaction using your bank, you will be questioned since they are following the Anti-money laundering law.

The only problem with some gambling sites is requiring the KYC, and if you're doubt about your information uploading it online then it would be a problem if the gambling site is also following the AMLA.

There's nothing to be afraid of if these specific gambling sites will require some KYC upon withdrawal, they're just following some lawful order and it's not like they will use that information of yours in other shady businesses. That is why choosing some popular and trusted gambling sites is a must to avoid using your information for other things.

If a certain gambler still doesn't want to provide his KYC then he/she needs to find another gambling site which don't require KYC or a physical casino is the last resort.

[wxa7115]

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

While I personally do not think there is nothing wrong with gambling and obtaining some entertainment out of it those people need to be careful, while there are some countries that do not put too much weight to a law like that and let people gamble even if they know it is forbidden, there are other places in which this is not true and gamblers are actively hunted down.

So not only it is important to use cryptocurrencies, you also need to hide your gambling activities from your ISP as there is no doubt they could eventually report you to the local authorities and you could get in trouble for gambling in a country in which this is illegal.

[mirakal]

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Surely your region/country have just banned physical or offline casinos and not the sites on the internet where almost anyone in your region can gamble, maybe you and your fellow citizens don't know much about that. But yes, you're right because when bitcoin came it gave more exposure and introduced online casinos.

Bans on physical gambling platforms be it casinos or sporst betting is possible and archiveable but when it comes to online gambling, it is something that, you cannot completely regulate, not even by the gambling sites themselves.
These days, we've got VPN and these apps work quiet well especially, the paid or subscribed once. They by pass all the restrictions upon a nation and makes the plans of the government unachievable.

Gambling has been a menace to those that haven't got the know how and for these few, gambling is painted black and seems like a vice as in the times of old. That's why it's reserves for the matures mind, those that understand how to take risk and have a steady flow of income.

Yes, these restrictions are easy to bypass for someone who knows how to work some ways on the internet and almost every tool can be seen in the internet on how to do these things but these things won't workout well if that specific country have a strict government as they also do some traces.

Even up to now, gambling has also becomes a vice in modern age and it will remain that way in many years to come. Lucky for the ones who have the right mindset when it comes to gambling.

[Fatunad]

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Surely your region/country have just banned physical or offline casinos and not the sites on the internet where almost anyone in your region can gamble, maybe you and your fellow citizens don't know much about that. But yes, you're right because when bitcoin came it gave more exposure and introduced online casinos.

Bans on physical gambling platforms be it casinos or sporst betting is possible and archiveable but when it comes to online gambling, it is something that, you cannot completely regulate, not even by the gambling sites themselves.
These days, we've got VPN and these apps work quiet well especially, the paid or subscribed once. They by pass all the restrictions upon a nation and makes the plans of the government unachievable.

Gambling has been a menace to those that haven't got the know how and for these few, gambling is painted black and seems like a vice as in the times of old. That's why it's reserves for the matures mind, those that understand how to take risk and have a steady flow of income.

Yes, these restrictions are easy to bypass for someone who knows how to work some ways on the internet and almost every tool can be seen in the internet on how to do these things but these things won't workout well if that specific country have a strict government as they also do some traces.

Even up to now, gambling has also becomes a vice in modern age and it will remain that way in many years to come. Lucky for the ones who have the right mindset when it comes to gambling.

There would really be differences into those people who are really that tech savy or does know on how internet works and on what are things needed whenever you do really intent on how to access
despite of being blocked or prohibited which it wont really be that totally a problem if ever gambling was restricted or really that not allowed which we know that we do have net
where we could really still access things if we wanted to but of course there would be corresponding risk attached to it.

[traderethereum]

OK, I understand what you mean, gambling can't be separated from trying and making a deposit. We underline about crypto. I once shared my experience in the beginning of getting crypto giveaways, airdrops or bounties, it was all done with free capital (when I was still a layman and a newbie) that's true it really pleased me. maybe at that time there weren't many gambling sites that I knew of either the crypto cash system or payment methods about this other than fiat or digital deposits. this was very easy because it didn't use bank account money or other funds. but that's the impression I get crypto and its support for the ease of accepting cash deposits makes it easy and now it has become a trend and excellent feature in gambling companies. We know that crypto owners and users are increasing

That is what crypto means to make it easy for people who play gambling, even ordinary people because they know enough about how to buy crypto, make transactions and send and receive crypto.
It's really fun because it gives us something new that is different from using fiat and we don't have to use a bank account to gamble.
From here, crypto users slowly began to increase and now the number of crypto users has increased even though most of the world's population is not yet comfortable using it.
But really, using crypto does make it easier for people to do at least 2 things, such as have investments and make payments.

Overall, this is for people who don't want to travel and not to feel the inconvenience of making a reservation in a hotel and gamble their money. The good thing about crypto gambling is that you can withdraw and deposit anytime you want, and not like when you try to make a transaction using your bank, you will be questioned since they are following the Anti-money laundering law.

The only problem with some gambling sites is requiring the KYC, and if you're doubt about your information uploading it online then it would be a problem if the gambling site is also following the AMLA.

Gambling sites will implement KYC for all their users as they are advised by local regulators.
But there are still some gambling sites that still provide the freedom to play gambling without doing KYC.
Apart from withdrawing and depositing whenever we want, some casinos give users the opportunity to invest in that place and get a share of the prizes provided and of course, this will attract the interest of gamblers as well as investors.

[TheGreatPython]

at this point of using cryptocurrencies I advise people to use bitcoin because altcoins are already proven that they can drop to almost 0$ and the person will lose all the money they have, after this problem that Luna had people need to be very careful with altcoins so that even when they win big in casinos at the end of the day don't lose everything because the altcoin they used drops to almost 0$

Not all altcoins are scams that can drop to almost zero like what happened with luna/ust recently. Also luna and ust are I think not yet accepted in many gambling sites so no need to worry though there are lots of altcoins that is accepted, that is because not all people are willing to use their bitcoin because they think it was too valuable to gamble and apart from it, bitcoin can sometimes have a higher transaction fee and slow-moving in terms of depositing and withdrawing it but these known issues in bitcoin are not felt in many altcoins.

You are lucky that your country isn't strict in gambling. They are only concerned about the minors and not on the adults whether they became addicted or not because they are already on their right age, they know if what is wrong and right.

[Distinctin]

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

While I personally do not think there is nothing wrong with gambling and obtaining some entertainment out of it those people need to be careful, while there are some countries that do not put too much weight to a law like that and let people gamble even if they know it is forbidden, there are other places in which this is not true and gamblers are actively hunted down.

So not only it is important to use cryptocurrencies, you also need to hide your gambling activities from your ISP as there is no doubt they could eventually report you to the local authorities and you could get in trouble for gambling in a country in which this is illegal.

Yes mate, there's totally nothing wrong in gambling if you're goal is to just have some fun and get entertained or forget the outside world for the meantime. But, if the governments ban these activities then it's much better to obey the law because going against it might be your biggest regret in your life as that choice could lead you to be punished if caught or worse serve some jail time.

[mirakal]

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Surely your region/country have just banned physical or offline casinos and not the sites on the internet where almost anyone in your region can gamble, maybe you and your fellow citizens don't know much about that. But yes, you're right because when bitcoin came it gave more exposure and introduced online casinos.

Bans on physical gambling platforms be it casinos or sporst betting is possible and archiveable but when it comes to online gambling, it is something that, you cannot completely regulate, not even by the gambling sites themselves.
These days, we've got VPN and these apps work quiet well especially, the paid or subscribed once. They by pass all the restrictions upon a nation and makes the plans of the government unachievable.

Gambling has been a menace to those that haven't got the know how and for these few, gambling is painted black and seems like a vice as in the times of old. That's why it's reserves for the matures mind, those that understand how to take risk and have a steady flow of income.

Yes, these restrictions are easy to bypass for someone who knows how to work some ways on the internet and almost every tool can be seen in the internet on how to do these things but these things won't workout well if that specific country have a strict government as they also do some traces.

Even up to now, gambling has also becomes a vice in modern age and it will remain that way in many years to come. Lucky for the ones who have the right mindset when it comes to gambling.

There would really be differences into those people who are really that tech savy or does know on how internet works and on what are things needed whenever you do really intent on how to access
despite of being blocked or prohibited which it wont really be that totally a problem if ever gambling was restricted or really that not allowed which we know that we do have net
where we could really still access things if we wanted to but of course there would be corresponding risk attached to it.

That is exactly my point, these said restrictions are just easy to get through if you're that someone who is tech savy or at least knows the basic because as I said, almost all of the ways and tools are provided in the internet. With just one search, you can already find a lot of help either through article (word) or YouTube (video).

[Lucasgabd]

The convenience provided by crypto gambling sites provides opportunities for people who have never played gambling before.
By simply buying the coins they want and depositing them on a gambling site, they can start playing right away.

Overall, this is for people who don't want to travel and not to feel the inconvenience of making a reservation in a hotel and gamble their money. The good thing about crypto gambling is that you can withdraw and deposit anytime you want, and not like when you try to make a transaction using your bank, you will be questioned since they are following the Anti-money laundering law.

The only problem with some gambling sites is requiring the KYC, and if you're doubt about your information uploading it online then it would be a problem if the gambling site is also following the AMLA.

yes, for the crypto to fiat conversion this will vary from country to country... some countries will tax it more, others won't tax it at all
and even if you leave in a country that tax it a lot if you find a good lawyer they can help you with setting up companies abroad all legally in a jurisdiction that is more favorable to crypto...

[passwordnow]

Not all altcoins are scams that can drop to almost zero like what happened with luna/ust recently. Also luna and ust are I think not yet accepted in many gambling sites so no need to worry though there are lots of altcoins that is accepted, that is because not all people are willing to use their bitcoin because they think it was too valuable to gamble and apart from it, bitcoin can sometimes have a higher transaction fee and slow-moving in terms of depositing and withdrawing it but these known issues in bitcoin are not felt in many altcoins.

If there is another altcoin that's widely accepted and followed the fiasco of Luna/UST then, many casinos that have it on their list will start delisting and stop supporting it.
And talking with bitcoin gambling, we all have our thoughts about spending it. Many won't think about it as they're keeping it for holds and they're okay to spend the altcoins that they have instead of bitcoin. But there goes the rich ones, they've got plenty of it and it's not a matter of problem whether they win or lose bitcoin.

[bitbollo]

The convenience provided by crypto gambling sites provides opportunities for people who have never played gambling before.
By simply buying the coins they want and depositing them on a gambling site, they can start playing right away.

Overall, this is for people who don't want to travel and not to feel the inconvenience of making a reservation in a hotel and gamble their money. The good thing about crypto gambling is that you can withdraw and deposit anytime you want, and not like when you try to make a transaction using your bank, you will be questioned since they are following the Anti-money laundering law.

The only problem with some gambling sites is requiring the KYC, and if you're doubt about your information uploading it online then it would be a problem if the gambling site is also following the AMLA.

I don't know how it works in your country but in Italy (EU) you must have large quantities handled before risking an anti-money laundering investigation related gambling.
And in general, if you have a salary / income to justify certain bets, you have nothing to risk even with bets in FIAT currency.

You may have more trouble when trying to convert large winnings into crypto .... you have to justify money earned in crypto and how you have exchanged from FIAT!

[og kush420]

I don't know how it works in your country but in Italy (EU) you must have large quantities handled before risking an anti-money laundering investigation related gambling.
And in general, if you have a salary / income to justify certain bets, you have nothing to risk even with bets in FIAT currency.

You may have more trouble when trying to convert large winnings into crypto .... you have to justify money earned in crypto and how you have exchanged from FIAT!

I think it's everywhere there - that one has to prove the source of income. Where the money is coming from.
It is same in our country too.
But one of the advantage of crypto is - since gambling is prohibited in our country - people can make money online. And get benefited.

[Lucasgabd]

Not all altcoins are scams that can drop to almost zero like what happened with luna/ust recently. Also luna and ust are I think not yet accepted in many gambling sites so no need to worry though there are lots of altcoins that is accepted, that is because not all people are willing to use their bitcoin because they think it was too valuable to gamble and apart from it, bitcoin can sometimes have a higher transaction fee and slow-moving in terms of depositing and withdrawing it but these known issues in bitcoin are not felt in many altcoins.

If there is another altcoin that's widely accepted and followed the fiasco of Luna/UST then, many casinos that have it on their list will start delisting and stop supporting it.
And talking with bitcoin gambling, we all have our thoughts about spending it. Many won't think about it as they're keeping it for holds and they're okay to spend the altcoins that they have instead of bitcoin. But there goes the rich ones, they've got plenty of it and it's not a matter of problem whether they win or lose bitcoin.

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

[LUCKMCFLY]

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

Maybe the expectation to earn a lot of money make people fantasies something in gambling and if we look at certain scenarios we can figure out that this is hard to achieve knowing that mostly the house always win and their gamblers end up losing their money in quick scenario.

Cons maybe the capacity to lose our money is so huge so most provably that we need to be more careful since living on unrealistic scenario that we can win is so dangerous.

anything that creates a fake scenario that makes us ignore reality for a long period of time is a con imo.
better to have a rough true than a lie that makes us comfortable in a scenario where we can work and fight to create a better situation on our lives.
so... when approaching gambling it's probably better to know the game odds or be completely comfortable on losing all the play money... it could happen

It is that games of chance always open up to the possibility that you can win a lot of money with the least possible effort just by being lucky, that is what many are struck by, but of course they do not take into account the more real side that is losing, and losing is the safest thing to have when we enter gambling, be it online or in a physical casino, if we take into account all these premises, our thinking regarding gambling would change, that is, we would put in context that we would only use the casino to be able to have fun and not as a means of obtaining easy money, because everything is in the hands of luck.

[STT]

Surely its the users of the coins taking the risk in their additional bet upon the prospects of that particular blockchain.  The fees for BTC are often not that great so I dont blame people for using alternatives, its their risk to take.  I presume the casino will allow the use of whatever medium is most popular and likely to facilitate inflows.   The stable coins were always a stepping stone, too many people just stood on it forever expecting too much imo

[AmoreJaz]

Not all altcoins are scams that can drop to almost zero like what happened with luna/ust recently. Also luna and ust are I think not yet accepted in many gambling sites so no need to worry though there are lots of altcoins that is accepted, that is because not all people are willing to use their bitcoin because they think it was too valuable to gamble and apart from it, bitcoin can sometimes have a higher transaction fee and slow-moving in terms of depositing and withdrawing it but these known issues in bitcoin are not felt in many altcoins.

If there is another altcoin that's widely accepted and followed the fiasco of Luna/UST then, many casinos that have it on their list will start delisting and stop supporting it.
And talking with bitcoin gambling, we all have our thoughts about spending it. Many won't think about it as they're keeping it for holds and they're okay to spend the altcoins that they have instead of bitcoin. But there goes the rich ones, they've got plenty of it and it's not a matter of problem whether they win or lose bitcoin.

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

maybe this is one of the reasons why most casinos are keeping their payment list short and loyal to top alts like btc, eth, bnb, ltc. because what happened to luna may possibly happen also to other alts. and this will cause their bankroll to go down if one of their payment methods crashed.
anyway, the casino has their choice to select their own payment methods. just keep their list solid. casino can always add any coin they want but they also need to weigh the pros and cons of adding such coin.

[wxa7115]

Not all altcoins are scams that can drop to almost zero like what happened with luna/ust recently. Also luna and ust are I think not yet accepted in many gambling sites so no need to worry though there are lots of altcoins that is accepted, that is because not all people are willing to use their bitcoin because they think it was too valuable to gamble and apart from it, bitcoin can sometimes have a higher transaction fee and slow-moving in terms of depositing and withdrawing it but these known issues in bitcoin are not felt in many altcoins.

If there is another altcoin that's widely accepted and followed the fiasco of Luna/UST then, many casinos that have it on their list will start delisting and stop supporting it.
And talking with bitcoin gambling, we all have our thoughts about spending it. Many won't think about it as they're keeping it for holds and they're okay to spend the altcoins that they have instead of bitcoin. But there goes the rich ones, they've got plenty of it and it's not a matter of problem whether they win or lose bitcoin.

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

maybe this is one of the reasons why most casinos are keeping their payment list short and loyal to top alts like btc, eth, bnb, ltc. because what happened to luna may possibly happen also to other alts. and this will cause their bankroll to go down if one of their payment methods crashed.
anyway, the casino has their choice to select their own payment methods. just keep their list solid. casino can always add any coin they want but they also need to weigh the pros and cons of adding such coin.

There are probably many reasons for this, the first one is that adding a new coin will always represent additional work for their development team and it is not something that will bring a lot of money as a new and interesting game would, so many casinos are probably not very interested in adding too many coins besides the most important ones in the market.

However another reason is the one you state, if a casino kept some money in an asset that eventually crashed all the way to zero not only they will lose all of that money, but they would have wasted all the time their development team spent on adding that coin to their casino, which signifies a double loss for them.

[Dart18]

I haven't seen a gambling site where they use stablecoins yet. If there is please do share.
I opened my reply there because most cons is the stability of a coin. You bet 1 BTC now which you think should be 30k in USD then it fluctuates down after you win, that means loss.
But this is not the case for those who bet long term. I use BTC as a medium to gamble and I had never came into that kind of problem because my purpose is to accumulate more BTC rather than USD. The cons became a pros, in my case.

[panjul07]

I haven't seen a gambling site where they use stablecoins yet. If there is please do share.

Stablecoins like USDT, USDC or BUSD? Please take a look at Chips.gg, they accept USDC and BUSD
Other site is BK8, they accept USDT (trc20) as one of the payment method.
Betfury is also accepting USDT with 5 different networks as well as BUSD.
One more site that I know is Jacksclub, they accept USDT (erc10).
I believe there are many other sites use stablecoins, you only need to be more active to explore.

[terrorJR]

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

It's true that indirectly they must also be aware that this kind of thing must be seen carefully which coins are worthy and which are not because regardless of anything, of course they also do this for business and in business everyone does not want to feel a loss there even though it is inseparable. of that but minimizing is the right way. therefore apart from managing and managing a good site they must also be able to filter about which coins are suitable for gambling.

[Lucasgabd]

<...>

Maybe the expectation to earn a lot of money make people fantasies something in gambling and if we look at certain scenarios we can figure out that this is hard to achieve knowing that mostly the house always win and their gamblers end up losing their money in quick scenario.

Cons maybe the capacity to lose our money is so huge so most provably that we need to be more careful since living on unrealistic scenario that we can win is so dangerous.

anything that creates a fake scenario that makes us ignore reality for a long period of time is a con imo.
better to have a rough true than a lie that makes us comfortable in a scenario where we can work and fight to create a better situation on our lives.
so... when approaching gambling it's probably better to know the game odds or be completely comfortable on losing all the play money... it could happen

It is that games of chance always open up to the possibility that you can win a lot of money with the least possible effort just by being lucky, that is what many are struck by, but of course they do not take into account the more real side that is losing, and losing is the safest thing to have when we enter gambling, be it online or in a physical casino, if we take into account all these premises, our thinking regarding gambling would change, that is, we would put in context that we would only use the casino to be able to have fun and not as a means of obtaining easy money, because everything is in the hands of luck.

there's luck but there's also math
so... calculate the odds
of course if you're doing just for fun I think is fine, the problem begins when people lose control and gambles compulsively.

[Twinkledoe]

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

It's true that indirectly they must also be aware that this kind of thing must be seen carefully which coins are worthy and which are not because regardless of anything, of course they also do this for business and in business everyone does not want to feel a loss there even though it is inseparable. of that but minimizing is the right way. therefore apart from managing and managing a good site they must also be able to filter about which coins are suitable for gambling.

The casino will incur losses also if in case the alt that they are accepting crashed badly. Because it is already part of their bankroll and if that payment method crashed, it means, their bankroll may be affected if they have large amount of it in their vault. So for casinos which have long list of payment method, they should think of this possible repercussion before it happens to their coins they have.

[Dart18]

I haven't seen a gambling site where they use stablecoins yet. If there is please do share.

Stablecoins like USDT, USDC or BUSD? Please take a look at Chips.gg, they accept USDC and BUSD
Other site is BK8, they accept USDT (trc20) as one of the payment method.
Betfury is also accepting USDT with 5 different networks as well as BUSD.
One more site that I know is Jacksclub, they accept USDT (erc10).
I believe there are many other sites use stablecoins, you only need to be more active to explore.

Thank you for that. I am stuck in just one betting site and I am happy with it. Exploring is kind of a lazy thing to do if you got everything in one that you like. Options for payment and features.
But I still appreciate the effort to share and the input of all the details in it. 

Also, isn't it better to use the new applications now who offers payment in direct USD rather than USDT. Like DraftKings or FanDuel.
In regards with the OP, I think if we talk about pros and cons it should be the difference between things like that. Why bother changing it to USDT and paying tx fees if you can use it directly with USD? Country restrictions?

[Lucasgabd]

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

It's true that indirectly they must also be aware that this kind of thing must be seen carefully which coins are worthy and which are not because regardless of anything, of course they also do this for business and in business everyone does not want to feel a loss there even though it is inseparable. of that but minimizing is the right way. therefore apart from managing and managing a good site they must also be able to filter about which coins are suitable for gambling.

The casino will incur losses also if in case the alt that they are accepting crashed badly. Because it is already part of their bankroll and if that payment method crashed, it means, their bankroll may be affected if they have large amount of it in their vault. So for casinos which have long list of payment method, they should think of this possible repercussion before it happens to their coins they have.

yes, in the end this thoughts have to enter on the same basket as general risk management for your portfolio/investments
not a good idea to put a huge % of your bankroll on something risky like let's say dogecoin
so in the same way, if you're a casino owner and decides to list dogecoin, % of reserves shouldn't be a huge amount of the total
even better if it's <5%

[mindrust]

I see only pros. Taking into account all things that are now happening in the world, crypto is safe and reliable. Withdrawals are usually fast. I used to play at Fairspin, never had problems. As for KYC, I don't agree with people here. It is not solved with crypto. Lots of casinos still request KYC while registering.

Fast withdrawals has nothing to do with crypto. It is a feature of the casino. A bank-wire is as fast as a crypto transaction, most of the time it is faster at least in my country.

KYC kills crypto gambling imo. What's the point of crypto if you are going to send your private documents? Legacy casinos do the same thing so what exactly is the difference between a legacy casino and a crypto casino? They are both centralized in the end. They will share your information with the police when they are asked...

[Finestream]

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

Now i also see the scenario why the government here in my country is attacking bitcoin, not that fiat usage has been low, but the demand for bitcoin has increased due to some gambling activities, aside from those scam activities wherein bitcoin is indirectly involved. As long as bitcoin is not adopted as an alternative currency to fiat, it will always provoke negativity from different parties. And that only the consequences from using bitcoin will always be seen and noticed.

[Fatunad]

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

Now i also see the scenario why the government here in my country is attacking bitcoin, not that fiat usage has been low, but the demand for bitcoin has increased due to some gambling activities, aside from those scam activities wherein bitcoin is indirectly involved. As long as bitcoin is not adopted as an alternative currency to fiat, it will always provoke negativity from different parties. And that only the consequences from using bitcoin will always be seen and noticed.

Speaking with legal manner or not,there would always be that negative impression towards Bitcoin or crypto as a whole on which not all parts of the world would have positive treatment or views towards it that's why it's not surprising on different kinds of treatment towards crypto due to its characteristics and feature which do really opposes centralization which is something that not appealing for any governing bodies.As for personal effects then we know about financial aspect kind of effect and also the pros on having some fun or leisure time.

[BitcoinAccepted]

The big advantage is of course that it is relatively anonymous, apart from the KYC. You can deposit as much money as you want, there is no one to check or view a transaction and possibly put it on pause as banks often like to do. And it also goes very fast, you can gamble fairly quickly on the site after an upgrade. And for a payout it is of course exactly the same story. Anonymity could also be a disadvantage if you have problems with a casino.

[terrorJR]

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

It's true that indirectly they must also be aware that this kind of thing must be seen carefully which coins are worthy and which are not because regardless of anything, of course they also do this for business and in business everyone does not want to feel a loss there even though it is inseparable. of that but minimizing is the right way. therefore apart from managing and managing a good site they must also be able to filter about which coins are suitable for gambling.

The casino will incur losses also if in case the alt that they are accepting crashed badly. Because it is already part of their bankroll and if that payment method crashed, it means, their bankroll may be affected if they have large amount of it in their vault. So for casinos which have long list of payment method, they should think of this possible repercussion before it happens to their coins they have.

This is the point. the damage in the coins will also have an impact on the cash damage they have, of course, so that, as I said before, the coin selection is still very influential here for the sake of running a business, which is indeed a fast money turnover, I think this can indeed be a reference.

but if we look at some sites today it is only famous coins and coins that have real projects that are used there

[South Park]

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

It's true that indirectly they must also be aware that this kind of thing must be seen carefully which coins are worthy and which are not because regardless of anything, of course they also do this for business and in business everyone does not want to feel a loss there even though it is inseparable. of that but minimizing is the right way. therefore apart from managing and managing a good site they must also be able to filter about which coins are suitable for gambling.

This is why casinos are very careful when adding yet another coin for gamblers to use, with so many coins out there and with people investing in them every single day then I can get why those people would like for their coin to be accepted by their favorite casino, but we also need to take a look at this from the perspective of the casinos as well, and in many cases the benefits they could get are nowhere near the risks they will nee to take, which is why most casinos accept the very same cryptocurrencies and make little effort to accept even more coins.

[og kush420]

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

It's true that indirectly they must also be aware that this kind of thing must be seen carefully which coins are worthy and which are not because regardless of anything, of course they also do this for business and in business everyone does not want to feel a loss there even though it is inseparable. of that but minimizing is the right way. therefore apart from managing and managing a good site they must also be able to filter about which coins are suitable for gambling.

This is why casinos are very careful when adding yet another coin for gamblers to use, with so many coins out there and with people investing in them every single day then I can get why those people would like for their coin to be accepted by their favorite casino, but we also need to take allow at this from the perspective of the casinos as well, and in many cases the benefits they could get are nowhere near the risks they will nee to take, which is why most casinos accept the very same cryptocurrencies and make little effort to accept even more coins.

In some countries where gambling is banned. People are coming in trading and earning some money.
This is the benefited of online gambling. Now people all across the world are getting benefited without going to casinos and without being caught.

[Boristhecat]

The big advantage is of course that it is relatively anonymous, apart from the KYC. You can deposit as much money as you want, there is no one to check or view a transaction and possibly put it on pause as banks often like to do. And it also goes very fast, you can gamble fairly quickly on the site after an upgrade. And for a payout it is of course exactly the same story. Anonymity could also be a disadvantage if you have problems with a casino.

Unfortunately, this is currently only true for small amounts. Theoretically, you can use any amount, but I'm sure that most casinos will ask for KYC (at least if you win and try to make a withdrawal) so you should always be prepared for wasting time on this procedure plus being able to pass KYC - if you are under 18 or gambling is prohibited in your country, then you need to have a fake identity in advance.

[24Kt]

The big advantage is of course that it is relatively anonymous, apart from the KYC. You can deposit as much money as you want, there is no one to check or view a transaction and possibly put it on pause as banks often like to do. And it also goes very fast, you can gamble fairly quickly on the site after an upgrade. And for a payout it is of course exactly the same story. Anonymity could also be a disadvantage if you have problems with a casino.

Unfortunately, this is currently only true for small amounts. Theoretically, you can use any amount, but I'm sure that most casinos will ask for KYC (at least if you win and try to make a withdrawal) so you should always be prepared for wasting time on this procedure plus being able to pass KYC - if you are under 18 or gambling is prohibited in your country, then you need to have a fake identity in advance.

Yes, if you are a high roller, you should expect that the casino will ask KYC from you especially those with gambling license. So it is not true that you can deposit as much money as you want without KYC. And you need to be careful with casinos that are not active in the forum, as your funds may be at jeopardy if you send big amount. You have no way of reaching out to them if they suddenly freeze your account and decided not to answer your ticket.

[Jemzx00]

Unfortunately, this is currently only true for small amounts. Theoretically, you can use any amount, but I'm sure that most casinos will ask for KYC (at least if you win and try to make a withdrawal) so you should always be prepared for wasting time on this procedure plus being able to pass KYC - if you are under 18 or gambling is prohibited in your country, then you need to have a fake identity in advance.

Yes, if you are a high roller, you should expect that the casino will ask KYC from you especially those with gambling license. So it is not true that you can deposit as much money as you want without KYC. And you need to be careful with casinos that are not active in the forum, as your funds may be at jeopardy if you send big amount. You have no way of reaching out to them if they suddenly freeze your account and decided not to answer your ticket.

In all actuality, most high rollers choose website that doesn't require KYC even when the platform is legitimate or licensed. Also, there are some deals whereas the high roller either has been some kind of deal with the website to avoid KYC process or either used fake ID or other people identity for the KYC process.
Also, it is somehow false to say that if a gambling does not have or even is not active on there forum means that your funds may be in Jeopardy as there are some gambling casino out there that has superb customer service even though not being active on the forum. There are also gambling casino that are active on the forum but has alot of report on the website such as not being able to withdraw funds or even scamming their users.

[Fortify]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .
Yes, I know that many times it seems almost impossible to win though at the same time it’s the easiest way of doubling up your money.
Let’s talk about the pros:
It is decentralized:
 (without having one inside zone of command). No one can take your Bitcoins yonder from you or freeze your 'crypto account' due to the sheer of a inside legal/law-based validity in the system. You own your money and your transactions are safe.
It is secure:
 Your payment information cannot be stolen yonder from you. Bitcoin transactions do not require any personal data to be submitted, protecting you from identity theft. And there can be no chargebacks - once sent, Bitcoins transactions are unchangeable. This ways the transaction cannot be reversed or reverted from the way it was recorded in Bitcoin's public ledger, which makes for fewer risks for people who sells.
It is private:
Since no personal information is tying to your Bitcoin wallet, people do not know who (bought something for money) what. At the same time it is clear/open and honest, meaning that anyone can find information on addresses and their balances in a public ledger.
It is fast: It does not matter where you move (from one place to another) your coins to: be it an international move (from one place to another) or a local pizza (instance of ownership something for money). With Bitcoin any. With CoinsPaid's crypto-processing abilities, crypto casino deposits the move (from one place to another) is tropical to immediate.
Bitcoin has (had) low transaction fees: Since there are no (people or businesses who buy goods to sell to stores, not you) in a decentralized network, no one will tuition you for anything. More so , the way the technology is set up there might be fees for faster processing of transactions or (changing from one form, state, or state of mind to another) of bitcoins into fiat currency. Although, most wallets will requite you the option to (adjust/change to fit new conditions) your legation in favour of a quick crypto move (from one place to another) or a low commission.
It is not subject to inflation:
The number of Bitcoins to overly be issued is limited to about  21 million and Bitcoin volume growth is (expected), so they cannot be out like fiat types of money and poured into the (process of people making, selling, and ownership things) at random.
It is not unchangingly taxed:  The tax regulation for digital valuable things has come a long way as Bitcoin and altcoins have been recognized by some states as property, store of value, or plane currency. If you are planning to gamble in Bitcoin, make sure you know what your local tax law says on your winnings or from betting with crypto. But for most countries Bitcoin remains mostly uncontrolled.
In summary, from a player's point of view, Bitcoin is the perfect 'gaming coin'. Players love Bitcoin considering it offers unnamed upper speed transactions for deposits and withdrawals, which do not go through a decentralized financial system. In, most Bitcoin games are 'Provably Fair'.

Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
 

Ironic you end on that note, every casino is built to take money from players while tantalizing them with the occasional win - it's a major con, maybe the only consideration that a player should make. If you understand any money that you deposit is "lost" by default and are fine with that, then feel free to play if it's fun to you, otherwise save your money. Some of the pros you mention are very variable depending on your jurisdiction, tax codes are extremely complicated and can change massively from country to country - some might tax the end result while others charge for every movement. You'll find most major crypto casinos will now require documentation and you kinda have to be more wary of those that don't - they tend to have an easier time disappearing if they choose.

[Saint-loup]

The big advantage is of course that it is relatively anonymous, apart from the KYC. You can deposit as much money as you want, there is no one to check or view a transaction and possibly put it on pause as banks often like to do. And it also goes very fast, you can gamble fairly quickly on the site after an upgrade. And for a payout it is of course exactly the same story. Anonymity could also be a disadvantage if you have problems with a casino.

If there is a KYC, it's not anymore anonymous but what do you mean precisely by saying it could also be a disadvantage if you have problems with a casino? All cryptocasinos are offshore casinos, even russian ones like the one you are promoting, then I don't really understand what giving your identity will change if there is a concern. It usually only depends on the good will of the casino, they only care of their reputation and their need to keep or attract good customers. You will never been able to bring them to justice.

[mm2543363580]

The big advantage is of course that it is relatively anonymous, apart from the KYC. You can deposit as much money as you want, there is no one to check or view a transaction and possibly put it on pause as banks often like to do. And it also goes very fast, you can gamble fairly quickly on the site after an upgrade. And for a payout it is of course exactly the same story. Anonymity could also be a disadvantage if you have problems with a casino.

If there is a KYC, it's not anymore anonymous but what do you mean precisely by saying it could also be a disadvantage if you have problems with a casino? All cryptocasinos are offshore casinos, even russian ones like the one you are promoting, then I don't really understand what giving your identity will change if there is a concern. It usually only depends on the good will of the casino, they only care of their reputation and their need to keep or attract good customers. You will never been able to bring them to justice.

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

[xSkylarx]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Gambling can be subjective. Those countries where gambling is a taboo has a very simple definition of gambling. Don't they realize that in real life we also gamble or take risks? Gambling is a form of entertainment, it only becomes a sin because most people get addicted to it with the mindset of it can make them rich in short amount of time, which only happens to very few people that are lucky. Gambling is a business to entertain people, they did not promise some returns.

[TopT3ns]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Gambling can be subjective. Those countries where gambling is a taboo has a very simple definition of gambling. Don't they realize that in real life we also gamble or take risks? Gambling is a form of entertainment, it only becomes a sin because most people get addicted to it with the mindset of it can make them rich in short amount of time, which only happens to very few people that are lucky. Gambling is a business to entertain people, they did not promise some returns.

I see in some countries there are also many people who gamble like for example in Las Vegas, there gambling is very normal and there is no need to think about sin or anything, they already know that it can make them lose and get rich quickly, but not all of them can. Get lucky very quickly, gambling depends on the luck you have.

[Eternad]

I see in some countries there are also many people who gamble like for example in Las Vegas, there gambling is very normal and there is no need to think about sin or anything, they already know that it can make them lose and get rich quickly, but not all of them can. Get lucky very quickly, gambling depends on the luck you have.

Only Muslim countries and other countries that have strict restrictions against gambling but the rest of the world gets a lot of profit from gambling industry. The only cons that I can see on gambling are when it was freely open in 3rd world countries which result in many life destroyed due to gambling addiction. People living on first world countries like US can easily get back on their feet with the proper support of their family since they have a huge financial capacity to recover compared to a poor country where jobs salary is very low and sufficient only for their own daily needs.

Monaco is the best example for moderating gambling while getting profit on it at the same time without involving there citizen on gambling addiction. This idea should be implement in poor countries to fight against gambling addiction.

[blatchcorn]

Only Muslim countries and other countries that have strict restrictions against gambling but the rest of the world gets a lot of profit from gambling industry. The only cons that I can see on gambling are when it was freely open in 3rd world countries which result in many life destroyed due to gambling addiction. People living on first world countries like US can easily get back on their feet with the proper support of their family since they have a huge financial capacity to recover compared to a poor country where jobs salary is very low and sufficient only for their own daily needs.

Monaco is the best example for moderating gambling while getting profit on it at the same time without involving there citizen on gambling addiction. This idea should be implement in poor countries to fight against gambling addiction.

There are many non Muslim countries also where gambling is strictly prohibited like Japan, North Korea etc. In gambling you can lose your all money in days or weeks and it doesn't matter how much financial cushion you have, you can easily end up on footpath after losing all your money. There are such examples in developed countries like USA and Europe. You cant say people living in advance countries can cope with gambling well.

[michellee]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Online gambling provides an opportunity for people curious about what gambling is like. People who have never gambled before will try to play gambling because of curiosity or by reading the experiences of other people who have played gambling for a long time. It's also the case with people in countries where gambling is taboo and illegal because of that curiosity. As long as they try to chase winnings from gambling and only play gambling for fun and can control themselves, they will not get into trouble from gambling.

[cabron]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Online gambling provides an opportunity for people curious about what gambling is like. People who have never gambled before will try to play gambling because of curiosity or by reading the experiences of other people who have played gambling for a long time. It's also the case with people in countries where gambling is taboo and illegal because of that curiosity. As long as they try to chase winnings from gambling and only play gambling for fun and can control themselves, they will not get into trouble from gambling.

People in the offline world frowns to the gamblers they see on traditional casinos. 
If I am seen by people who knew my mother, they'd likely be disappointed when they see me inside a gambling house. People judge us all the time and they may think I also do drugs while gambling.
 
But if I do it online with crypto, I may have saved my face. That's one of the CONS of cryptogambling, its online. No one will ever see me loitering inside a gambling house.

[og kush420]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Online gambling provides an opportunity for people curious about what gambling is like. People who have never gambled before will try to play gambling because of curiosity or by reading the experiences of other people who have played gambling for a long time. It's also the case with people in countries where gambling is taboo and illegal because of that curiosity. As long as they try to chase winnings from gambling and only play gambling for fun and can control themselves, they will not get into trouble from gambling.

People in the offline world frowns to the gamblers they see on traditional casinos. 
If I am seen by people who knew my mother, they'd likely be disappointed when they see me inside a gambling house. People judge us all the time and they may think I also do drugs while gambling.
 
But if I do it online with crypto, I may have saved my face. That's one of the CONS of cryptogambling, its online. No one will ever see me loitering inside a gambling house.

Well gambling is the fastest growing business. People want to start gambling and with the same speed they quit gambling. Maybe because of health issues, money issues or family issues, in some regions where gambling is not legal people finds alternative ways to gamble.
And sometime the trouble with gambling brings to them is unrepairable.

[terrorJR]

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

It's true that indirectly they must also be aware that this kind of thing must be seen carefully which coins are worthy and which are not because regardless of anything, of course they also do this for business and in business everyone does not want to feel a loss there even though it is inseparable. of that but minimizing is the right way. therefore apart from managing and managing a good site they must also be able to filter about which coins are suitable for gambling.

This is why casinos are very careful when adding yet another coin for gamblers to use, with so many coins out there and with people investing in them every single day then I can get why those people would like for their coin to be accepted by their favorite casino, but we also need to take allow at this from the perspective of the casinos as well, and in many cases the benefits they could get are nowhere near the risks they will nee to take, which is why most casinos accept the very same cryptocurrencies and make little effort to accept even more coins.

It's not wrong if most people want the coins they invest to be on the list but on the other hand the reality is not that simple because from the casino's point of view they also prioritize business because this is not a means for investment but for gambling then indeed they also have their own reasons to add or not some coins there
The reason they add the same coin is because they already know that the coin is indeed safe enough and can still be used as gambling so they don't want to go against the grain with it

[Viscore]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Gambling can be subjective. Those countries where gambling is a taboo has a very simple definition of gambling. Don't they realize that in real life we also gamble or take risks? Gambling is a form of entertainment, it only becomes a sin because most people get addicted to it with the mindset of it can make them rich in short amount of time, which only happens to very few people that are lucky. Gambling is a business to entertain people, they did not promise some returns.

Despite of illegalities of gambling in some countries, i believe gamblers do not settle on that and won't gamble at all. They will always have the time to gamble, it's just that they should be extra careful not to be caught by the government officials. Maybe that's how they see it as a sin, contradicting the laws of the government. But in real life, people somehow need to gamble too because its just a form of entertainment but in a business way. And you need funds for you to be able to gamble, whether you win or lose in the end.

[Tumanggor]

~

Unfortunately, this is currently only true for small amounts. Theoretically, you can use any amount, but I'm sure that most casinos will ask for KYC (at least if you win and try to make a withdrawal) so you should always be prepared for wasting time on this procedure plus being able to pass KYC - if you are under 18 or gambling is prohibited in your country, then you need to have a fake identity in advance.

Currently, gambling sites are indeed required to do KYC, but there are also those that do not require their users to do KYC, for example, Gamdom

other than that the KYC that is required is usually KYC level 1 and it's not that complicated (compared to KYC levels 2 and 3) so it's not that hard right now

[Fatunad]

~

Unfortunately, this is currently only true for small amounts. Theoretically, you can use any amount, but I'm sure that most casinos will ask for KYC (at least if you win and try to make a withdrawal) so you should always be prepared for wasting time on this procedure plus being able to pass KYC - if you are under 18 or gambling is prohibited in your country, then you need to have a fake identity in advance.

Currently, gambling sites are indeed required to do KYC, but there are also those that do not require their users to do KYC, for example, Gamdom

other than that the KYC that is required is usually KYC level 1 and it's not that complicated (compared to KYC levels 2 and 3) so it's not that hard right now

Majority of crypto gambling sites arent asking for some verification or simply with KYC because we are on a market where decentralization do really matters but of course since these platforms are centralized then expect or anticipate that anytime they could really ask it out if they do notice something and this one is mostly shown on their terms and conditions.With the easy access that we do have today
then playing gambling is easy as breeze and in speaking with pros and cons in terms or financial situation and effects then it would be easily to determined with just
common sense.hehehe

[michellee]

People in the offline world frowns to the gamblers they see on traditional casinos. 
If I am seen by people who knew my mother, they'd likely be disappointed when they see me inside a gambling house. People judge us all the time and they may think I also do drugs while gambling.
 
But if I do it online with crypto, I may have saved my face. That's one of the CONS of cryptogambling, its online. No one will ever see me loitering inside a gambling house.

That may be because no one plays gambling in your area, so they will be disappointed if they see you playing gambling. In some countries, gambling is not accepted and even gambling is considered a wrong way to make money. People will easily judge other people looking for money in the wrong way so it's better we don't use it.

That is why the existence of crypto can provide an opportunity for people to hide their identity from others, even those closest to them. But the opportunity to hide their identity can cause other problems, namely, if they are addicted to gambling, no one else will know and if it is severe, they will likely be difficult to save.

[Peanutswar]

~

Unfortunately, this is currently only true for small amounts. Theoretically, you can use any amount, but I'm sure that most casinos will ask for KYC (at least if you win and try to make a withdrawal) so you should always be prepared for wasting time on this procedure plus being able to pass KYC - if you are under 18 or gambling is prohibited in your country, then you need to have a fake identity in advance.

Currently, gambling sites are indeed required to do KYC, but there are also those that do not require their users to do KYC, for example, Gamdom

other than that the KYC that is required is usually KYC level 1 and it's not that complicated (compared to KYC levels 2 and 3) so it's not that hard right now

Majority of crypto gambling sites arent asking for some verification or simply with KYC because we are on a market where decentralization do really matters but of course since these platforms are centralized then expect or anticipate that anytime they could really ask it out if they do notice something and this one is mostly shown on their terms and conditions.With the easy access that we do have today
then playing gambling is easy as breeze and in speaking with pros and cons in terms or financial situation and effects then it would be easily to determined with just
common sense.hehehe

Mostly gambling platform has their KYC but in the level form to make sure the user can recover the account the level 1 is the email address and the level 2 and 3 are the address and the ID of the owner of the account for me having a without KYC gambling is the most ideal because this makes sure my identity are still anonymous and mostly KYC use for the large transaction users some of them asking for the KYC if the account seems having an abuse and suspicious transactions. Some common issues regarding with the KYC is the withdrawal of the funds like the user make a large win and the platform don't want to let them withdraw.

[Don Pedro Dinero]

For me the main pro would be casinos that don't ask you for no KYC or at least not full KYC, as Peanutswar says, where you can bet small amounts without providing anything more than an email, or even without that in some cases. They usually offer a better RPT as well. Those would be the two main advantages. The added volatility that hooks some people is not an advantage for me.

Let’s talk about the cons:
Ofcourse, there is a fly in any honey pot. Playing at an online crypto casino has some disadvantages that are worth thinking about, too.
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
 

But that is not unique to gambling with cryptocurrencies. It happens with any kind of gambling.

[Lucasgabd]

In many countries where gambling is a taboo - and people do not gamble because its not legal and its considered as a sin.
The people there can do online gambling and satisfy themselves. However - those people have a thought behind their mind if they are doing the right thing or not.

Gambling can be subjective. Those countries where gambling is a taboo has a very simple definition of gambling. Don't they realize that in real life we also gamble or take risks? Gambling is a form of entertainment, it only becomes a sin because most people get addicted to it with the mindset of it can make them rich in short amount of time, which only happens to very few people that are lucky. Gambling is a business to entertain people, they did not promise some returns.

Despite of illegalities of gambling in some countries, i believe gamblers do not settle on that and won't gamble at all. They will always have the time to gamble, it's just that they should be extra careful not to be caught by the government officials. Maybe that's how they see it as a sin, contradicting the laws of the government. But in real life, people somehow need to gamble too because its just a form of entertainment but in a business way. And you need funds for you to be able to gamble, whether you win or lose in the end.

truth is that most of the time the state is not really effective on forbidding people of doing what they want to do
take drugs as an example, most countries make it forbidden, though the only result of prohibition is creating a parallel market where drugs are more expensive and harder to check provenance and quality
with huge horrible externalities for the population (in the worst case being war and people getting killed)

[cabron]

People in the offline world frowns to the gamblers they see on traditional casinos. 
If I am seen by people who knew my mother, they'd likely be disappointed when they see me inside a gambling house. People judge us all the time and they may think I also do drugs while gambling.
 
But if I do it online with crypto, I may have saved my face. That's one of the CONS of cryptogambling, its online. No one will ever see me loitering inside a gambling house.

That may be because no one plays gambling in your area, so they will be disappointed if they see you playing gambling. In some countries, gambling is not accepted and even gambling is considered a wrong way to make money. People will easily judge other people looking for money in the wrong way so it's better we don't use it.

That is why the existence of crypto can provide an opportunity for people to hide their identity from others, even those closest to them. But the opportunity to hide their identity can cause other problems, namely, if they are addicted to gambling, no one else will know and if it is severe, they will likely be difficult to save.

Aren't rehabilitation center open for all. Also today, anyone can access a support group in every region as long as  you join. You still don't have to surrender your Identify to be monitored whether you got addicted or not. Once you feel that you think you are already troubled, you can talk to a friend. Normally they can realize this when they already have lost a lot of money.

When you lose a lot from your budget which affected your finances already and people knew you are asking loans, the more blatant the judgement will be. The more reason for you to just stay on cryptogamling, online casino is where to go.

[_act_]

Despite of illegalities of gambling in some countries, i believe gamblers do not settle on that and won't gamble at all. They will always have the time to gamble, it's just that they should be extra careful not to be caught by the government officials. Maybe that's how they see it as a sin, contradicting the laws of the government.

Gambling is seen as a sin in few countries because of their religion, religious people which are getting to extreme are also the government officials and they prefer to just ban gambling, example of this can be seen in Muslim countries as gambling is forbidden in their religion. So because of region led to their laws in the government to forbid gambling.

But in real life, people somehow need to gamble too because its just a form of entertainment but in a business way. And you need funds for you to be able to gamble, whether you win or lose in the end.

As a matter of fact, some people gamble for fun, but some people also still see it as a means of earning until they have lost often and often or they become addicted. Nevertheless, gambling should still be for fun and not a means of making money which is not but a means of addiction.

[Lucasgabd]

Despite of illegalities of gambling in some countries, i believe gamblers do not settle on that and won't gamble at all. They will always have the time to gamble, it's just that they should be extra careful not to be caught by the government officials. Maybe that's how they see it as a sin, contradicting the laws of the government.

Gambling is seen as a sin in few countries because of their religion, religious people which are getting to extreme are also the government officials and they prefer to just ban gambling, example of this can be seen in Muslim countries as gambling is forbidden in their religion. So because of region led to their laws in the government to forbid gambling.

But in real life, people somehow need to gamble too because its just a form of entertainment but in a business way. And you need funds for you to be able to gamble, whether you win or lose in the end.

As a matter of fact, some people gamble for fun, but some people also still see it as a means of earning until they have lost often and often or they become addicted. Nevertheless, gambling should still be for fun and not a means of making money which is not but a means of addiction.

definitely wouldn't advise gambling as a source of income for anyone
of course you can find positive expected value games but there are less stressful ways to make money, in my opinion

[Maslate]

definitely wouldn't advise gambling as a source of income for anyone
of course you can find positive expected value games but there are less stressful ways to make money, in my opinion

I think it's okay to suggest that to anyone as long as you educate them well of the risk of gambling. Yes, the income is so attractive for a successful gambler, however, it's not as easy as we think, a gambler has to be very smart in order to make a living in gambling, so if you find a gambler that has that kind of quality, then maybe we should not limit the possibility that he could be successful in gambling.

[terrorJR]

But in real life, people somehow need to gamble too because its just a form of entertainment but in a business way. And you need funds for you to be able to gamble, whether you win or lose in the end.

As a matter of fact, some people gamble for fun, but some people also still see it as a means of earning until they have lost often and often or they become addicted. Nevertheless, gambling should still be for fun and not a means of making money which is not but a means of addiction.

Actually, in this case it is as you say but if you look at other things that make gambling as a suggestion to get money, this is clearly quite naive and usually people like this are addicts and are always obsessed with gambling considering they are thirsty for winning and money and do not accept the word lose there.
Btw now this is happening so commonly which makes it seem like a very normal thing to do as some people are starting to misinterpret gambling as a job.

[Russlenat]

But in real life, people somehow need to gamble too because its just a form of entertainment but in a business way. And you need funds for you to be able to gamble, whether you win or lose in the end.

As a matter of fact, some people gamble for fun, but some people also still see it as a means of earning until they have lost often and often or they become addicted. Nevertheless, gambling should still be for fun and not a means of making money which is not but a means of addiction.

All will be good if that is the case but unfortunately, the majority of gamblers in casino or in different avenues aren't looking to have some fun because their goal is to double or even triple their capital. They know the risks and that most of the time they will lose than win and that is inevitable but they still rely on hope that maybe, just maybe, this day would be different and they could bring home huge cash. Eventually, what will happen is the exact opposite.

[wxa7115]

I haven't seen a gambling site where they use stablecoins yet. If there is please do share.

Stablecoins like USDT, USDC or BUSD? Please take a look at Chips.gg, they accept USDC and BUSD
Other site is BK8, they accept USDT (trc20) as one of the payment method.
Betfury is also accepting USDT with 5 different networks as well as BUSD.
One more site that I know is Jacksclub, they accept USDT (erc10).
I believe there are many other sites use stablecoins, you only need to be more active to explore.

Thank you for that. I am stuck in just one betting site and I am happy with it. Exploring is kind of a lazy thing to do if you got everything in one that you like. Options for payment and features.
But I still appreciate the effort to share and the input of all the details in it. 

Also, isn't it better to use the new applications now who offers payment in direct USD rather than USDT. Like DraftKings or FanDuel.
In regards with the OP, I think if we talk about pros and cons it should be the difference between things like that. Why bother changing it to USDT and paying tx fees if you can use it directly with USD? Country restrictions?

Most likely the regulations they will have to go through will be many times higher as they will now be dealing with fiat instead of a stable coin, and since many cryptocurrency casinos obviously prefer to cater to the preferences of the members of this market they prefer to not allow the use of fiat directly at their casinos.

After all we have seen some fiat casinos trying to accept cryptocurrencies before but they never became too successful as they forced you to go through a mandatory KYC, so they have never reached the popularity of casinos which exclusively accept cryptocurrencies.

[jostorres]

Only Muslim countries and other countries that have strict restrictions against gambling but the rest of the world gets a lot of profit from gambling industry. The only cons that I can see on gambling are when it was freely open in 3rd world countries which result in many life destroyed due to gambling addiction. People living on first world countries like US can easily get back on their feet with the proper support of their family since they have a huge financial capacity to recover compared to a poor country where jobs salary is very low and sufficient only for their own daily needs.

Monaco is the best example for moderating gambling while getting profit on it at the same time without involving there citizen on gambling addiction. This idea should be implement in poor countries to fight against gambling addiction.

It was restricted on muslim and similar countries because for them gambling is a sin. Not all can get a lot of profit in gambling, I mean the regular individuals but for governments yes they can get a good revenue with it. The cons you are talking about above is not totally a con but it can also be a pro to some because by allowing gambling on their country, it also open opportunities for the people, what I mean is jobs.

Also not all that engage in gambling are going to be addicted with it but most are only using it to pass the time and to relieve their stress from the whole day of working. If they are lucky they can win, and gambling can provide extra income to them.

[Lucasgabd]

definitely wouldn't advise gambling as a source of income for anyone
of course you can find positive expected value games but there are less stressful ways to make money, in my opinion

I think it's okay to suggest that to anyone as long as you educate them well of the risk of gambling. Yes, the income is so attractive for a successful gambler, however, it's not as easy as we think, a gambler has to be very smart in order to make a living in gambling, so if you find a gambler that has that kind of quality, then maybe we should not limit the possibility that he could be successful in gambling.

now here's a thing I didn't think about before
gambling being used for education on math, probabilities and game theory
that would be really interesting
would love to see it

[Botnake]

definitely wouldn't advise gambling as a source of income for anyone
of course you can find positive expected value games but there are less stressful ways to make money, in my opinion

I think it's okay to suggest that to anyone as long as you educate them well of the risk of gambling. Yes, the income is so attractive for a successful gambler, however, it's not as easy as we think, a gambler has to be very smart in order to make a living in gambling, so if you find a gambler that has that kind of quality, then maybe we should not limit the possibility that he could be successful in gambling.

I also believe the same, gambling will only be a disadvantage for those who don't know their boundaries and don't have the right mindset when playing. The goal is to win yes but we can't avoid some losses along the way, the important thing right here is to only pick the fight we most know and have enough knowledge. There are a lot of activities in the gambling world and it's almost impossible that we don't have any of those activities that doesn't suit us.

[LUCKMCFLY]

Not all altcoins are scams that can drop to almost zero like what happened with luna/ust recently. Also luna and ust are I think not yet accepted in many gambling sites so no need to worry though there are lots of altcoins that is accepted, that is because not all people are willing to use their bitcoin because they think it was too valuable to gamble and apart from it, bitcoin can sometimes have a higher transaction fee and slow-moving in terms of depositing and withdrawing it but these known issues in bitcoin are not felt in many altcoins.

If there is another altcoin that's widely accepted and followed the fiasco of Luna/UST then, many casinos that have it on their list will start delisting and stop supporting it.
And talking with bitcoin gambling, we all have our thoughts about spending it. Many won't think about it as they're keeping it for holds and they're okay to spend the altcoins that they have instead of bitcoin. But there goes the rich ones, they've got plenty of it and it's not a matter of problem whether they win or lose bitcoin.

LUNA's case shows why most casinos, even the small ones, should be careful when adding support for different cryptocurrencies than the main one, bitcoin, ethereum, doge and maybe litecoin.
too much risk.

maybe this is one of the reasons why most casinos are keeping their payment list short and loyal to top alts like btc, eth, bnb, ltc. because what happened to luna may possibly happen also to other alts. and this will cause their bankroll to go down if one of their payment methods crashed.
anyway, the casino has their choice to select their own payment methods. just keep their list solid. casino can always add any coin they want but they also need to weigh the pros and cons of adding such coin.

Sometimes we as players tell the casinos that they can do their part by listing some currencies, I think sometimes it is asked because it is more exciting to bet certain currencies like TRX like ADA and multiply them, but sometimes it is a risk for the casinos, and it is As you say, if they had had LUNA in their wallets, the losses would have been perhaps millions, some players avoid playing with BTC for the simple fact that it is more expensive due to the fees, however if the casinos study the way to integrate LN within them, all this would change in a big way.

[Lucasgabd]

definitely wouldn't advise gambling as a source of income for anyone
of course you can find positive expected value games but there are less stressful ways to make money, in my opinion

I think it's okay to suggest that to anyone as long as you educate them well of the risk of gambling. Yes, the income is so attractive for a successful gambler, however, it's not as easy as we think, a gambler has to be very smart in order to make a living in gambling, so if you find a gambler that has that kind of quality, then maybe we should not limit the possibility that he could be successful in gambling.

I also believe the same, gambling will only be a disadvantage for those who don't know their boundaries and don't have the right mindset when playing. The goal is to win yes but we can't avoid some losses along the way, the important thing right here is to only pick the fight we most know and have enough knowledge. There are a lot of activities in the gambling world and it's almost impossible that we don't have any of those activities that doesn't suit us.

the thing is that with addictions sometimes you think you are in control and things are worse than you think
slippery grounds to walk on.
always a good idea to take care and have a network of friends and family around.

[og kush420]

the thing is that with addictions sometimes you think you are in control and things are worse than you think
slippery grounds to walk on.
always a good idea to take care and have a network of friends and family around.

As there is a huge number who want to quit gambling - there is the same number who are interested in starting their gambling career.
So - in the countries where gambling is illegal and the community where people cannot not go to casinos there is good chance that can do online gambling and can entertain themselves.

[Lanatsa]

the thing is that with addictions sometimes you think you are in control and things are worse than you think
slippery grounds to walk on.
always a good idea to take care and have a network of friends and family around.

As there is a huge number who want to quit gambling - there is the same number who are interested in starting their gambling career.
So - in the countries where gambling is illegal and the community where people cannot not go to casinos there is good chance that can do online gambling and can entertain themselves.

Depends on the situation which this is indeed a precise thing where there are people who do always find way for them to play gambling just because their country doesnt really let them to do so.

If we do tend to look at on how big gambling industry is whether its physical or online then its soo damn big which means and shows that there's really some demand into it.

Pro's would be usually be talking about leisure and entertainment and of course money making if you are lucky enough but the con's would be totally opposite of the said or mentioned things.

[South Park]

the thing is that with addictions sometimes you think you are in control and things are worse than you think
slippery grounds to walk on.
always a good idea to take care and have a network of friends and family around.

As there is a huge number who want to quit gambling - there is the same number who are interested in starting their gambling career.
So - in the countries where gambling is illegal and the community where people cannot not go to casinos there is good chance that can do online gambling and can entertain themselves.

It is precisely because of online gambling that it makes no sense to try to keep gambling illegal, before online gambling was a thing someone which wanted to gamble would need to find an underground casino and be in company of people which most likely you would not want around you, but now the only thing you need to gamble is to have a computer and Internet access, and if you also want to retain some level of privacy you could get some bitcoin and then gamble with it, so those governments which are against gambling need to think again, as they are losing a great deal of revenue by having this attitude that does not make sense anymore in a world that is interconnected.

[og kush420]

It is precisely because of online gambling that it makes no sense to try to keep gambling illegal, before online gambling was a thing someone which wanted to gamble would need to find an underground casino and be in company of people which most likely you would not want around you, but now the only thing you need to gamble is to have a computer and Internet access, and if you also want to retain some level of privacy you could get some bitcoin and then gamble with it, so those governments which are against gambling need to think again, as they are losing a great deal of revenue by having this attitude that does not make sense anymore in a world that is interconnected.

In the countries where gambling is ban - for them it is ban - if any government would try to legalize it they will face a backlash.
So government try to play save. Because for the community No Gambling means No gambling at all even if it brings huge profit. The call the money earned from the gambling -- not Halal.

[virasisog]

It is precisely because of online gambling that it makes no sense to try to keep gambling illegal, before online gambling was a thing someone which wanted to gamble would need to find an underground casino and be in company of people which most likely you would not want around you, but now the only thing you need to gamble is to have a computer and Internet access, and if you also want to retain some level of privacy you could get some bitcoin and then gamble with it, so those governments which are against gambling need to think again, as they are losing a great deal of revenue by having this attitude that does not make sense anymore in a world that is interconnected.

In the countries where gambling is ban - for them it is ban - if any government would try to legalize it they will face a backlash.
So government try to play save. Because for the community No Gambling means No gambling at all even if it brings huge profit. The call is the money earned from the gambling -- not Halal.

Countries that banned gambling wouldn't ban it for no reason. I believe that they have huge reasons for banning gambling in their country regardless of the huge taxes that they could get from it. Once they ban it, I don't think they aren't firm with their decision. Banning also has pros and cons in each country and I'm sure that the government focuses on the cons that made them ban it.

[Gianluca95]

Pros and cons of cryptogambling is absolutely similar to the normal gambling. You risk to become addicted from it, also you have:

PRO:
- Play in anonymous way, no KYC required
- Deposit and Withdraw in fast way
- Odds seems to be more higher than traditional bookmaker, if you consider sportsbook.

CONS:
- Value of bet is not stable, it depends from Bitcoin Value
- High risks to not be paid if you don't choose the right platform.

[blatchcorn]

Countries that banned gambling wouldn't ban it for no reason. I believe that they have huge reasons for banning gambling in their country regardless of the huge taxes that they could get from it. Once they ban it, I don't think they aren't firm with their decision. Banning also has pros and cons in each country and I'm sure that the government focuses on the cons that made them ban it.

You can defiantly ban gambling in a country like placing ban on casinos and blocking online casinos but there is no way you can ban crypto gambling. The biggest pros of crypto gambling is that it opens window of gambling for people living in gambling restricted region. But the other side of this advantage is that kids under 18 years are also getting addicted of gambling. I would say crypto gambling has more side effects then good effects.

[Theones]

Countries that banned gambling wouldn't ban it for no reason. I believe that they have huge reasons for banning gambling in their country regardless of the huge taxes that they could get from it. Once they ban it, I don't think they aren't firm with their decision. Banning also has pros and cons in each country and I'm sure that the government focuses on the cons that made them ban it.

You can defiantly ban gambling in a country like placing ban on casinos and blocking online casinos but there is no way you can ban crypto gambling. The biggest pros of crypto gambling is that it opens window of gambling for people living in gambling restricted region. But the other side of this advantage is that kids under 18 years are also getting addicted of gambling. I would say crypto gambling has more side effects then good effects.

That is correct - but the countries where gambling is banned. People find another to entertain themselves through crypto gambling and hence they get a few extra bucks, once they are finished these people return to the place again for work.

[carlfebz2]

Countries that banned gambling wouldn't ban it for no reason. I believe that they have huge reasons for banning gambling in their country regardless of the huge taxes that they could get from it. Once they ban it, I don't think they aren't firm with their decision. Banning also has pros and cons in each country and I'm sure that the government focuses on the cons that made them ban it.

You can defiantly ban gambling in a country like placing ban on casinos and blocking online casinos but there is no way you can ban crypto gambling. The biggest pros of crypto gambling is that it opens window of gambling for people living in gambling restricted region. But the other side of this advantage is that kids under 18 years are also getting addicted of gambling. I would say crypto gambling has more side effects then good effects.

That is correct - but the countries where gambling is banned. People find another to entertain themselves through crypto gambling and hence they get a few extra bucks, once they are finished these people return to the place again for work.

A never ending story,right?

People would never ever learn and instead of saving up those money or funds for something better or priorities.They do instead spend it up all in gambling which is something i dont see for it to be that worth i would

say on which you are doing hard work just for spending it all in an instant which we know that this isnt something that ideal specially if you do have responsibilities specially on having a family.
gambling is for fun and never ever tend to go beyond the border line specially on spending up money which is more than that you can afford to lose.