FatFork
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Top Crypto Casino
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May 03, 2023, 07:28:15 AM |
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too?
Do you guys know that some casinos regulates their own slots machines themselves, can you gamble with ease of mind on such casinos?
If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game?
What is the most convenient games you play on gambling platforms?
Is using leverage about luck or skills? Or even a rigged game?
Decentralization in the context of online casinos usually refers to the infrastructure of the platform rather than individual games. So even though an online casino may claim to be decentralized, that doesn't necessarily mean that all of its games are completely decentralized. In fact, many so-called decentralized online casinos still use traditional, centralized games like slots, card games, and table games. The only fully decentralized casino games are those that are executed using smart contracts on the blockchain. However, this does not mean that the platform itself is decentralized, because casino operators still have full control over the smart contract and can modify the game rules or payout structures at any time. What do you mean by "regulates"? While some casino platforms may offer in-house developed slot games instead of relying on third-party operators, any licensed and regulated online casino must undergo audits by third-party agencies to ensure adherence to regulatory standards.
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Eureka_07
Sr. Member
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Binance #SWGT and CERTIK Audited
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May 03, 2023, 08:37:23 AM |
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too? <snip>
Usually, if the casino is fully decentralized, then it should only offer games that are also decentralized. This means that they won't be relying on any third-party providers, hence they have to create their own games (e.g., if they want to offer slots, then they should create their own slot game in a decentralized system). As I've observed, fully decentralized casinos usually only offer games such as Dice, Mines, Plinko, and Crash since live games and slot games are usually provided by 3rd party companies. All of it would mean if the casino included centralized games from their offered games, then they should not be considered a fully decentralized casino. Besides, it contradicts the "decentralized" status of the casino.
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michellee
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May 03, 2023, 12:16:08 PM |
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too?
It depends on the casino because casinos can use games from centralized or decentralized providers. But later, the casino can also ask users to do KYC. Do you guys know that some casinos regulates their own slots machines themselves, can you gamble with ease of mind on such casinos?
I don't know about it but it can happen. The casino has the control to do that but I'm not sure if it's a trusted casino, they will still regulate the slot machines to be able to give the casino a win. That will undermine the trust of the users. If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game?
I don't think slot games depend on the word "smart" because as far as I know, slot games depend on the luck of each user. So if you win, that means your luck is with you. What is the most convenient games you play on gambling platforms?
I think slot games are comfortable games because of the slot games that I often play on gambling platforms. But sometimes I also bet on sports betting and feel that comfort too. Is using leverage about luck or skills? Or even a rigged game?
I just play normally and never use other methods. Also, I don't gamble often, so I don't even think about using leverage or anything like that.
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uneng
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May 03, 2023, 03:48:16 PM |
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too? <snip>
Usually, if the casino is fully decentralized, then it should only offer games that are also decentralized. This means that they won't be relying on any third-party providers, hence they have to create their own games (e.g., if they want to offer slots, then they should create their own slot game in a decentralized system). As I've observed, fully decentralized casinos usually only offer games such as Dice, Mines, Plinko, and Crash since live games and slot games are usually provided by 3rd party companies. All of it would mean if the casino included centralized games from their offered games, then they should not be considered a fully decentralized casino. Besides, it contradicts the "decentralized" status of the casino. I believe the only decentralized casino for real was one where each transaction sent on the blockchain by the gambler was a bet. If he won, the casino would pay him directly on his crypto wallet through another transaction. The cons is that transaction's fees become too expensive at some point for both sides, and minimal bets aren't practicable. But I see no other way to keep it decentralized, because even if the casino has its own native games, there is going to be a central system ruling and controlling everything, including gambler's data, that is the casino's platform.
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piebeyb
Legendary
Online
Activity: 2380
Merit: 1038
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May 03, 2023, 04:33:49 PM |
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too?
Not fully decentralized sometimes some still ask for document information or KYC to complete withdrawals, but even that depends on the casino because as far as I can see most casinos that claim to be fully decentralized don't look fully decentralized, well the same as casinos that support web3 sometimes they don't see it either fully using the web3, just taking advantage of the trend that attracts people to want to play in their casino What is the most convenient games you play on gambling platforms?
Limbo is also a game that is interesting to me, for some reason, of all the casino games, that's the only game that I often play, the rest is betting football bets on gambling sites, because I often get money from betting on football sports instead of playing casino games, which I play just for fun. just.
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Cling18
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May 03, 2023, 04:43:15 PM |
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too?
Not fully decentralized sometimes some still ask for document information or KYC to complete withdrawals, but even that depends on the casino because as far as I can see most casinos that claim to be fully decentralized don't look fully decentralized, well the same as casinos that support web3 sometimes they don't see it either fully using the web3, just taking advantage of the trend that attracts people to want to play in their casino What is the most convenient games you play on gambling platforms?
Limbo is also a game that is interesting to me, for some reason, of all the casino games, that's the only game that I often play, the rest is betting football bets on gambling sites, because I often get money from betting on football sports instead of playing casino games, which I play just for fun. just. There are really a huge number of casinos claiming they're decentralized yet they will ask for KYC verification later on. That's the struggle of most gamblers who seek privacy and anonymity. There are only a few casinos that won't ask for KYC but it's also risky at the same time because some scam casinos are also using this strategy to attract players who don't like KYCs. I am more into slots though I don't consider myself lucky on it all the time. I often lose but still got lucky on it a couple of times. I also prefer sports betting specifically football as well since I have a huge interest in the said sport and there are also lots of basis and reliable predictions that we could find online which will be too helpful for us to decide on where to bet.
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wiss19
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May 03, 2023, 06:45:30 PM |
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It would be better if the games are decentralized too other than the gambling site. I'm not only sure though if there are great decentralized games out there as I haven't saw one yet. I can gamble on a casino that regulates their own original games as long as the casino is already known to be trusted for a long time.
The most convenient game that I play is dice because this game is very simple and easily accessible because almost all gambling sites have this game. For your last question, I think leverage is only used in trading but if you mean to say multiplier, hunting for higher multiplier requires skill IMO because they are not easy to get especially if your bankroll is very limited.
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Silberman
Legendary
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May 06, 2023, 02:19:14 AM |
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There are really a huge number of casinos claiming they're decentralized yet they will ask for KYC verification later on. That's the struggle of most gamblers who seek privacy and anonymity. There are only a few casinos that won't ask for KYC but it's also risky at the same time because some scam casinos are also using this strategy to attract players who don't like KYCs.
I am more into slots though I don't consider myself lucky on it all the time. I often lose but still got lucky on it a couple of times. I also prefer sports betting specifically football as well since I have a huge interest in the said sport and there are also lots of basis and reliable predictions that we could find online which will be too helpful for us to decide on where to bet.
Which means that this idea that a casino can be decentralized is nothing but a lie, this is similar to what we see with decentralized exchanges which they claim they will help you to retain your privacy, but at the first opportunity they ask you to go through their KYC process, something that demonstrates that they still have to follow the same legislation and rules than the centralized competitors, and if that is the case then why bother using them? When you can find better volume and more coins on a centralized exchange.
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peter0425
Sr. Member
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CryptopreneurBrainboss managerial service
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May 06, 2023, 02:45:07 AM |
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too?
not sure , but I think not completely decentralized on all their games. Do you guys know that some casinos regulates their own slots machines themselves, can you gamble with ease of mind on such casinos?
I believe I heard something like this in the recent about slot amchines being regulated but the thread seems to be unanswered completely. If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game?
lol, slot machines? that is an all luck games so there is no one that is good at it. What is the most convenient games you play on gambling platforms?
it is actually sports betting , maybe not to be called as normal game but yeah that is what I am comfortable with. Is using leverage about luck or skills? Or even a rigged game?
rigged game ? to win on that must be super lucky or at least you have a chance in joining those fixed games .
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danherbias07
Legendary
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Leading Crypto Sports Betting & Casino Platform
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May 06, 2023, 02:53:55 AM |
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First, they don't really own the slot games so there's no such thing as decentralized about it. Gambling platforms are just third parties that handle the betting side of it. The game itself is created by another company and the odds to win are already set for the benefit of the gambling site so they can continue their business by using the profits made from it. I mean, imagine if they are on the losing side, all of these online casinos already declared bankruptcy and we have nothing to play at.
Regarding convenient casino games, I don't think there is one, but I can say the enjoyable game would be slots and poker. When it comes to higher winning chance, I do prefer sports gambling as long as you know where or what you are betting for.
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Mauser
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May 06, 2023, 07:02:32 AM |
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too?
Do you guys know that some casinos regulates their own slots machines themselves, can you gamble with ease of mind on such casinos?
If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game?
What is the most convenient games you play on gambling platforms?
Is using leverage about luck or skills? Or even a rigged game?
I don't think casinos can really be decentralised, because they need one main server to run all their games. If they would not centralise their whole software it becomes very hard to ensure safety for the customer and security for the money being deposited. Since the casino is in charge and also liable for all the profits they must make sure that no unauthorised person has access to confidential data. If there was an issue with personal data being stolen I think that many gamblers would be switching casinos. As for my favourite games I like most casino games that involve cards, so my top games are Poker, Black Jack and Roulette from time to time. Gambling is mostly based on luck, not on skill. There are some strategies we can use to increase our winning chance, but there isn't one strategy that will always let us win. That is also why I would never use leverage to try and boost my gambling profits. The risk is too high that we just lose more money and then will be stuck with a bad loan we need to repay.
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Hypnosis00
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May 06, 2023, 08:52:00 AM |
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If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game? ...
You're not really good at nor someone can do that, it is just about luck and so you win the games. if people say that there is a strategy to win here in slot games, that person is lying because absolutely impossible in pure-luck base games. At some point, some gamblers are really wrong about gambling thinking that this will give them money and would able to beat the house. Because no way we can increase our chances in slot games which is why I've preferred to gamble in sports betting rather than this.
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Plaguedeath
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May 06, 2023, 11:15:06 AM |
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It would be better if the games are decentralized too other than the gambling site. I'm not only sure though if there are great decentralized games out there as I haven't saw one yet. I can gamble on a casino that regulates their own original games as long as the casino is already known to be trusted for a long time.
What's decentralized game you're looking for? I think there's no decentralized game, but it's a transparent game. I've seen there are few casinos which using their own token or altcoins let you to gamble by connecting your wallet, every of your bet will be recorded in the blockchain and if you win, the reward directly send into your wallet. But of course it's just for simple game like dice, crash, etc.
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Kakmakr
Legendary
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Leading Crypto Sports Betting & Casino Platform
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May 06, 2023, 11:31:56 AM |
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You cannot trust the reported RTP, because you need to do 1 000 000+ bets to validate it... and how many people have say $50 000 to bet 1 000 000 x $0.05 bets to test that? There are not a lot of skill in playing Slots, because it takes your Client Seed and they mix it with a RNG and a Server seed and it calculates the win or lose. You cannot change the outcome of that bet, no matter how much skill you think you may have. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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ethereumhunter
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May 06, 2023, 12:31:45 PM |
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If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game? ...
You're not really good at nor someone can do that, it is just about luck and so you win the games. if people say that there is a strategy to win here in slot games, that person is lying because absolutely impossible in pure-luck base games. At some point, some gamblers are really wrong about gambling thinking that this will give them money and would able to beat the house. Because no way we can increase our chances in slot games which is why I've preferred to gamble in sports betting rather than this. They better change their thinking soon because either way, the house will win a lot of money and the gamblers will be losing a lot of money. We cannot always be lucky in playing slot games; therefore, we must realize that limiting the use of money means that we have tried to prevent losing a lot of money. We cannot feel good at playing slot games because that makes us tend to be overly confident and forget to control our game. And that is also what will cause us to be even more eager to win if we have already won. And when that happens, the casinos will come back to take all of our money.
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slapper
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May 06, 2023, 12:50:11 PM Last edit: July 14, 2023, 05:36:18 AM by slapper |
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too?
Do you guys know that some casinos regulates their own slots machines themselves, can you gamble with ease of mind on such casinos?
If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game?
What is the most convenient games you play on gambling platforms?
Is using leverage about luck or skills? Or even a rigged game?
I don't think casinos can really be decentralised, because they need one main server to run all their games. If they would not centralise their whole software it becomes very hard to ensure safety for the customer and security for the money being deposited. Since the casino is in charge and also liable for all the profits they must make sure that no unauthorised person has access to confidential data. If there was an issue with personal data being stolen I think that many gamblers would be switching casinos. As for my favourite games I like most casino games that involve cards, so my top games are Poker, Black Jack and Roulette from time to time. Gambling is mostly based on luck, not on skill. There are some strategies we can use to increase our winning chance, but there isn't one strategy that will always let us win. That is also why I would never use leverage to try and boost my gambling profits. The risk is too high that we just lose more money and then will be stuck with a bad loan we need to repay. Online betting? The correct expression is "de-central-lies." What utter nonsense! Can a casino, in all seriousness, operate without a front desk? Concocting a flourless cake. There's no denying that decentralization has its advantages, but is there any concern over safety? The unique one. Customers' personal information and other sensitive data can be housed in a single, secure location. The games I enjoy playing the most are. A game of blackjack or poker is always a good time. An intriguing confrontation where luck and talent were both crucial factors. Let's be honest, though; luck is a major factor in gaming. Even with the right tactics, there is no guarantee of victory in combat. You should use tremendous caution and never rely on leverage to help you achieve your goals.
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pawanjain
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May 06, 2023, 12:59:00 PM |
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too?
Do you guys know that some casinos regulates their own slots machines themselves, can you gamble with ease of mind on such casinos?
If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game?
What is the most convenient games you play on gambling platforms?
Is using leverage about luck or skills? Or even a rigged game?
There are gambling sites which have games from third party providers and so it's not necessary that if they are claiming to be a decentralized platform then their games would be decentralized too. By the way, are there even truly decentralized casinos operating till date ? I haven't heard of any. So most probably they all are lying when they claim they are decentralized. I only play on reputed sites even if they are purely centralized. I only play games which have provably fair algorithm implemented. So the chances of getting scammed by casino sites are slim.
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Lida93
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May 06, 2023, 01:08:15 PM |
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Do you guys know that some casinos regulates their own slots machines themselves, can you gamble with ease of mind on such casinos?
Only the thought alone of having yourself play a regulated game is enough to derail a gambler's interest as the chances of you winning is like 1/10 even if with luck on your side. So I wonder where the feeling of ease would be coming from.
If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game?
It's easier to be "really good" at sports games than slot games. Like these are spinning reels with random numbers never knowing which might land for you. Lick plays a huge role in slot games than just only with the assumption of being good at it.
What is the most convenient games you play on gambling platforms?
For a gambling platform football would do.
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dimonstration
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May 06, 2023, 01:19:35 PM |
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There are gambling sites which have games from third party providers and so it's not necessary that if they are claiming to be a decentralized platform then their games would be decentralized too.
The majority of casino use 3rd party game on their website. There’s only few focuses on offering house game alone due to the lack interest for such games. By the way, are there even truly decentralized casinos operating till date ? I haven't heard of any. So most probably they all are lying when they claim they are decentralized.
Not exactly a casino but there’s a lot of website offering a real decentralized game which user bets which smart contract holds the fund and send the money to winner. Pancakeswap bear and bull is my favorite decentralized gambling game. True Decentralized casino still doesn’t exist since most them wants to control the funds of the player with their own hands. I only play on reputed sites even if they are purely centralized. I only play games which have provably fair algorithm implemented. So the chances of getting scammed by casino sites are slim.
So far, Centralized is our only choice to play safely despite the threat of KYC. There’s a lot of bullshit decentralized casino out there that might scam us because we don’t know how to read smart contract code. Centralized casino is the safest available option for gambling.
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harizen
Legendary
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May 06, 2023, 11:14:42 PM |
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Almost the majority of casinos are using a third party game providers on their platform. That's the current setup nowadays even on fiat online casinos. That alone is the reason to be considered that almost the entire crypto casinos are centralized.
I've seen some decentralized casinos before but honestly I really don't trust them at all regardless of how regulated they are.
And you mentioned being good in slots? There's no such thing as good in slots as it was luck-based. Those you see who win big in slots just have the discipline to stop and enjoy their profits rather than being greed at all and expect more winnings.
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