Should Online Casinos Publish Their Bankroll? Your Thoughts?

[Ruttoshi]

I will say that there is no need to casino to show the public what they have in their bankroll, because that is not what a gambler is after but to gamble and win big. Bankroll can be used to deceive gamblers, and this can be done by borrowing money from whoever, and showcase that money as theirs. Who will be able to know that the funds is not for the casino. I think that the casino reputation is better than the casino showing their bankroll.

One thing that makes me not to buy the idea of showing bankroll is that scammers can use this pattern to scam gamblers of their funds after a short time by not allowing winners to withdraw or even come up with different excuses to make sure that people continue gambling, whereas the casino is planning to go on exit, and nobody will sense it is same because you are seeing their bankroll. It is also risky as the casino will be vulnerable to attack

[JackpotRacer]

Let's start a discussion and delve into the pros and cons of this proposal. Your insights and opinions are greatly appreciated!

This kind of bankroll proof is always a request since before to the casino way back when online casino is still new since they often come and go when someone win big to avoid paying big time. But right now most of the casino has a license and backed by private company that fund their bankroll.

I personally like the proof of bankroll but I’m not sure if they will accept this proposal because casino operators usually doesn’t want to disclose an information like this if they are already paying a lot of their whale players withdrawal request.

Please refrain from personal attacks and insulting me or any other member as this is a serious issue and should be discussed accordingly.

Using blue color is not good in the eyes to read. Please use the regular black text. Not an attack. 

first of all thank you for your comment to this interesting discussion!

regarding Blue text please understand that this forum gives users many text format options and I use it. I can change the color to green but then users might say they don't like green 

so if you don't like Blue I will change to Green. also not meant as an attack or offense 

the color problem should not be a problem but as I don't want to go off topic I might open another thread with a poll with color usage or  not.

thanks again and hope to get more interesting views on or main Subject

[coin-investor]

Let's start a discussion and delve into the pros and cons of this proposal. Your insights and opinions are greatly appreciated!

I look forward to hearing your thoughts.

This is an online gambling platforms where attacks are evident if there are leaks on sensitive information like this and how they implement their security, I don't think any casinos even the big one will let its assets or bankroll exposed, they can only do this on agencies that monitor their compliancy.

There are other ways to prove how big the casino is, like their marketing budget, huge payouts and they can sponsors big events, not to the point that will lead to targeting sensitive information like their bankroll.

PS Please refrain from personal attacks and insulting me or any other member as this is a serious issue and should be discussed accordingly.

This is a very good discussion there's nothing in your post that will make members attack you, or make it personal.

[len01]

not sure if this has been answered other people before but in my opinion it is not necessary because we as gamblers need a reputation that is recognized by many customers and when a casino has a good reputation they will always have lots of rich or lower middle class customers and that meaning the casino has enough bankroll to pay gamblers who use large budgets.
maybe some casinos or most casinos don't really publicize the bankroll they have because there is a risk in the long term such as hackers who will target the casino's bankroll.
I really understand what you mean, maybe it could be a quick way to give trust and a good reputation to the casino by publishing their bankroll amount, but there is a safer way than having to publish the bankroll funds, namely by promoting or advertising the casino through the media trusted and collaborates with large companies or well-known platforms to give confidence that the casino has a large budget.

for example, a casino on this forum has been running promotions or advertisements for several years and pays out large amounts on time and it can be seen that the casino has a large bankroll without having to publish the amount.

[Blitzboy]

Casinos displaying their cash is brilliant. It exudes confidence, no? You know I like large, bold, and beautiful. A huge bankroll attracts whales and suggests a casino is serious. Every casino wants huge players, let's be honest.

To those who argue this isn't required, let me explain in plain language, no metaphors. Transparency builds trust. Trust attracts players. Players make money. It's basic business. The casino decides, but why not show your strength?

Technology ensures precision and reliability. Regular audits and blockchain technology can ensure transparency. Gambling reputation is everything. Show it off. And if not? It may be time to start over.

[killerfrost]

They might flash a giant number as their "bankroll," but that's like showing a magician's empty hat – the real trick might be hidden somewhere else. True transparency goes beyond a fancy number. We're talking about pulling back the curtain, showing how things really work.

Just because a casino boasts a big bankroll doesn't mean they're legit. Think of it like online reviews – you gotta look beyond the surface. Real trust comes from seeing them walk the walk, not just talk the talk.

The real test? How a casino handles big wins. Do winners get their money fast, with no funny business or delays? Remember, every casino giant started small. But their reputation isn't about where they began, it's about how they treat their customers, especially the lucky ones. A casino's true colors show in how they handle payouts, not how big and flashy they are.

[Adbitco]

I can go filter out any wallet address and displayed the balance in and pose to be mine while not but people around might be thinking that this man or so so person is very wealthy but doesn't know that it's only a filtered account or a watch account.
In essence, casinos can displays their bankroll and yet do not have up to that amount they are display over there.

Meaning it's very easy to deceive their players without knowing that such casino doesn't have that exact amount in their bankroll and secondly, displaying balance will attract rich people as well attracting bad people to keep launching an attack towards this casinos. For example, just like some centralized exchange where they kept having an attack is a result of displaying their balance.

[Dewi Aries]

I will say that there is no need to casino to show the public what they have in their bankroll, because that is not what a gambler is after but to gamble and win big. Bankroll can be used to deceive gamblers, and this can be done by borrowing money from whoever, and showcase that money as theirs. Who will be able to know that the funds is not for the casino. I think that the casino reputation is better than the casino showing their bankroll.

One thing that makes me not to buy the idea of showing bankroll is that scammers can use this pattern to scam gamblers of their funds after a short time by not allowing winners to withdraw or even come up with different excuses to make sure that people continue gambling, whereas the casino is planning to go on exit, and nobody will sense it is same because you are seeing their bankroll. It is also risky as the casino will be vulnerable to attack

Maybe the purpose of publishing casino money to the public is so that people believe that it is a casino that has a good financial level so that gamblers do not hesitate or do not feel worried if they manage to get a big win, because usually there are always casinos that in the end are unable to pay some gamblers who manage to get a big win that makes them feel cheated, on the other hand I quite agree with this idea even though basically publishing casino finances cannot fully give confidence to gamblers that they will really be paid when they get a big win.

On the other hand yes I quite agree with your assumption here that the idea of publishing casino finances can also be done by some casinos that actually have bad goals such as deceiving gamblers because they can show their finances which are actually not casino money but other parties' money whose purpose is only to lure and attract the trust of gamblers. Another thing is that if casinos really want to increase the trust and reputation of the company then in my opinion they should improve services to all their customers such as quickly solving problems and also always paying when a gambler manages to get a win, because obviously something that is only seen is different from something that has been felt, such as publishing casino finances is different from improving services for customers, because everyone prefers certainty.

[iv4n]

Well, it would be fair if casinos could prove they have enough funds to pay their max possible wins in their various games. That information should be public, at least in crypto it's simple to show the hot or cold wallet address and make this info available for all the players.

But the thing is that most of us play with lower stakes and we are not even near to max payouts. So this question is more for high rollers, people who play with big bets and chase high payouts, if I were a high roller I would choose a casino that can give some guarantees when it comes to their bankroll and max weekly/monthly withdrawals. Many casinos have pretty low weekly/monthly withdrawal limits, probably due to their low bankroll.

[Hirose UK]

Casinos displaying their cash is brilliant. It exudes confidence, no? You know I like large, bold, and beautiful. A huge bankroll attracts whales and suggests a casino is serious. Every casino wants huge players, let's be honest.

To those who argue this isn't required, let me explain in plain language, no metaphors. Transparency builds trust. Trust attracts players. Players make money. It's basic business. The casino decides, but why not show your strength?

Technology ensures precision and reliability. Regular audits and blockchain technology can ensure transparency. Gambling reputation is everything. Show it off. And if not? It may be time to start over.

It is indeed good if the casino wants to show the total bankroll amount because this will be reference for gamblers confidence that when they win big there will not be lot of drama that will occur and result in no payment for the winnings.
But is this guarantee?
I still doubt that this can guarantee that there will be no fraud when gamblers win big, especially if they are new casinos that do not yet have high reputation and trust among many gamblers.

Trust is built when the casino can provide service and comfort to gamblers, besides that trust will greatly influence the performance of the gambling site.
When the gambling site does not carry out manipulation or things that are suspected of being related to fraudulent attempts to harm gamblers, then over time the gambling site will have good reputation.
I admit this will be small first step to start building trust and reputation, everything will be much better if several other factors can also be do.

[Lanatsa]

As long as reputable casinos continue to pay huge amounts in a very fast amount of time by just doing their regular checks before releasing the withdraw no matter the amount of money requested this means they are very healthy in terms of financial stability and that is enough for most players.

However I agree that if they publish the bankroll this can further boost their earnings as most people that play there will use that as an argument to people wanting to join a casino and convince them,so that is a good move also and I don't see any danger in any reputable casino by doing so.

This what matter the most on which people should really be that having that consideration on taking up some risks on the time that they do make out some deposits specially on new platforms.
We've seen that most of those casinos that we do have today whether new or old, they dont really show up their bankroll to public and the reason is really just that obvious. We do really love
transparency but there are really things which arent supposed to be shared up. If they are capable on paying up those big wins then consider that they do have that huge bankroll
or capital.

Its impossible that they wont really be making those max bet limitation to avoid total wreck of their bankroll. Of course they will and having a gambling site business
is never been cheap and simple.

[Hypnosis00]

Perhaps, it was not necessary to do that because gamblers will be encouraged to gamble on that particular platform after seeing their bankroll is huge but because it can be trusted. Although we consider capital as our criteria but what we look the most if is their reputation as this will give us confidence to have a fair gambling experience. Therefore, there is no need for the casino to show their bankroll to the public but what they need is to show that they can be trusted. Aside from that this is also for security reasons that they need to secure first rather than gaining the interest of the gamblers.

[Heartilly]

It's unnecessary to publish a casino's bankroll in public as long as they are registered legally in the country where it is based and operating. By following the said country's gambling law, I'm sure they are serious about the business, meaning they have a large bankroll.

Besides, it's non-sense if these casinos start a business, spending much money on advertisement but in the end, their bankroll is not enough. If they aren't able to accommodate a big user winning, that will ruin their reputation and they might face a lawsuit.

My statement can't applied though for crypto casinos. In that case, I'm just relying on how reputable they are.

[mirakal]

Can't force them to make it public but sure it's a good idea to ensure the public they have the funds. It's a matter of transparency but this will also expose them to people who will try to ruin their reputation to their bankroll alone. Can't say it should be imposed on all after all there is no regulatory board that will make them do it for the casinos in crypto.

Let's say the casino's bankroll is already dwindling and people know about it. They might not be able to emerge from his blow because when gamblers see it, they will avoid playing at this particular casino.

This is probably one way to attract players in their casinos, by being transparent and let the public know that they have established sufficient funds and that they are capable to pay if there are lucky winners who are able to hit jackpot prizes when they play. And this will encourage more players to play in their site knowing their games are fair and are not rigged.

However, when it comes to a point wherein that casino is no longer productive anymore, I guess if they still remain transparent to the public, that would discourage players play in their site and will force to find more huge and reputable casinos that can pay them easily whenever they hit big winnings from betting.

[DubemIfedigbo001]

As long as reputable casinos continue to pay huge amounts in a very fast amount of time by just doing their regular checks before releasing the withdraw no matter the amount of money requested this means they are very healthy in terms of financial stability and that is enough for most players.

However I agree that if they publish the bankroll this can further boost their earnings as most people that play there will use that as an argument to people wanting to join a casino and convince them,so that is a good move also and I don't see any danger in any reputable casino by doing so.

On the contrary, the services alone is enough conviction to any potential customer that the casino its able to handle its financial disbursements without hitches. Publishing its accounts publicly does not sit week with me because telling people how much you've at the end of a period has a way of putting the individual in harm's way. If you've so much, you might catch the attention of scammers or hacker who would want to possibly exploit a security error and lot find from the casinos.

Actually, display of funds catches the attention of good and bad people alone and from the way the casino sites are constructed,  they're set to make payments once you request withdrawals, an experienced black hat hacker can take advantage of that, especially if their is an insider who is willing to cooperate when bribed.

[Lida93]

Big or small bankrolls I think all of that doesn't really matter with casino's reputation being put in check. And could only create some kind of intimidation among casinos between those of small bankrolls and those of large amount of bankroll.

On the other hand, some dubious unsuspecting casino's (mostly new ones that are just emerging) could use their size of bankroll to cover for being able to potentially keep a good reputation by coming into the market with a heavy bankroll that may drive in large attraction just to end up scamming the unsuspecting users.

So this is what I think about making bankrolls public by casinos, it should be at the casino's discretion and not under any enforcement laws that generally demands of it in order to avoid the above.

[Mahanton]

Big or small bankrolls I think all of that doesn't really matter with casino's reputation being put in check. And could only create some kind of intimidation among casinos between those of small bankrolls and those of large amount of bankroll.

On the other hand, some dubious unsuspecting casino's (mostly new ones that are just emerging) could use their size of bankroll to cover for being able to potentially keep a good reputation by coming into the market with a heavy bankroll that may drive in large attraction just to end up scamming the unsuspecting users.

So this is what I think about making bankrolls public by casinos, it should be at the casino's discretion and not under any enforcement laws that generally demands of it in order to avoid the above.

There are really people who are really that too meticulous when it comes to these kind of small details on which it would really be something that not really that much of a concern. What matter most on here is that those casinos would really be able to pay up whenever someones do win up big on which this is something that the most important thing. This is why it would really be better that you should really be wary
with those possible redflags on which you could really be able to check on.Its impossible that you wont really be able to make yourself wary about those possible scams around.

If you are really that sensible when it comes into your actions then having those kind of research would really be definitely be able to help you out when it comes on verifying things
whether you are dealing with the legit stuff or not. You cant really be able to tell it directly but it would really be impossible that you wont
really be able to determine on what are those red flags and what are those normal operations on which those businesses would really be doing.

[justdimin]

Please refrain from personal attacks and insulting me or any other member as this is a serious issue and should be discussed accordingly.[/color]

Not a personal attack, but I wonder why you thought of writing this with that font colour because I don't find that being reader-friendly and I had to select the whole text to make it more readable and easy to the eyes.

Coming back to the topic, just like that member, I don't see a reason for them to do so, though it can attract high rollers towards a casino that publishes their bankroll, it can have negative consequences as well, the very first consequence of that would be the eyes of people that always looking to attack casinos and other platforms to steal money. Once they see how much money they have, their efforts will increase and they will try and do everything they can to get their hands on the funds.

Other than that, it can be a bad move for casinos that might be struggling at some point in their operations because they can't always have the same amount of money and if big casinos start doing this, smaller casinos might feel awkward sharing their bankroll in the public and if they don't do so, that might affect their reputation.

[dezoel]

Thank you bringing up this very important discussion.
I wouldn't say I care if online casinos publish their bankroll. If this would attract big players cannot be based on their publication of their bankroll. Other features are involved in attracting big players which are years in business, reputation, marketing strategies, reviews, UI/UX, payouts, customer support etc

Whati think would have captured the overall view of the community would be if you had created a poll. It would have been interesting to see their votes and them read their views.

When we say big players, it can mean that they are mostly playing for the profit, therefore a big bankroll is important for them and when a casino has a big bankroll, they can do other things that you said there easily like having a good marketing approach, design, etc...

As we can see, a huge bankroll is vital for a success of a casino. If you are a gambler, you have your own favourite casino and you should wish the best for them, so that if they grow bigger they can give you an incentive as a way of saying thanks as one of their supporters. With that being said, each of us should care and we should support this " Show a bankroll " idea for casinos, but I think I already saw a couple of casinos on the past who does this.

[Hispo]

In my personal opinion, I don't think it is such a big matter whether casinos decide to make their bankroll public, to be honest. There are more important things which are of the concern of gamblers and bettors, like the reputation of the casino, in what jurisdiction it is established, the quality and quantity of games they have and also whether they have probably fair games or not.

Let us take for example the biggest brick and mortar casinos out there, in Las Vegas and in Southern Asia. Those casinos are only required to give information about their balances and profits to the government and regulators, for the sake of taxation, not more.

As long as a casino remains liquid and keeps it reputation with its gamblers (paying big jackpots without excuses) then I don't care to know how much money they have at hand.
Just my personal opinion, of course. Some could argue it could be constructive for small and new casinos to disclose their bankroll, for the sake of transparency with their new gamblers.