Should Online Casinos Publish Their Bankroll? Your Thoughts?

[JackpotRacer]

I am starting this thread and question as in a recent discussion a member answered me to my posting:

>my opinion is that legit casinos should publish the bankroll amount as I think a big bankroll will attract big and small players and a small bankroll will only attract small players if at all.

His answer:
I don't think this is really that necessary though I do agree with you that this move will definitely attract really big players to the casino if their bankroll is large enough, and would also raise the casino's reputation and customer's trust for them to the roof tops, but still, making this information public is still in the casino's descretion, it's up to them to decide to do it

IMHO By making the bankroll publicly available, online casinos would demonstrate their commitment to accountability and fair play.

I'm aware that there are different perspectives on this issue, and I'm eager to hear what the community thinks. Do you think that online casinos should disclose their bankrolls? Why or why not? And if so, what measures could be implemented to ensure accuracy and reliability in reporting?

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.

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

edit:

As a member wrote that I missed to add a poll, I have now found the option to add a poll.
If you think I should add a poll, please let me know. Thanks!

>  I thought about adding a poll, but then I was afraid that many spammers will just vote and not comment and it might give us a wrong picture.

[Slow death]

casinos could borrow bitcoin and altcoins from their friends and put them in the casino as if they were theirs and people would think that the casino has a very large bankroll and no one could say or prove that that money doesn't all belong to the casino owner. Now in my opinion the great advantage of casinos showing how much they have in their bankroll is that scammers who create new casinos with the intention of running the casino for a short time and taking all the money that people deposit in the casino and running away will have a lot of difficulty in its scam scheme, because the first thing that people will check is the amount of bankroll that the casino owner has and when they see that the casino owner has a very low bankroll then people will realize that they are facing a casino scam

which aims to run the casino for a short period of time just to collect people's deposits and then disappear with all the people's money. Also when a new casino appears to be reliable because it has been running for a while without problems, but has a small bankroll, rich players will avoid using that casino until the casino owner has a very large bankroll. In my opinion, this idea of casinos showing how much bankroll they have, is an excellent idea and would help people a lot when choosing which casinos they should use and would create a casino reputation system, in which the casino with the biggest bankroll would be on the top

[cabron]

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.

[Nwada001]

This will really help; at least players will know what they are going for. For example, VVIP players who play with a large amount of money should also be able to know if the casino can pay off a large amount of winnings if they win. 
 
Showing their bankroll shouldn't be the only thing here; at least there should be a level of transparency to verify if the funds made public are truly there or if they are from somewhere else. Another thing here is that having a large bankroll doesn't guarantee that a casino is not going to scam its customers. 
 
The level of trust that is to be derived from casinos is not determined by the bankroll they made public or what they promised their customers, but rather by how constant and fast they have been able to pay out large winnings from their casino to their customers without any form of complaint or sheddy behaviour to deny the withdrawal. All of the big casinos we have today all started small before they got to where they are now.

[swogerino]

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.

[Odusko]

Of what use it is to have high fake bankroll and still end up scamming players, off course we know how risky it is with most of this services when it comes to prove of funds, this can be faked at anytime and we shouldn't give that a thought when we making choice on which casino to trust.
They can display fake volume, just as exchanges display fake volumes just to attract traders and build a fake trust or believe in them, the best approach is for the casino to have long track records of positive operations and being among the leading casinos in the industry.

[seoincorporation]

I think there are only a small number of casinos with a big bankrolls, and that's why most casinos have a withdrawal limit each day/week/month, I don't think that's a fair play because if the game allows you to win 100k, then the casino should allow you to withdraw that amount.

So, i agree with OP, casinos should be transparent with the users and have a public bankroll, it should even be a requisite to get a gambling license. That way users will know if they can trust on the site or not.

[Cantsay]

It will indeed attract high rollers to that casino but the problem arises when scam casinos start to adopt that strategy.

A scam casino can easily look for loans (or anywhere they can acquire money) and display it as their bankroll which will eventually boost the confidence of high rollers to use it and make huge deposits knowing that they are capable of handling a high payment (in the case of them winning), but instead of them paying they'll lock your account and run away because they have successfully achieved their goal.


Sorry, a quick question:

 I believe that small casinos always have in their ToS the amount a user can withdraw within some timeframe. Can't high rollers use that to judge if that casino will be able to handle them or not?

[OgNasty]

On one hand it is their money and if they are privately owned it is nobody’s business. However, gamblers should be entitled to know their deposits are accounted for and that there is money to be won. Not to mention Bitcoin makes it possible to do easily, so it makes a lot of sense for casinos to prove a portion of their reserves on the blockchain.

[masulum]

As far as I remember, few years ago is there a casino that announced total players bankrolls every day. This is quite interesting, but I don't understand whether it is only in one country or in all countries. For me, that doesn't matter, because as long as they are a legitimate company, even without bankroll publication we will believe that they won't scam us. something that made me interesting on this, we can see the total of the losses or wins obtained by players, I even saw one day the casino experienced a minus, because total withdrawal is higher than deposit. I don't have a screenshot about this, since it happens few years ago.

[dothebeats]

Some casinos used to do that. They do it for transparency purposes to let gamblers know that they have the money to back up with their operations. It's a good thing they did that before, as there were a lot of scam casino operations back then that run once they got a huge payday or when they can no longer pay their customers back. In today's landscape, I see no need for casinos to do this, though it will be appreciated by the community as it's an effort they're taking to let their playerbase know that they really have the budget to pay out the winnings of their gamblers.

[piebeyb]

They don't have to publish it, after all, it's the same as baiting hackers to steal it, after all, there are many cases where some casino sites experience hacking and lose some of their money, even though in fact I never believe in hacking, it's the work of hackers, this casino is the most promising business for anyone who has Money can of course build this site but I'm sure the costs of building an online casino are definitely less than building a large offline casino, an online casino can be run by just a few people.

So it's possible that they won't be able to display their money to the public, they don't have enough money to show, so running this business without having to have a lot of money can already be run because casinos or gambling sites are designed to print money for their owners, so don't be surprised if the bookie always win because they have set it up to win and get money from all their users, just take a look out there there are no sites that honestly and openly publish their money at the start, I don't think there will be any because they run this business don't have to have big money in fact they can make a lot of money from their online casinos.  

[ryzaadit]

Usually for new-casino, really need to that because is to make sure they have money to be paid not based the deposit they're collecting. However, for a big online casino you can search by your self from the transaction you are made from the casino. Usually they will transfer your money using the hot-wallet and you can see how much money they have on different chain as well.

[Davidvictorson]

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.

[qwertyup23]

I definitely agree as this associates with the genuinity of a gambling website.

The problem with some of the gambling platforms is that they tend to claim that they will offer withdrawals for its users and even reward prizes but when a player wins a huge amount of money, they suddenly block their withdrawals out of no reason. Additionally, there are other gambling platforms who claim that they guarantee withdrawals but at the end, they tend to deny such winnings due to technicalities that they artificially created.

By posting their bankrolls, not only do its users see the current state of the liquidity of cash but also this gives them a guarantee that the company can supply withdrawals from what they promised to. This not only boosts their reputation but this can give them an impression that they are willing to supply its users with rewards.

In conclusion, I do think that online casinos SHOULD publish their payrolls to its users.

[Rruchi man]

This will really help; at least players will know what they are going for. For example, VVIP players who play with a large amount of money should also be able to know if the casino can pay off a large amount of winnings if they win. 

But do you really think that any casino will be truthful enough to publish a low bankroll not having enough money to pay out gamblers if they win big? Doing so may directly affect their business, scare customers away.

Showing their bankroll shouldn't be the only thing here; at least there should be a level of transparency to verify if the funds made public are truly there or if they are from somewhere else.

The process of verification can also be manipulated.

All of the big casinos we have today all started small before they got to where they are now.

Not all casinos started small, some casinos started big with a lot of funding, and have been able to maintain the standard.

[Mia Chloe]

Of course the use of bankroll on a casino page will definitely attract gamblers into venturing the games and gambling activities they have to offer. The fancier the bank roll the more customers are attracted to them in some cases. However aside the bank roll stuff, a good reputation has a strong role to play in how incoming gamblers view a casino. Even if the casino uses a very fancy bankroll to draw gamblers attention, the whole scheme will eventually fade off if they are not able to perform properly is a similar manner the information the bank roll is trying to pass and this could eventually make them lose customers.
Displaying their bankroll is not a very necessary thing as some persons are not moved by them especially because these day some casinos fake bankrolls just to get a bulk audience.

[Findingnemo]

Letting the bankroll for the public will create security concerns because if it's big amount then the hackers might target more attacks on specific casinos than they usually do and this may result in breach as well so let it be the casino's choice whether the bankroll is known for public or only for themselves.

Another possibility can be making it visible only for top tier players that can satisfy what you are asking and also mitigate the security concerns.

[AmoreJaz]

Of course the use of bankroll on a casino page will definitely attract gamblers into venturing the games and gambling activities they have to offer. The fancier the bank roll the more customers are attracted to them in some cases. However aside the bank roll stuff, a good reputation has a strong role to play in how incoming gamblers view a casino. Even if the casino uses a very fancy bankroll to draw gamblers attention, the whole scheme will eventually fade off if they are not able to perform properly is a similar manner the information the bank roll is trying to pass and this could eventually make them lose customers.
Displaying their bankroll is not a very necessary thing as some persons are not moved by them especially because these day some casinos fake bankrolls just to get a bulk audience.

In the early days of crypto gambling, I understood that we used to ask the bankroll of the casino just to know if the casino has the capability to pay winnings or not. But these days, I don't think it is necessary as there are measures that you can check if the casino is capable of paying their players or not.

And as you mentioned, about faking bankrolls. That is true, can we really get the actual numbers in case casinos make their bankrolls public? I don't think so. Instead, we can look for other aspects that can manifest that the casino is doing good in terms of their finances, such as -
> no withdrawal complaints
> fast withdrawal or no delayed payments
> can afford to release big winnings in a timely manner
> can run high stake contests
> can afford to pay popular celebrities or personalities as Ambassadors of their site

[coolcoinz]

You're asking about pros and cons, so here's mine:

P.
-Transparency. Showing an address with their bankroll and signing a message with it shows people the business is real and can be trusted. It of course can be faked because you can ask someone rich to vouch for you, while your real address is much smaller, but it's a step in the right direction and if any analysts prove that it was manipulated your company will take a PR hit.

C.
-vulnerability. By making an address public you're opening yourself to attacks, especially when your business is small. The attackers will know how much they have to bet to potentially bankrupt you, but it's up to you to limit their max bet in such case. Also, by analyzing the outflows they can find out what your exchange is, which can lead to some dangerous situations if an exchange goes down and somebody publishes that it could affect you.