Why we Decided Against Accepting Only Bitcoin @ Betflexi.com

[un_rank]

Unfortunately, that danger exists just like there is a possibility to perform a double spend for any other unconfirmed transaction.

Yeah, why most businesses choose not to accept 0 confirmation transaction.

The casino would, in that case, lose the money they would have otherwise made from that player. At the same time, they are not losing any of their own money.

They do actually. They profit from stakes, a lost wager is already the casinos reward. Losing that is losing their own money.

If a player did a double spend, the casino should ban them and blacklist anything they know about the person, like their IP, device used, etc.

There can also be a case of a player who uses poor fee estimation due to ignorance and lost a bet, but the transaction remains pending for several days. There is no proof yet that the user has an intention to scam but it creates a business problem.
If a casino uses this method, they need to have a suggested feerate that should be used to allow a bet to be placed without the need for any confirmation and this should be a rate that gets it confirmed within a few minutes.

- Jay -

[Pmalek]

They do actually. They profit from stakes, a lost wager is already the casinos reward. Losing that is losing their own money.

Sure, they would lose the possible wagers, but when I said they won't lose their own money, I meant it wouldn't affect their existing reserves. If the casino's reserves were $1 million before that wager was made, the existing reserves would stay as they were without negative consequences. 

There can also be a case of a player who uses poor fee estimation due to ignorance and lost a bet, but the transaction remains pending for several days. There is no proof yet that the user has an intention to scam but it creates a business problem.

If something like that happened, the casino's support would get in touch with the player and resolve the issue or an honest player would contact the casino and explain what happened. If there is radio silence from the player's side, then the casino has the right to believe that they are being scammed.

[Smartvirus]

They do actually. They profit from stakes, a lost wager is already the casinos reward. Losing that is losing their own money.

Sure, they would lose the possible wagers, but when I said they won't lose their own money, I meant it wouldn't affect their existing reserves. If the casino's reserves were $1 million before that wager was made, the existing reserves would stay as they were without negative consequences. 

That’s shouldn’t be difficult to understand.

Wagers just counts for initial stakes and that’s it. You either win or you lose it. In the event of a win even, it doesn’t necessarily mean the casino or bookie gets to loss money. A well patronized gambling site is always going to have those customers that would lose for others to get pained.

In most cases, it’s a win and win for the casinos or bookie. That’s why a couple of them are so successful and it stays that way for sometime.

[BitcoinGirl.Club]

Casinos always push the fees to the user. If you are withdrawing $20 and the priority fee is $15, you will only be getting $5 or less cause many poorly estimate fees.

Personally I do not like the casinos which push the fees to the users. On the other other hand, I know casino or sportsbook who pay really high fees in the withdrawal transactions but takes nothing from the players. These are my favorites lol.

[Betflexi]

Casinos always push the fees to the user. If you are withdrawing $20 and the priority fee is $15, you will only be getting $5 or less cause many poorly estimate fees.

Personally I do not like the casinos which push the fees to the users. On the other other hand, I know casino or sportsbook who pay really high fees in the withdrawal transactions but takes nothing from the players. These are my favorites lol.

Casinos often include transaction fees as a standard practice to efficiently manage operational costs. Whether it's for deposits, withdrawals, or processing payments, these fees help cover the necessary expenses incurred by the casino for handling financial transactions. This encompasses costs associated with payment gateways, cryptocurrency networks, and banking services. By transferring these fees to the user, casinos can remain profitable and continue to offer a wide range of payment options without having to absorb the costs themselves. For players, this simply means staying aware of potential fees when managing their funds in an online casino and enjoying a seamless gaming experience.

Betflexi.com however, absorbs all the fee so that our clients don't have to bear the costs. We are that considerate. Sign up now at https://betflexi.com