At what point should you trust a gambling site?

[Eternad]

It’s a bit hard to setup sportsbook compared to adding casino games since it’s costly while the licensing and all the tools required are much harder to build than the typical casino games such as slot and live games.

Sportsbook is more complex to setup than a casino games. The title of this topic makes it hard to reply initially because different question. Anyone that doesn’t read the thread content will surely answer the title immediately.

[Judith87403]

A lot of new sites for gambling aim on casino games as they are easier and cheaper to operate. Casino games such like slots or roulette are mostly managed by software providers, and the house edge is always fixed, therefore the risk of the operator is predictable.

Sportsbooks are complex the more. They demand accurate odds, management of risk, live data feeds, and teams that monitor bets and help prevent manipulation. Making them very expensive to run. Regulation equally has a role to play, as sports betting is controlled strictly in many places.

Therefore the major reason are the cost, technical complexity, and requirements for regulation, that makes casino the only platforms simpler for new operators.

[Localhostspeed]

It’s a bit hard to setup sportsbook compared to adding casino games since it’s costly while the licensing and all the tools required are much harder to build than the typical casino games such as slot and live games.

Sportsbook is more complex to setup than a casino games. The title of this topic makes it hard to reply initially because different question. Anyone that doesn’t read the thread content will surely answer the title immediately.

I think the setup isn't the problem, you can easily set up a casino sportbooks than you can do with games but since casino games are programmed by the house, they can control the resources of the casino, they can decide the rate at which the casino generate revenue, they can decide to be wicked and they can decide to be generous for winnings. If you check sportbooks, the outcome is not determined by the casino but the outcome of the event.

Casino looks for the money that will come to their hands before they look for satisfaction. If satisfaction comes before other things, they may not even get the money to pay winners. I have seen casino launch game only to closed after 1 months of operation. Reason is there are more winners than losers and the casino doesn't have much to pay, if this was casino games they would have regulate the games to reduce the winners and control the pay out.

[Churchillvv]

This is just question that struck into my mind to ask the community to know the reason why most of the gambling doesn't list sport book to their site.

What I perceive from casinos no being able to have sportbook in its list is because it’s probably the most expensive part of casino and it require a lot of works which I believe that for some casino after existing for a long time they sometimes then announce that they are having sport bookings in the casino hence I am forced to think that some will probably have it in the list in future as they mature in the industry.

[alegotardo]

Well, we have been seeing the influx of new casinos and gambling site, but this only few of them barely have sport books in them, otherwise what they mostly list on their market is just casino games. I want to know why most of the gambling site doesn't like listing sportsbook and doesn't it mean that if they are not regulated they can't be able to add sport book to their site?

This is just question that struck into my mind to ask the community to know the reason why most of the gambling doesn't list sport book to their site.

Because the cost, i think... it os much more expensive and difficult to casino operate sports-books than casino slots.

Look at it this way... casino games are more "standardized", you have strong providers (and several options), RNG, audits, and clear and well-defined margins. But in sports-books, in addition to the issues of having a more complicated licensing compliance because you are dealing with bets that involve real facts (and can be manipulated), there is much more uncertainty with odds, limits, trades, real-time risks, live betting, arbitrage, the very suspicion of manipulation, etc.... it's more difficult to manage and riskier as well.

So, I think the problem is not a lack of interest of sites, it is the difficulty to operate a sports-book. I myself do not trust small or new casinos to place sports bets.

[Agbamoni]

Some casinos do not want a sportsbook on their platform, maybe they just want to focus on giving their users the casino experience only.

Another reason is that most casinos focus on casino games because sportsbooks can be very demanding. In a casino alone, game providers are responsible for providing the games, the platform only hosts the games and earns from that margin, while in a sportsbook, the platform will need to manage odds and risk to avoid exploitation.

[Odusko]

Most times I can say that the inability to have funding and team management can be the reason casinos can decide to start with their own original games instead involving third party odds provider that will require them to make additional additions and adjustments, this will be the main reason why casino run on their own original games like crash games.

[gunhell16]

My answer to the OP's question about the topic he raised is simple, and that is that casinos should be regulated, because in this way, let's say that their users will lose data privacy, and at least the security they want will be provided by the casino, which will also include the safety of their funds.

In addition, what some of our friends here said is also correct: since the casino is just starting out, they may not be able to buy it when they start because it is also expensive
when they buy it; that's why the risk is a bit high in the reality we are talking about here.

[Findingnemo]

Having sportsbook section is not a thing to trust the casino, even to run a casino the license is necessary so it's not about the regulations. And I would say I will start trusting them once I don't face any issues with my withdrawal, that defines their true intentions for operating because the ones with wrong intention will try to keep your funds in the platform and give you lame excuses.

[Aanuoluwatofunmi]

When you get to that stage of trusting a gambling platform, you will not have any doubt about concluding your intention to trust them, because by then everything would have been evident that they deserve to be trusted to an extent, however this does not also give us the full assurance that when we trust them, that they cannot disappoint us at any time by any means, because they have guidelines they follow in using their platform.

[SmartGold01]

To be frank, nowadays most of the casinos including sport book could be that very difficult for them because obtain and a operating license could be very hard for them because to me observed that it is the most transparent game, and most of the casinos that are not really ready to keep losing huge amount wouldn't be that willing to include sportsbook to their site. Casino game are that easier to be rigged by them game provider moreover if they are the one providing their games by themselves without other people providing the games, so this is also another think which I have observed on the sportsbook and they can't just manipulate it so easily.

[hyudien]

That how it usually works, new casinos often start by offering only slot games when they first launch. One reason is that slots can generate higher profits, and another is that they're currently very popular with players, and they'll gradually add other games like sports betting and more in the future once business becomes more stable.
It's similar to opening a small store with only a few products at first, once customers start coming in and business grows, the owner gradually adds more products, the concept is simple.

[Akbarkoe]

There are several possibilities for casinos that haven't yet incorporated sports betting into their casinos:
1. The casino isn't ready.
2. They don't know/don't understand how to manage it.
3. The casino is focused solely on gaming.

Or perhaps there are other possibilities besides those? Large casinos typically have sports betting within their casinos, indicating a mature casino capable of offering a wide range of betting services.

[Perfectbaby]

the reason why most of the gambling doesn't list sport book to their site.

According to research, different licensing is required before sports betting can be added to a casino site, this licensing is different for different jurisdiction and the cost of acquiring it can be very expensive, according to what I read it can range from $10, 000 to $500, 000, this makes it uneasy for them not to easily add sports betting. So, I believe that the high regulations demand is the reason and there is also a claim that the profit margin is low compared to slot and table games. To manage sports betting is not as easy as slot games because sports depends on real life activities with so many different variables, I can understand why new casinos would not still add them as soon as they start their casino.

Well, if you says this then to me it seems valuable because it I do not usually see them having a sportsbook. Usually I was thinking that is because of the transparency of the game that makes them not includes sports booking at the first time, but now you said that is licensing which also defers from jurisdiction. But however, if casinos are going for licensing they wouldn't mind going for the one they think they could afford to pay maybe that can only cover few countries.

[Alphakilo]

There are several possibilities for casinos that haven't yet incorporated sports betting into their casinos:
1. The casino isn't ready.
2. They don't know/don't understand how to manage it.
3. The casino is focused solely on gaming.

Or perhaps there are other possibilities besides those? Large casinos typically have sports betting within their casinos, indicating a mature casino capable of offering a wide range of betting services.

I would like to think of a reason like most casinos rent their website from a parent company of which provides the games and it is being paid for, so a sportsbook might just make the cost too expensive to incur until it can be affordable, but until then, most of these casinos would rather focus on casino games to make some profit and boost their business models before the inclusivity of sportsbook.

[NurseHub]

‎I don't think those casinos that don't have sports books see it as a challenge. There are other things to look out for if you have any doubt about the casino, like the withdrawal method, good customer service and fast response when having difficulty because deposits don't cause too many problems most times. Because a sports book needs a lot of validation to be used, and that validation comes with expenses which are expensive too. So some casino that hasn't got a sports book might just want to start small, and with time they advance.

[red4slash]

Well, we have been seeing the influx of new casinos and gambling site, but this only few of them barely have sport books in them, otherwise what they mostly list on their market is just casino games. I want to know why most of the gambling site doesn't like listing sportsbook and doesn't it mean that if they are not regulated they can't be able to add sport book to their site?

This is just question that struck into my mind to ask the community to know the reason why most of the gambling doesn't list sport book to their site.

Some sites always have their own characteristics for the sites they manage and I think the level of trustworthiness of a site is determined by the types of games they offer because they have their own characteristics here.

Some focus only on casino games some focus only on sports betting, and some focus on both types of games.
For me trustworthiness is about reputation and so far I haven't had any issues with sites that focus solely on casinos or sports betting as long as their reputation is good that's more than enough for me.

I rarely visit new sites before they've established a good reputation at least on this forum. I don't want to try them out even with small amounts of money because it would still be a loss if the site isn't worth visiting.

[obuoma]

I think the basic things that every player needs is to be able to deposit smoothly and make withdrawals successfully and according to the time specified by the casino. Apart from this, then having a support that is active and able to resolve issues for is another thing that make people trust a casino. These are the major reasons for trusting a casino but more details reason is not going against their own rules and TOS or even changing them when there is winning. We have seen instances of casinos changing their rules overnight without the notice of their customers and using same to deny people their winnings. These are dishonest behaviors that can cost a casino their reputation.

[mirakal]

Regulation is a different matter. Even the casino games they offer usually have to be regulated first before they can legally provide them. For example, popular providers like Pragmatic Play have their games licensed, so in most cases you’ll see those games only on licensed casinos.

If we ever have doubts, we can always check whether the casino actually holds a valid license. It should be clearly listed, and ideally something we can verify with the regulator or even with the provider itself. Sportsbooks are a bit different though. Adding that section might be more expensive for the casino, especially if they don’t market it effectively.

[alani123]

For me seeing a site here plays a very important role to me trusting it.

Bitcointalk has an active and functional web of trust so seeing trusted members vouch for a casino here is the most important thing.
I might even consider a casino could be an outright scam if I see no presence on bitcointalk at all.