Bettors: the Cash Cow for authorities & Investors in the industry

[Odusko]

The truth of the matter is that there is always a smart play in an industry or environment where money is involved, and we have to realize that making money is not just about working hard, it's also involves being smart in all your dealings as well, infact, if we actually will sit down and watch carefully, you will realize or see that working hard is no longer as profitable as it used to be in a past when technology wasn't as advanced as it is today.

So, I think ever bettor needs to wise up, this is very important to avoid being or getting into troubles with the casino that will cost us our money, because we all will agree that up till now, casinos won't hesistat to pounce on a user they find breaking their terms and conditions, this is where some casinos makes extra monies from, from confiscating to seizure of the balances on offending user's accounts.

Gamblers who are wise are already adopting technology and tools like AI to predict games outcome and is giving them high success rate, but the bottom line of this is that, Gamblers will still be on the losing side regardless because gambling is never designed to reward players more than it rewards the system that built it no matter the level of smartness we play with.

[Orpichukwu]

And with some of the casinos and gambling sites hiden some of its T&Cs, it is very unfair for users experiencing casino suddenly requests for KYC unjustly or allowing users make deposits and play fairly but when you win hugely, they reveals their hidden policy with some of them aiming to forfeit the players funds over bypassing with VPN or requesting KYC.

Any casino whose policy is not clearly stated should be avoided, or you should ask for a clear explanation before using it, and in terms of KYC, casinos might not ask for it instantly, but that does not mean they won't ask for it. As long as it's part of their policy, it's still their right, but what they ask for as part of the required document to pass the verification is what matters.

[Myleschetty]

Perhaps the betting industry has become a very lucrative business place for investors and the governments being aware of it is why they consciously fines the casino's with all the huge amounts of thousands and millions of $, £ and the rest for their illegal operations and the sites knowing how profitable the market is clears the fine just to remain active.

Gambling is a lucrative business even when it's not abused, but that doesn't mean some people won't use their dishonesty to feed their greed for more money. The same thing goes for government organizations that operate in the industry.

And with some of the casinos and gambling sites hiden some of its T&Cs, it is very unfair for users experiencing casino suddenly requests for KYC unjustly or allowing users make deposits and play fairly but when you win hugely, they reveals their hidden policy with some of them aiming to forfeit the players funds over bypassing with VPN or requesting KYC.

Any casino that is unreliable or conceals its terms and conditions is never worth using, let alone making a deposit on their website, as their goal is to strategically deceive their customers.

This similar game is what the governments also plays over the casinos who are operating without license in highly regulating areas, the government allows them dominates before placing charges on them.
Of course these are realities from experiences.

You have to act like a thief if you want to catch or beat him at his own game, and we can't blame them for that since the reasoning will allow them to profit more from the casino's unlawful habit.

Don't you think there is a Smart Play in the industry?

Every industry has smart play, so if you want to enter one, you should be well-informed because there will always be someone engaging in illegal activity for personal benefit.

[Sanitough]

We are the lifeblood of the gambling industry, without us they will not survive.

And if we look at the big picture, it is very obvious that we at the bottom are the ones giving money to them, yes we win sometimes but in the long run we lose, if we do simple math we know we never really make money in gambling.

However, why are we still staying, that is due to the simple reason that we enjoy what we are doing, so we are a cash cow yes, but we are willing to be that in exchange for entertainment. We only question this reality if we are not benefiting in gambling, and if you ask what's the benefit, ask yourself you know the answer.

[Dr.Bitcoin_Strange]

Things can be done rightly to avoid all that unnecessary drama, you know that? If a reputable casino doesn't want all those kind of disturbing drama with the authorities, they will have to comply to the gambling regulations of that country and they will also need to have the license that will make them legal to avoid the government suing them or fining them to pay some huge amount of money. We the player must also be careful with the kind of casinos we use, it's not best to use any random casino when you have not yet check if it's reputable or not.

[Btcdeybodi]

Any sensible casino will not want to operate without a license because they know how funny the government can be by imposing heavy fines and regulatory sanctions on casinos that are not licensed when they observe that the casino is becoming popular since they know that it will be difficult for them to halt their operation.

You are only talking from your genuine mindset but I am sure you are also aware that there are still most of the casinos operating illegal even in highly regulating areas.

Of course they are also aware of the risks and penalties but the rhythm behind that their ignorant is the fact that they can still afford the fine after being captured users in their platforms believing negotiation can sort it when they gets apprehended and sectioned by the government.

I'm not disputing the fact that some casinos operate without licenses, they do, that is why i said any sensible casino will surely pass through legal validation before operating in any country. Imagine if a casino is operating without licence when they are aware of the penalty if they are caught so will they prefer getting the license to operate with or paying a fine and afterwards still pay for licensing?

About the aspect of bypassing KYC verification, it is mostly done to drag many customers to the casinos then after some time they will be required to undergo KYC. If you are someone that stake bets to win huge amount just make sure you do KYC verification as soon as you open a casino account because if you think that a no KYC casino will not ask you for KYC when it involves a huge win then you must be joking.

This is very crucial and very risky for those who finds it easy to bypass the sites polices because you will be thinking for the fact you have got access to the site that you have scale through freely, you are definitely going to be on a watchlist by the management and you are definitely going to get hit hard when you falls into their trap.

Yeah, some casinos still try to entice gamblers to gamble on their casino site without KYC, and there won't be any problems but wait until you win a big amount and see if they won't request for KYC which will even be so stressful for them to validate even when they know that the KYC documents are correct.

[suzanne5223]

The gambling industry is no more friendly, it is like every sides with authority is just looking out to when anyone falls victims so that they can be charged with legal fines for breaking the rules.

The authority never acts in favor of the gambler's right from the get-go, and I don't think it's wise to expect them to do so now. Besides, gambling was stated to be a game of chance and the odds are never in the

While the governments may fine casinos and gambling sites for breaching the licence regulatory policies in their various jurisdictions, the casinos and gambling sites are there exercising their own authoritiveness on gamblers on bypassing their Kyc's.

We will always see casinos that do this thing, and that's why it's important for every gambler to always check the level of genuine service of a gambling platform before using it, because there are a lot of casinos that know the right thing, but they like to milk their users so they can make more money.

And of all these authories, the bettors remains the vulnerabilities in the playground of the regulating casinos and the gambling companies.

Bettors remain vulnerable in the unregulated gambling space, either, and I believe for gamblers to be on the safe side is the reason why this forum never supported shady casinos.

[EluguHcman]

The truth of the matter is that there is always a smart play in an industry or environment where money is involved, and we have to realize that making money is not just about working hard, it's also involves being smart in all your dealings as well, infact, if we actually will sit down and watch carefully, you will realize or see that working hard is no longer as profitable as it used to be in a past when technology wasn't as advanced as it is today.

So, I think ever bettor needs to wise up, this is very important to avoid being or getting into troubles with the casino that will cost us our money, because we all will agree that up till now, casinos won't hesistat to pounce on a user they find breaking their terms and conditions, this is where some casinos makes extra monies from, from confiscating to seizure of the balances on offending user's accounts.

Gamblers who are wise are already adopting technology and tools like AI to predict games outcome and is giving them high success rate, but the bottom line of this is that, Gamblers will still be on the losing side regardless because gambling is never designed to reward players more than it rewards the system that built it no matter the level of smartness we play with.

So since we have all learnt of this term that tends to profer the casinos more money in the smart play, we users of the platforms should be endeavoured to play safe so that we don't fall into victim of enriching them.

Let the benefits they gets from from users just end on the lost games because, it will be a heartfelt if our funds are being confiscated on the process of out shining the casino either by cheating or ignorant to access the trust level of the casinos with their T&Cs.

I repeat... Gamblers will always remain the vulnerables in the space.

[Bushdark]

Things can be done rightly to avoid all that unnecessary drama, you know that? If a reputable casino doesn't want all those kind of disturbing drama with the authorities, they will have to comply to the gambling regulations of that country and they will also need to have the license that will make them legal to avoid the government suing them or fining them to pay some huge amount of money. We the player must also be careful with the kind of casinos we use, it's not best to use any random casino when you have not yet check if it's reputable or not.

If all casinos have to agree to these rules and regulations, that means that there will be nothing like no KYC casinos.
A lot of players don't want to keep their information to the casinos they are using which have been giving everyone the option to select from the numbers of casinos that we have in the industry. Some casinos are known to be KYC casinos which are fully regulated by the government and the government can demand for the information of any gambler they want and if there is any refusal for that, they can be sanctioned because they are fully regulated by the government.

[junder]

The existence of sudden kyc or revealing their hidden policies, for example when players make large withdrawals this may be an annoying situation but on the other hand players have no option but to follow it so just do it.

And what I think is that for casinos that have a lot of customers they may have been able to finance the capital to build their business or casino and after that with people still visiting and betting it becomes a steady income for them. And another statement with the government I think they also get the benefits that have been agreed at the beginning with the casino owner.

[imthegreat]

In the gambling industry, the laws of the ordinary market and business seem to completely disappear. Consider this: casinos essentially generate money out of thin air, giving gamblers nothing in return. Casinos don't produce goods, only services, and that's only in brick-and-mortar casinos. Online casinos don't even have rental space or hired staff to interact with players. Also, consider advertising. The best advertisement in a casino is the gamblers themselves. Specifically, how they tell everyone how they won, boasting about it, even though they were simply lucky.

[Die_empty]

So since we have all learnt of this term that tends to profer the casinos more money in the smart play, we users of the platforms should be endeavoured to play safe so that we don't fall into victim of enriching them.

Let the benefits they gets from from users just end on the lost games because, it will be a heartfelt if our funds are being confiscated on the process of out shining the casino either by cheating or ignorant to access the trust level of the casinos with their T&Cs.

I repeat... Gamblers will always remain the vulnerables in the space.

The assumption that casinos are always on profit doesnt sound perfect to me. If casinos only make a profit, most people will want to invest in them. I assume that casinos make both profit and loss. However, a well-run gambling business will always have good returns. Casinos can go bankrupt because of constant wins from users.

But I agree that gamblers are disadvantaged. So it is highly disappointing and painful when casinos want to use tricks to deprive gamblers of legitimate wins. 

[Livingleged]

If there was not a flow of money because of activities like gambling and betting, then they would not exist at all. Nobody provides a good or some service to lose their time and effort, they do it because they want to turn their time and effort into money.

Honestly there could not be a better justification to this subject matter, its is just true as you have just stated it. if there was no flow of money because of the gambling activities then it would have been probably being eradicated and might not even exist. its something that both parties involved are benefiting.
As for casino that allows players to gamble on their site even without kYC is just a form of marking they get you in and require you to do KYC when the need arise, maybe you initiated a withdrawal. if not no sensible bettor will want to use platform that doesn't ask for a KYC registration.