Real talk on reputable casino's scam exit.

[Lida93]

I do have an unsettling question with weight to ask which is a subject worth discussing about, being that we gamble and trust our funds into the hands of these gambling platforms, mostly the BIG REPUTABLE casinos without knowing what's their next plan.

We have seen how even the big reputable casinos are disappearing with customers huge funds which has made casino scams no more a thing more fearful among small struggling newly created casinos. How do we as gamblers handle this and do we have to again give trust to a casino who once for some reasons trampled on that trust.
Let's think deep on this, should gamblers take preventive measures by stopping to deposit huge funds into casinos no matter how big and reputable their long history is. Or am I just overreacting about this issue.

[Sandra_hakeem]

I do have an unsettling question with weight to ask which is a subject worth discussing about, being that we gamble and trust our funds into the hands of these gambling platforms, mostly the BIG REPUTABLE casinos without knowing what's their next plan.

We have seen how even the big reputable casinos are disappearing with customers huge funds which has made casino scams no more a thing more fearful among small struggling newly created casinos.

Really? So let's be realistic about this discussion. Can you at least name 2 of those reputable casinos that pulled an exit scam on their customers as of late? I believe we all need to learn from a  newly-raised concern like this one, and not just discuss for quota sake. There's a lot I have to say about the topic, but before that, I'll wait for your response.

Let's think deep on this, should gamblers take preventive measures by stopping to deposit huge funds into casinos no matter how big and reputable their long history is. Or am I just overreacting about this issue.

Since you decided to include the last part, It seems to me like you know exactly what you're doing.

[arwin100]

I do have an unsettling question with weight to ask which is a subject worth discussing about, being that we gamble and trust our funds into the hands of these gambling platforms, mostly the BIG REPUTABLE casinos without knowing what's their next plan.

We have seen how even the big reputable casinos are disappearing with customers huge funds which has made casino scams no more a thing more fearful among small struggling newly created casinos. How do we as gamblers handle this and do we have to again give trust to a casino who once for some reasons trampled on that trust.
Let's think deep on this, should gamblers take preventive measures by stopping to deposit huge funds into casinos no matter how big and reputable their long history is. Or am I just overreacting about this issue.

The exit scam happened on some reputable casinos indicates that we should not fully trust all of those platform even if we say they are doing good at the moment. Because anytime they would follow those actions done by other reputable casinos which turn as scam.

So always pay attention with risk and better not to put huge amount of funds on their account, just deposit the money they intend to gamble or those what they can afford to lose. This is really better so that they will not get depressed so bad if the same scamming cases will happen again on current reputable casinos they are playing.

[Joy- maker]

Let's think deep on this, should gamblers take preventive measures by stopping to deposit huge funds into casinos no matter how big and reputable their long history is. Or am I just overreacting about this issue.

You're not overreacting you are actually raising a valid concern.  Because even the most reputable and long established casinos carry risks.  Imo,  gamblers should avoid leaving huge amounts of money or depositing funds they cannot comfortably afford to lose in casinos or gambling platforms for their own mental health and for the protection of their finances.

Even a casino or a gambling platform with a good reputation and that has been around for decades can still vanish with users funds,  just the same way some reputable exchanges vanished with users funds during the early years of Bitcoin.

I am not saying that players should never deposit huge amounts of money into casinos or gambling platforms,  let it be an amount they can afford to lose because anything can happen.

[Lida93]

I do have an unsettling question with weight to ask which is a subject worth discussing about, being that we gamble and trust our funds into the hands of these gambling platforms, mostly the BIG REPUTABLE casinos without knowing what's their next plan.

We have seen how even the big reputable casinos are disappearing with customers huge funds which has made casino scams no more a thing more fearful among small struggling newly created casinos.

Really? So let's be realistic about this discussion. Can you at least name 2 of those reputable casinos that pulled an exit scam on their customers as of late? I believe we all need to learn from a  newly-raised concern like this one, and not just discuss for quota sake.

Let's think deep on this, should gamblers take preventive measures by stopping to deposit huge funds into casinos no matter how big and reputable their long history is. Or am I just overreacting about this issue.
[/i]

Since you decided to include the last part, It seems to me like you know exactly what you're doing.

Since you were too in a hurry to think that this discussion is for quota sake, I would deliberately quote you wholly for you to see how and who really did dropped a post here for quota sake in the manner you just quoted me.

To answer your rhetoric perhaps you need to visit the gambling more often than you visit the gambling discussion board you would have found out that the latest one was from a casino whom is known for sponsoring many contests in the forum.. You can find your answer there, because i intentionally didn't wanted to call any name.

[Dave1]

I do have an unsettling question with weight to ask which is a subject worth discussing about, being that we gamble and trust our funds into the hands of these gambling platforms, mostly the BIG REPUTABLE casinos without knowing what's their next plan.

We have seen how even the big reputable casinos are disappearing with customers huge funds which has made casino scams no more a thing more fearful among small struggling newly created casinos. How do we as gamblers handle this and do we have to again give trust to a casino who once for some reasons trampled on that trust.
Let's think deep on this, should gamblers take preventive measures by stopping to deposit huge funds into casinos no matter how big and reputable their long history is. Or am I just overreacting about this issue.

I'm not really sure what you mean by reputable casinos exit scam? Maybe there could be some accusations against them, but to totally disappear and ruin their brand name just because of that? I don't think that a well established casino is going to do that.

Maybe those casino is brand new as that is the case lately of some exit scams, not just casino or every services like tumblers. If what you are saying that gamblers should stop depositing then every brand name and reputable casinos should be suspected of an exit scams as per your argument.

[Findingnemo]

Can you also list the number of reputable casinos that rugpulled after a huge deposit?

I am not saying it can't happen but it is rare and we don't see it too often because a one-time chance to make few thousand dollars doesn't really compensate for what it took for the casino to build their reputation. Maybe the new ones can be seen in that way but not the old casinos with known positive user feedback.

Simply because they are losing long term revenue if they chose to do it, so I don't see why anyone would do that.

[coin-investor]

Let's think deep on this, should gamblers take preventive measures by stopping to deposit huge funds into casinos no matter how big and reputable their long history is. Or am I just overreacting about this issue.

Will casinos be worth an exit scam for them to throw away their reputation and their ongoing profits? If a reputable casino does an exit scam, they usually show some signs, like support ignoring withdrawals and complaints.
Even if those complaints are valid, they don't just do an exit scam immediately; the accusations will snowball because the casino is still accumulating funds from players' deposits before doing so.
It's not every day that we see a reputable casino do an exit scam, because it takes years and a lot of money to build a reputation.

[Lida93]

Can you also list the number of reputable casinos that rugpulled after a huge deposit?

Perhaps you can check into the page of this thread https://bitcointalk.org/index.php?topic=5088875.msg66852957#msg66852957 it's what informed my concern for a discussion.
 

I am not saying it can't happen but it is rare and we don't see it too often because a one-time chance to make few thousand dollars doesn't really compensate for what it took for the casino to build their reputation. Maybe the new ones can be seen in that way but not the old casinos with known positive user feedback.

Simply because they are losing long term revenue if they chose to do it, so I don't see why anyone would do that.

True it may be rare but this things happens especially with these casinos changing management or getting bankrupt it still would go as a scam exit for the victims despite how different general views might be.

[Shinpako09]

Only those that go bankrupt end up like this. If they go bankrupt, it means their funds were not enough from the very beginning to cover potential losses. A casino as big as the one in your signature won't end up like that. Aside from being reputable, they have enough funds to cover withdrawals, even from high rollers.

Those that turn into scams are usually the ones relying too much on the idea that the casino will always win. So even with a limited budget, they still try to operate, not realizing that a few high rollers could bankrupt them at any moment.

It's simple. If you don't fully trust a casino, even if it's reputable, then don't deposit a large amount.

[Son Of Blockchain (SOB)]

 Once, a casino is constantly accused of scamming their customers without them defending the accusations or try to sort out the issues of the customer, I'll no longer consider them reputable but a scam casino, I believe anyone that value the security of their money with a casino can agree with that.
 Well I understand that the actions of some casinos could make some gamblers begin to be suspicious like you're now but I won't judge every other casino with the actions of one or few, there are still good casinos that value their customers and consistently offer good services.

[Findingnemo]

Can you also list the number of reputable casinos that rugpulled after a huge deposit?

Perhaps you can check into the page of this thread https://bitcointalk.org/index.php?topic=5088875.msg66852957#msg66852957 it's what informed my concern for a discussion.
 

I am not saying it can't happen but it is rare and we don't see it too often because a one-time chance to make few thousand dollars doesn't really compensate for what it took for the casino to build their reputation. Maybe the new ones can be seen in that way but not the old casinos with known positive user feedback.

Simply because they are losing long term revenue if they chose to do it, so I don't see why anyone would do that.

True it may be rare but this things happens especially with these casinos changing management or getting bankrupt it still would go as a scam exit for the victims despite how different general views might be.

Thanks for sharing the details. I am unaware that BC turned into a scam and the one who promoted them is also the one said they can't be trusted anymore. And as I said, it is possible and someone took over the control and wanted to flip with some quick bucks rather than developing it as a brand may do. While others are still doing the way such as stake is one of the oldest and highly truste casino that has more than 50% of the marketshare in the crypto casinos and when they have that they can't focus on some quick millions.

[Curious T]

Gamblers can't stop depositing big money into casinos. Some people would always want to gamble big. I think your chances are way better when you stick to a reputable casino. It doesn't even have to be one of the biggest, but as long as they've been doing it for years and are reputable, I think it's okay to go with them.

The only preventive measure I can think of is not leaving your winnings in the casino. Even though the casino won't be an existing scam, we have seen cases where a particular casino had a hack and various accounts were withdrawn from. I saw the complaint on this forum. I can't remember the account. The issue was resolved, but that should be a warning that your winnings shouldn't be left in a casino, except if you intend to gamble with the money. Also, stick to reputable casinos when you're gambling big. I try new and smaller casinos, but it's with small money and relatively smaller potential wins till I trust them enough to make big deposits.

[emefewi]

Let's think deep on this, should gamblers take preventive measures by stopping to deposit huge funds into casinos no matter how big and reputable their long history is. Or am I just overreacting about this issue.

Honestly, you're absolutely right to be paranoid. "Not your keys, not your coins" applies to casinos just as much as it does to exchanges. It doesn't matter how big their signature campaign is or how many years they've been operating.
I stopped keeping my main bankroll on betting sites a while ago. The best preventive measure is depositing exactly what you plan to play with for that specific session.
These days I occasionally use a few different no-KYC sportsbooks, whether it's Stake, Cloudbet, Sportbet.one, or any other platform that supports quick crypto deposits and withdrawals. But I treat all of them the same way: send a small amount, place the bets, and move the funds back to my own wallet once I'm done.
Never leave a huge chunk of crypto sitting on their servers overnight. Use them for betting, not as a wallet.

[bitbollo]

I wouldn't be so pessimistic at all or at least I would see "a light of hope"...just because many years ago oe of the biggest operator has close their website, paying or refunding all bets and balances.
They bring also the full amount of referral money (even if they had no obligations!)
Its not enough they add also a "tip on top". Defintely an impressive experience, not only do I still have a good memory for their very  website or competion but they bring the first sports gambling on chain!

Nowadays few operators mantain this spirit of transparency but this not means new options and operators would arise.
Best solution? = play only small amounts "in general". Thats all. You can't risk a big chunk of your wallets in any case.
Split platforms if you don't feel confident. Withdraw daily or after each session.

[Dr.Bitcoin_Strange]

The thing is, despite the fact that some trusted casino has exited as scam and disappeared with players money, that does not mean that other ones will do the same thing, although I'm usually very carful not to let my money sit on the casino overnight because I don't know when they can have a challenge that lead to them disappearing with people's funds. I still trust the reputable casino I know, I deposit and play but I don't save my money on the website because that's the risky part. If you always withdraw your wins, you must have take off your money before they exit, maybe not all the time tho.

[Aanuoluwatofunmi]

How do we as gamblers handle this and do we have to again give trust to a casino who once for some reasons trampled on that trust.

Casino exit scam can come from any platform, it's not about being a reputable gambling casino or not, but we can only make use of a reputable one just to reduce the probability of getting to the end of the untrusted and unreliable platforms.

Secondly, whenever I discover an experience in this manner from a casino being found with scam record or attempt, then I'm not going to give them a second chance because the first one already served the warning to me or probably serve  an escape route, lastly, for you not to be much more disappointed in using a gambling casino, don't deposit any amount you can afford to you lose for gambling purpose on a casino.

[junder]

I do have an unsettling question with weight to ask which is a subject worth discussing about, being that we gamble and trust our funds into the hands of these gambling platforms, mostly the BIG REPUTABLE casinos without knowing what's their next plan.

We have seen how even the big reputable casinos are disappearing with customers huge funds which has made casino scams no more a thing more fearful among small struggling newly created casinos. How do we as gamblers handle this and do we have to again give trust to a casino who once for some reasons trampled on that trust.
Let's think deep on this, should gamblers take preventive measures by stopping to deposit huge funds into casinos no matter how big and reputable their long history is. Or am I just overreacting about this issue.

Depositing large sums of money into a casino, as I understand it, means using a large sum of money to gamble. Gambling doesn't have to be that way, as many people say, because it's better to use money you can afford to lose.

I've only experienced fraud once, involving what I considered a significant amount, and because of that incident, I stopped visiting that casino and even forgot its name.

[Mpamaegbu]

How do we as gamblers handle this and do we have to again give trust to a casino who once for some reasons trampled on that trust.

Once trust is breached, it's very difficult to amend without constantly reverting to where it was breached and the trauma it caused. Except for unintentional delays of payouts from a casino that can be tackled and amended, breach of trust arising from a scam activity or backhand is a no-no for me. I won't dare go to using same site after experiencing it first time.

Let's think deep on this, should gamblers take preventive measures by stopping to deposit huge funds into casinos no matter how big and reputable their long history is.

That's a shortcut to handling a situation like that. Trust with little funds at a time. Don't fund again until a deposited amount is exhausted. Lately, we've also been seeing same situation with mixers on the other forum where mixer campaigns are allowed. Some of them wait patiently until someone sends in huge cash to the site and like thunder the unscrupulous ones amongst them are gone. Site becomes unreachable and unavailable. We've to be careful this day.

[Japinat]

You use a casino, that means you trust them, but that does not mean you will deposit a huge amount without thinking of the risk in the future, like an exit scam.

You still need to manage the risk, you deposit but only up to what you can easily accept in case they scam, no casino is clean forever.

Sometimes internal problems happen, and either through inside job or system weakness, money can be lost in an instant, then they will declare bankruptcy and your funds will never be recovered again. That is the harsh reality, but we should be ready for that.