Post
Topic
Board Gambling
Re: Lucky Bity - New Bitcoin Casino
by
adaseb
on 27/11/2017, 07:34:51 UTC

Looks like a great site and it has potential.

However do you have enough capital to cover solvency in case the house edge doesn't end up in your favor.

Most new casinos these days should have at least 10 BTC in their cold storage and prove it with a signed message and time stamped.

Also small casinos should have bet limits and if someone bets can make the casino insolvent to limit their rolls for protection.

I asked this last week when this site first came online. It doesn't look like the owner has proved that he can have enough funds to cover everybodys funds in case the casino wins are favored to the gambler instead of the casino.

Please post proof that you are solvent enough with signing a cold storage address of all your available capital.

If he is ignoring means he doesn't have 10 BTC now to pay for winners. It always good that players need to ignore depositing big amounts or playing completely if owners don't hold money to pay winners. Since it is a new site all gamblers need to take precautions before depositing money.


Yes this is pretty typical with most of these new sites coming online.

Basically if some new site has enough capital, they usually include it in their thread without even having to ask for it.

They are basically banking on either nobody winning any money or people depositing and never withdrawing. And it will take one moderate sized whale to play and win and make a withdraw and the site will become insolvent right away.

Happens alot from time to time.