Quote from: DubemIfedigbo001 on Today at 07:06:44 PM

Quote from: Odusko on August 12, 2024, 01:20:13 PM

The motive of this thread is for us to discuss what will be you stands if online casinos charges you fees on each game you play on them, same way excahges charges you on each trading position you open, and why should excahges charges fees and casinos not charging such fees, First of all the First objective of every business is to generate revenues, so at first I wasn't curious about this, but recently I began to wonder why the difference between excahges and casinos when both have similar features which are licensing and KYC.
If exchanges take trading fee's their call it value added taxes which some part get remitted to the government.
But online cryptocurrency casino's act in the same vain because both trading and Gambling are the same it all aim at either profits or lose, but while gambling plartforms let go of the fees, exchange charges us on each regardless wether we make profits or lose in the trading position.

Casinos does not need charge such fees because they are already very much profitable in their business with funds lost every minute by gamblers. Casinos on the other hand would loose most of their loyal gambling clients and people would not feel very comfortable to have fun there if they impose fees on them, it will feel as though the casino is extorting them. Someone like me would never gamble on such a casino. Instead of extorting from their clients, they should even come with incentives for their loyal clients, and it would make them to gamble more and the casino gets their profits as gamblers exhaust their bankrolls.

Trading and gambling have possibly the same modulus operandi, but we can tell that there are fewer gamblers than traders, trading is a career, not the same with gambling, the losses there are enough taxes, any other would significantly reduce the gambling population and I think it would be a very important tool to discourage people from excessive gambling too.

If ever a business or platform would really be putting up some fees, then it do really shows that they are really just that being too greedy and it would really be that impossible that gamblers wouldnt really be able to notice it out that they've been that currently being abused on this aspect. We do know that they do have that house edge on which we know that these is where people would really making up those
reactions on what the heck they've been doing on which adding up more deductions for your winnings will really be that imposed. Who would really be on their right minds on trying out to stay into something
on which we know that this isnt really that just right. Just like the rest been saying that on the time or moment that people would be seeing something like this then it would really be ending up
for you to be skeptical on playing.