Post
Topic
Board Gambling discussion
Re: Will you still gamble?
by
South Park
on 22/08/2024, 15:29:25 UTC
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.
Poker already works like that, if you are playing a cash game the casino keeps a percentage out of each pot, this is called the rake and it is a tariff that you are charged because the casino is offering you its installations to play, so I think it is a fair trade if you ask me, however some casinos can charge you up to 10% for each pot and that can be quite high, as it means that you need to have a good hand whenever you participate on a pot or such a rake will not allow you to become profitable.