The widespread trend of social/sweepstakes casinos! Are these considered legit online casinos? (strana 5)

Thank you! I moved your post to this thread called "The widespread trend of social/sweepstakes casinos! Are these considered legit online casinos?" If you browse its history you will find I'm also concerned when it comes to this part of the industry!

Your addition is well appreciated.

Hey guys!

🎰🎉 I just discovered this new social sweeps casino called The Money Factory. They're doing a soft launch today and giving away 3 SC free plus 15,000 GC when you sign up through this link! 💰🎁

✨🎲 Don't miss out on the fun and your chance to win big! ✨🤑

👉 themoneyfactory.scaletrk.com/TMF 👈

Hey there!

Something like this sounds really plausible "themoneyfactory"? 😀 If you are so eager to promote such a non-real casino, perhaps you can start by reading our terms of use: https://casino.guru/terms-and-conditions 👈

It's not just unethical, but also forbidden. Please do not ever do that again in this forum.

I would also recommend that you to think about how these "let's pretend to be casino" works. Can you, for instance, advise, what one can do when facing withdrawal issues? that would be truly appreciated. You know what? Read this thread to find out the background of this specific industry branch. 🚀

I am.noticing that most of these "social gaming sites" are reeling people in,showing fake wins ect.and the games are getting tighter,and also when they give you free sc to play they take it back,barely bonus rounds ect.I also notice some sites take days or weeks for redemption,I believe that's a trick for the consumer to put it back in their casino waiting so long for it to deposit in the bank,then they want to say "if you have a gambling problem call this number",I don't believe it's a gambling problem! These casinos,gaming sites or whatever they want to call theirselves are full of bs,they make games tight,give sc specials in packages to keep you playing and giving them money,if they weren't so tight and hard to play and they're making it a challenge, then we wouldn't have to put more and more in! Just my feeling and opinion.

I joined many of these social casinos and recently got out of them. Deposit after deposit lose lose lose. You will win one day when they allow you to. Such a scam network! Fake games, controlled RTP! I never heard of the The Money Factory but I am sure its the same as all the others.

Though I have no such complex experiences with these sites, especially regarding the payout ratio and RTP of their games, I still feel there should be some oversight authority. The way it works now feels more riskier than in common casinos.

If I may say so, my main concern is that they pretend to be casinos but don't have to be licensed as the standard online casinos should. So at the end of the day, where should the player turn to, if something went wrong with payouts?

I still have not yet found an answer. 🤷‍♂️

Hey guys. Long time no chat. How are you guys doing? I got a story to tell you guys about a social casino I just played at . The name is Hello Millions. The games are good but something happen today to me that tripped me out. This casino has this side bet where you contribute 10 cents for every SC slot spin that enters you to participate in a jackpot spin. The spin can come anytime while you are opt in and playing with sc coins. Today I was able to spin it twice and I hit a mini which is anywhere from $5 and up and I also hit a minor which $100 and up. I was happy then all of a sudden I was awarded GC coins. I was WTF?? I've spun these wheels before and I always receive SC coins. I contacted support and got a hold of a female name Candy and she told me this. This is a lil of our conversation.

Im sorry Candy, im just trying to get a better understanding because i dont see what your telling me on any of the lines under terms.

All im asking is please tell me what line under the jackpot terms that says while playing sc coins that i can possibly win GC coins

Candy

For every game you played in, you are automatically opted-in to Gold Coin (GC)Jackpots and have a chance of winning Gold Coins (GC) that fall into the conditions of the promotion terms. This also can be applied while you are opted-in for Sweepstakes Coin (SC) Jackpot.

Therefore, this allows the occurrence of winning Gold Coins (GC) while opted-in and playing at Sweepstakes Coin (SC) Jackpot.

ok. thank you. its still a lil unclear how they can be mixed together but i take your word for it.

i appreciate you taking the time because I was thinking ts seperate but now I know. Im being nice and when reading the terms, no where does it say it GC and SC are paid during this SC jackpot spin.

Hey there! Nice to see you back with very interesting addition to this topic.

I still find a few other things also a bit unclear for my taste, so certainly this experience is highly appreciated!

With luck, you won't find any other surprises 🙂.

I was browsing Casino Guru News when I came across the article SOFTSWISS breaks down social casino patterns and trends 👈 demonstrating how this segment has become of interest to even such companies outside the US market. Originally, it felt natural to cover empty spots in highly restrictive markets by transforming standard casino features into social ones, where players still invest money to play, easing the tiny line between social and standard online casinos.

As it now looks to me, the ultimately repeated benefit from the player's (?) perspective is referred to by gaming companies as "Combining gaming with social interactions provides a unique environment and neutralises financial risks. Players can enjoy activities like connecting with friends while playing their favourite games," 

Can't help myself getting rid of the thought that social casinos work very much the same as standard online casinos yet are more easily accessible thanks to lower initial "investment" on the very same market, providing an opportunity to start a common online casino with a higher level of player's protection options or requirements based on theoretical license.

Of course, I may be wrong completely, so come here and share your opinions, please.

I have another story I just experienced today. This time I was writing a review on trustpilot and saw this casino offering 100 bonus sign on. so i went on there opened up an account. The site is called LIBRATYBET.COM . Very different casino from anyother because currently it only has 4 games but I see more than 400 players currently playing. So i bet $100 bonus on this jackpot wheel and I won $12817. It states I have to make a deposit first before I can withdraw. I deposited $200 in crypto because thats their only method of deposit and the minimum deposit is $200. i depsoited the 200 and they did state that they take 2% from the deposit for processing fees. So now i was told i didnt meet the deposit requirement and I have to deposit 200 or more to fullfil the deposit requirement. Can you tell me anything about this site before I deposit another 200. I feel this is too good to be true. I also told my buddy about it and when he opened an account he bet the 100 on the same game and won 14000. But whats weird is during the game we watch it the average amount the pot was 2500 but when we bet the 100 bonus someone right after we place the bet comes in and bets 10,000 right afterwards. is it a coinsidence that both my friend and I won or is this a scam?

This is the thing! Such sites act like casinos, but as far as I'm concerned they are far from regulated. Due to that, we can't review them properly. Lacking more than just legislative insights to do so.

Every time I asked anyone where should I turn to if I didn't get the money from social casinos, I received nothing.

I would be very hesitant to deposit more, if I were you. Additionally, 200 bucks as a minimum deposit would be a pretty high sum even for a standard online casino. So why do they need such a sum if they are not ready to be properly established online casino in the first place, I wonder.

If you ask me, its safer to paly in a properly licensed online casino rather than to deposit in something that pretends to be one.

Not sure how reliable this is:

https://libratybet.com/provably-fair

it says: Provably fair

Roll Numbers

To create a roll number, Libratybet uses a multi-step process to create a roll number 0-99.99. Both client and server seeds and a nonce are combined with HMAC_SHA512 which will generate a hex string. The nonce is the # of bets you made with the current seed pair. First five characters are taken from the hex string to create a roll number that is 0-1,048,575. If the roll number is over 999,999, the process is repeated with the next five characters skipping the previous set. This is done until a number less than 1,000,000 is achieved. In the astronomically unlikely event that all possible 5 character combinations are greater, 99.99 is used as the roll number. The resulting number 0-999,999 is applied a modulus of 10^4, to obtain a roll number 0-9999, and divided by 10^2 to result a 0-99.99 number.

const roll = ({ serverSeed, clientSeed, nonce }) => {

const nonceClientSeed = `${clientSeed}-${nonce}`;

const hex = createHmac('sha512', serverSeed)

.update(nonceClientSeed)

.digest('hex');

let index = 0;

let lucky = parseInt(hex.substring(index * 5, index * 5 + 5), 16);

while (lucky >= 1e6) {

index += 1;

lucky = parseInt(hex.substring(index * 5, index * 5 + 5), 16);

// we have reached the end of the hash and they all must have been ffffff

if (index * 5 + 5 > 129) {

lucky = 9999;

break;

}

}

return [lucky % 1e4] * 1e-2;

}

I consider this to be a very fortunate coincidence, as yesterday saw the publication of a new article:

The growth of social casinos: Why are European suppliers using these as a gateway to the US? 👈

"The US social casino industry has experienced remarkable growth, driven by factors such as increased smartphone penetration, changing consumer preferences, and the allure of casino-style gaming without real money stakes. We know there is appetite from players, and we believe suppliers will soon see the boost that social casinos can provide to their offering."

Anyone have any thoughts? Again, it seems a little out of touch with what is going on. 🤔

Here's my thoughts. They dont have to have a gambling license. They can operate anywhere they want since its not a casino. They dont have to abide by the rules governing gambling industries. People get screwed because they have to pay 35-40% taxes and cannot deduct anything. They can close your account and not worry about any reprucussion because its not a gambling site. The USA doesnt seem to take pride in America it seems like because we are all immagrants here, we work hard to keep to stay here while corporations dont give a F. All they care about is money, politics care about votes and the President Democrats or Republicans dont care about working together no more. People are becomning more lazy and selfish. We expect a lot for the little we do. Please dont get me wrong, there are hard workers out there, majority are but we lost focus on Americans and more on foreign. Sorry went off the subject, The law has to be firm and make a ruling to protect what we have or else we lose it. My opnion is I love this Country but money and greed is destroying it.

Well, I would not put it the way you did, yet despite the politics or current "living trends", which I'm not well-inform about, I probably feel the same regarding these "casinos". 🙂