The Fairbet account is for the Steem Gamblers Association or SGA. Everyone on Steem has a vested interest to ensure scams on the blockchain are minimalized. Gambling takes many shapes and forms. For now, this account will be providing information about Steem based sites, starting with the ones which promise income streams from playing/investing (dividends). Betting is risky, the intention here is not to complain about bad luck-it's to ensure these Gambling Applications do as promised. You can read Hive account@crypticat's post calling for the SGA here
Gambling DApps
*If you would know of a site which should be included in future posts or notice incorrect information, please comment below.
Let's start with the worst offenders first. The anonymous individuals behind Hive account@steem-bet have been promising dividends for weeks now but say there is a small issue with engineering. They did a Hardfork to their token without consulting anyone; inflating their token, they sold some other SPT tokens without a proper whitepaper. Now they want to leave Steem altogether and bring everyone to a new site ran on Binance Coin. In a Discord a person called Shadowd representing Steembet asked Hive account@broncnutz, Hive account@fullcoverbetting, Hive account@thomasgutierrez, Hive account@cryptiat and Hive account@donald.porter if we would be interested in laundering money for some random people, Shadowd wanted to buy 50-100k USD in bitcoin a week for cash. Shadowd also agreed that it is difficult to make money following the law. Warning! Any tokens collected could be worthless, they also fake volume, lie and have terrible community management.
Hive account@epicdice has been paying relatively high dividends as promised for holding their EPC coin because not many have been issued. Remember dividends only come when someone has lost a lot of Steem. Epicdice does as promised here and Hive account@blocksensei or Hive account@fr3eze is associated with the account. Their promise that EPC token is going to rocket is unethical and they remain completely anonymous because Hive account@blocksensei understands that the site he represents is operating in a 'gray zone' aka. it is unlicensed and not permitted in their jurisdiction. The biggest issue with Epicdice is that they are frequently down for maintenance and there are numerous users who complain of extreme unlucky streaks. SGAs Rating remains neutral on this site.
Hive account@kryptogames has four games on their site and the best odds so far. 1% instead of 2% house edge on their dice. You will lose half as much money playing here as the two sites above they also offer blackjack and video poker which have even better odds than dice if you know what you are doing. Due to their fair odds and that more of their tokens have been issued, their dividends are lower than the other sites. In the end, you will likely do better playing here as the house always wins. Hive account@kryptogames is anonymous but there has never been an issue with dividends, you do have to manually collect them.
The reason for a Neutral rating, as opposed to a positive one, is because Kryptogames has an issue with bets registering. If you play a lot, depending on what device, which game, etc. Sometimes you will send money to them and your bet won't go through, this money is not automatically returned, instead you need to find the transaction record, message them on discord and ask for a refund. I can imagine thousands of Steem has been sent to Kryptogames that hasn't been refunded. They need to fix this issue and players have to watch their bets and be careful.
Hive account@cupz is a new entrant to the Steem gambling sphere. They are a promising casino, already offering four games including dice, player vs player 'Cupz', roulette and a yes/no game. Their Discord spokesperson Jonsey is a nice person and the site is too new to comment about anything. The volume is extremely low and any dividend holder could be waiting for a long time to get a payout. So far there are no issues and they have been very fair. Due to extremely low volume and lack of time to establish trust, they have a Neutral rating.
The Steem witness Hive account@klye created this website (which is down at the moment of posting) there are no tokens to deal with, you can bet on extreme outcomes and you can invest as the house with leverage. It is a unique concept and although there aren't dividends since they offer the ability to bankroll the game we will monitor it. This website is the only one where the creator is not anonymous, there are decent disclaimers or warnings and the developer is Canadian. The site is buggy and very Beta, so a neutral rating remains.
We were thinking of making a chart and assigning points to these rankings but it is so ambiguous that a warning, neutral and preferred ranking system is best. I will add to this post and update it regularly to keep players informed. Please share any useful information in comments below or on our discord https://discord.gg/xVcubXH If you are connected to a site in any way and think this information is misleading or wrong, we are open to a discussion nothing is set in stone.
I want to invite every single token holder, player, operator, Steemian to follow this account so we can minimalize future exit scams akin to what Hive account@magicdice pulled. Please re-steem and share.
Please note in no way am I suggesting any of the above are affiliated with gambling or these sites and SGA will not Spam tags.
Please share your opinion about gambling and how we should monitor these sites in the future and you're welcome to join our discord https://discord.gg/xVcubXH
