What if Crypto Casino Bonuses Became Player-Owned Rewards in 2025?

[justdimin]

This is an epic idea op, but it isn't the first time someone thought about it and it certainly isn't the last. It will remain as an idea only though primarily because casinos don't want to screw themselves by providing players with such a clear edge against them.

They are in the business of making money which is why they add so many restrictions to make sure that they always have the edge in the long term.

Yeah, the costs of running a casino must be high. You need customer support team, an in-house tech team, marketing team, and all other things. Now if someone is to run a casino like OP mentioned, I don't think they can sustain it for long.

I am always fascinated by the casino having their own token because it doesn't cost them and players get rewarded for their loyalty. I remember at goosebet, which I believe turned scam, had their own token and farming stuff where you wager and get their coins. Now Shuffle have a similar concept although they send the coins in the form of airdrop and it's not just based on wager only.

[Slow death]

When I read this thread I imagined if I owned a casino: I create a casino on the 1st of month X and have 100 employees who will receive their salaries on the 1st of the following month, I get 1000 customers, and offer bonuses to the 1000 customers. All 1000 customers play with the bonus and do not make any deposits. When the 1st of the following month comes and I need money to pay the salaries of the 100 employees, I look at the casino's wallet and it is empty.

Because the 1000 customers played with the money I offered them, it is not profitable to give bonuses without setting conditions so that players make new deposits, when the casino is already established. So it makes sense to give weekly and monthly bonuses based on the person's gaming activity. In other words, it is a bonus that comes from the losses of money deposited and played by the person.

If the person received a $5 bonus and wants to sell it, they will sell it for $6. So why the hell would someone spend $6 to buy a $5 bonus when they can deposit $6 and play? This idea will not go from paper to practice, because many casinos will not give bonuses without conditions and many people will not spend money to buy these bonuses.

[jcojci]

Casinos have their regulation which will profitable for them. But if they can see it is an opportunity for them to make more money, they will research first before they apply to their site. I feel satisfy with the existing bonus or rewards that many casinos use. After all, when we get the bonus, we own that bonus and we can withdraw it directly.

[Webetcoins]

Make bonuses tradeable: Turn bonuses into digital tokens you can sell, trade, or save, skipping annoying wagering rules?

Not sure what this means. How do you trade your bonus? The wagering rules are usually in places where casino offers deposit bonus or things like that. If wager requirements are removed, as I believe you want, then casino would be bankrupt the next day.

Prove it’s fair: Use blockchain to show bonus terms are legit, with no hidden tricks or fake odds?

They are still verifiable and that's why the crypto gambling industry got so big. You don't have to "trust" the casino when you can verify your bets and enter your own client seed, making it impossible for the casino to control the outcome.

I've played at bet365 and I can tell you some of the crypto casinos are on par with it and even better in some aspects. Bet365 does not offer weekly, monthly bonuses and the drops that almost every crypto casino offers these days.

[seoincorporation]

What if crypto casino bonuses stopped being shady deals and became rewards you actually own, built on blockchain for fairness and freedom? Picture a simple system where bonuses are digital assets, run by smart contracts, letting players control their rewards in a transparent, fun way.

More than rewards this sounds as giveaways on a way controlled by the blockchain, is about the custody of the coins, i don't see a big difference between getting the bonus from a smart contract or getting it directly from the casino, i know the smart contracts could be an automated process, but the casino can have a good control with those bonuses and paythem without problems.

And the problem about smart contract bonus is that they doesn't apply for all the blockchains only for those who have the smart contracts, that means bitcoin is our from this idea.

[tabas]

For decentralized casinos, this can be done. But I don't see any decentralized casino that have been long well alive. For the usual casinos that we have, this is not going to work. It's very easy to understand that they're the ones who own the platform, who owns the money that shall be distributed for the reward. And so, even with all of the suggestion that you have. With a simple clause that will come from them can forfeit your bonuses. That will make you understand that they're the boss of their own platforms and the rules they set which for most of us are fair.

[Perfectbaby]

This is a bit hard to implement our to even come to reality, because casino's doesn't give everyone same bonuses on their account, in fact how could you think of trading or selling off your bonuses to real money or other coin that can tradable?
I don't think this could be that possible in anyway because casinos aren't connected or sharing same data-bass where bonus could be transferred from casino to another in name of trying to it tradable or movable to other gambling site. In fact I must say the truth there could be a lot of compromise if I say because lot of people could cheat on it just for them to have much bonuses, although if this has to be implemented then I must say that their terms of operation could likely change because it would be stricter so that people wouldn't cheat on their bonuses.

[serjent05]

• Make bonuses tradeable: Turn bonuses into digital tokens you can sell, trade, or save, skipping annoying wagering rules?

This one we have already a casino that rewards their player with token that is tradeable.  So this kind of bonus is already existing.

• Prove it’s fair: Use blockchain to show bonus terms are legit, with no hidden tricks or fake odds?

It does not need a blockchain tech to prove that the bonus term is legit.  They already published it in public so everyone can see and verify their terms.

• Work across platforms: Let you use your bonuses at different crypto casinos or even in other apps, like games or NFT markets?

Again this one is already in the casino since their bonus NFT is transferable and sellable on other platform (exchanges_

Would this make crypto casinos way better than old-school ones like Bet365 or DraftKings, putting players in charge? Or would it be too complicated for casual players, keeping regular bonuses on top?   What’s the one thing you’d want in a new bonus? 

The existence of crypto casino give revolution to the old-school ones and with the help of web3 technology it is made possible that casino can run  a blockchain gambling games.

[davis196]

Picture a simple system where bonuses are digital assets, run by smart contracts, letting players control their rewards in a transparent, fun way.

Could a new crypto bonus system:

Make bonuses tradeable: Turn bonuses into digital tokens you can sell, trade, or save, skipping annoying wagering rules?
Prove it’s fair: Use blockchain to show bonus terms are legit, with no hidden tricks or fake odds?
Work across platforms: Let you use your bonuses at different crypto casinos or even in other apps, like games or NFT markets?

So you basically want to "tokenize" all casino bonuses? This cannot happen in real life.
1.The crypto casinos won't be interested in creating a "shared bonus system", where the users could simply move their tokenized bonus from one casino to another. No casino wants to give away it's customers to the competition.
2.Making bonuses tradeable? I wonder what would the monetary value of such bonuses actually be? Probably close to zero. What's the point of buying a bonus, when there's a big chance for you to lose everything on gambling?
Bonuses are bonuses, because they are offered "for free"(but there's always hidden strings attached), so that the gambler would be incentivized to deposit crypto in a particular casino.

[Hispo]

For decentralized casinos, this can be done. But I don't see any decentralized casino that have been long well alive.

They peaked when most people were talking about NFTs and Web3, so there were some casinos who wanted to take advantage of all of those concepts and buzzwords to promote their own services. Nowadays they do not have a very high volume when it is compared to the the volume of centralized casinos which offer a centralized but yet reliable services.
Some are still worth trying, but I would not deposit much onto their wallets and would not feel much appeal from whatever NFTs or tokens they could possibly offer to me in exchange of keeping a high accumulated wager.

It is rather a matter of taste, I guess. But the market does not lie. The majority of casinos which are centralized keep an advantage over decentralized casinos.

[Jawhead999]

Pretty sure the casino will bankrupt after 2 weeks.

If the casino can offer the player to convert bonus money to casino's token, they don't need to gamble at all, all they have is making deposit and withdraw it.

I don't see what thing can be improved by blockchain, there's always an improvement, but pretty sure it should be not making the casino bankrupt and the gambler not interested due to low bonus.

[r_victory]

Anything that benefits the gambler is welcome, but I don't think it would be advantageous for the casinos. When they offer you a bonus, they expect you to use it at the casino that gave you the bonus. That's how they make money, from your bets, unless the casinos make an agreement among themselves and, I don't know, create a mutual fund, a multi-signature wallet to ensure that this idea works properly. It may be viable for casinos from the same company, but between different companies and competitors, I think it's difficult.

[gunhell16]

Please, for god's sake, do not mention Blockchain around every topic. Trustworthy casinos mention bonus terms and conditions all the time. How is it possible to built them on blockchain? Could you please explain more? Or do you mean to inscribe reward terms and conditions on blockchain as Bitcoin ordinals?

Tradeable bonuses sound cool not smart. Bonuses always come with wagering terms, it's a little bit crazy to pay money in bonus that requires 40 times wagering but anyway, if you can talk about it in more details, that will be very good. By the way, bonuses are mostly individual and casinos don't want to offer the same bonus to other players.

If you want to use bonuses on different crypto casinos, then they should form a partnership and all of them should be a platform that will share the database and will let you claim or trade bonus on all of them, that's a bit crazy.

The idea is to think crazy!
Why blockchain coz want to envision it so .. hence the mention

some bonuses may be indivdual but stuff like welcome bonus bla bla ... thinking about those...
its just a thought - jump in for the fun!!!

You know the bonuses that casino platforms show or do online, we know that they are to attract them to catch fish whether big or small fish. In short, they are really using that for them to survive their business and that is normal in my opinion.

Now what I don't understand is what is the connection between blockchain and the casino we are talking about here? because I seem to be getting carried away by your reason, dude? All I know is that if you have a bonus that you have received depending on the money you have deposited, there is also a required wagering that must be followed most of the time, right?

[Merit.s]

OP, it looks like you want to send all crypto casinos packing from the industry because how will they make profit just because they have you bonus, and you want to use the bonus to trade, play in various casinos and also be in the blockchain. Holy shit.

Casinos would never do that because they will shoot themselves on their own fit. Think of possible things and not the impossible.

Casino gives you bonus in order to show appreciation and wants you to have fun in their casino but human becomes greedy and want to use this bonus to get profit from the casino.

[Fivestar4everMVP]

Anything that benefits the gambler is welcome, but I don't think it would be advantageous for the casinos. When they offer you a bonus, they expect you to use it at the casino that gave you the bonus. That's how they make money, from your bets, unless the casinos make an agreement among themselves and, I don't know, create a mutual fund, a multi-signature wallet to ensure that this idea works properly. It may be viable for casinos from the same company, but between different companies and competitors, I think it's difficult.

Not just difficult but completely undoable, online competitors in business, most especially casinos can never accept to work together except two or more casinos under the same parent company that owns them, then this ones can work together as joint partners in the gambling business so as to attract more customers.

But then, just as you have said, ops idea is or was a really good one but unfortunately, it's comes with many downsides which will likely not be acceptable to even the least of casinos, what ever benefits the customers and does not benefit the casino x2 or more may absolutely be unacceptable to or by the casino, we can say this is an idea that died on arrival - unfortunately.

[maydna]

Some casinos have their own token which can tradeable when it reach minimum amount. But bonuses will be given by the casino to the gamblers who eligible. When we get the bonus, we really own that and can be used but there is some bonuses that have requirement that twe should fill before we can have it.

The casino can say they are provably fair but I don't think much about that because I just an ordinary gamblers who just want to playing gambling as a simple. But so far, bonuses from casinos are legit and that make many people want to get it.

Perhaps, you will see your ideas implement in the future especially if casinos can see the benefit for them. Gamblers want bonus and if they think that they can fill the requirement, they will try to get it.

[iv4n]

Could a new crypto bonus system:

• Make bonuses tradeable: Turn bonuses into digital tokens you can sell, trade, or save, skipping annoying wagering rules?
  
• Prove it’s fair: Use blockchain to show bonus terms are legit, with no hidden tricks or fake odds?
• Work across platforms: Let you use your bonuses at different crypto casinos or even in other apps, like games or NFT markets?

Besides all the crazy markets we have in the crypto world, we still need a market for bonuses & wagering requirements. I'm trying to understand it, but I can't... how would that even work? And who in their right mind would buy that?

Ok, let's somehow prove it's all fair & square, but how do you imagine connecting all those bonuses, fairness, and different casinos?

Would this make crypto casinos way better than old-school ones like Bet365 or DraftKings, putting players in charge? Or would it be too complicated for casual players, keeping regular bonuses on top?   What’s the one thing you’d want in a new bonus? 

I find your ideas incomprehensible... I understand to some extent how it might look, but what would be the point of all this? What exactly would be good & beneficial for us players here that we don't have now? It would be great if you could give some concrete answers.

[gunhell16]

When I read this thread I imagined if I owned a casino: I create a casino on the 1st of month X and have 100 employees who will receive their salaries on the 1st of the following month, I get 1000 customers, and offer bonuses to the 1000 customers. All 1000 customers play with the bonus and do not make any deposits. When the 1st of the following month comes and I need money to pay the salaries of the 100 employees, I look at the casino's wallet and it is empty.

Because the 1000 customers played with the money I offered them, it is not profitable to give bonuses without setting conditions so that players make new deposits, when the casino is already established. So it makes sense to give weekly and monthly bonuses based on the person's gaming activity. In other words, it is a bonus that comes from the losses of money deposited and played by the person.

If the person received a $5 bonus and wants to sell it, they will sell it for $6. So why the hell would someone spend $6 to buy a $5 bonus when they can deposit $6 and play? This idea will not go from paper to practice, because many casinos will not give bonuses without conditions and many people will not spend money to buy these bonuses.

You know what you're saying here, that's why the bonuses that casino platforms give have requirements that must be met and followed because just think about it, if you give bonuses, then when they deposit funds, they automatically have a bonus and what the depositor will do is immediately withdraw the bonus they got and only leave a small amount, well, it will look like you're doing charity, not a business.

What you're doing is not a casino, if we're the owner of the casino with that kind of system, that's why I understand the casinos that have bonuses but they have terms and conditions
because they do business through gambling online casinos.

[Cointxz]

Perhaps, you will see your ideas implement in the future especially if casinos can see the benefit for them. Gamblers want bonus and if they think that they can fill the requirement, they will try to get it.

I dunno but OP suggestion sounds like a charity rather than a bonus since there’s no casino will offer bonus that has lousy ToS just to reward user.

Bonus is being use to attract players to play due to high amount but it comes with ridiculous ToS to make sure it will not be claimed by players. Everything is calculated by the casino when it comes to bonus so as a business owner this is not feasible unless the casino is owned by community and not by a private company.

[Woodie]

Bonuses should never be complicated, where Blockchain based or straight up cash equivalent rewards... The thing that gives bonuses a bad name is the abuse by players in trying to get easy by downloading it  if only we understood that bonuses are meant to give players funds to try out games available on a platform and not necessarily even considering downloading those funds..But regardless, the enemy of bonuses is player abuse which brings problems altogether.