Friday, September 23, 2016

Yet Another Casino-Chip-Color-Up Roulette Scam

Same Colors Different Values
It just keeps happening.

The seemingly ridiculous roulette scam where one player buys in for a color of minimum-denomination roulette chips, then holds on to a few while cashing out the rest, then passes those kept to a roulette-cheat partner who buys in for the same color chips at a different table for a higher denominaion, and then upon cashing those out, mixes in the chips received from the original cheat.

And it just keeps working.

The cheat scheme usually sees the first roulette cheat buying fifty-cent or one-dollar roulette chips while the second roulette cheat cashes out a handful of them at another table as twenty-five-dollar roulette chips.

So the profit is $24 per chip.

A skilled roulette cheat team working a busy night in a big casino with lots of roulette tables can make off with several thousand dollars during a single shift.

The latest instance of this roulette color-up scam resulting in a bust occurred at the L'auberge Casino in Baton Rouge Louisiana. The reported take was  nearly $5,000 and the person responsible was twenty-eight-year-old Emiliano Rodriguez of the Bronx, NY, where a large number of these roulette color-up cheats come from.

The roulette cheat scam is generally done at Native American Casinos or in Riverboat Casino districts where roulette scammers believe casino security and surveillance is less efficient than in Las Vegas or Atlantic City.

Ohio casinos have been especially hard hit by this roulette scam the  past few years.

And, unbelievably, the majority of these scams go unnoticed by casino authorities in all types of casinos.

Wednesday, September 21, 2016

Bitcoin Online Casinos Cheaing Risk?

Should you?
The newest fashion for online poker and casino operators to skirt US justice and entice US online poker and casino players has evolved into Bitcoin casinos.

Many are popping up now all over the Internet. The idea exploited by these online casino operators is that since the Bitcoin is almost a perfectly undectable currency, online poker and casino players can trade with it to avoid problems with US banks and Credit Card companies when conducting financial transactions with these online gaming companies.

Yes, this is quite an effective method to lure US online gamblers, but how safe is the actual gaming and poker-playing on Bitcoin gaming sites?

And how safe is your account?

Well, the first two issues to examine are whether or not the Bitcoin casino is licensed and regulated, and whether or not it has a strong support system to aid players on the site. If the answer to either of these questions is no, the riskier it may be to play on the site.

However, off-setting these concerns is the simple fact that if a Bitcoin casino operates on the same premise of all other online casinos, which is the built-in house advantage that they all enjoy, it really has no motivation to cheat, especially if it has plans to remain in the competitive market for any length of time.

Many of you may remember, however, that in the early days of online poker and casinos, there were many fly-by-night online casino bust-out operations where the casinos cheated their customers and emptied out their accounts, before disappearing from the Web entirely without a trace.

I would think this would be the biggest risk encountered by a player on a new Bitcoin site, even though that risk would be quite small.

My overall view: If Bitcoin casinos are your best option for gambling online, don't worry too much about being a cheating victim.