Betting Provider Comparison/Is CSGO skin gambling safe?

Is CSGO skin gambling safe?

Anybody who has enjoyed taking bets on CSGO will know how there has been something of a CSGO skin gambling scandal in the past few years.

Although skin gambling has affected betting on games as far-ranging as Dota 2 and FIFA, there is little doubt CSGO skin gambling has damaged the reputation of taking a few fun bets on this iconic first-person shooter.

netbet-csgobetting-bonus

 

So we are going to take a closer look at this phenomenon to find out more about what’s led to the emergence of the CS GO skin gambler. We’ll be asking questions such as is skin gambling legal, and does it provide you with a safe way to bet on this classic esport.

And with a few pointers on some alternatives to CSGO skin gambling, you should have everything you need to know whether you should give skin gambling a go, or whether you should avoid it.

 

What is CSGO skin gambling?

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Being a CS GO skin gambler means that you use virtual goods to bet on the outcome of CSGO matches. So that whether you are using a popular skin like the StatTrack AK-47 to bet on the outright winner of one of the best CSGO tournaments, or are using a gut knife as currency to bet on the fortunes of the best CSGO teams, it all acts as an alternative to betting with real money.

As a result we have seen skin gambling become hugely popular with hundreds of thousands of CS GO skin gamblers.

They are using independent skin gambling websites to win or lose these virtual goods that have a real-world value.

The skin gambling phenomenon has also helped boost the revenues of many of the best CSGO players who make profits from the in-game sales of virtual stickers that can be used as betting items. But this hasn’t stopped many traditional betting fans becoming CS GO skin gamblers, and so there remains a few questions about whether skin gambling will replace esports betting with real money.

 

Why was there a CS GO skin gambling scandal?

For anybody who is serious about CSGO betting, legal considerations will always play an important role. And whilst the best CSGO betting sites are always fully licensed and regulated by legitimate gambling bodies, it seems that many skin gambling enterprises are completely unregulated.

As a result, it was only a matter of time before controversy clouded skin gambling. In 2016 it was revealed that two famous YouTubers had secretly created a CSGO skin gambling site that they then pretended to win large amounts of money on to their audiences.

Such morally dubious activity was compounded by the exploits of the CSGO team, iBUYPOWER, who were revealed to have intentionally lost their match in order to win thousands of dollars of CSGO skins.

In addition to this, it’s thought that skin gambling provides an easy gateway for those under the legal age to gamble to get into online betting. As many of the third-party websites allow youngsters to gamble skins on virtual slot machines without any thorough verification processes, it’s evident that the phenomenon has seriously harmed the reputation of CSGO.

 

Downsides to being a CS GO skin gambler

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Despite the legal confusion and moral outcry surrounding skin gambling, it’s clear that there are still many people out there who enjoy being a CS GO skin gambler. But here are a few things to consider before you try skin gambling.

 

No licensing or regulation

If you use an unregulated skin gambling website, then you are essentially giving your virtual money to a company who cannot be completely trusted. Not only is there no independent testing of their gambling entertainments to see if they are transparent and fair, but you have no way of getting your skins back if something goes wrong.

 

Skin gambling boosts match fixing

We have seen plenty of stories of CSGO players and teams profiting from the sales of skins. But whilst there is nothing wrong with our favourite CSGO gamers getting rewarded for their hard work, it will continue to make the issue of match fixing something that’s a real problem for this iconic esports title.

 

Judging the value of skins

Whilst we all know how much money we are betting with when we place a CSGO bet with a pound, a dollar or a euro, it’s not so simple when you are wagering with virtual items like knives and guns. This makes it virtually impossible to formulate any of the best CSGO betting strategies and it’s a surefire way to incur some nasty losses.

 

Thankfully, just because skin gambling is risky doesn’t mean that you will miss out on betting on CSGO, as there are plenty of reputable and fully licensed CSGO betting sites that offer you safe and secure ways of betting on your favourite first-person shooter.

 

Using credit cards and debit cards

The majority of CSGO betting websites allow you to use credit and debit cards like Visa, MasterCard, Maestro and Visa Electron to make deposits and withdrawals. Not only is this one of the safest ways to use real money for your wagering, but most CSGO betting bonuses will only be activated if credit and debit cards are used to make your qualifying deposits.

E-wallets – easy and convenient payment options

There’s a growing trend for CSGO betting fans using e-wallets like PayPal, Neteller and Skrill for their CSGO betting. This method offers you the safety and security of keeping your betting budget separate from your bank account. Be aware that you might not be able to use e-wallets for making qualifying deposits for your CSGO bonus offers.

Prepaid cards – safe and secure

Prepaid cards like Paysafecard are another increasingly popular way of making deposits at CSGO betting sites.

These can be bought with a set amount that you can use to spend online, and they give you a safe way to manage your betting budget, and will stop you going over your limits.

We’ve also seen a handful of CSGO betting sites like Arcanebet allowing customers to use Bitcoin for wagering on CSGO. It remains to be seen whether Bitcoin betting will take off, but it once again shows that there are plenty of safer ways to bet on CSGO than getting involved with skin gambling.

 

Concluding thoughts on CSGO skin gambling

csgo-bettingThere is no denying that skin gambling is one of the more alarming developments in CSGO betting. Whilst it’s an activity that’s enjoyed by thousands of people, it’s clear that it is very risky.

Not only are the majority of skin gambling sites completely unregulated, but it also poses many troubling questions around issues like match fixing and underage gambling.

As a result, we’ve seen many efforts made to try and stamp out the skin gambling phenomenon. And with the rise of legitimate and licensed CSGO betting sites, it looks like we can all enjoy some risk-free CSGO bets in the future.

Author Adam Reilly
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