RuneStake?

[WFAF]

I really wasn't too sure where to post this or voice my opinion as it does feel like these sorts of things are very quickly removed. However, it is a genuine question.

Why are RuneStake not TWC'd?

Regardless of whether the fella gambled his winnings away, 7 hours to wait for a payout from a 'casino' is extremely poor trading practice, surely?

IIRC, Casinos across the world are required to be able to cover any potential win instantly, I get this isn't the 'real world' but why should they be any different?

The closing remarks on the case present a report that ended in a TWC for the person RuneStake reported, when the shoes on the other foot it's okay?

It just doesn't make sense.

 

[President]

I really wasn't too sure where to post this or voice my opinion as it does feel like these sorts of things are very quickly removed. However, it is a genuine question.

Why are RuneStake not TWC'd?

Regardless of whether the fella gambled his winnings away, 7 hours to wait for a payout from a 'casino' is extremely poor trading practice, surely?

IIRC, Casinos across the world are required to be able to cover any potential win instantly, I get this isn't the 'real world' but why should they be any different?

The closing remarks on the case present a report that ended in a TWC for the person RuneStake reported, when the shoes on the other foot it's okay?

It just doesn't make sense.

In the end, staff discussed the matter, a weigh-off of circumstances was made and there was not enough to give a TWC to RuneStake.

I hope that answers your question

 

[WFAF]

In the end, staff discussed the matter, a weigh-off of circumstances was made and there was not enough to give a TWC to RuneStake.

Anoter (unmentioned factor) is the fact that the 'customer' tried to doublespend RuneStake (which is why he wanted to cash-out asap before Fox woke up).

I hope that answers your question

I would disagree with the first statement as 7 hours to wait for a payout is arguably not good trading practice.

Regardless, thank you for the reply, have a good weekend.

 

[President]

By the way, guys, I am open to feedback and look forward to good discussions. Rulings are always tricky, because some situations are close calls and people can have different opinions. I'll be following this thread to read your opinions on why the ruling should or should not have been different. Let me know what you think

 

[OneKiss]

Firstly, this isn't a continuation of the report I just want to see other opinions or what they think should of happened in this scenario, Runestake also promotes itself as being a gold website where people can just buy gold off them and cash out, if someone had bought gold, that they couldn't cash out that would of gave any other business a TWC for bad trading practices for making them wait

I've been getting absolutely roasted saying I only made the report because I wanted a refund, it's just completely untrue I'm decent enough to know I clicked bet, i had the problems with not being patient enough *perhaps*, debatable if i should have been patient more or if owners/cashiers should of stepped up and took responsibility more

@WFAF bringing up the legality of casino's needing to pay out a win instantly, that's so true.

As Chloe said, they can't buy tokens with crypto for ''legality reasons'' Screenshot

Why is it only the legality of buying tokens they care about? Why not the legality of underage gambling, no KYC (know your customer checks) to verify age; why is it only the legality of things which save them paying out money, surely they can't just pick to pick which laws they want to follow, the most important should be the ones which they aren't following

And maybe someone, preferably runestake would explain to me of what legality reasons are they actually following to not buy tokens off someone, is this just an excuse to not have to pay people out with crypto, make people wait for gold they know they can't get in a decent timeframe?

 

[Bordercollie127]

In the end, staff discussed the matter and decided we would like to continue our relationship with @Runestake to keep giving us payments on the side to turn a blind eye about his shady trading behaviors.

I hope that answers your question

Sorry i noticed a few errors in your reply so i went ahead and fixed it for you.

@WFAF i 100% agree with you, why are they taking these bets if they don't have the funds to pay them out (unless they're sure on the house always winning) OR they knew that OneKiss has a gambling problem and knew if they kept him on hold long enough he would just end up gambling the rest of it away and not have to end up paying him out.

no matter what way you look at it runestake handled it SEVERELY poorly and if they don't deserve a TWC for "bad trading practices" i am honestly not fucking sure what defines bad trading practices anymore.

(if you're not a 300$+ donator you would get a TWC for same thing)

 

IIRC, Casinos across the world are required to be able to cover any potential win instantly, I get this isn't the 'real world' but why should they be any different?

If you elected the cash option or if your prize is only offered in a single payment, your check should arrive approximately six to eight weeks from your claim date. If your prize is to be paid in installments, your first payment should be available within six to eight weeks from your claim date.
https://www.calottery.com/-/media/Project/calottery/PWS/PDFs/Winners-Handbook-1127-FINAL.pdf

California Lottery


The user was allowed to withdrawal but they declined the 5% fee
& declined the smaller cash outs they were trying to help with.

 

You can also refer to this to get some knowledge on some online casinos
https://www.playusa.com/online-casinos/fastest-paying/

& keep in mind these are the FASTEST paying out

Crypto deposits are obviously instant or credited when received

What if he wanted to deposit 18b into runestake with GP? Do you think a banker would risk taking on 18b in 1 trade instantly? Highly doubtful for many reason

think about it some more

 

[Ft tez]

You can also refer to this to get some knowledge on some online casinos
https://www.playusa.com/online-casinos/fastest-paying/

& keep in mind these are the FASTEST paying out

Crypto deposits are obviously instant or credited when received

What if he wanted to deposit 18b into runestake with GP? Do you think a banker would risk taking on 18b in 1 trade instantly? Highly doubtful for many reason

think about it some more

they should of atleast tell him something doe? i mean its a rs casino and if you got a casino you should have the money to pay out, its a most have they could of gave him an option saying we can pay via crypto and let him take the risk to buy gp? i tried both runestake/runehall and trust me runehall has much better odds then runestake and withdraws are always ready they wont make you wait hrs to withdraws thats how a casino should work thats my opinion.

 

option saying we can pay via crypto and let him take the risk to

It is not possible to swap your Runestake tokens for anything other than virtual in-game gold. Runestake has a strict no real-world trade policy.
Runestake

some people for some reason lack the ability to read before they partake in activities

 

[WFAF]

If you elected the cash option or if your prize is only offered in a single payment, your check should arrive approximately six to eight weeks from your claim date. If your prize is to be paid in installments, your first payment should be available within six to eight weeks from your claim date.
https://www.calottery.com/-/media/Project/calottery/PWS/PDFs/Winners-Handbook-1127-FINAL.pdf

California Lottery


The user was allowed to withdrawal but they declined the 5% fee
& declined the smaller cash outs they were trying to help with.

Just to clarify, RuneStake is NOT a lottery and is indeed a Casino, there is a difference, I'm sure you can Google it yourself.

I am in no way sticking up for the fella who couldn't withdraw his tokens, I just wanted to query the outcome as, being a casino, they should be able to cover all the money within the casino.

It is not possible to swap your Runestake tokens for anything other than virtual in-game gold. Runestake has a strict no real-world trade policy.
Runestake

some people for some reason lack the ability to read before they partake in activities

Just to clarify, you can buy tokens with Crypto but can only withdraw 07GP, that would be RWT, no?

Correct me if I'm wrong, it's just another way of purchasing GP through the site as a MM.

There are a number of issues that should quite obviously be looked into, I started the thread as the outcome does not make any sense, as much as I do hope the original reporter sorts his gambling addiction out (I'm a nice guy), I couldn't care that he lost it.

 

You can also refer to this to get some knowledge on some online casinos
https://www.playusa.com/online-casinos/fastest-paying/

Just to clarify, RuneStake is NOT a lottery and is indeed a Casino, there is a difference, I'm sure you can Google it yourself.

 

[WFAF]

I don't understand how this is relevant?

 

I don't understand how this is relevant?

Idk how to explain this in simpler terms to you....

Your argument is that it shouldn't have taken 7 hours IN YOUR OPINION
Here is a link that that explains average cash out times of TOP WORLDWIDE casions x1000 scale of runestake
https://www.playusa.com/online-casinos/fastest-paying/

Here is also what a mod from sythe dm'd to me which ill keep the user private and can tag if they want to or not

 

[Departure]

Why even pay in Crypto and that you can only cash out in RSGP. Its pointless just use a reputable Casino site that pays out in cyprto since they will cash you out instantly. RSGP gambling is risking anyway with RWT bans and then you have to sell the gold to someone which increases the risk of a ban.

 

[WFAF]

Idk how to explain this in simpler terms to you....

Your argument is that it shouldn't have taken 7 hours IN YOUR OPINION
Here is a link that that explains average cash out times of TOP WORLDWIDE casions x1000 scale of runestake
https://www.playusa.com/online-casinos/fastest-paying/

Here is also what a mod from sythe dm'd to me which ill keep the user private and can tag if they want to or not

The difference here, I don't know if you've ever gambled online, is that it takes the funds from you and you WAIT for it to be deposited into your account - the process started when you hit 'withdraw'.

In this situation, the OP was messed around, given excuses etc. to prevent him being cashed out due to liquidity issues.

Your point couldn't be more irrelevant.

Edit: This post is regarding how the report was handled as, a casino with clear liquidity issues shouldn't be able to run as it is doing. If they had taken the credit from his wallet whilst cashing him out, the report wouldn't have even been made. They would have been free to continue with what RSGP they do or don't have.

Also, would you like to go back to the RWT point? I see you've kept quiet on that one.

 

In this situation, the OP was messed around, given excuses etc

Idk i'm not a i'm not an elementary school teacher...... i can't teach you how to read but hopefully you'll grasp it soon.

here this might help a lil

Spoiler: abcdefghijklmnopqrstuvwxyz

 

[WFAF]

Idk i'm not a i'm not an elementary school teacher...... i can't teach you how to read but hopefully you'll grasp it soon.

here this might help a lil

I think you should give one of those online Casino's a go my friend.

You'll quickly see they take your balance off you to start the withdrawal process, as stated above. Do you think they then deposit $100 at a time until you get all your money?

Again, as you stated above, this is my opinion, I'm more than happy to continue the back and forth.

 

I'm going to close this as the original post was addressed here and this thread is devolving into personal attacks.