Adam G

Co-Founder and COO of @betbolt | Ex @UniofOxford Math | Investor

[Adam G @adam_betbolt]

https://t.co/DNQxayNx0U

[Adam G @adam_betbolt]

Well, this morning has been quite entertaining to say the least, but I'm seeing some misinformation here and there, so I'll clarify:

The idea for @BetBoltBank originally came from Babix. He has been part of this community for years and has seen firsthand how predatory the existing loan market can be.

The BBBank was created specifically as a response to that problem. We offer 0% interest on our markers because the house edge and the marketing value we receive from providing this liquidity are more than enough compensation for us.

Babix has always been very careful about who receives these markers. We do not give someone a marker simply because they are chasing losses, nor do we provide liquidity to someone who has explicitly said they are struggling or are in a vulnerable position.

I've also seen a lot of people say, "If you loan others money to gamble, you deserve to get scammed." In many cases, the people saying this are themselves people who have taken loans to gamble, lost the money, and are now looking for a justification to avoid paying it back.

If you willingly take a loan to gamble and then lose that money, you are not the victim of some elaborate scheme. You made a decision, you accepted the terms, and you are responsible for the outcome. Perhaps it's best to make peace with your skill issue.

[Babix @babix_betbolt]

Be careful when dealing with @SpadeALLIN as you might get scammed just like he scammed us for $40,000

He started running giveaways and tweeting tuff because he knew this tweet was coming and the few grands he's been giving away are his attempt at gathering a jeet army to defend him.

As you'll see from this thread, I do not recommend and strongly advise any casino to stay away from him.

[Adam G @adam_betbolt]

It sucks watching certain operators repeatedly tear down what others before them spent years building.

Peter is a very chill guy. Most of you know him from Goobr’s streams, but we’ve also had the pleasure of having him play on Betbolt a few times, and we’ve always happily processed his 6 figure withdrawals instantly.

If you can’t afford to have high rollers play on your site, don’t send them invitations in the first place. As operators, we’re already playing a winning game. There’s really no reason to cheat or bend the rules.

I sincerely hope this gets sorted out ASAP.

[Peter @PeterKolui]

I’ve wagered $1B+ across online casinos and am known for lending to some of the biggest streamers in the space.

So when I tell you a casino seized $400k of my winnings after a 15-minute session, I think it’s worth paying attention.

I deposited $200k on @bluffcom and received a 3% deposit top-up. I played Pragmatic BJ with bets up to $100k and quickly ran my balance to $600k.

I tried to withdraw. They paid my original $200k deposit and froze the remaining $400k for “review.”

Weeks later, they requested KYC - including from the friend who referred me, despite him not playing there for weeks.

A few weeks after that, they told me they were seizing the $400k, claiming I abused their platform and bonus system, while apparently suggesting my friends and I were the same person.

The kicker: I never received any lossback or bonus other than the 3% deposit top-up.

First session. $200k deposited. $600k balance. $400k seized.

It’s been months now, and after seeing the community’s opinion on the matter, I genuinely hope @bluffcom does the right thing and finally pays my winnings.

[Adam G @adam_betbolt]

@RichMarketingHQ @babix_betbolt @navarro_ivar @NapoleonXBT @neal_betbolt @betbolt_interno @maximus_betbolt I agree. Fat people are so funny and creative. We might just make it a requirement to have a >27 bmi to join the Betbolt team!

[Adam G @adam_betbolt]

Many casino owners see no issue with daily withdrawal limits. As a builder in this space and a player myself, I find that stance hard to justify.

These limits were originally introduced as a security buffer to reduce losses in case of exploits, giving systems time to react.

In many cases, this has shifted from a security measure to a predatory tactic, where restricting withdrawals increases the likelihood that players gamble those funds and reduces the casino’s payout.

Today, casinos actively promote massive 6-7-figure wins, yet the average player is still restricted to withdrawing only 25k per day (or sometimes less), meaning that if such wins were achieved by the average player, cashouts could stretch over days, weeks or even months.

At the end of the day, withdrawing should be as easy as depositing. If you're going to introduce barriers at withdrawal stage (KYC, limits, etc) they should be present at the deposit stage. Casinos should not be able to restrict access to player funds in the absence of any ToS violations.

[Adam G @adam_betbolt]

This is why having someone form the community advising on deals is critical

Without understanding which streamers are respected and have an affiliate book, versus the ones are simply boosting numbers as a business to get a good deal and "casino hop"

My advice would be to stay clear of streamer who don't have leaderboard sites - these are especially useful as an oracle of past performance

Screenshots and affiliate stats are often faked, you can tell if a streamers has an affiliate book within the first couple of streams -> if no real regs or deposits you should cut

If a deal is too good to be true it usually is

[Adam G @adam_betbolt]

Appreciate you taking the time to write this and I agree with a lot of it.

There are definitely streamers like yourself who’ve built things the right way - streamers that are transparent and try and build things for the long term - that's the model that works and is sustainable. The intention of the post wasn’t to generalise or take away from that, but to highlight how parts of the market have shifted, especially for new operators.

Re the sharing of costs: it's not about empathy but more about transparency how the business works behind the scenes. Players (and even streamers) often don’t see that side of the equation and it feels like a perspective that is under-explored.

Respect what you have achieved and wishing you all the success.

Happy Easter to you and your family as well!

[Adam G @adam_betbolt]

https://t.co/DNQxayNx0U

[Adam G @adam_betbolt]

@GmblrMartin Agreed, there is a large asymmetry of information especially for new operators who haven't seen these deals play out and it can be a very expensive learning curve

Outside capital comes in to launch a new brand -> invests in streamers -> leads to inflation of streamers

[Adam G @adam_betbolt]

@Bereavednickel7 Appreciate the perspective, and I agree, that cycle plays a significant role.

New casino comes in and invests heavily in streamers -> leads to inflation accross the whole space

[Adam G @adam_betbolt]

Thanks for the formal endorsement, Ivar, it does not go unappreciated.

I am very excited to work hand in hand with you to build a fair, responsible and most importantly, safe future for our community.

As my Oxford professor always said:

“Ad astra per aspera” (A rough road leads to the stars)

And I am honoured we are taking this journey together.

[Adam G @adam_betbolt]

Licenses never really protected players

Curacao tried to enforce more regulations -> casinos simply moved

These “licenses” are just a badge on the site that help with affiliate deals and TradFi structures

At the end of the day, players have to have to choose honest platforms they trust

In a way, community and reputation act as the layer of protection for the player -> trust is everything and no casino will risk their reputation as it’s their biggest asset that takes months/years to build

[Adam G @adam_betbolt]

Stake is one of the few that can afford to run this kind of experiment at scale

IMO Beddie won’t work in its current iteration

I think players want to actively play, not delegate decisions and step away

Either way its a good test and good marketing, and if it does work, it’ll become another feature everyone copies in 6 months

[Adam G @adam_betbolt]

@KeyboardMonkey3 Most players don’t realise how common this is.

Most casinos will face 10-20% loss in revenue due to fraud and there's always an arms race between abusers and sites to catch them

The site figures out one provider fraud -> the abusers launch another one

[Adam G @adam_betbolt]

@bandosei This strikes me as more of reactivation versus acquisition campaign.

Don't think you're going to convert a high roller because you sponsor his OF girl lol

[Adam G @adam_betbolt]

@intern_betbolt

[Adam G @adam_betbolt]

@ArjHatesCash @yumiebb And that's saying something

[Adam G @adam_betbolt]

@brettskireal Why don't you hate betbolt and throw in $500 😇

[Adam G @adam_betbolt]

@GarbageHuman24 Full of grass didn't let me finish smh

[Adam G @adam_betbolt]

@sinnoh_CEO I don't recognise the Pokémon in the first picture must be a rare shiny

[Adam G @adam_betbolt]

@HypeDrop These guys don't know that in gambling you always have to double down smh