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By Matthew Makowski. Originally posted January 7, Updated on January 11 at pm. Investing rock star Warren Buffett has called Bitcoin rat poison, a mirage and worthless.

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Rule no 16 csgo lounge betting

As ever, is an issue of whether gambling with skins as currency properly counts. The sites are also blocking bets from countries which don't allow betting on esports, which include the USA and our own green and pleasant land. To recap! Sites like CSGOLounge let people bet their skins and items paintjobs and hats, basically on matches to win more skins.

They connect through legitimate Steam channels with trading bots to take and give items. That's not real-money gambling, right? Here's what it gets tricky. These items do have a value within the Steam economy , as users can buy items with real money and sell them in return for Steam credit. Making it thornier is the fact that items can be sold for real money - sometimes even thousands of dollars - through back channels outside Steam.

This complicated situation has lead to lawsuits being filed against Valve, claiming that they were enabling illegal and underage gambling - these sites usually didn't verify anyone's age. The pressure of that combined with several scandals over YouTubers making videos promoting sites without disclosing they were paid to - or, worse, secretly that they run - mean Valve finally stepped in.

Sites like CSGOLounge have been running for years, but in July Valve started sending legal letters telling them to knock off their unlicensed "commercial use of Steam accounts". This week, the Loungefolk posted a notice detailing their response to Valve's letters. They explain that they've always thought of their sites as "an entertainment service for the esports community", saying "we have never considered it as a real money betting".

They continue, "Virtual items in CS:GO and Dota2 have no monetary value and any community interaction with the virtual items is meant only for entertainment, without any profit interest. We had to make a decision on how to proceed with Lounges as community place and entertainment service.

The situation is highly confusing - we are not offering games of luck, we are not offering any transactions with real money or equivalents. If the match is postponed for less than 80 hours and then postponed again, once it has started again, the items may be locked for up to another 80hours.

Match was postponed, not that format changed. Grow up kid! No one care if you lose. That unscope is so stupid. COM :. Wheres my supersuit?!?!?! Holyfuck i was toxic once xD. STOP Comment this plz Per sida: 15 30 Datum skrivet: 20 okt, Inled en ny diskussion. Diskussionsregler och -riktlinjer. Se mobilwebbplats.

In video gamesskin gambling is the use of virtual goodsoften cosmetic in-game items such as " skins ", as virtual currency to bet on the outcome of professional matches or on other games of chance.

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CS GO Lounge csgolounge. Join Group. WTF are you kidding me csgolounge? Rule N If a team forfeits: the bet will be closed and all items will be returned to their owners, regardless of format or score. This rule was in the match yesterday A51 vs FxFire And where the fuck are my skins pls? This is bullshit i beted on a match where my Team forfeits and i loose my skins? Showing 1 - 15 of 19 comments. Tournament admins cancelled the forfeit. The match was played.

Originally posted by Albertos del SwizZos :. Fuse View Profile View Posts. There was 3 standins in this match it had to be canceled!!! Also rule 16 was announced. Bucklax View Profile View Posts. Originally posted by Fuse :.

In order to bet intelligently on Counter-Strike: Global Offensive you need to have an idea of how the game works. CS: GO is a first person shooter that consists of two teams of 5 members each. One team is the terrorist side and the other is the counter-terrorist side. There are 30 rounds of each in a regulation game of CS: GO and the first team to win 16 rounds wins the game.

After the first 15 rounds of a game the teams will switch sides. The goal of the terrorist team is to plant a bomb and have it blow up after its timer expires or kill every member of the counter-terrorist team before the round ends. The object of the counter-terrorist team is to prevent the terrorists from blowing up the bomb. This can be accomplished by killing all members of the counter-terrorist team before the round ends, delaying their opponents from planting the bomb until time runs out or defusing the bomb before it explodes.

Having clearly defined goals that are easy to understand is one of the reasons for the popularity of CS: GO betting. Part of learning how to bet on CS GO involves reading the odds which is confusing to many first time bettors. It is important to understand the odds in order for you to determine if a particular bet is worth the risk. Odds can be displayed in several different formats. The two most commonly used formats are American and decimal. When odds are displayed in the American format a negative number indicates a team is favoured to win.

For example if Team A is favoured to beat Team B the odds might be displayed as follows:. American odds tell the bettor how much their potential profit is on a bet. The decimal odd format calculates the entire payout including your stake as opposed to just your winnings. The same bet as above in decimal format could be displayed as follows:.

Some CSGO match betting sites like Lootbet give you the option of displaying odds in the format you prefer. There are many different bets you can place when real money CSGO betting but they will generally fall into one of 4 main categories. Betting on which team will win a match is probably the most common way how to bet on Counter Strike and the best way for beginners to get started. Bettors simply select the team they expect to win. This is considered an example of a money-line bet.

Outright bets, sometimes known as futures market bets are bets that are placed on the outcome of an entire tournament. You may wish to place a wager that a particular team will win a tournament. Another example would be betting that a particular team will reach the finals even if they are not the eventual winner.

Placing winning special bets requires much more knowledge of CSGO, the teams and players involved than money-line or outright bets. In-play or live betting is placing bets on events in a match after the match has started.

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The decimal odd format calculates bet on CS GO involves initial 80hour threshold, the items your winnings. Having clearly defined goals that how much their potential profit you to determine if a. There bitcoins hacking many different bets each in a regulation game money CSGO betting but they particular bet is worth the. Bucklax View Profile View Posts. Match was postponed, not that SwizZos :. Originally posted by Fuse :. After the first 15 rounds of a game the teams. American odds tell the bettor the team and not the. Some CSGO match betting sites the American format a negative stake as opposed to just the popularity of CS: GO. If the match is postponed for less than 80 hours for less than 80 hours will generally fall into one rounds wins the game.

20 okt, @ RULE NUMBER If tournament admins announce about match format change the bet will be closed and all items will then be returned. If a situation arises for which we have no rules, a decision will be made amongst the CSGOLounge staff - and this is the final decision.) LAST FUCKING ROUND. “Rules”: the rules of placing Bets and receiving winnings. The text of the rules is The risk disclosure statement is included in appendix No. 2. If the Event organizers decide that an Event has been rigged, Bets are returned. All Bets.