CSGO Lounge, one of the infamous CS:GO skin betting sites is back up and running. This comes as quite a surprise after Valve's 2 waves of cease and desist letter that they sent out a few months ago. With them, they banned all such online esports betting sites from operating and all of them had to shut down all their business. A few weeks after that, we already covered a betting site that was back up and running faster than its competitors. I am, of course, talking about CSGO FAST which was the first online betting site to successfully bypass Valve's restrictions. You can read the full article on that topic by clicking HERE. With this in mind, let's focus on CSGO Lounge and the method of making it continue from where it left off a month ago.
CSGO Lounge has a new betting system
As I already mentioned above, it has been more than a month since CSGO Lounge had to shut down their betting operations. This was a huge deal since the company was earning big time money from their site daily. To be more precise, in the first 8 months of 2016, CSGO Lounge popped in a whopping $1 billion. Yup, you read that correctly – they earned $1 billion in 8 months just from skin bets handling via their page. Now you understand why their shutdown was such a huge deal to the entire eSports betting community. Luckily, they managed to implement a betting system that is not directly violating Valve's restrictions. In other words – they cracked the system and will now provide betting on CSGO matches to an even broader audience. Especially considering the fact that all their competitors are out of the game. Well, not all, but most of them!
Below you can check out the full formal announcement that was published on Monday, 26th of September:
As of today, we will be releasing our new Lounge betting system.
This entails a couple of new features including; coins, betting, rankings, notifications, and more.
Users will now have the option to place Lounge Coins as a bet on CSGO lounge.
We have multiple tracking and ranking features so you can see the top predictors, highest winners and other stats.
With this, comes a new look and a new notification system that will inform users about recent bet outcomes, announcements, new match posts, etc. Other features, are currently being worked on and will roll out as soon as possible.
We are working on a solution for items withdrawal, please stay tuned for upcoming updates.
As you can see, the new coin betting system is not the only change that CSGO Lounge introduced within its newest update. Features such as top predictors rankings, highest winner ladders, real-time notifications and much more have been implemented. All these things will make CSGO Lounge keep its competition (if there is one) at bay while attracting more and more customers. But, not everything is milk and butter at CSGO Lounge HQ. There are still several critical issues that are preventing them from boosting their ranking even higher. More on that in the next section of this article.
Problems are still there
As I already said in the previous section, CSGO Lounge is still having critical issues that are preventing its full functionality. Among others, their biggest problem is the fact that they still haven't fully developed their withdrawal system. In other words, players can bet CSGO Lounge coins on their site but cannot really do much with them after that. Each player gets initial 100 coins (rumor has it that 100 coins are equivalent to cca $1) and is free to bet them on various CSGO matches. If the players are successful with their bets, their names will appear on one of the ladders… And that's about it. There is no doubt they need to work on this and implement additions in the upcoming weeks.
Coin system seems to be bugged
In addition to these issues, many players are reporting that the coin system is bugged. It is having false win / loss scenarios and making lots or problems to their customers, but I am sure CSGO Lounge will fix this sooner rather than later. CSGO lounge is still expected to make a proper withdrawal system. After that, they need to look into monetization of the latter. Without those 2 systems intact, their new betting method could collapse from the ashes it came out of. One thing is for sure – with many upcoming CSGO tournaments, Lounge is bound to get back into action!