~snip~
Gamblers should remind themselves from time to time that gambling is unpredictable, and that losing money just comes with the territory, I say this because it is easy to have a few good sessions and those people may think they have finally cracked the code to become profitable forever, not realizing that they are just being lucky, so this belief may make them to bet more money than what they can afford, and that is when huge disastrous losses can happen.
Yeah, gambling is so unpredictable, you don't want to have a lot of money in that, but the thing is that the ads all around us tells us to gamble all our money away.... Many times I think that the government really is not here to protect us, which is what I naively thought it was doing. |
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You can use your entire salary to gamble and nobody is going to question you about it. You are have the right to make the right decision for yourself. There is no standard percentage for gamble from your salary, your responsibilities, things you spend your money on will determine how much money you should spend on gambling.
Yeah, it is so crazy that you can do that, but no one really cares, it is up to the government to check everything... Any problem gambler can continue gambling their money away |
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~snip~
yes, when a habit starts to get more importance then spending time with your loved ones, prioritizing your health or doing the things that being joy to life it starts to be a problem
having clarity and staying strong during hard times is a must
nobody is coming to save us after all
Well... yes.. that is the sad truth of gambling. Everyone is happy to get free drinks and food when someone is winning but the moment they are losing everyone leaves them. That is just how it works. People need to learn that, which is not a nice thing to learn. |
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~snip~
Your quite right about this but I think they should also reduce their advertisement to +18 too, you can't show something to a child and tell him not to touch it knowing how curious it would make him, so at same time I think the above 18 rule is just a way to save themselves from accusations that they allow underaged to gamble. To prove this how many casinos have a strict rule of taking some government issued id before allowing you to access them or use them, this only comes after or during withdrawal of funds.
I think ads are supposed to be seen only by 18+ people. Otherwise gambling becomes a thing that anyone can do in a way... It depends on the country of course, but this seems like a weird thing to just ignore... |
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~snip~
I'm agreeing with this. The moment to put in your bet or your capital in a position that you think of would win, you already lost that money. Because you already handed it out for risk. Unless you withdraw it as a win and reflecting in bank account then it's already true. What I mean is that you lose in this game in order to win. So how can you expect this as a primary source of income if you are also constantly losing your money. In gambling it is very random and much more like a game of luck. In fact 95% percent of the participants lose and only 5% wins.
Yes, basically, how I see it, the moment you place a bet, you basically are paying for a service. That service is the hope to win some money. It doesn't matter if you get it or not, you already paid for that service. In general, you will lose more than what you win. That's just how the game is. If you prefer to see it as entertainment, that's ok, but if you see it as an investment, you will have a bad time. |
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~snip~
No matter the financial status of a gambler, the majority of gamblers are gambling for profit. Even some rich people are gambling for profit and not for fun; after they lose, they will continue to chase losses just like other poor gamblers would. There was a topic created just about a week ago. The OP talked about a wealthy man who lost all his life fortune in three days. Also, just yesterday, I came across a new topic that talked about Drake, who lost $500k in gambling.The rich gamblers have the opportunity to win a huge amount because they also staked a huge amount, while the poor gamblers only staked the little amount they could afford, and therefore you can't compare the winnings that can be archived from those different amounts staked.
The thing is that the famous people can turn a loss into a win because they can get marketing deals, they can basically sell their faces to get money. They will make quick bucks by sponsoring a casino, it doesn't matter if they lose a million gambling, they will get paid more because they will bring more people to play in those casinos, therefore the casinos will end up winning way more money than the amount they pay the celebrity. |
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~snip~
I don't get excited while playing or booking the games I only get excited if my games are going well and have just few left to winning, I will be on my phone refreshing live feed
Yeah, I think the best time is when you have a big win. The actual gambling part is not particularly exciting in my mind. It is usually the outcome part, where you know if you won or not that is exciting. |
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~snip~
I disagree with you that rich people don't gamble or are you saying that gambling is for only poor people. If it is so how do casino make their money. The poor has nothing to offer the casino with their little amount, it is the rich and high rollers that every casino is wishing to have as their customers.
Drake is a fucking wealthy guy and he gambles in Stake, a lot of celebrities have been known of their gambling habit due to their addiction and debts that they piled up due to gambling addiction. I have seen a lot of rich guys that have lost a whoopy amount of money that is like all their life saying. Recently, we read about a thread in which Mayweather was detained in Dubai due to his gambling debt. The rich gamble and stake more than the poor. What a gambler needs is self control because both the rich and poor are prune to addiction.
Gambling is for everyone of course. The casinos want the entire world to be gambling with them. But, usually, it is the poorer who would end up gambling more times than the rich people. You are mentioning famous people, who might not be rich in the long term. Many rich people stopped being rich because they were gambling too much. But also many rich people know that you cannot get rich gambling, so they don't |
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~snip~
This is the same kind of gambling as lotteries. I would call this category "soft gambling". A category that is allowed for a wide range of citizens, and is not prohibited by law in any way. The claw machine, of course, cannot cause addiction, but it certainly has a certain attractive charm.
Recently, my friends and I tried to win a toy in this, and we didn't succeed. We came to our senses on the 5th attempt and stopped playing. This thing is really very addictive. But I think it's best to stop after the first attempt.
The thing is that with lotto you can't do anything to change the outcome. Whereas with the claw games you can somehow influence the game with your physical ability. I see them as a different kind of thing. Gambling is 100% based on random, whereas the claw game is based on skill and luck. |
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~snip~
If there are users out there which think running a casino is cheap then they could not be more mistaken about it, it was possibly true at one time that creating a casino may not have been that expensive, but this is not true anymore, now a casino requires experts on security to protect themselves and their customers from hackers, a marketing campaign to let people know that a new casino was created, bonuses and a huge casino bankroll to pay their customers, and all of that costs money, so it would not surprise me if a few million dollars were needed just to start a casino operation these days.
The thing is that it is expensive to start it, but once it is running, then the money is running towards you. Sure, there are expenses, but that is nothing compared to the amount of money they make from gamblers |
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The rate of winning in gambling depends fully on the amount you use in staking the game,if you stake the game with a small amount,the money you will win won't be big,but you you stake it with a huge amount,the outcome will be one that will surprise you.And why the rich win more is simply because they don't play much games,they only play a little few they know it will play for them,and stake it with a very huge amount,this will increase their chances of winning.
But you that do not have much money,will look for a very long game,and stake with with small amount,which even if the game would have played,the longevity of the game will make some cut.
There's no such thing as increasing their chances of winning. The poor and the rich have the same chances of winning. Imagine a coin toss, a rich person goes for heads and the poor person goes for tails. They both have 50% chances of winning, independent of how much they bet. |
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~snip~
claw machines as a form of rigged gambling is quite right In my opinion Claw machines can be manipulated by adjusting the claw's strength and payout ratios, making it seem like skill is the key to winning when it's actually more about luck.
Just do quick google search that like I was said before the strength of the claw in a claw machine can be programmed to weaken or strengthen at certain intervals, Operators can adjust the payout ratios by programming the claw’s strength to only reach its full potential after a certain number of plays.
I think those machines are somewhat "certified" and they are usually just shitty claws, but if you are lucky, you can get the prizes. Like, for example, something in the prize gets stuck in the claw, and you get it. Yeah, the claw itself is usually very weak, but if you plan it so that it grabs some loop in the prize, then you're golden. |
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~snip~
Agree with what you say, most every average gambler is looking for income or profit there. Every time there is a moment together with friends, of course the atmosphere will be different, this is probably what makes them much more enthusiastic about playing. But we must remember that we only control the game ourselves. Friends cannot influence this.
As you and I have in common, we don't like useless things like gambling, gambling doesn't make me enthusiastic or passionate about playing there, I know the impact it can have on our finances. I appreciate the money I will get so far for things that are much more beneficial or useful, such as opening a business or investing in crypto, which makes me enthusiastic about looking at a bright future.
Yes, most gamblers will be looking to make a profit, that's for sure. But also the atmosphere as you mentioned is important. You can pay to have a good time with friends, and that's OK. The point is to not only think about it in terms of money, because most people will lose it all anyway. |
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~snip~
Still good to discuss this matter since network congestion and rising of fees could happen anytime that's why there are still people following these thread to say what people can say regarding on what's currently happening on and what options they are adopting so that they could also look at it and see if those methods they have done is applicable or acceptable for some people here.
And its really pretty painful dealing with that situation and everyone got shock for seeing the transaction fees goes at $200 since people can't afford to do any transaction since a lot of us think that its waste of funds to transfer and just accept that we need to pay so that we can do successful transaction to those casino we are depositing our funds. USDT is actually never my option since I don't like to deal with stable coins just to push thru my gambling activities and I choose to wait for the fees if not goes back to normal at least it goes back to 10+ sat per/vb $1 on high priority since this could give me convenience especially that I only like to deal with bitcoin since we know that this is more better than any other coins out there.
Still, even if the fees are high, if you are moving a lot of value on-chain, the percentage that you are paying is quite low. Sometimes you can't even do that in fiat. After a certain amount you will end up paying a lot of fees, or maybe are even impossible to make that transaction. |
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~snip~
And the idea of making someone wealth from gambling is because you see other gamblers win big.
There is the reason behind that and that is because we always compare ourselves to the others. If we stop doing this and focus to what's the reason why we gamble, then we won't be moved with that and will do as is when we gamble.
It's good that you don't get upset when you lose. Many do are upset including me when I lose but I make sure that it won't affect me a lot emotionally.
And the thing is that a person winning big might actually still be losing. You don't know how much they spent to get that prize. It's all relative really, but in the end the most probable outcome is that the gambler will lose money. |
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~snip~
We cannot suddenly agree that the rich are gambling than the poor. We need to be wise and make a decision that will help us win more nit trying to do it by all means. The rich can make huge profits from a single game where other are making some profits. The rich can decide to gamble with huge amount of money and we need to understand the differences. It is true that their are some rich people that gamble more than what they supposed but that does not mean that the rich are gamblers. Once we understand the differences why the rich will keep making big profit and the poor will keep making smaller profits.
It doesn't really matter how much the gamble amount is. All that matter is the odds for the bet. The amount you get paid back (or you lost) is simply a multiplier of this. So, it doesn't really matter if someone bet 1 cent or 1 million dollars, the odds are the same, and the payouts are proportional to this. So, if you can make 1 cent while gambling, you should be able to become a millionaire gambling. |
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~snip~ Google say that brain is fully developed by age 25. Does it means that age limit must be increased? By the look on all that posts when people do crazy bets in gambling, it looks like age is nothing  As people being way older than 18+ manage to bet millions with 1.01 odd and still lose Or go all-in with 0.000001% probability to win. There people who are 30-40 yo, still live with parents and play video games all the time. And on the contrast there are kids who are younger than 10, and they manage to build their own crypto minimum farm, invest in correct altcoins and earn. The thing is that every person is different, and they will develop at different rates. But, you also need to have some kind of hard threshold for a country making laws, so in that sense, I think 18 is alright. After 18 you will usually have more inputs in your life, teachers, friends, family, etc, so in a way it is an OK point to change the responsibility. |
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~snip~
Exactly, if you can do that then you just need to imitate what you just did a day before then continue to keep that mindset to keep you away from gambling, though it's going to depends from how a person take it seriously, as we know that when a person already addicted and have that money to gamble, it will be tough for him to stop himself from keeping away, adrenaline and that toxic inside the brain that will push him to play back and keep losing his money.
That is the key. Most people don't really understand how gambling actually works, but they are happy to put money in the game. The thing is that in the real world those people will end up losing money. They of course would want to earn money, but that's not what's going to happen. |
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Use Pareto Principle, which mean 20% are successful while 80% aren't.
You can see there are many successful casinos in this forum, but you didn't see if there are many new casinos that trying to build their reputation and offer many promotions, but they still can't earn the trust from the gamblers.
What works in other, doesn't mean it will works on you and vice versa.
Yeah, 20% of the companies make 80% of the revenue. It's a normal thing to see in many areas in life. I don't think you can change that. It seems to be a normal thing in life. |
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~snip~
I agree with you. This issue is so broad that can cause a huge number of opinions. In my opinion, each gambler himself determines his own risks and plays gambling considering this. Exceed their risks can absolutely any gambler, regardless of how much money in his account. Therefore, to compare the risks of a rich gambler and poor is not quite right. Yes, and lose money hurt both.
In my experience, the rich person will simply not gamble their money. The poor person will try to put their money into this thing and see if they win anything, basically buying hope. The reality is that the poor get poorer and the rich get richer because the rich don't gamble. |
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