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What is clear is that if gamblers can actually do this, there will be many casinos that go bankrupt and close because they have to pay gamblers' winnings every day.
After all, if you can use a method that can consistently generate profits every day then there will be no gamblers who want to work or do business because they already have satisfying results from gambling.
Unfortunately all of that is just a joke and impossible to do repeatedly.
If it does work, maybe it's just because you're lucky and it's impossible to repeat it again.
Yeah, there simply isn't a way to consistently win against the casino. That's just standard math and probabilities. You can for example toss a coin 10 times and it can land on face every single time, it is possible but increasingly improbable. And the next time you toss it it still has a 50-50 chance to land on tails. Now, a casino has even worse odds for the gambler than 50-50, so it is even more improbable to win every time. It's just a rounding error out of being impossible. |
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The issue is that those attempts to try to limit AI are never going to work, as people will always find a way around them, so as long as someone can get an edge over everyone else then there will always be an incentive for those people to remove those limitations.
And without a doubt there will be people out there which will use AI to try to beat the casinos, unfortunately for them the casinos will do the same, and most likely they will be the ones to come up on top.
I kinda think in a similar way, but thinking about history, you could say the same about nuclear war. But we have managed so far to not start a global nuclear war, so I guess the same can be said about AI. |
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Besides, their participation and existence make help gain more attention and traders. In fact, this is also the reason why cryptocurrency becomes known globally due to ads that flooded the internet. Yes, without them, I couldn't think it will survive and even if we think about P2P transactions, I know they are also reliant on exchanges. These exchanges play an important role in the crypto space whether it was DEX or CEX, they are really making the crypto space alive.
That is a good point, the companies that produce these exchanges have a lot of money, and they pour it to ads all around, making people more Bitcoin aware than ever. It might be that the first encounter of people with Bitcoin is through buying some at an exchange. But it goes way deeper than that. At least it's a good start for them to not be a no-coiner anymore. |
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Yes, people who are looking for income from gambling always think mathematically and are always looking for any strategy to beat the bookie, no matter how many strategies and scenarios fail to be able to win against the bookie, thinking about whether it is possible for the bookie to let someone win big from their site and whether There has been a history that casinos went bankrupt because someone won big money there.
I think it's hard to find history about it, the fact is that the dealer will always win even though we are good at calculating mathematically and coming up with any strategy, the key is only in how we control ourselves and set our mindset in playing gambling no matter what strategy will be used or produced in trials .
I don't think they always think mathematically, because if you do it, then you'll realize gambling has a negative expected return. Basically, you will lose all your betting money eventually if you continue playing because the casino has advantage in the odds. The only way to continue playing has to be non-mathematical, like emotional for example. |
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what are the odds of winning in slots? 0.5%? maybe less
probably really small, you'll have to roll lots of times or be really lucky to make bank playing it
have you ever won any slot game?
The expected return on any gambling game is negative. This means that for every $1 spent, you will receive less than $1. In the long term you will have $0. Slots are designed to give you the feeling like you have won big when in reality you just got say 50c out of a $1 purchase. |
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You don't need an exchange to buy Bitcoin. At least centralized ones like Binance. There are a lot of P2P exchanges.
You literally need an exchange to buy Bitcoin with another form of money. That's what an exchange is. It can be centralized or decentralized, that doesn't matter. We will need exchanges in one way or another as long as most people get paid in fiat for their goods and services. |
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I wouldn't rely too much on AI predictions simply because if it were anywhere to churning out accurate predictions right now, then, we'd have had an influx of new millionaires / billionaires and most bookmarkers would simply go out of business. Maybe for skill-based games rather than sports betting considering the fact that getting recent data to train a model would not be an easy task.
I've always viewed it as a tool to stop some repetitive tasks and it can be best used right now as a tool rather than a standalone system.
Also the casinos probably are already using the latest advances in AI to predict their odds. And at the end of the day their odds always give them a nice advantage to the house, so it doesn't matter that you can predict correctly the odds, the house still has the advantage. Example, a coin flip. Your AI predicts it has 50% chance of hitting tails. Casino pays odds of 40-60 for tails(slight advantage for casino). In the long term, casino will keep all your money because of that difference. See?, it doesn't matter if you have a perfect prediction of the odds. |
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Good point. It's not certain that you can win every day. If there's someone who can call as an experienced gambler, the chance
for them to lose is still possible, they can manage their bankroll the right way.
But they can't accurately predict that they will make money in every bet that they've placed. It's better to make yourself more into
entertainment it will allow you to enjoy.
But to try making money in the daily manner, you are risking your entire capital and the chance to lose everything is possible.
It's simply almost impossible to win against the casino. And if someone thinks that you can do that, every single day, then they're just misinformed about how the casinos operate. The odds are calculated so that the casino has advantage. So, in the long term the casino wins, therefore the gambler loses. |
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for responsible gamblers it will be easier to control themselves not to think too much of gambling to seek big profits and they know when to stop gambling so they can never become crazy gambling addicts because gambling with responsibility they will only bet with small money and ready to lose.
it's different if gamblers who don't have responsibility they are more easily influenced by emotions and do crazy things to vent their emotions by chasing losses and if they run out of all the funds they have they will try to steal money from other people so they can still gamble.
from here we get the lesson that consistently gambling will be better than having to end up being a crazy addict.
Responsible gamblers are simply gamblers that can afford to keep coming back to give their money to the casinos... It's an addiction, and some people have a really hard time dealing with it. People have lost their entire life savings in casinos, and even other people's money. It's not a pretty sight to see. |
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that's true
sometimes it's better to simply stop after some wins and taking a break, chilling, doing other things
you know one thing that help me a lot to take a break from the dopamine sinks (like social media and videogames)?
exercising
helps me to stay more focused
Long term gains are usually better than short term gains. The whole world is addicted to short term gains. People have no attention span these days. Five seconds and they're gone. Reading a book, going for long walks, meditating, thinking long and hard about something. Those things give you a much better reward than scrolling some pixels. |
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But if what is used to broadcast on YouTube is indeed an official account, it is impossible because they can get big wins very often, even after just a few minutes, they already have the umpteenth big win.
If all of these streamers use official accounts as well as personal money to play every day, I'm sure the casino will definitely feel at a loss because of the multiple wins in just one day.
Have you not thought about it until now?
One of my guidelines is not to believe anyone and anything that is shown in a live broadcast of a gambling game session on YouTube.
Those people make their money from YouTube ads. They simply play all the time and keep recording until they get a win, and then upload that as their win. They won't upload all the times they lost at the games because no one wants to watch that. |
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Yes, exchanges and bitcoin are two completely separate things. But it affects investor psychology, anyone is bewildered when an exchange has Fud, speculators will immediately take profits or cut losses to minimize risks.
Although they are a different thing, as long as fiat remains the main method of payment, then people will need exchanges to obtain Bitcoin. There's no way around it. The moment Bitcoin is used for most goods and services will be the time when exchanges are not needed any more. |
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These are extreme level of madness. Here it have moved to the level of kidnapping his own grandson. With majority of the gamblers similar is the situation, but it stands within the family by promises. They could've promised to their closer ones not to gamble, but out of addiction they won't be able to control themselves. This causes problems within the family.
The old person doesn't have any choice, here the common gamblers have got more choices to arrange money to spend. If not, even the common gamblers into these kind of activities isn't a big surprise.
Yeah, the thing is that it's not an overnight event. This is a gradual descent into madness through addiction. Slowly, the person first spends a bit more than what they originally thought, then a bit more. Suddenly they run out of money. First, they simply wait, but next time they push a bit more and managed to get a credit card or other form of credit to bet. Once all the available credit is gone, then they start going outside of their own and start using other people. That's when this gets really dangerous. The solution is to stop early, when it's simpler to stop, and there's less on the line. |
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I don't think Messi will just leave football... The World Cup is three years away, that's not much time... Although it would probably be nice for him to retire from football after his team won the cup last year... If Messi stays in the national team, it's not certain they can win in 2026... And this championship will definitely be his last... I can't assume anything about Ronaldo... He was going to leave a long time ago... But he still plays every time...
Messi currently has a contract with Inter Miami until December 2025... that sounds like he will retire by then, and not play the world cup in 2026. Basically it looks like he's just getting as much money as he can right now and then ride into the sunset. Maybe he will just continue doing ads, but I reckon he won't be playing professional football in 2026. |
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When comes to betting and even political tactics, the facts can be completely ignored by one part, in order the boost the probabilities of winning. It only takse to watch some of the speeches of Trump, specially that one he gave during the Townhall special CNN prepared for him some weeks ago.
He said that increasing the debt ceiling back in his presidency was ok, just because he was in charge; but if his political opponent is the one in the chair, then it is not acceptable.
The thing is that politicians will simply say whatever they think will give them the most votes to get into or stay in power. That's it. There's no consistency or logic other than that. The moment you realize this, the more sense it makes what politicians say. It's never really about the people, it's about themselves. |
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I think it is safe to say that we've heard about some professional gamblers, right? The ones who does gambling for a living but I will not be advising anybody to do that as that is a very risky job and surely it is not right to do it without anything on the sidelines like investments and other businesses as if you rely solely in gambling activities, things will turn upside down for you because it is not everyday where you can have some good moments in this kind of job.
Most professional gamblers actually lose money. Here's one of the rare ones that has been lucky enough to win money, Australian gambler David Walsh, and he himself says that he's been lucky: He said the risk of failing as a gambler was much higher than succeeding with about nine in 10 people going broke.
'But there's no difference in the level of skill of those that failed and those that succeeded.'
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Why do people do this?
They say: "my country" and they expect everyone to either know what country is being talked about or we have to go back to your various other posts to try to figure out which country you are talking about (like a puzzle).
It's a bit annoying.. and if you don't want to say that it is your country, then just name the country.. or maybe a group of countries that you might believe (or have knowledge) to be similar or something to specify.. it would be less annoying to be able to see what country you are talking about without my having to do a bunch of work to try to solve the puzzle that you set forth.. which could even mean that it is gobbledy-gook on purpose?
Yeah, I agree, it's a bit annoying but also somewhat common. Like people for example saying it's summer now, or winter, when in reality half of the world is living the opposite. Or saying good morning, or happy Friday or whatever, because of different time zones people will be living the opposite of the day, and might even living a different day right now. Basically people make the same assumptions they do in a local conversation, and forget that online conversations might have people from all around the world. Which is understandable, as we evolved with local tribes, not internet connected communities  |
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The physical functionality of the BATM machine for priority making cash deposits to buy bitcoin and cash withdrawals according to the calculation of bitcoin market prices, the use of BATM machines is related to cash so that BATM requires the availability of cash from deposits or cash withdrawals to users. I have reviewed several videos in countries that already operate BATM, so the function is not much different from ATMs from conventional banks, but the advantages of BATM are high security to protect user data, anonymity and accessibility which are easy to access for using BATM throughout the city.
Yeah, I think it's a great way to access cash when visiting another country. Instead of using your bank card you can fund that cash directly with your Bitcoin. Maybe the fees of the bank would have been higher in some countries compared to the Bitcoin fee. It depends. |
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From the available signs; it is looking increasingly certain that both Cristiano Ronaldo and Lionel Messi would participate at the next world cup in Canada/Mexico/United States. Either they are fit to play, or fit for the bench sides; both iconic players will appear at the worldcup; i believe it will be their final international and football appearance.
The coming worldcup is one that will be super interesting and also epic. Theres so much to look forward to!
From what I've read there's nothing set in stone yet. Both players might retire before the next world cup as well, who knows. Personally I would prefer Messi to retire and give this opportunity to the new generation of players. |
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I still haven't found anyone using AI like this but I'm sure people must be doing it. Is anyone aware of any reddit posts or other places that people may be discussing different prompts they are using to try and do this sort of gambling? I'm very tempted to do some sort of thread documenting the success of AI in gambling decisions, but so far I haven't found a good method to do so. Hopefully I get it figured out before the NBA season starts again. It would be cool to start doing some fun stuff with AI when that time rolls around again.
The thing is that, at least with OpenAI, the models are trained with old data, years old sometimes. So, you can't realistically use the ready models to ask for a prediction of a game that is happening soon. The most important data, recent one, is not available in the model yet. Maybe there are other models trained specifically to do this, including the latest results, and news, etc, but I haven't seen them yet. Maybe people are using them privately, which would make sense. |
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