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14601  Economy / Gambling discussion / Re: Bitcoin price and gambling on: January 06, 2017, 10:06:20 AM
The nice thing is how you can bet in units smaller than 1 bitcoin.

The moment where one satoshi is too big of a bet for the common person or even the smallest gambler is not even close.

This is what I'm thinking and this is absolutely the effect of the price increase. So if you are that kind of gambler that are betting small amount for each dice you make, then you can now bet lower than that because the small amount that you use to bet is now bigger.


The potential issue here though is that some gambling sites have min bet sizes in place. When they don't move with the increased bitcoin price, at one point you are not able to make the small bet you planned.

They may increase min or max bets, but when their investors stay with the same amount of bitcoin, there is not really a reason for them to change the min/max bet sizes.

With bitcoin price increased, house always win more, like this min/max bet, the house can decided, for a gambler it's a kind of disadvantage, because if the house not make a lower min bet gambler need to deposit more fiat.

There's no impossible if the house will not change min bet.
i don't think a gambling site/casino increased the minimum bet , it is doesn't makes sense.

but they might can change the max bet as it is about the site bankroll , especially when bitcoin price skyrocketed. also there is nothing makes house edge always win more with bitcoin price move up lol , no influence at all for the house edge.

Yeah it doesn't have something to do with the their min/max bet. Because for us gamblers we can just adjust whatever the amount we wanted to bet. For their bankroll also I don't think it does have something to do with their investors, unless some of their investors will pull out their investments and take the chance to cash it out because of the price.
14602  Economy / Gambling discussion / Re: Gambling for a living or a living for Gambling? on: January 06, 2017, 09:09:40 AM
If you aske me if I am one of the two option ( gambling for a living, a living for gambling) I would say none of the above.  I never use gambling as the way to earn a living, I have my jobs that can support my family.  And definitley not a living for gambling, i will never put my family on the line just to play gambling.  That act is insanity !.


Note:  For and from are two different preposition that give different meaning when used.

I agree, I just gamble for the fun and nothing more or less, its just that gambling has to be fun and you should not depend on it too!

Yes, we should treat gambling as a source of entertainment, fun and a way to ease our boredom but it is not that bad to hope for some amount to win but of course don't hope to much for it, because you will think that gambling will be a way of living like those people who have experienced to earn good amount in it. That's why most of us don't really gamble for living.
There's no pressure when treating gambling as an entertainment because you will not think of getting back your loses whenever you lose. It's no burden as you believe you are spending not investing to expect something in return. It's on the mentality of a person, and I believe those who believe gambling is for fun will survive.

We can't figure out who are those people who are gambling for a living and those people who are gambling for entertainment purposes. But you are right with that, if we are not going to gambling for a living, there is no pressure at all. And most of the time when we gamble we can just enjoy every time we bet.
14603  Economy / Gambling discussion / Re: 2016/17 NBA Season on: January 06, 2017, 08:53:22 AM
That's why Lebron is the MVP and I was outraged at the thought Curry was voted by everyone. Yes fine, he had a great season with the record and all, but the MVP is the player that completely changes a team. If Curry goes to Brooklyn or Denver they will barely make the playoffs if at all. Lebron goes to Philadelphia or the Lakers tomorrow and it instantly becomes a contender. There's only one player of this caliber per generation. Shaq was the same at his prime, Jordan before and so on.

We can name a lot others like Duncan but they've never moved to another team so we don't know what could've happened. James has been the real MVP (lol) every season since he was a rookie.

Definitely will agree. If Lebron transferred to a weak team or let's say average players, he can definitely carry the team into playoffs and finals. But for Curry, Durant etc. I see the odds are low to make it to the finals with only them as a superstar in the team.

Proof? Look at Lebron James era back in his Cleveland Cavaliers prior transferring to Miami Heat. He able to carry his team into the finals with only average players as his squad. And not just that, watched the replays of his playoffs career in Cleveland and see how well he performed during that time.

I agree with you chaser15, Lebron is just one of the most amazing players and has a real talent that can bring up his own team. That's why I call him a one-man team. Look at those people who are fans of him, many are supporting him whether he transferred to Miami or way back to Cavs. What if Lebron will be traded to any player of 76ers? Do you think they will have a chance now to be a champ?
14604  Economy / Gambling discussion / Re: 2016/17 NBA Season on: January 05, 2017, 02:23:05 AM
What do you think it's intentional or not? Cheesy This happened a moment ago.

https://www.facebook.com/bleacherreport/videos/10154681414571006/?hc_ref=NEWSFEED

Oklahoma City Thunders now gets the lead after some tremendous efforts. Final quarter of the game now. 93-90 OKC.


Haha when I saw this also on my newsfeed I thought and judging it immediately that Russell was upset because they lose but that's not the case and foreseeing it, it wasn't intentional but upon playing and playing again, this was surely an intentional act of Russell Westbrook. Very funny, Russy from way downtown
14605  Economy / Gambling discussion / Re: Can gambling be profitable in long term ? on: January 05, 2017, 02:16:03 AM
It depends on person to person some people make gambling profitable both in short and long term but this number is very small. gambling is like hit and run this is how I take it. I place bet only when I am sure about my chances though there is no guarantee but I am with profit for my all period of playing gambling games.
yes some people are really too good in gambling they have good skill and experience in trading also with good skill, therefore they are making good money in gambling very consistently.

Those gamblers are very few because they manage to have good profit in gambling by being the way they want. But for me, I can't really make gambling as a profitable thing in the long term unless I will invest into casino's bankroll then that's the only way that I will going to make gambling as a profitable thing for long term.
14606  Economy / Gambling discussion / Re: Gambling for a living or a living for Gambling? on: January 05, 2017, 02:05:12 AM
If you aske me if I am one of the two option ( gambling for a living, a living for gambling) I would say none of the above.  I never use gambling as the way to earn a living, I have my jobs that can support my family.  And definitley not a living for gambling, i will never put my family on the line just to play gambling.  That act is insanity !.


Note:  For and from are two different preposition that give different meaning when used.

I agree, I just gamble for the fun and nothing more or less, its just that gambling has to be fun and you should not depend on it too!

Yes, we should treat gambling as a source of entertainment, fun and a way to ease our boredom but it is not that bad to hope for some amount to win but of course don't hope to much for it, because you will think that gambling will be a way of living like those people who have experienced to earn good amount in it. That's why most of us don't really gamble for living.
14607  Economy / Gambling discussion / Re: Bitcoin price and gambling on: January 05, 2017, 01:59:25 AM
The nice thing is how you can bet in units smaller than 1 bitcoin.

The moment where one satoshi is too big of a bet for the common person or even the smallest gambler is not even close.

This is what I'm thinking and this is absolutely the effect of the price increase. So if you are that kind of gambler that are betting small amount for each dice you make, then you can now bet lower than that because the small amount that you use to bet is now bigger.

The biggest risk would probably be gambling sites running away with investors money now that it has basically doubled in value.

Exactly there is already almost the same situation like what you are saying https://bitcointalk.org/index.php?topic=77870.msg17398660#msg17398660
But it is now being investigated by the management. I hope so those casino's will not run their investors money.
14608  Economy / Gambling discussion / Re: 2016/17 NBA Season on: January 05, 2017, 01:49:51 AM
Cleveland Cavaliers vs Chicago Bulls : bet for Cleveland to win .
Golden State Warriors vs Portland Trail Blazers : bet for Golden state to score over 110.5 pts .
Charlotte Hornets vs Oklahoma City Thunder : Bet for Under 210.5 pts .
That's scary mate, the line went down from -8 to -3.5, based on covers, the big 3 will most likely not to play. I was very excited to see this game but with this news, I think the Bulls will take a win here. They need a win badly, after being beaten up with the previous games.

I like Bulls ML and under, no big 3, less offense plus Bulls makes defense to win.
Lebron is playing in this game and had a Rick Ashley music video before the game to boot!
Hillarious. Grin
I don't think the Bulls will win in Cleveland with those guys in there. I thought one of them had a knee injury.
Currently, Cavaliers is leading, low scoring game as expected, without love and Irving, this would favor the Bulls to win although Lebron is playing. There chances to win is when the refs favored them, I'm no Cavaliers hater but I see bulls can win this game.

It is still on the second quarter and the game is still far to its end. 25-26 upon checking 1 point lead by Cavs. Let's see on how will Lebron will manage to win this game without the help of his two mates. Let's see on how the Bulls will manage to fight against three opponent for this game, the whole team of Cavs, the crowd and the refs. Cheesy
14609  Economy / Gambling discussion / Re: Gamling with a high risk and high rewards or low risk and low rewards? on: January 05, 2017, 01:39:22 AM
If you are a gambler and have 2 option :
1. Put your money in high risk game with high rewards.
2. Put your money in low risk game with low rewards.
Then which one you choose?



People who are greedy will choose to put their money in high risk but with high rewards. But I don't want to be the same like them as I'm always get contented on any small portion or amount that I will win from my money. So I will choose to put my money in low risk games and win small amounts, I just wanted to be always safe.
14610  Economy / Gambling discussion / Re: do you can control your self when playing gambling? on: January 05, 2017, 01:07:07 AM
To be honest, it is quite hard to control your impulse when you are gambling.

In my case, I cannot. Which is why when I start gambling I will always lose it all in the end. There is no common sense in people when they start to gamble. All of the house edge and risk is out of their mind.

Only gamble if you can afford to lose some money.

I would suggest that every time you are gambling you need to set up a limitation for the amount that you afford to lose. Because you cannot just use, gamble what you afford to lose again and again if there are times that most of the time that you are losing again and again. Even I, I have hard time in controlling it but sooner and later I realize that I can by experimenting with myself some ways.
14611  Economy / Gambling discussion / Re: How do you know when to stop? on: January 05, 2017, 12:55:54 AM
When do you stop? Do you have a daily limit or something?
i don't know when to stop , i think to stop when it was not pleasant (boring) or when a bad mood. I stop when tired

You should learn when to stop even you think that it is boring or not you should stop. When you already won some good amount then you need to stop already and try to secure those winnings. Don't make yourself stop when you are tired or you don't have enough bitcoins to gamble anymore. Because that will just give you sure lose in every time you gamble.
14612  Economy / Gambling discussion / Re: What Are Your Favorite eSports To Bet On? And Why? on: January 05, 2017, 12:43:47 AM
The title says it all. Whats your favorite esports to bet on and why?

I will start it off. My favorite is csgo because its the one game i love playing and watching. Its easy for me to keep track of whats going on in the pro scene so I am rarely wrong on my csgo bets.

My favorite esports to bet on is only Dota 2. I just love to go back to the teams that I admire since Dota 1 days but right now it seems a lot change did happened already but still I am monitoring each team regarding their games and bet small amount for the teams that I think that will win but this is just like the NBA for this season, teams has a lot of surprises.
14613  Economy / Gambling discussion / Re: Can trading be considered as gambling?? on: January 05, 2017, 12:33:47 AM
In a way yes, if we are going to compare gambling and trading, we can considered Trading as gambling because the risk that we are taking in Trading is almost the same that we are taking in gambling, but not as big like the risk in gambling. In Trading the only problem that we are thinking of is being scam by someone while in gambling the only problem that we are thinking of is losing and the strategy that we are going to use, for us to win.
Only the risk are the same but on how trading and gambling works they are totally different. I guess that is their similarity but overall trading is much different from gambling but many are loving to do both at the same time just like me. I just love to monitor the prices of alt coins while I'm having fun gambling with dice games.

Only the word "risk" is the same in there.  but the level of risk is far different from trading and gambling.  Trading can nullify the risk involved in it if the person just do his own research and learn all the aspect of trading.  I don't know why people can't see the difference between trading which is  affected by external factor and gambling relying on the internal system setting.  What is the same in that aspect?

Yes exactly on what you have said. That is also called an advantage in trading but if you are that experienced in gambling, you can apply it also when you gamble but that is not going to give you a guarantee and advantage that you can win a game unless you will play sports bet and poker because it can just make you professional gambler who can take a risk.
14614  Economy / Gambling discussion / Re: Why is gambling so addicting? on: January 05, 2017, 12:10:32 AM
The reason of most of the gamblers think that they are lucky enough

This is nonsense, no one thėnks that he is lucky enough to win. Actually it is your curiousity to test your luck or either your greed that wants to win more and apart from that I dont really see how you could be thinking that you are lucky today and might win anything from the house, that is just nonsense things to think about

You may not know but that is really happening in real world. Especially if you are going to enter a casino a lot of cougars, addicted gamblers and new comers will always shout there that "I am lucky for this day". And that is giving them strength to keep on moving and gambling around even though the reality is they are actually losing.  It is a person's opinion and we can't do something about it if they are thinking that way.
14615  Economy / Gambling discussion / Re: Gambling for a living or a living for Gambling? on: January 04, 2017, 05:20:52 AM
Not really for a living, but I do gamble to earn atleast, other than that, I have no other reason to stay in the gambling site. Entertainment is not in my mind when playing, I go there for business, for money. I will be a hypocrite if I tell everyone that I am there to chit chat or to have fun when what's really on the back of my head is money.

Me either I don't gamble for a living and as well as I don't live for gambling. But those people who are making gambling as a source of their living are those people who are really dedicated to make gambling as a profession. And that's why gambling is making themselves to keep on going. Even though I am hoping for some profit with gambling but not that for a living.
14616  Economy / Gambling discussion / Re: So should I make this bet with 1 bitcoin? on: January 04, 2017, 05:05:44 AM
Wow that's truly an achievement congratulations to you.

Lost both parlays of one with 1 bitcoin on the line because of the high odds for basketball game at 7.29 so did not expect to win that one.
The other one was for 150mbtc with only one game off by 2 points with a 2 second shot at the end. All other games won and would of had me at 1.25b.
So easy come easy go as they say with gambling for high stakes.
I did start this with 50mbtc anyways. So no big loss for me. Undecided

It seems that this is the update that I've been waiting for and it's very unfortunate to know that you lose and it looks like that you are forced to bet with those games. I guess you will not now use sportsbet.io because of that. Try to sports bet with some other good gambling site.
It seems that they held my funds just for this reason because as their review department that they had my account looked at by them knew that I was into taking high-risk bets from my previous parlays that I have done. And was counting on me putting it all on several parlays.

And to the others who are posting after my update post:
I lost the parlay with 1 bitcoin! So the 3 days of winning is over.
It wasn't so great while it lasted because I wasn't going to see that bitcoin anyways and now that my balance is next to zero they will say it is ok to do withdraws from the account. A little to late for that now isn't it? Roll Eyes

That's too bad for you man and I feel sorry about it. Of course they will now allow you to withdraw since you almost lost everything or should I say you already lost everything. Just don't gamble with them anymore and try to look some other sports book that will make your sports betting at its finest, this is shameful.
14617  Economy / Gambling discussion / Re: So should I make this bet with 1 bitcoin? on: January 04, 2017, 04:14:42 AM
Wow that's truly an achievement congratulations to you.

Lost both parlays of one with 1 bitcoin on the line because of the high odds for basketball game at 7.29 so did not expect to win that one.
The other one was for 150mbtc with only one game off by 2 points with a 2 second shot at the end. All other games won and would of had me at 1.25b.
So easy come easy go as they say with gambling for high stakes.
I did start this with 50mbtc anyways. So no big loss for me. Undecided

It seems that this is the update that I've been waiting for and it's very unfortunate to know that you lose and it looks like that you are forced to bet with those games. I guess you will not now use sportsbet.io because of that. Try to sports bet with some other good gambling site.
14618  Economy / Gambling discussion / Re: Why is gambling so addicting? on: January 04, 2017, 04:03:43 AM
the reason why gambling is so addictive is because we believe we can out smart the system(house) or we get to carried away from our first win or loss and want to win back what is ours and it becomes a cycle.

That's not the real reason why gambling is addictive. The reason of most of the gamblers think that they are lucky enough and even how hard it is to win a single win as long as they think that luck is with them. They are going to keep on gambling again and again no matter what happens, even they are losing as long as the hope of being lucky is there.
14619  Economy / Gambling discussion / Re: Can trading be considered as gambling?? on: January 04, 2017, 03:52:01 AM
In a way yes, if we are going to compare gambling and trading, we can considered Trading as gambling because the risk that we are taking in Trading is almost the same that we are taking in gambling, but not as big like the risk in gambling. In Trading the only problem that we are thinking of is being scam by someone while in gambling the only problem that we are thinking of is losing and the strategy that we are going to use, for us to win.
Only the risk are the same but on how trading and gambling works they are totally different. I guess that is their similarity but overall trading is much different from gambling but many are loving to do both at the same time just like me. I just love to monitor the prices of alt coins while I'm having fun gambling with dice games.
14620  Economy / Gambling discussion / Re: 2016/17 NBA Season on: January 04, 2017, 03:36:27 AM
Looks like there's no chance in winning of Utah Jazz right now against the Boston Celtics. Currently Isaiah Thomas is doing his real job.
13 Assist with 19 points right now! Reasonable for MVP for this season. And I will vote also to win his 1st MVP award.

And the game ended at the score of 104 - 115 in favor of Celtics. Surely Thomas did great job on that game and I hope that their winning streak will not be ended by the 7sixers as the standing of them is 14th for the eastern conference while Celtics is listed on the 3rd. So that's very far difference from the both team.
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