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1501  Economy / Gambling discussion / Re: How was your first experience with gambling? on: July 18, 2023, 05:38:05 AM
Mine was actually cool and I won on virtuals on my first attempt to play... let's draw the clock to the times I was enclosed in a brick house....I actually ran in for a gambler though, and It came right through.
Thereafter, I began to try some brilliant combos on my own funds when I really had free space,.. I've not really had a bad one but though, buh I've been in situations where peeps be begging for cash to pay Thier way home after squandering all they had on them...that alone thought me alot. I also paid severally for damages when a customer was found not capable of paying for his debts.

Sandra 🧑‍🦰

Oh wow, so you won on your first try!

You could have been the mythical gambler that wins against the casino by never gambling again.

My guess is that you continued gambling and lost all the winnings  Grin
1502  Economy / Gambling discussion / Re: Can i make 100 $ daily from online casinos on: July 18, 2023, 05:36:33 AM
~snip~
One person who wins from gambling will not always be able to get it because there will be defeats that even a professional will experience. And if they can win more often in a week, it doesn't mean they are successful in using gambling as a source of income, but it's because of their luck. Making money from gambling means that we can get a win, and of course, this win is related to the amount of money we get, but the amount of money will vary. Besides that, the win will not be easy to get, so we must have a source of income that can really make money.

Yeah, but even if you bet a lot, the odds are still against the gambler.

So, at the end of the day, you might get lucky once or twice, but in the long term, all that money will go back to the casino, and more.
1503  Bitcoin / Bitcoin Discussion / Re: Have you, or would you ever use a Bitcoin ATM? on: July 18, 2023, 05:35:08 AM
I think I would try using Bitcoin ATM, just to get familiar with the process and see how fast and convenient everything will go. But I think I wont be using it on a regular basis. The stories of high fees are pushing me away from using Bitcoin ATM, and p2p so far is the more profitable way. Also the possible KYC in Bitcoin ATM prevents me from using it. Third reason would be lack of cash. I nearly dont carry cash at all. I've got few tens just for emergency case, and use card everywhere.

I think you can make card transaction at some of the Bitcoin ATMs.

There is usually a small limit for those transactions because they could in theory cancel the transaction from the bank and keep the bitcoin, but I remember reading at some point that you could buy a small amount with card.
1504  Economy / Gambling discussion / Re: The madness of gambling addicts. on: July 17, 2023, 06:31:20 AM
~snip~
Gambling addiction does not always have a negative impact on gambling addicts, those who are willing to do negative things to get some money have had an attitude that is not commendable long before they are familiar with gambling activities. Gambling addicts have a different attitude, some do disgraceful things in order to get money for gambling and some are professional by being ready to take their own risks without any intention of harming others.
Alcoholics have a harder time controlling themselves when they are drunk, while some gamblers are still conscious of what they have just done.

You might compare a drunk person doing wrong things, and a gambler that is just so into the games that they are deciding to put more and more money in there to "recover" their losses.

It's a similar state really, where you are not thinking straight, and just want the benefit right now. In both cases most of the time you end up in a worse situation the next day after a day of bad decisions.
1505  Economy / Gambling discussion / Re: I am only trying to stay safe by gambling less on: July 17, 2023, 06:28:28 AM
~snip~
When you say there is no short cut to getting rich quick, I will disagree with you.
There are actually many short cut to becoming rich, the question rather is, how many are willing to pay the price needed?

And lets not also forget that becoming rich too quickly is like getting married when you are not ready, you rush into marriage, you will rich out, else, it will swallow you, so also, if one get rich too quickly, there is every possibility that such riches will vanish before the person even realized what meaning he would do with the money to sustain it.

And again, short cut to getting rich over night is neither in gambling or investing in crypto, it involves other various means and ways, this means and ways may involve going diabolic, going against legal rules, committing a crime against humanity and God.

Yeah, you're right, you can actually get rich overnight in certain scenarios, like when inheriting money, or marrying someone rich that shares their money, etc. Things like that.

Plus also there are the lucky events, where you literally win the lotto, or you just got lucky in a business, etc.

But in general, it takes effort in the right direction to become rich.

Even if you work hard all your life, if you're in the wrong business, you'll never be rich.
1506  Economy / Gambling discussion / Re: How was your first experience with gambling? on: July 17, 2023, 06:24:17 AM
~snip~
I tend to think that someone gets addicted to gambling because they see about the possibility of big wins. It will increase their self-confidence constantly so that they really don't care about the risk of losing, this is also known as the curiosity about winning.

Discipline in gambling is only part of how you don't lose a lot of money, but it's not the way to not be addicted. You only need to change your mindset about winning and gambling goals so you don't get addicted, not learn about discipline and good budget management. Even if you are disciplined and have a budget limit for gambling, then you will also be said to be a gambling addict if you come back the next day or for another session.

Yes, the thing is that we humans are very bad at calculating probabilities in our heads. We're good at things like Newtonian physics (throwing a rock) without calculating anything. But statistics are tricky and not intuitive  at all for us.

And casinos basically took that concept and applied it to make lots of money. They show you something that you might think is a good deal, but the real math behind it shows that it's clearly a benefit for the casino, and they will take the money in the long term. But a gambler just doesn't see it unless they do the math. And the vast majority of gamblers won't do the math. That's that key to the casino's success.
1507  Economy / Gambling discussion / Re: Are successful gamblers seen as addicts? on: July 17, 2023, 06:20:59 AM
~snip~
Betting was never meant to be a means of generating income. Whether you call it a system or a game, the house will always win. If it were simple to turn a profit, wouldn't everyone already be a multimillionaire? That is not the how it operates, though. It's a fairytale sold by the casinos and shown in Hollywood that you can win big at the slots. Try not to believe it. The ostentatiousness is only a show. It's a machine underneath, designed to make money off of our aspirations. Those are some pretty sage comments there, mate. In other words, let's not get our hopes up too high. Because, let's face it, nobody enjoys the bitter aftertaste of disillusionment.

Spot on.

It's all really a show, entertainment. Luxury stuff, free drinks, laughs everywhere, the life of a high roller.

In the end, the casinos are the ones making the big bucks, and they bring people in with this idea.

It's similar to how the alcohol commercials are usually people having fun together at a nice location, while the reality is that they get the money from a guy sipping his vodka alone at home, depressed.

As long as you can gamble responsible, you should be able to enjoy it.
1508  Economy / Gambling discussion / Re: Slots 101: Basics, Strategies, and Discussion (with poll) on: July 17, 2023, 06:18:29 AM
~snip~
I tried this game several times but still no luck to hit big win and I understand that the most important thing in this game is the multiplier because having many connected high paying symbol will be useless without multiplier coins.
The special thing is that there are some multiplier, they are counted by multiply them.
I mean if we get connected symbols + some connected multipliers lets say 2x, 8x and 10x at the same time then the total multiplier is 2*8*10= 160x

Yeah, I guess the best strategy is to bet the maximum when you're going to win  Grin

It's impossible to know though, so you could get wiped out very quickly if you bet a lot. On the slim chance that you win though, you would win big.
1509  Economy / Gambling discussion / Re: do you lose on slots? on: July 17, 2023, 06:16:56 AM
~snip~
That's what I'm talking about. I'm not trying to say that Plinko is so boring that I hate this game and never play it. No. I used to play Plinko a lot in the past. I even hit 1,000x multiplier twice, although the win itself wasn't that big because the stake was around 1 cent only. But, as I see, you agree yourself that Plinko can become boring with time. There are many online slots that can become boring too, most of them, I would say. But I think there are more than twenty of them that no one would call boring.

Yeah, different people love different things.

Casinos usually go for the most common things that people like with their machines, with all the sound effects and lights, etc. They are the money making ones for the masses.

But they also experiment from time to time with different designs to see what actually gets people to play more.
1510  Economy / Gambling discussion / Re: The madness of gambling addicts. on: July 16, 2023, 05:58:48 AM
~snip~
Gamblers are desperate and willing to take any risk for the purpose to place wagers in the system. Loss is impossible to avoid; quantifying losses merely contributes to the instability of our emotions, regrets, and feelings of remorse for what we have done. Addiction is the most devastating incident that can happen to a gambler; it is one of the extreme levels that will undoubtedly result in losses and account liquidation. Gambling is simple to begin but extremely difficult to stop; I've come across numerous gamblers who tried everything they could to stop but couldn't, instead preferring to indulge in gambling further.

Yeah, it's a tricky addiction, because it's so expensive.

You can literally lose all your life savings in an afternoon.

Nothing else comes even close, no drugs or luxurious lifestyle can get to that level. There's just not enough time to spend that much on things or experiences, whereas in a casino you can lose it all in minutes.
1511  Economy / Gambling discussion / Re: Are successful gamblers seen as addicts? on: July 16, 2023, 05:57:13 AM
~snip~
Honestly, I didn't think and never thought that there were really people who were successful at gambling. If they are gamblers then I don't think they will stand a chance of being successful in it. Gambling was created only as a place to have fun when someone is feeling something that makes them feel stressed or bored. If someone succeeds in getting success in gambling then in my opinion that person is a bookie in gambling itself, the logic is how can you be successful if you only rely on luck because you will only win if luck comes. So I think stop assuming that someone can get success in gambling, because that will only torture someone psychologically when gambling. Indirectly, this statement will pressure a person's personality when they are gambling so that they always expect a win without them realizing that they have experienced so many losses.

There has been people who have won against the casinos, but it's rare and they are very lucky indeed.

For example, David Walsh, a professional gambler from Australia, made a lot of money in casinos and opened an art gallery, MONA.
1512  Bitcoin / Bitcoin Discussion / Re: Have you, or would you ever use a Bitcoin ATM? on: July 16, 2023, 05:55:42 AM
~snip~
Bitcoin should make our life easier. The example you gave really helps. When you go to another country, you can use the Bitcoin ATM as if you were shopping from your own market. It's great to have such an opportunity. Considering that these ATMs are in many parts of the world, it makes our life even easier. It can be very useful if an adjustment is made to the fee charged for the transaction made at ATMs.

Everything will be much better when it is started to be used in stores as well. We need time for these to happen. We know that time passes very quickly. This is good news.

Yeah, it takes some time for people to adopt new things.

Even with bank cards it took some years for people start to use them, similar to online shopping as it was possible in the late 90s already, but not many people did it back then.

We'll see how it goes, specially with lightning, it will make everything easier. It's just money in the end.
1513  Economy / Gambling discussion / Re: do you lose on slots? on: July 16, 2023, 05:54:10 AM
~snip~
exactly
this is what I thought
when you play online there are ways to verify it, but do you know if there are ways to check when playing offline or you simply have to trust the casino owner?

This changes a bit from country to country, even state by state or areas. But most of the casinos have to comply with certain regulations, and basically they get a license to run the machine.

Each machine has a license, and it's proven by a third party that it is actually operating fairly.

So, yes, there is some level of trust.
1514  Economy / Gambling discussion / Re: I am only trying to stay safe by gambling less on: July 16, 2023, 05:52:26 AM
~snip~
Are you going to allow your friends confuse you on what you don't desire to do? You are already convinced that bitcoin investment and gambling is not the same thing but your friends are insisting they are, friend you don't need to prove anything to them. Addict gamblers are like that, they are use to arguing that way because you are not doing same thing they are doing and they want to generalize every thing together. But you know the difference by your self, why don't you keep to it and if you want to gamble by yourself you can instead of allowing them to persuade you.

Yeah, absolutely.

Gambling is not investing.

The thing is that a lot of people just want a quick fix, get rich overnight, etc, and that's basically gambling. With investing you will probably get more money in the end because there's something being created, whereas with gambling, it's just entertainment provided by the casino.
1515  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: July 14, 2023, 04:44:01 AM
~snip~
Just one question to you.

If a country can't qualify for the FIFA World Cup, why should that country be given the hosting rights? This was very evident during the 2022 FIFA World Cup. Qatar was given automatic entry to the tournament since they were the hosts. And what happened after that? They lost all three of their group stage matches and got crashed out of the tournament. I still believe that if a more deserving country from AFC was given that slot, then they would have performed much better. Anyway, in this case United Arab Emirates was the team that was ranked 6th in the AFC qualifiers. I don't know how they would have performed, had they been given the chance.

Well, I find it fair that the hosting country has the qualification given right away.

There's a lot of preparation, time and money that goes into hosting the world cup, so at a minimum you want your country to be represented there and see how it performs.

The point of doing it in Qatar actually showed that it's not that FIFA just treats Europe and South America preferentially, they simply are the best in the world, and Qatar showed it. It's not because they are not given enough slots, the Asian countries(and North America, and Africa) are just not as good as Europe and South America.
1516  Economy / Gambling discussion / Re: I am only trying to stay safe by gambling less on: July 14, 2023, 04:40:44 AM
~snip~
I consider a person addicted to gambling if all the time they are looking for a way to play anyway under any pretext, they don't care if they spend a lot of money, some don't mind losing everything as long as they keep playing and playing, in that I consider myself a addicted person, in addition to some special characteristics of people, then sometimes they do not accept that they have a problem and that is something more complicated.

Casinos usually present their ways of entertaining and having a good time for people so that they can do their things under the time required to play, if a person does not play enough they will feel the need to continue playing and if we add to that the person has been losing his money, the player is going to get into controversy, less time and losing money, because he must recover, and that is when everything goes wrong and the big problems start, that is when it should be avoided.

For this reason, when you are going to start in a casino to play whatever it is or to make sports bets, you should consider that you should not spend the money you have for the usual commitments, nor should you make loans to gamble because the most It is sure that this money is lost playing, you have to avoid 100% of making movements given by impulses or adrenaline, because it becomes a loss of money, you rarely win when you play on impulse, the truth is that I do not recommend it, and I do. better and smarter to have an expense management plan.


An addiction is actually anything that is causing problems in your life by some repeated behavior, in this case, gambling.

Some people might gamble all the time, but keep it under control, and see it as some games that they pay for entertainment.

That's different to someone that just puts all their money there, and waits until their next pay to put it all there again.
1517  Economy / Gambling discussion / Re: do you lose on slots? on: July 14, 2023, 04:38:59 AM
~snip~
if you're playing slots like 100 times would you split your tries into many different slot machines or all in the same one?

some think that it'd be better to put it all in the same machine but in reality I'm not sure.

each game should be outcome independent but I have no idea how the programming of these machines work.
would love to talk with someone who builds it

At the end of the day these machines have to be provably random, that means that they can prove that it behaves as a random event.

In that case, it means that it doesn't really matter if you play in one machine or in many, each interaction is completely independent of the other.
1518  Economy / Gambling discussion / Re: Betting strategy question on: July 14, 2023, 04:37:32 AM
~snip~
Yes, arbitrage betting always favors you as a gambler, but once the sports house finds about your practices, the chance of
freezing your account or void your bets can take place.

Not only that, the chance of closing your account without getting your money back is also possible, it's not easy access since
house also needs to protect their money.

Better to find other options or alternative that will give you some decent chance of winning.

Yeah, I think arbitrage is not seen as a nice thing to do for most casinos, plus these days it's not as easy to get those opportunities anyway.

Plus, there are many fees involved that sometimes it doesn't make sense to do it.
1519  Economy / Gambling discussion / Re: Can i make 100 $ daily from online casinos on: July 14, 2023, 04:36:33 AM
~snip~
Imo in this case, there is nothing wrong with optimism but we must also be able to balance optimism and rationalism. Optimism is one of the things that should be praised but we must be rational in things like this because it is impossible for money to come by itself when we don't do anything and just hope by looking at other people not that we also don't have a chance but things like that depend on everyone and it could be that when you see people who are profitable in live streaming when gambling and you want to do the same thing, the trap they planted has hit you. However, we must keep our brains to be more realistic because it is impossible that all will be profitable every day in gambling.
[/quote]

Yeah, you're spot on.

At the end of the day it's basically those mechanisms of "hope" and excitement that the casino use to try to hook gamblers for as much time as they possibly can.

And that's how they get their money, by simply letting them play for as long as they can, eventually they will lose all their money if they are not careful.
1520  Economy / Gambling discussion / Re: How was your first experience with gambling? on: July 12, 2023, 07:16:43 AM
At a real life casino, I bet some money here and there at the tables, and it was kinda fun.

I used to like the whole show about the casinos, and I still kinda like it, but gambling itself has not interested me too much to be honest.

Specially after I was aware of the math behind it. It doesn't seem too lucrative for me  Grin
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