~snip~
Just because you own a valuable house doesn't mean you are financially well off. The wealth represented by your home is only on paper and realized only when you sell it.
When you own your own home, without a mortgage, your living costs are reduced dramatically. This is because housing is the largest expense for the vast majority of people. Once you remove that cost, you will be able to invest more money, which will generate more money to you, and so on. Therefore, the idea of owning a home is great, financially speaking. Now, if you got a massive mortgage, and you are struggling to pay it every month, and will continue to do so for the next 30 years, then you are simply renting from the bank, with added expenses. You might even lose your home in those 30 years if you can't keep up. Owning a home is not the problem, having a massive debt is. |
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Interesting, I would like to see at least one Apollo solving a block since the firmware hasn't been open sourced yet. It would be quite demoralizing to know that all these mining efforts have been in vain if for some reason the firmware cannot handle a block with this high difficulty. With closed source you just have to trust, unfortunately. |
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~snip~
Of course, only few gamblers I think must have won more than they have put into the casino because they were lucky to win huge amount in a short period of time when they started gambling. I am an example to this because I have lost so much to gamble but only win little amount. This is why it is important to reduce your losses by gambling with only the amount of money that you can afford to avoid your emotional trauma.
Yeah, that's usually a good advice. But the flip side of that is that if you put just a bit of money in there, then you can't really make too much money. At least not an amount that will be life changing, so why bother? I think both sides of the argument have a point, that you should either bet a lot to see if you win, or bet a little to keep it safe. Of course the simplest way to wealth is to do something else instead of gambling  |
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~snip~
Yes, it is a fact, however, stopping at the right time is always a must-have skill for a gambler, because that action is the same as you prefer to prevent than cure and of course it is much better than in the end you experience and feel significant regret when it turns out everything is lost again.
But in most cases, gamblers always find it difficult to apply the idea, and I think it is clear that the reason is because they cannot ignore the greed in their minds so that in the end the previous winning amount is lost again, therefore this is why being aware of the potential dangers of greed must be owned by every gambler.
Yeah, but the thing is that mathematically speaking, the right time to stop is at the start. It makes no financial sense to gamble at casinos, because you are expected to lose money overall. But people still gamble, all around the world, and they will continue to do so. Therefore, when is a good time to stop?, it depends on each person's goals really, because they will lose money anyway. |
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~snip~
In my opinion, if the risk percentage does not change between rich and poor, the rich person perhaps has a better chance of recovering the loss but the loss is a higher percentage and therefore really creates many problems in this regard. The poor man loses little but it is hard for him to recover. So there are pros and cons.
Yeah, I think that's a valid point. In the end the rich person might have a method to generate money, so even if they lose all right now, they might be able to generate it easily. On the other hand, the poor person might simply depend on a job to pay for his salary, and if that person gets fired, and loses at the casino, then it is really hard to get back on track. It all depends really... |
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~snip~
And we as gamblers of course from the bad experiences of other gamblers we will try to behave wisely and that will also make us professional gamblers that are consistent in ourselves and able to limit and control ourselves in playing gambling properly.
And do not forget that every action will definitely have a risk depending on how we do it.
At the end of the day a professional person is someone that gets paid to do something. If you end up paying for doing something, then you are a customer, not a professional. It's just how things work. |
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~snip~
Well said. If you ask me, I feel that the correct odds at the moment should be 2.0 for Trump and 2.0 for Harris excluding any vig obviously since they are pretty evenly matched at the moment.
Anyone saying either of them has better chances than the other are simply inserting their own bias into the probability equation. The sudden U-turn from Biden to Harris really helped boost Democrat chances though.
Before Kamala I would say that Trump was the favorite candidate based on what you see on the TV and social media. After Kamala appeared, it seems that Trump has somehow went down a lot and I don't think he is getting any good numbers. I am not sure what happened, but the change is massive. |
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If we have to put those into context, it’s largely based on, what you’ve got left after the loss. That’s where you determine the worth of the loss from. It doesn’t really matter if it were your spare cash or not but, when you haven’t got much left, even the rich guy would seem poor about a $1k loss.
The thing is that it doesn't matter what the absolute number is. The thing that matters is the relative amount of money that means to the gambler. A rich person can be wiped out in a single bet, whereas a cautious poor person can continue betting. |
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~snip~
only very few people have the courage to stop, almost everyone gets carried away and thinks they can always win
this is why casinos are rich
Yeah, it is difficult to stop, but when you realize that the vast majority of the world population is not gambling, then you realize it is OK to not gamble. It's the same with alcohol. Most people are not alcoholics, but in the circle of an alcoholic they might see that "everyone" is an alcoholic. It's good to step out and see the whole thing from a bit far away. |
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~snip~
Many gamblers face this issue,because they thought to withdraw the money with high value.But the gambling site only give the certain percentage,like 5 times of the initial is the high value for the betting.But after seeing the 5 times of the money,the gamblers try to get huge money from the gambling site.But the blunder done by the gambler is they will keep play with the winning money to multiple the holding dollars further high value.The gambler should have to control their emotion while they playing the game,because if the gambling was keep on continuing for the longer period will leads to the huge loss in the gambling site.
Yeah, emotions are a thing of course, and it might affect a lot of people, but at the end of the day, the thing that matters the most, and that will probably drive your emotions, is the amount of money that you have lost gambling. Some people claim they have win millions, but they are quick to hide the fact that they have put more than a couple million in there to get those numbers. So, in general, most people lose money in gambling. |
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And, as you said, the enjoyment and entertainment should be the cornerstone behind all of it, not trying to get you spent back  That's my opinion, of course. Yes, at the end of the day the gambler should have fun, because otherwise, what's the point of doing anything, really? Just to connect with people, share different points of views, have fun, and enjoy life!. Who doesn't want to do that? |
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~snip~
That is true.
It is the bravery to withdraw that counts. Not everyone can do this because most would give in to their greed and bet for some more thinking they are having a lucky day so they must continue and try to get that best multiplier even though every profit they made is slowly going down including their own capital in the process.
I have been there many times and I've actually learned my lesson. It sucks to be in a position where you are regretting everything after that bad mistake of a choice.
Yeah, the thing about still being "in the machine" means that you still have the chance to hit it big.... The moment you press the button and collect your winnings, it is a bit boring, specially how the casino makes it of course... But you know that boring makes the money. |
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~snip~
100 * 100 will be $10000, but, you are right. Usually the rich won't lose anything, and the poor would lose a lot because he has fewer funds and sees gambling as an opportunity to change the situation in their life.
I don't agree with this at all. Rich people lose all their money, all the time. You can see it live if you go to a casino. I wouldn't recommend it, but it happens all the time. |
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Yep, it depends on the person as well. Each one of us is built differently and reacts differently too.
I think this is the perfect quote, because everyone of us is different and will react in a different way. There's no point in making someone look better or worse, it is what it is. I think many people are OK with that feeling. |
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~snip~
greed is a natural trait that everyone certainly has, not only in terms of finance, there are certainly also people who have greed outside of finance such as greed for position, power or others. when greed arises, the consequences are not small, gambling which is known as a game of luck with its victory certainly determines clearly that no victory can be obtained in a row or continuously, when someone has won and still wants to win, then most likely defeat will still occur and that can trigger him to become emotional and uncontrolled.
we must be able to balance everything well, see ourselves where we can experience uncontrolled emotions when we find something unpleasant, besides that no one is happy when they lose something that has made them happy and that is victory, therefore when the victory that has been obtained is lost it is not strange if upset or even depression occurs, but that is a consequence of greed, if only not following greed maybe something like that would not happen.
One of the things that I've learned over the years is that some people are different. And that means that some people will be always gambling at the casino, others will be always drinking at the bar.... But there are also other people at the library, at home, riding their cars, bicycles, etc. Not everyone ends up in the same area that we are living. |
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Anyone can take a risk if they want. But based on the available funds of the rich people poor rich people can take more fund risk than the poor. But based on the percentage of available funds it is not easy to say who can risk more and who should risk more. My conception is that no one should take a risk which they can't afford if they loss.
Yeah, I think that's the whole point. Rich and poor can end up in the same situation after a single bet. They will face the exact same probabilities, maybe the poor person gambled $1 and the rich gambled $1M, but the roulette ended up in 00, so both of them lost their bet. That means they could both end up broke in the exact amount of time. |
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~snip~
All candidates have an equal chance of winning and losing, prior to the election and vote counting.
Donald Trum did manage to attract attention in the last few weeks and made the world excited with an assassination attempt on him so he garnered a lot of support like a super hero fighting crime.
Kamala must be quite a difficult opponent at the moment, because maybe as you said that some US citizens want to see a woman leading, but I don't think it's an easy thing with the US and global status full of polemics, I doubt Harris can be a captain as firm as Trump.
I'm not really sure about that. It's not like you have a clean coin flip with 50/50. The candidates themselves are very different people. They tell different stories, they reveal different things, etc. Given two candidates, you only would have 50/50 if you literally know nothing about them, not even their names. The moment you start adding information about them, such as name, age, sex, history, etc, then clearly the current citizens of a given country will have different opinions about each candidate. And those probabilities will keep changing based on the new facts and stories that happen before the elections. |
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~snip~
Inner balance plays a key role while we take action, so, by being with a cool head in a situation where the awaited jackpot is at stake, the odds of doing something wrong or because of greed decrease.
At the end of the day, all that it does is to minimize losses. If you refer to having a cool head in terms of knowing when to stop gambling, then yeah, it is simply putting a stop to the free fall of the gambler's financials. A good approach is to know in advance how much the gambler will be happy to spend, and only use up to that amount. |
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~snip~
Gaming is a society symptom, not only some personal shortcoming. We enjoy the adrenaline, the danger, the dopamine surge. It's primal. Still, blaming the gambler is like accusing the addict without considering the dealer. We have to become real. There is always going to be gambling. So, instead of demonizing it, let's use it. Though it's a tough teacher, it may teach us a lot about ourselves: our greed, our desperation, our hope against all chances
One of the most important is education. Not simply "don't gamble", but "learn the game". Share with others probability, risk, and the house always wins over long run. Provide them tools to control their impulses; do not only criticize them for having them. This is about control rather than about quitting gambling. It's about realizing that life itself is the actual bet. Everybody runs a risk and follows aspirations. Let us ensure we are doing it with our eyes open
At the end of the day gambling is a personal problem. If a gambler is by themselves in an island with a phone connected to the internet they can also gamble all their money away. It's not a social problem like, say, bullying, or something else like that. |
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~snip~
Yep, this situation can also happen, and it's essential to not to fall for the emotions that may arise and stick to a plan, and, maybe, as you said, try it out with s smaller sum to spend.
Yeah, but it depends on the strategy. For example, you can do the classics, like for example at a 50% game, bet 1 unit, then if you win, take the 1 back and the 1 in profit. If you lose, simply double it, and do the same, until you win. The problem with that strategy is that you quickly can run out of money or get into the table maximum bet, which makes you basically lose a lot of money. There's no winning strategy for the gambler. |
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