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181  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: April 27, 2024, 06:59:57 AM
~snip~
You know how sneaky luck is, right? It's like trying to hold water in your hands. Luckily, luck isn't based on a magic formula. You have to rely on luck, and luck is a very unpredictable thing. Probability is exactly what you said; it's just a set of numbers that represent the chances of something happening. Those "winning strategies"? Somewhat of a dream they are

Yes, each player has a story. Their wins and losses don't affect anyone else's journey. Trying to get lucky like someone else? That's pointless. There is a lot of uncertainty in the odds, and the house always has a slight advantage. As an alternative to fighting that, why not go in knowing that? As you play, be smart and aware, and enjoy the ride for what it is

Yeah, that's the thing.

Probability will do its thing, and give winnings to a random small amount of people.

Those people will come up with stories about why their won. Maybe one started to gamble that day, other decided it was his last one, another one found the ticket on the street...

It doesn't matter. People will make up reasons why they won, when in reality it was just pure chance, aka luck.
182  Economy / Gambling discussion / Re: Claw Machines: a category of gambling? on: April 27, 2024, 06:58:05 AM
~snip~
So you mean, It's real that some claw machine has been set up? that's why sometimes there's a low chance of winning because the claw didn't work well even if you already placed it correctly in your target item. If that's the case, They tricked their customer in order to play more and more until they get at least 1 item from that machine, It is considered as a type of mini gambling and just a normal game at the same time because it gives us an exciting and interesting game while spending A lot of money.

I think those machines must go through some kind of "certification" just like the gambling machines have to.

Otherwise they could simply not give you prizes, ever, which would be a scam I think.

One thing is to be difficult to win, other to be impossible.
183  Economy / Gambling discussion / Re: Do you believe in gambling experts predictions? on: April 25, 2024, 03:01:44 AM
~snip~
I understand what you are talking about. It depends what you mean by “believe” in this case. Let's say I believe that this is an expert, I believe that his opinion is based not on guesswork but on specific numbers and results, I understand that he carefully analyzes games and has extensive experience in this matter. But I DO NOT BELIEVE that all the information and all the forecasts he gives will be 100% correct. It is simply impossible to absolutely correctly predict the outcome of a match; one right/wrong move by a player can always change the outcome of the match. When an expert gives his forecast or simply expresses his opinion regarding the result, this is one thing, but when he says that he will be absolutely right and the match will end exactly as he said, then you should not listen to such an expert. A professional will never give you guarantees or promise anything.
You can listen to different experts, but you have to make a decision yourself, just as we bear responsibility for our actions.

Yeah, I agree. You can receive as much information as you want from anyone, but in the end the one getting the outcomes is going to be you.

They won't care if you lose it all. They already made their money because they usually charge a fee for their "expertise".

In general I don't think it is a wise thing to do to simply follow someone else. You need to think for yourself, and in any way, there is no chance that a person knows the outcome of a gambling event, it is just not possible.
184  Other / Off-topic / Re: How can we help beginners not to get addicted on: April 25, 2024, 02:59:19 AM
~snip~

If it is a habit already then you’ll have to battle with yourself to do what is right, and sometimes you may not really do the proper thing. But what matters is that you constantly keep trying to follow the disciplined path. If you set a limit, do whatever it will cost to follow that goal. At first it’ll be difficult but over time, it gets easier and you’ll be used to doing what you say you will do.

Yes, it is the same with any other behavior, it is one day at a time.

If you want to exercise, just go, one day at a time. If you want to quit alcohol, just do it one day at a time.

It's the same with gambling. If it is a problem, then you can try not gambling, one day at a time.

It is important to do something else that is enjoyable for you instead of gambling. That way your mind will be busy in other things.
185  Economy / Gambling discussion / Re: Where is the fun when you lose your money? on: April 25, 2024, 02:57:41 AM
~snip~
Not everyone is greedy or aggressive. True, losing money isn’t enjoyable, but neither greed nor aggression will recover the losses. I believe that much depends on how we view the situation. If we approach gambling responsibly and consciously it remains just a game. What is lost today might be regained tomorrow Wink

I think if you consider that money as spent for entertainment then it is not so bad.

But on the other hand, if you simply gambled all in a single bet and lost it all then it won't feel as good I reckon.

In my view it is best to consider gambling as partly an entertainment thing, because you most probably are going to lose the money in the long term so might as well have some fun while at it.
186  Economy / Gambling discussion / Re: Can Anyone +18 Play Gamble? on: April 25, 2024, 02:56:03 AM
~snip~
Now the person is 18 years or above and he has money so if he wants he can gamble and nobody can restrict him because has he passed the age both in physical stature and finance. But what about the experience will he play the gamble if there is no experience to participate? Because if he does he might lose everything to gamble since he is an inexperienced person. And those inexperienced ones are the people lose funds to the Casinos and still ask the casino to refund the lose funds to them or cry in the casino centers. So do we allowed inexperienced people to gamble?

Yes, in most countries you are a fully responsible adult once you turn 18.

It is not perfect of course, but the line must be drawn at some point, and 18 years old usually are finishing school, so it makes sense to make them responsible of their own actions.

I would argue many people are still kids inside after 18 though.
187  Economy / Gambling discussion / Re: The madness of gambling addicts. on: April 25, 2024, 02:54:41 AM
~snip~
I think we take "making money" too much as a signal of success when this is not always true
one can make money in several different ways and a person who makes a lot of money without morality doesn't deserve a label of sucess
of course the final judge is always time and we have no way to bribe our pillows...
sometimes I wonder if I believe in karma as a wishful thinking thing or as truth... let it be

Money in a way is an indicator of success, at least it is proof that people find what you are doing as valuable so they are willing to pay for it.

There might be other things that are extremely interesting, but maybe they are not valued by society. That's possible.

In the end as usual a balance is probably the best way of dealing with this.
188  Economy / Gambling discussion / Re: No gambling today due to bitcoin high transaction fee. on: April 24, 2024, 12:48:45 PM
If you gamble using Bitcoin currency, the transaction costs are very expensive, even if we make a small profit, sometimes we can't cover the transaction costs, so it's the same as being rich in vain. Moreover, many casino sites offer not only gambling with Bitcoin but also Altcoin currencies. the transaction fees are not that high, this is the effect of the increase in Bitcoin after the halving so it is natural that the fees are getting more expensive but sooner or later transaction fees like this will return to normal if the market has returned to normal, the increase in Bitcoin transaction fees will not affect someone's desire to continue gambling. benefit.

Some of the payments in the campaign usually mostly use Bitcoin. Those who keep gambling definitely set aside some of their money to keep gambling. Maybe if they get a little profit they don't withdraw their money because with current expensive transaction fees, sometimes people think twice about withdrawing and will keep it in their wallet. I hope that bitcoin transaction costs will soon decrease because it is very difficult if we want to gamble but have to think about the transaction costs which are quite expensive.

You are missing out on the places that take lightning as deposit.

And there are quite a few of them these days.

The thing is that you don't really have to move bitcoin around on-chain when you can simply move sats off-chain using many of the available services.
189  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: April 24, 2024, 12:47:04 PM
Reckless gambler risk more, and it does not matter if he is rich, poor. Gambling is very flexible. Everyone is able to place a bet with ridiculous odd. Ok, the rich gambler can make more bets, but I think that he and poor gambler will stick to more or less same odd range. People arent stupid. Both rich and poor not going to risk more or less for nothing.

That's the thing, I believe that people that are rich, somehow know how to generate money, and gambling is not one of them.

If anything, the people running the gambling business are the ones generating money, that's for sure.

Otherwise you would be seeing casinos being closed down left and right, but you see the opposite, which means gamblers are losing money left and right.
190  Economy / Gambling discussion / Re: Does gambling excites you ? on: April 24, 2024, 12:44:56 PM
~snip~
Well, as small amounts bettor I can't accept that advice. You see, if I played a slot game betting $0.10 at once and won 150x of my bet, that would be a great win regarding the multiplier, but it would be just $15 in US Dollars, and withdrawing that amount and losing like $5 on a withdrawal fee would be insane, Do you know what I mean? Yes, I know that I can "bet more and longer"(which in my case would be  just betting in other days) and lose it, but I accept that.

It doesn't matter if your bets are small or large really.... the odds are the same for everyone.

Let's say you play a heads or tails game, 50/50, and the house pays 80c per dollar bet on that, it means that on average you will be losing money.

The thing is that the casinos created amazing things that look incredible but are in reality just like what I just explained. They are not a great opportunity for the gambler.
191  Economy / Gambling discussion / Re: Have you ever done something crazy to bet? on: April 24, 2024, 12:42:19 PM
~snip~
All team strategies are not the same so it is better to check the teams before betting so that the number of losses is much less. I have never taken betting very seriously and I have little experience here in the gambling area and bet without understanding would be risky. That's why sometimes caught for fun but never crazy about it.

That's right, different team strategies can lead to different outcomes for the individual, that's for sure.

But the main thing still remains the same, that it is a gambling, random event, so people will inevitably lose money in the long term in the expected outcome.

Sure, some few one in a million will make bank, but the vast majority will pay for it.
192  Economy / Gambling discussion / Re: Double your money and quite on: April 24, 2024, 12:40:10 PM
~snip~
Gambling is always a game of luck and it is foolish to think of making money from it. The more you play the more you lose while some gamblers may be ahead temporarily, the odds will prevail in the long run. Given this simple policy gamblers continue to bet and put themselves at a loss. Therefore learn to control yourself it is not possible for gamblers to win continuously. In such cases or in bankruptcy after accepting constant losses people get depressed.

Exactly.

Basically the expected return of gambling is negative.

That means that, the most probable outcome for your gambling is going to be losing money. Sure, there might be a small chance to win, but it's so small that it is not really reasonable to think about it.

Yet, many people choose to go for it...
193  Economy / Gambling discussion / Re: No gambling today due to bitcoin high transaction fee. on: April 23, 2024, 12:15:34 PM
This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is  over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?

I think there must be some casino sites that accept lightning payments.

There are exchanges and services that accept it so casinos should probably be doing the same I think.

Otherwise they would be not making money from people that are conscious of the fees.
194  Economy / Gambling discussion / Re: Double your money and quite on: April 23, 2024, 10:56:07 AM
The thing is that the human mind has evolved to continue behavior that has given good results in the past.

So, if someone wins money, they will try to do it again.

Unfortunately, the most probable outcome will be that they lose their money in the future.
195  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: April 23, 2024, 10:53:24 AM
As first being rich or poor doesn't mean one should gamble responsibly, though is true that for to one to win big in gambling one will need to take some certain risks. But we should mind how we take those risk, like avoid going all in at once. Some one who's wealthy and financially stable, will definitely have alot of money to spare in gambling like some good amount of money he could risk without having any fear of losing that money .

While for someone that's not financially stable (like poor), having a spare money to gamble can be pretty hard because at first his first aim would be on how to fed himself and take care of some certain expenses. so if such individual go around taking all kind of risk with his hard earn funds in order to make some big wins , there's a chances that he may endup getting himself poorer (rekt)

So as a poor or rich , any categories at all , we should mind the way we take risk. Because there's some risk a rich man will  take that would land him in a state of being broke or poor. So we should always have good principles towards our gambling so that it won't endup affecting of normal lives activities.


Yeah, well, in theory rich or poor can end up poorer anyway.

They can both go "all in" and lose it all.

There is no difference in that, but i think rich people do not need to risk money because they are already rich

Poor people see it as a window to being rich.
196  Economy / Gambling discussion / Re: Gambling Wins: Your Money Was Returned to You. on: April 23, 2024, 10:50:42 AM
~snip~]
Reality strikes that gambling is more on losses than wins. Although I have heard lots of stories who have been extra lucky and win big amounts, but after that, once they fall into the casino traps, those amount of winnings are slowly going back to the casino again. I guess this is how gambling casinos are designed, they will offer you beginner’s luck and let you win some amount until you end up gambling again and lose all what you have  won, except for those wise enough who have smartly cashout their winnings and invest into potential investments.

In general, gambling is here to entertain us while putting our funds at risk. And if we are not cautious enough, we will end up poorer and poorer while seeing these casinos getting richer every time.

The thing is that you will always hear stories about the people winning in the casino.

But, you will probably never hear about the people losing all their money, either the gambler just forgets about it, or they do not talk about it.
197  Economy / Gambling discussion / Re: Can Anyone +18 Play Gamble? on: April 23, 2024, 10:46:58 AM
Everyone have a different view when it comes to gambling. +18 is the compulsory and acceptable age to gamble because it comes with a whole of stress and risks. Teens should always apply extra careful cautions because that's one of the important phase to understand. Although not all countries accepts and legalized gambling but most developed countries acknowledge the fact that Gambling becomes part-time tasks to get enrolled with for the purpose to generate profits for oneself.

Acceptable, that's true. But as a parent, I won't let my kid do that at that age especially if at that age he doesn't have a job yet to use for gambling.
IMO, one person who gambles must know the importance of money and if he gambles it, he must also realize the losses and how it will hurt his budget once he takes the risk.
For me, 21 years old will always be the right age because that gives time for a person to look for a job, save some money, and realize how difficult it is to earn it. The thing about gambling is, that losses are inevitable so an individual must be prepared for it and he must have an idea about how a budget works so that it won't affect him mentally even if he loses.
Although, it's always better to stay away from it as much as possible.

I think someone gambling already knows the importance of money, because they want to get more of it by gambling.

Of course, the problem appears when they don't win as much as they expected.
198  Economy / Gambling discussion / Re: Have you ever done something crazy to bet? on: April 23, 2024, 10:44:35 AM
If using their savings and money that belongs to them to gamble is already an irresponsible move, using the money that belongs to their family is an even more irresponsible action that shows that such a person has lost complete control over themselves and their gambling, and nothing more but an intervention by their family and therapy by professional has any chance to help those people, as it is clear that if they continue on that path, they will find it incredibly difficult to overcome their addiction on their own.
Someone who use his savings for playing gambling must be careful and have a very good self control. Otherwise, he will not have a chance to hold himself from stops playing gambling instead will continue his gambling activity until he wins the games. He will not responsible with his gambling activity because his desire will asks him to keeps playing gambling and spends more money. Yes, he will lose control over himself without he realizes because his minds also telling him that he can wins in the next few rounds. But that will not happens easily as gambling is just an activity to have fun and not for make money so he will not wins easily as he thinks. If he can't realizes about that, he will not stay too long in gambling instead will lose his money including his savings without have a chance to recovers his lose.

I think this is great advice.

At the end of the day it is different to everyone.

Some people might be happy just to gamble a bit from time to time, but others will never stop until they are broke.

It requires self control to actually not become broke.
199  Economy / Gambling discussion / Re: When you are not to gamble. on: April 22, 2024, 07:41:39 AM
~snip~
          -    What you said is right, mate. Addicted gamblers are those players who can no longer control themselves in gambling and betting large amounts of money, or they find it difficult to control themselves even though they know that they will be sent home victorious, but they are still not stopped.

Because of the hope of getting a bigger amount of what was won, what happens in the end is that the winning price is lost until the very capital of our gambling is consumed. This often happens because of greed.

I think that at the end of the day, gambling should be done only with an amount that a person is OK losing completely.

It might be seen as a payment to have hope, like a subscription service let's say.

But if that person cannot afford it, then I don't think it's reasonable to pay for it.

Some people gamble with credit, that is really dangerous because you can end up in a mountain of debt.
200  Other / Off-topic / Re: How can we help beginners not to get addicted on: April 22, 2024, 07:39:02 AM
~snip~
Sometimes I think that addiction is to be with the financial status of a gambler. If a gambler is rich and he does not care much about the money, he will usually play excessive gambling and sooner or later will become addicted to it. On the other hand, a person like me, will think twice about the risk involved in gambling and will try to gamble with limited money, so that the loss incurred is also low. That may be another reason why the poor gamblers remain poor because they do not take the risk (which is good to some extent) while rich gamblers may become richer if they win big or they become addicted to it (and also lose a lot of money).

I think that there are very few addicted gamblers that are rich.

Mainly for two reasons:

First is that most rich people understand that gambling has a negative estimated value, so they probably won't be gambling.

Second is that if a rich person starts gambling their money, they will quickly stop being rich as they will most probably lose all their money very quickly.

So, in the end, not many rich people are gambling in any given moment of time.
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