The problem with the Martingale strategy is that you really have to prepare a huge capital if you were to implement this technique.

The Martingale strategy requires a person to double their next bet on the value of their initial bet. For example, if a person bets $2 and lost, the next bet should be $4... and so on. Sure, there is that possibility of doubling your money or even recovering all your previous losses from a single bet but this quickly compounds into a huge amount especially if you are on a losing streak.

Take advantage of every winnings that you have when you use this kind of strategy. As soon as you recovered your losses and started winning, plan ahead on the value that you would exit for maximum profitability.

I think it also depends on the individual but I will discuss on how each platform can have their respective focuses:

ON PHYISCAL CASINOS:
Like what you said OP, physical casinos give lots of complimentaries in order to compel the individual to stay for as long as they can on the gambling establishment. This includes drinks, free staying on the hotel, free food, etc. and any kind of amenity in order to really capture the person on staying on the establishment.

ON ONLINE CASINOS:
While there may be no free amenities being offered or complimentaries, online casinos have bonuses and rewards (e.g. free spins,etc.) in order to entice the gambler on the online casino. In addition, these online casinos offer the best convenience- which is to gamble at your own home or place, etc. Also, the convenience of paying through online MOPs are efficient.

I do not think think that grown men do not understand the nature of what they are doing.

I would understand if teens engage in an activity involving money and they do not realize that they are actually gambling. When I was a kid, I used to buy lotto skins from a certain online fps game not knowing that I was already engaging into a gambling-related nature of transaction.

Grown men, on the other hand, know already the basic understanding of their actions. They are also aware that what they are engaging into is gambling overall. If they are justifying that they do not understand what they are doing, then they are either that ignorant or just plain in-denial.


Of course- gambling prevention programs should be implemented into programs that schools may offer.

For example, schools and universities may implement into their schedule a dedicated 1-2 days of gambling awareness and its dangers. If the young could understand and grasp the potential dangers of gambling addiction, then this can at least reduce the amount of teens being addicted to such act.

I have not experienced any negative feedback and result from the gambling platforms that I have tried on (e.g. Rollbit, BlacJack4fun, etc.) since they are reputable gambling platforms and they would not risk ruining their reputation for any simple reason.

Based on the feedback that I have garnered in the past, it seems that 1xbit could take the cake for the worst online casino that is ever advertised in this forum. Lots of people have been complaining about their withdrawals being halted and their rewards not being given. Additionally, the casino also has this shady trick of changing the odds to gain an unfair advantage over its players.

The icing on the top here is that 1xbit ran a signature campaign where it accepted all negatively-tagged users to advertise. Funny thing is, most of them were not even rewarded with their weekly pay. It is just an overall scam online gambling platform that people should definitely avoid.

*Just google "1xbit scam" and you will see countless of posts in this forum complaining about it.

Actually ngayon sa Bitpay, yung transaction fee nag rrange siya around $1-$1.50 kaya medyo nag mura na siya compared nun time of the halving na around $50 yung fee.

Actually totoo- blessing in disguise na mataas ang transaction fees kasi medyo forced ka to HODL your coins instead of sending it to a certain exchange for liquidity to peso. Medyo ganun kasi yung nagagawa ko weekly na every BTC na pumapasok sa Bitpay wallet ko, sinesend ko siya agad sa coins.ph account ko for liquidation. Pero since mataas ang fee during that time (and ngayon medyo din), medyo forced ka talaga to hold your coins and dahil dito indirectly kang nakakapag invest for long-term.

Kayo guys, kamusta naman yung pag HODL niyo? Bumaba yung price ng BTC to around p3.3m and ngayon tumaas na siya to p3.7m. Nakapag take advantage ba kayo during nun dip ng price and nag purchase din ba kayo ng BTCs during that time?

Well I guess winnings are subjective, am I right? lol- anyway, back in 2015 when Dota 2 was still a relatively new game, they introduce these so-called "keys" where you can open crates that you can get from playing games. The only way to receive these keys is through purchasing it directly with the Valve shop for $2.49 each OR you can also trade your in-game skins to other players for a certain number of keys.

Basically, the economy of Dota 2 revolved around these keys where it was the main currency in determining the value of each skin. When Dota2lounge was new and lots of people were casting their votes on which team would win, I was able to turn my $1 worth of skins to around $350 in a matter of 2-3 weeks. I had the time of my life given that $350 was really a huge money during that time especially that I live in a third-world country.

Fast forward, I traded my $350 worth of skins to around ~160 keys and I downloaded this bot on Steam where you can play blackjack against the bot and you would win keys in return. I wagered 10 keys at first and won like 100 keys in a day. So in total, I had 260 keys (~$650); but I lost them in a single day when I experienced this consecutive losses and I thought I could recover them by betting again.

I am a firm believer that you lose money when you rent a house especially if you consider it long-term.

The problem with renting is if you plan to stay in that house long-term, then it will definitely hurt your financials the more you stay there. If you plan to stay at a place for more than 8+ years, then it is better to really purchase the home instead of renting it.

In the Philippines, the average rent of condominium units is around $270-$350 per month on a studio unit. If you purchase a unit, it will probably cost you around $60,000 - $70,000 depending on the condo and its location. That is the reason on why your plan is essential in making a decision whether you want to rent or not.

You plan to stay temporarily in such area? Better rent;
You plan to stay at least permanently on that location or at least for a long time? Better purchase the lot/unit.

It really depends on your preference if you want to do it or not.

Personally, I would like to convert my altcoins to BTC given the potential of the latter to skyrocket on its price. From there, I will HODL until I am comfortable enough with its price on the market when I determine that it is ripe for withdrawal.

You may consider keeping them also in such altcoin in order to avoid paying extra fees, etc. but be reminded that the movement of some certain altcoins on its price are relatively lower in volatility compared to BTC.

IN CONCLUSION:
Depends on your preference but I highly recommend that you convert it to BTC for both short or long-term investment/HODL.

Nah everything is all about luck. Sometimes, there are just people who are born lucky and they are also have this itch for gambling.

I consider myself as someone who is very unlucky with bets. I betted hundreds of times in the past and all of my bets amounted to a loss of at least 80% of my total bets. On my last gambling activity, I lost a total of $400 and there was no reward even when I try to bet in small amounts.

While this may be the case, I may be unlucky with gambling but I am also blessed with things outside the gambling world. This is not to say that those who are lucky in gambling are unlucky in some parts of their lives, but I just see it on a different perspective that the compensation of my losses was through some blessing outside that world.


I think this also boils down to the frequency of gambling.

Naturally if a person bets more, they will incur more expenses in the process regardless if they win or not. On the other hand, there are people who just bet once in a blue moon and they quickly take advantage of their winnings as they completely stop to gamble.

If I recall correctly, there are physical casinos that have their own initiative when it comes to charity or any kind of corporate social responsibility depending on what is needed in a certain country.  From my general knowledge, there have been instances where gambling companies would donate to certain charitable groups and foundations for a certain cause.

In the Philippines, we have this government entity called Philippine Charity Sweepstakes Office in which they are responsible for our nation-wide lotto games. A certain percentage of all the lottery winnings will be dedicated towards charity and other health programs for the benefit of our citizens.

While PCSO is a government-owned project and initiative, I also do think that there are land-based casinos that have their respective programs and projects catering to the poor. Not only does this help these people but it also somehow cleans their name as a gambling institution.

Ohhh! Never ever give away your OTP to anyone since yan na ang last layer of security mo against illegal transactions.

Let's face it- every time we pay using our card whether online transaction or even kahit sa mga restaurants, there is always that tendency na makuha nila yung personal details, number, and yung number sa likod ng ating respective cards. That is the reason on why OTP was created; to at least provide one last step of security just to confirm yung transaction.

Good thing OP na naisip mo agad regarding sa scheme nila. Even if there is an institution claiming to know your details and saying na may rewards/bonuses sila, they will never ever ask for your OTP.

Let this be a reminder to anyone na ang mga scammers ngayon ay nag eevolve na. They can definitely create schemes like this one to induce us into believing na isa silang legitimate na institution but in reality mga scammer talaga.

Holy crap- I mean, I understand that most newbies associate long posts with quality. But in that case, I really doubt that someone would have the patience to even read that huge blocks of texts. In all honesty, I would never in a million years read that kind of long post especially that if he is beating around the bush.

Newbies, always remember that the key to making quality post is not the quantity of texts that you enter. If you can explain your point in a very concise manner that everyone would understand, then that would be considered as "quality" to majority of the members here.


I agree that the amount of text that you write in a discussion varies per topic.

There are reputable members here who can write huge blocks of text but remains quality when you read it altogether. If you engage in a fruitful discussion with someone on an interesting topic or debate, then expect a battle of words. But if a topic is as simply as asking for an opinion on something, then at least make your point in 2-3 sentences.

Just to add on what OP mentioned, there are even cases where people would also loan money in order to satisfy their gambling urges. They have this false sense of hope where they think they can hit the jackpot or at least double to triple their initial deposit. But in reality, they only put themselves in a more difficult situation as their debts compound increasingly with each bet that loses in the process.


I definitely agree with your statement.

Not only is it considered theft, but these are signs that a person definitely succumbed to gambling addiction. I also read stories where people would use their own savings and even their tuition fee for gambling. After losing, they become problematic on how they can recover these loses as they are definitely in a very conflicted situation.

If you want to become a millionaire in gambling, you have to be VERY lucky to begin with. Sure, the amount that you bet is in proportion to the potential amount that you may win but you must be LUCKY again.

Remember, that in the hope of you winning huge amounts of money in gambling is connected with the amount that you bet collectively- meaning the more you bet, the bigger the money that you are risking in the long run.

At the end of the day, it is not about the amount that you bet but it is the frequency on how regularly you bet. Sure, you may potentially win huge amounts of money but the risk of you losing at the end is so much greater.

Holy crap- this is just truly heartbreaking to see. Imagine building your own empire on your businesses for only to lose it due to gambling.

This is just a perfect example on how gambling addiction can destroy a person's career- but what happened here is that his whole empire collapsed which resulted to his whole fortune being lost. I just hope that this kind of example serve as a reminder to anyone who is struggling to control their gambling addiction.

Remember, gambling is all about money and that feeling of adrenaline. If you chase for wins in a gambling platform, chances are that you would most likely lose due to the presence of house edge.

Everyone, please be careful with your expenditures in gambling. Make sure that you only exhaust your allocated budget, or if not, create a budget designated for your gambling activities and if you go beyond that budget, make sure to stop and call it a day.

I have previously stated that I called this the "cycle of gambling" where a player will most likely gambling again regardless of the result of his games.

For example, if a person gambles, if he either wins or losses, he would most likely try and gambling again his luck. If a person won in his games, he would at least attempt again to try his luck and just to see if he would win. If he losses, there is this feeling where they have this need to recover their losses by gambling again.

This urge and temptation are what draw people to stick into a gambling cycle until they are satisfied with their winnings (positive outcome) or if they have already exhausted their resources (negative outcome) for the day.


Well, I trust the casinos on how they handle their algorithms especially if they are a respectable and reputable gambling platform. I am pretty confident that they have all the algorithms within the boundaries set by the respective laws in order to prevent any kind of unfair advantage over its players.

There's this slot game that is famous in the Philippines where people would just roll slots on different platforms. Each platform has their own unique design but in essence, it is still a slot game. The beauty behind this game is that you can bet for as low as p1.00 ($0.017) and you have the potential to win and at least $20-$50 depending on your luck.

The problem with that game is the betting amount. Many people seem to think that p1.00 is relatively cheap, well it actually is. But this compounds overtime to the point that your $2 worth of bet would be over in about 2 minutes of just playing that slot game.

Well going back to the question, I personally enjoy this slot game given that it is easily accessible throughout the country. Each payment platform offers their own slot games and you can also claim some free spins/bonuses if you reach the minimum threshold of their deposits.

I think we can all agree that experience is the best teacher especially in this type of situation.

Gambling is all about chances and odds. The result can either go two (2) directions: either you win or you lose miserably. Sure, there is always that possibility of winning huge amounts of money but remember that there is also that equal chance of you losing the same.

Whenever a person wins in a gambling game, there is this high and adrenaline that they feel. They think that they can experience this feeling and win this amount of money by betting again without discounting the fact that the house always wins due to the presence of house edge.

Personally, I learned more when I realized that I made a huge mistake of betting continuously. I lost lots of money in the process and that regret still lingers from time-to-time. The good thing, however, is that my experience is what made me the person today, which definitely made me more responsible in the process.

Mental health, if not, is one of the most important aspect in order to make rational decisions. If a person is suffering from any kind of mental health, this can impair their judgement thereby making the wrong decisions in crucial situations. This does not only involve decisions when it comes to investment but also in their ordinary daily lives that can affect themselves and the people surrounding them.

Now if a person's mental health is impaired due to circumstances beyond his/her reach, then expect them to be in difficult when it comes to decision-making skills. They may also be dissuaded instead of being motivated, which is one of those important elements when it comes to an investment.


I agree with your point.

Investment is already difficult to swallow if you see your stocks or any kind of investment plummet on its price. This can actually snowball into something that is far worse- which is taking their own lives. That is why if you are aware that you are suffering from any kind of mental illness, then prioritize it above anything else before it starts crippling to your daily life.

There are two (2) factors that must be discussed here- the knowledge on the sport vs the knowledge on the general betting strategies and applications.

If a person is knowledgeable about a certain sport, then chances are is that they have crucial information that can give them the advantage over the bets. Also, they have a higher chance of predicting which team would win on a given set since they have knowledge and expertise on that given field.

If a person is knowledgeable about the general betting strategies, then they also lower the risks of losing all of their resources and they can also maximize each and every opportunity.

Personally, I would prefer the first category (knowledge on the sport) than knowledge on the general betting strategies since the latter can mostly be studied or explained easily on the internet. On the first category, this kind of information is gained through years of expertise and personal witness of the games on that given sport.