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21  Economy / Gambling discussion / Re: Casino/gambling center near an institution of learning? on: July 29, 2024, 09:58:46 AM
~snip~
I have even seen beer drinking bars night clubs that are close to learning center. And as you said, each student knows why they are in school. When I was in school, I didn't attend any of those things plus gambling. And even if I count the time I visited gambling centers it would be very few occasions.

And even though the gambling centers are not close to the learning environment those serious gamblers would still go there and play games. And when it is far they would prefer it because nobody would see them because it is far. But there is disadvantages and advantages of being far and close to the school. You attend class on time if it is close or you attend class late if it is far.

I will go even further,  some universities actually have bars inside the universities, with activities, and cheap prices for students.

It's not always a bad thing if you drink alcohol in moderation, and can actually help socially.

Maybe it's the same with gambling, although most gamblers I've seen are usually by themselves spending a lot of money. It's only a few that go in groups to socialize, maybe because it's too expensive to keep doing it.
22  Economy / Gambling discussion / Re: Can somebody make a successful career in gambling on: July 29, 2024, 09:56:39 AM
~snip~
Though I struggled to understand what you wrote because of the typographical errors in your write up, I think I was still able to get your message which corresponds with my belief about succeeding in gambling. Gambling no matter how modern day influencers tries to package it isn't a career for anyone to thrive on but a gaming system that involves the stake of money or valuables to either win back the already staked money alongside the extra gains or lose the whole money. That's my own definition of gambling and that's why I would never advise anyone to engage in it as a source of income but should see gambling as an engagement for fun. Like you rightly said, unless you're the owner or an agent of a gambling company, you should never think you can become successful with gambling.

Yeah, that's true.

In the end the only people that will end up with more money than when they started are the ones who are not gambling.

Basically the people that run the casinos, the people that run the ads, the influencers, etc, etc. Basically anything around the gambling itself.
23  Economy / Gambling discussion / Re: Have you achieved anything from gambling on: July 25, 2024, 01:17:21 PM
~snip~
If we start from the idea that gambling is for relaxing and having a different time, then it is the best way to see the casino, because if it is from that point of view it is healthy, now if they see it as a way to make money and they get it into their heads that they can be profitable there with this activity, that is when everything bad begins, because first they make mistakes and get carried away building castles in the air, that is why the concept of a casino Should be clear to them, it is a company, a business that guarantees its profits, we simply seek to win in the midst of all those things that they have already established such as the aforementioned and the house advantage.

Yeah, I agree.

If you simply consider the money you gamble as a ticket to a show where you get entertainment, relax, etc, then it's fine.

But if you think that you are going to make money out of it, then that's when it can get dangerous actually.

People have lost their entire life savings in a single night at the casino.
24  Economy / Gambling discussion / Re: The real winning of gambling is withdrawals on: July 25, 2024, 01:15:21 PM
~snip~
Online gambling is huge, folks. Easy, convenient, and on your phone. I love fun as much as the next person, but we must be sensible. Too easy to get caught up in the game when money is just numbers on a screen. Pulling out your gains and holding cash is good. Makes it real. But lets continue. Why not educate gamblers money management? It goes beyond winning and losing. Respect your money.

Think about it. You win a few cash and get a message stating, "Hey, remember that vacation you wanted to take?" Maybe you lose and are reminded to be careful. Change the game so gambling is fun but doesnt consume you.

I mean, it's pretty simple.

If you run the numbers, the probabilities say that most likely than not you are going to lose all your betting money eventually.

Of course the casinos show you a different idea, but in the end, that's the math behind it.

Of course there is a tiny, almost impossible probability to win, but most people overstate that by far.
25  Economy / Gambling discussion / Re: Can somebody make a successful career in gambling on: July 25, 2024, 01:12:36 PM
~snip~
In business you might lose your money but it's not something that happens often because many times we do get profits. But in gamble it's very hard to make a good career from it because it's what can make you to lose everyday if you are not lucky. Gamble is not like an investment or business that can profit a gambler but one might be lucky to have success from gamble when he gets lucky.

Plenty of people make their entire career based on the "perceived view" that they are gamblers.

So, basically they get paid by ads, or gambling casino marketing, or Youtube ads, etc...

But if you think you can actually make a living based on bets on a casino, then you are simply misinformed. The most probable outcome for a gambler is to lose all their money eventually. That's just math.
26  Economy / Gambling discussion / Re: A Max Win is the worst thing that could happen to you. on: July 25, 2024, 01:10:26 PM
Well, if you simply think about the win/loss situation, a max win is of course the best thing that could happen to you.

The thing that this topic is about is regarding mental stuff.

So, we need to put rationality aside, and mostly discuss mental health regarding this.

And even then, I think a max win is still the best scenario because for someone that is prepared mentally, you would know that it is the time to stop.
27  Economy / Gambling discussion / Re: How do feel for an own-goal letting to your bet loss? on: July 25, 2024, 01:08:17 PM
~snip~
Simply think that everything has risks and in football, too, scoring an own goal is just an accident that no one wants to happen. To say who will regret the most, I think the player who scored the own goal will be the one who regrets the most because just because of that incident, his team had to concede an unnecessary goal. Therefore, criticizing him not only does not make the situation better, but also pushes him into a corner.

Everything has risks and betting is no exception, accepting fate and letting go of failure is what we should do instead of getting angry, and cursing...

Yeah, I agree...

Actually, losing a game because of an own goal has to be extremely low in probabilities.

I can't remember more than a few games than ended up like that, and I've seen many, many games.

Of course it sucks, but it's such a rare event that it doesn't really matter in my mind.
28  Economy / Gambling discussion / Re: how often do you rely on prediction sites on: July 24, 2024, 12:07:00 PM
I wouldn't want to mention any name of the free site that gives predicts scores for instance, you would have to subscribe to regularly get matches from these site and after which you would use them according to how it's predicted in those site to stake your game. Could this be real and is there anyone who already benefited from those site?

Okay I break it down; I visited the hospital days ago for a check-up, and based on our economic system you had to give some tokens to the doctor or nurse to quickly have you checked. I do this sometimes twice in a month to observed my overall body system. You know I can't gamble with my health neither can I stake any with my health. On the process while waiting a very Rich looking man walk in, although I can't tell if he's actually wealthy or not but I was only interesting in his discussion over a phone call... saying..'Did you subscribed to link I gave you? Don't you know when you subscribe with the amount they text you game almost every day, there winning is sure and you won't lose any of their games'.

I had to recall first that, in gambling no one can give accurate score of any game even though if that person must give it could only be a 50/50 game except for game with less odds or thereabouts, but what I finally noticed is that he is trying to call people's attention maybe to see if someone would run to him asking about the site but unluckily within the period I was there no one asked him neither did I asked him but was mean to raise this topic over here to know if those site do give winning games regularly or not.

Feel free to contribute with experience in such site.

Personally, I think that every single website that tells you about odds about something (when you are supposed to pay for that), they are not that great.

But of course it depends, in some cases it is OK, in some other cases it is not OK, etc.

I don't know, I guess in some cases it is OK to pay for knowledge, but in general I feel like these days knowledge is mostly free, and there are other things that are paid.
29  Economy / Gambling discussion / Re: How do feel for an own-goal letting to your bet loss? on: July 24, 2024, 12:04:16 PM
I mean, an own goal is bad overall ,the whole team feels bad, and the person itself feels horrible.

Shit, I even remember now about this time this happened with the Colombian Team and they actually killed the defender...

It was horrible, but that's what I meant, there are other people out there that actually might feel this even worse than you..

At the end of the day, it's just a game.
30  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: July 24, 2024, 12:00:04 PM
Gambling is really risky, and if there's a poor person who bets everything to try their luck, I think that person is foolish, especially if they’re hoping for instant wealth just through luck. We all know that gambling is just a game of numbers and odds, and often, those odds aren't in our favor. Society should be wiser and realize there are plenty of other ways to improve our lives without getting caught up in the illusions sold by casinos and slot machines.

Instead of risking money that could be used for daily needs or for the kids’ education, it's better to invest in knowledge or skills that can open up more opportunities. Relying on gambling is just a scam that can lead to more suffering.

So, let’s remind ourselves and those around us that the road to success can't be bought with a gambling ticket, but must be traveled with hard work, perseverance, and smart decisions.

Yeah, but the thing is that if you have a roof above your head, and you are well fed, etc, then you are OK.

Many people actually are not like that and they want to be "saved" by this gambling magic thing, it is basically hope, you know?

So, in a way, it is weird but it is the only thing some people have in their life. Just a random gamble to see if they could win something, because they don't have a path forward in their normal lives.
31  Economy / Gambling discussion / Re: Is gambling bad to the society? on: July 24, 2024, 11:57:08 AM
Gambling is not bad but the individuals make it so. And mostly the irresponsible and addicted gamblers make it bad. Those who are gently playing gamble with a responsible way are doing well in the society and also gambling has helped many ordinary people in the society. Many have used gambling to build houses and start business. So it is not really bad in the society but it is the gamblers spoiled the name "gambling".

Why people think that gambling is bad because those cult boys would do bad things in the society and finally they are in most times caught in the casino center by police so they called it as bad in the society. But it is not.

I mean, realistically speaking, gambling is a bad thing for society overall...

It creates a lot of suicides, people losing their entire life savings, etc.

Sure, a few, maybe a couple of people overall, might get lucky and earn way more than what they bet, but the vast majority of people lose.

That's just the reality, because it is based on math.

So, in a pure math way, I wouldn't say it is bad, but it definitely takes away money from a lot of people and puts that money in the pockets of the few.

Not sure if that's good or bad though.
32  Economy / Gambling discussion / Re: A Max Win is the worst thing that could happen to you. on: July 24, 2024, 11:52:41 AM
~snip~
This morning I have been told that an old friend had problems in the past with gambling and, thinking about it, I realised that the cause was exactly the one you mentioned.

I have always had a terrible luck in gambling, so I will never play for the money. But those who won and tasted the sweet flavor of the victory have to find it more difficult to think like that. Massive or not. Who knows, if it is really massive he/she'll never have to gamble again.

Yeah, that's the thing.

If you play once, and get the jackpot, which statistically speaking, should happen from time to time to a person, then you would think that gambling is a sure way to make money.

In reality though, it is very, very, difficult to win.

So, yeah, someone will win, but that someone is not you, most probably.

And that's the message no one wants to hear.
33  Economy / Gambling discussion / Re: Gambling with stablecoins, Fiat, or crypto? on: July 23, 2024, 08:33:22 AM
~snip~
It's true you will not be taxed for converting USDT to BTC or vice versa, but if you sold your BTC or any other altcoins higher than what you win from gambling, you will need to pay capital gains tax.

Let's say you convert $5,000 to BTC, you will get 0.074 BTC.

In sports you're betting in USD, not in BTC, so you will see $5,000 in your account, you stake all of your money on football match where the odds is @2.00.

Turns out you win, which mean your money now $10K or 0.148 BTC.

You choose to withdraw your coins to exchange or wallet, then you wait until bull season.

Bitcoin price up, your 0.148 BTC now worth $20K.

If you sell all of your coins, you need to pay both taxes, $5K is the profit from gambling and $10K is the profit from capital gains.

Yeah, but in the end you only end up paying taxes on the extra money you get.

If the value of BTC increases and you sell, you made a profit, you got extra money.

If you got paid in BTC, you got a profit, and so on.

In the end you only pay tax on the increased amount of money that you end up with.

You don't pay tax twice, or anything like that, only when there is more value in the end than when you started.

Even if you don't sell all your coins, if you bought two at $1 each and sold one at $2, you pay taxes on that extra $1.
34  Economy / Gambling discussion / Re: Have you achieved anything from gambling on: July 23, 2024, 08:30:52 AM
~snip~
One thing about gambling is that aslong there are people losing there are also people winning , most time the reason why some people have`nt achieved anything from gambling, is due to their greed of not knowing when to stop . for instance you will see some gamblers after winning a huge jackpot they will be like let me just round the number up (use the money to win more), while doing so he or she endup losing some portion of the money he won from hitting the jackpot at that moment his aim will change to how he can get back that he has lost but doing so he or she made the more tense by losing all the money he won.

that is why we must always put our emotions in check before going into gambling and stuff so that won`t endup gambling with emotions.

The thing is even worse than that.

As long as there are people gambling, the casino will be winning.

For example, let's say Poker Texas Holdem, the players are all gamblers, and even if they win and lose some times, and end up in some kind of "tie", the casino will end up winning anyway, because there's a fee on each game.

So, the casino always ends up winning.
35  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: July 23, 2024, 08:28:57 AM
It’s funny that in the top 10 it’s not the German team that looked better than England and France at Euro24.
Not really. Germany hasn't achieved any great success in the past few years.
In both 2018 and 2022 world cups, there were eliminated in the group stage. In EURO 2020, they were elimianated in round of 16 and in 2024, there were eliminated in quarter-finals.


as of July 18 Germany was ranked 13th and they moved up one place.
Germany moved up three places from 16th place to 13th place.

Germany is one of the best teams in the world, probably top 5 in my mind.

They are incredibly good, and very consistent. Of course sometimes they will lose, but that's just how the game works.

Same with Brazil, it's not not a coincidence that these teams have won the world cup multiple times.
36  Economy / Gambling discussion / Re: Is gambling bad to the society? on: July 23, 2024, 08:27:00 AM
~snip~
They are only getting rich from the money they make from selling predictions, and those who bought the predictions are not sure if the result is going to be good or bad, which means they are going to lose on both sides. The money spent to buy the predicted score and also the money that was staked will all be gone. It makes no sense to spend money buying predictions that you are not even sure about the result. Some people got lucky that their bought prediction gave them winning a few times, and as a result, they gave their whole hearts to it.

Yes, exactly. And that's how they grow their business.

Imagine they have a list of 1000 people, they simply divide the list in two, for the first 500 people they say "hey, buy this stock!", and for the second 500 people they say "This stock is going down, sell now!".

Same stock, completely different advice, but at the end of the day one will probably nail it, and you have 500 people listening, and they will be happy. They will simply ignore the other 500.
37  Economy / Gambling discussion / Re: A Max Win is the worst thing that could happen to you. on: July 23, 2024, 08:24:17 AM
I think I understand where you are coming from. Mostly, we can see how other exchanges operate as well. Maybe it comes from the part where you can deposit money but you cannot withdraw the funds unless you submit KYC. I think it's their responsibility now, as a business, to have clean money come into their system and operate and do it accordingly.

They shouldn't really be afraid of max wins as long as the money came correctly to their business, if not, it's not the casino's fault. Maybe they just keep it as a bank roll but the user that deposited it should be responsible as well if they were to withdraw their money.

Those places where it is easy to put money in but really hard to get it out sound like a honeypot.

There might be a lot of those in the crypto space in general, even having those constraints in the contract itself.

I guess it makes sense to test it first with a small amount and see how it goes.

In any case, it's probably better to stay with the most well known players.
38  Economy / Gambling discussion / Re: Casino/gambling center near an institution of learning? on: July 23, 2024, 08:21:27 AM
~snip~
Yeah people have different but I guess sometime peer pressure could contribute something that those good people will be influence to follow what other people do. We see that exist since there are people who want to ride up somethings they don't want to be left out by trend so even if they don't hang out much on those people doing this activity but if he see that people do this are enjoying then for sure that they might get curious to try what those people experienced. Then after that there's a chance that they might get hook and like to continue what they are doing.

Also its illegal to put a gambling center or betting shops near on learning institutions since it will not bring anything good to young adults and for sure that they will be taken out in that jurisdiction.

Yeah, at the end of the day everyone is at least slightly influenced by their environment.

So, in a way it is a good thing to not allow having things like casinos or other similar things next to young minds, which are still developing.

I think you need to be at least 18 years old to be able to discerning about these things...
39  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: July 22, 2024, 07:42:38 AM
Most times people wins around us can trigger us to increase our gambling activities when we think more of profit when gambling
This often happens in the ad threads of some famous forum sites, because there are people who always win and post their winnings, and this partly incentivizes people, for example, if they win at the slots this makes them think that if that player could, then any player can, so this incentivizes them to do this activity, or what is important is as you say, do it but with total responsibility, if there is no responsibility it is better not to do it, I have always thought that anyone who does this type of activities has to be very moderate when betting, because losing money is not pleasant at all.

Yeah, but usually gamblers only post when they win, and they keep it quiet when they lose.

Casinos know this, and they actually end up getting free advertisement when gamblers boast about their winnings.

It's all a calculated system carefully designed to pump all the money from the gambler to the casino.
40  Economy / Gambling discussion / Re: Is gambling bad to the society? on: July 22, 2024, 07:39:49 AM
~snip~
You are right, mate. I discovered that some people don't even think about the risk that is attached to gambling; they are too forwarded only with the thought of making a huge win from gambling; they don't just realize that they can lose a lot too in gambling. Some people don't think rationally because they actually believe that there are some strategies that can be used to win the casino, or maybe they can buy sure predictions from experts. 

Buying predictions from experts is a sure way to end up with less money than before.

If you just think about it, those so called experts would be much better off investing in their own predictions (if they were reliable).

Why would they need to sell their predictions to anyone else?, makes no sense.
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