This is more known in gambling industry as algorithm I think, which is the randomized 'pattern' of the outcomes which are evident with dice games, roulettes, and slots. I doubt that all casinos have no power with RNG,there is a tendency that some has. Actually we wouldn't know not unless you yourself have your own gambling platform. But to think of the tendency, if there is a way to break the 'code' with these patterns, many people should have been rich already because they could take advantage on knowing the result and they could bet for themselves. And casinos cannot allow this kind of breach because they'd be the one to pay right? Today, I am going to write briefly about the Random Number Generator(RGN) and its importance in online casinos. So basically, what the RNG does is to ensure that when we play our favoruite casino games, it creates random number, thereby ensuring that the result of every game are random and fair. No one would enjoy playing a game where they have no fair chance of winning. So, what is its mode of operation? If you play slots a lot you would have noticed that there are random symbols that appears on the reels. And when it does, it determines whether you have won some cents, a dollar, or more. There are complex algorithm that have generated the random symbols. The same thing applies to other online games too.
In the past, I used to think or believe that the random numbers generated were controlled by the owners of the online casinos. I was wrong. They have no control over it. Instead, there are companies that monitor it to ensure that the numbers generated are as random as they are. Imagine the manipulation and bias in the game results if online casinos had control over the RNG.
Personally, I feel that the RNG is the most important tool by which gamblers can measure an online casino's fairness, transparency, accountability, and honesty and that it operates in an ethical manner. For me this is the major role of the RNG in the online gambling industry.
As a gambler have you ever read up on how the RNG works in online casino games, or do you simply trust that it's functioning properly?
While the casino has no control over the RNG,some slot providers like Play n Go are giving them 3 changeable RTP the lowest one being 96.27,then about 92 the second one and the last near 84 percent,and that I know or not 100% sure but something along those lines can be configured to be played with.This is some sort of RNG manipulation also as by changing the RTP to the biggest one it means it will give less winning combinations and will get one's money faster than the lowest RTP and I think we have no idea how to verify which RTP the casino is using,sure they may say in the description that we are giving 96.27 the lowest edge but how do I know that they have not configured the game with almost 16 percent to favor the casino? Based on this I will switch to only games that have only one single RTP and I don't care about the high volatility,almost every good slot has it. This is what I am confused of. If they can adjust the RTP in favor to the house, why would it not be possible for them to manipulate it into some sort of its counterpart? Which could be more likely done by executive members of the casinos. |
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I was having a chat with a senior mentor in the financial sector and I asked him what advise he had for recent graduates, he said despite the high rate of unemployment, they should avoid a small margin business and instead acquire a skill or learn a trade where there is a reasonable profit margin. Because the effort you put into a small margin profit business if paired with acquiring a skill will pay more in the future. With the present economic outlook, do you think that this is a good advise?
Would be good if you have the capital,but how would you trade if you don't have it? You may ask for sponsors but how will they trust you? Let us face the fact that to most of the people a decent job should be prioritized first before engaging to investments and other assets. Pattern is; you will graduate and find a work, and afterwards seek for business or investment. Goal is to not work for your whole life and not to not work at all especially if you are less privileged. Whether high or low profit margin, check the necessity. We have different circumstances and not because something worked for them, same thing will happen on your end. |
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Know your intentions first. If you are into secured funds for a long period of time, putting it into bank would be a good idea. But if you are okay with taking risks in order to generate profit, putting your money into investments would be a better option. Storing your wealth on Bitcoin would be risky; Indeed for a long run the market price have increased but nothing is certain and consistent in this industry. You will not make any profit when you hold your money in banks, because the banks will charge you extra fees e.g. monthly charge, higher than the maximum withdrawal charge, send to other banks charge etc.
Charged fees are not most important things you must worry about when you use banks. They can be collapsed, bankrupted, insolvent as consequence of bank run and some bad capital management and your money in banks can go void anytime. That is a bigger matter than many fees bank can charge on you. It's a vital matter for your money, not big or small fee they charge on your account. Regarding bankruptcy, there's this agreement that a percentage of it would be returned by banks unlike with crypto wherein you would be only liable of what would happen on your assets. Fees and delays with withdrawals are the downside of banking and also taxes of ofcourse. But its edge over other digital assets such as cryptocurrency is for being widely used acrossed countries. Bottomline here is knowing what you are aiming for in a long run. |
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Gambling is for everyone. Not all gamblers in this industry are down to make huge bets, some are just here to enjoy even if they are a few. Ofcourse if you have strong intentions or desire to win, then you have to be of a bigger bettor, and a 'stronger' one. Losing will always be part of the game and battle will be between your endurance and luck. But why would a person want to make money by gambling? I thought everyone knew that gambling was for fun. How is it possible for someone to believe that money can be earned through luck? Although the house may have a small edge, it will be evident in numerous games and the total wagers.
Poker and some card games will be different because you are competing against other players, but there is also a part of them that requires luck.
As a result, I can conclude that gambling is not recommended for people who struggle with self-control because it can lead to addiction.
That is just how pwerful the concept of money is. Gambling involves money which creates high hopes for its plaers. Ofcourse gambling is meant to just pass the time but due to the involvement of money, things do change for those who are seeking for it. High chances that many plaers were here to have fun at first but eventually they will have an intention to win. Everyone wants to be rich. If exoectations won't be managed then that is where things could fall down in an instant. |
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Is street gambling safe?
Actually, this is an easy one and it all depends on the place and who you play with. Almost all of the streets here have people piling up to bet on games like blackjack, lucky nine, and baccarat. Fights actually broke out since the place where the games take place is only on the streets where there is actually no authorities like security guards or moderator for the games. One of my friends actually gets hospitalized because of his winning and he got on one of his opponent's heads after the game, his opponent and his companions hit him on his face with a baseball bat.
Does it prove that street gambling is not safe? Yes, it might but it all depends on the players. Will u play your bet with people you know are no good? No right? Maybe we can't really say until it happens but how about the chance that you can get yourself harmed, I'm not saying that don't play street games or don't bet on street gambling what I'm saying is please do choose who you play with wisely.
Spreading awareness is what at least we can do to help others, if ever you're watching some street games and you feel something's up call some authorities already because you might catch fire as well.
Fights could be avoided. The risk I see on street gambling is cheating issues with the 'house' or the one who facilitates. Their hands are too fast to notice but they are putting tricks in order to come up with winning. My friend tried playing on a street based gambling game which seem to be a dice game. He was allowed to take trials and when it went smooth he engaged with bets and surprisingly, he did not even win once unlike with his trials wherein he did not even lose. Game of luck? I doubt, there is for sure something in it maybe some sort of a trick. Well, this is not to generalize but if you are unfamiliar with that street in particular, then I suggest avoid putting your money into it. |
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Guys I need experienced help from someone who has already bet on these bookies.
I'm curious about your experiences with them because I've heard a lot of negative comments about how they lock accounts, steal money, ask for a mountain of documents that are impossible to get and therefore you can't withdraw money from the account. I've read a lot of ugly comments about them, but I'm interested in who can honestly tell me with experience how you fared with those bookmakers?
They are in the list:
22 bet
megapari
uberlucky
Nope, but that's likely because I've stuck with mostly mainstream, fiat currency and the biggest gambling sites in the past. However that is an important thing that you have to learn to gauge yourself - how big is the site or app. If you end up on some small, obscure site with broken or copied text, few games, struggle to find much info online about it and cannot find help from places like the support system, it is a very bad sign. In general, big sites are much less likely to scam you simply because they make so much money just from running an honest and upfront gambling site. It's bad for business for them to rip customers off, so unless you intentionally abuse them like trying to sign up for multiple accounts, you're never going to "get robbed" by them. The list is not familiar to most of the gamblers. This is why if you have not much of knowledge in this industry, much better if you would engage with mainstream gambling platforms or simply sites with reputation in this industry 'coz they won't be in such recognition for nothing. There are many gambling platforms exiisting in online gambling industry but not all would be worthy engaging yourselves with. Most of the nrw ones are worrisome. Which is why sticking with the popular and old ones would be always a better idea especially if you are just here to make casual betting behavior. New sites are only catchy simply because of huge bonuses they offer but if that would be an exchange to less of a worry, then I'm fine with lower promotions and such. |
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Reality in this industry is that, there are players who won bigtime but along their way, they have suffered from huge losses, which is being disregarded by new players in gambling. They are more caught with the idea that winning would make an individual rich in an instant, which gives them the drive to just risk most of the time without managing the amount they are betting with. Thanks for the clarification mate, indeed, we will only see or hear what gamblers are going to tell us, those big wins. But at least you open everything with those big bets that you put and it seems that it was a "sure win", nevertheless it was a very bad break to lose those games with incredible odds to win. Just surprises me though that you got a ton of PM's regarding your huge wins, hehehe. Still base on luck though, so I guess for them, they should take that risk and maybe one day they can win big just like what you reach the last time. Right now I'm on a losing streak myself, Lol, but I do know that one of this days, maybe lucky luck will smile on me.  Right. Gambling is still based on luck, and mostly your big wins still cannot surpass your previous huge losses too in the past. I’m just surprised that OP made it more transparent for us, that these big wins currently do not happen instantly, OP endured his big losing streak first before he won these huge amount. Hope this will leave clarity that gambling is never a win-win all the time, it’s a fair share of losses and wins and it’s up to the gambler itself on how he’d manage to recover his losses and maximize his winning streak. It won't always be upsies on gambling. It is simply based on one's fate and luck meaning, most of the time, you have no control of the outcome. What you can control is your drive whether to push through luck or to be disciplined enough to take a pause when you are continuously losing. A player could also move from one game to another in order to calibrate their luck (without basis), but a better way than to keep rolling with the same game waiting for your turn to win. |
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The most popular mistake that newbies make with online casinos is avoiding the rules and regulations, not all online casinos will put up a warning sign on their first page and say 👇
"New users are welcome, please read our rules and regulation before making your first deposits"
You have to look for the website FAQ and go through it first, I have seen some newbies that avoid doing this has they ended up shooting themselves in the foot.
Some even start spreading FUD on the forum about these gambling platforms that did them wrong, not knowing that they are the ones at fault, they are guilty because they don't read the rules and regulations.
This is too general you should have mentioned the specific mistake resulted from not reading the rules and regulation of a gambling platform. To give you some, betting multipliers is usually being a mistake by new players wherein they tend to just click and qill be surprised that their bet is that huge already. If it wins ofcourse they'd be happy otherwise, that'll be a huge loss. This can be very costly I completely agree. Some casinos have very strict rules about what they allow like unintentional use (forgetting about) of VPN can get you instant and permanent ban with all your assets frozen. Its definitely not cool to experience but there are rules imposed by casino and country which casino is based in. So everyone is obliged to follow rules so you cannot claim that "I didn't know". KYC is something imposed by casinos because it actually protects not other way. Details must be read.
There are really times that we're lazy too read long TOS but we should require ourselves to read everything before registering because it might affect our journey in the long run. They say that the only excuse to the law is being an idiot so we should never say that we never knew that we are already violating their terms of service. We are risking our funds here so right from the beginning, we should be responsible for our actions. This is actually the common mistake of gamblers who fail so we must learn from others' mistakes. In most of the applications and platforms we are all guilty of not reading the ToS simply because it is too long. Fortunately, I haven't had any problems regarding this concern. But indeed, since we are talking about money, that should be an enough reason for us to take extra caution with our actions. An alternative with reading rules and regulation is simply asking other players to be aware of something you know nothing about. It won't cost you a dime from doing so. |
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This is likewise with any third world countries perhaps with education, just to share. I live on a third world country and I saw how foreign individuals or students migrated here in my country. I had a chance asking one group of foreign students and they had the same answer to why they chose my country for them to finish their studies, and that is because education costs less. And I assume same thing goes with medical needs of them, by moving onto other countries for treatment. It would be fine doing so , i guess, if the professional they are seeking, is available on the country they are planning to move in. It is a fact in the first place that medicine or medical treatments are expensive on bigger countries and not all people could afford using their wealth for that matter if there is an alternative way.
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Volatility I guess. When I tried to open the idea of cryptocurrencies to some of my colleagues, they were throwing questions at me such as "why would it be a good investment if its market price changes a lot?". I think what really confuses them is to how risks would be managed and how profit potential would be controlled. Even on my end, aside from the idea that the market price is determined by demand, I cannot escalate other means or reasons to explain how volatility works. This would be for sure the dilemma of other non-investors because the first thing they would be concerned of, is the security of their funds from tendencies of loss.
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Despite the recent price decline of Bitcoin, the prices of huge altcoin names such as ETH and BNB have gone up. Over the history, Bitcoin has been and still is the most reliable cryptocurrency and the others don't seem to overtake Bitcoin's dominance in the foreseeable future. In the current bear market, will altcoins prosper and gradually challenge the place of Bitcoin ? Why or why not ? Please share your thoughts.
Question I guess is how do you view dominance in the first place? Is it the market price? 'coz if that's the case there were many altcoins which did it in the past. Bitcoin happened to be a larger chain in this industry among other cryptocurrencies which makes it not surprising simply because it is the first crypto to ever be introduced. Altcoins do not really follow Bitcoin's shadow; it is just the fact that they are all having volatile market value and the only pattern their market prices could do is to rise or fall. Also, there's no affixed pattern with their market prices as we all know. It is just the market trend line which forms connections in between. Proof to this is difference with rate of increase and times wherein other coins are on bullish pattern while Bitcoin is not. |
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Some factors to consider i you ask me are
1: Liquidty: The level of liquidity in the market plays a role in determining the size of candles and trading volume. on weekends and holidays, liquidity tends to be lower.
2: News and events: economic data releases, earnings announcements, and other important news events tend to be scheduled during regular trading days and not on weekends.
3: Market participants: trading activity on weekends and holidays is usually lower compared to regular trading days, exactly as you guessed, the institutional traders, who account for a large portion of the trading volume, are often not active during these periods
Third one I guess would be the best explanation unless there is a news positive and in relation to this industry, investors and traders would be focusing on market charts for sure. On the usual, ofcourse they'd choose not to or to set some rest days just like if you're employed. They do tend to trade still but most of their time is just observing unlike during week days wherein they tend to gamble on some patterns because of a more active indicators. The second reason is questionable; news on my country does not pause on any day of the week simply because it is necessary for everyone. Best viewpoint here I guess, is domino effect. Most of the traders and investors chooses to rest on weekends to give themselves a break. This generates small candles since they are not that active. |
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Utilize every platform available. Get as much promotions as possible. Seek for that popularity in every possible way. Popularity of the project is the bottomline for all projects. When it comes on promotion of a project, every platform does so. So how would a newly introduce project be at the top of the majority? Seek for long term improvement I guess. Any project could promote their output but not all projects would be able to provide a futuristic development or roadmap which is where potential comes from. In the same sense, popularity would follow, resulting to a success with project release. Address security of funds on all aspects because it is also considered especially by new investors in this industry.
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Money and family ties? Happens a lot, to most of us. Problem here is people using ties as an advantage for privileges such as being able to lend in an instant and for extending the period that the borrowed amount should be paid. This is also evident with social relations or friendships in particular. On my end, if the amount is huge and I know for myself that the person won't be able to return the money I will just give him a percentage of the amount he is needing, without requiring him to pay. Perhaps an individual is lending $1k, I'd give him 50 bucks with initiative just to free myself from guilt and to be safe from regrets. If I would allow his request inspite of being aware of negative tendencies, I'd be having problem afterwards.
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snip...
 My benefit came from the small amount I converted from stablecoins to bitcoins. But if I had deposited coins I would not have seen this income. Bitcoin price is likely to rise a bit moAnd I am very happy to see my benefits. It happens because you have trusted Bitcoin more than stablecoins and you were able to hold until getting the desired price to sell. Perhaps, the idea of diversifying our portfolio from stablecoins to BTC or altcoins has already been spreaded around. We can make a good profit from doing this especially if we got in perfect timing. You have did it right and you can still do more as long as you were not afraid to hold and not easily affected with your emotions and FUDs. There was a sudden spike with the market price of Bitcoin which is half expected given that the market price dipped til' $20k and that is the buyer's area perhaps. Diversification the other hand would work if you would be making the right choices 'coz if not, risk will just be bigger because the goal of diversification is also to diversify and avoid all of your assets on losing marks. So if you happen to diversify and things did not turn better, then that is where problem should be addressed with token choices. There are many altcoins to choose from but the fact that there is no clear trend line, gives second thought to investors whether to enter already or to wait for a little longer. Bitcoin would be a great choice but avoid thinking of an instant profit. |
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Less risk or bigger profit? That is for the investor to decide on what he prefer. In terms of real estate or properties, risk is still present but there is no doubt that it is less risky in comparison with Bitcoin as an investment simply because it shows a mote consistency with the price increase over years on properties. The rate of increase with the price of Bitcoin is definitely higher but do tend to change from time to time which is what non-crypto investors are still confused of. Many investors would choose less risk in exchange for a bigger profit because it allows them to diversify their assets into different one. Unlike with volatile investments wherein risk is always present but high rewards in return. So you decide.
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Problem is no one could really anticipate what is more likely to happen. The market itself is way too unpredictable and if you'd be in times of decline with market prices, the only thing you should consider is to deal with it and not to liquidate. Has something to do as well with the amount you can afford losing on your investment. Regarding dates on the other hand, history repeats itself but not exactly as what happened from the past. Prooc is simply inconsistency with market price increase so what more with declines or corrections in market value. Simply a part of this technology and other field of investment especially those which are solely dependent with the demand.
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Always the popular ones, no matter how the market behaves. Even if there is a bullish run, if the project won't have that much of popularity, it will be still at risk of failing. The reason is demand. Popularity simply creates demand which is the determinant of the market price and outcome of a project. At this point wherein there is no clear trend line, would it still be advisable to invest before the bull run given that there's no certainty of when will uprise movement take place. Therefore, patience should be more given attention than risking that much for new projects. In my previous topic, what I'm wondering about is launching project during the bear market a good idea. Currently the market is so bearish that most of the investors are not taking much action. But we always have to be sensitive to the market to prepare for the next bull.
So, what kind of project will be more benefited in the next bull??
Buy a coin that is in top 20 on CMC, i believe that if you buy coin that has already a good or top record on CMC or coingecko you can earn when bull season start,you can select them for safety, many projects are now scam and there are also new project that is not successful yet don't fall into scam and use some tracking apps to tract the record of every coin so that you can have an idea what coin is legit and scam. I'd still go with bigger tokens or names in this industry than with newly listed ones. In the first place, these big names are the ones to lead the uptrend, which would generate profit and lesser risk of losing. |
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Several factors; circumstances as is, government aid, and self sabotage.
There are times wherein no matter how an individual think of a way to somehow climb the social strata, they wouls be pulled down by circumstances such as lack of resources, capital and the likes which cannot be aided by hardwork alone. Govenment on the other hand is a factor as well because they should be utilizing nation's taxes to give assistance with the countrymen especially to those who are really in need of it. Last is self sabotage wherein an individual has no urge to make a change with one's social status
regardless of opportunities around him.
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First of all, why are you even forcing this technology to sectors? Let them be. If you are that eager in this industry then directly invest into it without pushing other merchants or sector to use it as a mode of payment. Continue your agricultural business and invest your profit to this technology, as simple as that. Not all people are knowledgeable or even interested with risky assets and investments. Better make your own adjustments then than to rant with things you cannot even controll in the first place. You are free to share information if you really care but that is way different from persuading them to engage with what you are interested of.
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