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221  Economy / Gambling discussion / Re: Is AI going to affect gambling in any way ? on: April 16, 2024, 08:56:32 AM
I have gone through the topic and havent found any link that will lead to a proof that someone tried and tested AI for gambling. If AI would really help with making predictions, there would be examples of its usage, gambling community would have a hot discussions about it. Right now people seems to be either cautions to use it, or afraid to risk money and test. All I see that main argument is AI "might" make some affect, but nobody is sure about it. I would remind everyone once again - there is no magic "win" button, nor magic strategy to win always.

The thing is that AI is a tool, that's it.

You can use it to do more things, faster, and more efficiently.

You can explore different odds, games, bets, etc, and even check out other ways to make money.

If you have an open mind, you can use AI to generate money.

It's not the AI generating money, it's a human using AI.
222  Economy / Gambling discussion / Re: Which one is fun, watching with bet or without a bet? on: April 16, 2024, 08:54:52 AM
For many people, it was a discovery that emotions are important when watching a match, not just pleasure. Emotions can be anything: negative or positive, the main thing is that they are there. If the game leaves you indifferent, that's bad. When a game gives you negative emotions, it's unpleasant, but that's life. Life cannot consist only of positive experiences. Negative emotions give us a variety of experiences and always teach us something. Smart people and wise players are those who have experienced not only positive emotions, but also many negative ones. These negative emotions taught them a lot.

Yeah, I have heard a technique used by some people that is basically bet against their own favorite team...

If their team wins, they are happy, and can ignore the money lost.

If their teams loses, they are sad, but get a consolation prize with their bet.

I think it has something in it, as it's basically a win/win situation if you value that emotion similar to money.
223  Economy / Gambling discussion / Re: Do you believe in gambling experts predictions? on: April 16, 2024, 08:52:37 AM
~snip~
For me it's only helpful to have a background on such teams or players that is new to me. I do my initial research with them. But for most, I don't do my whole bet decision base only to the fact or prediction that they've presented to the public. I don't want to put all my hope to any analyst in the league. It's my money I'm betting so I always make sure that it is my decision. So I just use it correlate with my own predictions. And that's a very good point, only bet on games that you know and you enjoy. Or else, study the game. Grin

Yeah, AI is getting better and better at giving great advice regarding many things but at a basic to medium level.

When you want it to go deeper it sometimes struggles or makes up things.

For initial exploration though it is brilliant.
224  Economy / Gambling discussion / Re: The madness of gambling addicts. on: April 16, 2024, 08:49:59 AM
~snip~
This is exactly how nasty some addicts are . Some can even go out of their way to do worse taking huge loans just for some mindless staking without even having a guarantee of how they could possibly get some money to offset the loan. This is the reason why at the end of the day , most of these addicts end up bankrupt some even at the brink of becoming homeless. If as a gambler you are not able to control yourself and manage time and money spent on gambling stakes and activities then you are either not mature enough to gamble or you too irresponsible. One of the major reasons gambling is 18+ plus is based on the capacity to make mature decisions.

Yeah, I think many people might end up in that situation given certain scenarios.

It's easy to just assume everyone else can end up in an addiction, but it can happen to a lot of people.

Once you are addicted to something, it is quite difficult to get out, and the people looking from the outside don't really get the full picture of what's going on.
225  Economy / Gambling discussion / Re: When you are not to gamble. on: April 16, 2024, 08:48:18 AM
~snip~
Sometimes an experience to lose in gambling can make someone realized that it's not an activity to earn money easily. Because as we know many gamblers are engaging themselves in gambling because of the thought of gaining when they play.

Thus it's crucial to know what you are getting into before deciding to use your money just to play. Always expect the worse case that can possibly happen so that you're not going to be hopeful to win.

Yeah, it is important to have a good understanding of what you're putting your money into.

Many people don't really think twice about gambling, and they just to it because "everyone else is doing it", when in really it's not everyone.
226  Economy / Gambling discussion / Re: Claw Machines: a category of gambling? on: April 15, 2024, 08:44:54 AM
~snip~
True, many people don't know that the grip strength can be tweaked, so that it is loose for x amount of rounds.
This way even if the player aligns it perfectly with the target, the prize will fall prematurely before being delivered to the hole.
So two factors play and contribute to the winning chance: (1) grip strength and (2) positioning. Basically, whether or not the player is skilled, there is still randomness in the game.

Interesting.

In that case I guess there must be some kind of standard or something that can be tested to make sure the machine is working at the correct level of randomness.

At least gambling machines have to pass certain standards criteria to have the license to operate.

Otherwise you could just have the grip always loose and never pay out the prizes.
227  Economy / Gambling discussion / Re: When you are not to gamble. on: April 15, 2024, 08:36:00 AM
~snip~
I have a profitable friend who told me that when you are in a loss, don't look at that as a money taken from you. Instead think of it like a loan you give to the casino. There's no need for you to take it back right away. As much as possible take your time, it may have a interest later on. This shift my perspective a lot. In gambling there's no need to rush and take your money that you've loss. Casino will always be there. So it's not aonly discipline or self control. It's also more of perspective and beliefs around one's behavior.

Yeah, but the math in this case shows that the longer you play, the more money you will lose. That's the most probable outcome.

You might think that in the long term you might win, and yeah, that might happen, but in most cases you will just lose more money.
228  Economy / Gambling discussion / Re: Is AI going to affect gambling in any way ? on: April 15, 2024, 08:33:05 AM
~snip~
same here mate, AI has not been fully used yet, there are trial usages that appear just like when there's an AI reporters were trending, the quality is not that good and another thing is that people are also the ones who manipulate the AI's so maybe they have not been fully adapted yet even if we say that we are in modern technology now, and if such an AI technology happens that almost everyone will work for the country, what about the people who may lose their jobs?

Technology keeps advancing and new jobs are created meanwhile other jobs are destroyed.

The whole software industry didn't exist a few decades ago for example, and now heaps of new businesses and jobs can be done through the internet.

There will always be other ways of being useful to other humans. That's a job basically.
229  Economy / Gambling discussion / Re: The madness of gambling addicts. on: April 15, 2024, 08:31:15 AM
~snip~
Most gambling addicts do not use reason to implement their strategies when playing so that their minds are completely controlled by emotions and make them lose in this case. Apart from that, we can also see gambling players who have fun with every game even though they also hope to win, but when they lose they just act normal and will try again another time with the same feeling. This is why being addicted to something is sometimes not good for ourselves, so everyone must be smart in enjoying it even though they have to lose many times before tasting victory.

Yeah, heaps of addicts end up not being rational at all and only leading their addictions with their feelings.

It is not really a great place to be and it can be quite expensive.

You can slowly try to reduce your addiction, but it takes time.
230  Economy / Gambling discussion / Re: Where is the fun when you lose your money? on: April 15, 2024, 08:29:53 AM
I doubt there is a single one of us here that enjoy losing bets or money right ? if you do , I think you have some problems or you're mega rich and you don't care about money but 99% of gamblers really don't enjoy when they lose money as most of them are gambling to become rich and they are afraid to admit it and that is the first sign of addiction. For me , when I have a losing streak , I stop betting and maybe after 2-3 weeks I will try another random bet to see if I'm still in the same situation or my inspiration and luck are back.  Wink

The thing is that gambling is a random event.

Every single game is independent of the previous ones. That means that you can wait a week, month or a minute, and the probability will be the same in the next game.

There was a time in the past where games were "easier", for example roulette tables didn't have the double zero, making it more probable to win compared to current ones.
231  Economy / Gambling discussion / Re: Claw Machines: a category of gambling? on: April 13, 2024, 01:41:45 AM
~snip~
It's not a game of skill, many people in this thread said it, and I agree with them. It's an illusion that the creators of this game bore in mind when they were making it. It would be a game of skill, more or less, if after you captured the prize it were guaranteed that you'll get it. Unfortunately, we all know that more often than not it's not the case.

I have seen people winning prizes at some claw machines, so it is possible.

Of course some machines might be rigged, as every machine is different. But in theory, it should be possible to win.
232  Economy / Gambling discussion / Re: Can Anyone +18 Play Gamble? on: April 13, 2024, 01:40:39 AM
~snip~
I don't think so if casino only accept for those who have already experience in gambling. Also that casino is made for income so once a newbie play with them so there's a chance that the casino will earn more unless those newbies is too lucky but if not then like what I said that newbie will loss and the casino will earn a lot of money. Also there are many gamblers who want to play so the bouncer of that casino will let all those people who want to play in their casino.

In the end it doesn't really matter if the player is skilled or new.

Every game is an independent instance of a gambling event.

That's pretty much it.

And every game has a lower chance to win than losing.
233  Other / Off-topic / Re: How can we help beginners not to get addicted on: April 13, 2024, 01:38:24 AM
The whole question is what attracted a person to gambling - the desire to earn money or the desire to have fun. If the former, then the probability of addiction is very high, because the beginner will try to earn something (and then it often turns into an unrestrained desire to win back). If the latter, it is easier. It is enough to offer an equivalent substitute in terms of emotions and andrenaline

Yeah, it is basically trying to reach for an ever out of range carrot.

Addicted gamblers will think they will win if they play just one more time.

Same as alcoholics, just one more drink. It's similar behavior.
234  Economy / Gambling discussion / Re: The madness of gambling addicts. on: April 13, 2024, 01:34:39 AM
~snip~
some people will be able to draw a line sooner or later and then respect their limits
but those who can't are slowly (or sometimes fast) walking in the direction of ruin
that's really sad to see, true. these people need help, nobody should take a loan to gamble and gamble more than they can afford to lose

Yeah, that's the art of gambling. Same with other vices like alcohol.

People that do these things need to know when to stop. Otherwise the vice takes their lives in the end.
235  Economy / Gambling discussion / Re: Get one btc right away or 5 btc with a bet? on: April 13, 2024, 01:32:53 AM
I would take th BTC right away. Nothing to take into consideration, 1btc is enough to multiply another one, as Gambling is a game of uncertainty I won't want to trade such a valuable asset because of gambling. I know one might win by chance but won't be sustainable as you might want to risk more, damn no one gambles with an asset.

Yeah, one Bitcoin is a large enough amount that would make it a nice sum.

If it is riskier to get more then it doesn't really matter too much as 1 btc might be already enough.
236  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: April 11, 2024, 08:44:24 AM
~snip~
       -    or in another example, a running race, in order for you to win and get the trophy and be called the champion, you must first defeat or outrun your opponents who will also be running in the field.

and it's not easy to do that because you have to run faster than them and to do that you have to go through training... this is the risk you have to face.

A race is not comparable at all with a gambling game.

In a race you only need to be faster than the other competitors. You might even be lucky and win because the others fell.

For example, Australian speed skater Steven Bradbury won the Olympic gold in the 2002 Winter Games by simply not falling because he was the last one, far away from all the other skaters who fell:



Whereas in a gambling game, your outcome is always defined by luck. It doesn't matter if everyone else in the casino lost their money, that's independent of your game.
237  Economy / Gambling discussion / Re: Does gambling excites you ? on: April 11, 2024, 08:38:33 AM
~snip~
Every gambler definitely hopes to win, but if they have a lot of money they don't care about it because gambling is only for fun and seeking happiness. But if people are rich or have a lot of money, they still hope to win, because the essence of gambling is to win.

Therefore, the main aim of gambling is to win. Maybe tell me that every person who gambles and intends to seek pleasure and then have fun with it so that they can become addicted, it's all because they are too excited, and addiction doesn't know whether rich or poor.

Yeah, but the thing is that there is a concept called opportunity cost.

A rich person will have to stop doing something else to go and gamble.

They could be making money in another business, and they would be losing that if they went to gamble instead.

So, in a way, I reckon most rich people don't gamble to win money. Maybe some do it a bit for entertainment though.
238  Economy / Gambling discussion / Re: When you are not to gamble. on: April 11, 2024, 08:36:19 AM
Gambling can be an exciting and entertaining activity, but it’s essential to know when to exercise caution, like:

Avoid Gambling While Intoxicated, whether you’re celebrating with friends or enjoying a night out, refrain from gambling when under the influence of alcohol or other substances. Intoxication can impair your decision-making abilities, leading to risky behaviour.

I think every person must have self control, and they should be able to see when gambling is causing problems.

Some people are completely sober and still manage to lose all their life savings by gambling.

It really depends on the person.
239  Economy / Gambling discussion / Re: Claw Machines: a category of gambling? on: April 11, 2024, 08:35:23 AM
Well, technically they are, as they have designed to be work around for gambling regulations. Regulations on those can vary a lot, and so do the prices. I would assume that even owners of claw machines can't keep up with rapidly developed laws around them, as it's not too long ago as i saw i phones as price as a part of a carnival, that was passing by. And obviously drunk poor people saw that as an opportunity to show of their skills. These days that would get them charges on fraud because i am certain there are price limits for prizes on them.

Personally i don't see them as gambling because they are proven to be rigged many times, so i would classify them as scams.

Yeah, maybe. I actually see them more closely related to scams than gambling like you said...

But I wouldn't say they are a scam, because you can in theory win the prize. It's just very unlikely.

But it's also not gambling because even though it is unlikely, it is not random. It's just a very difficult thing to do.
240  Economy / Gambling discussion / Re: Where is the fun when you lose your money? on: April 11, 2024, 08:33:33 AM
~snip~
Gambling as a source of income never makes sense anyway, I mean we are talking about something that will statistically and mathematically make you lose money 100% guaranteed. Doesn't matter if you win big, if you keep gambling then you will lose. Source of income suggests you are thinking of it as a job, and that means we are talking about something that will be done for many years, even decades.

So, it doesn't matter if you put up 50 cents and win a million dollars, because if you want to keep going, eventually you will lose that million dollars too, you have to get out to make that money and getting out means that it is not source of income, it would be saying like lottery is a source of your income, it is not, it is just luck for once and that's one in a trillion chance.

Yeah, if anything it would be a one-off that makes you a millionaire. Very different to have a steady pay check every month like you have in a job.

So, I don't really know why people think of gambling as a job, or income making. It could be just a fantasy I guess.

But there are jobs related to gambling that do pay an income, like the influencers that show videos about it, etc. But that's not really gambling, that's more like advertisements.
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