Good, these celebrities - drake being a prime example - are throwing away vast amounts of money by gambling and just prove that they don't have any special skills over anyone else. He got rich from music and now has moved heavily into partnerships with gambling companies. However he has so much money floating in, that he will probably place a similar size bet next weekend and win a similar amount back. Ultimately he is doing what all sports betting players are doing, just on a much bigger scale. I do sometimes wonder whether he is working some deals behind the scenes to indirectly advertise certain gambling sites to get their name in the news. |
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BRICS organisation X account made a tweet on Friday which reads 'Nigeria will apply to join BRICS in 2024'. Nigeria has been going through a lot of economic challenges which have caused double-digit inflation and the depreciation of the country's currency the Naira. One of the problems of the country is its over-reliance on the dollar for imports. The dollarisation of the Nigerian economy has put pressure on the Naira causing it to lose much value. Joining BRICS might not be the only solution to the economic recovery of the country but it will contribute to its economic recovery. This is because if Nigeria eventually becomes a member of BRICS, the West African country would be trading its major exporting product which is oil in Naira and also paying for exports with its local currency, thereby reducing reliance on the dollar. Sounds like they are on the BRINCS. It's such a meaningless acronym these days, these countries are all directly competing with each other and do not have any particularly special relationship - beyond being big enough countries that could be considered "developed" these days. China and India are not exactly best friends, they have been on the brink of war over border regions that neither wants to settle on. South Africa has become increasingly irrelevant and has lost a lot of the lustre it had when this group was bundled together. Russia has also become a bit of an untrustworthy ally in recent years, thanks to their behaviour in creating war in Europe, a big trading partner to many of these. |
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I would like to discuss this topic, the joy of victory. Much has been written about this, but nevertheless it will always be relevant. Many players naively believe that someone other than themselves should be happy about their winnings. I don't think so. Of course, those closest to you who directly or indirectly depend on your money will be happy about your winnings. But neighbors, friends, work colleagues, at best (at best!) will receive the news of your victories with indifference, and at worst, with envy. I know that many friends and acquaintances get depressed when they find out how much you have earned. For them, it will be an unnecessary reminder of their failure. Often friendships end after one person becomes very rich. People lose common topics for communication, common interests disappear. Of course, things are different in sports betting and trading than in business. Here success is less stable and a person can often fall back into poverty more quickly. But it’s still better to hide your victories from others. I've seen many clear examples.
This is true with many things in life, we often have a much more grandiose vision and depiction of our own success, because it directly affects us. Your close friends and family will only ever see residual benefits of you were to have great success, although your partner and kids may very well feel great benefits from it too. However great successes like these can often, even accidentally, lead to unnecessary bragging - which is bound to breed envy and jealousy, which can turn be very destructive forces in a relationship. |
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You know, there are people that look at certain things and they just conclude that because it's luxurious and expensive, it's not there thing at all. I once had that kind of mindset but with time I have learned that luxury could even make you more productive.
There are environment you will be exposed to and things you will use that will totally revamp your idea on wealth and aid you to work more effectively. As long as the luxurious stuff you're purchasing aids you to become more productive and comfortable, nothing should be too expensive to be bought for your comfort.
I've purchased a Mac laptop that's way expensive than the average laptops I could easily get but because I needed what will work well for the kind of job I do, I had to buy it and I must say that the fulfillment out ways the negative thought of not to purchasing it.
That's one factor that lead me to always go for high quality and luxurious stuff after that moment.
Have you bought something that people feel is rather too expensive and that you could have purchased a lower version of it? What was your inexperience like after that?
I do wonder what type of work you're doing that requires an Apple, which could not be done on another possibly cheaper device. However Apple have built up a huge ecosystem to surround their hardware and interactivity between many devices can actually be a saving in the long run, but does leave you captured by one company who may change the rules later on. That being said, it leads back to the often quoted saying that being poor is expensive - buying a slightly more expensive pair of working boots that last many years, as opposed to buying new shoes every year because they wear out quicker is another example. However most people would buy luxury versions of items if money was no issue and are simply living within their budgets. |
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Guideline 1: Gamble no more than 1% of household income
Don’t bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month. Recently I decided to risk only 1 percent of my gambling portfolio into each bet. This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money. Do you guys also follow a similar strategy like gambling with 1% or 2% on each game? This way not only we are safe from losing big amounts but at the same time, we never find ourselves in a situation where we go all in, in some bet and then have the fear of losing all of our money. You must have heard 1% strategy in trading, the same can be applied in gambling too and believe me, you will feel a lot more comfortable using this 1% of your money in every game. This also gives you a lot of games to play before you end up on your money as on every bet you will use 1% of your money. In case you lose all bets, you will be playing 100 games because your money is exhausted. For anyone that is serious about making money while trying to find a consistent strategy in gambling, this sort of approach is very wise and is basically called bankroll management. However in reality you will generally find that most people who are drawn to gambling are not necessarily financially or mathematically savvy. They are often looking for shortcuts to wealth, so if they have a hundred dollars in their account they will usually not have the patience to only be gambling $1 at a time. It's hard to beat bookmakers anyway, so unless you are applying this strategy in a skilled game like poker it will be difficult to find much benefit from managing your money deposited in gambling sites like this. |
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Actually have come to understand the fact that when ever dollar increases it may likely cause the depreciation of other currencies in underdeveloped countries. Particularly this might make this underdeveloped countries to be very poor. It can also make them not to engage in the global market of trading, because their currencies can not meet up to this increase in dollar. I think it’s really a global issue that needs to be addressed in order to help this underdeveloped countries.
Unfortunately the problem here is the poor leadership of any countries that use the dollar as their quasi-currency, instead of their own local currency. If your country is so badly run that you have to utilize the currency of another because it is more stable, then the only people you have to be angry at is your own politicians. America is free to play it's own games and set it's own rules with a currency that they control. They will, to a certain small degree, try not to destabilise the situation from their side - but if your local currency is falling then they do not have the ability to fix poor economic policies of other countries. |
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AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?
You can bet that behind the scenes AI is already shaking that AI is already shaking things up. There will be players trying to leverage the data mining side of it, which has levelled them up slightly compared to bookmakers who once held most of the power. However bookmakers will also be utilizing ever more advanced techniques in order to scrape more profits out of their users. There are so many techniques and data points that can be analyzed in greater detail, it is probably only limited by the processing power they're able they're able to throw at it. |
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So, I watched a video recently where the guest speaker said, that if he gets the opportunity to advise teens in high school he would tell them not to study economics, and it made me scared because I'm studying economics. So, it was like... ' Did I make the wrong choice or something? '. Moving further in the video, I realized that what he was saying and explaining had already been said by my economics lecturer before.
"Economics is a day-to-day practice and is an easy endeavor made difficult for study reasons", he usually said. Watching the video to the end, I asked myself, "If I had the opportunity to go back in time would I pick another course to study? " And the answer was ..." No". And if I have the opportunity to advise any high school student about courses to choose... I'd say "Economics". The more people learn about even basic economics, the better the economy of countries.
So, if you had the opportunity to advise people about courses to choose In University, what would it be and why?
You should really try to find a balance between something you find interesting and something that could give you a reasonably financially rewarding career. Money is not everything and you are more likely to burn out if you are not interested in the course, or long term the subject. You should also consider the amount of competition in the sector, because if you're doing a super easy course with few jobs available, then youl may end up finding the degree outcome to be worth much less than you paid to attain it. All these things are very hard to calculate when you're younger. |
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A lot of people have been clamoring about how gambling has ruined their life but same gambling has set some people up for life, just like every other form of investment there must always be a profit or a loss. And life is so balanced that what works for Mr A might not be the same that works for Mr B. Likewise in gambling, while some are crying about their loss they are some who are smiling and celebrating their win.
Gambling has been seen as a very dangerous thing base on some people's point of view here in the forum whereas in reality it has given some people the capital to start what ever business they want to do. My point in this post is that we shouldn’t just paint gambling all black because some people have fail to stick to the discipline of gambling.
I believe that before one make a decision in life, they should've already weighed the consequences of making the right or wrong choice, then put their fate on luck coupled with their little knowledge concerning what they're about to decide on, so why complain and play the blame game when things go wrong? "Share your thought on how gambling has come through for you if you got any".
I think it is wrong to compare gambling to "every other form of investment", as it's not true. The main factor being the black and white nature of placing a bet. When investing, let's say the traditional method through the stock market, if you stick with big and solid companies - you have very little chance of losing all your money. Even if things start to go bad at the company, there will be many opportunities to cash out and get some of your investment back. However with the short time frames and absolute nature of placing a bet, where the final outcome is you lose everything if it fails - is a misleading comparison. |
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What's the essence of all the hustle and bustle and learning and reading and keeping all the sleepless night? Isn't it all about money?
What if I don't want to go through all these process, don't care if I'm a graduate or not or if I'm good at speaking good English or not buth I'm just focused on how to make the money and end up making the money, won't the end justify the means?
I sometimes feel that some of these ideal process that has been accepted by the majority of the people in the society as a part to be taken to greatness is too complex. I mean, we can just learn how to read and write and focus on how to make money. Those who want to become engineers can choose to do so but those that don't want to pass through those route shouldn't be seen as less of a person because at the end of the day, it's mostly all about money.
The age of the internet has made it easier than ever to sidestep the education system and make your own way in business, as an entrepreneur. However there is a side of large and established business where you will often have to apply for jobs, where your CV will be compared against many other candidates who are competing for the same position that you want. HR will often then, if they get a lot of applicants, use your level of education as a blind screening test to trim the list down- this is where you would be at a disadvantage over others in the jobs market. |
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Sometimes when I want to gamble, there is always this feeling of reservation I have about certain events, but I am usually unable to stop myself from removing such events and they end up messing up the outcome of my gambling. I usually realize this when the gambling outcome is already know. Like tonight I played sports betting and my selections for the accumulator is as follows:
Coventry vs Rotherham - -- 3+ that is over 2.5 goals
Leeds Utd vs Stove City ---- 3+ that is over 2.5 goals
Ipswich T vs Bristol C ---- 3+ that is over 2.5 goals
Bristol R vs Bolton ---- 3+ that is over 2.5 goals
Peterboro vs Northampton ---- 3+ that is over 2.5 goals
The accumulator gave a total of 16 odds. When making the selection, I had my reservation on Leeds, there was this thing that keeps reminding me that Leeds will not work but I ignored such feelings. Lo and behond, it was same Leeds that messed up the bet and it was after the match I realised myself.
Is there anyone who experience something like this sometimes?
Multibets are one of the most profitable sports betting activities that bookmakers offer for this very reason. People are generally rubbish at analysing odds, so that only gets much worse when you combine many bets into one. Sure, you could try to analyse why you thought that the Leeds one was destined to fail, maybe that was the one that jumped the odds from 5 to 16 - so the bookmaker was giving you fair warning from how they priced it and it was driven by greed or thinking you knew better than statistics. |
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I wasn't really a saving type, but lately looking at the current situation of things in my country, how costly things have gotten, once money enters your account or wallet, you'll be suprised of how you won't be sure of how it vanished, not to talk of having a tangible reason of what you did with the money. So recently looking at how people cry for money and personally looking at how I needed money I decided to start splitting the little allowance I get, saving one part and using the other, I won’t really say that it has made me a billionaire or that I no longer lack money but at least I have cash somewhere that I could call my own and fall back to in cause of emergency.
To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.
When you are young you should try to enjoy life through experience and travel, rather than materialistic things like chasing the latest iPhone or Apple headset. However peer pressure can be surprisingly powerful at that age and many only start to think independently of it into their twenties. It's a very hard balance to find, as they can often be on low wages anyway, but when you are young is the best time to make financial mistakes as you have plenty of time to rectify it later - just try to avoid going into debt as that brings it's own problems. |
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A gambling expert brought i and some friends a guaranteed predicted game and asked us to stake a a high amount so that we winning could be huge and so we can give him a percentage of the money at winning.
I don't believe there could be a 100% guaranteed game but yet my friends who are eager to make profits in the gambling accepted to play the gamed as instructed and at the end of it, they all loosed the game and at then, the rest of us were happy because we didn't play the game else we would had loosed as others.
I want to ask, do you believe in experts gambling predictions?
There is no such thing as guaranteed, I've seen bets as low as 1.01 fail multiple times in a row. You and your friends would be taking all the risk here, if it fails they will make up some excuse (but ultimately you'd probably not use them again) and if it hits you start thinking of them as the new messiah. The higher the amount they get you to bet, the more emotionally attached and distorted you would become to the win. They might hint at rigging games, however lightly, but that would end up as a disaster too and nobody rigging games is sharing it at a low level. |
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I am not financially stable yet, so I am very much grateful for the appreciative increments in the Bitcoin market (bull-run) on going, I decided to cancel our marriage anniversary celebration because I insighted that there is more to gain In my continues hodling while the markets skyrockets than selling off my hodled coins just for ceremonial pleasures which can not profer me financial returns other than consuming the ones saved.
Now, my wife seized not to understand what my logical points about this are because she is not the one providing for the family.
As a woman she is, I clearly understood that they are attracted to pleasures especially on activities that attracts public attentions. These species of humans (women) fails to understand that it is money that afford those pleasury materials and activities they craves for which one has to utilize himself logically in economical situations so as to create financial balanced system before chasing after those financial consuming activities without the potentials of yielding incomes.
Putting your life on hold because of a bull run does not seem very sensible and it's expected your wife would be confused in this situation. When will enough be enough for you? Is there a certain point that it needs to reach before you will cash out a small portion of it, so you can get married? At the moment it seems like you do not have any plan at all to progress your life outside of owning this bitcoin. Your "logic" is also precarious because you never know when a selloff might come, so be wary about thinking you know it all. |
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Today i decided to try one of my sweet predictions in the EPL games. So, i predicted in 4 matches and placed my net. However, during this time i watched my games played so well but two games were holding it and i felt i would lose this game. It was already 83 minutes and i needed these games to play at 87 minutes i gave up and decided to cashout the amount i used to stake since it was the amount that was showing there. I thought it was clear and instead of losing i should rather just get my money back. Just in 15 minutes after i checked the live score and found out that the game played. I felt so angry and unhappy because i have not trusted my instincts if not i wouldn't have cashed out at that time.
The reality is that most people won't stand a chance, instincts or not, against the vast data analysis that is performed and applied by all the biggest bookmakers out there. Sure, you will get lucky on occasion and beat the odds, but these bookmakers are winning on the long term because they've got this "brain power" processing their odds. In this scenario your instincts were overwhelmingly telling you to cash out, which put it at direct odds with your original instinct of how it would play out, so you wouldn't know which instinct to follow in the scenario given. |
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Nigeria in recent times has recorded unprecedented security challenges such as Boko Haram Terrorists (BHTs) attacks, militancy, armed robbery, banditry, kidnapping for ransom, Fulani-Herders farmers clashes, cultism among other social vices could all this current social vices be attributed to difficulty caused by having too little money or too few resources by the federal government .
The current economic issues in most areas of Nigeria, state capacity is low, service delivery is limited, and insecurity and violence are widespread. Wide infrastructure gaps constrain access to electricity and hinder the domestic economic integration that would allow the country to leverage its large market size.
My question now is what exactly sponsors the untold hardship in the life of an average Nigerian
I don't think there has been a recent time in Nigerian history that you could reasonably call "easy". Just from an outsider perspective it seems vastly overpopulated and this will make it a high competition area. That would make it harder to escape poverty or move up the socioeconomic ladder, because the poorer will often be stuck on the lowest rungs simply because they are replaceable. I do believe the Nigerian government screwed over their own people in the last couple years by decoupling from the dollar, as it was at least a little bit of economic stability. |
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Apparently this is a true live event happened in my State this week and almost everyone is talking about it. About a young man that killed himself after a gamble loss, he even left a message for his family and friends before taking his life. But I wonder why should someone take his own life just because he lost #2.5 million to gambling an amount equivalent to just about $3k. I can relate to his loss but taking your life is something unimaginable and unjustifiable to do. No matter the regrets suicide isn't an option to be taking as a solution , you are only leaving bigger pains behind for your loved ones. This is just another reminder to we all gamblers that no bet is sure and guaranteed, don't ever use an amount of money you are not comfortable to lose just because you feel convicted in your mind that the game will play as predicted. There's no such thing as sure bet in gambling. Question: Is there any amount lost that can make you commit suicide? If yes, then don't ever use such amount to gamble. It's very sad that anyone should choose to end their own life, especially in what some might call their prime year's. However there are all sorts of motivation and emotions in life, some people are able to keep a grip on them, while it becomes too overwhelming for others. Greed in this scenario was a very dangerous driver and the ultimate source of this person's misery, but it was self made. He was trying to take a shortcut and unfortunately it did not pay off for him, but would he even have stopped if he did manage to double up? What would be enough? |
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There are two types of consequences: if you have money on your bank account they lose their purchasing power because you are subjected to an "implicit tax" because your saving are cut by the increasing in the price level. So you should be able to invest your money in bond or in the Capital market in order to close the gap with the inflation rate.
Obviously investing you can achieve more profits but losses at the same time, due the equation more yield and more risks.
If you want an advice you can just think to invest your money in bond because Central Banks will decrease interest rates in the long run because inflation is falling sharply.
The biggest problem in this scenario is people's wages often do not keep up with the pace of inflation. If all the products and services around you are going up by 10%, but your employer is only bumping your pay by 3% then your earning power has decreased. If that happens 2-3 years in a row then it can have a large effect on your cost of living and spending power, which might turn into a large quality of life change. Thankfully in many countries we are starting to see the trend reversing and normalizing again. |
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I came across on YouTube where a gambling casino social influencer was streaming about a casinos platform.
He literally brought out his phone and was illustrating to the audiences that it is just few steps to take the winning on your games which is making choice of your predictions, choose amount to bet and also indicate his hashtag referral code and click on confirm.
Immediately you get credited directly to your account that just you won.
I just smiled but I want to ask, how many of you guys develops interests on a particular casino platform due to the influence of the casinos streamers?
To me personally, no they have zero influence, but I can see that many people follow and watch these type of streamers. I could understand people watching fast paced shooters, football games , racing or any number of other genres, but watching someone play casino games for a long time and wasting their money seems rather dull. You are essentially seeing someone hand over all their money slowly and in real time, what is most shocking is when they have subscribers donating and seeing the money they waste disappear. If they are winning regularly I'd suggest they have some deceptive relationship with the casino too. |
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Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is 'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
Let discuss this guys..
No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
Savings can be a sure sign that you are on your way to wealth accumulation, rather than sitting in debt which is surprisingly common out there. However once you reach that part of your financial journey, you should definitely start to do more research and you'll find that investing long term will be much more profitable. We are in a weird time where bank savings rates are especially high, because inflation indirectly drove them up, but with inflation coming back down again you will start to see them fall and investing will be much wiser again. |
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