There's nothing more to it than luck. I mean even if you have a lot of patience waiting for the right time to win in, your luck would be the one who will be the key to win that jackpot. Maybe it would just a coincidence if you win the jackpot in just 1 roll in the slot machine that has been played too long for a certain day. Since slot machine game won't take much of your time, meaning you'll also lose a lot of money in no time.

That's the simplest way to explain it, however some people are still willing to deposit their money even though they've lost, because they need to fulfill that emotional feeling that they need to recuperate those losses and when they do, that's when they are gonna stop. The only things that happened afterwards are just disappointment, frustration, and regret that they should've cut their losses the first time.

Once you knew the time when to stop, most of the time it is already too late.

I've seen this kind of strategy in movies but I've never tried it in person. But when we are going to talk about the slot's algorithm, then yes, winning the jackpot could be achieve in a slot machine that is heavily played during a certain day. However, we don't know when and where is the right slot that you should play to win big amount of money.

In the end of the day, it's still about luck.

The innovation they made has a good motive, however I don't really think this will solve the gambling problems. Because once you limit the people from doing what they want, they will just try to find other ways to continue what they were doing before. People keep on finding ways most especially if they are over-attached with something. In this case, gamblers most especially the regulars will just do other strategies and techniques to bypass the tracking of their spending habits. This just limits them temporarily, but soon after, they will be able to continue and be back to their old habits.

Despite having a nice intention for creating such an app, I think we should address gambling problems such as addiction and obsession with a holistic approach. It all boils down to self-discipline and restraint in which should be honed and practiced regularly. If we will keep on relying to such methods, it will only just be a band-aid solution and will not really help the gamblers for the long term. But this would do for those who are trying to withdraw slowly from gambling.

This post is misleading. The moment I read it, I immediately did research to check if the information you provided are true. Apparently, it is not accurate. In Germany, the tax obligations a casino has to pay to the government for every online poker and casino game is 19%. Sports betting has a higher tax rate which is 24%, and lottery games are subjected to the stake made which is 20%. This is pretty much a decent tax if I must say because this is the usual tax of those countries that have gambling as a legal activity. In Italy, it isn't really tax-free. The government of Italy taxes the casinos for 20% for their games of skill and 22% for sports betting. The two countries mentioned, Germany and Italy, have a usual taxation rate. Hence, the casino operators will still make a profit. Meanwhile, in Denmark, it is really true that the tax is high but not as high as 70%. The gambling tax in Denmark is around 41% for gaming machines and 45% for land-based casinos. Back then, they have only 20% tax obligations but their government decided to raise the tax to the operators by 40% to both. Hence, they are paying double the tax now compared to before.

Sources:

Denmark Gambling Tax

Italy Gambling Tax

Germany Gambling Tax

A lot of factors can play a great role in the gambler's decision on whether to play and deposit more or to totally stop because of what he is seeing and experiencing disadvantages inside the casino. The factors that I am referring to could be many problems inside the casino such as the prize given, undergoing mandatory KYC, lower winning chances, and legality issues. These factors can make the gambler lose interest in playing because it would be hard on their part to generate money in winning and their personal information and identity could be compromised.

However, this isn't always the case for everyone as we all have different tolerance to risks. Some are still enticed to gamble and play more despite all the things I have mentioned because they still profit anyways, so they don't really mind. And another factor is entertainment as well. As long as they are still entertained with the games that the casinos offer, they stick with it. After all, there are still gamblers that in it for the fun and not on the money that comes with it alone.

Because nobody wants to give their personal information to someone they didn't even know in online world, even if it is an exchange, you don't know them so there's no reason for you to trust them with your identity, you don't even know if the purpose of their KYC is just for your account to be verified. That's the reason why most of the people hates it, others use fake IDs for KYC to not risk their real identity online.

The answer is very simple, don't buy when people are in FOMO because that will help the price to skyrocket unless it's already overbought. The right technical analysis will always give you the answer you're looking for, so don't forget to do it before making a trade. Be patient, don't rush things up because eventually, your technical analysis will be always right as long as you've done it correctly, obviously.

Kind a risky for me, in my opinion. Because not all of the time, after it was listed on a certain exchange it will go up instantly, sometimes it is the other way around. Also, you don't want to just randomly buy new listed coins because of that kind of mindset you have. Buy tokens that has been in the crypto world for a while therefore you could analyze its price chart movement and decide whether it's good or not.

Of course do some follow up research about it to support your analysis, then buy at the price where you think it's right.

Basically buying isn't enough to ensure profit, and buying more so you can sell some? that would go for certain situation first before proceeding on such action. Buying has the right time, since we are all crypto enthusiasts here, I assume OP are saying that buying more tokens means higher possibility to make profits in the long run.

Yes, that's possible as long as the tokens that will be bought in the future has a future as well, you know, it has strong foundations, because you don't want to buy random tokens that's basically just shitcoins. Second will be the situation of that certain token that will be bought in the future, you need to buy in the dip, not in the all time high.

It's the cons of a self-moderated thread. The moderator can do whatever they want from their thread and that includes deleting all the negative feedbacks and complaints to them. It's pretty much common. Everything that they see that they don't like or which seems to be not fit in the thread, they will remove it in an instant without you having to do anything with it because their thread, their rules apparently.

Now, if that thread has been proven to be harmful and spreads fake news or whatnots and you feel like it violates your right as a member in this forum, I suggest you escalate it to those who has the power to investigate the issue. I think even self-moderated thread can still be investigated upon most especially if it really overtakes its boundaries. You can post in scams and accusations together with your evidences that they keep on doing what you are claiming to do, and it affects you and others negatively. I think they can make some action for that. But really, that's what we will really usually get with self-moderated threads here. It could be a bit off, unfair, and offensive, most especially if you are raising a complaint or you just want to make other people aware of the disadvantages, but that's it. Just do necessary actions if you feel like doing so. I guess other people have done that as well before up until today. You may check out the board I just gave.

I agree with you. In gambling, good days aren't guaranteed everyday. There is still a chance that you will lose some despite having a winstreak the past few days or even weeks. After all, gambling is a game of chance - a game of probability that winning or losing isn't certain. It's a matter of luck, chance, and strategies combined altogether. Now, if you will risk your money with such low profit but could guarantee a 98% win, you could either benefit or lose. The 98% chance of winning is enticing, but if you will actually think better, the profit you will get is just too low and sacrificing your money for an almost "guaranteed win" isn't really worth it. Most especially because there's still a slim chance of losing, and once you spot on the bad timing, all your money will be gone in a snap. So I don't really advise doing this most especially if you are fond of doing all in bets. There's no guaranteed win, the house will always be at advantage than you and will always be far ahead from you. Now, what you got to do is to find a suitable website for your liking and do a background checking of their reputation. After that, check if their website can be navigated easily and if you like it well. Otherwise, find another one. There's so many sportsbooks nowadays after all.

The fight of Jake Paul and Woodley has been a surprise that most of us didn't really anticipate to happen. Paul was supposed to fight with Fury, but unfortunately, Fury acquired bacterial chest infection and has damage ribs which caused him to back out from their fight during this month. Paul kept on saying that Fury's team is just faking it and he isn't really ill. Jake Paul claimed that Fury is just scared of losing from him, hence, decided to issue a make up excuse to justify his withdrawal from the fight.

Honestly though, I think Fury is telling the truth because why would he be afraid of an amateur boxer, right? There's no reason to back out most especially he has been looking forward to their fight even before. It's just that unfortunate events happen sometimes. And this time, he chose to prioritize his health rather than sacrificing his well-being for clout and money. Jake Paul having a sudden fight with Woodley though is a blessing in disguise for Paul's side because he can still fight this year, meaning all his efforts to train for the supposedly awaited match isn't put into waste.

I commend Woodley for accepting such real quick offer to fight. Given that there's only a few days for their match which would take place on December 18. This just shows that Woodley is training and is confident to fight even if the notice is given shortly before the actual match. Hopefully, they would give us a nice rematch. Since they have fought this earlier this year, which is on August and Paul won if I'm not mistaken. Rooting for Woodley to do and exhibit better performance this time.

It's really nice to know that a Filipino boxer is given an opportunity to make his name well-known and make his dreams come true, which is to fight against his ultimate dream opponent. Mark Magsayo has a standing of 23 wins with a 16 knockouts which I must say is a good record for a boxer. He have good matches which you can really say that whenever he fights, he fights with all his might. That is why he attained such track records. Meanwhile, Gary Russell which is also a reputable American boxer is a good player as well. He has an outstanding record in which he held the WBC title the longest. He has the WBC title ever since 2015. Magsayo said that he has it the longest time around because he mainly fights once a year only, unlike other boxers. Which also makes sense if you will really think about it. But of course, the fights annually isn't an easy peasy as well. It surely is also as challenging as other fights. Only that the probability of holding the title becomes a little more higher due to lesser tries.

Both boxers perform great inside the arena and no doubt their match will definitely be exciting and thrilling to watch. Hopefully, they'll give us an aggressive and intense fight on the date of their game which is actually fast approaching. It's only a few days to see who will take the title. It would certainly be an awaited fight most especially to their fans.

I belong to the same country. It's truly hard to live in such state that has corrupt government officials who only think of themselves and not the betterment of the country's economy and the citizens' welfare. Here in our country, there are a lot of traditional politicians that only aim to bag money from the people's taxes. It's very awful because despite the pandemic crisis, they still have the guts to manipulate and deceive the whole nation with their evil schemes.

In addition, financial literacy isn't really much tackled here resulting to more people falling under the poverty line. There's lack of opportunity, lack of education, high inflation rate, and high unemployment rate that causes the economic status to decline. This is where bitcoin becomes very beneficial to most of us. Right now, most people view bitcoin as a safe haven of their funds because it is lesser prone to inflation. To add, bitcoin is also isn't manipulated or controlled by the government which makes it ideal to be a store of value because they can't just excessively make it out of thin air which could compromise its value. Bitcoin and crypto in general also offer a lot of opportunities that the government can't provide. It's truly a blessing moat especially to those who don't have so much because they can make the most out of their resources if they will just strategize the right way.

It's really good to invest on yourself first before anything else. Your knowledge, wisdom, and skills are very much important and can be utilized in so many ways for you to profit from it. The process of making yourself better in different fields and crafts isn't a waste of time, money, and effort. You could use your skills to generate income. Some even made it possible to become their bread and butter. It's really just about how you do it and how you strategize.

Given the modern age that we are in right now, a lot of seminars and studies are up either in physical classes or online. What you got to do is to grab the opportunity and enrich yourself. I have read and heard several testimonials already about making your skills and crafts into something enjoyable and at the same time, money-making. And what fascinates me more about each time I hear transforming skills into money generating way is that they got to control their schedule which means they still got to do what they want whenever they want. Most of the time, this is common in the freelancing world. The people there either have natural talent which is inborn, or they honed their skills to make a living. Knowing what your niche is would be a good thing to acquire clients and projects. By using your skills and talents, you experience happiness and fulfillment at the same time, you earn money. It's a win-win situation.

Who wouldn't want to be rich? I bet most people want to achieve financial freedom, hence being rich would be the option for most of us. Money can literally buy almost everything you need in order to survive the daily basis. You can do whatever you want without the fear of where you wound get the fund if you were rich. You can start anything because you'll have a safety net to catch you in case you messed up. And you will not worry about living paycheck to paycheck because you have so much spare. It's really ideal and a wishful thinking to be wealthy enough to secure our future one day.

However, let's also be reminded that not everyone has the same opportunity to just pick what they wanna be and who they wanna be. It's a privilege to have such options and not all are blessed with it. Many people struggle so much to the point that it's not even an option to take a rest and relax because they hustle as much as they can to make money because they have mouths to feed and other obligations. I hope it's really that easy to just pick what our social status would be. Because let's be honest, despite all the efforts of some, they just can't pass through the barrier of financial instability. Most people are locked up in poverty no matter how hard they try to do their best. There are few lucky ones which have surpassed the very difficult circumstance and I'm sure their journey wasn't really easy.

Hopefully, as time passes by, we become a better version of ourselves and we improve, grow, and be successful than we were before. It's the little steps. Don't be paranoid if you won't be able to fulfill the list of your goals yet. For those who are reading this, I know you will get there. For now, be comfortable with not yet, trust the process and do your part to achieve your own definition of rich and success.

Bitcoin become an opportunity of most people to become their own financial institution. People no longer have to be imprisoned with the idea of having only fiat money and other things that are controlled and manipulated by the government. Bitcoin paved way for people to become more aware of societal issues and become one of the ways to achieve financial independence.

Government has its own role which is to provide the betterment of the economy of their country. However, most often than not, they do the other way around. The excessive printing of money and unregulated spendings on unnecessary projects are the few ways how the government is slowly destroying the state and the citizens as well. With the economy declining and inflation rate increasing, bitcoin become the safe haven for most people because it offers so many features that the government related organizations can't really provide.

However, we must also take into consideration that while bitcoin can provide so many benefits to most of us, we can't also deny the fact that it still remains both a privilege and a luxury to own any amount of it. There are still areas where crypto isn't much really used, known and still illegal. Hence, they still rely on the traditional ways provided by the government. In which we can say that the government funded and related things are still useful. It just boils down on what we prefer and how we will use it to our own benefit together with our responsibilities on it. Regardless how much useful bitcoin is, we still have obligations to uphold as an account holder and as a citizen as well.

Death is inevitable. We can only delay it from happening, but it's certain that it will happen. If you have an account that has funds in it, I suggest to let your trusted person know about it so that when unfortunate event happens to you, someone can access your account. Make sure to let only the person who you trust the most to know about important details about your account, otherwise it will be compromised. I know it isn't really advisable to give out password and seedphrase, hence you can opt to give them the partial information only and not everything all at the same time.

It's better to have a notebook that contains significant information about your funds and then store it in a safe place such as vault that no one knows about as long as you are fine. You can opt to tell your trusted someone to know that you have a vault, but don't tell where it exactly is. Leave them some sort of message, riddles, or mind puzzle to find it and its password. That way, you are not telling outright and easily the crucial information. You can also choose to make the password or seedphrase a puzzle for them to solve upon. Just leave them some clues so that they could benefit from what you worked hard for.

If you won't do this, or any other kind of way to let someone access your account the moment you fell from your demise, all the things you've worked hard for will all just be put to waste. It won't be benefited by anyone. Except the holders because every lost or unretrieved coins contribute to the price increase because of lower supply and higher demand. But other than that, it will have no more use. It will just be stuck in the blockchain as long as it is running.

How did your close relative got scammed? In any way, did he give his personal information such as his pin on her bank account? If I understood it correctly, the hackers purchased investment coins on his behalf and he was forced to change bank accounts after the incident. Then, he found out that the investments purchased were not genuine and his money were all gone. Am i right? Please correct me if I'm wrong.

Foremost, what your close relative should do is to take legal actions if he really want to take his money back. He should file legal action so that the platform would do security measures to background check the transactions made and to possibly trace the hackers' information and transactions. Otherwise, consider his money gone. The moment he got scammed and robbed, he should've taken an action. I hope it's still not too late. Once he have raised his concern, all he got to do is to secure his accounts and wait for the verdict. Because as we know, as a part of data and privacy act, they cannot disclose any information despite of how grave your complaint was. It is still needed to undergo due process and investigation. Next time, i hope this won't happen again. May he take this as a charge to experience so that he won't be a victim of such unfortunate event once more in the future. Keep us posted on the findings.