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281  Economy / Gambling discussion / Re: Does gambling excites you ? on: April 04, 2024, 07:41:17 AM
~snip~
Gambling is very interesting because there are many fun games to play and also to bet on the win and loss of those games which is very fun and can grow financially if you win big.  Due to which gambling is a very favorite place of entertainment for almost everyone.  So it is only natural that gambling excites us.  And those who get too excited in gambling cannot control themselves and as a result they face huge losses.

It really depends on the person I think.

The main driver is of course the idea to make money easily. But also the sounds, lights, etc, help in creating this idea.

Many people get extremely addicted to the casinos and cannot stop it. Usually they don't even enjoy it, but they are just used to living that type of life.
282  Economy / Gambling discussion / Re: Claw Machines: a category of gambling? on: April 04, 2024, 07:39:01 AM
~snip~
Without a doubt this is a form of gambling, it is just that it has become so common place that people no longer think about those machines on that way, however those machines fulfill all the conditions you may expect out of a slot machine, so it is important that parents keep a close attention to their kids and make sure they do not spend too much time on those machines, otherwise they may find themselves facing the terrible problem of having their child developing some gambling issues at a very early age.

These machines are not random. That's a crucial difference to a slot machine.

On a slot machine you simply press a button and the outcome is defined by chance.

In these machines you have way more control over the outcome. You can maneuver the grip in both directions, and choose when to send it to grab stuff. There's a lot of skill to this. Of course it's difficult to win, but the outcome is not random.

Huge difference, even legal in some places as in, anyone can put these machines but you would need a license for the slot machines.
283  Other / Off-topic / Re: Gambling addiction is not about the money you could win; it's about the "win" it on: April 04, 2024, 07:36:15 AM
~snip~
I have to agree on your point. While gambling also entertain us, but majority still gamble to make money, and you won’t expect for millionaires still aim to make more money as they have it already. So what they are looking for is purely to have fun and relieve theirselves from stress, and once they get over it, they will not gamble more often, hence they are not prone to addiction.

But for low income earners, they gamble to make money. But the more they gamble, the bigger the losses they’ve been acquired. Eventually, if they lose their self-control and discipline, then gambling addiction will follow.

Yeah, the thing is that it's a bit irrational.

Well, rational if you include other points and not only the financial ones.

Basically, poor people see gambling as hope. Hope to get out of poverty because they don't see any other way out. Even if they work 24 hours a day, they would never become wealthy.

They see gambling as the only way out.
284  Economy / Gambling discussion / Re: Where is the fun when you lose your money? on: April 04, 2024, 07:34:20 AM
It is a millionaire's or wealthy guys way of having fun, to lose money and that's the payment they're doing to the enjoyment they're getting with everything.

That could be with girls, casinos or anything that's giving them the pleasure so, unlike us, we gamble with the hopes to have some money.

While them, they're expecting to lose money and that's why they're gambling no matter is the result, it's okay to them as they can make and take that money back easily.

I would say that most people that actually earned their money through business or investments will probably not spend too much time at casinos.

That's the reality, usually it is simply the people that want to be rich the ones playing at the casinos, and ironically never becoming rich.
285  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: April 04, 2024, 07:31:11 AM
See that title? That's not wrong but that's not right also because you don't have to necessarily lose your money gambling, you've got this innate feeling in you that no matter what, you're going to try your best to win but in most people they manifest that feeling which makes it all wrong for everyone gambling, I don't think that's a place you should lose your money no matter what, gambling is all about taking chances, that means there's a chance that you'd win.

Yeah, it is not 100% guaranteed you will lose your money, but it is the expected outcome.

If you are OK with that, and see this as some kind of entertainment with the small option to win money, then it's fine.

But you need to be OK with the idea of losing it all because that's what will most probably will happen.
286  Economy / Gambling discussion / Re: What was your latest big win from gambling? on: April 03, 2024, 07:48:09 AM
What was your latest big win from gambling? How do you feel after your latest big win?  is $16700 last week and I have lost half of my latest big win cause most times I do chase my loss unconsciously. I really want to know how you do feel after your latest big win. Do you increase your betting stake with mindset( if I lose it’s not my hard earned money) or will you maintain your staking status quo.

I don't recall any major wins, but I guess that's because I've also not gambled too much.

Usually with gambling at casinos I would play at blackjack and win or lose basically around twenty bucks or whatever the minimum of the table is at the time.
287  Other / Off-topic / Re: How can we help beginners not to get addicted on: April 03, 2024, 07:24:59 AM
The reason why I'm not addicted to gambling is because even before I started to play gambling I already understand gambling and its addiction, and my understanding has helped me on how to follow up gambling. Sometimes I ask myself why do people get addicted to gambling, is it because they have no understanding or awareness about the addiction of gamble.

 I think majority of people who are addicted to gambling is because they do not understand gambling as beginners, the rules and the side effects of playing gambling excessively.

I think if gambling companies can help to giving beginners to understand gambling and addiction it will help and reduce the rate at which people get addicted o gambling, I mean good lesson for people to get understanding.  Or do gambling companies benefit from gamblers who are addicted, which the awareness of getting addicted can affect their business?.

I think it's pretty obvious that a casino would not be very interested in not making people addicted to their services.

Basically you are saying that companies should have "anti-ads", paid campaigns that actively discourage the use of the company's services. Yeah, that's not going to happen.

The only thing they usually have to do is put some text the government decided, like "gamble responsibly", but that's basically it.
288  Other / Off-topic / Re: Do you regret also for ever knowing about gambling? on: April 03, 2024, 07:22:28 AM
Yeah you read the question correctly.

I got this taught while involved in discussion with some of my friend today, it was round of friends and we were practically catching up after some old memories in high school so discussion led to discussion and the issue of regretting to ever knowing how to gamble came up and believe me it was a very serious issue as one of my friend was practically blaming the other for the whole problem is currently going through right now as he constantly gambles his money away and at what avail? was the question being asked to the friend who actually inviting him to a gambling house during highschool. The matter looks childish  at first because the whole table of friends there were all gamblers including myself but we all never reached the height of complaining or blaming someone for our gambling ethics.

So I was wondering if some folks here too feel the same way or it was just a matter of grudge and hatred for the particular fellow to stir up such arguement.

In my personal case, I have no one to blame.

It doesn't matter who introduced you to gambling, or if you saw an ad, or if you just walked into a casino.

The only responsible is me.

That means that I have the full power to decide how much to gamble, or if I should gamble at all.

I still enjoy going to casinos from time to time as they usually have nice pubs and restaurants, but gambling is a different story.

Every person is responsible of their own actions, and actions have consequences. There's no point blaming others.
289  Other / Off-topic / Re: Gambling addiction is not about the money you could win; it's about the "win" it on: April 03, 2024, 07:19:46 AM
When I started gambling my mindset is solely about winning some cash to better my life but the more I gamble, the more that idea shifts. The money no longer satisfies my initial goal but the idea of winning does.

But even with those ideals in play, why would a millionaire start gambling in the first place?  

so why would a rich athlete or politician become so addictive to gambling?

I think socialization+joy+drinking+gambling is satisfaction to them. What do you think?

The reality is that most gamblers, and specially the most addicted ones, are usually people without much money to begin with.

Most millionaires would rarely gamble. As you mention, there's little point for them to do that.

They can instead enjoy many other activities with the money they have.

Gambling is basically paying for chasing the fantasy of becoming a millionaire, which they already are.
290  Economy / Gambling discussion / Re: The madness of gambling addicts. on: April 03, 2024, 07:17:23 AM
~snip~
Addicted gamblers are seen across every neighborhood where gambling shops or casinos exist. They share almost similar stranded looks, when trying to seek for financial help. I've also watched players change from addiction to not gambling at all. Although, some gamblers whom I know bet on video games, and they're addicted to doing this, however, they sometimes tend to stop. In addition, most experiences were read online, because associating with addicts isn't something I'd pick as a hobby or thing I like doing. Unless the player reaches out for help on ways to stop being addicted, then I could be of help. Some addicts in our neighborhood, while growing up were so buried in addiction that their family had to disclose the problem to a wider range of listeners. Yet those moves never made any changes on the player, they still try as much as possible to continue player, regardless of what people think about them in the society.

I am not sure that every addicted gambler shows their addiction to the outside world.

In many cases it can just be something that is deep down. You basically need to watch their behavior, not how they look.
291  Economy / Gambling discussion / Re: Claw Machines: a category of gambling? on: April 02, 2024, 08:44:24 AM
Nowadays you can find these claw machines in many stores, restaurants and malls. They are popular among young people, and are always shining captivating colours to the eyes. Most of them reward soft toy or cuddly toy and electronic gadgets, while there are also few versions where you can grab paper money available. You just have to be skilled enough to manage collecting the prize with the claw, dropping it into the collect box right after.

In order to play, you have to risk money from your pocket for a single or few attempts with the claw. In most attempts, however, it's like the prize will slip from the claw or you won't even achieve collecting anything with it, since it's made of a slippy metal.

Do you consider this a category of gambling game? What are the chances on long run? Skills matter, or do you have to be lucky, nevertheless?


 

I wouldn't personally consider this gambling, but a "game of skill". I think there is an actual legal difference between the two in some countries.

In this one, you are basically playing a game like in a fair. It's a skill game, that is usually hard to get the prize.

In a casino, the games are random. You basically throw a dice and get a result. This one is just skill.

Also, you get a prize, not money. And also you probably won't spend all your life savings there anyway.
292  Economy / Gambling discussion / Re: The madness of gambling addicts. on: April 02, 2024, 08:41:33 AM
~snip~
And if I do so, I think I would see more "regular" customers, than addicted gamblers. I think there is a difference between those two. Person can be gambling regularly, but wasnt bringing all his monthly salary as soon as he gets it. Regular gamblers indeed spend a lot of time gambling, but they know when to stop; at least they have a stop button or can pause gambling for time. That is why I say, that I barely see really addicted people. People who only gamble. And I see regular gamblers in offline casinos. People who are often lonely or have nothing to do, and casinos are the place where they get special attitude or "ears" who will always listen to their complains and talks.

I am not sure some of them actually know when to stop.

There are many, many people that end up in a horrible situation in casinos. And that happens extremely frequently.

People keep losing all their money every day at casinos.
293  Economy / Gambling discussion / Re: Where is the fun when you lose your money? on: April 02, 2024, 08:39:35 AM
~snip~
I am among the people who do not agree with you if your perception is that gambling is only for profit. A person's fun cannot always be measured by how much money they make after gambling, some gamblers only try to relieve fatigue after a day's work or relieve the burden of the problems they are facing. The atmosphere in a gambling place can give them pleasure and inner satisfaction that cannot be measured in money even if they lose after placing a bet.

If you assume that looking for fun in gambling places is just a waste of time, then mountain climbers or rock climbers are also wasting time and have a greater risk than the money spent in gambling places. A person's fun cannot be measured with money, mountain climbers can feel a sensation that is difficult to express in words after successfully reaching the peak, the feeling of tiredness, time spent and ignoring daily tasks is not comparable to the sensation of pleasure felt after successfully achieving their goal.


Yeah, but at the end of the day, the amount of entertainment a gambler can get will probably never cost that much.

A ticket for a concert, plus an all you can eat and drink dinner, etc, all that would be nothing compared to one night at the casino gambling away without limits.

There's just no comparison in terms of entertainment.
294  Economy / Gambling discussion / Re: Have you ever done something crazy to bet? on: April 02, 2024, 08:38:00 AM
~snip~
No employment, just a bet. Smart deals have guarantees; gambling doesnt. No pay, healthcare, or retirement. You cant succeed in business by chance. Casinos strive to win, not donate. Hopes and dreams cant make you rich.

Even while some say its for the thrill, everyone wants to win big. Ambition is fine, just like in politics. However, planning and self-control matter. Those who gamble must know the odds, respect their limits, and quit when necessary. Management-understanding risk and the worth of your hard-earned money—is the actual difficulty, not beating the house.

Yeah, it's a risky business.

Some few lucky people might win the jackpot, but the vast majority of people will end up paying for that, and way more actually.

That's how casinos make their massive amounts of money. By having gamblers pouring all their life savings into them.
295  Economy / Gambling discussion / Re: Is AI going to affect gambling in any way ? on: April 02, 2024, 08:36:18 AM
~snip~
So most of the time we will be misguided because we are the last touch of an AI before the casino. They have already made adjustment to their system for AI t work for them, and despite using an AI, there's still no way to beat them, they'll always stay at the top (which is normal) and we are still trying to find a way to beat their system which is unbeatable.

I guess we just focus our energy somewhere else, of course AI can help us but there's also a limitation, and like mentioned, we can't beat a casino.

Maybe, probably on the smaller casinos they might not be up to date, so there might probably be a way to get some value out of AI.

But I reckon most of the time the best trained AI will be used to generate the odds, so there's nothing a gambler can do since the casinos control the odds.
296  Economy / Gambling discussion / Re: Have you ever done something crazy to bet? on: April 01, 2024, 10:47:48 AM
~snip~
There’s little point in indulging in the activity if you don’t get some form of entertainment from it. You’re more likely to lose money than to win some so there’s little point if you’re playing just for the money. Perhaps having constant hopes of winning some big money someday keeps people going.

I wasn’t one to skip school then to go gamble and I haven’t really done anything crazy in order to place bets; There wasn’t any reason to.

Mmm, I think that's why some people think of gambling as a job.

They are there because they want the money. Some gamblers genuinely don't enjoy their time there. They only want to make the money and go.

The reality of course is different, and most actually end up losing money.

So, as I said, it's better to have some fun while at it at least.
297  Economy / Gambling discussion / Re: Is AI going to affect gambling in any way ? on: April 01, 2024, 10:46:10 AM
AI has huge impact on many industries and it will also has its own impact on the betting world. If some people are thinking about exploiting betting companies thru AI, I guess it is the opposite. AI will be more beneficial to betting companies. There will be zero to little arbitrage in betting anymore in the future due to AI detecting all the odds the other bookies are offering.

I can also imagine banned or people not allowed in gambling or are doing illegal activities like laundering will be tracked easily. This is the same situation in my country wherein there is a system where all banks can access on the credit score of all people that have bank accounts.

Yeah, technology is usually applied first at the casinos, and then it gets into the hands of normal people.

This is because casinos have the money to pay for developers, researchers, etc.

They have a lot invested in these things.
298  Economy / Gambling discussion / Re: The madness of gambling addicts. on: April 01, 2024, 10:45:10 AM
When was the last time in your life when you saw gambling addicted person? Or have anyone of you ever seen such people? I see a lot of people talk about addicted people, but all they know about them is from reading articles or someone has told them. I have also read about ludomania, but in person never ever seen addicted people. Or maybe from first look it is impossible to tell if person is addicted. I have only see drunk people near offline casinos. But I doubt that they were addicted gamblers.

I would say many are gambling daily at the local casino.

Just head into any casino in your city and you will probably see a few addicts there.

Specially if you go late at night, they will be there playing all the time.
299  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: April 01, 2024, 10:43:53 AM
~snip~
The percentage of people losing their bet is far greater than those winning their ticket. Casinos would have been seized to exit if the opposite is the case due to liquidation and bankruptcy. However, it's not true that gambling is a place to lose since it's not a place to make money. This statement is being used to create awareness among gamblers whom might have the believe of becoming rich through gambling. Quite alright, there are few people out there making a decent amount from gambling but that's not always the case.

The reality about gambling is that, it's actually a place to pass out time and have some entertainment with your money while there's possibility of making more money in the process but that should be the last thought in your mind. Thinking you can make money from gambling on a norms is misleading one's self and shying away from the reality. You don't want to lose? Kindly stay away from it.

Although that is true, the fact that the illusion of making money is there is basically the main driver of gamblers.

If the games were the same, but you would only win points instead of money, they would be not as popular as they are today.

Gambling is popular because of the illusion of becoming rich, not the entertainment value.
300  Other / Off-topic / Re: Dont chase your loss on: April 01, 2024, 10:42:11 AM
~snip~
It is true that cases like this often occur in the life of an addict. By pursuing victory, he dared to take big risks by betting without proper rules. An addict will spend all his money and sell his possessions to be able to gamble.
An addict has a weak conscience so he will do bad things that harm himself in the future by gambling with inappropriate money so that he will feel how stupid he is when it is all over and he has nothing left.

Yeah, that's usually how it goes.

Someone will get addicted, then lose all their money. Then, any money they can get their hands on will also evaporate.

It is a tricky situation to be in, and you don't want to have your money accessible to an addict.
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