Hello am new here and am interested in gambling but with the rate of scams casino I am finding it difficult to know the right site that don't scam players?
You're better sticking with the big names quite frankly. Lots of small and new casinos can offer attractive special offers - but often there are so many ludicrous terms attached (like 50x wagering requirements) that it's not worth the hassle. So if you're betting with crypto then look for threads in this section and the gambling discussion sub section for threads with many dozens of pages of activity, check the last few pages to make sure it's not full of complaints, then you have found a reliable site. If you're looking for fiat currency casinos, simply stick with the top search results in google but be sure to avoid any paid advertisements. While there are a lot of rating sites out there, it's hard to trust the reviews and distinguish the good from bad, because even if people aren't scammed they may be feeling bitter about losses which causes them to leave false negative reviews. |
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Chess master Garry Kasparov is apparently a big supporter of cryptocurrencies and NFTs.
While I do not think he is "one of the smartest people alive" as the opening paragraph describes him. He does have an interesting perspective on things.
At the end of the day, no matter how clever and amazing a chess player this man is - he is trying to push a product during this interview. He has a vested interest in hyping up cryptocurrency as he is trying to sell off a collection of 30 NFT's supposedly connected with certain moments in his life. He could have explicitly backed Bitcoin by saying he owns some, yet he side steps the question in a very calculated way by saying he believes in the future of coins. The main thing it feels like you can take away from this interview is he thinks of Bitcoin as a standard, the first iteration of many cryptocurrencies that may spawn in the future and a solid example of how the process can work. However he stops short of declaring unilateral support and this seems sensible for anyone buying crypto these days, it seems inevitable that something else will be perfected over time. |
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Do you think it will be a big help if these gambling license issuers like Curacao will have official representatives to settle all the complaints from gambling sites that are under their jurisdiction, there are still unsettle complaints from gamblers and some complaints are ignored, also they can moderate these complaints being a third party mediator, what do you think of this idea.
You need to separate who the real customers are to these small countries that sell gambling licenses which are often backed up by very little support to the end user. It is the small to medium size gambling operations that are looking to offer some sort of increased legitimacy, maybe just for tax residency purposes, but often little is done to verify whether they are trusted beyond having access to a certain amount of money. The gambling regulators that sell these sites gain nothing from end user gamblers like us, except extra expenses involved in paying people to investigate allegations - which are often kept to the bare minimum. For years now they have gotten away with ignoring complaints or brushing it off as a disgruntled user (of which there are many), this has worked rather effectively. The only time they care to take action is when a casino creates a flood of complaints which starts to gain mass media attention; this is a very hard bar to reach. |
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If I remember right, this island trend began in 2017 when vanuatu offered citizenships for sale in bitcoin.
Since then we've had el salvador embrace bitcoin. Akon city in africa. And many migrating to puerto rico to benefit from its 4% income tax.
Now the latest trend -- island resorts which propose to generate development funding through the sale of NFTs. I'm not certain if the the business strategy is a sound one. Its very similar to metaverse offerings which sell digital real estate. Maybe too similar. The market could become too heavily saturated with supply greatly exceeding demand.
Private islands are not always high dollar properties. There are many private islands which sell for $50,000 to $400,000. The real cost with islands is transportation and cost of supplies and amenities. I'm not certain if barebones lot NFTs could accumulate value without the support necessary to comprise a total package.
Interesting read, although it's hard to trust anything Vice puts out these days as they like to dramatize everything to draw in viewers. In reality this started long before cryptocurrency and stems back to citizenship for sale. Most of these small islands became tax havens until they started getting pressured by the USA and Europe, so they had to hunt for new business. It seems like cryptocurrency is the next target and they'll happily take any payment in any format in return for special benefits. They are very useful for setting up companies that are opaque, which typically get used for washing criminal money or simply storing it offshore from wherever it was looted. |
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In this thread I share my opinion. I know 2 types of gambling. Sports and casino. I have both types experience. At first I started to play casino like roulette, dice, ludu. Roulette was my favourite casino table. One day I won 7k usd on roulette table. But I couldn't retain it. I lost all the usd in 10 minutes and day by day my lossing amount increased. Sometimes casino table was so tough. Whatever I bet all lost. No sequence maintained. If I won a day, I would loss 5 days at a stretch. It seemed all was fixed. I shifted to sports betting. I started to follow biggest football league like English premier League, la Liga, french Liga etc. Researched the teams statistics and placed bet. Gradually I covering my losses. What's your experience?
If you were to start with a million and played for an unlimited amount of time, you are guaranteed to eventually lose all your money playing at a casino. The rules of probability and simple arithmetic are impossible to defeat, if for no other reason than the casino has at a minimum costs to cover for allowing you to play. If you have a super keen eye and somehow find a tiny advantage, which is able to beat the margin of safety added to all odds offered, then you could theoretically squeeze a profit from sports betting. Hell, I remember reading a little while back about a company with an automated setup and making use of all possible bonuses, is able to successfully arbitrage sports bets in Australia to make a sizable amount of money each year. |
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Everyone here plays gambling. Some win a lot of money, others lose their life saving and most of us are in no profit no loss situation. We win some and lose some and keep on enjoying the game.
Gambling does have some advantages but also it has its disadvantages. It will be better if the pros and cons of gambling be discussed extensively so people especially the newcomers know what they can expect from gambling.
The most obvious pro of gambling is the fun you get with it, obviously there are many ways to entertain yourself in the world of today but there is still something very attractive in gambling a little bit of money once in a while, now when it comes to the cons it depends on how invested you are in the hobby. If you are just an occasional player then there is almost no con as whatever you pay for your gambling hobby is probably similar to what you would spend with almost any other hobby, however if a person begins to lose control of their gambling then that is when things could get ugly and then you begin to lose massive amounts of cash. I'd say that there is a certain type of gambling that can be very beneficial to a small set of people. Skilled games, where it is possible to play against other players to gain a foreseeable advantage - whether this is poker, chess or a game of monopoly. Having knowledge of how to calculate odds or strategist against other players can be a powerful skill in life. It can teach you to analyze situations using all available (even if limited) sources of information, whether the means reading "tells" by other players or simply sticking to long term implied odds to almost guarantee a small margin of wins. When to apply pressure to your advantage can be another element of cunning that the right training can teach you and perhaps persistence - it often takes a long time to master any skill, many people will fall. However the first step is distinguishing games where you can gain a real advantage and not an illusion - like 3 card poker games that certain casinos like to push (which are engineered for the house to always win). |
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If anyone is thinking of buying shares of a hedge fund recommended to them by the banker, they had better think again. It appears that only 3 of the 12,000 hedge funds available have beaten the performance of the S&P 500 in 2021. I say it seems because I don't see any top quality sources to back it up. I first heard it on a YouTube video and doing a search I only see these two sources: Reddit: Only 3 hedge funds outperformed the S&P 500 in 2021Blog: A deep dive into NFTsIn any case, the news is in line with what we already knew some years ago. Very few hedge funds beat the S&P 500 index, and the longer the term, the less they beat it. Investopedia: From January 1994 to March 2021—through both bull and bear markets—the passive S&P 500 Index outperformed every major hedge fund strategy by over 2.5% in annualized return. There was even a famous bet by Warren Buffet on the subject, won by him: Buffett's Bet with the Hedge Funds: And the Winner Is …It is not worth paying high commissions to have a small chance of beating the index. If you buy the index directly you have a clear probability of more than 90% of having a higher return than the rest of the industry. A solid and timely start of year reminder that the majority of actively managed funds are terrible for your money when compared to passive index funds. Even when you have a very intelligent fund manager who is able to pick the right companies at the right times (extremely difficult to do) the way that the fees are setup will eat away at any potential benefits they give you. On top of that it is in their best interests to trade as much as possible to boost internal transaction fees which they also take a commission on. It's also worth knowing that the average fund manager stays in position for about 8 years, so even if they are successful in the short term, your money needs to be invested properly for a lifetime, passive is the only way to go. |
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TLDR: Bitcoin will reach is cap of 21 Mil. Miners will have to resort to transaction fees as incentive for mining. Bitcoin community will ultimately agree to raise Bitcoin cap and inflation will become normalized for Bitcoin. This will solve high transaction fee issue but will lead to a slippery slope.
Recently, I’ve been researching other block chains, particularly how they are able to reward miners and users. I came across Steemit, which is in the STEEM blockchain. Steemit is interesting because they reward users for posting and curating content that receive a lot of support (upvotes, comments, etc…). They are able to pay the users the participate by inflating their own token.
This got me thinking about Bitcoin and what will happen when Bitcoin inflates to its limit of 21 million. When it reaches its supply limit, miners will stop receiving block rewards for mining transaction blocks which is their main incentive for mining and keeping the validity of the blockchain. Instead of block rewards, miners will mostly rely on transaction fees.
This is when I believe we run into a problem. This is because historically humans have a strong distaste for fees especially with simple actions on the Internet. If we want Bitcoin to become a global currency that is used for primarily every transaction, having fees is an easy way to deter new people from adopting Bitcoin as their main currency.
I think instinctively, adopters of Bitcoin will immediately turn to raising Bitcoins supply cap (probably by 2x) to solve this issue. Which will decrease the value of Bitcoin in circulation, but will increase incentives for miners and increase transactions since there will be less or no fees. Ultimately, this creates a new precedent that the infrastructure of Bitcoin can be changed whenever a problem arises, especially in regards to inflation. Additionally, this puts us in a similar situation as the US Government as they make efforts to inflate their own fiat currency without seeing any issue with it. I believe this will be a slippery slope if this occurs and eventually Bitcoin’s principles that made it appealing in the first place will erode.
One solution to this problem will be to make the amount of power used to mine blocks significantly lower as that will incentivize miners to mine blocks with lowers transaction fees.
I would love to hear you guys opinion about this issue because we should be prepared for when this happens.
It's a double edged sword and the way you think that the max cap would be increased so flippantly shows a lack of understanding on your part. One of the foundations for Bitcoins success is the fact that for the last 13 years pretty much every participant has known that there will only ever be 21 million to exist. Now, it has flexibility to utilize more decimal places if necessary for functionality, but that doesn't require lifting the maximum available unit quantity. If in some unforeseen turn of events the developers hijacked the process and made more available somehow, then it will possibly destroy the trust that has been built into it over many year and devalue it to the point of worthlessness - it's not going to happen. |
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Hi,
Looking to deposit $15k to a trustworthy site, with best odds and bonus. Anyone have site(s) they would recommend?
I am looking to wager 1-3x of my deposit, no greater. I value speed of withdrawals. If it takes 24 hours or greater, to payout $10k+, I am not interested.
I was planning on depositing to LowVig, which is a fiat site that offers -105/-105 odds, no bonus, on all major markets. They pay out $10k+ in under an hour. Figured I would post here to see if there are any trustworthy books I am not familiar with.
Some extra details: I am US based, VPN accessible (if allowed and a site actually pays out), looking to bet on NFL/NHL/NBA/CBB.
I would consider FortuneJack, but had an issue with them years ago and they refused to honor a lossback of $1k they owed me, despite me being down $10k to them.
This seems like the setup for money laundering, where you make such an offer trying to entice casino owners and place bets at two locations with a small difference in pricing. One casino owner will win from the bet and the other will have to pay almost twice the amount back to you. That way you get cleaned money from a wallet that is either unique or scrambled with potentially thousands of transactions per day. I wonder if you are willing to submit to KYC or will this be a deal breaker for you? If you will submit to KYC then you might be legit, otherwise it just makes it even more suspicious. Trustworthiness goes two ways and there is something suspicious about anyone posting this sort of offer. |
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I don't know if I'd take these ideas seriously, especially from PayPal.
Assuming it's still owned by eBay, its probably just trying to get some demand on ebay stocks (since they just seem to fall relative to their profits).
Also, I don't know if anyone uses PayPal for any other reason than it being useful for not putting in card details when paying for stuff, if you instead have to bother to sign a transaction or do something fancier then why would anyone bother?
All this being said, a centralised organisation controlling a cryptocurrency might make it more forgiving from scams and accidental mistakes (eg sending to addresses spelt wrong).
Paypal is not still owned by eBay and hasn't been owned by eBay for over 5 years now. Paypal is actually heavy into Bitcoin already and has been allowing customers to buy crypto through it - actually works brilliantly for them because they get to have some control/leverage over the crypto market with minimal risk to themselves. Paypal of course charge their cut and don't allow any sort of customer control of the wallet, which minimizes any blockchain fees. This model is actually set to be much more efficient and environmentally friendly (layering wallet funds in a separate system controlled via database records) as long as they can adequately secure a master wallet. |
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I tried several times to play patiently,setting a daily,weekly and monthly bankroll and tried to stick to them if I lost (but not if I won) and that destroyed me.When I was winning the euphoria got the best out of me and I started increasing the bet or playing not so concentrated at what I was doing and soon enough I saw the bankroll at zero.
I am still trying different ways on how to have greater self control when winning but yet I am not able to do so.
That's the thing with gambling, even in a highly skilled game like poker. You can be the best player in the world, knowing all the odds and the correct pot odds bet for every scenario, but unless you have the patience then it can all be for nothing. It really does become like a job and one that you have to grind at every day, which can strip the whole element of fun or entertainment from it. At that point they're not even gambling any more, but making business like decisions and working with the correct bankroll is critical as well. Outside of skill based games you are literally burning your money in the long term, because they know that even a tantalizing win will just be spent on more gambling and the definitely profile players in this way. |
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Is this reasoning correct ?
After all bitcoin was designed as digital cash with the coins circulating from address to address which is also part of the security model as i understand it because it makes it even more pointless to search for hash collision on a public address as the coins are always moving and are not supposed to sit on an address for long period but move between single use address which also increase anonymity.
If this is correct it mean some kind of "silver thursday" at some point when hoarders make the price so high nobody really want to buy it anymore and it ends up loosing all value on the market.
Anyway bitcoin as a currency can function at any market price as long as it not null because it still needs to be mined so the price cant go to zero but it can function at 1$ if thats the global economic value as a commodity.
Bitcoin can be one of two things effectively, when it had low adoption levels it worked well as a currency because the market was so liquid and people were not intent on hoarding it. It's primary usage at that point was still open as a tool to exchange value, as the volatility was more stable and we saw very companies opening up to accept it slowly. As it has gotten much more popular it has morphed, or tipped the scales towards, becoming simply a commodity. Like gold, people are hoping that it will hold its value and slowly increase over time. It still has a very useful purpose of being a decentralized unit of exchange that is not subject to unnecessarily high or arbitrary fees, but that only works at higher amounts. It has much less purpose, due to fees and time taken to validate, as a more instantaneous exchange of value. |
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There is the case of increasing number of underaged gamblers, will you still teach your little kids to gamble?
The answer will be "no" for most users, but truth is that in reality, most parents who gamble teach their kids indirectly to gamble without knowing, how?
for Sports betting - You indirectly teach your kids to gamble when you leave open your online betting slips, and drop carelessly within the reach of the underaged your offline slip if you didn't bet online. Kids are very inquisitive and take cue from their parents and guardians easily.
You indirectly teach the underaged to gamble when you speak freely and excitedly about how you their parent or guardian placed some bets, visited a casino to have some fun and so on. (be careful what you say around the underaged, they learn quickly especially from someone they look up to.
You also contribute to the increasing cases of gambling when you hide answers about gambling from the underaged when asked. If your kids or any underaged around you becomes too curious about gambling, educate them and let them know the perils of underaged gambling and why it is for adults, answer their questions and clear their doubts, so they don't go find out about gambling themselves.
kindly bring to our notice other ways user's have unknowingly contributed to the increasing number of underaged gambling, so we can take corrections and make amends where necessary.
There was a study done recently where it said children of smokers are much more likely to become smokers and it's unlikely to all be chemical dependency related. It's definitely a sad side affect of peoples addictions and shows how selfish such addictions can really be. It's one thing to destroy your own future, if you take it to the extremes, but when you have children you need to really try to set a higher standard. If you're a sensible gambler and are able to teach your children about it the proper way it might have some benefits (such as teaching them they will never win long term but it can be fun in small doses), but that level of self control is rare. Problem gamblers can also tend to have other traits like poor money management or even lying, which combined altogether can be even more disastrous. |
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The world of investing has long been accused of being a male-dominated “old-boys club”. Women in this environment frequently complain that they are frozen out, treated badly or have to work harder than men to make good.
So you would have thought that the 21st century’s developing fetch scene might have leveled the playing field between the sexes. However, evidence suggests the rush to online finance platforms and investments has done nothing to boost equality.
Instead, the digitally driven world of artificial intelligence, Bitcoin and blockchain is as sexually unbalanced as the banking, property and commodity markets industries that preceded it. Tech industries are inherently male-dominated for reasons that include boys being introduced to gadgets at a younger age, leading to just 16% of computer science undergraduates being female.
Bitcoin and cryptocurrencies first became popular in the geekiest parts of the tech and finance industries, both male-dominated. The early word was spread mainly on Reedit and forums for discussing video games.
In the recent past the world of finance has been dominated by men and a majority are still in most senior positions if we're honest. Women should definitely be more prominent at the top of companies, I'm usually against any sort of enforced quotas of any other kind, but a male / female divide definitely brings a powerful perspective to any business that embraces it. You also cannot forget that women have often been paid lower in the past and the movement to equalize pay is still a rather new influence, which is working out slowly. On top of that women have traditionally taken the role of childcare provider and naturally need time off during pregnancy, this tends to put them at a disadvantage and as a society you need to strive to counterbalance all these things. It's nice to see the world is slowly moving in this direction though. |
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We always read the words "Don't bet more than you can afford to lose", but are we really following that safe principle in gambling?
So, I have a question here, if you are earning like $2000 a month, how much are you willing to gamble that you think you can afford to lose?
Please use the amount as a basis for your answer.
If I needed that 2k a month for expenses, bills, mortage or rent and car payments? I wouldn’t use any of it for gambling. Not sports, not poker, nothing... Here’s the thing, if you want to take gambling, sports betting or poker more seriously then you should have a separate bankroll for all your gambling stuff and have at least 6 months worth of savings for monthly expenses. But if you’re just gambling for fun... Just use a 50 bucks at most per weekend, split them 5 ways per bet in different events you enjoy... Better yet, just bet them on degen parlays. A full card parlay in a UFC event could win you 60k for a 10 dollar bet if it hits. Lol. It's a shame to see but you cover a few good points, most casinos target the lowest income earners in society and they often times fail to comprehend the simple mathematical odds that will work against them in the long run. For every 100 people betting, 99 will lose but one might bounce above break even or even strike a reasonable win, but ultimately they surrender that money back to the house in a never ending carousel ride. If you want the thrill of winning big, you'd be better off just playing the lottery once or twice a month where the odds are still hugely stacked against you but their is an ever so tiny possibility that you'd at least win a life changing sum of money - instead of a few hundred, maybe thousand, which won't change much. |
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Do you still think we can get inflation at 2% levels in the medium term with the continuation of the current policies or will we need to press the brakes hard?
Is 5% peak inflation, or will we see inflation at more than 10%?
It was not too long that the Eurozone and nearby countries were discussing how negative inflation would be a terrible thing, resulting in stagnation like we saw in Japan in recent decades. Inflation can be accommodated but there is every possibility that it is transitionary as so many central banks like to call it. The world has been turned upside down through the pandemic of the last two years, we saw oil prices go negative - meaning producers were paying people to take it because there was no storage capacity left. We also saw factories and industry close down, then suddenly have to ramp up again a few months later with a whole heap of people with savings and wanting to spend. 5% would actually be a rather good thing if it was able to keep that low and shows that the Eurozone is rather privileged with that degree of stability. |
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Honestly, I'm not a VIP of any gambling sites I'm playing but every casino has perks and premium giveaways for their VIP, if I'm going to target one or two casinos for me to become a VIP what casinos will they be, named at least two casinos and your reasons.
VIP status often just means one thing: you're a high spender which inevitably means you are a big money maker (for the casino). While some casinos might lure you in with bonuses for play, you have to keep them simply as that - a bonus and totally irrelevant to bets you would normally place. Any perks you think that you might get from the casino for reaching such a status are simply unlocked because you have generated a certain amount of profit for them. Thinking they will treat you extra special purely out of the kindness of their hearts is foolish, that is why it is so often associated with money spent, where they know the odds and can give you some "cashback" as it were. |
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We think that only whales and instutions will stay play with btc as its boring.
No innovation no moves i mean price moves.
Retail trader not here for stability we are here for huge gains if btc dont give that im sure many people will leave btc and even eth.
Those who got a lot money can wait 5 years and can speak about blockchain development and how nice it will be we the retail traders are here only to see moves.
Right now even if btc will make moves 20% up or down...its really nothing.
If anything can give us 100%-10000% price volatility then im sure grayscale whales and wall street will stay alone with their bitcoins.
And if the grayscale and wall street instutions like CME and those kind of white collars dont put the efforts in then im sure retail will find something better to play with.
It's very ironic when people get stuck in a paradox of wanting Bitcoin to be successful and also want high volatility. When people say they want volatility in this context, it seems they just want the price to keep moving up so they get richer, but it's not necessarily good for the longer term existence of cryptocurrency. A stable currency is useful, it allows people to understand item pricing and they can make easy comparisons day to day. If a currency is swinging 10% up or down all the time then you lose the ability to quickly gauge the value of what you're buying - you essentially go back to comparing it against a fiat currency equivalent, which just adds more layers and slows down the whole buying process. |
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Why not both? Honestly, I don't think online would die out even if the lockdown experience was to be completely removed. It just opened up a whole new idea for most players that they can well, gamble in their homes. Same could be said with offline, even if online exists I hardly doubt it would actually die out, they both have their own characteristics and both would have their own niche market. VR, if it is actually implemented properly, would take both characteristics into one, though that's still far off imo since replicating all senses in VR would still take time.
Both online and offline look like a booming business right now. However you'd think that, especially with the Covid situation, it has proved that many more people are able to work from home. That brings up a lot of opportunities for online businesses to capture new customers. On a different note, I expect we'll start to see a lot more electric-driven sports going on in future, which will feed into sports books. Eventually the combustion engine will be a thing of the past, it's going to be quiet eery watching E1 racing in near silence. I expect we'll also start to see more drone driven experiences, there are already competitions going on involving all kinds of drone racing and they will capture bigger audiences in future - it is a highly skilled game. |
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How i can make or win bitcoins by selling or doing specifics things in a Video game? i want to know what games and the metods to do this possible  Like with anything, if it was easy to make money in this way then lots of people would jump at the chance to do it and the amount you could make would fall. Unless you're going to go the full stretch to become a streamer or video creator - which means a lot of hours playing games and building your fan base, then there are few magic tricks to making money in this. You might be able to pick up the odd skins or special promotions that are possible to resell in certain marketplaces, but again, it requires a lot of time in a game to realize these things. You're best off finding a game you like, play it for a while and think of original ways to monetize it. Nobody is going to hand you a silver platter of money, because it means that they would lose that revenue stream in future. |
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