So Thriller hosted a "Boxing vs MMA" event which "merged" rules. However, anyone with half a brain can see how it's clearly rigged in favor of boxing. Most of MMA boxing isn't even allowed like spinning backfists. From a gambling perspective, I bet on team Boxing since... well it's just boxing in a tringle. But even through all this BS the MMA team still won 14-11. What should I take into consideration when betting on future events? Does the triangle shape matter that much?
As most other people have pointed out, this triangle shape severely limits movement compared to a square ring - so a boxer who moves around a lot will be at a severe disadvantage. MMA fighters who move in quick and are happy to engage in grappling will be able to lock on to their opponent more quickly. It seems slightly boring and not as entertaining as other more square or circular shape rings really, I cannot see it taking off in the long term with boxers most likely avoiding it. Definitely worth a test but just the top down view has an unappealing vibe to it, this one is definitely going to be resigned to "special" matches or maybe just used by specific close combat sports that are not boxing. |
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Hello all,
Some background. My project involves a deep dive into the economics of insurance. And suggest answers (=a whole new mechanism)...
What could be truly disrupted in the insurance industry?
Would a DAO be the solution?
What is your view of the insurance industry )agents, brokers, various middlemen, insurance companies, reinsurance companies, regulators)?
We all know they are super slow. Slow to pay claims. Slow to embrace technology. Slow for everything.
But do you trust the industry? It would nice if you provide the context such as "I have a life insurance policy"
Who do you trust? Why? If a DAO was well organized, funded, and solid would you trust them more than an insurance company?
Have you ever thought about where the money comes from? Would you be interested in being part of a group of backers (= providing a form of insurance).
Don't forget that a high level insurance is just a gamble. Lloyds in London is famous for that. Based on limited information they will say whether they will insure your project (oils rig, terrorist attack, or the fingers of a famous pianist) and at what price. They may impose restrictions as well: for example ships can't go in certain geographic areas (example offshore of Somalia).
Would you prefer to deal with an adjuster and a bunch of experts or would you prefer a simple smart contract?
I would really appreciate feedback from the group. Thank you,
You should really narrow down your conversation because it is far too vague and open. Of course insurance is a good idea, the only people who don't need insurance are people who could cover the costs of a catastrophe without it affecting them too much. In a hypothetical situation, if you're a millionaire and own a piece of Jewelry that costs $1 million but $100k each year to insure - then you might not bother with such a cost on the small chance something happens to it you can just replace it. If you're an average person and don't insure your house in event of a fire, you could lose everything that you've been working for your whole life. Most of the stuff you mention like reinsurance and regulators are totally irrelevant to the interaction that an average consumer will have. |
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Lots of users from this forum have come up with one complaint or the other on how their deposits were withheld by gambling sites after going on self-exclusions, but I confusion why should a user go ahead to make deposits or request for withdrawal after accounts are banned or are its part of the rules of gambling sites to allow for withdrawal from ban account.
In this situation who is to blame the gambling site or the player?
It can be hard to understand if you've never had experience with an addiction before, the powerful grasp it can have over you and the tricks that it will play on your mind. It can be all consuming and drive how you live your life day to day. When you are in that state it can be a case of chasing the next fix, much like powerful drug addictions, because it restructures you brain in order to want the dopamine rush from that activity. That is why self exclusion tools can be a great help to a gambler and should be offered (in an effective way, like 6 months non-reversible minimum time limit) by every casino or sportsbook. It's all about breaking the habit short term so you can learn how to live normally and responsibly yet again because often times people can get attached to one particular site - so blocking access to it can help regain control. |
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Much has been said about the US dollar being the world's reserve currency. "Coordinated delinking from major currencies" like the US dollar could be worthwhile measures to insulate global financial systems from inflation and attacks on any single nation's financial and economic sectors.
It could be considered the type of proactive meausres necessary to contain the 2008 economic crisis.
It's good to see them being proactive about these things, as the world is ever changing and new threats to stability are emerging all the time. The Russian and Chinese governments are acting more erratic lately for different reasons, so the threat of cyber attacks from such countries could increase if they feel threatened. I think the factor you highlight about "delinking from major currencies" is nothing to do with cryptocurrency and more the fact that these two big countries do not want to use the US dollar as a reserve currency any more because it gives the US a lot of power, plus they naturally want their own currency to be more successful. We little people can only hope that such reviews are conducted regularly for the benefit of everyone around the world. |
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As the festivities get high in spirit a lot of players are now taking part in different games in my neighborhood I saw some individuals playing different games with animals from horse to bull and even cow racing all over the street and I stop to wonder if this kind of game healthy for those animals some people think that using animals for such games is being harsh on the animal well being.
As long as the animals are being cared for properly then it seems ok. Horse racing and greyhound racing are pretty big worldwide with most sportbooks taking bets on them. They often attain rather prestigious status in fact and can be treated to the best lives out of any of their species if they're "thoroughbred". They often go on to retire and take part in breeding programs, it seems like a pure life of luxury in some cases. However distinction needs to be made that animals should not be involved in any blood sports, you speak about cows and bulls racing which might be kind of comical in comparison. However there are some rather barbaric sports out there still that need to be stamped out - like cockfighting. |
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As per an article published on yahoo Finance, Mr. Robert Kiyosaki, who is famous for his book series known as "Rich dad poor dad", has issued a warning that a market crash and economic crisis is incoming. Read it here: https://finance.yahoo.com/news/rich-dad-poor-dad-author-115446211.html?Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin. Do you think that a market crash similar to 2008 is indeed coming? If yes, then why? What are the indicators your follow to predict the market in general? Let's assume the crash is indeed coming then how would you like to prepare against it? Let's discuss! You don't need to be a genius to tell a crash is coming. A recession happens on average every 8 years, with short term dips every 3 years. It is the natural boom and bust of a capitalistic society, it has been going on for many decades now. Covid has thrown a lot of things out of whack so may be a disruption to the big boom that was happening, a lot of people have lost jobs but a lot of people were stuck in a position where they could save money which brought debt down. Boom cycles usually end when debt gets too high and turns to bust, but it just depends if more people were able to pay off debts than get into debt with the current pandemic going on. That might alleviate the current primer for a recession. The next recession is likely to be triggered by high inflation unless it gets under control, all those people on mortgages at 1-2% are going to lose their home when they cannot afford to remortgage at 6%+ in 5 years time - overpay as much of your mortgage as possible at these low rates people. |
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I will be taking this one-week bankroll challenge from now on. Let's see how much money I can make out of it playing poker for the whole week. I will be playing on two Indian poker platforms (no need to mention the name as I am not promoting them). Both run freerolls worth 15$ -30$ frequently throughout the day.
Below is the screenshot of my initial balance.
AFTER DAY 1 session 2 BANKROLL = 605 INR
So after winning freeroll I decided to play cash games and sat down at 3 tables with max buy-in (50 INR) blinds were 0.5/1. I played exploitatively and trappy. This session can be summarized as me trapping a big fish with almost 500 bb starting stack. As I have only 4 buy initially I played super tight and waited for a strong hand with fish. I managed to trap him for almost 373 bb pot but he hits his lucky turn and I lost all which I grinded. But I bought in again and started grinding again and slowly building my stack again. Then again I trapped him but guess what he again got lucky for a 300 bb pot. At this moment I felt so tilted but somehow controlled myself and bought again for 50 bb. I knew that I am playing good and it is just a matter of time that he will hand me over his entire stack. So I keep playing and after some time I trapped him again and this time he could not get lucky and I won 251 bb pot. I knew now he will play more aggressively and I have to just wait for strong holdings which happened soon and he lost 451 bb and 134bb pot after that he was completely tilted and got busted soon. Below are the screenshots of hands against him;
While I congratulate you on trying to produce content for the community here, it seems like this is doomed from the very beginning. Most amateurs have a very hard time learning poker - first because the house is taking a cut of every hand and second because you are swimming with sharks. The majority of people you'll play against on poker rooms are hardcore skilled grinders and the best of them have the ability to multi-table effectively. If you stand a chance against them you first need to play at a certain basic level and secondly you need a bank roll that can tolerate variances. Most of us have swings in play with a few bad losses, but if you've wiped out 2/3 of your initial deposit on the first day then it seems like you're setup for failure. Maybe take your remaining money and run. Your initial bankroll needs to be 50-100x the buy in of whatever tables you're playing. |
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https://www.cnbc.com/2021/12/17/european-stocks-set-to-pull-back-as-omicron-concerns-persist.htmlQueto: "European stocks close lower as omicron, inflation worries weigh on sentiment" This is now example that to be journalist you dont need to write things what making sense. How the hell they can write even that kind of thing ?? If there is inflation it means supply of money is higher and assets are less supply even every f..7 year old kids will know that inflation makes prices of the assets going higher. How can you even say something like this ...this proofes once again the knowledge and proper things are really not needed. And those investors....who have worries about inflation they think stock will go lower ....if they have that fear they shouldnt be investing anywhere if they cant even undetstood simple things about how it all works. Would be funny to read if there will be low supply of money lol...and deflation they will ouuu...stocks will go higher now. Im sure this place about finances and money one of the cnbc workers or other wall street shills will read my topic shame on them. We all have just one question now: Are they write on publick website this kind of funny nonsense on purpose or they really have no clue about how the fundamentals of the markets works. Merits for good one tnx brothers and sisters It's the height of irony you chastising a journalist for not making sense when your trail of conversation jumps all over the place. If you dislike CNBC so much, why are you even reading it then? There are plenty of other news sources out there. Not everyone has economics knowledge or interest in how the business environment runs, so these snippets of information might be useful to some. Here you are telling investors that if they think stocks will go lower then they shouldn't buy, which is the same level of pointless explanation you're accusing the journalist of performing. In general though, they have article quotas to meet and are happy churning out some low level content because that is their job. Get over it and seek high quality information if you want it. |
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I have advised stake that i have a gambling problem in the past they have a 24 hour cooling period so if you self exclude you can
bring yourself back into the game. So for that reason on October 20st i asked eddie personally on telegram as he was my vip to ban me. Then on october 21st
Eddie says i am permanently banned self excluded. Then next week it did not become the case i was let in able to deposit and play and lose $$$. All i am asking is to return my 2 last deposit made on my account this is not my fault you guys. One of the reason why i wanted him to ban me because i was close to being a platinum and that was a reason for me to gamble away.
( i have attached pictures as well as a post i made almost 2 years ago regarding same issue at askgamblers.com looks like they haven't improved at all)
While it sounds like Stake are not fulfilling a basic requirement for a responsible gambling operation - allowing a player to opt-out and self exclude we have to be careful jumping to conclusions. Sometimes casino operations allow you to opt-out but then, through a few steps usually involving a manual conversation, reactivate your account (which completely defeats the purpose, they should be time limited with no workarounds). However every good casino I've used this on will ban me altogether for a certain time period if requesting to self exclude. There is an element of personal responsibility that seems to be lacking here however, because you had enough willpower to self exclude but could not control your urges enough to stop depositing more. It seems like both sides are at fault and while you should be restricted, I cannot see you getting any losses back unless you're willing to waste money going the legal route. Sadly self exclude features are often short in the cryptocurrency world because the casinos want to milk players with poor self control. |
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Today is the third day of the New Economy Forum and the speakers for today include Hillary Clinton and Tony Blair. For her part, Clinton made mention of cryptocurrency. She urged that nation states should start paying attention to its rise. I don't know how much the former US presidential candidate and secretary of state knows about cryptocurrency but she is definitely briefed about it. For better or for worse, she interprets crypto-- perhaps she actually meant Bitcoin more than crypto-- as having the potential for undermining not just other less powerful fiat currencies but also the USD itself as the reserve currency. This to me is a sign that the old order has now been seriously shaken to the core. And rather than opposing that which seriously disrupts the old system, something which they cannot stop, it might actually serve them better if they just embrace and exploit it. If the USD is now being threatened and the threat is more or less unstoppable primarily because of its decentralized system, it might be prudent to just welcome the threat and make use of it. What do you think? Will the USD face its eventual demise as a reserve currency due to its own weaknesses and the threat of other growing competitor currencies? Or could it be revived and even made stronger by the adoption of Bitcoin as a potential reserve currency in the future?
Source: 1. https://www.youtube.com/watch?v=OuNhMuEGk0MLots of people seem delusioned to think that Bitcoin is capable of replacing the US dollar. There is potential for a cryptocurrency to do so, don't get be wrong, but it is never going to be Bitcoin. Bitcoin is too limited by the cap of 21 million total available to be mined - a chunk of which have already been lost due to all sorts of mistakes and accidents. That leaves a tiny amount to process the billions worth of transactions which take place each day. The blockchain is quite powerful and can serve excellent ledger purposes, but the current form that Bitcoin uses is very comparatively wasteful energy-wise so it would be bad for the planet if it was even attempted. You say for better or worse - there is such a thing as "no publicity is bad publicity" but let's be clear Hillary and Blair do not endorse anything near the scale you mention. |
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This is just my opinion and not an official rating so don't take it as advice, the year 2021 was filled with lots of exciting games and tournaments most of the gambling platforms on the forum use that opportunity to build the reputation and presence in the forum so I thought we could gather here to discuss them. Give your rating of the site of your choice and point out reasons why you giving such a rating. I may decide to make this a poll in the future.
What rating? You never gave an opinion on any of the many casinos or sportsbooks that advertise here.. I quite enjoy betting with Sportsbet.io and think they're probably the biggest sportsbook in crypto right now. They offer some fantastic free bet opportunities and have special promos going on every month. The odds are solid and comparable to any you'd find at a big fiat currency sportsbook so they're a great option if you like placing bets with Bitcoin. Besides that, I'd give a shout out to Rollbit who are relatively new to the sector, but are building a solid reputation and have a big bankroll to back them up - I also see very few complaints about them too. |
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Slightly tells me that I know bitcoin from this forum around June 2017,
But I haven't kept up with the crypto world for a long time due to my busy business and boredom with the price of BTC in 2019.
So I almost forgot all my assets until there was one. the thing I think is my stupidity, I omitted my Trezor which still contained around 9 ETH at the time I bought ETH around $ 700 in mid 2018, and ETH keeps dropping so I ignore it.
Long story short I want to start from scratch I want to ask the seniors who are here.
I want to start trading again. Could you please give me some advice so that I don't go through things like a few years ago.
It depends what you want from this - If you're expecting to multiply your money by 10 times, then buying Bitcoin at this level for example would be unrealistic - it would require trillions more to be invested by other people to reach such a level. However if you're able to find cutting edge new coins that have a unique selling point advantage over anything else on the market, or go the "meme coin" route trying to chase whatever is being hyped (for short term wins) then it might be possible to multiply your money substantially. However you need to be prepared to lose it all with these strategy, because if you're a winner then chances are someone else will be a loser in this game. |
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F*ckin hell, this debate is still going  Beautiful girls advertising/endorsing beauty products is also immoral since they are beautiful since birth and not because of the products. Nothing 100% honest in the advertisement, and everyone knows streamer is just an entertainer, not a pro gambler. There is a line in which we can or cannot act since it's in the grey area. Altcoin shill, NFT shill, Play2Earn shill, sponsored slot streamer, even Bitcoin shill is in the same category. I don't encourage the practice, but it's just how the world works. As to your first comment, it ties in with the infamous "sex sells" advertising idea but that doesn't make it immoral. The only wider and long term solution to defeat this sort of advertising campaign is much more critical thinking being taught in schools from an early age. People need to be able to identify and distinguish the purpose behind what they're seeing. Outside of television shows or movies, almost everything is being driven by money in the form of a product or service. Having a good understanding of finances and trying to avoid a consumerist driven lifestyle can also limit the influence of this type of advertising, because it is often aiming to target the most impulsive viewers. |
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It has been 3 months since El Salvador made history by making Bitcoin legal tender in their country, alongside the USD(September 7th, 2021). The world has reacted in different ways. For example, the International Monetary Fund (IMF) has recommended El Salvador to not use Bitcoin as a legal tender: "Given bitcoin’s high price volatility, its use as a legal tender entails significant risks to consumer protection, financial integrity, and financial stability. Its use also gives rise to fiscal contingent liabilities. Because of those risks, bitcoin should not be used as a legal tender." Other countries are starting to think about making the same move that El Salvador just did, such as Paraguay, and many others. The main motivations behind this are high fees of remittances, increasing inflation, and not having access to traditional banks. After reading a bit more in detail about the actual situation in each country I realized some countries are not really putting any actual laws into parliament, others are considering using different cryptos, etc. I think Tonga is probably the closest to actually achieve Bitcoin as a legal tender: "Tonga’s Parliamentary Representative Wants Bitcoin To Become Legal Tender"People in this small island use Western Union for remittances, and they have to pay up to 30% in fees. Making Bitcoin legal tender, alongside the Tongan Pa’anga, would immediately help people save a lot in money transfers. MP Lord Fusitu’a will be presenting a Bitcoin bill, similar to the one from El Salvador, to the Parliament of the Kingdom of Tonga by May 2022. We will have to wait and see if it passes. People need to be very careful about the underlying reasons that drive this sort of activity. While it has a commendable undertone - he claims western union costs 30-50% in fees (this seems ridiculously high?) I just wonder what their banking companies are charging to make Western Union the money exchanger of choice? Do they not have a single commercial bank that can offer much more favorable rates? It would seem like a much easier and straight forward action to get the government to force the rates of these companies down to a much fairer level rather than forcing companies to accept a whole new currency. I always wonder how financially invested these particular MP's are in Bitcoin when they start going this route, because it could help make them very rich if it boosts the price a little. |
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Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?
In simple terms, no. But you could say that about any currency these days because the "gold standard" was dropped decades ago and it was quite a big failure because the real gold supply didn't give governments enough flexibility. The price that Bitcoin is trading at in any given point in time is the collective evaluation of it's worth - if lots of people go to sell, the price drops until it hits the floor of buyers who will sustain it at a certain level. It's got less interference from central banks to worry about in comparison with a fiat currency, but the value of it can be shattered at any moment through regulations put into place that could effect cryptocurrency owners in certain jurisdictions (i.e. Europe and North America). I remember just a rumor that regulators in the USA were considering action dropping the price substantially and that was driven by a single tweet. |
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Dear fellow users, Let me explain the situation im in with Stake.com, I am a recovering gambling addict with an account at Stake due to problem gambling. This account has been closed for a long time and they still kept spamming me with promotional and bonus emails, even though they were fully aware of my problems. I have contacted live support and the legal department, and they have admitted their was a error in their database allowing to send promotional emails to problem gamblers, they have let me know they have fixed it after my messages.  Unfortunately Stake is not taking any responsibility regarding my issue and will blame me for their mistakes. I hope there is someone noticing the pain Stake is causing to some of the problem gamblers out there, and I still hope Stake will solve this issue with me. While it is really distasteful and underhanded for them to continue to send you promotional emails you need to learn how to set up automated rules for your inbox. Almost every email service provider these days offers the ability to do this, learn how it works with your provider and you can instantly remove all trace of any emails coming in from stake.com. That way you'll never see them and can avoid being triggered to gamble. You're seriously wasting your time complaining to most of these gambling sites, even the bigger operations, because they reside in jurisdictions or have licenses in places that have little ability to enforce any damaging measures. Filter them and move on. |
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If you keep up with world news, you know there are some serious tensions between Russia and Ukraine.
Russia has shown several acts of aggression towards the people of Ukraine. Most notably the cyberattacks on Ukraine's power grid. Many think this was just a "practice run" aimed at perfecting these kinds of attacks for when they want to do some real damage.
In response to Russia's more recent actions, the United States proposed cutting Russia off from the SWIFT banking system should they mount any type of invasion on Ukraine. This would be detrimental to Russian businesses and consumers alike.
Assuming Russia has no intentions of invading Ukraine, there isn't really much to talk about. But what happens if they do?
Would it be political suicide? Would they develop their own banking/payment system? Would they look to an open-source monetary network?
I can't see Russia putting itself in a position to collapse its own economy. However, I also can't see Russia not harassing Ukraine.
Would our decentralized ledger be able to aid Russia in the event they are unable to use SWIFT?
It seems like Putin is on the war path and this might be the only thing that could disrupt his plans short term. He has given an unacceptable list of demands which is, as usual, trying to impose Russia's will on independent countries that are free to decide their own future. Maybe if the Russian leadership were not constantly trying to bully everyone and the whole country was not mired in corruption of the political elite then it might have a more rounded economy. Every step he takes is for his own selfish gains and the average Russian loses out as it becomes more disconnected from the world. Let's hope the threat of financial isolation is enough to stop this warmonger of a leader, because the Russians and Ukrainians could easily be friends by choice without such aggression. Putin and Xi Jinping are truly leading the world into WW3, when will people ever learn. Bitcoin is really insignificant as a payment model for a country of that size and if that became a workaround it would be banned by EU/USA in response - thereby wiping out huge amounts of money stored in it, so be careful what you wish for. |
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I wish to share my story
While I played with all my money
I risked more than I could loose
My eyes suddenly saw my doom
I lost my mind, my eyes wall full
I had nothing left no one stood
How do I face this, my struggle has zoomed
I pondered on this but my emotion was fused
Take me home was all I could Muter
When I got home I went in search of peter
This was my childhood friend, who acted like a brother
I had enough confidence I felt I was out to gather
I felt a warm wrap on my shoulder
I understand u have lost, but u have to be stronger
You have to forget the loss, the fun is sweeter
With this words gradually I began to feel better
While I'm not a big fan of whatever attempt at poetry that may be, there is certainly a big truth in the title of the thread. However, it's better to learn self control and bankroll management rather than simply blowing out in one session. Blowing out and having to reload is inevitable when you play zero skill games like slots, however if you play a skilled game like poker then it is possible to control your losses. It requires a strong will but if you have a bank roll equal to 25 buy-ins (say $250 and playing tables of $10 max) then you should probably stop the session if you manage to lose 3 buy-ins totaling $30 in short succession - because you're probably tilted and need a break to re-evaluate. |
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This what poor people need:
Is poor people fund managets who grow up their capital and reinvest this money for example in IPO on stock market and creating crypto projects to be listed later on exchangers 10x profit at least.
Also fund manager can use this capital to pump up the markets but first b4 pump the poor investors will know first.
It need be some mutual funds trust kind of thing also with insurance as rich bastards have.
All you need to do is copy paste the rich bastards and poor people get same results.
Also need teamwork and wealthy mindset but here is problem if u not with networking making connections and doing ur finances the way how it should be then u cant get wealthy.
So this one is suitable for ghetto people come together invest ur dope money in markets get few good traders and fund managers usually they have good inside info btw anyone who have learned about finances and corporate investment have some pretty decent inside info.
If u guys need more directions how to organize this proper way then ask.
Its time wake up and doing wealth without crime or working bs jobs such us construction or mc donalds.
Time imvest and manage ur wealth proper ways
While there is some truth in the idea of copying what rich people do to reap the same rewards, it is often extremely difficult to start at such a low level. People starting out with very little money usually have minimal spare capacity to invest each month and it can very much feel like a futile effort. The internet is a great aid and equalizer but you must learn to maximize it to your advantage. You need to always be learning how to avoid fees when investing, especially if you only have a little bit of money to start and beware the many pitfalls (like overpaying for a fund). It's great if you learn the patience to save (and invest) a little each month, but there are sharks in the financial world who will be trying to take advantage of you and earn from your investments at every turn. It requires a lot of research and constant learning - plus swapping brokers until you find the right fit. |
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Maybe it's asked before, still, it will help us a lot.
Why do you gamble?
Why do you do not invest that money instead?
Why you do not donate them?
Because you are bored?
Because you are looking for entertainment?
Because you are going after the big score?
Why?
The only gambling I do is on the lottery, which has such poor chances but such a high payout it at least lets me dream of the possibilities for a few nights each month. It's really low cost and the trade off of getting the hope that you might wake up to a life altering amount of money is enough to fulfill my gambling needs. I'm not too interesting in placing small bets with the potential to convert $10 into $20 or even $100 - because the risk to reward is simply too low. By placing money on a lottery at a relatively low price, it meets that small urge to place a little bet occasionally and keeps it very manageable - other than that my money definitely does go into stock market investments and funds. |
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