The logic behind is gambling owners are making money from the pocket of the gamblers, maybe you can win some but not always, and like what you just mentioned, better to find other ways to earn profits instead of taking this route and risk your capital, the chance of succeeding is too slim compared to the chance of busting out all your money.
In some ways, you might win and enjoy that winning streak, but when the time that your appetite in aiming to earn more conquer your mindset, that will be the beginning of worse thing to happen to you.
We can win some money but still can't beat the amount of money that the casino will get. We can imagine if 100 gamblers lose in a day and they use a lot of money to gamble. We can see how much money the casino will get. Meanwhile, we don't have a great chance to always win at gambling. So instead of taking the risk of losing a lot, we should reduce the amount of money and the length of time we gamble, and we also have to know when to stop to prevent big losses. |
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^^
Not reading the ToS is not an excuse.
It doesn't matter why you didn't read the ToS of the service, but if you are going to be punished then you should assume it. The terms where there in front if you and you signed with the service and acknowledged that you agree with its terms.
If they find you guilty of breaching those terms then there isn't much anyone can do. You are at fault here and you should assume your responsibilities.
yes, if the ToS is approved at the beginning we create an account on the gambling platform, then it will be our fault if we violate the conditions we have agreed to. but if there is a ToS change and the platform does not make a notification on the web or their social media. then of course it needs to be questioned. because usually an exchange platform also makes a notification if there is a change in their terms. or any application usually sends emails regarding changes to some conditions. and if we still don't read it, of course, it will be our fault. Gamblers often underestimate this by not reading notification emails or when they enter the casino because usually, there must be a small or big window notifying them of the change. And if they weren't alert or didn't understand, they would just close the window and go straight to the game. But some casinos only notify of changes in email so many don't check their email because they go straight to the casino site. And it can keep them from knowing if there is a change in the rules. A player always has many things that he can achieve , among which he must be very Careful because if the players change and they do not realize it, it is likely that when they go to make withdrawals or do other types of contests, they will be taken by surprise Sometimes one when I play is not aware of the announcements they make, Because we only concentrate on playing, that is a classic, then surprises come, that is something very Common , I am not one to be Aware , but now that this Thread they talk about so Many things is a very good way to take care of my Interests. If they never want to check the rules, they can miss the information if there is a change in the rules, and they can have difficulties when they want to withdraw the money. Even though we don't chase victory either, we also have to check the rules regularly to adjust properly because if we are lucky, we can win a lot of money. And if we don't check the rules before playing and it turns out that we win a lot of money, that can make us have to do something to be able to withdraw the winning money. So there's nothing wrong if we check the rules so we won't be disappointed later. |
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^^
Not reading the ToS is not an excuse.
It doesn't matter why you didn't read the ToS of the service, but if you are going to be punished then you should assume it. The terms where there in front if you and you signed with the service and acknowledged that you agree with its terms.
If they find you guilty of breaching those terms then there isn't much anyone can do. You are at fault here and you should assume your responsibilities.
yes, if the ToS is approved at the beginning we create an account on the gambling platform, then it will be our fault if we violate the conditions we have agreed to. but if there is a ToS change and the platform does not make a notification on the web or their social media. then of course it needs to be questioned. because usually an exchange platform also makes a notification if there is a change in their terms. or any application usually sends emails regarding changes to some conditions. and if we still don't read it, of course, it will be our fault. Gamblers often underestimate this by not reading notification emails or when they enter the casino because usually, there must be a small or big window notifying them of the change. And if they weren't alert or didn't understand, they would just close the window and go straight to the game. But some casinos only notify of changes in email so many don't check their email because they go straight to the casino site. And it can keep them from knowing if there is a change in the rules. |
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Stereotypically, gender is also cited as one of the reasons why people like to gamble. One of the research findings shows that women tend to prefer percentage-odds-based games and men tend to prefer skill-based games.
I think I agree with the research because most women that I know that gambles are interested in percentage odds games. They always feel they can win because they're lucky and sometimes it favors them and they win but other times it doesn't go in their favor but still they love chance games. While the guys prefer to let their skills and the knowledge they have about the sport help them win the bets and I believe that's why many men are into sport betting because they have a higher percentage of winning since they understand the game very well and know who might win. The percentage of woman betting on sport games are small instead they're interested in games like slots that everyone has the same percentage or chance of winning like because you don't need skills to win this type of gamble but some women still like sport betting. Men may feel they know more about sports, so they choose sports betting when gambling. But some play gambling games based on luck rather than sports betting because they think they can win it. But some women also like sports betting because there are women who love football to the point of knowing the players of each team by heart, and that's rare. But that percentage is just a number that will surely change as the popularity of gambling grows so that it will attract more women to gamble in secret. |
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But I don't think AI technology has yet reached that stage and is still being developed, so we are still looking for more information or there is already technology that can provide accurate predictions about matches. Indeed, using AI can provide a higher percentage because calculations from AI can be more accurate than we do, but we should not make decisions based solely on information from AI. But if we talk about the luck we can get, AI is having trouble knowing when that luck is coming.
Casinos most likely have it, or at least their odds providers do so, after all with the huge amount of events and bets they offer it is impossible this is calculated by humans so some sort of AI must be able to do this, which is why some professional gamblers have noticed that is getting harder and harder to beat the casinos as the algorithms behind their AI is improving every single day. Still if at some point that technology fell on the hands of gamblers they could fight fire with fire and find more easily odds in which the AI could have made a mistake. Casinos will also have it in the future when AI is widely used, and gamblers have also started using it to increase their winning chances. So casinos must be careful in anticipating this by looking for solutions to beat gamblers who use AI. Casinos can still beat gamblers who don't use AI or who don't know how to operate AI. But the casinos will surely have a hard time beating gamblers who understand how AI works because those gamblers really know how to figure out how to win. We may see that the competition between casinos and gamblers for wins will be tougher. So let's just wait. |
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I agree that no betting is wasted, but during wrong bets our real money is wasted and that's not a good thing for us. I have wasted some money on few gambling games in order to learn that how the game works and what are the mechanics of the game. But, so far I found that most of the gambling games generate random numbers and that's why guessing them and making a proper strategy isn't possible on those casino games. Although, one can master sports betting with time, but still it's always somehow test of our luck vs others luck, and if the ones who bet against us are more lucky then they will always win.
You can say that no bet is a waste in the sense that even if we lose the bet, the casino is the beneficiary of that bet. In this way, we can say that all the bets give benefit in one way or another. Either you will win money from the bet or the casino & bookmaker will make money out of it. This is one way of looking into it but we generally speak from the gambler's point of view. In this case, if you lose a bet, you lose the money and that's the dark side of gambling. Losing is a part of gambling and I hope all gamblers understand this quickly once they start to gamble. High hopes from gambling may lead to difficulties and hopelessness in the future. If you lose the bet, that is the risk you have to face. And if you understand the risks of losing money, you don't waste your money on gambling because you can accept whatever the outcome is. But still, other people, especially those who don't gamble or are unfamiliar with gambling, will judge that it is in vain. They will argue that the money should be used to buy food or other things so that it will be more useful for us. So, in this case, we have to choose it, and if it is futile because we have no chance of winning, we don't need to gamble but will choose another day. |
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We also need to know that making money from gambling is not easy. That's the most important thing so we would not even think about starting to make money gambling. We have seen what happens to people who try to make money from gambling but experience loss they never imagined. If we keep trying it, we can get frustrated because the results don't match our expectations, so we lose a lot of money. We have to change our mindset so we can think of other ways to make money.
There are some experience gamblers who are living from gambling but that doesn't mean that everyone will be able to go to that level. In most cases what can be achieved is that those who consider gambling as a source of income are exposed to large losses. A few people make a living from gambling, but most lose. Gamblers who can enjoy of winning and losing rather than just envisioning gambling as a source of income can reap the maximum benefits from gambling. It is not easy to reach the level of a person who can make a living from gambling because it must take many things before he can reach it. And if he decides to continue but doesn't study or prepare himself much, he won't be able to earn it and will instead be exposed to the consequences where losing money at gambling is inevitable. That is why people should consider earning a living from other places and never try gambling because it is not worth it. Indeed gamblers can win, but that's not always, so if they have other sources to make money, they still have money even though a little money is used to play gambling. |
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But for obvious reasons, some of the folks who are addicted to this kind on none betting game are higher than those who are actually addicted to real gambling where they have to stake an amount.
I believe what happens is that when there isn't money involved gamblers don't feel the excitement they use to have when betting for real money. When there is nothing to lose and nothing considerable to win the effects on your brain are different. The release of dopamine doesn't happen, your heart doesn't beat faster, you don't get chills. There aren't high expectations regards the outcome, because if winning or losing the bet it won't make any difference on your life. It's like people say: no pain, no gain, although in gambling I think we could say: no risk, no thrill. If it is a gambler, they will not find it any challenge as there is no money involved, and it can make them unwilling to continue. But if there is money, they will surely be eager to continue, and this is where the real temptation of gambling lies. We can consider as a bet or gamble only when a few important factors are met. Otherwise, we cannot think of it as gambling. To be a bet we must be concerned with money. There will be an opportunity to win or loss. It will also be risky. A gambler will take a risk in exchange for the possibility of getting more money from the bet. The gambler will depend on the probability and he is willing to take the risk. Gamblers typically will love to enjoy the excitement derived from this uncertainty and whenever these things are organized, we can imagine it as a gamble. And before taking the plunge, the gambler must consider how much he is risking and how he can reduce his risk factors so he doesn't lose more. Only in this way can he get pleasure from gambling, and maybe the risk of losing will also be reduced. Some gamblers only play games without using money, such as games at casinos using the demo mode. They do that to see the game and get a feel for it. If they feel that the game is interesting, they will use the money to gamble immediately in real mode. |
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Advices for having better control on gambling situations will be the same than in other situations in life that require emotional control
Breath
Stay focused
Don’t decide on emotion but on reason
Are some good principles to start
If many gamblers had done this, they would have decided to take a break. But what we see is not so because the losing gamblers are thinking of depositing more money to recover their losses which will be difficult. And it's true that there are some good principles that we must adhere to so that we don't cross the line and can prevent losing a lot of money. But sadly, not many can do it. But we have to try to do it because if we don't, we will also experience the same thing as them. |
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But for obvious reasons, some of the folks who are addicted to this kind on none betting game are higher than those who are actually addicted to real gambling where they have to stake an amount.
I believe what happens is that when there isn't money involved gamblers don't feel the excitement they use to have when betting for real money. When there is nothing to lose and nothing considerable to win the effects on your brain are different. The release of dopamine doesn't happen, your heart doesn't beat faster, you don't get chills. There aren't high expectations regards the outcome, because if winning or losing the bet it won't make any difference on your life. It's like people say: no pain, no gain, although in gambling I think we could say: no risk, no thrill. If it is a gambler, they will not find it any challenge as there is no money involved, and it can make them unwilling to continue. But if there is money, they will surely be eager to continue, and this is where the real temptation of gambling lies. And maybe if there weren't any money, prizes, or anything at stake, it wouldn't be gambling but just an ordinary game played by two or more people. And we also have often experienced it and maybe felt the fun playing the game. Like for example, we compete or play games on phones. We don't get money or anything but only find pleasure in playing it. You raise an interesting point about the role of money in gambling. It's true that the element of risk and the potential for financial gain or loss is a significant aspect of what makes gambling enticing to many people. The prospect of winning money can create a sense of excitement and motivation to continue playing. Some people may just have to have it. With that money, people are becoming more interested in continuing to play it. But if they do not use money, they only play it for a short time and may look for other more challenging games. But other games wouldn't make them more challenging if they didn't use the money anyway. So if there is money, there is a feeling of being challenged, so they will try to get the money. And that's the difference between playing with money and not using money. |
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Gambling is just for fun we should not take any serious thing in gambling we should not say that we can earn up $100 daily or just in a small period of time. It because we must know that gambling is not like a job that It can sustain you in a long run of your life. We must have the mindset that gambling is a game that is a stress release and not for income.
We also need to know that making money from gambling is not easy. That's the most important thing so we would not even think about starting to make money gambling. We have seen what happens to people who try to make money from gambling but experience loss they never imagined. If we keep trying it, we can get frustrated because the results don't match our expectations, so we lose a lot of money. We have to change our mindset so we can think of other ways to make money. Some people despite the evidence right in front of them cannot help but to try a particular activity by themselves, so if a person thinks they can earn a stable income out of gambling then it could be a good idea that they try in order to satisfy their curiosity.
And once they realize this is not possible they can move on while only losing a small amount of money, now it is true there are some people that will keep betting thinking they can find a way to beat the casinos, but in my opinion it was impossible to save those people from themselves to begin with.
It will be difficult for them to earn a stable income from gambling because they will encounter defeat. And many people were not ready to see this happen to them and frustrated many, and some even tried it again another day. They should have realized that after getting several losses, that might be enough to open their minds that what they are doing will not be able to make money. They are better off using gambling as entertainment, so they won't think about making money from gambling. |
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Time to get his own flat then. Father is right in his perspective, if he thinks betting is bad thing win or loose doesn't metter . Then son should go live by himself, If he can bet himself he should be +18, he can (should) live by himself too. My Father is not diffrent aswell if I somehow win 100k$ I'm out simple as that. This is our lifes not others. I would not give that money back or donate it...
The situation is somehow complicated. Why does the child take his winning information to the father when he knows that his family will never support him? This is why ridiculous for the son to act like this. If the parent would not support the poor boy, is either he take the money back or he will be the one to leave the house, that is if the fund won is huge and could change his life if he makes plan to use the money well. The boy is a lucky one and that is what many gamblers that had been attempting to have with such a big winning. What ever be the outcome, the boy need to think well before making any decisions. Perhaps, the child wants to say that his money results from his gambling winnings honestly. But unfortunately, his father refused firmly not to bring the money into his house. We could probably say that it was ridiculous to his son that he couldn't bring his money home. The child should not try to play gambling because maybe he already knows that his father does not want to see his child gambling or get a lot of money from gambling. The father had good intentions to protect his son from the dangers of gambling, so it would be up to him. The boy is really lucky to earn a lot of money, and this is a test for the boy as to what he will decide. Perhaps, he'll donate all of his winnings or he could just use it. |
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That's why I say it, looking for quick wins is one of the most common mistakes of all players who join casinos, I don't blame them when I started betting I also had that belief, but it is one of the biggest myths that exist, I see it as a business playing in the casino, if the profit is small it is a profit, and the profit always adds up, so if I win a little in one day, I stay put, I don't do anything else, I already have profits and I don't start with ambition, if there is ambition, everything is lost, especially with the effort involved in having money to risk it in the casino.
Well in all this you always learn, we as casino players when we start we always want a lot of information, maybe that's why we are so active in the forum, because we look for very detailed and good information, fortunately there are Players who always have the money, time and the ability to play and they discover some strategies and tell them here to see if we learn a little more, so when I place bets in the casino they are always very low, Firstly to have fun and enjoy the game and secondly if I win little , well I don't care, something is something , worse is nothing, one must be satisfied with what one has and keep looking for more and more, but I think that what matters here is to be patient, and always be somewhat afraid or careful of money , so as not to lose All.
We have learned a lot from gambling, and after all, those who think they can get quick wins from gambling should be able to forget about it because it does not guarantee they will. They can lose quickly, especially if they can't control the bet amount. It will only speed up losing money at the gambling table. And many people are ambitious to get fast money from gambling, but it doesn't work. If there is ambition, it will only lead to losing big money in gambling. They could make a strategy when playing, but that's only temporary because the casino won't let them always win. Casinos will surely try to hold back their steps to get the biggest profit, and we have seen it happen to us where we have often experienced that defeat. For this reason, we shouldn't be overly confident that we can beat the casino with many strategies because, ultimately, the casino will get big profits. |
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Newcomers to crypto and their gambling are just thinking about big profits without thinking about the risks that can easily occur.
But usually newcomers do have an interest in getting into crypto or gambling because some of the people they see can easily earn big profits so interest arises.
Many newcomers or beginners don't understand what gambling is. They don't know how to deal with gambling risks, they probably only hear about instant winning from other gamblers. So, it is very reasonable if they misunderstand gambling, they only know the benefits and have no knowledge about the risks. But they will understand it gradually, specifically when they learn seriously how to gamble in a proper way or in a safe way. Unfortunately, there are many newcomers who have no intention to learn, they are only obsessed with the profits. These types of newcomers will be easy to lose huge money and have a big chance of being addicted. In conclusion, not every newcomer focuses on profits only and will end up with severe losses. Those who gamble carefully and want to learn how to deal with gambling risks, probably will be safe from bad impacts or the risks of gambling. Beginners only see other people's big wins from social media, which makes them curious about playing gambling and want to prove it with their money. But if they can't control themselves, it's tantamount to depositing money without a chance to win a lot. If they could take the time to understand that gambling is not as easy as they make it out to be, they would not come close to gambling and would even stay away from it. But we can only give them advice and not force them not to approach gambling. |
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I know I've commented on this thread before but another thread on this board seems to have displayed perfectly what happens when someone tries to make a constant income in a game of chance. https://bitcointalk.org/index.php?topic=5451287.0That user started out with $500 and bet on the NBA playoff games hoping to make a ton of money. They eventually closed the thread when they gambled away all their money leaving them with a $0 balance. This is a pretty common experience for gamblers, but it's interesting to see it play out live to see all the bets and how their wallet was emptied. In short, gambling isn't a job and those who try to make it such will be reminded of this fact in short order. Accurate information and can provide concrete examples that looking for daily profits regardless of the amount and regardless of the capital used will not affect anything.
So with this information it is clear and can be the conclusion that it is very impossible to get a steady income from gambling. He better not try it because the risk isn't worth losing the money. But I think he could be curious because many of us suggest not gambling and don't think about making a steady income from gambling. He should try to find another job to get a steady income so he doesn't have a hard time surviving. And if he still has free money from his regular income, he can use it to play gambling. He could get a big win in the future by doing something like that. |
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Quitting gambling requires awareness on the part of a person and not coercion. Even if he is forced to stop, if he does not know that gambling has made him addicted to gambling, he will not stop, and maybe he will continue to gamble secretly.
It's certainly not easy to open his mind because he is already addicted to gambling. But if he realized he had made a mistake and wanted to cure his gambling addiction, he might have the chance to do so. And if he eventually converts to a certain religion and finds out that gambling is forbidden, maybe he will realize that and be able to stop gambling.
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~snip~
Most of the casinos do look at what country you are from and base their regulations on their judgment as to whether they will require you to undergo KYC or not. I have friends who are into sports betting or gambling in casinos, but they are not required to go through KYC, just like me. Therefore, we enjoy the full liberty of gambling anonymously. We feel lucky if we can get a casino that doesn't ask us to do KYC because that means we get complete freedom in gambling. But if we don't pay attention or control ourselves, that's when we can start experiencing gambling addiction without realizing it. The casino will check which country we are from and will apply the same rules as other members. But if the casino asks us to do KYC one day, we have to be careful and check the casino to ensure that the casino is trusted. |
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But for obvious reasons, some of the folks who are addicted to this kind on none betting game are higher than those who are actually addicted to real gambling where they have to stake an amount.
I believe what happens is that when there isn't money involved gamblers don't feel the excitement they use to have when betting for real money. When there is nothing to lose and nothing considerable to win the effects on your brain are different. The release of dopamine doesn't happen, your heart doesn't beat faster, you don't get chills. There aren't high expectations regards the outcome, because if winning or losing the bet it won't make any difference on your life. It's like people say: no pain, no gain, although in gambling I think we could say: no risk, no thrill. If it is a gambler, they will not find it any challenge as there is no money involved, and it can make them unwilling to continue. But if there is money, they will surely be eager to continue, and this is where the real temptation of gambling lies. And maybe if there weren't any money, prizes, or anything at stake, it wouldn't be gambling but just an ordinary game played by two or more people. And we also have often experienced it and maybe felt the fun playing the game. Like for example, we compete or play games on phones. We don't get money or anything but only find pleasure in playing it. |
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To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.
In my opinion this term is unfair.
This is not fair at all. Yes, I have seen casinos require their players to wager 50x or more if they take deposit, welcome, or other kinds of bonuses. That make sense because they won't give you something for free. You have to play there and you have to win. I also saw casinos need a wager requirement for any deposits to prevent money laundering. But, it was no more than 1x. Having five times wagering requirements on each deposit is not fair at all. You should avoid that kind of casino at any cost. Of course, you have to read their ToS before you sign up and make a deposit. Because they may already mention this term on their ToS page. If you can make your first withdrawal from their platform, run away with your money and never look back. Those casinos are designed to steal money from users. It's not fair, but that's how it's always been. Some gamblers manage to win some money but have to pass the wagering requirements before withdrawing the money, especially when they follow a promo given by the casino. If the wagering requirement is under 10x, it will be fine as it is not too demanding. But usually, casinos enforce high wagering requirements, so only a few gamblers manage to pass those requirements and withdraw their money. Before joining any promo, we must make sure we know the requirements so that we are not disappointed and only take part in promotions that we can afford so that we don't use a lot of money to participate. |
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This is the way it should be, but most people once they begin to win some money they refuse to stop, they think that luck is finally on their side and they prefer to keep gambling thinking they will earn a lot of money and recover from all of those losing sessions they had on the past, but once their luck runs out they begin to lose again and in their desperation they decide to keep gambling, lose a great deal of their capital in the process and then they feel remorse about what they did.
After a good winning streak, you start to think that you have understood something and now it will always be like this, but losses are an integral part of the process and you can make more mistakes in this moments on emotions. After that, when you start to analyze what happened, you understand that this could have been avoided, and at such moments, of course, there is regret about what you have done. If they could realize what had happened and know that it was because of his mistake, they would surely understand that every time he played gambling, a loss would wait, and we must avoid big losses by limiting our money. But most gamblers, especially those who have often experienced loss, will not think that way because they think they will surely get lucky tomorrow, but in reality, they are not. And there are gamblers who, after losing, don't stop for a moment and contemplate their defeat but instead think they can try it tomorrow. |
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