Yes this is definitely a good start towards your gambling journey.

Always remember- always pay yourself first. Meaning, set aside the money that you initially used as your gambling funds so that whatever outcome that may happen, the worst possible thing that you may experience is having a breakeven game. This prevents loss on your part since you are gambling the proceeds that came from your initial funds for gambling.

For long-term, however, this may backfire due to the presence of house edge. If you truly want to gamble and profit, then try your very best to NOT make it a habit and view gambling as an activity that is primarily exercised once-in-a-blue-moon.

If I were the mom, I would definitely be upset regardless of the outcome.

The fact that my son is capable of stealing on my money without any prior permission violates any kind of moral decency. If he/she has the guts to steal money, what more evil things that he/she may do? Sure, he has won millions in gambling but that does not change the fact that he/she was able to do it to his own mother.

Gambling can definitely bring the best/worst on a person depending on the outcome. There are lots of learnings that one may experience- they can see the true colors of a person especially if they hit rock-bottom; and you can also experience the best of a person by sharing the winnings immediately after winning.


I definitely agree with your statement.

As parents, we have the obligation to nurture our children in bringing the best into their welfare. If we expose them in a potentially dangerous environment surrounded by vices and violence, it is natural for them to associate themselves with this kind of environment.

I think the problem with most newbies when they enter this forum is focusing too much on raking-up. I mean, sure- everyone wants to rank-up and participate in campaign signatures but knowing what cryptocurrencies are and their fundamentals are just as important.

Newbies, the internet will be your best friend. Everything that you can know about the basics and fundamentals of cryptocurrencies can be seen by just searching it on various search engines and the search bar in this forum. Since most of the questions asked by newbies have been answered countless of times, it is about time that you newbies should do your part as well.

In conclusion, newbies you do your part as well. Before asking questions about the basics, search it first to yourself. Watch videos and do not be complacent that everyone would spoon feed you with information.

First and foremost, I doubt that gambling platforms would implement this kind of idea. Additionally, how can they say also that a person has been gambling "irresponsibly" by relying only on the deposit history?

Gambling establishments are businesses. This means that their goal and aim here is to accumulate profit. Any implementation or activity that may hinder their business model is against their mandate and goal in the first place.

While there may be gambling casinos/platforms that have some sort of instrument or sign that may warn a user about their expenditures, I really do believe that restricting another one's account and preventing them from gambling further would not be carried out by these establishments.

Ohhh medyo difficult na question to if you will quit your job to live with your BTC investment. While this may be difficult, may kilala akong isang tao na meron mahigi 122+ BTCs inside his coins.ph wallet.

Back in 2017, I have this friend (kasama ko siya sa basketball) that invested lots of money during the early stages of BTC. As time passed by, nakapag save siya ng more than 100+ BTCs in his wallet tapos pumapasok pa siya ng 1-2 BTCs in some ponzi-schemes. Well, fortunately for him, kumita siya sa ponzi-scheme (USI-tech) tapos tumaas BTCs niya up to 122 and pinakita niya mismo sa akin.

At that time, he quit his job tapos nag abroad siya para doon niya na gagamitin yung BTCs niya. Kaso nga lang, na hold ng US yung bank account niya dahil may pumapasok na malaking halaga due to his BTC investment. Pinapapunta siya sa US to clear this tapos humingi pa siya ng loan sa amin for his ticket and he also used his Fortuner as a collateral.

Cut the long story short, na unfreeze yung bank account niya and as far as I know nasa US na siya ngayon with his family.

I agree with your statement.

It really depends on how you view cryptocurrencies as a whole. During the early stages of cryptocurrency, only a few believed on how it could potentially skyrocket in the future. When most people have realized that there was an enormous opportunity as an investment mechanism, lots of people joined and invested money without even fully understanding on what they are investing on.

To cut the long story short, those people who quickly invested without knowing what cryptocurrencies really are pulled-out their investments when they saw that the prices plummeted; while others who believed in cryptocurrencies HODL their investments and profited when its price skyrocketed within a few months after that.

The conclusion here is that you view cryptocurrencies more than just an investment- see it as a tool that can be potentially used by countries by integrating it into their financials.

When I used to gamble a lot, there were times were I just felt really unlucky. With this feeling, this actually compelled me to stop and to experience other entertainments in order to satisfy the urge of coming back. As time passes by, it made me realize that I can actually stop gambling and there are other things that can give me the same satisfaction without me risking my money in the process.


Like what I mentioned above, it is going to be easy for a person to take a break from gambling if they are experiencing a losing streak. This can compel you to stop and to see things from a different perspective that there are other activities that can bring joy outside the gambling world.

Coaches have control over the team- they are the master of techniques and plans in which every member of the team must follow. They also control on how each member of the team will play their respective role and position during the game. Additionally, coaches have the responsibility to control each of the members of the team and assign them a respective position in which the players should follow.

If a coach also cannot handle the players and the expectation on the team that they are handling, naturally, the blame will be on them. Sure, there may be other factors that play a role on it (e.g. poor performance of the players, etc.) but if the coach does not live to his responsibility, the ultimate fault will be on him no matter how fortunate the situation may be.

Personally, I do think that firing a coach outright is not ideal. There should be some sort of metric system in order to determine if the said coach has been underperforming or not.

Nah, it just means that you just have a bad luck on your games.

Your situation somehow creates this illusion that whenever you bet big, you lose; and whenever you bet small, you win. Do not be tempted to fight this- this is an illusion that is somehow created by the natural circumstances surrounding the environment of your gambling activities.

This also happened to me before but the moment that I rationalized and justified it, I just lost more money in the process.

Again, do not give in to this temptation and just call it a day and move on.

Nope, I do not keep a track of my gambling progress.

While many people seem to take this for granted, I do highly recommend it in order to keep track of your expenses. If you try to input every expenditure in an excel sheet, then you could observe and see if you are actually profiting or not. In addition, this can also give you a broad idea on how much money you have spent on this habit.

Though this may be the case, this is more applicable to people who view gambling as a means of profit. But for people who view it for entertainment, then I guess keeping a track of expenses can give you also an idea on how much money you have allocated it.

As far as our local exchanges go, they are very strict with the implementation and execution of their KYC process.

To give you a concrete example, not only does our local exchange (coins.ph) require you to submit government issued IDs, they also require you to submit additional documents (e.g. bank statements, ITR, etc.) to strengthen your position on their exchange. Not to mention, it also requires some movement behind their registration process like moving your head sideways, etc. for them to accurately tell if you are using fake IDs or not.

Though the above-mentioned exchange have implemented their KYC in a very strict manner, I still hope that some exchanges follow this example. The only downside is that it may push others to not register and avoid the said exchange due to stringent requirements.

I am actually confused on the headline as I believe that there is no difference between problem gambling and compulsive gambling as they are both problems to begin with.

When we mean by compulsive gambling, this means that the person has difficulty in controlling his temptations with the urges of him/her to gamble. It also means that the person will most likely give in if ever they are presented with the opportunity and temptation to gambling regardless if it is convenient or not.

In the above-mentioned phrase, compulsive gambling necessarily absorbs problem gambling as the former is a problem in itself. I do also think that we do not have to prolong the discussion on what their similarities/differences are but they are both problems in the gambling space that must be addressed.

Yes, I do believe in luck.

Luck is something that is somehow difficult to put into words to- it just happens and you cannot describe on how you were able to experience it. Sometimes, people see it as a 50/50 thing but statistics tells a different thing. For me, luck happens but you also have to put your situation in order to be prepared by the luck.


I actually consider myself unlucky, so I would rate my luck to 5.


Nope they do not correlate at all.

My luck in gambling does not equate to my luck in real life, in fact, they are completely opposite. I find myself very unlucky whenever I try to gamble with my resources in a casino. I often lose and this is the reason on why I really avoid gambling. On the other hand, I find myself lucky in some situations in my real life in which some are unexplainable in some point.


I do believe that there are only some instances where you can increase your luck in the context of gambling.

For example, in certain card games such as poker, you can somehow control your luck by applying some techniques. You can bluff or even apply probabilities in determining which card may show in the next pool phase.

Oh yes and the my girlfriend sometimes blames me for this.

The family of my girlfriend lives in a province-like city. Technically, it's a province but with city-like structures due to the modernizations that were implemented. Naturally, the physical casinos in her city were far- it will take roughly 1-2 hours for a person to reach the nearest casino.

Fast forward, the grandmother of my girlfriend loves to gamble. During her free time, he would use her pension funds and allocate it to fund her gambling addiction. From time-to-time, her grandmother would win money and would treat everyone. But there were also some times where she would lose and ask money from my girlfriend.

One day, I went to their place and showed some videos online where you can download an application on your phone and gamble online. Long story short, I convinced her grandmother to gamble online using our famous local payment application (GCash). At the end, it is more convenient for her to gamble online but this addiction has became notoriously rampant in the past few weeks since I introduced it to her.

I have no personal experience to this but I was a witness when I saw my uncle destroyed his life in gambling when I was in high school.

This started a few years back when my uncle was living his life- he had his own car, a very beautiful girlfriend, and a supportive grandparents who took care of him ever since he was a kid. Well, you can say that he is somehow of a spoiled brat as he was also suffering from ADHD. Unfortunately, there was an incident that happened in his workplace (he was HR) that led the management to terminate his job and position at his workplace.

This is where the downfall started- he lost his job, his girlfriend, and he also did drugs and gambling at the same time. During some random nights, I can hear my grandmother crying since she said that my uncle sold his designer bags in order to fund his drug and gambling addiction at the same time.

To cut the long story short, it has been more than 10+ years and my uncle, in this very same day, is still suffering from these addiction. His life is somehow ruined given the fact that he cannot sustain himself anymore as he has no job. Our family tried to help him but he was eaten by these addictions to the point that he kept on sharing gambling posts and theories with everyone.

Regardless if a player is poor or not, it is heavily recommended that both players with different statuses know when to stop gambling for their own benefit.

Basing it on statistics alone, the house will always win due to the presence of house-edge on the gambling platform. If a poor gambler knows how to control their emotions by not over spending during his time, then this may prevent him from losing further and this will also give him an opportunity to maximize his winnings.

This same principle mentioned above can be applied to a rich gambler. The only difference is that the latter has more resources to try and to allocate a certain budget in funding their gambling activities.

As we all know, gambling is an expensive hobby. Not only is it expensive but it is also addictive given the risks that are involved with the prizes that one can potentially win.

Knowing that gambling is an expensive hobby, it is but natural to think that a person must obviously have a steady income stream in order to fund this kind of entertainment. If he/she does not have the luxury of having a steady stream of income, then this will be a money-losing venture given the risks that are involved.


It does tend to draw the gambler closer but what is important here is the perspective of the person when he/she gambles.

If that person views gambling as a source of entertainment, then he/she can prevent any addiction from arising. But if that person views gambling as a money-making venture, as in the case of people who do not have a steady stream of income, then this hobby can be very destructive to say the least.

Oh yes definitely!

This happened recently wherein I had to gamble $400 because I was rationalizing with myself that I am too deep now and I have committed so much money that everything would be a waste if I did not win a single round. Unfortunately, the night ended with me losing much more money and I was never able to recover the money that I have betted on.

The problem with gambling stems from that hope that you are chasing- such hope that you MIGHT win in order to recover your losses. But that hope is a dangerous landfall that can snowball quickly especially if you are afraid of accepting that you just lost a handful amount of money.

With that experience, it made me thing that I never want to experience battling the odds. If today is just not my day, maybe gambling is not really for me.

I think this has something to do with the current state of the country that borrows in the World Bank.

For example, if a third-world country is struggling with their finances, they can borrow money from the World Bank in which the latter offers zero to low interest rates. Additionally, borrowing from the World Bank can also be an opportunity in the country if the details of the loan are generous.

For example, a poor country may be offered by the World Bank zero to little interest rates which can be payable for the years to come. This does not only help that poor country but it also gives them the opportunity to create various infrastructures that will benefit them long-term.

To answer your question, I guess if the World Bank offers no interest rates on their loans, that can be quite an attractive offer. Even if a specific country has a positive revenue, it does not hurt to ask for a little more cash, right?

If there is something that I can definitely associate myself with, it is that I share my winnings with my family.

Like my brother, I consider money won from gambling as "dirty money." This means that I have to spend my winnings as quickly as possible or at least allocate them to a certain activity to prevent any temptation in gambling again.

In the past, the money that I have won from gambling would be share among my siblings. I frequently surprise them by buying food or by asking them if they need anything. Also, some of the portions of my winnings were allocated to certain purchases for my school (e.g. books, materials, etc.) in order to supply myself with all the necessary things and to also help my father alleviate the expenses.