UK charity Gambling with Lives has created what it describes as “a ground-breaking new youth education programme”.
The programme is aimed at preventing gambling harm in young people and will be piloted at schools in Essex, Manchester and Northern Ireland.
According to a press release published by the group, it aims to influence the way gambling awareness education is delivered to young people and address the lack of information and help currently available.
Speaking about the programme, James Grimes, Head of Education at Gambling with Lives, said: “What makes this programme unique is that it includes the role of addictive products and predatory marketing in causing harm. Apparently there is going to be a new education program for youths which would teach them about gambling, it would be not only unbiased but evidence based as well, they are going to put roles out in the open regarding the predatory market and how it's influencing the adolescents at this moment, I do think that this might be really helpful for certain cases because they are not shoo-in things away but rather teaching adolescents and talking about their issues. What do you think about this initiative?? https://www.gamblinginsider.com/news/13127/gambling-with-lives-launches-new-gambling-education-programme Honestly, anything that is educating anyone about the poor choices behind long term gambling is a positive move. Gambling as a fun event, enjoyed with friends in a social setting, maybe once or twice a year is the correct way to look at it. Getting tunnel vision that you must spin that next slot after you rush home from work and put in the final amount of your paycheck because you want to chase the rush you got years ago, is the worst scenario to be in - an all consuming addiction pattern that is terribly easy to fall into and only benefits the gambling company. The best form of education is really going to be a solid appreciation of math, critical thinking skills and a wide range of financial knowledge that should be taught in schools from an early age - ideally with real money at stake. |
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Bitcoin is a coin that has made it very popular all over the world. Bitcoin's donation I saw is not falling below 45 thousand but it is moving towards further improvement. I was hovering around 47,000 in the middle of the day and now the price is expected to rise further because rich people like Elon Musk are buying bitcoin. One of them is Michael Saylor. I saw from some news that Michael Saylor will stop buying Bitcoin but it is not MicroStrategy bought an additional 5,050 bitcoins for $ 242.9 million at an average price of $ 48,099 per bitcoin. Michael Saylor tweeted this on Twitter yesterday. source: https://twitter.com/michael_saylor/status/1437386724443926535People have a habit of deluding themselves based on selective information such as a small time scale. It was only a little while ago that Bitcoin was bouncing of the $30,000 dollar mark after falling from it's roughly $65k all time high. It sounds like you are just trying to be a day trader, so you are reading far too much into these highly volatile day to day swings in price. Most people aren't paying any attention whether it is $42k or $46k. If you want to day trade, which is an extremely financially dangerous endeavor, then you are much more likely to make large amounts of money by trading altcoins which can multiply in value due to their total market capitalization much easier. For Bitcoin to double in value it needs just under $1 trillion more purchased, for Dogecoin to double in value (for example) it needs just $31 billion more purchased. That is what the smart money is doing. |
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Assume you have $100 and must choose between the two casino versions shown below to turn a proft. Which will you choose?1. Casino A:
Players in this casino compete against the platform (house) in games such as BlackJack, Rollet, Slots, etc... .
In this type of casino, players must rely on luck and other factors to make a profit.
2. Casino B:
Players in this casino compete against each others in games such as Ludo, Poker, Rummy, etc... .
In this type of casino, players rely on their luck and skills to make a profit.
There is only one winner in each game (Ludo: first place, Poker/Rummy: last man standing).
If you don't want to express your thoughts, simply answer with A or B.
P.S: Here is an example of Casino B, https://bitcointalk.org/index.php?topic=5352967.0.
There is no such thing as luck being involved when you're playing versus the house. One way or another the house will eventually walk away with all of the money if you follow a lifestyle that involves gambling. They can analyze so much information, playing patterns, huge datasets of historical information and will always have a house edge - if for no other reason than to pay for the basics of keeping that gambling company at breakeven, regardless of profit. Someone has to pay for all the licensing, infrastructure updates, support staff and latest flashy games to keep players enticed. At least with option B you have the chance of paying off the house edge while also taking advantage of your skills and intelligence to drain money from other players. |
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Modern-day gambling has increased the quest to gain more skills in playing the various gambling games, while some games require skills to play them, others are relatively simple to play and require little or no skills in playing them.
As the topic specifies slot and video poker are the most friendly and simple games to play for me but the two have some disparity which I will love us to discuss on this thread.
1 what are the similarities between slot games and video pokers?
2 between slot and video poker which is more technical and requires skills to play?
3 what are your personal experiences with both games?
The best way to think of these games is rather simple - they are just graphics, sounds and other psychological tricks that are designed to make you repeatedly spend more money. Gambling companies are pure money making machines - they have minimum overheads (especially online games) and have customers willing to pour large amounts of money into them. These games are designed to keep tantalizing players, you might deposit $100, play a $5 per spin game all the way down to your last $5 and hit a jackpot which will give you $110 - now you think wow after all those losses it is actually possible to make money. You do the same thing but this time crash out to zero, because they have conditioned you to this repetitive behavior you might barely give it a second thought when depositing the next $100. Unless you can use skill to play these games, you are just paying for entertainment in the form of flashy images and enticing noises. |
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With what you think currently, Crypto currency is one of the major things I think, that has contributed greatly to the growth of a country economy.
It will be totally improper for a country to channel all of its or their sources of income in one direction,the government kicking against crypto currencyus not right and fair from my own perception.
Diversification of economy by not focusing mainly on one major source of income boost and increase the economy to a large extent, as well limiting the losses....in a country tourism, technology, Agriculture and Sports mainly football will grow and boost an economy vastly.....why some Countries suffered during the Covid 19 pandemic is all because they focused and operated in one section to generate income, so boosting of an economy can also be achieved in different ways including crypto currency.
It wouldn't be bad idea if Y'all can share your thoughts and ideas about this from your own point of view.
Crypto has been around barely 10 years and has barely scratched the surface of the wider economy. While it is slowly opening up as a new asset class, it is a drop in the bucket of the amount of money invested elsewhere and the real useful technology is the blockchain that drives it. Maybe it would help if you share the actual country you are in, because the only place it has made a difference to the average person on the street is maybe El Salvador where it has become one of two official currencies lately. Even then, that country is rather a mess in terms of jobs that they cannot even have their own functioning currency that is accepted by other countries in the form of trade. There seems like little thought or effort has gone into your post, as you don't explain very much at all. |
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The linked video explains the difference between traditional financial instruments and bitcoin. Traditional are redeemable, while bitcoin is not. Which makes bitcoin equivalent to a losing lottery ticket. Or, similar to a stock of a bankrupt company, a currency of a former county or a casino token of a bankrupt casino.
Just from your poor grasp of how Bitcoin works, it is definitely not even worth checking out the video. Bitcoin at it's heart is a currency, it is a currency whereby one unit is currently worth around 50,000 dollars when converted via an exchange or peer to peer transaction. You might not like that fact, there may not be much logic behind why so many people put such a high value on this particular currency, but it is the present reality that we live in. Currency is just a store of value. As we see with El Salvador, who have made it legal tender (AKA redeemable) what you have said is untrue and the pace is going against you every day. It feels like you either sold out too early or are just jealous that you missed out on the huge gains it has made since inception. |
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On the notification panel of my android device and that of many other devices of people in my locale that i have come across, I noticed too many pop up ads about one gambling site or the other, which with a click, you will find yourself in the interface of an online casino or betting site asking for you to sign up and get huge bonuses, I also observed that when using the chrome browser on my cell phone to surf some websites on the internet, I am forcefully redirected to some gambling and betting websites that opens up on the tab as well. I'm concerned for the underaged and how easy these things have become so exposed to them. I did a little research as to the statistics of underaged gamblers for last year, and according to an article, "39% of 11-16-year olds have bet their own money" as at when published in October 2020. https://www.roulettesites.org/blog/responsible-gambling/underage-gambling.phpJust like pornographic sites, I don't think online gambling sites and casino's can fully checkmate underaged users that sign up, and as a result, unfortunately i see the number of underaged gamblers worldwide to increase significantly by October this year. What are your thoughts?, What are the possible solutions to the problem of the rising number of online underaged gamblers? It used to be the case that debit and credit cards were the main means of payment (directly or through intermediary payment processors). Most of the companies running those cards were fairly restrictive about access to under 18 year old's and the world has become a lot more digitized. To the most ruthless of companies it was a goldmine to target this audience, whether getting them cards theoretically controlled by their parents or just getting parent's credit cards to sign up. I don't think that most gambling sites have a problem with this because KYC documentation requirements are pretty intense these days and you'd have to go to some extremes to fake such documentation effectively. However the micro-transactions and loot boxes you find in most games is certain gearing up underage gamers into the same sort of mentality - which can be very damaging long term and wrongly encouraqes the addictive behavior + sunk cost designs. |
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I was insisted by different people several times. Gambling isn't meant to make money. It is pure business, have fun and never be a victim of it. Now I'm a victim of it. In my village when people play cards I used to advice them, none know I'm into gambling. What they play for is not more than $5, and now I find guilty of being worse than them.
What I've lost is big. Last one month have made a big change in my life. I don't know how things gonna change and myself gonna manage. I would like to brief the last 31 days of my life and gambling. Someone could read and won't get into risk of life.
I have debt of $35000. Myself saved $2500 in BTC on an exchange with the plan of trading. My mind wavered it takes time to make money out of trading. Myself deposited into a gambling platform. Started to gamble. Within few minutes it all got emptied. Then on my mind didn't work, everytime it thinks of the lost money and the way to recover it. Borrowed another $2000 from my friend and this too got washed out.
Further went for another borrow. This time it was $1000, and made it grow little by little and reached $4500. The greed making $1000 more caused me empty my wallet once again. Further went for a loan, this time it is very big. Bought Bitcoin for about $9500 and started to gamble. This went to $14000. By then my mind remembered of the $35000 debt. So, continued with big rolls and the end result is a empty wallet. Finally within the 31 days what I've made is nothing, but raised my debt from $35000 to $47500 and has lost my savings of $2500. After all even thought of ending my life(now that's not in me). Never do the same as me. Now I've promised myself to take a break from gambling.
Mostly this thread gets deleted or locked. Every user read it, and try to be responsible and stay happy with what you have. Try your luck with the excess funds and never have gambling as a way of earning.
Important Note : If you're jobless don't get into gambling, I'm an example. I don't have a job, and that's the reason I wasn't able to keep me deviated from gambling. Hope this helps someone.
Thank You
It's interesting to read personal disaster stories like this, as it should warn everyone of the futility of gambling. Just extracting certain pieces shows how warped and misguided you can become - this person (no disrespect intended) had the illusion that they had some savings, but infact this was entirely fictional when looking at the wider debt that must be paid. If you owe money, any excess you have will simply be part of what you need to pay back in the end. It's a dangerous trap to get into as you found out, because the deeper down you go, the more likely you are to try and chase losses - even building a picture in your mind that the casino is bound to pay out because you've put so much in, but they have no intentions of giving back large amounts. Problem gamblers are the biggest earners for these gaming institutions. |
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so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?
Considering that in the current year it went to $65k and then dropped to around $30k, something similar has already happened. It might have been an even larger correction but lots of large financial institutions and their customers have been piling into cryptocurrency in the last year, that gave it a bit more staying power because those sort of people do not need to sell in a panic. The start of Covid also caused quite a large drop off, so we've seen that Bitcoin is not invulnerable to wider economic shocks and might crash again during an economic recession - when people need to take money out to survive or pay their monthly mortgage payments. Don't trust anyone who can claim to predict the low points. |
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Today marked the history of Bitcoin becoming a legal tender, El Salvador a country in north-central America has become the first country to approve the operation and acceptance of Bitcoin as a legal currency.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
I hope the government of El Salvador have a lot of money to invest and maintain the security side of the wallet app. They will look like huge fools if it gets compromised and it will undermine their initial case for using Bitcoin. You have to expect there to be some blips and it possibly going offline due to large volumes of users in the first few days, but after a couple weeks they better be able to keep it online. Considering the wage in El Salvador is quite low per month, I think the free $30 could amount to a free 5-10% one off pay out for new users, so it was bound to attract huge attention and there was probably some nefarious actors who wanted to DDOS blackmail the government at the opening as well. |
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Who else thinks that these kind of thing may hit mainstream sooner or later? I don't know if this is something new but seen a news from Decentral Games that they are launching a play-to-earn Metaverse poker. Others predict next to NFTs boom that it could the the Metaverse hype. Any thoughts? Over time, we believe several projects will attempt to deliver play-to-earn architectures. However, due to the state of Decentral Games’ current product and community, DG is in a lucrative position to take advantage of this new wave in gaming with a first-mover advantage. We’ve already built metaverse poker, blackjack, roulette, backgammon, and slots, which are games enjoyed daily by our community through memorable events like live music performances, casino night competitions, poker tournaments, and more. https://decentral.games/blog/decentral-games-announces-play-to-earn-metaverse-poker-ice-token-rolloutYou can find all of these games at thousands of other online casinos already - both with fiat currency and cryptocurrency. NFT's is just the buzzword of the moment and this is a company looking to make money from that. Being a "first mover" in this situation is almost useless when there are so many barriers to entry is a recipe for failure. I cannot see many people paying upfront in order for the chance to earn money by grinding, especially when it requires a lot of people doing the same thing for the whole system to grow. Free to play is what people want when they're already risking money at the tables. There seems to be a lot of marketing hype but little substance to the whole setup - it'll probably be dead within a year or two. If not, it will have drastically altered from the current configuration and probably to the detriment of earlier buyers. |
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A possibility just crossed my mind, after thinking about what McAfee said - could crypto replace government? Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.) If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy. Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.) Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous. Privacy would again be valued. Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto. Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries. Could such a system of government work? In an ideal world, maybe this could work, but people will never allow it to happen. People both hate and need politicians to take difficult decisions, because they simply want to get on with their lives without having to ponder the difficult questions all day long. That is why politicians are paid - it is their job to answer such questions, whether they do it correctly is a different matter. Now you could have voting for elections on the blockchain but it needs to be verifiable by officials because it will likely be targeted by third party actors/states who want to damage their enemies in such a way. It also doesn't solve the information problem, where all voters need to be fully informed before making huge decisions. |
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I now see a situation that the world is changing and is coming to a level where if you don't have a covid-19 vaccination clearence or means to verify that you have been vaccinated or have received the latest jab of the vaccine, you won't be allowed to buy or sell. I had in my mind that face mask was going to play this "devil's advocate" but no, the vaccination is getting serious with huge restrictions and therefore looking like it is the devil's advocate.
Apart from the many countries that have been making public statement about the need and compulsory nature of taking the vaccine, I heard in the news barely 24 hours ago about America making it mandatory for big company owners to be vaccinated and show a prove of vaccination of their employees. This is more serious with America taking such steps to ensure compliance , more countries will follow this direction and gradually it will get to smaller businesses, SMEs and then to restrictions on entering banks, malls, fuels stations and etc which will replace face mask. Covid-19 Vaccination is becoming a serious phenomenon and even in Africa and Nigeria, it has started gaining grounds even as the doubt of its existence or and severity is still in doubt from larger percentage of the population.
It was almost inevitable from the start and how it should be really. Unless you have a medical reason for avoiding the vaccination, you are making the solution harder to achieve - which is wiping out the virus by preventing the spread. It will take a long time and likely many mutations, but eventually enough people will have built up an immune defense that hopefully the virus will eventually come to an evolutionary dead end. Right now the toughest challenge is getting the poorest countries vaccinated quickly because they are the most densely populated areas and prone to causing mutant variations due to the environment. There needs to be a final push by richer countries to donate vaccines, because until everyone is safe - no one is safe. |
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I would like to read your opinions about this topic, what are the reasons? Why is it Illegal? the fact that it is for earning & living?  May this answers we have here nailed in everyone's mind in this forum. For learning and importance. Why is it illegal? It is not illegal in most countries and it tends to be authoritarian countries where it has been banned. These kind of governments want full control of their citizens in order to exert pressure, if people within these countries have the ability to hold cash outside of the control of government then they are less vulnerable to manipulation and sometimes even officials have been known to hold cryptocurrency as a way to move currency overseas. There are very few situations where it is "for earning & living", it is mostly used as a currency for moving cash around without banks, a tiny almost insignificant amount of people are currently paid in the form of Bitcoin for their salary, so that is a moot point. |
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Often times in my country, i have visited a sports betting shop to place my bet, and each time before I am about to do so, i always look out to the other service booths where bettings are received for other other individuals placing their bets as well.
Each time, i notice that out of the five service booths in this sports betting shop, it is common to see two or sometimes three individuals out of the five occupying the service booths always bow their head and mutter some words solemnly, a prayer i suppose.
Big questions - Do spiritual beings get involved or influence gambling results in the favour of those who pray to them?
Have you ever prayed before placing a bet (gambling)?
Did it work?
If you believe it does work, examine this scenerio.
If we both worship and serve same god, and we place our bets on the same games, in a manner that our bets are opposites, and we both say a solemn prayer to this our god before casting our bets, Who will this god favour?
How is anyone meant to answer the question "did it work?" - bets have simple probabilities attached to them, sometimes long shots will pay off but the bookmaker is using statistical analysis to try to predict the outcome, it's not some kind of voodoo magic. If you are praying when placing a bet then you are likely doing something wrong and should probably hold on to your money instead. You might get lucky once but it will be offset by the dozens of other times when the odds were heavily stacked against you. Most people are placing small bets that are not life changing amounts and over time the house will have the advantage to bleed you dry. |
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In my country every government during the election campaign have the statement we'll abolish corruption on the sports in the manifesto. Is this is common or I'm seeing this on my country. In each and every game, during the selection process bribe is being given. This has made several able sportsmen discontinue their passion on sports and do some routine job for their living.
Same as this is the gambling, more key players are involved with match fixing even after getting huge sum of money after every match winning/losing. Why certain sportsmen have such greed towards money when people are starving to have a single meal on a day.
While it is an admirable cause, you've got to wonder if the government has it's priorities straight if targeting sports cheating is one of their top aims. Surely that can be left to sporting organizations who should want to weed out cheaters who are tarnishing every sports person. I fear from your description that cheating and bribery is endemic to your whole way of life. So maybe it is more a case about toughening up laws, making sure the judiciary is less corruptable and protecting whistleblowers because it is impossible to target just one aspect while ignoring the rest of the system. Unfortunately corrupt individuals are only looking out for themselves, but it's worth noting that sometimes violence or threats can be a consequence of not accepting a bribe too - they need a decent wage incentive and protection to reject them. |
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I speculate the dump was only a funding reset. The whole cryptospace market might have been pumping on too much high leverage trades already. The small correction from $50k caused a series of liquidations being activated that caused the price to dump lower. This can be viewed with open interest data. According to bybt.com $3.72 billion was liquidated in 24 hours with much of this happened within 1 hour. Also, this should be expected. September was always a negative month for bitcoin during bull markets. Source https://www.bybt.com/todayI think "liquidations" is the wrong terminology here, it was most like strategic profit taking. The type of financial institutions now gaming bitcoin were used to performing these sort of stock market manipulations for a long time - they pump a stock up to get lots of "retail money" chasing highs and then dump it when the market sentiment starts to turn. We saw it to the extreme in places like Dogecoin as well, a lot of money was made from that among Elon's tweets and it is usually the little guys who get crushed. The cycle, much like the macro economic cycle will likely continue although it may get smoothed out over time as there are fewer willing sellers in the low points. |
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Though am not a Russian but when it comes to reality and technical development I love the country and I wish others too should follow up the trail in support for btc, it surprised me and I feel bad when I hear some countries are yet to support the move for btc adoption, why?... Is it under-development or lack of civilization, here in this article one of the Russian's self regulatory organization called Russian's Association of Currency Brokers made in a statement that the Bitcoin investment is preferred to Gold and forex.
If a country can lead the move in support for crypto, then the young agile populating youths will take the challenge for emulation. Crypto is not a scam, it's a new development launch of digital currency and it's going world wide on acceptability with full operational usage.
It is definitely understandable considering the environment that most Russian's live in. Having physical assets that can be stolen by criminals or the government very easily makes precious metals a big no-no. Forex has always been an extremely risky endeavor that is only profitable for the very few and again, if you are successful a nosy government official might easily seize your bank accounts for their personal benefit. That leaves Bitcoin/cryptocurrency as a very desirable asset that is easy to access across borders and allows them to move money out of Russia while in their full control. It is almost the perfect counter to a totalitarian and authoritative regime - decentralized banking. |
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Business people must make a choice of strategies that are effective and realistic in determining investment activities.
IDENTIFICATION, namely analyzing profitable business potentials to be planned and developed.
FORMULATION, translating investment opportunities in concrete projects by explaining important factors in outline.
ASSESSMENT, namely analyzing aspects of the market, finance and economic conditions.
SELECTION, the use of a priority scale to invest using a specific analysis followed by the implementation of a feasibility study.
IMPLEMENTATION, to carry out business activities in accordance with the recommended alternative options that are planned.
It's too difficult to condense an effective and lifelong investing strategy down into so few words. The world of business is very dynamic and you need to be constantly adaptable to new trends. I think diversification is a great trait to have if you are building up assets over a lifetime - you wouldn't want all your money in one place like cryptocurrency for example - it should make up a fraction of a wider portfolio. You could include bonds, stocks, properties and even other rare collectibles like alcohol, paintings or precious metals. I've found that to be the most successful strategy and you should definitely avoid trying to take shortcuts to wealth. Try many different routes to make money but keep your losses at a minimum. |
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Updated 05-27-2020As we are now under community quarantine because of this pandemic virus, we tend to play online games to lessen the boredom we feel at our home, so I wanna know your preference on choosing what gamble to play. There are two types of gambling for me, the skill-based and the chance-based. 1. Skill-based - these are gambling that requires our skills and techniques for us to win, such as playing poker, betting on races, and playing blackjack but the odds of winning are still different for people and it is always in favor of the owner of the gambling. Poker Blackjack Pai Gow Texas Shootout Horse Race Betting Sports Betting 2. Chance-based - these are gambling that you will only wait for the result, you don't need to do something or to think so deep for you to win because all of you have an equal chance of winning such as roulette, lottery, and other gaming machines. Casino games:Slot machines Progressive bonuses Bingo Roulette Sic Bo Baccarat Lottery products:50/50 raffles Pull-tabs Scratch’n win tickets 6/49 BC/49 Lotto Max Keno Pacific Hold’em Source: https://www.bcresponsiblegambling.ca/understanding-gambling/types-gambling
For me, I will choose the skill-based gambling because I am not hoping for the luck of life, I want to take action to make my life great. It is still better to think logically and analytically at any time. But if you are only a beginner, I think the chance-based gambling would be suitable for you, but do not stick only on that, you should improve yourself, acquire skills and knowledge through experience so you will be able to play skill-based gambling soon. That's a pretty useful list you've put together and should help newcomers quite a lot. It's worth noting that oftentimes casinos will try to mislead or dress up a certain game so it looks like something else. An example would be video blackjack - unless it is live (and you know the deck count + how often they are refreshed) then you won't be able to get an edge by card counting. Games where the house has full control of the payoutse are all internally engineered to favor them in the long run and players will not get any expected advantage. It's worth knowing the game inside out as well, because the house gets an advantage in 3-card poker which effectively rigs the game against the player - you need to be playing normal games like Texas Hold'em to win with skill. |
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