Yes, AI is poised to revolutionize gambling through enhanced analytics, personalized experiences, risk management, game development, and regulatory compliance.
"Enhanced analytics" and similar things are simply ways to make money by selling those stats, but in reality you can't make money by gambling with that information. At the end of the day the odds are a given, and the more possible an outcome, the less the casinos will pay. That's simply the reality. |
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Yes, the 1% Risking strategy is suitable for high-risk types of businesses or games. Some people will accept a higher level of risk, but I think 1% is quite suitable to help us more easily manage our accounts. It helps us minimize risks to the lowest level, and does not affect our total capital, thereby making our playing psychology more comfortable.
However, it must be added that this is just a tool to help manage risk in gambling, we need to combine it with knowledge, skills and analysis to achieve the best possible results.
At the same time, 1% might be too small amount to even qualify for a minimum bet, or also it could be too much and be over the maximum bet in a casino. It really depends on what the gambler is comfortably losing. For some, that will be more, and for others it will be less than 1%. Setting it to a specific percentage seems not to be a generally good idea. |
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There are a lot of crazy things I made in gambling and that is one when I say "all in" after winning putting all my money for the last bet. It is really regretting at the time I lose and talk to myself that never do this again. Unfortunately, things like this have been expected and still, it happens again and again.
Well, the point is that we have to enjoy the moment. Of course, it was hurt when losing our bet but should also recall back and think that we are not gambling to multiply our money but to be entertained. But if this won't work, I don't think we are suitable for this.
Yeah, I think you make a great point in focusing on entertainment. If a gambler is not entertained, then there's no point in doing it in my mind. The most probable outcome will be to lose money, so might as well have some fun while doing it. |
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It's a seemingly paradoxical situation: gambling is legal, but talking about it is restricted. Imagine a society allowing the activity but discouraging open discussions about it. The reasoning behind the ban, is to curb the addictive nature of gambling. Promotional narratives often focus on big wins, minimizing the risks and potential losses. Imagine positive gambling stories influencing people who wouldn't normally gamble.
The concern about the "contagious" nature of gambling through word-of-mouth or online testimonials is insightful. Hearing about someone's big win can spark interest in others, even those with no prior gambling experience.
I don't think the ban is about discussing it. I think it is about displaying ads about it. There is a difference I think. Mostly because if they start banning speech, then that's a bad thing really. But they have banned certain types of advertisements like tobacco, alcohol, etc. I think it's not something new. |
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~snip~
In our day-to-day life, we have to follow the rules of our country and/or where we live. But if we break the rule of the country then we have to suffer. We will get punished by the rules. In the same way, those who believe in any religion must believe that they will get punishment if the do anything wrong (against the rule of the religion).
In some cases religion will clash with civil law. This is particularly an important issue with migrants because they bring different religions and cultures that might not be aligned with the laws of the host country. Not sure what you can do in those places because religion and law for each person is seen as the most important thing. Hard problem to solve in my opinion. |
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The last few years have been nothing but gambling mania all over the world and this really spiked the number of gambling addicts by a lot! Just in my country we have a lot of new bookies in the city and I still wonder why my Goverment keep giving them license to operate because at this point there are too many of them ...at least in Romania.
Funny how lately even NBA has a betting app right ? I might be wrong but if you open NBA app , you can bet directly from there with MGM support which is crazy. It also seems that USA slowly but surely are adopting new laws for betting in majority of the counties.
That reminded me that even Andrew Tate started a few casinos in Romania recently. Seems like they are a very popular thing to do over there. I mean, it's a proven way of making a lot of money if you already have some money. It seems to be a clear money making business. The only issue might be government regulation, but as you say in some countries this is almost non existent. No surprise that there are a lot of casinos popping up there these days. |
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Here is a nice merit number where it matches the activity:  |
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Hi everyone,
Gambling has become very popular in the world , especially after the changes that have occurred over the years with modern technology and the abundance of games, we can now gamble with one push anywhere and anytime . More money is flowing to sites and casinos in huge quantities, and everyone’s goal is to win more ,As is always known, if there is a loser, there is a winner, and I don't think that the percentage of losers is greater than the winners .
Is this true gambling is not place to make money is place to lose it?
I hate to break this to you son, but the casinos are the ones making the money. People win and lose, and overall lose money, but the casinos consistently win money from any gambler. That's just the reality. Not sure how you want you cope with that, but that is basically how it works. |
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~snip~
I am seeing of them have fun while getting into the real thing. I know that there are some suspicious and just trying to attract more people sign under them or their agency for the casino that they promote locally. But sometimes, they're just for real that I know these people(agents) personally shares how much their players won but it's been a long time since I haven't seen them so it's probably part of the plan and marketing but, it's still allowed in our country.
Yeah, that is a good thing that your country still allows it. I think that personal responsibility should be the most important thing. But yeah, many people are going to be exposed to a weird legal framework in their countries I guess... It's the time to think about your membership I guess  |
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~snip~
oh, yes, if you consider casinos in real life that there's all the "this is an experience" dymension
have you ever seen comparisons between the profitability and total revenue of irl casinos and digital ones?
I wonder how distant they are since the online casinos can reach way more people without geographic limitation.
Yeah, that's a wonderful point you make. I don't know!. The relationship between real world casinos and digital casinos is unknown to me. I have no idea how that is related. But, I can see from the real world casinos that people still go there, and I can see from online casinos based on the fact that they are still there that they are receiving people as well. Not sure if there is an overlap though. |
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I think they are basically saying these two scenarios:
- A) you bet 1 BTC and get 2 BTC back with 100% probability (expected return is 1 BTC)
- B) you bet 1 BTC and get 6 BTC back with 50% probability (expected return is 2.5 BTC)
So, if you simply use math and maximize return, you would choose B), but if you prefer certainty, you choose A).
Mathematics has variations in application  You are absolutely right, but someone can make other calculations, for example, not count the expected return, but compare the potential maximum losses. In this case, in the first option there are no losses at all, and in the second case the maximum loss can be 1 btc. And then mathematics tells us to choose the first case. You are absolutely right. And the thing is that the original problem didn't have any specifications in terms of the original bet. So we can make up whatever we want. I think that the point is to think about what you are betting, and what you are getting in the end. That is a useful thing and can be applied to anything. |
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In what I know about AI working in the gambling industry I am simply doubting if luck could be manipulated like that but it is viable in some cases sure the house has this kind of AI feature but for sure if there is some AI predicting what is happening with gambling I will surely be impressed but not all can be solved with AI this is just what I think it is better to gamble on your own than to console an AI what you're going to do next,
For me, the application for gamblers is not viable but for the house, it could be used in random Casino bets and when the AI is going to make the gambler win a bet or not, or some application in the gambling industry that is not applicable for use in gambling.
Luck cannot really be manipulated. If you really look into it basically luck means a boring math definition. It's simply the odds of winning a bet, that in the case of gambling it is negative, that is the house almost always win. That's pretty much it, but "luck" has the connotation that you win. So it is kinda like a wonderful thing, so it is always described as that. |
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Just trying to get the communities opinion based on their experience about the topic.
Personally, a a bettor, I find it very stressful when watching the game you are betting especially if it will end up a losing bet.
If we have the same experience, how do you cope up with that problem, after all, gambling should be fun but why we have this kind of feeling that we feel disappointed when our bet loses?
Some people actually have a plan for this, basically they bet against the team they want to win. Therefore, they will be happy because their team won, or they would be happy because they earned some money. Win/Win. |
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The effect of gambling and almost any kind of addiction is almost always the people around that's affected the most, they're the ones that will deal with the things that don't affect you, financial problems are going to be their burden, emotional burden is also an addition to this, think of addiction like cigarette, the second-hand smoke is more dangerous than the first-hand smoke. That's why in most people that are trying to recover from addiction, they almost always say that they want to change because they want to be better for their family and then second they want to be better for themselves, the priority in recovery is already evident which ones affected the most.
Yes, the effects of gambling, and other addictions, not only affect the person doing it but also the people around them like their family, friends, and even their coworkers. Basically once someone is addicted to something it is really difficult to stop and most people will maintain or continue in their spiral downwards. It takes a lot of courage to step out of addiction and ask for help. |
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~snip~
I still think that if there was anything else at stake other than 1 BTC guaranteed for example, there would be more supporters of the other option. Because people often consider the value of BTC in USD or in their local currency. And this influences, tends to choose.
Yeah, I think it changes everything if you consider the actual purchasing power of 1 BTC vs 5 BTC. If you value it at almost $0, then 1 or 5 BTC doesn't really matter. In a similar way, if you value it at "more than enough" then it also doesn't matter, so basically 1 BTC ~ 5 BTC so you would choose the less riskier option. |
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It's still a bill so it's not yet a law. I have got a lot of friends that are gamblers and they always share their betting slip, wins and losses in their facebook accounts. Once this passes onto law then it will surely going to stop them from sharing the same content materials that have been done. A lot of them are agents of these casinos and that's why it will affect their hustle if it happens to become a law. But as of now, there's nothing to worry about it if it's not yet a whole law and not yet signed by the president.
Yeah, that's usually how people actually make money with gambling, through ads or social media, etc. To make money actually gambling is a different story, and it's actually quite difficult. But it's fun, so many people do it as entertainment. |
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"Your wins in gambling are just your money returning to you." While there's some truth to it, I believe it's an oversimplification. Yes, casinos have the edge, and over time, most players will lose more than they win. However, that doesn't mean every win is just a return of previous losses.
I have seen new players win big, and I myself experienced unexpected wins myself. Sure, there are countless losses, but not all the time. We should understand and not forget that gambling is about risk and sometimes luck will be on our side. House may usually win at the end, but it doesn't mean that we cannot enjoy the occasional big wins in the game.
It's simple maths really. At the end of the day gambling has a negative expected return. That's pretty much it really. You can paint it all over with fancy things, and make it fun, or whatever, but in terms of actual financial terms, you are expected to pay more than what you earn. Simple as that. |
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~snip~
I have watched some videos on YouTube about a guy I think it was in Las Vegas about someone who is being invited by a casino and instantly is on VIPs because his completely winning every day, For sure there are some losses but he's winning is already millions as far as I remember so casino is doing this invites because they wanted this guy to lose all of his money on gambling but I guess he is just lucky at some point, I mean It was surely possible at some extent to be able to earn a huge amount on a gambling casino and not losing in a way, but for sure there are only a few people that able to be lucky to do this, I mean its possible that it doesnt mean that it is going to happen to every one of us, so its better to not let your hope high.
That is always going to be a thing in case you lose more that just means that you're getting your money back, the way I see it is if you're not winning or losing more than winning you should just stop gambling since there was nothing to gain, still it is going to be fine for sure as long as you are going to do it moderation and for entertainment purposes.
The reality is that VIPs are highly valued by casinos, because they pour an enormous amount of money into their bank. Casinos keep giving these VIPs free meals, drinks, and anything else they need to keep betting in their casino because they know that in the end the VIPs will be paying for all the yachts of the executives of the casinos. If anyone thinks otherwise, they simply have been captivated by the story casinos share. |
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~snip~
1 BTC without playing? You mean that someone is going to give me 1 BTC for nothing? Everyone with a brain will choose the first option.
Getting money with zero risk will always beat gambling. You didn't mention how much should anyone bet in order to get 5 BTC. You say that the chance is 2 to 1, does that mean that we should bet 2.5 BTC in order to get 5 BTC? I don't believe that any serious gambler would risk 2.5 BTC for the opportunity to double it. You are kinda wrong about this. It's easy to make the right decision when you are rational. The problem is that many gambling addicts don't think rationally. They just keep chasing the big profits and are willing to risk everything.
I think they are basically saying these two scenarios: - A) you bet 1 BTC and get 2 BTC back with 100% probability (expected return is 1 BTC) - B) you bet 1 BTC and get 6 BTC back with 50% probability (expected return is 2.5 BTC) So, if you simply use math and maximize return, you would choose B), but if you prefer certainty, you choose A). |
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This thread makes me think how many of the petty crimes we all see in news and in the newspapers are the result of people getting addicted to gambling. You know, the first thing which comes to my mind when I see those sad news on Television, is that those who are involved would be the victim of addiction to very harmful substances like Cocaine or Crack, because that is like the most obvious thing we could assume. But in reality, it could be also people who have gambled away most of their assets and since they have become addicted to it, they do not see any solution to their situation, besides stealing to further push their addiction to new levels of degeneracy. In this thread we have learnt about people who were willing to kidnap their own family in order to continue to gamble, so I dont have any doubt in my mind about people going even further to please their insticts on gambling.  Those kinds of stories are the ones used by the Muslim community as an example of way gambling can be dangerous, then in reality, we as adults are the only ones responsible for our habits, in the end. Yes, that's the thing. Every single person is responsible of their actions, and their consequences. The problem is that many people don't like to have those consequences and realize they are the responsible of their bad choices. It's a hard truth, but that's just how it works. |
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