We know that regardless of the prospect of any business or investment, understanding the risk involved in the business is an integral part of the consideration one should consider before venturing into the business and when it comes to bitcoin investment, it's very basic yo know that the major risk associated with it are just a few of the ones below which could either be issue relating to hacking, lost or misplaced seed phrase or possibly sending your crypto holding to the wrong address considering it irreversible nature.
In our normal business we have risk also that are damn much which could range from fire outbreak, stealing, bad market, spoilage and lots of other factor that makes starting a physical business very risky and to have high possibility of yielding great loss.
so my question is, which is more risky?
A). Running a physical business that has a whole lot of risk associated with it or
B) running an online investment with high risk of hack that could result in you loosing all your asset.
This isn't really a sensible comparison. A business produces something, it turns a good or service into revenue and ideally a profit. People tend to run a business if they can see a profit in it, whether that is going into a steady mainstream company like a barber, electrician or dentist. Optionally you have high risk businesses that try to be pioneers in new areas which may have zero competition or heavy competition, like marketing or trying to get in early on a new product that is hyped up at the moment - think fidget spinners. Whereas buying bitcoin is doing nothing of the sort, you are simply buying with the belief that you will one day be able to sell it at a higher price, when none of us really have an idea which will it will go, continue upwards or get displaced by something that causes it to trend downwards. |
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When I saw a survey indicating that the majority of voters chose the player that only a handful of experts expect to win over the player that has proven to be more dominant, it blew my mind.
I am talking about the boxing match between former champion and big star Anthony Joshua and mma star Francis Nganou. However, I remember not long ago I refused to place a wager on Real Madrid because I desired Girona to win La Liga. In addition, wagering against the Los Angeles Lakers when matched with the best NBA teams is difficult for me.
I want to find out if there are individuals like me. What percentage of the gamblers in Bitcointalk are wagering and not wagering to their dearest star player, club and team?
This is perhaps leaning into the realm of personal biases and deep subconscious discrepancies that are hard for a gambler to understand. It is why clean and simple, mathematics driven odds simulation by the data scrapers that allow bookmakers to come up with odds, will always beat the average joe who will generally be poor at making anything beyond a simple decision, like a top league football team beating a lower league football team being statistically likely to happen. When you get into things like multi bets, most individuals won't stand a chance at winning them consistently over the long term and they are one of the most profitable areas for sportbooks. People naturally tend to drift towards familiarity and it is quite impossible to stay up to date with all teams and players at a reasonable level. |
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Quitting smoking has two big benefits, and I've been doing it for over 3 months. And both can be said to be long-term investments, apart from long-term health, the money used to buy cigarettes can also be used to invest and I invested in Bitcoin.
In one month I can spend approximately $90 to buy cigarettes, and the price of the cigarettes I buy is around $2/pack for one pack a day and sometimes more than one pack.
And by quitting smoking, I was able to increase my regular monthly Bitcoin purchases from a portion of my monthly salary as well as $90 per month in cigarette money.
And I definitely felt a difference in my health and also saw a difference in my Bitcoin holdings after increasing my purchases, and I wish I could do it forever. Honestly, even though I don't do it, sometimes I am still tempted to want to smoke again when hanging out with friends and also at certain moments.
And the strong reason I stopped smoking was because my wife likes to nag me if I smoke at home because I have small children, and over time I decided to stop smoking. And previously I tried it several times but failed, and now I haven't smoked for more than 3 months and I hope I can do it forever because it has two extraordinary benefits. Health and can increase my investment.
Everyone who smokes should seriously seek to stop, I did it for a long time myself. It is a disgusting habit that will send your teeth yellow, give you awful ashtray breath, make your clothes and anything you touch stink along with destroy your health. You might start in your teens or in your twenties, but by the time you hit your 30's or 40's it is not impossible to stop, you just have to mentally prepare for it and be aware of all the things that trigger you, then have a plan for keeping your hands and mind busy - the urges to pick up a cigarette are strong at the beginning, but as you reformulate your life back to normality, it gets so much easier. 6 months or even a year in you'll have saved yourself a massive amount of waste and misery in so many different ways. |
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Recently, I have come across a post on this board that has to do with something related to superstitious beliefs and gambling. In the post, the poster was giving an instance where somebody's father gave him a game to play and he ignored it, and when the game ended, it happened that what he was given happened to be the result of the game, and the same thing repeated itself the second time where his father came again and asked him why he did not play the game and gave him another, which he failed to play again. However, I am meant to understand that some people go as far as visiting seers and the rest of the spiritual houses to help them play or see the outcome of the games they want to play so they can win big.
So I was wondering if there is any connectivity here, or do you believe such could happen in your own situation? Can you do such a thing to win? Have you had the experience of going to such places to seek predictions on how the outcome or results of games could be if they worked in your favor or not? Have you had anyone say or tell you such before and how their experience was?
Let us discuss and share your experience so that people could hear and learn from your story in the quest for you to win a game that led you to doing or going that extra miles in such engagement.
This seems to almost delve into the religious side of things again, or pretty much the super natural is another way to spin it. At this point, you've decided to stop finding your faith in science and basic mathematical odds, in the hope that "thoughts and prayers" will magically make you rich, because that is what everyone is essentially looking for when gambling. That itself, the underlying greedy, would tend to go against many things that so-called spiritual leaders are against - they teach to be humble, selfless, and giving - not wasteful. All that money you're pouring in the hopes of multiplying many fold, and not to give away after you win, is purely for your own self interest. It's just a layer of hypocrisy if anyone does this, but I don't think they do. |
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In general, leadership describes a close relationship between a leader and a group of people who are led because of common interests. Leadership is the central point and dynamist of the entire process of organizational activities. Leadership is absolutely necessary when there is cooperative interaction between two or more people in achieving organizational goals.
Paul Hersey and Ken Blanchard in the theory of "Life Cycle Leadership" which was later renamed the theory of "Situational Leadership" (1969), argued that the essence of leadership is achieving goals through group cooperation. Leadership should be placed at the front followed by management. Why leadership must be placed first is because leadership basically reflects the leader's process of creating a vision, influencing the attitudes, behavior, opinions, values, norms, and so on of followers to realize that vision. The figure of a leader is very important for the economic growth of a region because the rules he makes will boost the rate of economic growth when it occurs effectively. investors will also feel comfortable with the right leader because their trust in their funds is well maintained, now there are many examples of countries experiencing good economic growth because they chose the right leader what about you, do you agree with the right leader can make your life as a citizen, businessman or an investor comfortable? It's obvious to anyone who's been in a professional or at least medium and higher size workplace that having the right leaders is needed to keep a company cohesive. Not only can they be the figure head of companies, but an effective company will need many decent leaders all throughout the chain and playing their respective roles. If you're running a food processing factory, you need to be as confident in the marketing team as you do in the hygiene team, that all the right steps are being taken to benefit the company. You also need a leader that is balanced, because being too kind or being too aggressive, or even too volatile, can lead to a unhappy or unproductive workplace for all. |
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A lot of people have been clamoring about how gambling has ruined their life but same gambling has set some people up for life, just like every other form of investment there must always be a profit or a loss. And life is so balanced that what works for Mr A might not be the same that works for Mr B. Likewise in gambling, while some are crying about their loss they are some who are smiling and celebrating their win.
Gambling has been seen as a very dangerous thing base on some people's point of view here in the forum whereas in reality it has given some people the capital to start what ever business they want to do. My point in this post is that we shouldn’t just paint gambling all black because some people have fail to stick to the discipline of gambling.
I believe that before one make a decision in life, they should've already weighed the consequences of making the right or wrong choice, then put their fate on luck coupled with their little knowledge concerning what they're about to decide on, so why complain and play the blame game when things go wrong? "Share your thought on how gambling has come through for you if you got any".
Everyone makes a choice when they first sign up to a gambling site, they either know that they will lose their money eventually or they have a plan to make what little they can and run away with it. If you play the game properly and happen to live in places where it's available, there are a whole host of opportunities to make money with "matched betting" and welcome bonuses. If you have the discipline to unlock this free cash, you can leave the gambling scene a winner and never return. Optionally, there are many free games out there and you can play them as long as the casino doesn't ban your account. People who talk about being unlucky, are the ones who didn't do research and figure out that the mathematics is stacked against them ever winning. |
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Not a day goes by without a tech company announcing major job cuts. Today Paypal and Block (both payment service providers) have announced a total of 3500 job cuts, and recently Salesforce, Microsoft, SAP, Google, Ebay etc. have also done so. According to https://layoffs.fyi, 25,000 documented tech jobs have already been cut this year. What do you think? Is it just a shrinkage and normalization after the strong build-up of the workforce during Corona or a long-term trend that will accelerate through the use of AI? These companies are often in quite high profitability, so they could probably spare this excess slack - but they do have a legal duty to their shareholders to make the maximum profits possible. Businesses can also change over time and a dynamic business is much more likely to survive in the long run. Those who do not adapt will die out and even more jobs might be lost in that scenario. Then some business sectors just disappear entirely, which means new avenues for profits must be found or the remaining departments could be better optimized. These companies are back on a high after having rather huge dips over the last years, at least in the stock market, which showed that they are not infallible to the ebbs and flows of the economy either. |
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A family member reported to me that her eighteen years old son has started gambling. She is not worried that he is gaming but her problem is that he is a student that solely depends on her for everything he needs. Her fear is also that her son might start stealing from her if he has no access to the money he needs to gamble. My relative has even started suspecting that some money she feels was misplaced might have been stolen by her son.
I spoke to my nephew and he told me that he has never stolen from his mother to gamble. And he gambles with only his savings from his weekly stipend he receives from the family. And he won't gamble if he has no savings to do that. From my observation, he is a responsible gambler that is just enjoying the game and making a little money occasionally. The gambling age in my country is 18+, but his mother is insisting that he must stop. What will be your advice for this young boy?
It sounds like a dangerous road to walk down at that young age, when there are so many more interesting and better things to give them variety in life. They should be out making friends, playing games, socializing and traveling with that sort of money. It also makes it harder when they start getting paid work, because they've got gambling on their mind and the amount they start to plow into it may go up. If it were a family member of mine at such an age and you are around enough to influence them, really try to move them away from this and help find a new hobby - take them kayaking, get them into an MMA gym, even just going out for hikes, as they may not have many friends to do these things with and end up trapped trying to fill up their time. |
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Look, you can be old and rich or young an poor, but being old and poor is bad shit.
A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.
All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.
The youngest have the most powerful thing at all when it comes to finance: time. One thing that many of the richest self made people on the planet did when they were growing up was to experiment with many different strategies and allow themselves to fail, because it gave them experience and the ability to refine their skills. It is applicable for all fields of life, utilize those first ten or twenty years of adulthood to figure out how to make money, or even how to lose it, because you may be the one person who can swing a profit in a new area or come up with a mixed concept that has found just the right time to work. However, when you make a decent amount, be sure to start saving and diversifying because it can come to a stop more suddenly than you might expect. |
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Hi gamblers,
So, a particular discussion on the gambling board which I am part of; actually put this question into my head, and I thought I should ask the gambling community here, so we could possibly have some fun discussion it.
And the question is very simple, Between the older men (talking of from 60 years old and above), and younger men (talking of from 18 to 45 years of age) which of this category of men actually gamble for fun the more?
If I was to answer this question, I did say that the older men are more likely to be gambling for fun, than the younger men, and this is due to several reasons which I am not going to mention yet, but will see users who share in this same view of mine will be able to also come up with same reasons.
So, feel free guys and ladies, lets discuss.
I'm not sure really, because you can have different types of enjoyment out of gambling and two people at different ends of the spectrum might find it equally entertaining. Someone who is closer to retirement age, if they've gone through life to that stage, could be well versed in risk management and fully in control of their finances, yet might still like to place a small bet on the weekend - a parlay even - and get an extra bit of joy out of watching their favorite team win. Younger people may also have a lot of cash to throw around, if they got lucky and found a well paying job, of which some could end up on giving them some extra thrills. However younger people are perhaps more susceptible to falling down the path of addiction due to a lack of experience. |
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My bold call 80% real estate crash.
The assets wich are not traded on exchangers like cars and real estate Are by default like NFT the price goes up only If someone will buy with higher price.
The art and Luxury goods and watches also about to fall.
Btc,gold,oil,Silver,and all the other assets listed on exchangers and have a lot funds to lock the lowest prices Are much Safer.
Now it's time to learn hard way If you don't understood markets you better not even spend money to buy home without learning first how the finances and market works.
Silver i would'nt buy because germany producing silver a lot and there is more suplly of Silver than demand.
the whales using the "falling locks" specially for btc so that's btc is far more safe Investment now than real estate. Becouse assets wich traded on exchangers have only limited downsides priced in monthly lows and highs.
Make that "your dumb call", but then again you've not even specified which property market we're talking about - China? America? Europe? They all have vastly different dynamics and while loosely connected have large differences. Some markets have 30 year fixed mortgages which are not affected by short term winds, others are newcomers who have tried to grow very fast and are likely unstable or other markets can be driven largely by renters so are less bothered by price changes. Then again, there is not much correct logic to anything you've posted, as you spring from real estate, to precious metals and then the stock market - try to analyse one thing instead of many, because even in the worst financial crisis for decades in 2008, the property market barely dropped 15%. |
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Gambling though is a risky game that the chances of winning and losing is in equilibrium but however in other for one to have a possibility of winning, it requires a steady income.
Having a steady and regular income is very important as a gambler because it would enable you to scrap out money you should use for gambling, feeding, taking care of yourself and family and other miscellaneous.
A gambler who has a steady and regular income can have the possibility of winning because his gambling habit can not affect his personal obligations as a man even if he's an addict because being addicted to gambling doesn't actually implies that one will eventually stake all his money on bets but rather someone who plays gambling frequently. By having a steady income, he can take care of other life responsibilities without being affected by his gambling activities and moreover, someone who have a stable income can be aiming to win higher amount in his bets and might be lucky of winning one day and use the money to establish an investment.
Your thoughts on this
Unless you have acquired a special talent for some form of gambling like poker or betting on horses, it's pretty much unavoidable for any adult to have a job - although we all go through periods between jobs or some people might stick in education until much later than others. Anyone that wants to place a bet should be funding it through money they've earned themselves, because the alternative would mean you are leeching it away from some other source and probably shouldn't be spending on this form of entertainment. It will also keep you much more balanced as you're betting, because unless you've earned the money you won't know how hard it is to make it. As you say as well, the structure that a job gives your life also means that you don't spend all your spare time on this. |
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There has been extensive talk about how social security systems around the globe are having issues due to declining birth rates as well as a decline in the quality of employment for younger generations. But another less often talked about issue is that almost nobody is able to make savings anymore. Think about it. We all know at least some boomers. Most of them bought a car in their teens, a house in their thirties, went on frequent vacations and still even with all that were saving money beyond just for retirement savings. Since that time, wage growth had stagnated, house prices have skyrocketed, and the purchasing power of the average salary has been going down. So aside of the social security bubble potentially bursting in the future, there's also a bigger underlying issue. Purchasing power has only been getting worse from generation to generation, and thus being able to make any savings is already a distant dream for most. Younger people just keep working more for less, to s point now where mostworking people can't put even a single dollar aside. Could there be a solution for these issues? Economists have long argued about the strengths and failures of our economic system, but alas it appears as though "trickle down economics" has failed humanity. So, do you agree that radical changes are needed? It was inevitable really, the "West" had things very good and easy for a long time, but other countries in the world - huge ones like China and India are fighting their way up. All these materialistic things in the world come from finite sources and when there are more consumers around it means that purchasing power in these big importer countries will go down. America used to produce a lot more of the stuff that they used, then they decided to export it to places like China where it became cheaper to make, now the Chinese have a taste of the good life and don't have plans to turn back. Countries like America and the ones in Europe have had good times for a long time, so they will need to adjust to this new reality. |
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Hey, guys! Are any of you emotional gamblers who often lose because you can't control what you feel? When you lose, do you tend to double your bets or chase your losses, driven by a pride that can't accept defeat? Do you consider this a problem? If so, has anyone here been able to solve this kind of problem themselves, and if yes, how did you do it?
I have this problem, and based on my personal experience, I find that sometimes I get challenged but not too greedy because I don't have a problem quitting when I'm winning. However, when I'm losing, that's where my struggle lies.
That's why I shared it here; I feel that some of you may experience the same challenges, and I'd love to hear your ideas or experiences on how to win this battle so we can enjoy gambling.
This is basically what makes casinos and bookmakers so much money. If everyone made a single bet and the pain of losing was strong enough to deter them from doing it again, then the gambling business wouldn't be anywhere near as profitable as it is. However people can often not take being wrong, which is what a losing bet means, so they can tend to lash out and try to take revenge. However these companies aren't interested in revenge, they just crunch the numbers and let the math do the talking. Some people are also poor at controlling their anger, instead of trying to re-evaluate what went wrong and looking at themselves as the problem, they want to make their money back and also punish the gambling companies, but it doesn't work that way either. |
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Note!!! that this is from data published by the CCP, so probably 386% might be more accurate https://www.bloomberg.com/news/articles/2024-01-17/china-s-debt-to-gdp-ratio-rises-to-fresh-record-of-286-1Archived is paywalled: https://archive.ph/bYIYMThe macro leverage ratio — or total debt as a percentage of gross domestic product — inched up to 286.1% in the fourth quarter.
What does it mean? It means simply that right now China's total debt is higher then the USA in debt/gdp ratio! https://www.ft.com/content/630f828c-ce4b-4f41-a867-9593bfaf0528How bad is it? Exclusive: China orders indebted local governments to halt some infrastructure projects-sourcesPretty bad since the CCP is asking local government to stop infrastructure project, might not sound that important, but this is China and the CCP, infrastructure projects as big as they can be are a show of power and wealth, the megalomania things they built are not just for practical purpose but for their politics, as every dictator would want buildings bigger, shinier and bigger again than everyone to show the world his might! Usually with citizens starving to death looking at them! The new directive gives a more detailed list of infrastructure projects for the governments to avoid, two sources said. Beijing is concerned about potential default due to the local governments' large debts and weaker growth prospects, the sources said. China's local government debt hit 76% of gross domestic product in 2022, the latest data available, up from 62% in 2019 and dwarfing central government debt at 21%. Now, one can start to understand why China is scared of a property crash, the real estate constitutes 30% of China's GDP, if that would take a 20% hit it would balloon the debt to 305-310% to gdp bankrupting local governments, and this is the reason why prices are fixed in China, see my other topic about how they try deal with that: China real estate crisis: Buy a house and get a gold bar!
PS! I'm pretty sure that some even after readying the title are already typing something about the US debt so keep the shitty low effort propaganda whataboutism out of this:  Stick to the topic and leave the frustration of having a green card rejected somewhere else!  I know it's a pain for some who wake up ten times at night to check if the de-dollarisation is happening to read stuff like this, but again, this is reality! While every country tries to massage and sooth their numbers, more developed countries understand that creating independent statistics which accurately diagnose problems in the economy is more important than trying to appease the dictator in charge. The problem with communist and authoritarian countries is that creating a problem, even something as innocuous looking like compiling figures, may often annoy the wrong political person which can make your life a lot harder. Then you start to end up in an echo chamber, where figures are tailored to what looks good and makes the country look better, rather than helping to identify a problem. The more Xi Jinping sticks around, the worse this is going to get. |
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Take it or leave it, some part of me still want to make free money from gambling, even when I don't gamble every day, and while I am a very cautious gambler.
Some people are trying to hide behind the cotton, stating that they are gambling for the fun of it, I will like to ask them this question if I can get them to answer.
Is there any spirit of good will when you intentionally give your money away in order to just have a good time gambling?
Because taking money away from gambling simply makes the game not worth playing.
Will you still participate if money is not involved? Many people will easily quit if all casinos are to be turned into no-money games, isn't it?
Money is still the real reasons why we gamble, been addicted or not, mutual greed or not, all gambling is done to make more money or get some form of reward in the end.
There is an element of wanting to be right and seeing how good your skills are at accurately predicting future events. However the real validation comes from actually benefiting from predicting things correctly and getting a pay off. You might argue that this is an inherent trait in many things we do in day to day life, some people might be investors - whether in the stock market or trying to convert houses for a profit. They are doing something similar and feel like they have spotted a value opportunity. So money is an important part of the structure, because virtual money games just feel a bit empty. One thing that should be considered is the bond, of profit and loss, that these games trigger in our deep down instincts. |
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It's no secret that after the Kovid pandemic, China's economy has been hit pretty hard. Further problems were a continuation of the economic confrontation with the U.S., which was not a smart move on China's part, as overestimating its strength is the biggest mistake.
Then there was (and now the problem continues) Evergrande and in general the real estate market and related sectors of the economy....
And the day before yesterday the news came out: China is considering the option of withdrawing 2 trillion yuan ($278 billion) from offshore accounts of state-owned companies to save the record falling stock market. Bloomberg writes about it.
According to people familiar with the matter, Chinese authorities are considering a package of measures to stabilize the falling stock market after previous attempts to restore investor confidence failed and prompted Prime Minister Li Keqiang to call for "forceful" steps.
On the one hand, it seems to be the world's second economy, "the world's factory", nominally "the second pole of the bipolar world", on the other hand, it is no longer possible to hide the problems and it is necessary to take such measures. The question is: since the situation with the Chinese economy is no longer manageable, and we have to take tough and prompt actions to save the economy - how do you think this will affect the global economy, the crypto market, and what to prepare for?
Before Xi Jinpig, China had a chance - they were opening up both economically and also to people who wanted to explore the country. They relaxed massively from the devastating era of Chairman Mao, which crippled them. That is the era that brought so many people out of poverty and it had the potential to keep winning by using that strategy. However now we have a meddling dictator again, who undermines any pretense of independent law and order. That targets business sectors seemingly at random - driving away the overseas investment that helped them flourish. He allows bubbles to grow, because on paper it gave the illusion that China was even richer. He also knocked out political opposition, which ends up with the leadership living in an echo chamber that will end up in their own demise. |
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Addiction to gambling is not a problem for some gamblers because there are some gamblers who are addicted to gambling, but it doesn't affect the other activities of their life. They take care of their families, wear good clothes, smell nice, meet up with appointments but still cannot control the urge to gamble. It doesn't affect their life because they can afford to gamble and manage the loses they make. So, to these people addiction is not a problem. They are addicts, but because they are successful, their addiction is ignored or excused as it is not a problem.
So I am need to know, is addiction only bad when it is a problem?
The word addiction does definitely denote something extreme going on and may imply an inability to moderate your behavior. If you have an addiction, it can often lead to the detriment of other things that you are doing in life and maybe doing something too much. You can have an addiction to body building, but even then some people get a distorted view of themselves and set objectives that most other people would see as crazy. Some people have an addiction to keeping a tan, but when you start walking around like an orange mess, there's a chance you have taken it too far - especially as you might encounter other risks, like higher risk of skin cancer in this example. Then again, many people have heard the phrase "functioning alcoholic" which would fit into this category, but even they will often break at some point in time and it all blows up. |
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Look, you can be old and rich or young an poor, but being old and poor is bad shit.
A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.
All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.
While saving is the first step you begin to take when your finances are stabilizing, it is really better to invest when you're young (after you've got a bit of a buffer stored in savings) because the bank interest rates will rarely beat the returns you get from the stock market. Now is maybe an exception, because we are in that rare scenario where you can get 5% solid from a almost zero risk bank savings account, or get less than 5% yield from big companies like Coca Cola. The difference with many bank accounts is, they will often only give you a guaranteed rate for a set amount of time like a year, whereas if you see a good buying opportunity in an investment you could get way better compounding returns in the long run. |
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Guideline 1: Gamble no more than 1% of household income
Don’t bet more than 1% of your household income before tax per month. For example, someone with a household income of $70,000 before tax should gamble no more than $58 per month. Recently I decided to risk only 1 percent of my gambling portfolio into each bet. This makes my bet risk free as I know that even if I lose the bet i will lose only 1% of my gambling money. Do you guys also follow a similar strategy like gambling with 1% or 2% on each game? This way not only we are safe from losing big amounts but at the same time, we never find ourselves in a situation where we go all in, in some bet and then have the fear of losing all of our money. You must have heard 1% strategy in trading, the same can be applied in gambling too and believe me, you will feel a lot more comfortable using this 1% of your money in every game. This also gives you a lot of games to play before you end up on your money as on every bet you will use 1% of your money. In case you lose all bets, you will be playing 100 games because your money is exhausted. Gambling is all about risk and benefit vs reward. One other way of looking at the risk to reward ratio in this equation is that the bookmaker calculated that they are pretty much likely to win 1 out of every hundred bets they offer at those odds. Which also means you will have to win such odds one hundred times independently, if only betting your initial amount, in order to simply double your money. That seems like a very painful process and would sap any type of fun out of gambling, besides that - there are more "freak" events than you might imagine when looking at these sort of events. I personally have witnessed about 3 bets in the 1.03 range fail to win in short succession, when they should be pretty much guaranteed winners. |
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