I have the same opinion. 

I have nothing against the wagering requirement. Bonuses are optional and you shouldn't choose a casino only for their bonus. Play like you would and if you happen to get the bonus and do all the wagers it's good for you, free money!

The requirement has become a standard in the industry and It's not going away. It can get lower but it won't disappear. One of the reasons for it is you cannot get rid of abuse in full. There will always be innovative people who will find ways to do it and there's a lot of poor gamblers who'd do a lot for a few dollars. The wagering requirement is the easiest way to stop the abuse. It's that or full KYC on registration and nobody has time to do that.

Everything should be approached with caution and limited trust. I use last pass, it's a great tool. It should not be used to store the most important information like all of your important email addresses, bank accounts, anything that has to do with money or private information.

I use it for burner spam emails, sites that require registration to access but it's nothing important. I've downloaded software a few times that wouldn't allow me to use all features without registration. I don't need to remember my password to such sites in case I ever need them. Also, as long as the data is encrypted and they inform users about a breach you have a lot of time to change your leaked passwords before someone cracks the encryption.

Seed phrases, private keys, everything of this sort should be kept offline, preferably engraved on something that doesn't burn and well hidden.

The problem with this thinking is you're trying to choose one or the other.
Bankers and politicians are doing the same thing when they say that bitcoin cannot be used for this or for that and will never be a reserve currency when it's not trying to be!

Bitcoin is the ideal money for emergencies. It's also the ideal money for fighting unethical and unlawful government. Do you remember what happened in Canada during the protests? Trudeau started blocking people's accounts to make them freeze and starve. This was an abuse that wouldn't happen with bitcoin.

Bitcoin has its benefits and it's a great tool that people never had before but it won't be the death of fiat money. Even if one day the world goes digital it will be centralized currencies vs decentralized ones and most lazy people will continue to choose centralized because it's easy and you don't have to read anything.

Unfortunately, that's it.

At 50% if it was just math your probability of rolling a win in dice should go up with every loss and after a few thousand rolls you should be at around 50% of wins. That's not the case with online dice though because you're not physically throwing it like in a real casino but you're running the same algorithm along 100  users or more at the same time.

The algo is going to be at 50% win but one of you can be getting more wins than the other. It's possible someone who plays at the same time is getting 5 wins and you're getting 5 losses in a row and the total stats of the game remain at 50%.

Probably every single person who plays dice had a streak of 10 or more losses in a row at 49% even though in a real game of dice you'd have to try very hard to achieve that.

I feel the same at times but I don't consider myself unlucky in life, just in gambling.

My gambling luck might be at 25% but my total luck in life is at least 50%.

I wouldn't be so sure.

You assume that every exchange is in the same league, playing the good game.

Some exchanges in the past were known to be money launderers like the once popular BTCe. There are exchanges that tried some shady things in the past and don't care much about their reputation like Yobit. Many exchanges situated in poor countries will agree to exchange stolen for you for a fee.

Why do you want to invest in the space?

It's an important question because if you're a newbie with a lot of money but 0 experience, you should not be getting in just like that. It's reckless to put a lot of money on the line.

A newbie with no experience and little money should look to dollar cost average into bitcoin first. It's the safest route that won't get you scammed.

If you really want to get into altcoins get some bitcoin first and buy yourself some time to think about your next moves. Maybe you'll find out that altcoin market is too volatile for you or that you don't have time to watch all these projects.

Real casinos are inviting with their looks, dimmed lights, the atmosphere, sounds of coins and chips, they want you to stay as long as possible and feel comfortable. They'll give you free drinks, even send women your way to watch your game, be cheerful and keep you in good mood. It all depends on how much you're spending.

Online casinos make money by offering easy access 24/7. Everything is fast, anonymous, can be done without exchanging a word with anyone. You register and play. This is really important in many Asian countries where people are more into technology and less into human interactions.


That's why they make big wins, jackpots so visible in real casinos. They want you to feel like a king and for everybody to notice you.

They know you'll be looking for this feeling and it will will bring you back to them.

IMO this is going to extremely limit the amount of players you'll get on the site. It's just too much of a hassle to gather a group of people willing to play this game with you and then make them join the same game and deposit coins.

Nobody is going to start empty games knowing that he'll be charged anyway, regardless of whether the game takes place. I know this is a beta stage of the game and it's how the system works, but the whole point of playing a PvP betting game is getting a random opponent.

I just know that if I try to explain to a friend that if he goes to that site he can win money if he wagers more than me, but loses if it's less than me, and then we all pay a fee on the win, I'm going to get that "are you trying to scam me?" look.

This is not a normal situation where someone spends days soldering and probing your hardware wallet to get your coins out.

When your wallet gets stolen you should use the seed to gain access and move the coins to another address. Judging by the amount of hardware and software that is needed to perform this attack you should have more than enough time.

You could say it's possible to guess someone's password, but how much time is this going to take? Many people have simple wallet passwords so if you get their wallet file you can try a bruteforce attack.
The same can be said about a wallet that belongs to a dev. It's important to keep wallets with as much money as he had offline or at least on a separate machine that has its own firewall.

Ity's easy to compromise your computer by downloading stuff from the Internet especially from hacking forums. Game cheats and cracked software are often spiked with malware.

The price of bitcoin is unrelated to its performance. In the now famous covid crash of 2020 bitcoin went down by a lot and this had nothing to do with it but with how the US stock market reacted to the announced lockdown.

Bitcoin was doing fine, there was no bad news and it crashed from 9000 to 3000. What's happening now is a very similar situation where bitcoin is doing ok but the US stocks are going down and putting pressure on companies who are invested in both stocks and bitcoin and those who borrowed money to invest in bitcoin.

This is why you shouldn't care about the price. Bitcoin can be worth 10000 dollars tomorrow and 20 thousand next week. It doesn't matter unless you think you know what the next move will be and will try to capitalize on that.

Like so many posters in this thread I'm both. It depends on the mood, the type of bet, the sport that I'm betting on... Sometimes I have a gut feeling about something or I follow a team and I know they can do well without asking anyone. Sometimes I'm not that sure and need to consult statistics and predictions.

Most peole are expected to be like that unless they're experts in the field and bet on their own all the time.

Depends on the rain amount. I've been to casinos where they had rains that were getting divided among so many people that what you ended up getting was dust. Literally cents if you were to exchange the money.

While the feeling of seeing you on the list of people who got credited is nice people aren't dumb and they realize that after a day of gambling all the summed up rains aren't even 0.1% of their wagered money and this is not going to make them stay.

Levels of account that ultimately give you bigger prizes aren't a bad idea or weekly bonuses based on total wagered amount.

That's in fact what decentralization is. It's not controlled by a single pool. 2 pools may together have 51% but not a single one can and it's in their best interest to keep it that way because to have 30% of mining you need to be heavily invested and by messing around trying to launch a 51% attack you're throwing that investment away.

That's not a sure thing if you think about how fiat economies are built. Putin didn't care about the economy when he launched an attack against Ukraine. If you were a wealthy Russian investor in 2021, you probably stopped being wealthy in 2022, or even like some of them you stopped being alive.

There's no way someone with a good strategy will go into debt and ask random people on a forum for money.

If you're good and have a working strategy you should be able to play low stakes until you get enough money to go high stake again and start earning big. Out of money? If you're good it should be no problem to get one of your friends in the game. You're not making them risk anything because you "know" how to make 500 a day. You can even take a fast loan. Banks will give you 1k just like that.

OP took all the loans he can and cannot do more and is a compulsive gambler who will try anything to get money even borrowing from strangers.

From my experience the market is so illiquid that a big move can happen overnight, while you sleep. That's why people recommend to do DCA because your risk is very low, you're putting some money aside and you're always in.

There are 2 most popular ways how people approach investment in bitcoin. One is to DCA and keep adding to it without looking at the price. The other is to wait for a 50 % correction from the high and then start buying. At the moment we're down 70%. If you're still afraid to buy than I doubt you'll ever be confident enough.

I agree with you here. The years don't seem to be worse if you do some critical thinking.

2020 was really bad we had that covid scare and lockdowns. 2021 was great, bull market on bitcoin, lockdowns being lifted, 2022 was much worse, but mostly because the governments are trying to manipulate the prices of their fiat currencies and stop inflation that they themselves caused by printing money in 2021. I'm positive about 2023 though. As we approac bitcoin halving and they won't be able to increase rates anymore, we should do ok, at least if you're smart enough to accumulate bitcoin.

For me it's also mostly sports. I don't mind to play something else like crash for a minute but I don't enjoy these fast paced games like I used to.

I also rarely have time to keep playing things that bore me like dice and I have such a bad luck at slots that I don't even try.
Probably most of my successes in this came from sports betting, especially football.

Great to see this OP! You didn't spend a whole lot, more like the value of a burger or something, but the investment has to start somewhere.

I hope your first buy brings you joy and becomes something you remember for a long time as the day you've got into the world of decentralized money.

My advice for you at the start of your journey is to curb your expectations and not check the price every day.

Nobody does the calculation for a single roll, but I guess what OP is trying to say is that people who know the theory know what to expect from their game and don't come crying to ask "what happened to my money?" after a loss.
Knowing the theory allows you to at least know if someone's advice is good or completely useless. Know that a casino makes money from your wins and losses and you're never doubling your money when you win. Understand that some strategies like martingale look good in theory but when you do the math you know they suck because after 20 losses if you finally get a win you're not back to your starting money. The game doesn't reset, but you've lost money.