Hi guys. Someone will explain to me why gamblers have such a strange logic: if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."
But according to the laws of mathematics, the chance of such luck becomes much less, doesn't it?
If you hang around gamblers in casinos for long enough, you quickly pick up on those who are chasing luck or think they are due for a win, which goes against the simple reality of the odds. It's also big business and a lot of research has gone into the psychology and tricks that get people to spend more. There is no logic to it, the simple reality is many people are bad at math or are so desperate to win, that they throw any analysis out the window. There is no reasoning with someone who has not used reason to take their position. |
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Here the story my Cousen 60 years old been working all his life STARTED as construction business.
So he got a lot money he was working all his life never spending but re investing in business and working tools
Then he decided to go Open bank account in Monaco and getting resident status there and he got refused.
Even he had all the proper paperwork and proof of all his life legit income
They didnt Even explaining to Him properly why he just wamted to go and live Nice place for his retirement so we realised it's not just money it's status and connection but Also got be something else ... becouse those who are not legit ones can Even Open bank accounts and living nice there but why they refused honest person got me thinking it's not Even about money just something else what play here importance
You seem to think that they owe you an explanation, but they don't. There is likely a limited amount of applicants and that country has an extremely high threshold for entry, a few million makes you a pauper. Your cousin likely understands the situation more than you do, if he has been able to accumulate a high level of wealth. Sensible people are quite happy living next door in Nice and doing a day trip when they want, rather than the empty trophy of acquiring citizenship in a such a location when there are many better places for cheaper. |
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Hey house someone need a few clips here, don't know if a post of this exact nature has been discussed though.
In a situation where the both spouse are gamblers. Husband gambles, wife gambles, how can both of them manage the situation in terms of finance and the family affairs especially when children are now involve so that the time both spends on gambling doesn't affect family moments and affairs in general.
Would it help if one of the couple quit for the other and if that's the case who should quit for who.
People that have a compulsion or have form a habit should probably take a step back. The saying "everything in moderation" should apply to all parts of your life, especially with the vices. It can become a very expensive habit very quickly and depending on your game it can be devastating. If you are playing a game which is weighted against you, like most casino games, then the longer you play the more detrimental it will be to your finances and you may end up chasing them in a downward spiral for a long time. Better to abstain from it entirely if you wish to quit, rather than trying to reduce. |
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So as we are here, the world economy is in a mess. The world population is increasing, and the amount of land per person is decreasing. People are running out of options and opportunities. In this world the situation we are in right now, which one should you choose or have chosen? Both options have their pros and cons. I want to know from your experience, which one is better than the other. Are you satisfied with the path that you have chosen or do you have any regrets about it?
To explain it a bit more, inventing a job means doing something on your own and creating an opportunity for yourself. This could also include creating opportunities for others too. Those who invent their own jobs can design positions that are in line with their particular skills, interests, and values. This gives them a sense of fulfilment and autonomy that may not be available in traditional employment options.
But it brings risks. In order to create or invent a job, you need investment. Each and every investment comes with risks and this is no different.
Finding a job also has its pros and cons. One pro is that it does not require investment of personal assets. You are working for an organization and you will get paid at the end of every month. With that being said, it is hard to find a job nowadays. Less opportunities and competition have made it so hard that many people are staying at home unemployed after graduation. You need particular skills, knowledge and experience that are required in order to get that job.
So which one should it be? Do you take the risk and invent a job or do you want to keep running the race knowing the possibility of winning is very low and you may never reach the finish line?
[NOTE: if this topic has been discussed before then let me know.]
This is the logic that every entrepreneur uses, often finding gaps in the market and capitalising it to the max, with as much speed as possible. If you are first to market and able to push your product far enough, then it can give you a huge advantage in the long term. That being said, it is not an easy task to create and run your own business, especially when you're doing it solo and it's often best to seek legal and accounting advice in the early stages of you're about to release a product or service. Having the right insurance is also key. |
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I noticed there has been some topics about how first time winning is dangerous. What I am saying is someone that has not gamble before, to gamble and win. That it is dangerous. Yes it may be dangerous because the person may have the exciting mind to gamble more and lose. But that is not the whole true story.
If not talking about the first time loss gamblers that later become addicted, what you are saying is not completely true. If we can do a survey of gamblers that won or lost in their first game, the people that will chose won can not be 100%. They might not be 70%. It may be 50%. Some people will gamble for the first time and lose and continue to gamble. The main reason is because they think gambling is a way money can be made. Unless they change their the way they think about gambling, that gambling is is not a money making means, first time win or loss is not necessarily the cause of their addiction.
Gamble with the money you can lose.
What's even more dangerous is that casino and gambling companies know this, which gives them incentive to engineer their gaming platforms to give new players more wins after they've just registered. They will likely have statistics showing that even if they give a player back more than their deposit amount during the first few days of consistent play, they'll be able to get more out of the player long term. So not only does the player face a trap of their own making, there is great bias for the gambling site to psychologically trap someone too. |
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Moody’s Cuts China Credit Outlook to Negative on Rising Debt
TLDR
The real estate is so much in debt and local government rely so much on sales of land for those that is a vicious circle in which money has to be put in to keep a thing that just redistributes money around with a lot of inefficiency.
So the government has to bail out local governments and real estate constructors so they don't go bankrupt and end up bankrupting the govemermnt itself, that's why the public debt of China is somewhere between 250% and 300% depending on what statistics China itself publishes, but the money that kept funding this debt is not in danger as the real estate market cools so suddenly a ton of it becomes impossible to pay back.
Speaking of the BTC implications, this should make in theory a few chinese go from real estate investment to either gold or bitcoin but...there is a problem with the second one! ;)So don't get your hopes up on anything significant moving into BTC, unfortunately.
It has always been inevitable that China's economy would come back down again, it has had so much growth over such a long time that it has to slow down. The CCCP take the wrong approach though, as they are constantly trying to prop it up and defy a natural boom/bust cycle. A lot of excess can build up in boom years, which is often only trimmed back by a period of bust. The complexity of the "communist" market system will also make things harder to unravel because nobody likes reporting failure all throughout the chain. This can hide a lot of problems and make the eventual outcome much worse than necessary. |
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I know there are bettors here who dream of investing in sports betting and hoping to consistently make money from it.
So, I'd like to ask the following questions:
1. How much bankroll can you afford to start with?
2. With your bankroll, how much expected profit do you anticipate in a year?
3. Will you be content with your profit? If not, have you considered increasing your bankroll, even if you cannot afford it?
Bankroll management is only worthwhile when you have a chance of making a consistent profit, which is not true for most casino games. It only applies to something like poker, otherwise you're likely to just be slowly depleting it every time you play. If you are playing poker then the recommended amount is likely 100-250x the big blind if you're only playing one table at a time. It's much larger than people might expect, but you can rapidly burn through even that amount. Most people are unlikely to have enough if they're just starting out. |
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Awhile ago I was curious about negative side effects of terraforming antarctica. How much woul dmelting all of the ice there raise sea levels. Sources I saw claimed sea levels could rise 100 to 200 feet above current levels if all of the ice in antarctica melted. It was an eye opening statistic. Now it seems scientists are projecting a piece of ice the size of the US state of florida could break off the ice shelf and melt. Potentially raising sea levels 16 feet above current levels. World leaders like Barack Obama and Ivanka Trump are not heeding these warnings. Considering they continue to buy up beach front property. With the term climate change refugee being coined in regions like bangladesh and the maldives. As unfortunate beachfront residents are forced to move further inland. What trends can we expect from this. And what steps can be taken to address them. Perhaps crypto tokens and coins have a role to play here in subsidizing solutions to climate change. [/quote] The only people predicting the sea levels rising by 100-200 were making up a load of rubbish, based on fear mongering and with no basis in science. The volume of water stored there has been known, or at least fairly accurately estimated for many decades. The real danger from losing the attics are changes to the weather systems which rely on heated and then cooled air currents which move across the whole world. If those stop working then some very unpredictable weather conditions might set in and get much more severe, which is the biggest danger. |
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Does anyone here really utilize these online crypto casinos to place bets in bitcoin and have you had much luck with it? What have you found to give you the best odds in winning? Is there any skill involved in any of their games or is it all purely chance?
What a random collection of questions with pretty obvious answers, this whole section is built up around cryptocurrency casinos and pretty much all of them started with bitcoin. A lot of them will actually be offering very similar games, even from the same white label operators that work behind the scenes, where the sportsbook can actually be the distinguishing feature - on what they offer and some might have better odds than others. Almost every casino game you'll find being advertised here will have fixed odds that favor the house over the long term, so you're never going to get rich from them but might be able to cash out with a decent win if you leave early enough. |
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Working remotely is now a common thing, and some persons may quickly choose that option of work if offered by a company. Working remotely can become as hectic even more as working in the office if care is not taken. Before sharing tips on how to effectively manage working remotely, some major disadvantages and problems this can cause are; Distractions and lack of boundaries
Many people work from home because they want more time to spend on their hobbies or with their family. But the lack of a concrete boundary between work and home can lead to distractions such as interruptions by the kids or doing domestic chores during work time.
Knowing when to stop
As a remote worker, it can be difficult to know when to unplug and stop working, making work feel never-ending. In one study, 39% of remote workers reported working longer hours than they were supposed to.
Loneliness and isolation
To effectively combat those issues, here are some tips; Find the right space
Whether it’s a room in your home, a shared workspace, or a favorite coffee shop, the environment matters when working remotely. Make sure temperature and noise levels are comfortable for you, you have plenty of space for your equipment, and it’s somewhere you’re not likely to be disturbed. Look for areas that offer natural light to help you feel energized.
Set a schedule
Working remotely often means more flexibility – so you might have more choice about when you do your tasks. But while this can be a very good thing, you might find that not having such strict deadlines means work bleeds into other areas of your life, which can be stressful. So it’s important to set yourself a schedule and stick to it as much as you can.
Get dressed
No, seriously. It may be tempting to work in your pajamas, but it won’t make you feel professional. And it’s not a good look on a video call. Clothes influence our mood and emotions, so wear something that makes you feel motivated, professional and confident. Getting dressed for work will also help you mark the distinction between work and home life, helping you switch off when the working day is over.
Plan breaks
With no prompts to take lunch and coffee breaks, remote workers can find whole days passing in front of a screen. Taking a break is energizing, especially if you can get outside, so set yourself a schedule and make sure every day features at least a walk around the block. If it’s not possible to go out, get some activity going indoors.
Communicate, communicate, communicate
Working remotely requires more communication – not less. Use instant messaging and group chat to stay in the loop with colleagues and projects, video call into meetings, and above all, check in with colleagues and managers.
These are some great tips and while it can seem like common sense, many people can miss basic things that make working from home tolerable. Personally I love the sociable side of going into the office and having more interaction with people during the week, even though I spend a lot of time on calls during the day it is still completely different to being there is person. Having that physical separation of the work space allowed my mind to switch off to work, because it can be far too easy to blend your day with lots of interruptions and end up spending too long working away. This seems to be a common problem because a lot of businesses must be seeing low productivity with the drive to get people back into the workplace. |
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Hey house someone need a few clips here, don't know if a post of this exact nature has been discussed though.
In a situation where the both spouse are gamblers. Husband gambles, wife gambles, how can both of them manage the situation in terms of finance and the family affairs especially when children are now involve so that the time both spends on gambling doesn't affect family moments and affairs in general.
Would it help if one of the couple quit for the other and if that's the case who should quit for who.
It depends on the scale of the gambling going on. If we're talking about 1 partner buying a lottery ticket each week and 1 partner spending all their spare money from wages on an addiction, then there is a big mismatch in the relationship. It's the same if two people in a relationship are smokers, knowing they have to quit, but chances are one of the two has a stronger passion to quit than the other - it's rare that people will hit that rock bottom moment at the same time. In reality, each person needs to figure out their own motivation to quit and apply it, but getting them to do it at the same time is harder. It's going to be difficult for just one of the two to quit if both of them gamble on the same things. |
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One of the solutions which is recommended by most gamblers on this forum for gambling addiction is "Therapy" . Professional help in the form of therapy. It is good and very effective but how many persons can actually afford it? There is a fee for each session that lasts for a duration of 60minutes. And there are more than one session. Therapy for gambling addiction is expensive. How can those who are unemployed afford it? How about the college student? Or the person receiving minimum wage. What are the other low cost but very effective solutions to gambling addiction. And typically how long will it take before the addict starts to feel more in control and less withdrawal symptoms?
Will totally appreciate your responses. Thanks.
One of the problems with this is that therapy can often be expensive and gamblers will often have trouble scraping together the amounts needed to keep it going for a while, as one session is unlikely to be enough. It's also not guaranteed to help everyone, even if you did have the money for it. One thing that is worth considering however, is if you've reached the point of feeling like you need therapy, then you are admitting you have a problem and could be nearing rock bottom. It is often when people are at their lowest ebbs that they have realizations that maybe what they're doing is not good for them and that you can get a better life by choosing a different road, which is the first step to getting out of the gambling addiction rut. |
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It's not enough having an investment plan, knowing the right choice to make for every investment defines the investor better. Take for example jumping on every new coin we find on reputable exchange might not be enough guarantee that coin will do well in the future.
Some coin might have good Supply but low liquidity, some might have high market capitalisation but very poor volatility. Although it's hard to predict the accuracy of a coin performance in the near future this why it is always advised to stick to the known which is BTC.
Another option is to spread ones portfolio amongst different coins but ensuring the have a greater percentage in projects with a visible future. It is better to win small and lose less than lose more and win less
This ties in with procrastination and being paralyzed with fear when it comes to investing money. Luckily we're back in an era where banks are competing to offer larger savings rates, based on the interest rate rises from central banks. That means that even low or zero risk appetite investors are at least able to get close to earning at the inflation rate. However inaction can be a dangerous thing when it comes to finances, as if you fail to make any move then the value of the money you do have is evaporating over time. Diversification is also key, it's nice to have a pot of liquid cash for emergencies, then have most of your money in the stock market and other smaller pots of money in things like gold or crypto. |
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Does any of feel behavioral change in you based on the win/loss in gambling. Myself had experienced it, and personally I used to be happy and I used to be polite with my family members and kid whenever I am on profit. On the day of losing it changes exactly in the opposite way, even for simple things I get much anger. Particularly while giving food to kid patience is must. On winning days I let him take his own time and eat. On the losing days I used to shout at him. I'm addicted, and I want fellow gamblers to make a self analysis at regular interval and be on the safer side.
I think once gambling starts to effect your emotions and temperament then you have veered into the side of problem gambling. It's good that you had self awareness and caught these changes, because many people simply lose control and don't acknowledge the problem that they have created in the environment around them. Nobody likes losing, but it is a very common outcome from gambling and people can often react in negative ways when losing consistently. If you are gambling more than once or twice a week, it's also habit forming and habit reinforcing behavior, where you might have lost the original purpose or benefit that brought you into the game. Sometimes it's a good idea to take a long break - weeks or months - if you're starting to feel this way. |
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so i have been starting to plan out some finances ready for the run upto the 2025 ATH and the correction after. so thought its time to rearrange some bank accounts
i have not visited a bank branch in 15 years so my previous experience(though great) is outdated
i decided id actually step inside a bank branch and see what advice they give(seeing if they will pitch me some investment plans that are better than standard bank interest(you know up-selling their product range))
i was expecting a greeter at the entrance asking what service ill need to work out if i need a sit down adviser, or go to the cashiers desk or book a consultation..
..upon entering. no one
i walk around the corner to see what would be the greeter hiding away to the side playing on their personal phone.
i approached and got the greeters attention and got the greeting where they asked how they can help
i told them i want to possibly close some account, open other accounts and shuffle some money around
their first response was "you can do it online"
and my first response was "but my feet are standing right infront of you"
i think they got the hint and asked me to sit down as they walked off to get their corporate tablet.
they accessed my account and i started describing how i was looking for good interest rate accounts.
they with excitement and enthusiasm told me the accounts i was interested in changing were great interest rates (under 2% and under 1%)
i informed them that its 2023 and there are interest rates on offer by their own company of 4-5% which they should be promoting to me
they informed me i could go online and see what best accounts are on offer. and i repeated i am now sitting in a bank branch which i took the effort to visit specifically for the personal service of doing it in branch.
they reluctantly started explaining the accounts. how the 5% AER(annual) was variable. and i said i dont mind about future years as long as its 5% this year. meaning 100k now= 105k this time next year.
they explained no it doesnt work like that, its variable per month. to which i explained. no the A of AER is ANNUAL.., its simple math
5% annual equivalent rate is £100k in = 105k after interest in 12 months.
they didnt want to debate, so instead told me i can go online to find out more, and then moved the conversation to discuss a 4% that was "fixed for 1 year"
i said fine ill take it... set it up for me and then we can move some money into it straight away
and here is the kicker
the bank branch adviser said they do not open accounts in branch i would have to go online..
and so i made a great suggestion. they should resign if they cant do a banking job, they should close their doors and put a sign up in the window that says "go online" as thats really all the advice they want to give/offer.
..
i think the banking sector is ready for a downsize and to go fully online soon anyways.
i couldnt believe it, 2023 and a bank branch cant even open an account for someone standing right infront of them
and in the space of 7 minutes told me to go online 4 times
(i have no problem doing it all online but i wanted to see what the personal face to face experience was)
(i wasnt actually interested in 4-5% interest as most fiat would have been pushed into investments of better interest yield/deflationary assets)
Your story comes across that because the bank was not begging you for business they were not worthy of your money? Sounds like you might have a superiority complex. Banks have been downsizing for decades now and their physical footprint has dropped a lot in the 15 years since you last entered a branch. You can do most of what you wanted to do online, so they were absolutely right and had no need to pander to you, like you were some kind of royalty in your own mind. Most people find it super convenient being able to do almost every single banking service from the comfort of their own home these days, but you seem to find that to be an inconvenience? How bizarre. |
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With hundreds or probably thousands of games online, I'd like to ask why would you choose sports betting?
I believe that sports betting has become more popular here in the forum since most gambling sites, our reputable gambling sites are already sports betting on the menu. So, out of curiosity ( don't want to assume), what are the reasons why you fall in love with sports betting?
Moreover, I like to know if you really believe you can win in sports betting in the long run, or you just really think no chance because every game can be win by luck, sports betting is not exemption.
Sports betting is one of the few games out there where it is possible to beat the house, even if they do have a calculated edge against you - it is far from a dead cert. They put a lot of resources into making the right predictions on their side of the bet, but the outcome is not a fixed and computer generated result that they have control over like they do in a casino game. This allows people who are able to perform better analysis on the odds of sports a possible winner, but they have to overcome the buffer and margin of error that the bookmakers bake into every bet they offer. There are syndicates and a few people out there who have been able to profitably beat casinos over long periods of time, but they like to stay very quiet for obvious reasons. |
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What term retirement usually denotes to is, to stop working. People often don't like job, so to retire usually tends to be on top of the list. However, if one likes what he does, he will do something similar to pass the time even after retirement.
Now, I'll be honest, I dunno what I am driving at but I wanted to spark topic about retirement. Now, you go,
The vast majority of people are stuck in jobs to pay the bills and not necessarily because they want to do it, but then again jobs can often give some people a purpose in life and a reason to get out of bed in the morning. A lot of people often have a hard time adjusting to working for 40 years and then having to let go of that routine, so it can be a painful transition period, especially if they are pushed out involuntarily which often happens with redundancies. I enjoy my work luckily enough, but if I was given a million tomorrow it would definitely set me up to retire long before the usual retirement age and I could happily find things to fill my free time, although you have to make an extra effort to socialize because people are social animals. |
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If you work as a staff member in a physical casino as a dealer or in a sports bookie, I know that there are subtle ways you can use to encourage responsible gambling that will not go against the terms and conditions for staff.
For example, suppose you encounter a gambler who has wagered $200 at the table and is currently winning $6k. Would you express to them, "Hey, you're up $6k, and you initially entered this table with $200. Walk away, Take your winnings, go!" or will you say, "It is very admirable to know when to stop"?
What will you say within your limits to encourage responsible gambling?
I'm not sure I understand, neither of those things would get you kicked out of most casinos really, but they would probably get the gambler to tell you to leave them alone and stop telling them what to do. Anyone who enters a casino or gambling institution has made a decision to be there and is not necessarily looking to make friends, or seek advice from strangers on how they spend their money. The best you might be able to do is console them, or buy them a coke after they've spent their money, but you should never seek to encourage them further. You'll find people in two states of mind when you visit such places, those who know that the place will take everything from them if they stay too long and those who might make it out up on cash if they leave quick enough after a lucky streak. |
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There are many organizations and people in Asia are boycotting Israel's product because they're stand with Palestine. But I see it's really wrong because they mixed up both Western brands and Israel brands as they boycotting brands like: McDonald, Fanta, Garnier, Nestea, Starbucks etc. I'm not sure what's their reason to do that, but I take McDonald as the example, they boycotting McDonald because McDonald's franchise in Israel is supporting Israel. They forget if it's a franchise, it's not the McDonald's headquarter is supporting Israel. The franchise in other country has no relation with Israel, yet people boycott them. This can give effect to their own economy because the franchise will not make money to pay the employees, resulting salary cut or get fired, unemployment rate will increase. AFAIK there's only one brand, that clearly supporting Israel, after all it's your choice to boycott them or not. It's really not make sense to boycott franchise's product, if you want to boycott Israel's product, here are their brands https://en.wikipedia.org/wiki/Category:Israeli_brandsIf you want to support Palestine, find the trusted charity in your respective country and make a donation on there. Think smarter, don't ruin the economy in your country because of sUppOrTInG PaLEStinE by doing that. Boycotts, or at least attempts at them, seem to happen every other week now due to some controversy or other. They are quickly forgotten in he interconnected and globalized world that we live in. The fact is that so many supply and services chains overlap that it is harder than ever to distinguish the geographic location that sometimes thousands of components come from in, for example, an item of technology like a car. However they can sometimes be useful for keeping a company in check, if they take sometimes extreme views on a certain topic and public pressure can cause them to roll back obviously discriminatory rules. Look at budget airlines for example, who are forever trying to cut back in the search for profits and sometimes need a reminder on basic decency. |
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I have always advised people not to take gambling seriously but I myself became heavily addicted to live blackjack from stake.com and kept winning and losing. In this case I will not blame the gambling site because they give live cards. I started the game with just $20 but gradually I got addicted to it and wanted to gamble and win bigger amounts by depositing bigger amounts. I lost $1700 playing this way then I decided to play with a much bigger amount and recover all the losses then quit gambling for this I borrowed 270000 BDT ($2180) from the bank and deposited there. But unfortunately I lost them. Now I am financially so weak that it has become very difficult to meet my family expenses and I owe the bank $2180 which will take me a long time to pay off. Now it will take about 2 years for my financial situation to be normal again. Gambling addiction set back my normal life by 2 years. I am a victim of real experience and I am sharing my real experience with you. Don't make the same mistake I did. And never decide to gamble with a loan. If you do, your situation may be similar to mine. so beware of gambling
Get it right, you were always losing slowly. With a bit amount it can take a long time to burn through if that's how you play, but you were never a successful gambler. A successful gambler is one who knows the odds of the game they are playing as it develops, or that they are only playing for fun expecting to lose it all. Sometimes it can take many attempts for people to realize how devastating the addiction has become for them, often requiring you to hit rock bottom before you will abandon it forever. It's a path that people who quit smoking often have to take, many people may attempt to quit throughout their lives but at some point finally break the habit and it takes a total rethink of your life. |
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