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541  Economy / Gambling discussion / Re: Claw Machines: a category of gambling? on: April 02, 2024, 08:44:24 AM
Nowadays you can find these claw machines in many stores, restaurants and malls. They are popular among young people, and are always shining captivating colours to the eyes. Most of them reward soft toy or cuddly toy and electronic gadgets, while there are also few versions where you can grab paper money available. You just have to be skilled enough to manage collecting the prize with the claw, dropping it into the collect box right after.

In order to play, you have to risk money from your pocket for a single or few attempts with the claw. In most attempts, however, it's like the prize will slip from the claw or you won't even achieve collecting anything with it, since it's made of a slippy metal.

Do you consider this a category of gambling game? What are the chances on long run? Skills matter, or do you have to be lucky, nevertheless?


 

I wouldn't personally consider this gambling, but a "game of skill". I think there is an actual legal difference between the two in some countries.

In this one, you are basically playing a game like in a fair. It's a skill game, that is usually hard to get the prize.

In a casino, the games are random. You basically throw a dice and get a result. This one is just skill.

Also, you get a prize, not money. And also you probably won't spend all your life savings there anyway.
542  Economy / Gambling discussion / Re: The madness of gambling addicts. on: April 02, 2024, 08:41:33 AM
~snip~
And if I do so, I think I would see more "regular" customers, than addicted gamblers. I think there is a difference between those two. Person can be gambling regularly, but wasnt bringing all his monthly salary as soon as he gets it. Regular gamblers indeed spend a lot of time gambling, but they know when to stop; at least they have a stop button or can pause gambling for time. That is why I say, that I barely see really addicted people. People who only gamble. And I see regular gamblers in offline casinos. People who are often lonely or have nothing to do, and casinos are the place where they get special attitude or "ears" who will always listen to their complains and talks.

I am not sure some of them actually know when to stop.

There are many, many people that end up in a horrible situation in casinos. And that happens extremely frequently.

People keep losing all their money every day at casinos.
543  Economy / Gambling discussion / Re: Where is the fun when you lose your money? on: April 02, 2024, 08:39:35 AM
~snip~
I am among the people who do not agree with you if your perception is that gambling is only for profit. A person's fun cannot always be measured by how much money they make after gambling, some gamblers only try to relieve fatigue after a day's work or relieve the burden of the problems they are facing. The atmosphere in a gambling place can give them pleasure and inner satisfaction that cannot be measured in money even if they lose after placing a bet.

If you assume that looking for fun in gambling places is just a waste of time, then mountain climbers or rock climbers are also wasting time and have a greater risk than the money spent in gambling places. A person's fun cannot be measured with money, mountain climbers can feel a sensation that is difficult to express in words after successfully reaching the peak, the feeling of tiredness, time spent and ignoring daily tasks is not comparable to the sensation of pleasure felt after successfully achieving their goal.


Yeah, but at the end of the day, the amount of entertainment a gambler can get will probably never cost that much.

A ticket for a concert, plus an all you can eat and drink dinner, etc, all that would be nothing compared to one night at the casino gambling away without limits.

There's just no comparison in terms of entertainment.
544  Economy / Gambling discussion / Re: Have you ever done something crazy to bet? on: April 02, 2024, 08:38:00 AM
~snip~
No employment, just a bet. Smart deals have guarantees; gambling doesnt. No pay, healthcare, or retirement. You cant succeed in business by chance. Casinos strive to win, not donate. Hopes and dreams cant make you rich.

Even while some say its for the thrill, everyone wants to win big. Ambition is fine, just like in politics. However, planning and self-control matter. Those who gamble must know the odds, respect their limits, and quit when necessary. Management-understanding risk and the worth of your hard-earned money—is the actual difficulty, not beating the house.

Yeah, it's a risky business.

Some few lucky people might win the jackpot, but the vast majority of people will end up paying for that, and way more actually.

That's how casinos make their massive amounts of money. By having gamblers pouring all their life savings into them.
545  Economy / Gambling discussion / Re: Is AI going to affect gambling in any way ? on: April 02, 2024, 08:36:18 AM
~snip~
So most of the time we will be misguided because we are the last touch of an AI before the casino. They have already made adjustment to their system for AI t work for them, and despite using an AI, there's still no way to beat them, they'll always stay at the top (which is normal) and we are still trying to find a way to beat their system which is unbeatable.

I guess we just focus our energy somewhere else, of course AI can help us but there's also a limitation, and like mentioned, we can't beat a casino.

Maybe, probably on the smaller casinos they might not be up to date, so there might probably be a way to get some value out of AI.

But I reckon most of the time the best trained AI will be used to generate the odds, so there's nothing a gambler can do since the casinos control the odds.
546  Economy / Gambling discussion / Re: Have you ever done something crazy to bet? on: April 01, 2024, 10:47:48 AM
~snip~
There’s little point in indulging in the activity if you don’t get some form of entertainment from it. You’re more likely to lose money than to win some so there’s little point if you’re playing just for the money. Perhaps having constant hopes of winning some big money someday keeps people going.

I wasn’t one to skip school then to go gamble and I haven’t really done anything crazy in order to place bets; There wasn’t any reason to.

Mmm, I think that's why some people think of gambling as a job.

They are there because they want the money. Some gamblers genuinely don't enjoy their time there. They only want to make the money and go.

The reality of course is different, and most actually end up losing money.

So, as I said, it's better to have some fun while at it at least.
547  Economy / Gambling discussion / Re: Is AI going to affect gambling in any way ? on: April 01, 2024, 10:46:10 AM
AI has huge impact on many industries and it will also has its own impact on the betting world. If some people are thinking about exploiting betting companies thru AI, I guess it is the opposite. AI will be more beneficial to betting companies. There will be zero to little arbitrage in betting anymore in the future due to AI detecting all the odds the other bookies are offering.

I can also imagine banned or people not allowed in gambling or are doing illegal activities like laundering will be tracked easily. This is the same situation in my country wherein there is a system where all banks can access on the credit score of all people that have bank accounts.

Yeah, technology is usually applied first at the casinos, and then it gets into the hands of normal people.

This is because casinos have the money to pay for developers, researchers, etc.

They have a lot invested in these things.
548  Economy / Gambling discussion / Re: The madness of gambling addicts. on: April 01, 2024, 10:45:10 AM
When was the last time in your life when you saw gambling addicted person? Or have anyone of you ever seen such people? I see a lot of people talk about addicted people, but all they know about them is from reading articles or someone has told them. I have also read about ludomania, but in person never ever seen addicted people. Or maybe from first look it is impossible to tell if person is addicted. I have only see drunk people near offline casinos. But I doubt that they were addicted gamblers.

I would say many are gambling daily at the local casino.

Just head into any casino in your city and you will probably see a few addicts there.

Specially if you go late at night, they will be there playing all the time.
549  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: April 01, 2024, 10:43:53 AM
~snip~
The percentage of people losing their bet is far greater than those winning their ticket. Casinos would have been seized to exit if the opposite is the case due to liquidation and bankruptcy. However, it's not true that gambling is a place to lose since it's not a place to make money. This statement is being used to create awareness among gamblers whom might have the believe of becoming rich through gambling. Quite alright, there are few people out there making a decent amount from gambling but that's not always the case.

The reality about gambling is that, it's actually a place to pass out time and have some entertainment with your money while there's possibility of making more money in the process but that should be the last thought in your mind. Thinking you can make money from gambling on a norms is misleading one's self and shying away from the reality. You don't want to lose? Kindly stay away from it.

Although that is true, the fact that the illusion of making money is there is basically the main driver of gamblers.

If the games were the same, but you would only win points instead of money, they would be not as popular as they are today.

Gambling is popular because of the illusion of becoming rich, not the entertainment value.
550  Other / Off-topic / Re: Dont chase your loss on: April 01, 2024, 10:42:11 AM
~snip~
It is true that cases like this often occur in the life of an addict. By pursuing victory, he dared to take big risks by betting without proper rules. An addict will spend all his money and sell his possessions to be able to gamble.
An addict has a weak conscience so he will do bad things that harm himself in the future by gambling with inappropriate money so that he will feel how stupid he is when it is all over and he has nothing left.

Yeah, that's usually how it goes.

Someone will get addicted, then lose all their money. Then, any money they can get their hands on will also evaporate.

It is a tricky situation to be in, and you don't want to have your money accessible to an addict.
551  Economy / Gambling discussion / Re: Does gambling excites you ? on: March 29, 2024, 12:34:13 AM
Hi,

There are always things that we are passionate about doing, such as video games, football, basketball, and sports in general, meaning that everyone has something that excites them and makes them want to do.
Like others, I get very excited when I sit down, take my phone, and start my bets. This does not mean that I am addicted, but rather I find it more comfortable and I have more fun.

Does gambling excites you? What motivates you, winning or just the fun in it ?

I think that if it doesn't excite or entertain you, then it is a bit of a wast of money.

The most probable outcome is to lose your money, so might as well have some fun at it.
552  Economy / Gambling discussion / Re: How possible is it to win lottery 14 times using mathematics calculations on: March 29, 2024, 12:32:05 AM

Navigating through articles online got me attracted to a catchy caption yet disturbing (the link posted below).
I am  a stern believer that gambling. Which I believe that lottery is, is purely a game of luck rather than skills or expertise.
How this managed to happen repeatedly for 14 times means it's not just luck, something else must have happened.

https://www.unilad.com/news/mathematician-won-lottery-14-times-317063-20231230


Leave your opinion if you think it's 100% luck to be  winner or there is a particular skill needed.

It's in the article.

He basically bought all the tickets, so of course they would win every time.

Now, it's not a great investment because if someone else wins as well the prize is divided.
553  Economy / Gambling discussion / Re: Is AI going to affect gambling in any way ? on: March 29, 2024, 12:27:42 AM
Of course, AI will affect gambling, I don’t know whether this will happen soon or not, but it will certainly happen. To be honest, I thought 5 years ago that it was no longer worth learning to play poker because I saw all sorts of programs that calculate a lot of all the opponent’s indicators. And after that my desire to play poker went away. I don't want to play against opponents who have all the statistical indicators about me and my actions. With AI it will become even more uninteresting. It’s better to just go and play offline if you want, there won’t be any AI there. Of course, time goes by and the improvement of AI will naturally occur, because it concerns money in gambling and first of all it will be used here.

I think that it's most probable that most casinos are already using AI in different ways for years.

For example, they could create ads using large language models.

They could use models to identify who to give free drinks, etc.
554  Other / Off-topic / Re: When you are not to gamble. on: March 28, 2024, 02:33:30 PM
~snip~
For gambling addicts it will certainly be very difficult to get rid of their gambling habits and there are even some of them who think that not gambling will make their day unpleasant even though when they gamble they lose in gambling, yes of course everyone who is addicted will makes them spend a lot of the money they have on gambling even though they lose a lot so they will still try to gamble again when they have money that they can use to gamble.

Yeah but the whole thing is that some people are not gambling addicts, they just like the thing.

It really means that some people are fine stopping altogether at any time and others have a hard time to do so.
+
555  Economy / Gambling discussion / Re: Does gambling excites you ? on: March 28, 2024, 02:32:01 PM
Hi,

There are always things that we are passionate about doing, such as video games, football, basketball, and sports in general, meaning that everyone has something that excites them and makes them want to do.
Like others, I get very excited when I sit down, take my phone, and start my bets. This does not mean that I am addicted, but rather I find it more comfortable and I have more fun.

Does gambling excites you? What motivates you, winning or just the fun in it ?

In general I would say things that excite me are things that have an unknown factor in them.

That includes pretty much anything in the world, but things like meeting new people, or meeting a new way of doing things, etc.

Basically discovering new things are usually great.
556  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: March 28, 2024, 02:28:28 PM
~snip~
Some people may find that a moderate amount of gambling during breaks or downtime at work does not interfere with their job performance. Some people may even discover that participating in low-stakes gambling games helps them relax and clear their minds, allowing them to return to work feeling renewed. Everyone copes with stress or boredom in different ways, and as long as the gambling behavior does not become excessive or interfere with one's duties at work, it may not be appropriate to describe such people as "crazy."
That being said, it is essential for individuals to check their gambling habits and avoid developing an addiction that could harm their job and personal life.

Yeah, I agree with the sentiment here.

If you can bet while working that means you can be using that time to do whatever else, like facebook or any other nonsense.

If that is the case, then it is all good in my mind.
557  Economy / Gambling discussion / Re: Gambling Is Legal In Our Country But if You Promote It Online You'll Go To Jail? on: March 28, 2024, 02:26:09 PM
Here in India, as such gambling is illegal (unless it is in the form of government approved lotteries). And a lot of times the illegal gambling dens get raided by local police (that is unless they pay the bribes on time). But the government is completely helpless when it comes to online gambling. They can't take any action, because the web servers are situated abroad, in countries where gambling is legal. Law enforcement is always a step behind in terms of technological innovations. In the end, government ends up losing valuable tax revenue, and the citizens still participate in gambling through the online loophole.

Yeah, it really depends on the actual country that you live.

It is such a different world when you go somewhere else, because you assume everyone has the same rules, but the world doesn't work like that at all.
558  Economy / Gambling discussion / Re: Can Anyone +18 Play Gamble? on: March 28, 2024, 02:24:48 PM
I don’t think, experience is a factor that should be considered before letting someone gamble as I think, experience can be gotten more easily from gambling in person.
I think 18 years is the global age of maturity as that’s why it is always stated to be 18 years and above because at this age, one should be matured enough to make decisions in its own and be able to bear the consequences of their actions.
With the availability of online casinos, especially the non KYC casinos, a lot of under aged are already getting in the gambling space and I think there is nothing the casino can do about that and that’s why their is always a bold banner to warn underaged that only 18+ are expected to gamble.

Yeah, 18 years seems to be the standard go to age for anything in the world.

It is clearly an age where things are changing, and yeah I think kids are becoming adults.

I think it would be great if there were more talking groups amongst older and younger people so that they know what they are doing, but yeah, seems like a great thing assuming that happens.
559  Economy / Gambling discussion / Re: Get one btc right away or 5 btc with a bet? on: March 28, 2024, 02:21:30 PM
~snip~
It is good to have a chance to win 5 btc in bull run but it is not possible in gambling. 1 btc bet will get 5 btc in it but no one can guarantee exact win they are predictable. If I lose then I will lose one btc which I can never recover even if I wanted to. Gambling is all about luck so it is better to hold one btc when the market is going on a bull run rather than looking for luck in gambling to find our best. It is safe option and best available from here.

Yeah, that's fair enough, but that is the most conservative view.

Of course you can make 5 BTC but that comes with a risk.

Many people seem to be happy to receive that risk, but personally I would just take the 1 BTC with less risk
560  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: March 27, 2024, 10:22:58 AM
I worked in an online casino before in my country, since our platform was new at that time, our bosses gave us money on our account to try and play different games from different gaming platforms. Try the platform before it is released. And as time passed by and our platform was released, one of my co-worker still plays, but this time on different platforms. I was not sure if it's allowed but our manager just let him play since he is the one who bring lots of profit in the company. I may no longer work there but still it's a fun experience to try out and play different platforms as if you are really playing with your own money.

Yeah, I think the only way to actually make some money out of gambling is to have some kind of offset from free credits or something similar.

That way you can actually lose some money, but still end up on top because of the free credits.
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