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761  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: December 07, 2023, 01:29:42 AM
I mean it would be quite possible for Messi to be in 2026 world cup, that is about 2 years away, which means that he would be only 38 years old, I think Ronaldo was something close to that on the last world cup and he did alright, why wouldn't Messi be alright at 38 years old. I get that we are not used to it, I understand that we have seen many players retire before 38 years old, and it's still common, but at the very least we need to realize that we are seeing more and more players not retiring at early ages anymore.

I remember when I was a kid, a player that was 32 years old would be someone near the retirement age, but nowadays we are seeing in every sport where people play until 40 and even some more maybe after that. I think Messi will be just fine at 2026 world cup, and in fact I can take it one further and say that in 2030 if he is still playing hen he could be at the squad. Yes, 42 year old Messi may not be that great, but he wouldn't be like not top 25 neither, he could be still at the squad even if just for leadership.

Well, yeah, that's true.

But Messi is already in retiring age, and he just won the world cup.

It would be a perfect time to retire, at the peak of his glory.

If he goes and plays the world cup and doesn't win, that would be a bit of a downer for his retirement.

And if he does win, then it would not be as huge because he just did it.
762  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: December 07, 2023, 01:27:39 AM
~snip~
It may not be about making something easier to restrict, also has a lot to do with the control over income and taxation the government of certain countries want to have other people who gamble and also the casinos. Regardless of it, the historical case of the USA prohibition era is was a big lesson to be learnt by the western world about the extent a government can actually control the traffic of relatively common substances.

Perhaps, Since I am not from Bangladesh, I cannot fully understand the context of banning casinos and gambling, but if I had to bet on it, I am pretty sure religion is involved. Pretty much as happens in Saudi Arabia.

Could be.

At the end of the day governments are a complex thing, and some regulations might be so that society as a whole gets the right incentives to be a more productive one.

It's inconceivable to have a country where alcohol is banned from a western perspective, but it could be great for those societies, as alcohol is really bad for you and for the people around you (drunk driving, etc.)
763  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: December 07, 2023, 01:25:13 AM
I don't know whether this is also happening in other countries, but it made me think about this topic a news I read the other day which said that that the AI had guessed the number that will be luckiest the national Christmas lottery, and that it ran out in a matter of just a few minutes. I'm very curious to see if it is right, and I would buy myself one of these tickets if it was still possible, but to be honest I don't think it will be able to guess correctly the lucky digits based on past performance. Probability doesn't work like that, until I'm proven wrong at least.

Well, there are things that you might know that give you a bit of an advantage.

For example, try avoiding numbers lower than 31. This is because many people choose these numbers based on their birthday, so if you win, there will probably more people to share the price with.

Less people choose higher numbers, so go for those.
764  Other / Off-topic / Re: Why the rich win gambling more than the poor. on: December 07, 2023, 01:23:47 AM
~snip~
If you are gambling having a lot of money is really advantageous on your side, as you can place many bets which can increase the probability of winning, while the poor could only afford to bet one at a time which lowers the probability of winning. I agree that money can't make the person better at gambling, but it could differ both on their money as one option to make. Rich people have the money in short, they can go back to gambling anytime they want, so casinos would give them bonuses and discounts for being loyal customers to their casino, plus they could also build connections with their fellow gamblers which is one of their advantages. You can't tell if a person is rich or poor in gambling, but you can assume that a person that you can always see in the casino a rich as they can gamble anytime.

It doesn't really matter if you have many bets. The odds are the same for rich and poor.

If you have 1 unit of money invested in N bets, the chances of winning are the same.

And if you think that betting simultaneously in more bets is a better move, it is not generally speaking.

Betting on N number of bets with a cost of 1 unit of money, usually give you a price lower than N units of money.
765  Economy / Gambling discussion / Re: Low cost but effective solutions to gambling addiction on: December 07, 2023, 01:21:30 AM
~snip~
If it's free I doubt if they offer live chat therapy, I think it's either resource or public discussion like this forum, so you can't expect it's a professional who respond to your case. Any kind of project need money to survive, they could survive by donation, but we don't know how much people willing to make donation to them.

I think if possible, it is always better to talk with another person in real life, instead of through phone or chat.

We are social animals, and just by being next to another person and talking with them you feel better.

Also walks in nature can be really positive.

And those things are all free.
766  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: December 05, 2023, 11:54:13 PM
Although Al is very popular instrument right now, but it still doesn't give you win guarantee. Anyway, it's better to rely on your own analytics.

But that's the whole thing. An AI might be able to give you better analytics than what you can come up with.

For example, if you know nothing about a sport, an AI can give you a list of the best teams. That's already better than your knowledge at that point.

Now, if you know a lot about some sport, you might be able to train an AI with your (and possibly others) knowledge. And then the AI will be able to mix it all up and give you a reasonable outcome.

You then always have to face the casino odds though, which usually are against you.
767  Economy / Gambling discussion / Re: do you lose on slots? on: December 05, 2023, 11:51:40 PM
~snip~
One of the reasons why the negatives far outweigh the positives is because bookmakers create casinos not to feed gamblers for free but their goal is to profit from gamblers who like to go overboard in acting out of control by providing a temptation through the opportunities provided which is basically nothing more than a trap for gamblers to come back soon. As evidence, we can see that many are now suffering from large losses and that means we can conclude that they are trapped by something that has been designed by the casino.

The events that they experience, especially those experienced by addicts, can actually be used as examples and lessons so that we do not overdo it, and as you said it is better to gamble normally, meaning by putting small money that you can afford to lose, because usually disappointment from results that do not match the wishes that can make you act out of control, so it will be very useful for a preventive measure.

I do think that real life casinos and slots have actually an extra positive side compared to online ones.

You can get free drinks and food from those places as long as you are playing. So, if you don't bet too much, you might end up with a free meal, as long as you don't gamble more than the cost of said meal.

But even if you just break even, you still have a small chance to win something, so it is an interesting proposition.

Whereas online, you don't get any freebies like drinks or food. Or things like toilet access, music, electricity, wifi, etc. It could be sometimes a good spot if you need to wait for a bit.
768  Economy / Gambling discussion / Re: Slot games are a waste of time and money (most of the time) on: December 05, 2023, 11:47:27 PM
~snip~
 It don't mostly bothered myself about playing slot games because I know the house always have an edge on who is going to win and would is going to lose. Once we understand this, we have to be very careful how we bet on slot games especially when we don't have skills to back up our bets. Any person that are slot game friendly maybe are those that knows how everything works and they are more interested in trying their luck or knows how to manipulate the game to make profits fr it.

Yeah, similar here. I don't really see the attraction of slots. They mostly are addiction games that take all your money in the end.

I guess some people find them entertaining, lucky for me I don't. I can see how quickly you can pour all your money into these things, and get addicted quite fast.
769  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: December 05, 2023, 11:45:08 PM
~snip~
The more one learns each day. I was not even aware Bangladesh was a country which has tough restrictions on gambling like those which are being described by him. Also, keeping in mind parents there discourage children and the youth from start to gamble, I can only assume there must be a very high and developed underground gambling industry in that Asian country.
My problem with Underground markets like that is they are usually controlled by corrupt and dangerous people who may take advantage of children and vulnerable people in different ways, from child labor to debt traps...
Someday, when I have got time, I gotta read more about the gambling market in southern Asia.

Yeah, that's how humans work.

You can't really expect that people will simply stop certain behavior because the country made it illegal.

If people want to do something, they will do it, independent of the law. The most clear example of this was "The Prohibition" in the US, where alcohol was banned. It was still consumed, but the people selling it were in the black market, and in that scenario you can't control it really.

You end up with kids being able to buy alcohol for example.

It might be strange, but making something legal makes it easier to restrict.
770  Economy / Gambling discussion / Re: I could have won bigger. on: December 05, 2023, 11:39:51 PM
~snip~
quite dangerous thinking there. pretty sure you would feel differently if the result of the bet didn't end in your favor and would feel glad that you only lost $1 instead of $10. don't get me wrong I understand your frustration when your friend didn't do what he promised but saying you would have won bigger if you had the $10 is simply not true, there was no guarantee that you would win if your bet was $10.

Yeah, that's the thing. After the fact many people would have said that they would have bet more money, only when they end up winning  Grin

I'm sure they forget all the times they lost $1 and never think they could have bet more that time.

In the end there are probably more smaller bets, so they will end up winning more often compared to big bets. So, this feeling must be pretty common
771  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: December 05, 2023, 10:51:23 PM
~snip~
There is no doubt that Messi is not going to have a good performance even if he plays in the next World Cup. Messi is currently in the good form and he can play in the World Cup if we are going to see the World Cup in this season but we are talking about the next season when Messi will get older and this will be harder for him to have a good performance.

Messi is a bit of an outlier, he has shown excellent results even when getting older.

But, having said that, getting older definitely affects performance, and after 40 specially, things will just get harder for him to do. Things that were easier will become a challenge.

He will have to work harder to keep his level, and with so many great young players, which are about half his age, things don't look too good for him in the next world cup.
772  Economy / Gambling discussion / Re: The worst slot provider ever? on: December 05, 2023, 01:09:42 PM
I will start with Hacksaw and Wazdan... In my experience, these two are the worst of them all! Almost impossible to hit some bonus round with normal spins, and most bonus rounds pays under x10...

But as you suggest more providers I will add them to the poll. So let's find the worst provider ever! Smiley

I guess many people will base thus on their personal anecdotes.

If someone won big at one company, they will probably mention it as a great one.

And if they lost big, they might say it was crap.

In reality most slots algorithms are similar, as they have to be validated as random.
773  Economy / Gambling discussion / Re: I could have won bigger. on: December 05, 2023, 01:07:01 PM
After betting $1 to win $50, you feel like you could have made $500 on the bet if your friend had paid you back $10. You feel like you should have bet more because you won the bet, but before you bet you probably thought you could lose that dollar amount. Since you made $50 with one dollar, I would say that you took a high risk gamble and that risk was high. You are lucky so you won in this gamble. It's a different matter if your friend didn't pay your loan on time, but it's wrong to think that you could have made a lot of money just by paying off the loan. Since money is gambled with risk, the outcome of the gamble can go either way.

Yeah, of course gamblers will want to have bet a higher amount when they win and lower ahen they lose. Unfortunately that's not how it works.

You can't change the past given the present knowledge.
774  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: December 05, 2023, 01:04:20 PM
[quote author=Lucasgabd
~snip~
this is for sure
I read a comparison this days, like a small championship where a contractor would decide who to contract

a senior engineer doing coding from scratch
and a junior or slightly better than junior using AI tools

in the end of the day the junior was chosen because he could deliver much faster (like 3 weeks instead of 6 months, something like that) even though it was a solution that the contactor would have a bit less customization power, being able to ship fast changed everything.
[/quote]

Yeah, I guess it also depends on the maturity of the application or conpany.

If it is for MVP creation, then sure. But if the product is mature, then the use of AI might be different.

It can be beneficial in many scenarios
775  Economy / Gambling discussion / Re: Slot games are a waste of time and money (most of the time) on: December 05, 2023, 12:59:12 PM
Moreover, slot games can be played with very little capital. I've also played and never had big luck. but I have a friend who likes playing slots. He won several times even with small capital. whereas all I get is playing longer in the game. it's small wins that extend the duration of the game.
Slot games are just luck. There is no technique or formula that can make you win. I wouldn't say it's a waste of money. because I saw my friend win from slots. but still, we can't make it a way to earn income.

No one can predict the outcome of slots, someone's luck also varies. I myself often feel the same way, how can that person win with a minimum deposit. But after all, this is a game that requires emotional control. Sometimes, people who deposit a little can win, because they are patient when playing, not in a hurry to increase their bet when they win. Because this can also have a significant effect when he loses. I think I'm not part of them who can control my emotion. Because when I feel I already win, mostly I increased my bet.

Being rational probably helps, but at the same time it is all about luck in the end.

The thing is that once you win big, you should stop playing if you do not want to lose what you won
776  Economy / Gambling discussion / Re: Are successful gamblers seen as addicts? on: December 04, 2023, 11:55:07 AM
A successful gambler is rarely considered as addicted they are not fully addicted they have enough experience that they win gambling games and fall under the category of successful gamblers. Gamblers who cannot sustain success after winning become greedy and become addicted. Successful gamblers know enough about how to protect their funds. Gambling has been involved for a long time and their practice is very good. At the end of the day they are successful gamblers and do not have addiction problems due to proper practice.

I guess it depends on what you call a successful gambler.

To me that means that the gambler has a total positive money won when considering the lifetime of games.

So, there are very few ones based on that definition as most gambler win and lose, but lose more than what they bet.

That's the whole point of a casino. There are a few, a very small number of lucky gamblers that do actually end up in a win. But many of them continue and end up losing their funds in the end.
777  Economy / Gambling discussion / Re: Slot games are a waste of time and money (most of the time) on: December 04, 2023, 11:52:51 AM
~snip~
That because there are no opportunities that can be easily obtained from slot games because there is an RTP that is uncertain at all times and slot games work randomly.
Unlike other games, gamblers can use various strategies and slots don't really influence strategy.
What can be done is to determine the right time to have high RTP so that the returns in each round can be better to minimize significant losses.

Yeah, slot machines are probably the most profitable ones from the casino's point of view.

I think most slot machines have a similar algorithm, and you can't really time then, or get one that is "due".

They are simply random all the time, with bad odds for the gambler.
778  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: December 04, 2023, 11:51:02 AM
~snip~
That's not how it works. When we become addicted to something, we try to reason to ourselves that we are not addicted to it yet and try to ignore the fact that we actually are. And by the time we realize that it's already too late. Sharing your thoughts and activities of gambling with people closer to you will always help prevent this situation. Also, people need to learn to gamble responsibly.

True, but it's also a gradual thing.

It's not like you wake up one day and you are addicted. It is a slow process that continues after multiple times the person goes gambling.

Some people are predisposed to being addicted so they should be extra careful.
779  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: December 04, 2023, 11:49:44 AM
~snip~
There is no doubt that the growth of AI applications has developed rapidly because of the technology that helps it grow. Yes, we have seen big changes over the past few years, and we cannot imagine what will happen in the next two or five years because, by that time, the technology we have will have definitely developed far from now.

There will be many new applications that will support our lives and help us carry out daily activities. In the future, there will also be robots that will become our assistants and help us every day and provide the information we want. Technological changes in the future will also be even better than now.

In the end AI is just a tool. A very cool one though, and very promising right now.

I think that it will change society as the Internet has changed society in the past.

Whoever gets into the AI tech will be way more efficient than those who ignore it.
780  Other / Off-topic / Re: Why the rich win gambling more than the poor. on: December 04, 2023, 11:46:58 AM
Gambling is a form of entertainment that you have to pay to play. It isn’t a crazy thought that people who have more money are then able to pay more for entertainment. I imagine rich people have more subscriptions to paid services, pay more for their vehicles, etc. This would also lead you to believe this leaves more time for poor people to enjoy the best things life has to offer, which are free.

On the other hand gambling can be seen as a hope to get rich.

Therefore, rich people most probably won't be bothered by that.

Although it is true that many see it as entertainment, and for them you are absolutely right.
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