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921  Economy / Gambling discussion / Re: Can somebody make a successful career in gambling on: October 27, 2023, 12:48:29 AM
~snip~
But these all happens in a gambling industry.  There should not be a gambling industry if career can't be built on top of gambling activities.  The idea of gambling career maybe a huge argument but people have their own POV about it.  When it comes to POV nothing wrong or right, so the idea of a career in gambling is subjective.

Casino owners who give service by integrating gambling games and gambling idea are the first person who can have a succesful career in gambling.

Those staff who were hired by casino owners had built their career on top of gambling activities.

And those gamblers who participate in official gambling tournaments have built their career in gambling by being professional poker players.  Gambling does not only includes taking risk by making a bet in hopes of getting a bigger reward but gambling became way bigger when the gambling industry was established.

Not to forget those gambling game providers...  most of them are successful in venturing gambling industry.

Yeah, you are right.

There are many people that work in the gambling industry, and they are paid for their services.

Gamblers though are not paid for their services, they simply either get the win or they pay with their money.

So, in a way, it is different, because you might be a super skilled gambler that knows everything about a game, and play the best, and still lose your money.

That doesn't happen in any other job, even at sports if your team loses, the players still get paid their salaries for example.
922  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: October 27, 2023, 12:45:19 AM
~snip~
I don't think using artificial intelligence to predict sport bet could give an 100% winning rate since that is just a prediction and anything can happen in sport. Even the most advanced and professional team can lose matches to newbie team that do not even have a great experience in sport. Sometimes luck happens especially in soccer games.

Using artificial intelligence can be a top notch that can help one to get a close outcome but can not be always accurate since the outcome is not mostly determined by game analyst or individual self. It all depends on people that are playing and the kind of momentum that can put in a game to have an excellent winning and also luck can be coupled to this to make an outcome become what we predicted.

One thing that some people forget is that these AIs like chatGPT are not really an intelligent being. They are very good at generating text that reads like a text written by a human.

And that creates the illusion that the AI is some kind of smart being. It is really useful, but it is not really something that can be used to predict the future with more precision than what the current machines can do.

It's not magic basically, and the probabilities are still going to be there, and the casinos will only put odds that favor themselves.
923  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: October 26, 2023, 02:59:11 AM
~snip~
That is not a bad odd, 80% is definitely something that is realistic. I still wonder what Ronaldo situation will be like, he is 38 right now at 2023, that means 39 at 24, and 40 at 25 so that means he will be 41 years old when the next world cup happens. Do we really think that a 41 year old Cristiano Ronaldo could play at the world cup level?

I mean Portugal is not a terrible team, if we were talking about some terrible team then they would not have any other player, but can't Portugal find a single player to play at striker position better than a 41 year old Ronaldo? I do not think that he could be playing, Messi won't be that old, he would be like 36 or 37 I think, that's still fine, understandable levels, but 41 seems way too old.

Cristiano Ronaldo did not have a great World Cup recently, so I'm not even sure the coach will call him for the next one.

I'm sure everyone remembers here that his replacement, who was much younger, played much better than Cristiano Ronaldo.

I think we won't see CR7 in the next world cup in the field, but maybe we'll see him at the ads
924  Economy / Gambling discussion / Re: Can somebody make a successful career in gambling on: October 26, 2023, 02:56:47 AM
~snip~

You just cannot make a career out of gambling as gambling itself isn’t an occupation and shouldn’t be mistaken as such. In gambling, you do not always leave with a paycheck after a specified amount of time as there are occasional wins and losses. With gambling, you’re literally not employed and can’t boast of a regular and reliable income. With gambling, you spend money in hopes of getting even more money and when there’s a losing streak, you spend even more money in a bid to recoup some money lost.

People have now mistaken gambling as a source of income. It is not. It doesn’t provide a regular nor reliable payment. In a real job, you’re quite certain of the amount you’ll be paid as well as when you’ll get paid. You can’t say the same with gambling.

Absolutely right.

Strange that these things need to be said, but you are spot on.

When you are gambling you are paying for a service. This service is basically the chance to win money. The most probable factor is that you will lose money, based on the probabilities.

On the other hand, if you are employed, you are providing your skills as a service, and you are getting paid a salary for it.

The casinos sell a service to gamblers.

The workers sell their skill to companies.

They are absolutely not the same thing.
925  Economy / Gambling discussion / Re: do you lose on slots? on: October 26, 2023, 02:16:52 AM
~snip~
yes
there's something else too
tracking is boring, much more boring than winning, so most people don't track, be them gamblers or investors
when they don't track they're blind on exact wins and losses and can't know for sure if they're profitable, what could make them keep gambling, thinking they're winning, even if they're not

Yes, that's partly why casinos are so successful. Gamblers are basically seen as part of their marketing team  Grin

They usually comment all about their winnings and how easy it is to make money betting at the casino, maybe they will even show you their receipts, etc.

But they rarely mention all the times they have lost money there. And also the casinos make you feel great while you are winning, giving you free food and drinks, etc, so that you stay longer.

The moment you stop putting money there, the lights, music, drinks, and food stop.
926  Economy / Gambling discussion / Re: Changed the game you gamble on? share your story. on: October 25, 2023, 11:54:53 AM
~snip~
But as long as it is still under proper control I think it will not be a problem to try new things even though there are many new games that are fun to try, however new things that you like can become addictive as long as you don't play them excessively and are well controlled, for example limiting your budget and Limit the time to play the games you play, be it old games or new games. Changing new habits just to get rid of feelings of boredom is normal.

So far I also don't have a problem with trying new games to find fun as long as it is still considered entertainment and fun, not for making money, addiction is something that is difficult to cure so this behavior usually occurs if we play games excessively without full limits and control so become addicted, the point is to play wisely and responsibly  Wink

Yes, that's true.

Also it's worth noting that many addicts will probably say or think that they can stop at any time. It's just that they don't want to stop  Grin

I think it's healthy, with anything really, to stop doing it for a bit, say a couple of months, and see how it goes.

For example, not drinking any alcohol for a couple of months would be great to see how addicted a person is to alcohol. The same with gambling. If you can stop gambling for a couple of months without any issues, probably you don't have an addiction.
927  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: October 25, 2023, 11:52:16 AM
~snip~
Interesting. I have no idea about that too. Maybe someone here can explain it to us? Or maybe run some experiments and show us the results. I personally think that it's not about AI's inability to pick the right data. It's about AI's refusal to do so, for some reason. But maybe I'm wrong here. Maybe it's possible create a working model. Interesting.

At the end of the day, any casino will only offer bets that include some benefit to them, as in, the odds are against the gambler, and in favor of the casino.

It doesn't really matter how good the AI can predict the outcome, the odds are already calculated so that the casino will end up winning more than the gambler.

And the thing is that casinos are probably already using the most advanced AI models to generate their odds.
928  Economy / Gambling discussion / Re: do you lose on slots? on: October 25, 2023, 11:49:41 AM
~snip~
craziest thing too is that each slots game is independent so in theory there'd be the chance to play 1000 times and lose it all or (the much smaller chance) of playing 1000 times and winning it all
tell me about being lucky!

Many countries have slots games forbidden probably because they're too addictive.

Absolutely right.

The thing is that the most probable scenario will be somewhere in the middle, where the gambler loses some and wins some, but overall loses a bit more.

This makes it perfect to become addicted because the times the gambler wins reinforces the idea that they could make it big, and the loses are simply ignored.

It's a hugely addictive thing, and a very expensive hobby.
929  Economy / Gambling discussion / Re: Low cost but effective solutions to gambling addiction on: October 25, 2023, 11:46:56 AM
I think rehabilitation centers for me will be the most effective solution to gambling addiction. I am not sure if it has fee but yeah addicts should go there for immediate and safe recovery. Diversion of someones addiction from gambling to other things could be difficult in the first place.

I'm pretty sure those things would cost a lot of money, so it is not a perfect solution.

In an ideal world we would have access to free mental health care and other things, but that's not the case in most of the world.

And it is tricky because casinos of course would want to keep the gambler addicted, and the governments get money from the casinos, so there's not much incentive for them to treat the gambler and help them stop...
930  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: October 25, 2023, 11:44:35 AM
~snip~
I don't have a crystal ball and can't tell whether Messi and Ronaldo will play at the World Cup 2026 or not, but if it was only about the money and nothing else for both of them, wouldn't they have retired from their national teams by now? Did you notice that both Ronaldo and Messi scored very important goals for their respective national teams in the last qualifier games? If these signs could be interpreted somehow in this moment, I think they speak rather in favor of their participation at the World Cup 2026 than against it, but this is only a snapshot. Things can change or escalate quickly when one of them stops scoring and teams, coach and the fans become more critical of them.

Yeah, that's a really good point that I haven't considered.

It might be the case that they both might want to play in the next world cup. At least I'm sure they want to keep the options open.

It would be nice for the next generation to have the chance to play though.
931  Economy / Gambling discussion / Re: Changed the game you gamble on? share your story. on: October 24, 2023, 02:47:35 AM
It is hard to change the games that you've been gambling on for several years. Like it's already on your daily routine or if you don't gamble a lot, that only means that you've been stuck on it and not willing to leave that game for so long. That's the reason why those games that I like I only gamble on, sometimes I try to gamble on games that I don't usually go on but they're not interesting to me because I just don't like the mechanics of the game and the game itself. That is the reason for those sportsbetting like basketball and boxing, these are like the main sports of the majority here in our country so it's like part of the culture already.

Yeah, that's partly how addiction is formed.

You start with something new, you like it, and then you continue doing it.

At some point it becomes your new normal, and actually not doing it feels wrong or negative. Then the withdrawal stage starts until you get a new normal again.

Behaviors can be as addictive as drugs.
932  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: October 24, 2023, 02:45:52 AM
I would say there is a possibility of Ronaldo and Messi playing in 2026 world cup more than Neymar being able to play. Two of them may or may not play based on their age, and Messi wouldn't be even that old, he would be around the same age as Ronaldo was on the last one, so it is not really that weird and could happen, and Ronaldo is inhuman and still looks like he is on top form so another 2 or so years for him to keep playing is not shocking, it may happen, not saying it will because it also depends on if the manager will pick him and if manager dislikes him personally then even if he deserves it, he may not get called up.

However, Neymar keeps getting injured all the time, sure this one will heal by then, but maybe he will get injured again?

Messi and CR7 are probably going to be retired by the time the next world cup comes.

They are now just trying to get as much money as they can before retirement. It's not like they are playing for the fun of soccer, it is just money for them.

They could also stop playing and they would be earning more in ads. Pirlo and others are making a lot of money appearing in ads in Dubai for example.
933  Economy / Gambling discussion / Re: Are successful gamblers seen as addicts? on: October 24, 2023, 02:43:31 AM
~snip~
First is, it is not even right at all to take or consider gambling as a job, so, to this is say that whoever is addicted to gambling is addicted to gambling, it doesn't matter if the person takes gambling as a job or not, gambling is not even a profession, why should someone in all the professions all over the world choose to gamble as a profession? this is absolutely not right if I'm asked.

And yes, there indeed can be someone addicted gamblers who are really successful, but the ones I've seen or come in physical contact with did not actually make the money from gambling per say, they have built and established businesses that make millions of dollars or whatever currency for them, they just spend their time and money on gambling as a way for them to have fun.
This kind of people usually do not even know that they are addicted to gambling since they already have more than enough money to gamble for life and never feel the negative impact of losing money in the process .

True.

At the end of the day, a professional is basically someone that makes money from an activity.

That's why the term "go pro" is used in skating and other sports, the moment they go professional they start to earn money by doing that activity.

Any professional exchanges time for money.

Gambling though is a service that is bought by gamblers. It is basically the hope to become rich at some point. That is valued by gamblers, and they pay for it. They are not getting paid to gamble, so they are not professionals.
934  Economy / Gambling discussion / Re: do you lose on slots? on: October 24, 2023, 02:39:55 AM
~snip~
I experienced it firsthand. Usually I get a win after making two deposits. It is not a habit that I can be sure that even a small win can be obtained when making two deposits in one type of slot game that I play.
Today, I got a profit of around 25% of the amount of capital I deposited. I played on PG Soft for about 1 hour. The first and second deposits are the same amount. The total capital I played was around $205 but used fiat currency.

I lost my first deposit. While enjoying, adrenaline rises. I made a second deposit and played on the same slot but the bet amount was bigger than the first deposit. I won not in the free spins, but in the normal game.
Stop and withdraw some balance and return to normal activities.

Our brains are fantastic at creating narratives and stories around things that happened.

The important thing to know though, is that those stories and narrative don't have to be true for your brain to believe it.

That's how most of the superstitions were created, two independent events happened at the same time, say a black cat crossed and something bad happened. Then you see it again with another bad thing happening, and there it is, your brain now connected them, even though the cat has nothing to do with the other event... or does it?  Grin
935  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: October 24, 2023, 02:37:08 AM
~snip~
Instead of just gambling, even playing games on a smartphone can be reported to superiors if our colleagues don't like seeing us playing that game.
This will endanger our jobs. If our superiors find out, we can easily be fired because we have violated the rules in the office. We can play games or gamble, but we must look at the situation and conditions and wait to do it while working.
We don't want to jeopardize our position in the office. For this reason, we must be able to manage our time for work and gambling so that nothing is disturbed.

I would rather postpone my gambling time than have my work disrupted because I can get a salary from that job. And that means I can meet my family's living needs.

The thing is that, even if you manage to gamble in work time and not get fired, your performance will definitely lower.

And also, at the end of the day, you will lose more money than what you are generating, so you will have to work longer for the same amount of money. Doesn't make too much sense.
936  Economy / Gambling discussion / Re: Not keeping records makes me a bad gambler? on: October 23, 2023, 02:08:47 AM
Good day crypto Famz, I will like to ask gamblers this question, is there any gamblers on here that keeps record of their wins and losses? Do you keep a record of all the pennies you use to gamble and also the result?

Someone whom we both have this discuss yesterday said this is a good practice, I still don't see a reason why because I don't keep record of my losses, I tend to only remember when I win a certain amount, if its good enough you won't easily forget, but apart from this I don't care.

So Famz, is there any benefits when one keeps record on their losses and wins? Is there any thing to gain when you write down all the money you spent in gambling and also how much you have made so far?

Not keeping records, does this make me a bad gambler?

The whole industry of gambling thrives on this. A gambler will lose a few times and win a few times. They will usually lose more money than they win, but when they win they will talk about it with everyone. When they lose, they will keep it to themselves.

That is basically what the casinos want, free advertisement for them, and basically selling this view that you could earn a lot of money, when in reality only the casinos will make the big bucks and most gamblers will lose it all.

So, yeah, the most common thing to do for a gambler is to forget their losses and only share their wins. It doesn't make them a bad gambler, they are just a normal gambler.

The only thing that will happen is that the gambler might have the wrong impression, and they might think they have won more than what they really have because they are ignoring losses.
937  Economy / Gambling discussion / Re: Low cost but effective solutions to gambling addiction on: October 23, 2023, 02:00:01 AM
~snip~
It is a working strategy I see and cost-free but of course, it needs dedication from the gambler who wants to stop their addiction to gambling, or else, it is useless. Cross-addiction, getting addicted to other stuff like sports could really forget gambling totally and interest. But as I've said, it all depends on the person who wants to change because many have tried but many have failed as well. Generally, it is all about controlling ourselves but with the help and strong support of the family members and friends, that is somewhat possible.

True. At the end of the day, what you do most of the time is what defines you. So, if you end up spending a lot of time at casinos, you are a gambler.

If you instead use that time to do other activities, your brain will slowly change and you will not have that urge to gamble any more at some point.

It does require some time to have your brain re-trained like that though.
938  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: October 23, 2023, 01:58:06 AM
Thank you for sharing your experience OP. I never gamble during work hours and rightfully so as there is almost always some work that would need my attention.
Gambling in the workplace could definitely lead to a decline in your productivity at work and being your primary source of income, the effects that would follow wouldn’t be pleasant. I think gambling in your workplace could lead you into financial ruin even faster than playing physically at a casino as you’re at work most days of the week and could likely gamble each day you go in for work.

When you’re out of money to gamble, your work buddies that may or may not be your gambling buddies could lend you some money to pay back when you receive your paycheck. Sllowly, your debt begins to accumulate and then, no one is willing to lend to you anymore. You head over to the bank or worse, a loan shark to borrow money. Your financial woes would only get worse.

There is a time and a place for everything. You certainly shouldn’t be gambling when you should be trying to earn your paycheck.


True, gambling at work just sounds like a bad idea overall.

It might limit how much work you can get done, it might cause you to get fired, or even having to pay fees if somehow you did something wrong legally speaking.

At the end, most gamblers will lose money, so it just doesn't seem like a good idea to do it at the place where you make money.
939  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: October 23, 2023, 01:35:02 AM
~snip~
Yes I agree with you, that Neymar may not be plying anymore when the 2026 WC is held. The reason is quite basic and one of them when he often suffered injuries throughout his career and that alone made him give up and decide to retire.
Brazil we know that they are the creators of a very potential young seed, and it would be nice now that they are looking in that direction. Maybe in the last few years they have declined a little bit and can't compete anymore, they have to realize that.
Next year they will also have a new coach, the one who is in charge of Real Madrid now, Anceloti C.

I'm not that sure, Neymar is only 31 years old, so he will still be in a reasonable age to play the next world cup.

The thing is that he of course might get injured, but I don't think there is a higher chance of injury right now than what there was a few years ago, so I reckon he might still play.

We've seen Cristiano Ronaldo and Messi playing in a world cup with many more years, so it can definitely be done.
940  Economy / Gambling discussion / Re: do you lose on slots? on: October 23, 2023, 01:31:37 AM
~snip~
Everyone who played slots before has the same chance of winning. But after they play for a while, it will be seen who is lucky and who is unlucky. Those who are lucky are the ones who can win and some can win a lot of money.

And for people who lose playing slots, they will become even more emotional and still want to get their win. They don't realize that they are unlucky and should stop gambling immediately. Another day, they will be lucky when playing slots again, which means they can win a lot of money from slot games.

You can only label someone "lucky" or "unlucky" based on previous performance.

That label doesn't have any predicting power, so in the future the "lucky" ones might lose, or the "unlucky" ones might win.

This is something that might be counter-intuitive, but that's just how probability works. Every single time someone bets they have exactly the same odds, over and over, independent of their previous wins or losses.
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