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941  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.
942  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.
943  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.
944  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.
945  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.
946  Economy / Gambling discussion / Re: Low cost but effective solutions to gambling addiction on: October 22, 2023, 09:28:33 AM
First thing first is that, an unemployed person should not engage him or herself in gambling, since one rule in gambling states that people should only gamble with as much funds as they can afford to lose, every penny is important to an unemployed person, so i see no reason why such persons should engage themselves in gambling to the extent of even getting addicted.

And secondly, talking about the low cost and effective solutions to gambling addiction, I would say that one way is for the addicted gambler to find some else doing that will keep him or her so busy that they will hardly remember to gamble, and by the time such a person finally have time to rest which could trigger the urge to gamble, the person would have become very tired that he or she will just doze and sleep off due to lack of physical and mental strength to gamble.

The above, i personally believe can be a free and very effective way any gambling addict can cure him or herself without having to spend so much on therapy or whatever.

Yeah, something like this makes sense.

If a person is busy doing something productive most of the day then it means they won't be able to spend their money and time gambling.

It is clearly a problem when people suddenly have too much time in their hands and get bored, because they might end up being attracted to gambling, where they can lose all their money.
947  Economy / Gambling discussion / Re: Saudi Professional League 2023/2024 on: October 22, 2023, 09:26:34 AM
~snip~
Despite his age, Cristiano Ronaldo scored more than 40 goals in 2023. In the match they played against Damac, they won 2-1 with 2 magnificent free kick goals. Talisca scored an unexpectedly great shot from the first free kick. The second free kick goal came from another master, Cristiano Ronaldo. Here, a player from Damac did not jump, the ball went over him and into the net. If you are defending, you should take precautions when taking a free kick.

It is a bit unfair to compare number of goals at different leagues.

The European leagues are way more competitive, and scoring there is way more difficult.

A goal is not the same everywhere basically, for CR7 it is clearly easier now than before.
948  Economy / Gambling discussion / Re: I am only trying to stay safe by gambling less on: October 22, 2023, 09:24:05 AM
~snip~
Right. Basically the act of taking risks is a gamble right. But the key difference lies in the approach and mindset. When it comes to investing in cryptocurrency, it's about making informed decisions based on research and a well-thought-out strategy and usually investors aim for sustainable growth over the long term. On the other hand, gambling often relies on chance and random outcomes. While both activities involve risk, investing focuses on managing and mitigating those risks through knowledge and strategy. So taking risks in investing is more calculated and grounded in analysis than the purely chance-driven nature of gambling. OP did his part, you really cant explain further to close minded people, they have to understand it theirselves.

Investing into a project or idea is different than gambling.

In gambling you are basically paying for the small chance of getting rich, whereas in investing you are following a plan that basically should give you some level of positive return.

The main difference being that in investing the expected value in return is positive, whereas in gambling it is negative.

Of course investing requires more work than gambling, but it also should give you positive returns.
949  Economy / Gambling discussion / Re: do you lose on slots? on: October 22, 2023, 09:21:42 AM
~snip~
thinking everyone has the same luck is a really mathematical way to see the world but I don't think it works like that, in my youth I met a guy who was younger than me and used to win almost all raffles and "bingos" he joined
he got lots of televisions, travels, house utensils and all kind of stuff by winning these contests all based in luck, no skill

I don't talk to him anymore so I'm not sure if he's still lucky or not but it was definitely not normal

quite nice to see though

It is indeed seen or experienced like that, basically a few "lucky" ones might be seen winning a lot of times.

But in reality, it is just random, and the probabilities are the same for everyone.

Of course, after the fact, some people will have been luckier than others, and you could comment on that, but before that happening, basically everyone is the same.

And once someone got labelled "lucky", it might stick forever and whenever they lose, people will just ignore it, and whenever they win they will reinforce the idea that they are lucky.
950  Economy / Gambling discussion / Re: The madness of gambling addicts. on: October 21, 2023, 11:21:12 PM
~snip~
Sure deal! even how careful you are it's not an assurance that you can escape or you can avoid addiction, there are factors that may lead you to become addicted, most common is the enjoyment and fun that you gain at the beginning of your game or participation, thru time you see your adrenaline and appetite increase from that point, chances that you may exceed and may lead to addiction is possible, and there's no exemption on it.

Spot on.

And the thing is that most probably a person will get addicted when they are not at a great time in their life, for example they might need a bit of extra money and they try to make it from the casino.

In the end, those people will probably end up very addicted trying to get some money, and in the end lose it all.
951  Economy / Gambling discussion / Re: I am only trying to stay safe by gambling less on: October 19, 2023, 11:15:55 PM
~snip~
Apart from others, it is just for fun; probably for others, the reason they keep coming back is because they think that when they play again they will be able to make up for what they lost the last day they gambled. There are others who may also think that they will get lucky that they are this time and will get the jackpot.

These kinds of thoughts are often the reason for other gamblers and those who have addictions; their bodies are looking for them; it has become a routine, so it is not easy to get rid of them, just like that, of course. They don't think about whether they will lose again, and their thoughts are all positive.

Yeah, I think that might be the biggest reason for financial ruin, trying to get back at the game to recover losses.

In the end the losses will just continue to accumulate until there is no more money to be used to gamble.

It is a reasonable thing to think, if the odds were not against the gambler. But since that's the case, it is almost inevitable that the gambler will end up in financial ruin, unfortunately.
952  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: October 19, 2023, 11:12:51 PM
~snip~
Argentina are currently in first place in the qualifiers, which is not surprising after they became world champions last season. But what is surprising is that the second place is not Brazil but Uruguay. Uruguay, Brazil and Venezuela have seven points each in the standings and it is a serious competition between the teams. Colombia by the way has six points, which may cause problems for the leaders in the future. Probably we are waiting for an interesting qualification.

It is still too early in the qualifications, any ranking right now is almost entirely random.

Having said that, the 2 - 0 win of Uruguay against Brazil is important. Brazil qualified without losing a single game in the previous world cup. Now they just lost in the beginning against Uruguay.

This tells me that Uruguay will be one of the favorites. I mean, they are very good anyway, and have won the world cup previously so no surprises there.

The South American qualifications are always fun to watch, every team is good.
953  Bitcoin / Bitcoin Discussion / Re: To protect consumers, Australia has introduced new regulations for cryptocurrenc on: October 19, 2023, 11:09:28 PM
For the life of me I never end up trusting governments when its about things like this, I just end up trying to find some conspiracy theories in order to make it not make sense at all. Sure "a government put regulations on exchanges to protect the customers" sounds like a normal thing but we are so not used to normal things that I end up thinking that we could be maybe seeing something much larger at play. Something like these regulations require some sort of payment to government to check it or maybe it requires them to pay more taxes because they are labeled differently and all that, I keep trying to see if there is an angle of it where government gets away with something.

Yes, it is very annoying to see that banks are basically telling you how you can use your own money.

They have restrictions such as $1k per month to be used for exchanges, etc.

It is insane that they just come up with these numbers and block what you can do with your own money.

CBDCs are being tested these days, and they will probably be implemented in a few years.
954  Economy / Gambling discussion / Re: Can somebody make a successful career in gambling on: October 19, 2023, 11:06:59 PM
~snip~
How can one make a successful career in gambling when it is a game of chances like it's under probability that you may or may not win. How can you know what you're doing when you ain't the one that have the events sometimes predictions are made through previous performances then how will you know that a particular event will keep on winning all the time which is not possible because if it is possible everyone will actually become winners and the platform might shutdown due to severe winnings

Yeah, you are right.

In general, when you hear someone boasting about making money in gambling games consistently, be aware of what they will try to sell to you.

It might be a "system", or maybe just your attention is being monetized with ads, or something similar.

In reality, the odds are against the gambler, so it is virtually impossible to consistently win against the casino.
955  Economy / Gambling discussion / Re: Saudi Professional League 2023/2024 on: October 19, 2023, 11:04:55 PM
~snip~
They knew he easily gets injured, maybe it is why some other European clubs were not too interested in signing him, but Al Hilal sure did not care about it too much because they signed Neymar for more than the benefit he can bring while he plays, they also signed him for when he is not playing. Just having the name Neymar associated with the club, improves the status of the club and the league. Al Hilal are first on the table and can maintain it if they can continue to win games which they can do. The next game they will play will be against Al Khaleej who are eleventh on the league and should not be too much problem for them to win.

Spot on.

Once you have a star in your team it makes it easier to book other good players.

It is the beginning which is the most difficult, trying to bring the star player with lots of money probably.

But since they already have this big name, it will be easier to get the next players.
956  Economy / Gambling discussion / Re: Don’t push playing more on: October 19, 2023, 11:46:36 AM
~snip~
We all can remember it. The only way we can forget it is if we have an amnesia but I think this is a rare condition. The only problem is many of us are hard-headed and can't seem to learn from our past mistakes. Gambling for a while can also mean for a short period of time, so why stop immediately? But if you mean if we are already gambling for a long time and it was mostly the disadvantage is the one that we experience, then yeah. We should stop now even if it's already a little late.

That's the thing, gambling is as dangerous as alcohol drinking, if not more.

Of course it can be done in moderation, but the moment it is done beyond moderation, it is a big problem, and not many people are prepared to confront that.
957  Economy / Gambling discussion / Re: The madness of gambling addicts. on: October 19, 2023, 11:44:39 AM
~snip~
This is where the gambling addict comes about, they make gambling their life, their happiness, their source of income to the extent that if they don’t gamble for a day, they will just fee as if something is missing in them which is entirely what change their mood and they will look for a way for them to make sure they place one single bet every single day.

Given gambling too much of an attention can lead one to some kind of emotional breakdown which is really not good and anyone who have gotten to that stage usual finds it difficult to put an end to it, it’s because of how addicts behaves towards their gambling activities that makes people always discouraged other from getting involved in gambling thinking that anyone who is gambling might also end up the same way that those guys on the street is making everyone see gambling as something that promotes crimes and violence.

Yes, addiction is a horrible thing, and it can happen to anyone.

The thing is that most people might think they are immune to addiction, but in reality, it can get you at any time.
958  Economy / Gambling discussion / Re: who Want To Bet On 2024 USA elections? on: October 19, 2023, 11:42:59 AM
Looks like Trump has received an upper hand now in the polls, which is not surprising given the condition at southern border. But I am not sure why Robert F. Kennedy Jr. is still being taken seriously by the pollsters. He has already announced that he will run as an independent and has gone out of the Democrat primaries. BTW, if Kennedy runs as an independent, then he is more likely to hurt Trump rather than Biden. Some of the GOP politicians have already started attacking Kennedy, for his decision to stop participating in the Democrat primaries.

These days there is a lot of division in the people, and Trump is certainly the person for the job when it comes down to divisive politics.

In my estimates, I think Trump will slightly win the election.
959  Bitcoin / Bitcoin Discussion / Re: To protect consumers, Australia has introduced new regulations for cryptocurrenc on: October 19, 2023, 11:41:51 AM
I do not know if the Australian government can achieve a balance between consumer protection and innovation in blockchain technology, because it is difficult to formulate regulatory laws that protect the consumer without at the same time affecting companies and innovation.

It would be very good to formulate such a law, but that is not easy because consumer protection will be by enforcing KYC and AML, and this is something that many users who like to maintain their privacy do not prefer. This also requires imposing strict regulations on companies that may limit the companies’ ability On innovation.

But let's wait and hope they can find a suitable formula.

It is a tricky balance to obtain.

Australia used to be a great place for innovation, but now I'm not so sure about it. Maybe it is still great, but I haven't seen the same growth I've seen in a decade ago.

The thing is that Australia is a very technological place, and things might happen, but there is still a lot of people that might not want that to happen.
960  Economy / Gambling discussion / Re: Can somebody make a successful career in gambling on: October 19, 2023, 11:38:56 AM
Yes, many people have improved in life through gambling.  They have taken this as a means of managing their lives or livelihood.  They have reached such a high place in life through this gambling that many of them are among the richest people in the country.  If you want to see some gamblers who have succeeded in life through gambling then you can look at Bill Benter from Pittsburgh, Pennsylvania, U.S.  Its a successful gambler.  Kerry Packer is also a successful gambler in Australia.  There are also many more examples of the power of indomitable will to succeed if you look at them.  They have now become known as many big businesses in the world through gambling.  Through gambling they have become known to everyone in the world.  Seeing their indomitable will power, it is understood that people can achieve success in life through gambling.  Everything is possible if there is desire.

Kerry Packer made their money in other areas, not by gambling himself.

And no, not many people have improved their lives though gambling, it is actually quite the opposite. Very few people around the world have made money gambling. It's an exception, not the rule.

The math tells you that, because the odds are against the gambler.
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