This is about how do you make sure that you are gambling in full control. There are many people who are easily brought into gambling beyond fun and that is a problem for them and also for the gambling industry, because it is for them that there are limitations in many countries.
Do you actually...
- Have a weekly budget to play and do not ever go over it?
- Not ever get in debt for gambling?
- Have an allocated time for gambling and never exceed it?
- Gamble only socially with friends of relatives?
- Have someone helping you control your gambling?
Not really. I'd say that if you actively *schedule* time for gambling, then you're actually a problem gambler. Healthy gaming should be spontaneous and fun. Obviously you need limits, but there shouldn't be any budget that is set on the regular either. Don't make it a chore, and certainly don't take it so seriously that you're convincing yourself to spend time away from family/work and take on debts. At the end of the day, you're at a disadvantage in the long run. |
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Microstrategy is known for taking risks like this for publicity. It's not really representative of the total institutional picture per se.
But to see even speculative corporations such as MST going in this direction is very encouraging. They are using BTC as it is intended, as a payment processor and a long term store of value.
I'd actually argue that doing this is a much more tangible form of adoption compared to simply speculating on BTC price. Hopefully other corporations can follow suit, but honestly not expecting much.
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-snip-
Arbitrage opportunities appear all the time but close just as fast as there is always someone looking for them, I really think that we are getting to the point in which sport gamblers that want to take advantages of such windows need to create their own bots similarly to what it is happening already with trading, besides casinos do not like this so they could limit your account or close it as they do not like gamblers that always take the best possible lines they offer. Doubt that this could be automated. The differences are so subtle in these that unless a significant amount was invested in the arbitrage bot, it is very unlikely it'll be picked up. These unique combinations of complementary/supplementary bets can really be picked out by a human. The fact that OP can consistently find these odds hiding in plain site should be enough proof that arbitrageurs, including botters, simply aren't picking these things up quickly enough to turn a profit. Hence what I said earlier about a *potentially* profitable opportunity. |
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Welcome on here. Just opened your site through mobile and it running smoothly but the interface is so simple. I also though you provided 0 house edge, so curious how your site make profit but after i read more further, house edge on your site isn't always 0, it's variable edge. But what's house meaning? House 0.01774362 BTC
Is it your site's bankroll or max win in a bet? That refers to the site's live bankroll. We hope to make investment possible in the near future as we build trust. How do you plan on incentivising investment if house edge is so low (in fact, it is your selling point), and accounting for the fact that there will have to be a further cut in profits taken by the house itself, the profit margin left for investors is virtually zero? Secondly, are there any plans to increase the owners' personal stake in the house? Without a respectable bankroll you're not going to see any gamblers being willing to take a chance on your site. And if there is no players, then you can't expect any bankroll crowdfunding either. |
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Parlaying does not increase your odds of winning in the long run.
You could always get lucky and win some crazy ticket (unlikely, since you seem to be doing 2-3x odds anyway and nothing in the neighbourhood of 100+x), but at the end of the day your EV is always going to be negative. In fact, your EV becomes progressively worse the more legs you take on on your parlay.
This is an instance where even if empirical evidence suggests that a strategy like this could be profitable, the hard maths still make it unfeasible.
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Match fixing is something that is probably a lot more rife than people expect.
Especially in leagues where the players are poorly paid and the league is poorly regulated, match fixing can be the bulk of a player's overall income. There were numerous fixing scandals involving international cricketers in the subcontinent as well as South Africa.
Though, you don't want to bet on an event thinking that you know the rigged result. Without information, the outcome is still virtually random to you. And if you do have the information, then the sportsbook may refuse to pay you out.
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I am just kind of curious if anyone has done any research of has any opinions on which sport they think is the best sport to gamble. I guess I'm looking for both opinions and hard data.
Personally I bet on NFL Football the most, followed by the NBA, MLB, College Basketball and every once in a while I'll bet on a big Soccer ( football for you Euros ) game like the Classico. For me, Football by far seems to be the easiest sport to bet on. Baseball and Basketball are too random and their betting lines tend to be a bit more confusing. With the NFL only having 16 games vs MLB with 162 and the NBA with 82..It seems like there is much less of a chance for an upset or sloppy game vs the other two where the regular season simply doesn't mean nearly enough.
Just curious what you guys think..
In terms of your EV for your bets, as long as the betting markets are liquid, you're going to get approximately the same long run results across any of the games. I personally prefer NBA for its unpredictability. Unlike tennis and other individual sports, favourites are upset much more easily and when they do you can reap yourself a handsome payout given that odds on the underdog are usually not too shabby. But you should just go with whatever game you enjoy watching. The actual deviations in terms of betting odds are so tiny they're negligible. |
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Wups... So there’s news swirling around that a coal mine explosion at some province in China caused a huge power outage and prolly also caused BTC’s hash rate to drop by 30% or so. That’s prolly the reason for the market sell down rn. Just another over reaction by the market as usual.
Yup. Markets are definitely overreacting to something that has no bearing on BTC fundamentals whatsoever. Speculators are more than willing to grasp at straws one way or another, often forgetting about the long term picture. Just look at the depths of the bear market during COVID - BTC was changing hands at $3k apiece just months before the rally to hit a new all time high. Electricity outages in one country are temporary and does not affect BTC network security at all. Although, I do think that price growth is going to be much more difficult from this point onwards given that we are already so far along in the bull market. |
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I'm on OP's side for this one.
The agreement was completely denominated in BTC with no mention of any fiats. As such, there should be no expectation on the borrower's side that the loan should be adjusted into fiat terms if BTC does climb significantly.
What if BTC prices went down instead of skyrocket? Then would the borrower be liable to pay the loss in fiat?
Although, if the borrower was willing to repay a lump sum and settle the loan altogether I think OP should be lenient and accept a discounted loan value. But that's not an obligation imo.
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Remark: Not sure if this is the right board for this. So if this matter fits better into another board, I ask the mods to kindly move it to where it better fits. Thanks! I have a Poloniex trading account since 2016. As I was focusing on trading Forex since 2017, I have not logged into that account since then. In the meantime, I have lost possession of the email address I have used to create my Poloniex account. I wanted to re-loggin now to my account so I've reached out to Poloniex Support to change the mail address so I can log in again. Indeed I was awaiting some sort of owner verification to assure I'm the owner of that account. But, as it seems to be rocket science for Poloniex to change the email address of an account, I am not able to get back access to it. They say, it's just not possible to change the address assigned to an account. So I'm losing access to it and therefore losing all my trading history. I even cannot check by myself if I have left any (small) funds in that account. I have to trust them saying no funds left.  Sure it'd be my – and only my – fault if there are funds left. I'm totally accepting my own responsibility. That's not the point … But as long as the exchange is still in business they shall have some sort of account-recovery with owner verification process to get back access to the owner … So beware: don't ever lose possession on an email account you might have used for any exchange … Legally, YOU are the owner of the account. Not the email addressed associated with the account. That alone should be enough reason for them to at least take you seriously. Changing an email account is a minor admin issue that any competent customer service team should be able to do. But to be frank, polo has been going downhill ever since they decided to remove legacy accounts and anonymous trading - virtually nobody prefers them over Binance now. |
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Good to know that you have taken the time to see tho viewpoints of other people. That's impressive given the modern predisposition of self-delusion.
Anyhow, I only partially agree with your statement. What I do agree with is that BTC is not going to be generating as spectacular of returns as it has been for the past decade. That shouldn't come as a surprise given the fact that the bulk of the institutional and retail adoption is already behind us.
I do not agree with the statement that BTC is a huge bubble, though. Whilst the price has risen exponentially, it is merely reflective of the strengthened fundamentals.
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I agree that long-run mean has shifted up significantly, but probably nowhere near the vicinity of $50k.
Markets are still irrational at the end of the day and people are going to be liable to panic dump when it comes to any sort of negative regulatory news. Even when the negative news has zero long term implications, markets are still going to overreact to it for sure.
I do expect a correction to come as a matter of time. But given the state of the FOMO right now, I doubt that we'll see it until at least the end of the year.
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Hey guys!
I believe someone has already invested some coins to Binance Liquid Swap. Can you please share your experience? Planning to invest some of my BNB there.
I have already googled for some articles about it and all of them are like "just throw your coins there and, txfee if you invest only one coin and receive your rewards". Is it really so easy? The only thing that concerns me is that Binance Liquid Swap right now offers 30.4%+11.85% revenue which is much over 15-20% offered for staking. Is there any risk with Binance Liquid Swap? And that is the min/max investing period for it?
Any information is appreciated.
You need to balance between risk and reward here. The risks are pretty obvious. Binance is a centralised exchange that is going to get targeted by regulators as a matter of time (and it has already started with several people reporting their withdrawals being locked). If you have your coins locked there then recourse is going to be very difficult. But the returns are indeed lucrative. As others said, though, it's not riskless like staking (which is something inbuilt into the blockchain). |
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I think that most people still play on laptop/PC.
Mobile device support is something that the online gambling industry has been struggling to adopt. I think part of the reason why is that in-browser support for certain plugins is just atrocious and often ends up being unplayable.
What we need is some sort of site to come out with a proprietary app - that should get the competition going in the right direction.
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If your logic was true then all stocks, bonds, and just assets in general would be considered a ponzi scheme. Heck, fiat and gold would both be considered ponzis.
There is one very simple reason that disproves all of this - bitcoin has utility as a store of value and a decentralised currency. Its value derives from adoption, and with adoption (retail or institutional) currently skyrocketing, there should be no surprises whatsoever that prices are following suit.
This argument against BTC has been debunked so many times that it's not funny.
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Finally it has to come to this point, every decision central bank made, is outright worthless, to protect yourselves, you should counter trade every single decision they made, when central bank decide to issue digital currencies, it’s your time to counter trade their decision. The way to counter trade central bank, by calling them centralised surveillance fake money, what’s next?
Precisely. People aren't dumb. They'll figure out as a matter of time that CBDCs are nothing more than frauds. Also, countertrading central banks actually is occurring at a much wider scale now. For instance, just look at how treasury yields have been hiking even though central banks around the world have been aggressively trying to push rates lower and lower with QE. Markets are waking up to the fact that central banks no longer have the degree of control that they used to have with alternative currencies such as BTC, which is just phenomenal. |
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This makes no sense given the fact that stablecoins are derived from fiat. If fiat was eliminated altogether, then stablecoins simply would not be backed by anything.
What you're talking about is probably a digital version of fiat, which already exists in various countries. CBDCs are not "backed" by fiat, they are fiat.
And yes, that future is probably imminent whether you like it or not. With a digitised version of fiat the government or central bank simply has way more control over monetary policy, interest rates, and transaction tracking for tax purposes. There are simply too many advantages associated with ridding cash (for the government, that is) for CBDCs to not be pushed by central banks across the world.
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Absolutely insane price action.
I do think that we will get very close. Whether or not the resistance @ $100k is actually breached is another issue in itself. I think both outcomes are possible - either we see something like 2016 when the bull market abruptly tapered off as the $20k barrier was hit, or the markets continue to rally behind the institutional interest and billionaire backings.
Objectively, the latter is definitely more likely imo. The fundamentals this time round is just much better in terms of a more mature market with major participants who now realise the significance of BTC as a long term store of wealth. We've tapped into a previously ignored market of institutional wealth/asset management as well as pensions.
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I knew I was right around 99% crypto, but I actually took a second to calculate it and I'm only 0.1% fiat, 99.9% crypto right now! Granted I'm very low on cash right now haha, gotta cash out a couple thousand dollars worth of staking rewards to pay expenses this month, and generally I want to keep 0.5% in cash for my emergency fund. But this just got me thinking, for anyone willing to share (just percentages, no raw numbers) where do your net worth crypto/fiat/anything-else percentages stand?  Anyone else gone full bore into crypto as I have? Jesus, that is a high percentage. But unlike others, I don't think that it is that risky. In fact, I would say that you take the most risk if you opt-out of putting crypto into your portfolio. As long as you're not a weak hand, a long term holding of cryptos will prove to be one of the best preservers of wealth. I'm more skewed towards stocks compared to you, but definitely still >50% crypto for the long run. |
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Who said that you had to buy BTC through Coinbase?
Honestly, if you are willing to verify yourself there are plenty of established exchanges with much lower spreads (Kraken, Bitstamp, Polo, Bittrex, Binance etc.). If you are not, then you've always got LBC or OTC trading as a reliable backup option.
Coinbase's customer service has been known to be notorious and I would not recommend them to anyone. Who knows how they managed to get their valuations up this high and go public...
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