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1  Economy / Gambling discussion / Re: A lot of people in this section do not understand basic gambling concepts. on: Today at 04:33:11 AM
Even for the top VIP accounts there's never a positive return to player. There's no casino that will allow any player to have more returns than losses simply by wagering. It never happens.

Many people are simply fooled by the vip programs. Yes, some sites are more generous than others but we have to realize that it's not a realistic expectation to expect at some point to be earning more than losing simply by playing at a casino. Even if you reach the highest VIP level, which means you lost millions, the casino is even st that point going to have a house edge against you. Maybe with the bonuses the house edge is lower, but never positive.
2  Economy / Gambling discussion / Re: Foolhardy bets. on: May 23, 2024, 11:42:31 AM
You have to consider why there might be so many positive stories around. Surely the reason they get publicity must be that many of them are actually paying off ads on social media and even many of these videos are scripted. Consider this, if someone has a big win, would they publicize it? Most people you know from real life, if they play gambling, they wouldn't even share a huge win with their friends for privacy reasons, let alone the whole world to see...

So keep this in mind the next time you develop an idea about gambling. There is a lot of guerilla promotion and not everything is genuine. And even if a streamer claims to be working on his own, it's often that they earn from their gambling activity and from people signin up through their links. So it's not a good idea to expect anything else. Their interest is in your losses, but they lure you in with the wins only.
3  Economy / Gambling discussion / Re: Stake Poker ($1k freerolls) on: May 22, 2024, 09:59:11 PM
I've practically begged other crypto sites to add poker when they were successful. They didn't add it and years later they just closed. Also due to other factors but it played a role for sure.

Player vs Player games are an important part of casino culture and the fact that online casinos simply removed this aspect of gambling because simply it didn't make enough profit was a huge mistake because now a handful of sites are stealing a ton kf their traffic. And also finally seals with clubs gets some fair competition.
4  Economy / Gambling discussion / Re: Is boxing the worst sport to bet on? on: May 22, 2024, 09:46:35 PM
In my opinion every sport that doesn't have a cashout option is awful to bet and boxing is in this category because I've had a small bet on Fury this weekend and I didn't have cashout option where his odds were low but I had no idea boxing will be this way so I will never bet again. So yea , boxing is awful to bet because of this non cashout option but this is just my own opinion.  Smiley
To be honest I never bet on boxing because I don't understand it well but are all casinos like that? If so, having all casinos completely disable a cash out option on a specific sport kinds goes to show it's a bit even less fair. Because additionally to all the issues of unfair practices by corruption and unfair referees...

Suddenly it just makes fixing matches much more profitable. Maybe it's too conspiratorial. But I'd say probably not. Without fair overnight it could happen every where. But in a non team sport, by nature it's easier to fix things.
5  Economy / Gambling discussion / Re: Greek 2023–24 Super League Predictions & Discussion on: May 22, 2024, 08:05:33 AM
What an adventurous turn of events. I am very proud for PAOK and their outstanding performance and really hope they will do well in representing Greece in Europe next season as the first in the league. Quite unfortunate for Panathinaikos and Olympiakos to finish lower in the league especially while seeing Olympiakos be at the final of UEFA's conference league right now. But really their performance in the local league was not ideal.

Thankfully for Panathinaikos the owners realized this and are calling for further 19 million EUR to be invested in the team. Hopefully this will give them a boost next season and sell see fewer mishsbs by them.

I am keeping this thread open still because we have two very important matches ahead of us for super league teams. One is the Greek cup final between ARIS and Panathinaikos on May 25 and the other is the Conference league final in Athens between Olympiakos and Fiorentina.
6  Bitcoin / Pools / Re: Eligius pool is back under the new name Ocean on: May 21, 2024, 11:16:41 PM
Speaking of profitability, in the first public days of OCEAN pool, I had rented a sizable amount of hash and ended up being lucky to find a couple of blocks before it was really expected. For the time my hash was rented and hashing away, I got paid much more than I had spent on renting the hashpower, don't have the math at hand but it was a decent multiple. If I was mining in a pool with a different share system, this luck would have simply not been rewarded, at least not to that extent.

These things are pretty hard to calculate. Accounting is pretty hard on its own, doing it with something such as mining is overwhelming for most. I myself have accounting knowledge but can't be bothered to calculate the exact figures after knowing that I'm in profit. But really at least the people at ocean could provide a more comprehensive breakdown of how TIDES benefits miners. Although I understand they might be looking to be cautious not being caught in "forward looking statements" as they are U.S. based.
7  Economy / Gambling discussion / Re: 2024 U.S. Presidential Election Bets! on: May 21, 2024, 05:24:04 PM
Are we supposed to ignore Joe Biden managed to push unemployment to the lowest numbers in the lastest decades in the United States and also how the stock market is reacting lately, showing record high numbers with in all industrial indexes?

Most people don't care about the stock market. Yes, many people have a horse in the race even indirectly especially given that at least indirectly some of their pension savings and earnings are going to depend on the stock market. But it's a very lopsided market. AFAIK the top 10% own over 90% of stocks in value. So in reality very few to almost none of the country's working population holds a significant stake in the stock market. It going up doesn't improve people's lives in a tangible way.

If you actually account for inflation, the purchasing power of the average American household has remained stagnant since 2019. Biden could have done many things to decrease spending needs of the average American household. Many popular measures were proposed by Bernie. Such as making health-care and education public, cutting pentagon funding and stopping foreign war shipments and aid to instead invest domestically. Instead Biden did everything in his power to sabotage Bernie.

I kinda agree that Biden did some good things that Trump would never do like invest in public transport infrastructure, but to say he's better is an overstatement. They both suck. And to a large extent, they both stand for the same shit. See for example the tariffs Democrats were fighting Trump over, now Biden introduced the most sweeping tariffs in recent years! Ironic to say the least.

If you ask me, if Americans want to see hope at the end of the tunnel they should quit nagging about there not being a viable third option and organize to create one. I wouldn't bet on a third party candidate becoming president in this election but it's a viable 8 year plan.
8  Economy / Gambling discussion / Re: Is boxing the worst sport to bet on? on: May 21, 2024, 04:40:16 PM
I've been gambling here in crypto gambling for a long time, but I've never read or seen sport betting about boxing. Are there any? I'm just not sure, because what I often see in casinos are football games; what else? There is also no soccer, and the rest I have no idea about.

The majority of gamblers prefer the sport without physical harm or attack. Although there are definitely those who bet on boxing, UFC, and kickboxing but not at the casino to bet, right?
Are you sure you've been bettin on crypto for a while?  Grin Because boxing promotions and UFC are advertised a lot on here as well and on many crypto betting sites as well. Stake.com and all major crypto betting websites do special promotions whenever there's a big fighting promotion too and will even make it a major part of their website while it's going on. For example every time I log in to stake.com I see UFC front and center.

Even the entire banner permanently representing the entire sports section of the website features 4 athletes, 3 of which are part of fighting sports:



I think that if stake does this as one of the biggest crypto casinos they must know a thing or two. Probably people are spending a lot betting on fighting sports. I don't know if from the player's part it's a wise decision to bet on such sports that have so many accusations of rigging etc.
9  Other / Meta / Re: Should mods make a post to justify why they locked a thread? on: May 21, 2024, 03:02:38 PM
I also think it would be nice to send a DM to the user who started the thread to give a reason for locking or even moving a post, because sometimes let's say when you have a number of post and you think you have covered the post count for the week and all of a sudden you find out that some post have been deleted or moved to off-top and you have no one to give the specific reason for that action, (this only happens to sig members) which ever way it happens both moving of topics deleting of post and locking of post or thread I think mods should at least DM the members why they took that action.

So if a mod moves or deletes a topic where 50 people have posted, he'll have to send 50 PMs ? Really ?? And also send a bouquet of flowers or a box of chocolate to apologise too I presume?

I'm going to be direct, I (as usual I'm speaking for myself, but I'm sure my colleagues are on the same page) don't give a damn about the post count when I delete/move a post/topic. There are no rules, no instructions from Theymos on this subject. Before clicking on the 'Post' button, it's up to you to decide whether the topic has a chance of being moved/deleted or not.

I agree on the general sentiment. The forum mods don't have an obligation towards someone's post count and it shouldn't be considered their liability when they're simply following standard moderation practices.

But we have to agree that a notification for having one of your posts deleted would be a nice feature. By way of not having it bitcointalk lacks a feature many other social platforms would have as standard. By this point it might be wishful thinking to hope such feature gets implemented but one can only hope.
10  Economy / Gambling discussion / Re: Os boxing the worst sport to get on? on: May 21, 2024, 06:50:09 AM
Os boxing the worst sport to get on?
I'm not sure, whether the sport of boxing really makes some fans angry about the behavior of promoters and judges, that's some of the facts we see, boxing has always been synonymous with corrupt mafias, your question reminds me of something said by: @John McGlothlin.

Facts that happened: How did boxing become so corrupt so that there are several "champions" at each weight class who never fight each other?

Quote
The multi-champion fiasco came about as a result of:

• multiple sanctioning bodies who charge multiple sanctioning fees for multiple champions;
• promoters allying themselves with particular sanctioning bodies, and only fighting particular opponents in order to have more “title” fights, and make more money than they could with a single champion.
• TV providers allying themselves with particular sanctioning bodies and promoters

But as far as I know, not all boxing sports can be called corrupt and bad sports like we imagine, not all boxing sauces are spicy, there are still many sauces that have a sweet taste.
It's interesting, many non-team sports fall under the same fate but not many are like boxing. Having handfuls of high level organizations and so many "champions" that don't even know each other. In the process boxing became more of a show than a sport sadly. Olympic boxers often had no notoriety and almost nobody knew about them in spit of them having the best sportsmanship and skill.

Now to their detriment because of how corrupt the rest of the sport is they may lose their spot as athletes on the Olympics because of everyone else's corruption. And these things have been going on for ages in boxing. It just makes me wonder what would make anyone to bet on such matches especially given the history of corruption that is so long standing.
11  Economy / Gambling discussion / Re: Gambling and Religion. Beliefs or Choices? on: May 21, 2024, 06:23:09 AM
Many people, especially Muslim, will limit their choices because of religion. In my view this is something highly respectable of them as they tend to take the fundamental texts of the religion they are adherents to more seriously and not just lightly like 99.9% of christians would do.

So really it's important to understand the difference between an individual choice and someone being taught to follow some principles. While yes in theory a Muslim man could gamble, oftentimes it's also not accepted by the society he might be living in. This can range from societal pressure to even sometimes punishments. So if a religion is serious against something, then it's more than a choice. It's a societal standard.
12  Other / Meta / Re: Should mods make a post to justify why they locked a thread? on: May 21, 2024, 05:55:24 AM
I don't think it is based on their "own discreation" rather its based on forum rules.

Me neither, and if mods could or did lock threads based on factors other than forum rules, a shit storm of chaos would probably ensue.  My guess is that most of the threads they lock are garbage ones that should never have been started in the first place or were ones that got reported by someone for breaking a rule.

As far as mods giving a reason why, I don't think that's ever going to happen even if I thought it was a good idea, which I don't.  They've got way too much to handle as it is without having to justify their actions when said actions usually aren't controversial in the least.

When a thread is a spam megathread it often gets deleted as deliberately inviting spam could be considered against the rules.
But it also does happen that mods will lock an old thread at their own discression without it being spam or breaking any rules. Not everybody should be up at arms with this and also it wouldn't be too much work to simply add a simple response to a thread before locking it to justify the decision.

The best option would be for Bitcointalk to have a drop-down menu so this can be done automatically when mods lock a thread but I don't think it makes sense to request features for the forum based on wnsy we've seen so far.
13  Economy / Gambling discussion / Is boxing the worst sport to bet on? on: May 20, 2024, 02:36:55 PM
Recently I read that a year ago the Olympic committee cut its ties with the International boxing federation due to corruption and unfair referee placement. It has been a year since and the boxing federation has still to fix these issues. Now boxing is threatened to be completely left off schedule from the Olympics for the first time in the history of modern Olympics!

It really makes you think, if the international body of boxing is so corrupt, can you imagine the corruption that would be going on individually promoted events and closed leagues as the liked of UFC? Makes me think that fighting promotions and especially boxing should be avoided if you want to make bets.

You can read a relevant article about the Olympic news here: https://www.kompas.id/baca/english/2024/04/04/en-tinju-terancam-didepak-dari-olimpiade
14  Economy / Gambling discussion / Re: Which type of gambling have more gambling addicts ? on: May 20, 2024, 02:29:20 PM
It really depends on the type of player. Some people are most prone to getting addicted on games like poker because of the social aspect. Others like the patterns on slots and chase the max win they have seen which is also very addicting.

Some other people think they will get lucky on docr or roulette and spend a lot of money there. I think the most addicting is video slots but nowdays you can find them in both casino that is land based and also online. Frankly the land based casinos also copy many of the games that are successful online and earn large revenues. So I'd say video slots online and also physically are the most addictive.
15  Economy / Gambling discussion / Re: Memecoin Gambling verses Normal Gambling - which is more profitable? on: May 20, 2024, 02:24:45 PM
Sometimes I've seen casinos with memecoins gesture very low house edge games because if a coin is worth nothing then might as well take risks from the side of the casino to attract players. The balance could be replenished just by the casino owner finding a deal to get tons of coins that otherwise have no market value. Of course this entails that wager value would be minuscule but value is also subjective. If lots of people think an asset will have value in the future this is also a form of value.
16  Economy / Gambling discussion / Re: What need to follow to play the stress free gambling game on: May 20, 2024, 01:56:59 PM
To play a stress free gambling game I think first and foremost you should be comfortable with the amounts you are risking because any amount placed on a gamble could be lost 100%. So it's only worth to do it if you can afford it, otherwise it can bring unreasonable stress in your life. If you can avoid this but are prone, better just not gamble at all.

If you feel stressed about losing, lower your stakes and it should help. Remember to gamble for the fun of it and not anything else. Otherwise it is not worth to stress over an otherwise easy activity.
17  Bitcoin / Pools / Re: Eligius pool is back under the new name Ocean on: May 20, 2024, 02:24:53 AM
So Kano pool paying less is variance which we should accept because statistical possibilities can lead to bad luck, also definitely OCEAN paying more is also luck. But when ocean had a mishap it is 100% a design flaw.

Well there's clearly a sofware/design/policy issue with this pool

Block 444208 - ocean - empty - on the network 7 seconds after the previous block ...

I think at this point you should stop claiming expertise ok the topic. Being unable to control emotion leads to many falsehoods, and speaking of a pool you clearly hate obviously draws in a lot of those with what you say.
18  Economy / Gambling discussion / Re: 2024 U.S. Presidential Election Bets! on: May 19, 2024, 08:42:20 PM
I think in the end the big crypto firm heads might not be that adamant about supporting Trump either. They've put themselves in a sweet spot where they are established at the top with harsh regulation now so competitors are hard to climb the ladder.

If trump opens up the market then they're gonna lose out though this process so there's high possibility quite a few of them will want to maintain the status quo and allow Biden have a second term. Funnily enough though, the miners are very anti democrat at least on the local level given how outspoken some democrats have been against mining on environmental terms. But for the presidential race we will have to wait and see. The donations will speak for themselves.
19  Economy / Gambling discussion / Re: Drake curse strikes again, rapper loses on Fury, Usyk bet on: May 19, 2024, 08:24:31 PM
I am not gonna say that this is nothing for drake, because a few reports have been out about another singer that has sold so many records, Bruno Mars, has been in debt due to gambling and is now forced to play concerts in casinos without compensation only to cover the debt.

So in reality if this bet by Drake is real, he might be a few steps away from losing his cash fortune. Many celebrities are actually cash poor as they put all their money in luxury goods and real estate and when need hits they have a hard time. But also there's a chance this is only promotion and Drake may be fuerenteed to get his money back regardless of result.
20  Economy / Gambling discussion / Re: The best Wager Strategy? on: May 19, 2024, 06:41:16 PM
I do find that some people are really concerned about achieving higher ranks in casino accounts but it doesn't make sense to me cause casino is not going to give you free money, all they do is just give the part from your loss which can be one time bonus or regular event but my point is you need to wager to get to that and all it takes just one bad bet to bust the money no matter even if we set the multiplier on dice to the lowest possible because I have been there and still you can loss occasionally with 1.01x too.

This is very true and many people don't get that having a VIP level at a casino is not going to make them rich. It is actually a bit of an illusion to believe that you are going to earn anything more than you put in a casino. If it was like that people would have been rich just by playing. Because casinos also have to make money and they aren't a charity.

VIP levels are just an incentive to play more and eventually also lose more. VIP levels imo are good to have at least if you were gonna play that much anyway. But otherwise it's like fool's gold. Don't chase these levels.
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