I think the strategies we adopt and risk management can have efficacy to reduce our losses when our greed and emotions have been tackled and taken care of. For instance, you  became lucky to win $100 with a $2 bet on your first 2 sessions but got greed to want to double it and you eventually lose it in the next tria. This has nothing to do with a lack of good strategy but an act of greed

Analyzing this issue is difficult because both young and old are susceptible to gambling addiction, and both have the potential to become addicted, and the triggers and impacts may differ. What differentiates the two are circumstances and situations. Although older adults gamble less frequently than younger adults, most older adults are more serious about improving their quality of life. When older adults continue to gamble and lack the desire to improve themselves, they are more vulnerable to addiction due to loneliness, the loss of a spouse, and spending more time at home due to lack of activity. These factors can potentially drive them to seek entertainment, and if gambling is their choice, they are more susceptible to addiction.

The more people who become addicted, the greater the profits are earned by the company. We have seen many kinds of promotions carried out, even to the point where people within the company offer everyone to use their site. Instead of promising a bigger winning percentage for new users, this certainly invites people to get addicted and makes its users addicted to continue gambling. They will not care if their users become very addicted; the most important thing is that the company earns huge profits from the many people who are addicted to continue playing in it.

What i believe  is that we are responsible for actions the casinos are not ment to be blamed for our lapses. If the deposit amount is too high compared to what we have in mind to gamble with, why not check out another casino with a more lower deposit amount that way you'll  feel comfortable  rather than overriding your initial intention just to suit the casino. Their only aim is to make profit from you so whether you make small deposit  or large deposit  they'll still make profit from you, so now it's  left for us to choose between desperacy or wisdom which should you apply,  but before you pick from one of those options  always  do well to consider the consequences and the sacrifice involved.

Definitely  you are going to make profit but I think it depends on the period or will I say the time you will make this approach because there are periods you will try this... And trust me you won't see any reasonable profit because the loss will be much and there are  also period you try... You will see much profit so that is how it is and it will be wrong to use a period to justify the whole because that will be wrong and not correct. But me personally I don't too fancy this betting after game have already started It doesn't give me the vibe I want.

I have a problem with this being an anti-gambling ad, because the video doesn't share anything educational that would teach people why they shouldn't gamble their entire savings. I couldn't connect with this video, and it might be the same for everyone. Yes, the government may have tried, but I don't think it's enough. This advertisement will attract more people to gambling.

But yes, everyone has their own perspective and there may be differences in how they view things from that perspective.

This works if the user ends up with 3% more balance than what he started with and do you think it is possible to do for 349 consecutive days?

In math we can derive lot of things but you need to understand the practical nuances that feels negligible but will make a huge difference at the end results and especially the whole strategy is build with the compunding effect so assume one bad day at 100th day and lost 50% of your balance then you need another 50 more days to make it up and one bad day will just keep ruining from this strategy to work.

That actually makes a lot of sense..There's been an evolution of online gambling, we have more gamblers making use of Bitcoin to gamble than those using Fiat currency...it's no doubt that casinos boosted that growth of Bitcoin significantly..The numbers started sky rocketing even more when more online casinos began to show up because they are lots of people that began to use online casnios

But at that time (2012), it's like it was only gambling platforms that recorded the highest transaction for Bitcoin because not much business were interested to add Bitcoin as a payment options and many people were still so skeptical about Bitcoin while so many people saw it as a scam. If it's now, you can see how so many institutions are not adopting Bitcoin on like before when they showed no interest. Regardless of how some institutions have adopted Bitcoin now, there are too many crypto casinos that is accepting Bitcoin for gambling.

I agree with that. If the anxiety already exists, then we should not add more fuel to it by gambling. It's not a cure. Gambling could make it worse, and someone who is having a hard time controlling their anxiety should not take any risk of trying gambling as a cure to the problem.

Those who have that problem should seek help, and it's better if they can get away from vices that would add more problems. They need company, they need to relax, and try to enjoy life. I don't think you can find that in gambling. It's mostly stressful unless you win in the first bet, which is very rare to happen.

This is very true , losses are very difficult to recover , I personally have Always said that when there is a lack of Knowledge many mistakes can be made, when I was a novice I fell many times into wanting to recover my balance by betting and what I achieved was losing more money, but I it walearned , the bad thing is that I lost Money, so you have to be clear about that , to not play it anymore until another time , another game session to see if you are lucky.

A casino platform that absorbs withdrawal charges will definitely attract more customers because when a customer thinks about the amount  they're going to make deposits and withdrawals on a casino platform, it can  scare some away to over choosing the free one when considering depositing a huge amount of money, whereas they will be impressed to do business with the casino platform that offers them free deposits/free withdrawals Personally, I prefer a casino that offers me a free deposit and withdrawal on their platform, and most of the platforms I currently use offer free withdrawals Betting companies should

Gambling an activity for fun also has the chance to turn someone's fortune. Calculated risk when taken in gambling can be the way to big wins from gambling. Who do you think should take more risk in gambling? The rich gambler or the gambler who is not yet rich. If a rich gambler takes risks in gambling, they are risking losing money and becoming poor from gambling, or getting richer, when a gambler who is not yet rich gambles, they can also get poorer or richer, so the gambler who should take the risk should be the gambler who can handle the dangers of the risk like losing too.

When a rich gambler loses from taking a risk, there is a better chance of them being in a position to manage with the losses, than someone struggling financially who a big loss will really affect. So, I am confused after asking myself this question and answering it, does this mean a poor gambler should continue to play it safe in gambling? With no risk, how can a poor gambler change their fortune in gambling?

In my case what is regrettable is that the same amount of BTC that I transferred for gambling now seems to be almost double. That is, if I have deposited 70 dollars for gambling, now that 70 dollars has increased and shows 140 dollars from my wallet, that is, if I did not use 70 dollars for gambling at that time, then now that 70 dollars in my wallet would have increased and show 140 dollars. Gambling with Bitcoin and profiting from gambling, I think it's a loss because the value of Bitcoin has increased so much since then and continues to increase. So I have now decided to gamble with dollars rather than gambling with Bitcoin so that I have the potential to profit from Bitcoin as the price of Bitcoin rises.

Now the gambling site was in the trouble because of the high transaction fee by the exchanges like the Binance.It was unacceptable one for the gambler to pay 26 dollars to withdraw funds from the Binance.Being a gambler,my opinion is to hold till the money in the exchange itself.Surely we get the profit from the gambling site,if we follow some techniques in the gambling site.But my point is why we need to pay the exchange fee of 26 dollars for the single transaction.

My decision may be seems revolutionary one,but the fact is the same transaction fee will be reduced when the market back to the bear standard.The bull run give huge dollars to the trader who hold from the 31k market price of the bitcoin.I had some arguments with my friends with whom we meet on every weekend.They also had the opinion of hold their money in the exchange till the market fee back to the normal one.So what your standard for the current transaction fee of bitcoin.

Hey gamblers' community, hope you're all doing great.
I wanted to convey my message here that gambling in front of our kids may put adverse effects on their growing minds and they may also take the wrong path and start gambling (either by asking you personally for funds or by stealing it in order to fulfill their gambling cravings).

I'm sharing this because I saw this issue with my kiddo who was once watching me gamble at a website playing blackjack and she started asking me more about the game. Then one day, she wanted to play it herself and asked me if she can go for it and I said "no, it's not your legal age to go for such games". So, it's better to keep our kiddos away from gambling and let them focus on their studies, else it'd actually ruin everything for the whole family if the kid takes the wrong path.

Before I began gambling, there were some YouTube videos that do pop up occasionally and I can still remember vividly that one was titled “a man was banned from gambling after winning with his mathematical strategy” or something similar to this; although I never played them since I’m no maths genius and if I should play the videos I won’t understand shit about what they are talking about, but one question still bother me, these so called maths genius have they never lost a game since they started gambling? Is their maths strategy a flawless one? It could be as what the post above mine said and it was just luck that their analysis worked and people linked it to their maths skills.

I don't keep records either because if I do or anyone else that does that means only one thing,whenever you will be back reviewing your spreadsheet with your win/loss data you will think not twice but more than that before you gamble.

It is true that when you don't keep it you only tend to remember your big wins but if your lost sessions are consecutive you will remember them too so I don't see any real benefit of keeping track,in order to avoid this use a preset budget for gambling every week or every month and stick to it,you will know the data without keeping a spreadsheet.